Jindal Poly Films Ltd

₹ 557 -3.93%

01 Aug - close price

jindalgroup.com BSE: 500227 NSE: JINDALPOLY

About

Jindal Poly Films Limited is a part of the B.C. Jindal group. It is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET, BOPP, CPP, Thermal, Metalized and Coated Films. ^[1]^[2]

Key Points

Business Segments FY24
1) Packaging Films (79%): ^[1] The co. was the largest manufacturer of BOPET and BOPP films in India. It produced BOPET, BOPP, CPP, Thermal, Metalized, Coated and Capacitor Films. In Aug 2022, it executed a business transfer transaction where the packaging films business undertaking was sold to its subsidiary JPFL Films on a slump sale basis for Rs. ~2,400 Cr. ^[2]
2) Non-Woven Fabrics (~14%): It produces PP-based ‘Spunmelt’ and ‘Spunbond’ Nonwoven Fabric.
3) Labels Division (7%): Through its subsidiary, SMI Coated Products, the co. offers 200+ different products of self-adhesive labels. ^[3]

Website BSE NSE

Market Cap ₹ 2,438 Cr.
Current Price ₹ 557
High / Low ₹ 1,150 / 545
Stock P/E 8.31
Book Value ₹ 1,403
Dividend Yield 0.99 %
ROCE 6.08 %
ROE 4.92 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.40 times its book value

Cons

The company has delivered a poor sales growth of -28.2% over past five years.
Company has a low return on equity of 9.15% over last 3 years.
Earnings include an other income of Rs.571 Cr.
Dividend payout has been low at 5.18% of profits over last 3 years
Debtor days have increased from 75.6 to 104 days.
Working capital days have increased from 1,101 days to 2,563 days

* 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

Industrials Capital Goods Industrial Products Packaging

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	1,724.12	1,509.52	642.69	134.00	195.10	105.35	148.98	140.45	148.40	134.33	176.40	186.73	173.77
	1,254.39	1,151.10	606.77	140.74	146.99	110.04	131.73	134.39	139.41	140.44	168.96	175.24	192.20
Operating Profit	469.73	358.42	35.92	-6.74	48.11	-4.69	17.25	6.06	8.99	-6.11	7.44	11.49	-18.43
OPM %	27.24%	23.74%	5.59%	-5.03%	24.66%	-4.45%	11.58%	4.31%	6.06%	-4.55%	4.22%	6.15%	-10.61%
	204.06	125.18	1,339.03	79.44	114.18	208.34	94.28	136.66	57.14	286.40	272.71	11.63	-0.11
Interest	18.85	15.50	9.77	10.41	8.16	9.99	6.65	30.20	3.23	3.26	31.19	-12.51	22.67
Depreciation	38.04	41.21	21.88	11.57	11.88	18.65	18.89	19.68	2.78	13.03	13.21	13.22	12.93
Profit before tax	616.90	426.89	1,343.30	50.72	142.25	175.01	85.99	92.84	60.12	264.00	235.75	22.41	-54.14
Tax %	20.71%	25.31%	0.21%	21.12%	70.62%	25.90%	25.51%	5.79%	48.75%	25.39%	21.60%	111.20%	-107.26%
	489.13	318.85	1,340.52	40.01	41.80	129.69	64.04	87.46	30.81	196.99	184.83	-2.51	3.93
EPS in Rs	111.67	72.80	306.05	9.13	9.54	29.61	14.62	19.97	7.03	44.97	42.20	-0.57	0.90
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2,631	2,775	2,644	2,583	2,951	3,596	3,530	4,075	5,869	2,481	543	671
	2,340	2,485	2,264	2,352	2,643	3,163	2,877	2,969	4,435	2,046	516	677
Operating Profit	291	290	380	231	308	433	652	1,106	1,434	436	28	-6
OPM %	11%	10%	14%	9%	10%	12%	18%	27%	24%	18%	5%	-1%
	1	33	8	78	-115	-474	73	131	384	1,658	496	571
Interest	58	33	39	63	66	47	95	60	31	44	50	45
Depreciation	94	58	56	98	102	102	116	142	150	87	60	52
Profit before tax	140	232	292	147	24	-191	515	1,035	1,636	1,963	414	468
Tax %	40%	34%	33%	36%	40%	85%	7%	24%	27%	11%	25%	18%
	83	153	195	95	15	-353	479	786	1,194	1,741	312	383
EPS in Rs	19.83	36.54	46.44	21.63	3.32	-80.60	109.31	179.36	272.66	397.53	71.23	87.50
Dividend Payout %	5%	3%	2%	5%	30%	-1%	1%	1%	2%	1%	8%	7%

