Josts Engineering Company Ltd

Josts Engineering Company Ltd

₹ 977 -3.79%
26 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 478 Cr.
  • Current Price 977
  • High / Low 1,098 / 243
  • Stock P/E 55.5
  • Book Value 79.5
  • Dividend Yield 0.15 %
  • ROCE 25.1 %
  • ROE 20.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 33.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 55.1 days to 39.6 days

Cons

  • Stock is trading at 12.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
27.22 32.64 22.71 28.25 34.71 38.69 38.63 37.45 41.43 54.88 38.20 41.01 46.40
24.97 29.63 21.69 24.47 31.20 36.50 35.46 34.27 37.75 50.71 35.79 37.02 40.24
Operating Profit 2.25 3.01 1.02 3.78 3.51 2.19 3.17 3.18 3.68 4.17 2.41 3.99 6.16
OPM % 8.27% 9.22% 4.49% 13.38% 10.11% 5.66% 8.21% 8.49% 8.88% 7.60% 6.31% 9.73% 13.28%
0.10 0.04 0.15 0.14 0.11 0.07 0.33 -0.00 0.03 0.37 0.05 0.18 0.08
Interest 0.41 0.34 0.36 0.38 0.38 0.41 0.41 0.43 0.51 0.24 0.28 0.24 0.60
Depreciation 0.67 0.72 0.60 0.69 0.68 0.86 0.76 0.76 0.85 0.89 0.69 0.81 0.80
Profit before tax 1.27 1.99 0.21 2.85 2.56 0.99 2.33 1.99 2.35 3.41 1.49 3.12 4.84
Tax % 35.43% 18.59% 47.62% 25.61% 26.17% 53.54% 24.46% 33.17% 2.55% 43.40% 20.13% 29.49% 31.20%
0.82 1.62 0.11 2.12 1.89 0.46 1.76 1.33 2.29 1.93 1.19 2.20 3.33
EPS in Rs 1.93 3.67 0.13 4.45 4.00 1.02 3.62 2.60 4.62 4.26 2.44 4.72 6.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
92 112 115 96 124 172 180
88 106 104 87 114 158 164
Operating Profit 4 6 11 9 11 14 17
OPM % 5% 6% 9% 10% 9% 8% 9%
0 1 -4 0 0 0 1
Interest 2 3 3 2 2 2 1
Depreciation 1 2 3 3 3 3 3
Profit before tax 2 2 1 5 7 10 13
Tax % -11% -27% 69% 30% 31% 28%
2 3 0 3 5 7 9
EPS in Rs 3.91 7.09 1.17 8.09 9.57 15.06 18.23
Dividend Payout % 10% 9% 52% 8% 12% 10%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 14%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 30%
TTM: 55%
Stock Price CAGR
10 Years: 32%
5 Years: 49%
3 Years: 107%
1 Year: 259%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 1 1
Reserves 21 24 24 28 32 37 38
16 26 27 13 12 7 10
33 37 40 33 37 50 41
Total Liabilities 72 89 92 75 82 95 90
11 24 24 21 22 21 20
CWIP 0 0 0 0 0 0 1
Investments 0 0 0 0 1 0 0
60 65 68 53 59 74 69
Total Assets 72 89 92 75 82 95 90

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 6 6 13 7 11
-9 -15 -2 -1 -4 -3
15 11 -5 -7 -3 -7
Net Cash Flow 5 3 -1 6 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 140 112 107 114 101 98
Inventory Days 86 74 89 77 58 44
Days Payable 125 119 122 129 115 112
Cash Conversion Cycle 101 67 74 63 44 30
Working Capital Days 96 69 64 72 53 40
ROCE % 10% 14% 14% 18% 25%

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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