Ludlow Jute & Specialities Ltd

₹ 83.2 0.48%
18 Aug - close price
About

Ludlow Jute & Specialities Ltd is engaged in manufacturing and sale of products made of jute such as fabrics, special yarn, scrim, jute soil saver, etc.

It was founded in 1921 by Ludlow Corp, USA. In 1977, it was taken over by the Kanoria Family in 1977. Kanoria Group has interests in renewable energy, manufacturing, marketing and distribution of chemicals, design and production of automotive components, integrated textiles manufacturing and IT services with a presence in 8 countries.[1]

Key Points

Product Portfolio
The company's product portfolio includes jute yarn, jute cotton bags, jute geotextiles, jute hessian bags, lifestyle products, jute tape/ webbing, jute sacking bags, and other jute items.[1]

  • Market Cap 89.7 Cr.
  • Current Price 83.2
  • High / Low 118 / 73.6
  • Stock P/E 12.0
  • Book Value 163
  • Dividend Yield 2.40 %
  • ROCE 8.15 %
  • ROE 6.90 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.51 times its book value

Cons

  • Company has a low return on equity of 3.40% for 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
94.39 104.72 109.38 106.33 47.69 104.14 120.31 146.48 128.64 157.22 148.82 139.31 127.98
90.40 97.88 103.54 103.69 48.98 99.40 115.50 140.53 120.68 144.34 144.04 135.20 126.28
Operating Profit 3.99 6.84 5.84 2.64 -1.29 4.74 4.81 5.95 7.96 12.88 4.78 4.11 1.70
OPM % 4.23% 6.53% 5.34% 2.48% -2.70% 4.55% 4.00% 4.06% 6.19% 8.19% 3.21% 2.95% 1.33%
0.33 -0.01 0.47 0.22 0.11 0.09 0.22 0.25 0.38 0.04 0.06 0.14 0.33
Interest 1.62 1.67 1.67 2.25 2.12 1.79 1.54 1.87 1.75 1.27 1.57 1.84 1.78
Depreciation 1.62 1.78 1.79 1.88 1.64 1.97 2.20 1.74 1.98 2.05 2.11 2.38 2.04
Profit before tax 1.08 3.38 2.85 -1.27 -4.94 1.07 1.29 2.59 4.61 9.60 1.16 0.03 -1.79
Tax % 20.37% 15.98% 22.81% 29.92% 34.62% 30.84% 26.36% 39.38% 38.61% 15.94% 19.83% 633.33% 25.14%
Net Profit 0.86 2.84 2.20 -0.89 -3.23 0.74 0.95 1.57 2.83 8.07 0.93 -0.16 -1.34
EPS in Rs 0.80 2.64 2.04 -0.83 -3.00 0.69 0.88 1.46 2.63 7.49 0.86 -0.15 -1.24

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
319 281 278 278 234 359 359 334 369 415 419 574 573
293 271 260 268 240 342 343 325 357 396 404 544 550
Operating Profit 26 10 18 10 -6 17 17 9 11 19 14 30 23
OPM % 8% 4% 6% 4% -2% 5% 5% 3% 3% 5% 3% 5% 4%
1 1 1 1 10 0 2 3 2 1 1 1 1
Interest 3 1 1 2 4 3 3 4 6 7 7 6 6
Depreciation 3 4 4 5 7 6 5 5 6 7 8 9 9
Profit before tax 22 7 13 4 -7 9 10 3 2 6 0 15 9
Tax % 33% 30% 35% 35% 35% 35% 33% 39% 29% 17% -200% 24%
Net Profit 15 5 8 3 -4 6 7 2 2 5 0 12 8
EPS in Rs 13.49 4.55 7.83 2.49 -4.04 5.24 6.27 1.66 1.44 4.65 0.03 10.83 6.96
Dividend Payout % 19% 44% 32% 60% -12% 29% 40% 121% 105% 0% 0% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 16%
TTM: 15%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 123%
TTM: 23%
Stock Price CAGR
10 Years: 11%
5 Years: 0%
3 Years: 19%
1 Year: -6%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 3%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 11 11 11 11 11 11 11 11 11 11 11
Reserves 26 27 32 32 25 29 147 148 148 151 152 165
11 2 8 9 24 40 45 63 75 97 99 98
50 41 42 46 56 44 37 34 57 72 80 58
Total Liabilities 98 81 92 98 116 124 240 256 290 331 341 331
35 35 36 38 30 26 142 146 151 158 161 170
CWIP 1 1 1 0 0 1 1 3 4 7 6 3
Investments 3 1 1 1 1 1 1 1 0 0 0 0
59 44 54 59 84 96 96 106 135 167 174 158
Total Assets 98 81 92 98 116 124 240 256 290 331 341 331

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
24 18 1 10 -5 -12 15 3 2 6 23 23
-3 -2 -6 -6 -2 -1 -10 -14 -6 -15 -9 -17
-21 -15 2 -4 8 13 -5 12 3 9 -12 -8
Net Cash Flow -1 1 -3 -0 1 -0 -1 1 -1 -0 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 12 10 15 19 27 26 27 28 31 28 33 23
Inventory Days 74 62 95 98 173 107 107 124 152 176 163 99
Days Payable 66 25 35 50 115 38 34 31 66 76 78 34
Cash Conversion Cycle 20 46 74 66 85 95 100 121 118 128 118 87
Working Capital Days 8 0 17 17 39 51 58 74 77 78 72 64
ROCE % 49% 17% 31% 11% -21% 17% 9% 3% 3% 5% 3% 8%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
67.20 67.20 67.20 67.20 67.20 67.20 67.20 67.20 67.20 67.20 67.20 67.20
0.00 0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00
2.24 2.24 2.24 2.24 2.41 2.59 2.59 2.59 2.59 2.59 4.34 4.34
30.56 30.53 30.56 30.56 30.39 30.21 30.21 30.21 30.21 30.21 28.46 28.46

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