Joindre Capital Services Ltd

Joindre Capital Services Ltd

₹ 48.0 -0.62%
25 Apr 4:01 p.m.
About

Incorporated in 1995, Joindre Capital Services Ltd is engaged in business of stock broking, proprietary trading & allied activities

Key Points

Registrations:[1]
Company is registered with SEBI under the Stock Brokers and Sub-Brokers Regulations. Company has a Trading-cum-Clearing Membership of BSE Ltd in their Cash and Derivative segment and NSE Ltd in their Cash, Derivative, Currency Derivative segment. Company is also registered with CDSL as a Depository Participant.

  • Market Cap 66.4 Cr.
  • Current Price 48.0
  • High / Low 71.4 / 29.0
  • Stock P/E 12.8
  • Book Value 53.5
  • Dividend Yield 2.60 %
  • ROCE 6.56 %
  • ROE 4.35 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.90 times its book value
  • Company has been maintaining a healthy dividend payout of 42.1%

Cons

  • The company has delivered a poor sales growth of -1.73% over past five years.
  • Company has a low return on equity of 6.29% over last 3 years.
  • Contingent liabilities of Rs.30.3 Cr.
  • Debtor days have increased from 91.3 to 130 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
6.52 8.39 10.13 9.20 9.41 8.81 7.33 7.64 7.28 6.73 7.00 10.26 10.84
5.42 6.40 7.23 7.04 7.42 7.38 5.87 6.21 6.08 5.65 5.48 7.60 8.15
Operating Profit 1.10 1.99 2.90 2.16 1.99 1.43 1.46 1.43 1.20 1.08 1.52 2.66 2.69
OPM % 16.87% 23.72% 28.63% 23.48% 21.15% 16.23% 19.92% 18.72% 16.48% 16.05% 21.71% 25.93% 24.82%
0.00 0.00 0.00 0.00 0.50 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.11 0.17 0.22 0.18 0.22 0.08 0.12 0.17 0.08 0.06 0.15 0.05 0.06
Depreciation 0.04 0.04 0.04 0.02 0.13 0.12 0.12 0.12 0.13 0.11 0.13 0.13 0.14
Profit before tax 0.95 1.78 2.64 1.96 2.14 1.30 1.22 1.14 0.99 0.91 1.24 2.48 2.49
Tax % 28.42% 30.34% 19.70% 21.43% 21.96% 26.92% 23.77% 28.07% 26.26% 35.16% 28.23% 26.61% 25.30%
0.67 1.25 2.13 1.53 1.67 0.95 0.93 0.82 0.74 0.59 0.90 1.82 1.86
EPS in Rs 0.48 0.90 1.54 1.11 1.21 0.69 0.67 0.59 0.53 0.43 0.65 1.32 1.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
20.66 17.88 17.22 25.90 21.97 24.47 31.62 23.28 20.83 28.20 37.56 28.98 34.83
16.72 15.19 13.67 19.55 18.18 20.17 24.55 19.86 18.74 22.85 28.74 23.55 26.88
Operating Profit 3.94 2.69 3.55 6.35 3.79 4.30 7.07 3.42 2.09 5.35 8.82 5.43 7.95
OPM % 19.07% 15.04% 20.62% 24.52% 17.25% 17.57% 22.36% 14.69% 10.03% 18.97% 23.48% 18.74% 22.83%
0.00 0.00 0.05 0.00 -0.01 4.21 0.47 0.60 0.07 0.00 0.57 0.00 0.00
Interest 0.90 0.64 0.46 0.64 0.62 0.44 0.41 0.39 0.44 0.59 1.05 0.70 0.32
Depreciation 0.34 0.29 0.24 0.23 0.20 0.13 0.09 0.20 0.14 0.16 0.31 0.47 0.51
Profit before tax 2.70 1.76 2.90 5.48 2.96 7.94 7.04 3.43 1.58 4.60 8.03 4.26 7.12
Tax % 32.59% 32.39% 31.03% 30.84% 32.09% 32.12% 15.34% 27.41% 26.58% 28.91% 21.79% 27.70%
1.82 1.19 2.00 3.78 2.01 5.39 5.96 2.49 1.17 3.26 6.27 3.08 5.17
EPS in Rs 1.32 0.86 1.45 2.73 1.45 3.90 4.31 1.80 0.85 2.36 4.53 2.23 3.74
Dividend Payout % 0.00% 0.00% 0.00% 27.46% 41.31% 19.26% 17.42% 41.69% 70.97% 42.45% 27.59% 56.17%
Compounded Sales Growth
10 Years: 5%
5 Years: -2%
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: 10%
5 Years: -12%
3 Years: 38%
TTM: 50%
Stock Price CAGR
10 Years: 21%
5 Years: 23%
3 Years: 41%
1 Year: 53%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 6%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84 13.84
Reserves 26.75 27.95 29.95 32.37 33.39 37.53 43.49 47.05 46.49 50.89 55.96 57.90 60.15
0.00 0.00 0.00 0.00 0.82 0.00 0.00 0.00 0.00 9.50 5.12 4.45 1.10
25.01 18.49 17.66 21.93 18.90 20.98 26.30 26.91 32.12 42.80 57.35 35.74 99.30
Total Liabilities 65.60 60.28 61.45 68.14 66.95 72.35 83.63 87.80 92.45 117.03 132.27 111.93 174.39
1.07 1.07 0.84 0.50 0.50 0.41 0.44 0.47 0.50 0.43 1.90 1.78 1.62
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 0.00
Investments 1.31 1.31 3.62 4.42 4.44 4.45 3.43 5.20 6.67 9.64 7.67 15.83 8.84
63.22 57.90 56.99 63.22 62.01 67.49 79.76 82.13 85.28 106.96 122.70 94.32 163.93
Total Assets 65.60 60.28 61.45 68.14 66.95 72.35 83.63 87.80 92.45 117.03 132.27 111.93 174.39

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3.14 -5.55 -0.22 3.94 -6.48 1.69 3.26 -2.62 0.54 21.60 9.56 -27.12
4.65 3.58 3.29 -2.41 4.62 7.96 -4.72 5.03 2.21 3.99 8.83 -2.69
-2.19 -0.64 -0.46 -0.64 -1.05 -2.26 -1.50 -1.48 -1.53 -1.25 -2.09 -2.16
Net Cash Flow -0.68 -2.61 2.61 0.88 -2.91 7.39 -2.96 0.93 1.22 24.34 16.30 -31.97

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 160.95 146.16 82.67 57.08 92.70 55.34 106.54 105.05 154.20 93.06 50.53 130.23
Inventory Days
Days Payable
Cash Conversion Cycle 160.95 146.16 82.67 57.08 92.70 55.34 106.54 105.05 154.20 93.06 50.53 130.23
Working Capital Days -250.16 -208.63 -241.43 -232.95 -198.86 -242.09 -182.73 -122.76 -187.14 -297.18 -391.82 -164.87
ROCE % 9.07% 5.82% 7.73% 13.60% 7.62% 16.86% 13.71% 6.46% 3.33% 7.71% 12.18% 6.56%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.71% 63.71% 63.71% 63.71% 63.71% 63.72% 63.72% 63.72% 63.72% 63.72% 63.68% 63.68%
36.29% 36.29% 36.29% 36.29% 36.29% 36.30% 36.30% 36.30% 36.29% 36.29% 36.32% 36.33%
No. of Shareholders 2,8602,9843,0062,8973,0023,0723,0903,0793,0143,6623,4443,742

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