Jigar Cables Ltd

About [ edit ]

Jigar Cables is one of the largest manufactures of "SIGMA" brand electric wires & cables in India. The Company has an experience of manufacturing wires and cables for more than 20 years, with the help of advance technology and skillful employers. The Company has emerged as a pioneer in the electrical field.(Source : 201903 Annual Report Page No: 2)

  • Market Cap 26.7 Cr.
  • Current Price 38.0
  • High / Low 39.9 / 20.0
  • Stock P/E 74.1
  • Book Value 19.5
  • Dividend Yield 0.00 %
  • ROCE 4.13 %
  • ROE 2.63 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -6.32%
  • Company has a low return on equity of 2.33% for last 3 years.
  • Earnings include an other income of Rs.0.45 Cr.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1.12 19.66 20.17 12.07 13.47
0.99 18.48 19.23 11.37 12.84
Operating Profit 0.13 1.18 0.94 0.70 0.63
OPM % 11.61% 6.00% 4.66% 5.80% 4.68%
Other Income 0.02 0.15 0.50 0.50 0.45
Interest 0.12 0.53 0.40 0.37 0.21
Depreciation 0.03 0.39 0.49 0.43 0.39
Profit before tax 0.00 0.41 0.55 0.40 0.48
Tax % 14.63% 25.45% 47.50% 25.00%
Net Profit 0.03 0.35 0.41 0.20 0.36
EPS in Rs 0.07 0.50 0.58 0.28 0.51
Dividend Payout % 0.00% 0.00% 34.29% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:-12%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:0%
TTM:80%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:5%
1 Year:59%
Return on Equity
10 Years:%
5 Years:%
3 Years:2%
Last Year:3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4.50 7.03 7.03 7.03
Reserves 0.83 6.24 6.48 6.68
Borrowings 5.07 3.41 2.89 2.98
0.43 0.36 2.07 4.46
Total Liabilities 10.83 17.04 18.47 21.15
1.11 2.55 2.63 2.16
CWIP 0.26 0.00 0.00 0.00
Investments 0.05 0.05 1.05 1.05
9.41 14.44 14.79 17.94
Total Assets 10.83 17.04 18.47 21.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0.77 -3.42 3.19 -0.46 0.31
-0.12 -4.46 -2.50 0.61 -0.36
0.45 7.48 -0.64 -0.68 0.19
Net Cash Flow -0.43 -0.39 0.05 -0.53 0.14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 7.02% 5.62% 4.59%
Debtor Days 668.08 44.56 83.79 141.22
Inventory Turnover 3.36 4.46 2.31

Shareholding Pattern

Numbers in percentages

Sep 2017 Mar 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
48.73 48.73 48.73 48.73 50.21 50.21 50.80 44.48
51.27 51.27 51.27 51.27 49.79 49.79 49.20 55.52

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