Josts Engineering Company Ltd

Josts Engineering Company Ltd

₹ 1,015 0.40%
25 Apr - close price
About

Incorporated in 1907, Jost’s Engineering Company Ltd is in the business of material handling and engineered products[1]

Key Points

Business Overview:[1][2]
Josts ECL manufactures material handling equipment (MHD) and is provider of a wide range of engineering products (EPD) solutions that find its applications across diverse industries including Power, Oil & Gas, Defence, Aerospace, Information Technology, Automobile, Education, Steel, Oil, Mining, etc. Company has 7 service centers and 17 dealers across India

  • Market Cap 496 Cr.
  • Current Price 1,015
  • High / Low 1,098 / 243
  • Stock P/E 59.8
  • Book Value 89.1
  • Dividend Yield 0.15 %
  • ROCE 26.3 %
  • ROE 18.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 27.5% CAGR over last 5 years
  • Company's working capital requirements have reduced from 61.5 days to 43.7 days

Cons

  • Stock is trading at 11.4 times its book value
  • Promoter holding has decreased over last quarter: -2.28%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
24.44 29.40 20.22 25.18 32.57 35.51 35.42 34.14 38.29 51.83 34.99 37.77 42.51
22.76 27.17 20.11 22.24 29.75 34.05 33.19 31.91 35.69 48.10 33.47 34.59 37.41
Operating Profit 1.68 2.23 0.11 2.94 2.82 1.46 2.23 2.23 2.60 3.73 1.52 3.18 5.10
OPM % 6.87% 7.59% 0.54% 11.68% 8.66% 4.11% 6.30% 6.53% 6.79% 7.20% 4.34% 8.42% 12.00%
0.08 0.28 0.24 0.16 0.12 0.10 0.38 0.03 0.10 0.46 0.17 0.32 0.25
Interest 0.10 0.10 0.08 0.11 0.12 0.14 0.18 0.22 0.30 0.13 0.18 0.15 0.50
Depreciation 0.20 0.25 0.16 0.19 0.27 0.37 0.26 0.28 0.33 0.36 0.29 0.29 0.31
Profit before tax 1.46 2.16 0.11 2.80 2.55 1.05 2.17 1.76 2.07 3.70 1.22 3.06 4.54
Tax % 30.82% 17.13% 90.91% 26.07% 26.27% 50.48% 26.73% 36.93% 3.86% 39.73% 24.59% 30.39% 33.48%
1.01 1.80 0.01 2.07 1.88 0.52 1.59 1.11 1.99 2.23 0.92 2.13 3.02
EPS in Rs 2.20 3.91 0.02 4.40 4.00 1.11 3.38 2.36 4.23 4.74 1.97 4.57 6.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
80 76 72 75 82 83 90 107 103 86 113 159 167
73 70 68 74 82 81 86 101 95 80 106 148 154
Operating Profit 8 6 5 2 -0 2 4 6 8 6 8 11 14
OPM % 10% 8% 6% 2% -0% 2% 5% 5% 7% 7% 7% 7% 8%
0 0 0 0 0 -2 0 0 -3 1 0 1 1
Interest 0 0 0 0 1 1 2 2 2 0 0 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 7 5 4 1 -2 -2 2 4 2 6 7 10 13
Tax % 37% 35% 31% 48% 0% 0% -16% -13% 34% 26% 31% 29%
4 3 3 1 -2 -2 2 4 1 4 4 7 8
EPS in Rs 9.63 7.22 5.85 1.17 -4.24 -4.83 4.50 8.93 2.26 8.89 9.51 14.77 17.46
Dividend Payout % 43% 34% 35% 70% -4% -3% 9% 7% 27% 7% 12% 10%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 16%
TTM: 17%
Compounded Profit Growth
10 Years: 8%
5 Years: 28%
3 Years: 19%
TTM: 59%
Stock Price CAGR
10 Years: 33%
5 Years: 49%
3 Years: 109%
1 Year: 244%
Return on Equity
10 Years: 12%
5 Years: 16%
3 Years: 16%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 11 13 14 14 12 10 21 25 26 30 34 40 43
0 2 1 2 7 13 10 11 15 2 2 2 6
29 26 26 27 29 26 31 32 34 28 32 46 38
Total Liabilities 41 42 43 45 49 50 64 69 75 61 69 90 88
2 3 2 2 3 3 4 4 4 3 4 5 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 3 6 6 6 7 13 16
39 39 40 43 47 47 56 59 64 51 57 72 68
Total Assets 41 42 43 45 49 50 64 69 75 61 69 90 88

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 2 2 0 -3 -4 1 7 1 10 3 7
-1 -1 0 -0 -1 -1 -5 -4 -1 0 -2 -6
-2 -1 -3 -0 4 5 7 1 -1 -5 -1 -1
Net Cash Flow -1 0 -0 -0 -0 0 3 4 -1 6 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 115 116 119 124 124 132 138 110 112 119 105 103
Inventory Days 46 67 85 79 75 67 85 70 89 77 57 44
Days Payable 123 108 134 134 132 118 123 112 118 125 111 113
Cash Conversion Cycle 37 75 70 68 67 81 101 68 82 71 51 34
Working Capital Days 42 65 75 79 84 98 96 73 85 81 60 44
ROCE % 67% 39% 26% 8% -4% 5% 13% 15% 18% 16% 20% 26%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 49.48% 47.20%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
50.46% 50.46% 50.46% 50.46% 50.46% 50.46% 50.46% 50.46% 50.46% 50.46% 50.45% 52.74%
No. of Shareholders 2,4722,1432,1342,0922,0602,0051,9621,9912,7222,8372,9003,069

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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