Jai Corp Ltd

Jai Corp Ltd

₹ 293 -1.51%
19 Apr 9:42 a.m.
About

Jai Corp Ltd, incorporated in 1985, is engaged in the manufacturing businesses of Steel, Plastic Processing and Spinning yarn. It is also involved in Investment Advisory Services, Development of Land and Buildings.[1][2]

Key Points

Products and Services
The offerings of the Co. include Infrastructure Development [1], Venture Capital [2], Poly Woven Products, Geo Textiles, Woven Sacks, FIBC Bags [3], Steel Products, Spinning Segment and Masterbatches. [4]

  • Market Cap 5,230 Cr.
  • Current Price 293
  • High / Low 424 / 144
  • Stock P/E 143
  • Book Value 81.0
  • Dividend Yield 0.17 %
  • ROCE 3.31 %
  • ROE -12.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.67 times its book value
  • The company has delivered a poor sales growth of 0.20% over past five years.
  • Company has a low return on equity of -1.94% 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: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
138 186 187 179 168 195 145 130 125 116 118 107
120 172 170 165 158 177 141 120 113 109 105 95
Operating Profit 18 14 17 14 10 17 4 10 11 7 13 12
OPM % 13% 7% 9% 8% 6% 9% 3% 8% 9% 6% 11% 11%
8 7 4 5 12 6 7 5 -43 6 6 7
Interest 3 2 1 1 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 19 15 17 15 18 20 8 11 -35 10 16 16
Tax % 27% 25% 26% 29% 2% 29% 63% 28% -12% 43% 27% 26%
14 12 13 11 18 14 3 8 -39 6 12 12
EPS in Rs 0.79 0.65 0.71 0.60 0.98 0.80 0.17 0.47 -2.19 0.31 0.65 0.67
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
683 695 748 706 669 695 588 636 527 472 720 594 465
586 583 629 616 581 616 525 565 481 423 665 551 422
Operating Profit 97 113 119 90 88 79 63 71 45 48 55 44 43
OPM % 14% 16% 16% 13% 13% 11% 11% 11% 9% 10% 8% 7% 9%
121 65 51 23 18 21 26 -123 35 112 27 -26 -23
Interest 3 3 3 2 83 78 52 34 25 16 4 0 0
Depreciation 18 18 18 23 18 17 18 18 15 14 13 13 13
Profit before tax 197 157 149 87 5 5 18 -104 40 130 66 5 7
Tax % 30% 32% 33% 34% 366% 465% 106% -4% 17% 29% 20% 383%
137 107 100 52 -14 -18 -1 -108 34 93 53 -14 -10
EPS in Rs 7.70 5.98 5.58 2.94 -0.79 -1.02 -0.11 -6.06 1.88 5.19 2.95 -0.76 -0.56
Dividend Payout % 6% 8% 9% 17% -63% -49% -470% -8% 27% 10% 17% -66%
Compounded Sales Growth
10 Years: -2%
5 Years: 0%
3 Years: 4%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -16%
Stock Price CAGR
10 Years: 15%
5 Years: 18%
3 Years: 54%
1 Year: 102%
Return on Equity
10 Years: 1%
5 Years: -1%
3 Years: -2%
Last Year: -12%

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 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 2,338 2,237 2,295 2,253 1,157 1,218 1,104 1,016 1,048 1,139 1,197 1,178 1,428
Preference Capital 1 1 1 1 0 0 621 231 470 238 236 236
49 45 41 27 904 923 1 349 0 92 0 3 0
87 63 54 63 109 97 718 304 529 292 298 289 63
Total Liabilities 2,492 2,362 2,409 2,361 2,188 2,256 1,840 1,687 1,594 1,541 1,512 1,488 1,509
222 223 219 206 183 275 274 279 256 230 224 225 218
CWIP 12 7 7 6 10 6 20 6 6 1 0 1 1
Investments 1,410 1,194 1,170 1,163 1,208 1,269 838 814 748 699 722 805 834
848 938 1,012 986 787 706 708 587 585 611 567 458 456
Total Assets 2,492 2,362 2,409 2,361 2,188 2,256 1,840 1,687 1,594 1,541 1,512 1,488 1,509

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
28 -1 57 79 71 86 48 71 61 -5 91 72
605 220 27 59 15 -47 515 2 74 170 4 -60
-637 -223 -60 -149 -96 -39 -559 -78 -135 -158 -98 -17
Net Cash Flow -4 -4 23 -11 -10 -1 4 -5 0 7 -3 -5

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 60 57 54 45 41 41 49 38 48 47 33 32
Inventory Days 146 148 138 169 222 171 220 193 206 293 156 182
Days Payable 25 9 8 13 21 4 8 7 4 6 5 4
Cash Conversion Cycle 181 197 184 201 242 207 261 225 249 334 184 211
Working Capital Days 343 389 384 332 293 -230 308 16 262 323 188 196
ROCE % 6% 6% 6% 4% 4% 4% 3% 4% 3% 4% 4% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.80% 73.80% 73.80% 73.80% 73.80%
4.74% 0.85% 0.58% 0.64% 0.62% 0.73% 0.78% 0.92% 0.76% 0.92% 1.44% 1.73%
1.60% 1.61% 1.59% 1.60% 1.59% 1.60% 1.60% 1.60% 1.60% 1.66% 1.65% 1.63%
20.65% 24.54% 24.82% 24.76% 24.78% 24.67% 24.61% 23.68% 23.85% 23.64% 23.13% 22.85%
No. of Shareholders 85,51299,05697,71997,39596,64493,03192,22389,86886,14283,11383,49382,998

* 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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