Jagatjit Industries Ltd

Jagatjit Industries Ltd

₹ 177 -0.25%
19 Apr - close price
About

Jagatjit Industries Limited (JIL), incorporated in 1944, manufactures an entire range of alcoholic beverages and markets malt extracts and malted milk foods. [1]

Key Points

Products
Liquor- IMFL (Indian Made Foreign Liquor), Scotch, Whisky, Rum, Gin, Vodka & Brandy.
Malted Milk Foods- milk powder, dairy whitener, baby food, malt extract powder, malted milk food (spray dried) and clarified butter or ‘pure ghee’. [1][2]

  • Market Cap 826 Cr.
  • Current Price 177
  • High / Low 256 / 95.0
  • Stock P/E 67.0
  • Book Value 15.6
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 9.01 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 11.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.89% over last 3 years.
  • Earnings include an other income of Rs.36.2 Cr.

* 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
105.79 112.01 90.31 101.62 126.42 126.91 116.54 136.65 121.86 130.86 136.66 140.25 150.39
102.40 104.24 91.54 112.01 126.43 128.22 120.13 134.53 115.04 130.69 131.92 136.92 145.75
Operating Profit 3.39 7.77 -1.23 -10.39 -0.01 -1.31 -3.59 2.12 6.82 0.17 4.74 3.33 4.64
OPM % 3.20% 6.94% -1.36% -10.22% -0.01% -1.03% -3.08% 1.55% 5.60% 0.13% 3.47% 2.37% 3.09%
6.04 13.26 8.49 18.60 5.89 19.37 9.02 8.98 8.01 16.31 6.96 7.96 4.96
Interest 7.81 7.17 6.98 7.36 7.21 7.27 7.33 7.42 8.25 7.51 6.60 6.47 6.50
Depreciation 2.35 2.23 2.41 2.55 2.45 2.55 2.51 2.54 2.50 2.46 2.46 2.44 2.48
Profit before tax -0.73 11.63 -2.13 -1.70 -3.78 8.24 -4.41 1.14 4.08 6.51 2.64 2.38 0.62
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.79 11.62 -2.16 -1.73 -3.81 8.18 -4.44 1.14 4.02 6.42 2.64 2.38 0.62
EPS in Rs -0.17 2.52 -0.47 -0.37 -0.83 1.77 -0.96 0.25 0.87 1.39 0.57 0.51 0.13
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
1,077 993 936 831 688 485 364 286 221 400 443 507 558
1,078 966 935 843 706 572 407 339 287 388 456 502 545
Operating Profit -1 28 1 -11 -18 -87 -44 -53 -67 11 -13 6 13
OPM % -0% 3% 0% -1% -3% -18% -12% -18% -30% 3% -3% 1% 2%
76 19 3 -0 5 34 33 68 76 33 52 42 36
Interest 22 23 29 31 41 49 55 73 42 30 29 31 27
Depreciation 25 18 18 12 13 13 12 10 10 9 10 10 10
Profit before tax 28 7 -43 -56 -67 -114 -78 -67 -42 5 1 7 12
Tax % -23% 24% -6% 23% 2% -0% 5% 2% -18% 0% 6% 0%
35 5 -45 -43 -66 -116 -75 -66 -45 5 0 7 12
EPS in Rs 7.61 1.12 -9.83 -9.33 -14.25 -25.09 -16.16 -14.29 -9.66 1.06 0.10 1.54 2.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: 7%
3 Years: 32%
TTM: 11%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 27%
TTM: 49%
Stock Price CAGR
10 Years: 14%
5 Years: 34%
3 Years: 70%
1 Year: 84%
Return on Equity
10 Years: -29%
5 Years: -39%
3 Years: 6%
Last Year: 9%

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 46 46 46 46 46 46 46 46 46 46 46 46 46
Reserves 320 323 274 225 156 192 116 46 -1 5 6 19 26
164 212 219 265 290 285 330 285 211 217 217 223 214
286 267 258 285 257 258 277 285 256 231 229 215 235
Total Liabilities 816 848 797 821 749 781 769 662 512 498 499 502 521
318 354 334 309 299 454 443 411 391 390 387 380 380
CWIP 5 2 6 1 0 1 0 0 0 0 0 1 1
Investments 5 6 5 4 5 4 3 9 6 6 6 6 4
488 486 452 506 444 323 322 242 115 102 106 116 136
Total Assets 816 848 797 821 749 781 769 662 512 498 499 502 521

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
-13 -24 12 6 19 10 8 50 16 25 14 12
62 -29 -5 -22 2 30 20 65 33 -5 10 20
-32 20 -17 15 -19 -43 -22 -118 -48 -26 -28 -24
Net Cash Flow 17 -34 -11 -1 1 -3 6 -2 1 -5 -4 9

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 67 82 85 103 100 106 135 102 47 19 26 18
Inventory Days 103 106 82 95 109 184 182 193 167 64 54 55
Days Payable 99 104 96 127 131 302 387 428 270 106 81 61
Cash Conversion Cycle 71 84 71 72 78 -12 -70 -133 -56 -24 -1 12
Working Capital Days 43 58 56 71 59 8 -56 -124 -201 -76 -51 -45
ROCE % -4% 3% -3% -4% -5% -13% -5% -1% -9% 12% 11% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.13% 88.02% 88.02% 88.02% 87.55%
7.06% 10.01% 10.12% 9.99% 10.01% 0.04% 0.04% 0.04% 0.01% 0.01% 0.01% 0.03%
18.22% 15.27% 15.16% 15.29% 15.26% 25.23% 25.23% 25.83% 11.95% 11.95% 11.94% 12.42%
No. of Shareholders 3,6293,7984,0844,1724,1634,2554,2104,2714,5846,0249,15511,741

* 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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