Shri Jagdamba Polymers Ltd

Shri Jagdamba Polymers Ltd

₹ 627 1.37%
16 Apr - close price
About

Shri Jagdamba Polymers Limited is engaged in the business of manufacturing technical textile, geo textile and other allied products. [1]

Key Points

Products
The company’s product portfolio includes polypropylene (PP)/ Polyethylene (PE) woven bags, fabric, Silt Fence, Flexible Intermediate Bulk Containers (FIBC), geo-textile, ground cover, etc. These products find application in packaging (storage and transportation of powdered, granulated or bulk products), infrastructure (soil erosion control, earth stabilisation and act against biological degradation) and agriculture industry (unwanted weed suppression, soil moisture preservation).[1]

  • Market Cap 549 Cr.
  • Current Price 627
  • High / Low 775 / 490
  • Stock P/E 18.1
  • Book Value 262
  • Dividend Yield 0.08 %
  • ROCE 19.7 %
  • ROE 15.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%

Cons

* 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.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

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
67.61 65.41 96.13 84.80 101.33 86.79 101.67 95.07 64.95 66.05 95.60 85.74 70.61
51.79 49.28 75.91 69.81 82.46 73.60 83.15 87.72 58.55 53.85 82.12 72.08 58.54
Operating Profit 15.82 16.13 20.22 14.99 18.87 13.19 18.52 7.35 6.40 12.20 13.48 13.66 12.07
OPM % 23.40% 24.66% 21.03% 17.68% 18.62% 15.20% 18.22% 7.73% 9.85% 18.47% 14.10% 15.93% 17.09%
2.76 3.88 4.34 5.93 1.40 0.21 1.16 5.65 1.37 0.43 0.91 1.36 1.23
Interest 0.73 0.70 0.68 0.79 1.18 1.18 0.69 0.97 0.68 1.46 1.38 0.37 -0.28
Depreciation 2.36 1.26 1.95 2.12 2.05 1.83 2.01 2.12 2.07 2.00 1.98 1.96 1.98
Profit before tax 15.49 18.05 21.93 18.01 17.04 10.39 16.98 9.91 5.02 9.17 11.03 12.69 11.60
Tax % 26.73% 23.16% 25.40% 19.54% 27.99% 25.12% 23.26% 28.86% 19.12% 35.44% 25.75% 37.59% 28.10%
11.36 13.87 16.36 14.48 12.27 7.78 13.02 7.05 4.06 5.93 8.19 7.91 8.34
EPS in Rs 12.97 15.84 18.68 16.53 14.01 8.88 14.87 8.05 4.64 6.77 9.35 9.03 9.52
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
53 74 89 110 122 147 179 190 196 239 369 328 318
47 66 80 101 108 129 150 156 157 183 298 283 267
Operating Profit 7 8 9 9 14 18 29 34 40 55 71 44 51
OPM % 13% 11% 10% 8% 12% 12% 16% 18% 20% 23% 19% 14% 16%
0 0 1 2 0 0 0 1 2 8 8 9 4
Interest 3 2 3 4 3 3 2 1 1 3 4 4 3
Depreciation 2 2 2 3 4 4 4 4 4 7 8 8 8
Profit before tax 2 4 4 5 7 11 24 30 36 54 67 41 44
Tax % 34% 12% 25% 28% 32% 49% 30% 27% 25% 24% 24% 27%
2 3 3 3 5 6 16 22 27 41 51 30 30
EPS in Rs 1.88 3.59 3.57 3.80 5.70 6.49 18.81 24.97 31.21 46.71 58.42 34.32 34.67
Dividend Payout % 5% 3% 3% 3% 2% 2% 1% 1% 1% 1% 1% 1%
Compounded Sales Growth
10 Years: 16%
5 Years: 13%
3 Years: 19%
TTM: -9%
Compounded Profit Growth
10 Years: 25%
5 Years: 13%
3 Years: 3%
TTM: -5%
Stock Price CAGR
10 Years: 64%
5 Years: 20%
3 Years: 7%
1 Year: 2%
Return on Equity
10 Years: 29%
5 Years: 28%
3 Years: 26%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

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 9 12 15 16 21 27 43 65 91 132 183 212 228
24 27 40 40 40 29 14 3 33 43 39 19 16
8 8 9 11 12 17 16 20 19 16 20 18 24
Total Liabilities 42 49 65 68 73 73 75 89 144 192 242 251 269
21 21 31 28 36 34 31 32 67 76 79 76 72
CWIP 0 0 0 0 0 0 0 2 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 13 1 11 22
20 27 34 40 37 39 44 55 77 102 162 164 174
Total Assets 42 49 65 68 73 73 75 89 144 192 242 251 269

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 0 3 8 17 22 14 21 9 12 28 43
-7 -2 -12 -4 -12 -2 0 -6 -36 -15 -10 -4
-0 1 9 -3 -4 -17 -15 -9 28 3 -8 -24
Net Cash Flow 0 -1 1 1 1 3 -1 6 2 1 10 15

Ratios

Figures in Rs. Crores

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 37 58 55 55 47 32 46 49 62 63 77 78
Inventory Days 82 92 62 80 61 47 30 49 51 128 85 53
Days Payable 23 29 19 33 30 30 26 38 37 21 12 8
Cash Conversion Cycle 96 120 98 102 78 49 50 60 76 170 150 124
Working Capital Days 85 93 96 81 60 39 45 53 82 125 121 124
ROCE % 16% 16% 15% 15% 18% 25% 45% 49% 39% 38% 36% 20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.16% 73.16% 73.16% 73.16% 68.08% 68.08% 68.08% 68.08% 72.94% 72.94% 72.94% 72.94%
0.00% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67% 4.67%
22.17% 22.14% 22.14% 22.14% 27.23% 27.23% 27.23% 27.22% 22.38% 22.36% 22.37% 22.37%
No. of Shareholders 3,5616,29110,68410,28910,93311,41111,32011,40211,27411,16510,79010,153

* 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.

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