Compounded Sales Growth
10 Years:	-13%
5 Years:	-28%
3 Years:	-51%
TTM:	24%

Compounded Profit Growth
10 Years:	6%
5 Years:	-9%
3 Years:	-36%
TTM:	-6%

Stock Price CAGR
10 Years:	6%
5 Years:	7%
3 Years:	-20%
1 Year:	-32%

Return on Equity
10 Years:	15%
5 Years:	16%
3 Years:	9%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	42	44	44	44	44	44	44	44	44	44	44	44
Reserves	1,217	1,499	1,683	1,760	1,771	1,415	1,758	2,540	3,728	5,450	5,743	6,102
	489	549	751	1,053	986	1,066	1,397	886	1,206	758	681	619
	473	476	486	692	754	1,033	1,101	1,249	1,531	285	721	777
Total Liabilities	2,221	2,568	2,964	3,549	3,555	3,558	4,300	4,719	6,508	6,536	7,189	7,542
	1,155	1,118	1,276	1,787	1,762	2,017	2,322	2,428	2,601	1,041	1,007	932
CWIP	51	80	165	13	15	31	182	25	77	21	0	0
Investments	255	575	746	848	719	406	424	453	1,312	3,641	4,336	4,607
	761	795	777	902	1,059	1,104	1,372	1,813	2,518	1,834	1,845	2,004
Total Assets	2,221	2,568	2,964	3,549	3,555	3,558	4,300	4,719	6,508	6,536	7,189	7,542

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	380	83	269	301	288	455	354	897	730	-417	64	-34
	-94	-264	-443	-194	-113	-511	-425	-436	-1,106	-619	78	164
	-245	140	165	-99	-158	45	298	-533	290	953	-146	-131
Net Cash Flow	41	-41	-9	8	17	-11	228	-72	-86	-82	-4	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	25	20	17	14	17	14	13	9	13	21	102	104
Inventory Days	62	50	58	67	78	69	95	112	91	20	113	147
Days Payable	46	38	30	41	43	37	41	43	29	5	69	98
Cash Conversion Cycle	42	32	45	40	52	46	67	78	75	35	146	153
Working Capital Days	-11	17	9	19	11	14	10	35	44	162	577	2,563
ROCE %	13%	14%	14%	7%	10%	16%	21%	33%	37%	16%	7%	6%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%
	2.94%	2.80%	3.42%	3.09%	3.02%	3.08%	3.00%	2.96%	2.87%	3.79%	3.54%	3.12%
	0.06%	0.05%	0.01%	0.01%	0.03%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	22.46%	22.58%	22.02%	22.36%	22.40%	22.34%	22.44%	22.49%	22.58%	21.68%	21.90%	22.34%
No. of Shareholders	54,301	55,763	56,484	57,298	56,384	48,987	47,631	45,766	44,926	41,439	40,313	42,939

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.54%	74.54%	74.54%	74.54%
	4.57%	4.04%	2.07%	1.13%	1.63%	2.91%	3.42%	3.00%	3.54%	3.12%
	0.07%	0.07%	0.12%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	20.82%	21.35%	23.26%	24.28%	23.82%	22.54%	22.02%	22.44%	21.90%	22.34%
No. of Shareholders	46,338	44,493	42,827	40,049	39,425	50,383	56,484	47,631	40,313	42,939

* 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.

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Jindal Poly Films Ltd

Jindal Poly Films Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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