Jagatjit Industries Ltd

About [ edit ]

Jagatjit Industries is primarily engaged in the manufacture and sale of Liquor products and job work for food products.

  • Market Cap 272 Cr.
  • Current Price 58.8
  • High / Low 61.6 / 28.2
  • Stock P/E
  • Book Value 8.47
  • Dividend Yield 0.00 %
  • ROCE -9.03 %
  • ROE -96.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 94.76 to 47.32 days.

Cons

  • Stock is trading at 6.94 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.30% over past five years.
  • Company has a low return on equity of -54.89% for last 3 years.
  • Earnings include an other income of Rs.65.76 Cr.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
61.05 61.51 55.14 55.27 46.56 54.06 58.41 61.64 81.02 98.82 105.79
65.76 78.74 62.88 70.09 56.99 64.56 70.71 95.02 81.53 98.35 102.40
Operating Profit -4.71 -17.23 -7.74 -14.82 -10.43 -10.50 -12.30 -33.38 -0.51 0.47 3.39
OPM % -7.71% -28.01% -14.04% -26.81% -22.40% -19.42% -21.06% -54.15% -0.63% 0.48% 3.20%
Other Income 7.07 9.32 10.79 31.17 7.80 10.24 12.75 45.57 7.61 6.54 6.04
Interest 13.26 13.07 15.09 29.39 11.48 10.69 11.98 7.96 7.41 7.86 7.81
Depreciation 2.78 2.66 2.55 2.45 2.31 2.29 2.30 2.75 2.35 2.36 2.35
Profit before tax -13.68 -23.64 -14.59 -15.49 -16.42 -13.24 -13.83 1.48 -2.66 -3.21 -0.73
Tax % 0.00% 0.00% 0.00% 9.17% 0.00% 0.00% 0.00% 496.62% 0.00% 0.00% 0.00%
Net Profit -13.68 -23.64 -14.59 -14.07 -16.42 14.53 -13.86 -28.84 -2.68 -3.25 -0.79
EPS in Rs -2.96 -5.12 -3.16 -3.05 -3.56 3.15 -3.00 -6.25 -0.58 -0.70 -0.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
677 970 1,077 993 936 831 688 485 364 286 221 347
658 948 1,087 966 935 843 707 572 408 328 287 377
Operating Profit 19 21 -10 28 1 -11 -19 -87 -44 -43 -67 -30
OPM % 3% 2% -1% 3% 0% -1% -3% -18% -12% -15% -30% -9%
Other Income 28 64 85 20 4 -0 5 34 33 58 76 66
Interest 23 22 22 23 29 31 41 49 55 73 42 31
Depreciation 19 29 25 18 18 12 13 13 12 10 10 10
Profit before tax 5 35 28 7 -43 -56 -67 -114 -78 -67 -42 -5
Tax % -39% 28% -23% 24% -6% 23% 2% -0% 5% 2% -18%
Net Profit 6 25 35 5 -45 -43 -66 -116 -75 -66 -45 -36
EPS in Rs 1.40 5.47 7.61 1.12 -9.83 -9.33 -14.25 -25.09 -16.16 -14.29 -9.66 -7.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-11%
5 Years:-23%
3 Years:-23%
TTM:62%
Compounded Profit Growth
10 Years:%
5 Years:-21%
3 Years:13%
TTM:-80%
Stock Price CAGR
10 Years:-1%
5 Years:-6%
3 Years:-4%
1 Year:84%
Return on Equity
10 Years:-20%
5 Years:-47%
3 Years:-55%
Last Year:-96%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
46 46 46 46 46 46 46 46 46 46 46 46
Reserves 277 295 320 323 274 225 156 192 116 46 -1 -7
Borrowings 158 177 164 212 219 265 290 285 330 285 202 206
223 243 286 267 258 285 257 258 277 285 264 269
Total Liabilities 704 762 816 848 797 821 749 781 769 662 512 514
368 345 318 354 334 309 299 454 443 411 391 386
CWIP 4 1 5 2 6 1 0 1 0 0 0 4
Investments 12 12 5 6 5 4 5 4 3 9 6 6
320 404 488 486 452 506 444 323 322 242 115 118
Total Assets 704 762 816 848 797 821 749 781 769 662 512 514

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
36 22 -13 -24 12 6 19 10 8 50 16
6 -11 62 -29 -5 -22 2 30 20 65 33
-39 1 -32 20 -17 15 -19 -43 -22 -118 -48
Net Cash Flow 3 12 17 -34 -11 -1 1 -3 6 -2 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% -4% 3% -3% -4% -5% -13% -5% -1% -9%
Debtor Days 78 64 67 82 85 103 100 106 135 102 47
Inventory Turnover 4.80 4.55 4.01 4.38 4.15 3.48 1.97 2.08 2.25 2.25

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.72 74.72
0.23 0.21 0.21 0.08 0.02 0.02 0.02 0.02 0.02 8.21 8.22 8.22
25.05 25.07 25.07 25.20 25.26 25.26 25.26 25.26 25.26 17.07 17.06 17.05

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