JCT Ltd
Incorporated in 1946, JCT Ltd is a manufacturer of cloth and nylon filament yarn[1]
- Market Cap ₹ 236 Cr.
- Current Price ₹ 2.72
- High / Low ₹ 4.57 / 1.64
- Stock P/E
- Book Value ₹ 3.11
- Dividend Yield 0.00 %
- ROCE -9.86 %
- ROE -30.0 %
- Face Value ₹ 2.50
Pros
- Stock is trading at 0.87 times its book value
- Debtor days have improved from 24.9 to 18.7 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.35% over past five years.
- Promoter holding is low: 27.2%
- Company has a low return on equity of -11.6% over last 3 years.
- Promoters have pledged 99.9% of their holding.
- Company's cost of borrowing seems high
* 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: Textiles Industry: Textiles - Composite
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
773 | 1,235 | 461 | 961 | 855 | 804 | 758 | 800 | 693 | 657 | 804 | 639 | 557 | |
760 | 1,194 | 429 | 897 | 799 | 769 | 738 | 768 | 696 | 590 | 774 | 683 | 633 | |
Operating Profit | 14 | 40 | 32 | 63 | 56 | 34 | 20 | 32 | -3 | 67 | 30 | -44 | -77 |
OPM % | 2% | 3% | 7% | 7% | 7% | 4% | 3% | 4% | -0% | 10% | 4% | -7% | -14% |
7 | -1 | 4 | 7 | 19 | 17 | 10 | 7 | 16 | 8 | 45 | 14 | 12 | |
Interest | 41 | 53 | 17 | 34 | 39 | 37 | 36 | 40 | 43 | 46 | 51 | 44 | 46 |
Depreciation | 47 | 74 | 17 | 28 | 30 | 31 | 30 | 23 | 15 | 15 | 13 | 12 | 12 |
Profit before tax | -68 | -87 | 3 | 9 | 5 | -17 | -36 | -23 | -45 | 15 | 10 | -85 | -123 |
Tax % | -0% | -1% | -33% | 0% | 0% | -0% | -0% | 0% | 0% | 0% | 0% | 0% | |
-68 | -88 | 3 | 9 | 5 | -17 | -36 | -23 | -45 | 15 | 10 | -85 | -123 | |
EPS in Rs | -1.90 | -1.99 | 0.06 | 0.16 | 0.09 | -0.29 | -0.60 | -0.28 | -0.53 | 0.18 | 0.11 | -0.98 | -1.41 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -3% |
TTM: | -34% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -31% |
TTM: | -969% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 10% |
3 Years: | 37% |
1 Year: | 69% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -13% |
3 Years: | -12% |
Last Year: | -30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 90 | 110 | 139 | 139 | 146 | 150 | 150 | 210 | 210 | 210 | 217 | 217 |
Reserves | -38 | -132 | -61 | -53 | -42 | -56 | -90 | 137 | 108 | 131 | 135 | 53 |
Preference Capital | 24 | 24 | 24 | 24 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
420 | 455 | 345 | 347 | 299 | 258 | 240 | 196 | 174 | 192 | 182 | 198 | |
262 | 265 | 280 | 271 | 266 | 273 | 301 | 320 | 355 | 313 | 326 | 340 | |
Total Liabilities | 734 | 699 | 703 | 704 | 670 | 625 | 601 | 863 | 847 | 845 | 860 | 808 |
457 | 414 | 398 | 387 | 368 | 348 | 322 | 584 | 593 | 582 | 569 | 561 | |
CWIP | 2 | 2 | 4 | 2 | 1 | 3 | 3 | 3 | 2 | 1 | 1 | 2 |
Investments | 42 | 38 | 37 | 37 | 5 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
233 | 244 | 264 | 278 | 296 | 272 | 274 | 274 | 251 | 261 | 288 | 243 | |
Total Assets | 734 | 699 | 703 | 704 | 670 | 625 | 601 | 863 | 847 | 845 | 860 | 808 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
54 | 55 | -77 | 53 | 59 | 75 | 46 | 58 | 69 | -2 | 33 | 18 | |
-25 | -23 | 1 | -13 | 30 | -1 | 4 | -3 | 9 | 1 | 39 | 8 | |
-44 | -25 | 68 | -33 | -89 | -77 | -53 | -56 | -65 | -11 | -73 | -26 | |
Net Cash Flow | -15 | 6 | -7 | 7 | -1 | -3 | -2 | -1 | 13 | -12 | -1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 17 | 53 | 31 | 34 | 30 | 26 | 21 | 13 | 29 | 27 | 19 |
Inventory Days | 94 | 60 | 188 | 99 | 130 | 155 | 161 | 139 | 177 | 196 | 151 | 166 |
Days Payable | 93 | 51 | 175 | 78 | 69 | 101 | 128 | 109 | 141 | 168 | 128 | 146 |
Cash Conversion Cycle | 23 | 25 | 67 | 51 | 96 | 84 | 59 | 50 | 49 | 56 | 51 | 39 |
Working Capital Days | -86 | -51 | -50 | -27 | 19 | -6 | -23 | 13 | -32 | 7 | 11 | -27 |
ROCE % | -5% | -4% | 10% | 9% | 3% | -2% | 4% | -3% | 11% | 4% | -10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
2d - Ref with Email dated 23.03.2024. The reasons for delay in intimation of Resignation of Chief Financial officer (CFO) of the Company
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2 Mar
- Sale Or Disposal Of Whole Or Substantially Whole Of Undertaking Of The Company 1 Mar
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
1 Mar - Change of Registered Office of the Company from Village chohal, Dist. Hoshiarpur 146024, Punjab to G.T. Road, Phagwara, Dist. Kapurthala, Punjab 144401 was passed as …
-
Announcement under Regulation 30 (LODR)-Meeting Updates
1 Mar - Proceedings of Extra Ordinary General Meeting held on Thursday, 29th day of February, 2024 at 2.00 P.M IST through video conferencing mode.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Business Overview:[1]
JCTL is the flagship company of Thapar Group. It is a manufacturer of textiles and filament yarn with operations in 2 distinct businesses – cotton, synthetic & blended textiles and nylon filament yarn. Company was the first textile manufacturer in the country to introduce eco -friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9001 certification. JCTL’s other operations include Filament Yarn. Company was also the first to set up a Colour Picture Tube plant in India (manufactured by JCT Electronics Ltd. in technical collaboration with Hitachi Ltd, Japan)