John Cockerill India Ltd
John Cockerill India Ltd, incorporated in 1986, has been engaged in the designing, manufacturing, and commissioning of cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces and auxiliary equipment for ferrous and non-ferrous industries worldwide. The Co. is part of the John Cockerill Group (previously known as the CMI group) headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra and has a global footprint across Asia, Africa, Middle East, Europe, North America and South America. The Co. was previously known as CMI FPE Limited and the name was changed to John Cockerill India Limited on June 16, 2020 [1] [2]
- Market Cap ₹ 1,729 Cr.
- Current Price ₹ 3,500
- High / Low ₹ 3,659 / 1,470
- Stock P/E 55.0
- Book Value ₹ 407
- Dividend Yield 0.20 %
- ROCE 11.1 %
- ROE 8.01 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 150 to 101 days.
Cons
- Stock is trading at 8.59 times its book value
- The company has delivered a poor sales growth of 9.64% over past five years.
- Company has a low return on equity of -0.80% over last 3 years.
- Dividend payout has been low at 13.5% of profits over last 3 years
* 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: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 352 | 533 | 443 | 219 | 205 | 153 | 305 | 496 | 372 | 198 | 383 | 484 | 859 | |
| 335 | 535 | 469 | 228 | 201 | 153 | 300 | 465 | 348 | 225 | 369 | 475 | 822 | |
| Operating Profit | 17 | -2 | -26 | -8 | 4 | -0 | 5 | 32 | 23 | -27 | 14 | 9 | 37 |
| OPM % | 5% | -0% | -6% | -4% | 2% | -0% | 2% | 6% | 6% | -13% | 4% | 2% | 4% |
| 6 | 8 | 15 | 27 | 23 | 14 | 15 | 21 | 14 | 2 | 2 | 14 | 10 | |
| Interest | 2 | 3 | 7 | 4 | 2 | 1 | 1 | 0 | 3 | 0 | 7 | 2 | 2 |
| Depreciation | 4 | 5 | 8 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 6 |
| Profit before tax | 16 | -2 | -26 | 8 | 20 | 8 | 13 | 47 | 29 | -30 | 4 | 16 | 39 |
| Tax % | 33% | 48% | 14% | -19% | 33% | 26% | 49% | 25% | 18% | 4% | -5% | 20% | |
| 11 | -1 | -22 | 9 | 13 | 6 | 7 | 35 | 24 | -29 | 5 | 13 | 31 | |
| EPS in Rs | 22.20 | -2.00 | -45.18 | 19.18 | 26.57 | 11.73 | 13.61 | 71.08 | 48.10 | -58.85 | 9.40 | 26.10 | 63.66 |
| Dividend Payout % | 23% | 0% | 0% | 0% | 0% | 0% | 29% | 14% | 10% | 0% | 21% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| TTM: | 142% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 15% |
| 3 Years: | -15% |
| TTM: | 4889% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 22% |
| 3 Years: | 64% |
| 1 Year: | 132% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 6% |
| 3 Years: | -1% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 147 | 146 | 123 | 134 | 146 | 147 | 153 | 186 | 202 | 170 | 175 | 187 | 196 |
| 4 | 68 | 34 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 268 | 321 | 239 | 190 | 133 | 128 | 257 | 397 | 243 | 283 | 160 | 658 | 703 | |
| Total Liabilities | 423 | 540 | 401 | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 905 |
| 33 | 62 | 61 | 71 | 68 | 63 | 60 | 60 | 58 | 54 | 51 | 50 | 52 | |
| CWIP | 15 | 6 | 6 | 1 | 1 | 0 | 2 | 1 | 1 | 0 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 375 | 471 | 334 | 282 | 214 | 217 | 353 | 528 | 392 | 404 | 289 | 799 | 853 | |
| Total Assets | 423 | 540 | 401 | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 905 |
Cash Flows
Figures in Rs. Crores
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -26 | -50 | 36 | 31 | -10 | 60 | 90 | -38 | -58 | -21 | 26 | 71 | |
| -22 | -24 | -1 | -3 | 19 | 1 | -29 | 26 | -0 | 2 | -19 | -7 | |
| -8 | 60 | -39 | -11 | -27 | -0 | -0 | -2 | -6 | -3 | -0 | -1 | |
| Net Cash Flow | -56 | -14 | -4 | 17 | -18 | 61 | 60 | -14 | -64 | -22 | 7 | 62 |
Ratios
Figures in Rs. Crores
| 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 | 181 | 144 | 219 | 217 | 98 | 108 | 79 | 76 | 235 | 115 | 101 |
| Inventory Days | 33 | 19 | 18 | 54 | 74 | 99 | 26 | 13 | 25 | 40 | 13 | 26 |
| Days Payable | 100 | 142 | 104 | 153 | 212 | 192 | 99 | 91 | 160 | 319 | 99 | 305 |
| Cash Conversion Cycle | 93 | 58 | 58 | 120 | 79 | 5 | 35 | 1 | -59 | -44 | 29 | -179 |
| Working Capital Days | 66 | 80 | 58 | 77 | 132 | 10 | -39 | -0 | 50 | 144 | 40 | -1 |
| ROCE % | 12% | 1% | -10% | 3% | 5% | 5% | 10% | 27% | 16% | -15% | 9% | 11% |
Documents
Announcements
- Closure of Trading Window 3m
- Board Meeting Intimation for The Un-Audited Financial Results Of The Company For The Quarter Ended March 31, 2024 8m
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13m - Requirements of SEBI (LODR) Regulations, 2015, please find enclosed herewith the soft copy of the newspaper cutting for the advertisement published for the purpose of …
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Intimation Of Change In E-Mail Id Of The Company
1d - The e-mail Id of the Company has been changed from investors@johncockerillindia.com to investors@johncockerill.com. Kindly take the same on record and acknowledge teh receipt.
- Book Closure For AGM And Determining The Names Of The Members Eligible For Dividend On The Equity Shares Of The Company, If Declared 1d
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Products and Services
The company offers products and services like the installation of cold-rolling mills, galvanizing lines, color-coating lines, tension-leveling lines, skin-pass mills, acid regeneration plants, wet-flux lines, and pickling lines for ferrous and non-ferrous industries worldwide. [1]