Jindal Poly Films Ltd

₹ 444 -0.90%

09 Jan 2:04 p.m.

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 ₹ 1,945 Cr.
Current Price ₹ 444
High / Low ₹ 933 / 443
Stock P/E
Book Value ₹ 932
Dividend Yield 1.35 %
ROCE 5.36 %
ROE 2.15 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.48 times its book value
Company has been maintaining a healthy dividend payout of 21.0%
Company's working capital requirements have reduced from 72.9 days to 48.7 days

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 8.52% over past five years.
Company has a low return on equity of 4.02% 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

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Part of BSE SmallCap BSE Allcap BSE Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	1,414	887	810	832	1,034	984	1,077	1,233	1,135	1,371	1,420	914	410
	1,371	970	784	819	1,008	1,016	1,084	1,198	1,068	1,276	1,363	899	399
Operating Profit	43	-83	25	13	25	-33	-7	35	67	95	56	15	11
OPM %	3%	-9%	3%	2%	2%	-3%	-1%	3%	6%	7%	4%	2%	3%
	229	74	4	199	88	129	62	281	245	7	-101	123	50
Interest	30	76	25	29	33	81	29	27	128	3	171	34	33
Depreciation	44	45	43	50	57	62	45	55	42	53	59	45	47
Profit before tax	198	-129	-40	133	23	-46	-18	235	141	46	-275	58	-18
Tax %	-145%	-25%	871%	26%	47%	-58%	2%	28%	17%	91%	-35%	37%	-27%
	485	-97	-385	98	12	-19	-19	168	117	4	-179	36	-13
EPS in Rs	110.84	-22.06	-87.90	22.29	2.78	-4.44	-4.31	38.38	26.62	0.94	-40.87	8.42	-2.92
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	5,143	7,557	7,225	7,005	6,448	3,623	3,546	4,082	5,878	4,697	3,926	5,335	4,115
	4,720	6,896	6,244	6,316	5,821	3,172	2,874	2,975	4,443	4,335	3,925	5,064	3,937
Operating Profit	422	662	980	689	627	451	671	1,108	1,435	362	0	271	178
OPM %	8%	9%	14%	10%	10%	12%	19%	27%	24%	8%	0%	5%	4%
	-1	-113	7	91	47	-538	73	139	386	420	478	457	79
Interest	126	91	106	111	121	50	99	61	32	152	173	363	241
Depreciation	188	229	245	285	255	104	118	145	153	174	214	223	205
Profit before tax	107	228	636	385	298	-241	527	1,040	1,636	455	91	142	-189
Tax %	38%	20%	28%	30%	49%	70%	7%	24%	27%	30%	21%	23%
	67	182	456	269	152	-409	489	791	1,196	319	72	110	-152
EPS in Rs	18.60	41.01	80.45	42.79	19.45	-93.30	111.56	180.57	273.11	72.83	16.32	25.07	-34.43
Dividend Payout %	5%	3%	1%	2%	5%	-1%	1%	1%	2%	6%	34%	24%

Compounded Sales Growth
10 Years:	-3%
5 Years:	9%
3 Years:	-3%
TTM:	-7%

Compounded Profit Growth
10 Years:	-9%
5 Years:	-28%
3 Years:	-57%
TTM:	-121%

Stock Price CAGR
10 Years:	0%
5 Years:	0%
3 Years:	-16%
1 Year:	-52%

Return on Equity
10 Years:	11%
5 Years:	14%
3 Years:	4%
Last Year:	2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	42	44	44	44	44	44	44	44	44	44	44	44	24
Reserves	1,633	1,731	2,172	2,322	2,433	2,213	1,811	2,598	3,789	4,164	3,951	4,074	4,059
	1,560	1,870	1,953	2,036	1,036	1,112	1,426	916	1,206	4,085	4,468	4,420	3,444
	2,377	2,166	2,498	2,594	926	1,211	1,104	1,260	1,535	1,247	1,938	2,251	2,966
Total Liabilities	5,613	5,812	6,668	6,996	4,439	4,581	4,384	4,818	6,574	9,539	10,401	10,789	10,492
	2,785	2,454	3,014	3,109	1,786	2,060	2,362	2,466	2,636	3,050	3,223	3,132	2,357
CWIP	130	540	389	316	15	31	182	25	77	92	203	302	336
Investments	215	544	727	901	1,542	1,390	440	480	1,318	3,640	3,894	4,093	3,559
	2,483	2,274	2,537	2,670	1,096	1,100	1,400	1,847	2,543	2,757	3,080	3,262	4,242
Total Assets	5,613	5,812	6,668	6,996	4,439	4,581	4,384	4,818	6,574	9,539	10,401	10,789	10,492

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	226	145	619	503	739	499	369	911	724	-566	133	222
	-1,401	-391	-646	-457	-1,349	-548	-417	-443	-1,078	-2,369	-82	276
	1,290	214	22	-63	702	38	277	-534	259	2,856	-44	-492
Net Cash Flow	115	-32	-5	-17	92	-10	229	-66	-95	-78	6	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	61	34	37	35	9	15	13	9	13	19	33	28
Inventory Days	126	77	103	112	43	70	98	114	92	111	147	112
Days Payable	84	51	55	68	23	38	42	43	29	20	47	50
Cash Conversion Cycle	103	60	84	78	28	47	69	80	76	111	133	90
Working Capital Days	19	24	27	23	4	8	10	34	46	103	67	49
ROCE %	10%	11%	16%	9%	10%	12%	18%	32%	37%	12%	3%	5%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 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%
	2.80%	3.42%	3.09%	3.02%	3.08%	3.00%	2.96%	2.87%	3.79%	3.54%	3.12%	3.39%
	0.05%	0.01%	0.01%	0.03%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	22.58%	22.02%	22.36%	22.40%	22.34%	22.44%	22.49%	22.58%	21.68%	21.90%	22.34%	22.06%
No. of Shareholders	55,763	56,484	57,298	56,384	48,987	47,631	45,766	44,926	41,439	40,313	42,939	44,109

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 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%	3.39%
	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%	22.06%
No. of Shareholders	46,338	44,493	42,827	40,049	39,425	50,383	56,484	47,631	40,313	44,109

* 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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