Jigar Cables Ltd

Jigar Cables Ltd

₹ 60.6 9.99%
09 Jul - close price
About

Incorporated in 2017, Jigar Cables Ltd manufactures Electric wires and cables[1]

Key Points

Business Overview:[1][2]
Company is a manufacturer of SIGMA
brand electric wires & cables in India and
is also carrying out trading of solar panel
and equipment as non-strategic activity.
JCL has a Wholly Owned Subsidiary Company under the name of Jigar Polymers Limited, for the manufacturing of PVC and XLPE for backward integration of all major raw materials required in the manufacturing of its products.

  • Market Cap 42.6 Cr.
  • Current Price 60.6
  • High / Low 75.0 / 33.8
  • Stock P/E 40.9
  • Book Value 27.3
  • Dividend Yield 0.00 %
  • ROCE 8.45 %
  • ROE 6.64 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 82.5 to 57.6 days.
  • Company's working capital requirements have reduced from 244 days to 148 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.28% over 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.

Peer comparison

Sector: Cables Industry: Cables - Power

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
7.02 6.69 6.78 7.64 6.20 6.45 12.49 15.96 16.41 26.22
6.30 6.26 6.59 7.10 5.72 5.86 11.70 14.63 15.54 25.12
Operating Profit 0.72 0.43 0.19 0.54 0.48 0.59 0.79 1.33 0.87 1.10
OPM % 10.26% 6.43% 2.80% 7.07% 7.74% 9.15% 6.33% 8.33% 5.30% 4.20%
0.20 0.25 0.60 0.13 0.22 0.10 0.07 0.06 0.02 0.20
Interest 0.26 0.25 0.25 0.10 0.22 0.21 0.23 0.17 0.20 0.14
Depreciation 0.32 0.32 0.29 0.28 0.26 0.26 0.22 0.23 0.20 0.20
Profit before tax 0.34 0.11 0.25 0.29 0.22 0.22 0.41 0.99 0.49 0.96
Tax % 0.00% 190.91% 8.00% 34.48% 18.18% 22.73% 19.51% 29.29% 26.53% 28.12%
0.34 -0.10 0.22 0.20 0.17 0.17 0.33 0.70 0.36 0.68
EPS in Rs 0.48 -0.14 0.31 0.28 0.24 0.24 0.47 1.00 0.51 0.97
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19.72 21.39 13.59 14.25 11.96 28.35 42.64
18.23 19.98 12.44 13.51 10.90 26.21 40.66
Operating Profit 1.49 1.41 1.15 0.74 1.06 2.14 1.98
OPM % 7.56% 6.59% 8.46% 5.19% 8.86% 7.55% 4.64%
0.09 0.48 0.45 0.73 0.30 0.13 0.22
Interest 0.56 0.50 0.51 0.36 0.41 0.42 0.35
Depreciation 0.54 0.73 0.63 0.56 0.53 0.45 0.40
Profit before tax 0.48 0.66 0.46 0.55 0.42 1.40 1.45
Tax % 16.67% 27.27% 45.65% 21.82% 19.05% 26.43% 28.28%
0.40 0.48 0.25 0.42 0.34 1.03 1.04
EPS in Rs 0.57 0.68 0.36 0.60 0.48 1.46 1.48
Dividend Payout % 0.00% 29.29% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 44%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 35%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 19%
1 Year: 59%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7.03 7.03 7.03 7.03 7.03 7.03 7.03
Reserves 6.29 6.60 6.84 7.26 7.60 8.63 12.17
4.36 4.31 4.14 4.79 4.41 5.64 4.89
0.59 8.71 5.01 1.02 1.29 2.01 1.29
Total Liabilities 18.27 26.65 23.02 20.10 20.33 23.31 25.38
3.77 4.79 4.12 4.06 3.68 3.31 3.13
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.50 21.86 18.90 16.04 16.65 20.00 22.25
Total Assets 18.27 26.65 23.02 20.10 20.33 23.31 25.38

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.78 3.25 -0.29 1.57 0.57 -0.06 -0.96
-5.82 -2.68 0.64 -1.54 0.23 -0.63 -0.41
8.29 -0.53 -0.92 0.20 -0.79 0.84 1.40
Net Cash Flow -0.31 0.04 -0.57 0.23 0.02 0.15 0.04

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18.69 105.11 173.50 64.80 103.15 86.65
Inventory Days 133.18 81.91 231.29 247.26 354.81 173.33
Days Payable 8.41 45.16 164.61 23.23 34.89 23.88
Cash Conversion Cycle 143.47 141.86 240.18 288.83 423.07 236.10
Working Capital Days 160.29 121.50 235.01 256.40 361.03 222.09
ROCE % 6.40% 5.34% 4.91% 4.35% 8.92%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
48.73% 48.73% 50.21% 50.21% 50.80% 44.48% 44.48% 44.48% 44.48% 44.48% 44.48% 44.48%
51.27% 51.27% 49.79% 49.79% 49.20% 55.52% 55.52% 55.52% 55.52% 55.52% 55.52% 55.52%
No. of Shareholders 233220206194191184176173171170187166

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