Jindal Poly Films Ltd

AI

Jindal Poly Films Ltd

₹ 638 0.09%
21 Aug - close price
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]

  • Market Cap 2,792 Cr.
  • Current Price 638
  • High / Low 1,026 / 360
  • Stock P/E 21.7
  • Book Value 935
  • Dividend Yield 0.93 %
  • ROCE 2.24 %
  • ROE 2.00 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.68 times its book value
  • Debtor days have improved from 80.4 to 34.7 days.

Cons

  • The company has delivered a poor sales growth of -29.8% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.22% over last 3 years.
  • Dividend payout has been low at 4.82% of profits over last 3 years
  • Working capital days have increased from 819 days to 1,457 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
105 149 140 148 134 -0 1 174 -0 -0 186 168 191
110 132 134 139 140 7 9 192 18 84 181 641 158
Operating Profit -5 17 6 9 -6 -7 -7 -18 -18 -84 6 -473 33
OPM % -4.5% 12% 4.3% 6% -4.5% -508% -11% 3.0% -281% 17%
208 94 137 57 286 248 24 -0 131 41 113 -1,743 -88
Interest 10 7 30 3 3 -0 0 23 -0 -0 12 12 7
Depreciation 19 19 20 3 13 0 0 13 0 0 11 12 12
Profit before tax 175 86 93 60 264 241 16 -54 114 -43 95 -2,240 -75
Tax % 26% 26% 6% 49% 25% 23% 116% -107% 18% -65% 21% -3% 27%
130 64 87 31 197 185 -3 4 93 -15 75 -2,180 -95
EPS in Rs 29.61 14.62 19.97 7.03 44.97 42.20 -0.57 0.90 21.14 -3.44 17.22 -497.74 -21.68
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2,775 2,644 2,583 2,951 3,596 3,530 4,075 5,869 2,481 543 671 697 545
2,485 2,264 2,352 2,643 3,163 2,877 2,969 4,435 2,046 516 677 1,261 1,064
Operating Profit 290 380 231 308 433 652 1,106 1,434 436 28 -6 -563 -519
OPM % 10% 14% 9% 10% 12% 18% 27% 24% 18% 5% -0.8% -81% -95%
33 8 78 -115 -474 73 131 384 1,658 496 571 -1,408 -1,678
Interest 33 39 63 66 47 95 60 31 44 50 45 67 31
Depreciation 58 56 98 102 102 116 142 150 87 60 52 49 35
Profit before tax 232 292 147 24 -191 515 1,035 1,636 1,963 414 468 -2,086 -2,263
Tax % 34% 33% 36% 40% 85% 7% 24% 27% 11% 25% 18% -3%
153 195 95 15 -353 479 786 1,194 1,741 312 383 -2,027 -2,215
EPS in Rs 36.54 46.44 21.63 3.32 -80.60 109.31 179.36 272.66 397.53 71.23 87.50 -462.82 -505.64
Dividend Payout % 3% 2% 5% 30% -1% 1% 1% 2% 1% 8% 7% -0%
Compounded Sales Growth
10 Years: -12%
5 Years: -30%
3 Years: -35%
TTM: 211%
Compounded Profit Growth
10 Years: -6%
5 Years: -34%
3 Years: -51%
TTM: -62%
Stock Price CAGR
10 Years: 5%
5 Years: -7%
3 Years: 0%
1 Year: 22%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 4%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 44 44 44 44 44 44 44 44 44 44 44 44
Reserves 1,499 1,683 1,760 1,771 1,415 1,758 2,540 3,728 5,450 5,743 6,102 4,049
549 751 1,053 986 1,066 1,397 886 1,206 758 681 619 540
476 486 692 754 1,033 1,101 1,249 1,531 285 721 777 613
Total Liabilities 2,568 2,964 3,549 3,555 3,558 4,300 4,719 6,508 6,536 7,189 7,542 5,246
1,118 1,276 1,787 1,762 2,017 2,322 2,428 2,601 1,041 1,007 932 854
CWIP 80 165 13 15 31 182 25 77 21 0 -0 2
Investments 575 746 848 719 406 424 453 1,312 3,641 4,336 4,607 3,593
795 777 902 1,059 1,104 1,372 1,813 2,518 1,834 1,845 2,004 797
Total Assets 2,568 2,964 3,549 3,555 3,558 4,300 4,719 6,508 6,536 7,189 7,542 5,246

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
83 269 301 288 455 354 897 730 -417 64 -34 232
-264 -443 -194 -113 -511 -425 -436 -1,106 -619 78 164 17
140 165 -99 -158 45 298 -533 290 953 -146 -131 -221
Net Cash Flow -41 -9 8 17 -11 228 -72 -86 -82 -4 -1 29
Free Cash Flow 50 -10 215 202 55 -118 697 345 -807 53 -31 224
CFO/OP 54% 97% 137% 95% 122% 73% 104% 74% 6% 446% -464% -40%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 20 17 14 17 14 13 9 13 21 102 104 35
Inventory Days 50 58 67 78 69 95 112 91 20 113 147 143
Days Payable 38 30 41 43 37 41 43 29 5 69 98 100
Cash Conversion Cycle 32 45 40 52 46 67 78 75 35 146 153 78
Working Capital Days 17 9 19 11 14 10 35 44 162 577 422 1,457
ROCE % 14% 14% 7% 10% 16% 21% 33% 37% 16% 7% 6% 2%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 May 2026
BOPET Installed Capacity
TPA

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BOPP Installed Capacity
TPA
Packaging Films Share of Revenue
%
Export Revenue Share
%
Non-woven Installed Capacity
TPA
BOPET Capacity Utilization
%
Operational BOPET Capacity (Post-fire)
TPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54%
3.02% 3.08% 3.00% 2.96% 2.87% 3.79% 3.54% 3.12% 3.39% 3.44% 2.55% 1.93%
0.03% 0.04% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00%
22.40% 22.34% 22.44% 22.49% 22.58% 21.68% 21.90% 22.34% 22.06% 22.00% 22.91% 23.52%
No. of Shareholders 56,38448,98747,63145,76644,92641,43940,31342,93944,10943,87038,50838,947

* 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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