Ludlow Jute & Specialities Ltd

Ludlow Jute & Specialities Ltd

₹ 84.5 0.74%
19 Apr - close price
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

  • Market Cap 91.0 Cr.
  • Current Price 84.5
  • High / Low 105 / 79.0
  • Stock P/E 52.0
  • Book Value 148
  • Dividend Yield 1.78 %
  • ROCE 3.31 %
  • ROE 1.10 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.57 times its book value
  • Company has been maintaining a healthy dividend payout of 62.6%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.73% over past five years.
  • Company has a low return on equity of 4.77% over last 3 years.
  • Contingent liabilities of Rs.30.6 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.62 Cr.

* 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

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
130 154 169 191 316 284 278 278 234 359 359 334
128 151 164 185 290 272 260 268 240 342 343 325
Operating Profit 2 2 5 6 26 12 18 10 -6 17 17 9
OPM % 2% 1% 3% 3% 8% 4% 6% 4% -2% 5% 5% 3%
2 5 3 6 1 1 1 1 11 1 2 4
Interest 1 1 1 3 3 2 1 2 4 3 3 4
Depreciation 1 2 2 3 3 4 4 5 7 6 5 5
Profit before tax 2 4 4 6 22 7 13 4 -7 9 10 3
Tax % 33% 32% 45% 40% 33% 29% 35% 35% 35% 35% 33% 39%
1 3 2 3 15 5 9 3 -4 6 7 2
EPS in Rs 1.32 2.72 2.13 3.10 13.50 4.59 7.88 2.52 -4.00 5.27 6.28 1.68
Dividend Payout % 0% 37% 47% 48% 19% 44% 32% 60% -13% 29% 40% 119%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 13%
TTM: -7%
Compounded Profit Growth
10 Years: -5%
5 Years: -27%
3 Years: 29%
TTM: -74%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 5%
1 Year: 1%
Return on Equity
10 Years: 7%
5 Years: 1%
3 Years: 5%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 14 14 15 15 26 28 32 32 25 29 148 148
0 5 5 27 11 1 8 9 24 40 45 63
24 48 53 64 50 42 43 47 57 45 38 35
Total Liabilities 50 79 84 117 98 81 94 99 117 125 242 257
20 26 28 33 35 35 37 38 31 26 142 146
CWIP 0 1 1 2 1 1 1 0 0 1 1 3
Investments 4 2 2 2 2 0 0 0 0 0 0 0
26 49 52 79 59 45 56 61 86 98 98 108
Total Assets 50 79 84 117 98 81 94 99 117 125 242 257

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
3 2 8 -8 24 18 1 10 -5 -12 14 3
-3 -7 -5 -8 -3 -1 -6 -6 -2 -1 -9 -14
-1 4 -2 18 -21 -15 2 -4 8 13 -5 12
Net Cash Flow -1 -2 1 1 -1 2 -2 -0 1 -0 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Debtor Days 15 20 20 14 12 10 15 19 27 26 27 28
Inventory Days 77 182 178 216 74 62 95 98 173 107 107 124
Days Payable 81 166 175 154 66 25 35 50 115 38 34 31
Cash Conversion Cycle 10 36 23 76 20 46 74 66 85 95 100 121
Working Capital Days -2 -1 -8 21 8 0 17 17 39 51 58 74
ROCE % 12% 19% 18% 21% 49% 20% 31% 11% -20% 17% 9% 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.

Click on the line-items to see the names of individual entities.

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