Ludlow Jute & Specialities Ltd

Ludlow Jute Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ludlow Jute & Specialities Ltd

₹ 83.9 -0.15%
18 Apr - close price
ludlowjute.com BSE: 526179
About

Incorporated in 1921, Ludlow Jute & Specialities Ltd manufactures and sale of Jute Goods[1]

Key Points

Business Overview[1]
Company is a part of the multinational Kanoria Group. It deals in jute products and the application of jute in fabrics for packaging, special yarn, scrim, and jute soil saver

Website BSE
  • Market Cap ₹ 90.3 Cr.
  • Current Price ₹ 83.9
  • High / Low ₹ 105 / 79.0
  • Stock P/E
  • Book Value ₹ 160
  • Dividend Yield 1.79 %
  • ROCE 3.26 %
  • ROE 0.69 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.52 times its book value
  • Company has been maintaining a healthy dividend payout of 46.5%
  • Debtor days have improved from 24.0 to 16.3 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 2.54% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Textiles Industry: Textiles - Jute - Yarn / Products

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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
120.31 146.48 128.64 157.22 148.82 141.29 127.98 149.59 127.41 134.62 122.54 125.75 99.70
115.50 140.53 120.68 144.34 144.04 137.18 126.28 143.37 122.02 130.94 121.08 124.40 98.92
Operating Profit 4.81 5.95 7.96 12.88 4.78 4.11 1.70 6.22 5.39 3.68 1.46 1.35 0.78
OPM % 4.00% 4.06% 6.19% 8.19% 3.21% 2.91% 1.33% 4.16% 4.23% 2.73% 1.19% 1.07% 0.78%
0.22 0.25 0.38 0.04 0.06 0.14 0.33 0.71 0.01 -0.11 0.17 0.09 0.26
Interest 1.54 1.87 1.75 1.27 1.57 1.84 1.78 2.04 1.86 1.71 2.44 2.50 2.21
Depreciation 2.20 1.74 1.98 2.05 2.11 2.38 2.04 2.11 2.00 2.28 2.11 2.17 2.18
Profit before tax 1.29 2.59 4.61 9.60 1.16 0.03 -1.79 2.78 1.54 -0.42 -2.92 -3.23 -3.35
Tax % 26.36% 39.38% 38.61% 15.94% 19.83% 633.33% 25.14% 23.74% 31.17% -19.05% 25.00% 25.39% 25.07%
0.95 1.57 2.83 8.07 0.93 -0.16 -1.34 2.12 1.06 -0.50 -2.19 -2.41 -2.51
EPS in Rs 0.88 1.46 2.63 7.49 0.86 -0.15 -1.24 1.97 0.98 -0.46 -2.03 -2.24 -2.33
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
281 278 278 234 359 359 334 369 415 419 582 547 483
271 260 268 240 342 343 325 357 396 404 552 530 475
Operating Profit 10 18 10 -6 17 17 9 11 19 14 30 17 7
OPM % 4% 6% 4% -2% 5% 5% 3% 3% 5% 3% 5% 3% 2%
1 1 1 10 0 2 3 2 1 1 1 1 0
Interest 1 1 2 4 3 3 4 6 7 7 6 7 9
Depreciation 4 4 5 7 6 5 5 6 7 8 9 8 9
Profit before tax 7 13 4 -7 9 10 3 2 6 0 15 2 -10
Tax % 30% 35% 35% 35% 35% 33% 39% 29% 17% -200% 24% 36%
5 8 3 -4 6 7 2 2 5 0 12 1 -8
EPS in Rs 4.55 7.83 2.49 -4.04 5.24 6.27 1.66 1.44 4.65 0.03 10.83 1.24 -7.06
Dividend Payout % 44% 32% 60% -12% 29% 40% 121% 105% 0% 0% 19% 121%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 10%
TTM: -12%
Compounded Profit Growth
10 Years: -17%
5 Years: -7%
3 Years: -38%
TTM: -553%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 5%
1 Year: 2%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 3%
Last Year: 1%

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 27 32 32 25 29 147 148 148 151 152 165 166 161
2 8 9 24 40 45 63 75 97 99 98 121 111
41 42 46 56 44 37 34 57 72 80 58 69 63
Total Liabilities 81 92 98 116 124 240 256 290 331 341 331 367 346
35 36 38 30 26 142 146 151 158 161 170 180 182
CWIP 1 1 0 0 1 1 3 4 7 6 3 12 11
Investments 1 1 1 1 1 1 1 0 0 0 0 0 0
44 54 59 84 96 96 106 135 167 174 158 175 153
Total Assets 81 92 98 116 124 240 256 290 331 341 331 367 346

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
18 1 10 -5 -12 15 3 2 6 23 23 12
-2 -6 -6 -2 -1 -10 -14 -6 -15 -9 -17 -25
-15 2 -4 8 13 -5 12 3 9 -12 -8 13
Net Cash Flow 1 -3 -0 1 -0 -1 1 -1 -0 2 -2 1

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 10 15 19 27 26 27 28 31 28 33 23 16
Inventory Days 62 95 98 173 107 107 124 152 176 163 99 149
Days Payable 25 35 50 115 38 34 31 66 76 78 34 51
Cash Conversion Cycle 46 74 66 85 95 100 121 118 128 118 87 114
Working Capital Days 0 17 17 39 51 58 74 77 78 81 63 71
ROCE % 17% 31% 11% -21% 17% 9% 3% 3% 5% 3% 8% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20% 67.20%
0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.59% 2.59% 2.59% 4.34% 4.34% 4.34% 4.34% 4.34% 4.34% 0.00% 0.00% 4.50%
30.21% 30.21% 30.21% 28.46% 28.46% 28.47% 28.46% 28.46% 28.45% 32.81% 32.80% 28.30%
No. of Shareholders 12,62412,65212,22711,40810,99110,88210,62910,73910,64810,37511,82111,359

* 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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