Jay Bee Laminations Ltd

Jay Bee Laminations Ltd

₹ 392 4.78%
12 Dec - close price
About

Incorporated in 1988, Jay Bee Laminations Ltd manufactures CRGO silicons They recently discontinued CRNGO silicon steel cores recently in H1FY25.[1]

Key Points

Business Overview:[1]
JBLL is a manufacturer specializing in cold-rolled grain-oriented (CRGO) silicon steel cores, producing cut laminations, slit coils, and assembled cores. These components are primarily for the power and distribution transformer industry, currently catering to transformers up to 220 kV. It aims to expand into the high-voltage segment, targeting power transformers in the 400 kV and 765 kV range by the second half of FY2025.

  • Market Cap 885 Cr.
  • Current Price 392
  • High / Low 456 / 225
  • Stock P/E 45.7
  • Book Value 60.6
  • Dividend Yield 0.00 %
  • ROCE 39.6 %
  • ROE 36.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 80.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.0%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Steel Industry: Steel - Medium / Small

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Sep 2024
154 153
139 130
Operating Profit 15 23
OPM % 10% 15%
0 0
Interest 3 3
Depreciation 1 1
Profit before tax 12 19
Tax % 19% 26%
10 14
EPS in Rs 32.24 6.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
187 132 75 141 246 303
180 127 73 129 223 270
Operating Profit 8 5 2 13 23 33
OPM % 4% 4% 3% 9% 10% 11%
1 1 0 0 1 1
Interest 6 4 3 4 5 6
Depreciation 2 1 1 1 1 1
Profit before tax 1 0 -1 8 18 26
Tax % 30% 33% 2% 23% 25% 26%
1 0 -1 6 14 19
EPS in Rs 34.00 2.00 -42.67 193.00 453.33 10.75
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 59%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 80%
3 Years: 158%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 33%
Last Year: 36%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 18 23
Reserves 23 23 22 28 40 45 114
27 21 27 27 31 24 25
31 25 4 39 34 44 63
Total Liabilities 84 73 56 97 109 131 225
7 10 10 9 6 5 6
CWIP 0 0 0 0 0 3 12
Investments 0 0 0 0 4 4 7
77 62 46 88 100 119 200
Total Assets 84 73 56 97 109 131 225

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 -1 3 5 16
-5 -3 0 -1 -5
-9 4 -3 -1 -13
Net Cash Flow -2 -0 -0 4 -3

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 86 92 115 71 77 65
Inventory Days 47 65 99 157 61 65
Days Payable 62 75 12 114 52 58
Cash Conversion Cycle 70 82 201 114 85 72
Working Capital Days 83 101 203 124 85 82
ROCE % 9% 3% 22% 35% 40%

Shareholding Pattern

Numbers in percentages

Sep 2024
70.61%
3.74%
4.39%
21.26%
No. of Shareholders 1,833

* 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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