Jhaveri Credits & Capital Ltd

Jhaveri Credits & Capital Ltd

₹ 322 2.00%
18 Jun - close price
About

Incorporated in1993, Jhaveri Credits & Capital Ltd provides broking platform for dealing in various Commodities in spot and future markets[1]

Key Points

Memberships:[1]
Company is a broking member of Commodity Exchange viz. Multi Commodity Exchange Of India Limited and National Spot Exchange Ltd.
On 14th March 2023, company's application for surrender of Self-Clearing Membership was approved. Currently, company has decided to consider Financing, Investment & Broking advisory business

  • Market Cap 289 Cr.
  • Current Price 322
  • High / Low 527 / 78.7
  • Stock P/E 180
  • Book Value 95.0
  • Dividend Yield 0.00 %
  • ROCE 5.54 %
  • ROE 3.44 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.39 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -21.2%
  • Company has a low return on equity of 4.17% over last 3 years.
  • Working capital days have increased from 39.0 days to 111 days

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3.49 0.10 0.10 0.19 8.66 0.07 0.10 0.13 11.32 0.10 0.23 1.41 4.91
3.55 0.21 0.20 0.07 8.56 0.12 0.10 0.08 10.44 0.08 0.07 0.04 3.74
Operating Profit -0.06 -0.11 -0.10 0.12 0.10 -0.05 0.00 0.05 0.88 0.02 0.16 1.37 1.17
OPM % -1.72% -110.00% -100.00% 63.16% 1.15% -71.43% 0.00% 38.46% 7.77% 20.00% 69.57% 97.16% 23.83%
0.08 0.04 0.07 0.31 0.11 0.00 0.03 0.04 0.10 0.00 0.20 0.05 -0.03
Interest 0.00 0.03 0.04 0.06 0.07 0.06 0.04 0.08 0.06 0.00 0.00 0.00 0.03
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.13
Profit before tax 0.02 -0.10 -0.07 0.37 0.14 -0.11 -0.01 0.01 0.92 0.02 0.36 1.40 0.98
Tax % 1,950.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.09% -50.00% 2.78% 25.00% 63.27%
-0.37 -0.10 -0.07 0.37 0.13 -0.11 -0.01 0.01 0.93 0.02 0.34 1.06 0.35
EPS in Rs -0.57 -0.15 -0.11 0.57 0.20 -0.17 -0.02 0.02 1.44 0.03 0.53 1.64 0.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4.65 3.05 1.75 1.95 1.59 1.27 0.78 0.55 3.62 9.58 11.71 26.20
4.11 2.69 1.72 1.84 1.44 1.08 1.19 0.79 3.63 9.05 10.74 23.67
Operating Profit 0.54 0.36 0.03 0.11 0.15 0.19 -0.41 -0.24 -0.01 0.53 0.97 2.53
OPM % 11.61% 11.80% 1.71% 5.64% 9.43% 14.96% -52.56% -43.64% -0.28% 5.53% 8.28% 9.66%
0.17 0.16 0.13 0.02 0.02 0.07 0.00 0.00 0.01 0.01 0.09 0.22
Interest 0.38 0.10 0.08 0.09 0.07 0.05 0.04 0.00 0.00 0.20 0.24 0.03
Depreciation 0.06 0.04 0.04 0.04 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.13
Profit before tax 0.27 0.38 0.04 0.00 0.08 0.20 -0.46 -0.25 0.00 0.34 0.82 2.59
Tax % 25.93% 34.21% 25.00% 125.00% 20.00% -2.17% -4.00% 17.65% 4.88% 37.84%
0.20 0.25 0.03 0.01 -0.02 0.16 -0.47 -0.26 -0.39 0.27 0.79 1.61
EPS in Rs 0.31 0.39 0.05 0.02 -0.03 0.25 -0.73 -0.40 -0.60 0.42 1.22 1.79
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 24%
5 Years: 102%
3 Years: 93%
TTM: 124%
Compounded Profit Growth
10 Years: 20%
5 Years: 41%
3 Years: 83%
TTM: 127%
Stock Price CAGR
10 Years: 49%
5 Years: 150%
3 Years: 309%
1 Year: 286%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6.46 6.46 6.46 6.46 6.46 6.46 6.46 6.46 6.46 6.46 6.46 8.99
Reserves 1.46 1.71 1.75 1.75 1.73 1.89 1.42 1.16 0.77 1.04 1.83 76.37
0.94 0.49 0.47 0.46 0.44 0.00 0.00 0.00 0.00 3.18 0.00 0.93
8.34 5.05 4.63 4.11 3.61 2.60 2.42 1.48 1.73 1.26 0.82 1.37
Total Liabilities 17.20 13.71 13.31 12.78 12.24 10.95 10.30 9.10 8.96 11.94 9.11 87.66
0.28 0.20 0.16 0.14 0.12 0.08 0.08 0.04 0.04 0.03 0.03 1.35
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.82 1.82 1.82 0.81 0.93 1.06 0.76 0.76 1.18 6.86 0.00 1.54
15.10 11.69 11.33 11.83 11.19 9.81 9.46 8.30 7.74 5.05 9.08 84.77
Total Assets 17.20 13.71 13.31 12.78 12.24 10.95 10.30 9.10 8.96 11.94 9.11 87.66

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.74 -1.47 3.91 -5.85 1.87 -1.47 -0.29 -1.33 -0.87 4.92 1.72 -7.88
0.58 0.32 0.18 1.19 0.11 0.08 0.42 0.14 -0.41 -5.67 6.88 74.00
-1.68 -0.46 -0.06 -0.06 -0.04 -0.46 0.00 0.00 -0.26 0.92 -8.73 9.53
Net Cash Flow 1.64 -1.61 4.04 -4.72 1.95 -1.85 0.14 -1.18 -1.54 0.17 -0.14 75.65

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 247.26 787.44 425.49 355.64 351.23 422.48 711.28 962.27 181.49 43.82 0.00 0.00
Inventory Days 1,749.59 740.74 458.15 0.00 0.00 121.93
Days Payable 968.31 3,896.91 160.30 0.00
Cash Conversion Cycle 1,028.54 -2,368.73 425.49 355.64 351.23 422.48 711.28 962.27 479.34 43.82 0.00 121.93
Working Capital Days 91.84 356.62 -179.37 1,169.87 922.83 1,551.97 2,339.74 3,397.82 556.57 25.15 -19.01 110.75
ROCE % 6.87% 5.48% 1.38% 1.04% 1.73% 2.36% -5.05% -2.97% 0.00% 6.03% 10.23%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.76% 61.76% 61.76% 61.76% 61.76% 61.76% 62.25% 62.25% 62.25% 74.25% 74.25% 53.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.51%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.78%
38.24% 38.24% 38.24% 38.24% 38.24% 38.24% 37.74% 37.75% 37.76% 25.74% 25.74% 42.71%
No. of Shareholders 1,8601,8791,9661,9861,9672,0572,1372,1842,1452,1952,3972,956

* 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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