Jindal Poly Films Ltd

Jindal Poly Films Ltd

₹ 563 -2.56%
28 Feb - 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

Product Portfolio
The Co. manufactures BOPP Films, PET Films, Metalized Films, Coated Films, CPP Films, and THERMAL Films. BOPP and BOPET Films are extensively used for food packaging to ensure good appeal, product protection and extended shelf life. [1]

  • Market Cap 2,469 Cr.
  • Current Price 563
  • High / Low 749 / 485
  • Stock P/E
  • Book Value 927
  • Dividend Yield 0.76 %
  • ROCE 12.5 %
  • ROE 8.12 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.61 times its book value

Cons

  • The company has delivered a poor sales growth of -6.14% over past five years.
  • Earnings include an other income of Rs.420 Cr.
  • Working capital days have increased from 103 days to 165 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

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,069 1,151 1,341 1,456 1,359 1,721 1,592 1,414 887 810 832 1,034 984
765 907 1,014 1,137 1,045 1,269 1,220 1,371 970 784 819 1,008 1,016
Operating Profit 304 244 327 319 314 452 372 43 -83 25 13 25 -33
OPM % 28% 21% 24% 22% 23% 26% 23% 3% -9% 3% 2% 2% -3%
35 54 46 115 21 223 113 229 74 4 199 88 129
Interest 36 -26 26 -8 -8 19 17 30 76 25 29 33 81
Depreciation 38 36 37 38 39 39 43 44 45 43 50 57 62
Profit before tax 264 287 310 403 305 618 426 198 -129 -40 133 23 -46
Tax % 25% 20% 25% 37% 28% 20% 26% -145% 25% -871% 26% 47% 58%
197 230 232 254 218 492 315 485 -97 -385 98 12 -19
EPS in Rs 45.03 52.62 52.95 58.06 49.77 112.34 71.95 110.84 -22.06 -87.90 22.29 2.78 -4.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,364 2,232 5,143 7,557 7,225 7,005 6,448 3,623 3,546 4,082 5,878 4,697 3,659
2,018 2,088 4,720 6,896 6,244 6,316 5,821 3,172 2,874 2,975 4,443 4,335 3,628
Operating Profit 346 144 422 662 980 689 627 451 671 1,108 1,435 362 30
OPM % 15% 6% 8% 9% 14% 10% 10% 12% 19% 27% 24% 8% 1%
-54 -0 -1 -113 7 91 47 -538 73 139 386 420 420
Interest 29 40 126 91 106 111 121 50 99 61 32 152 168
Depreciation 88 89 188 229 245 285 255 104 118 145 153 174 213
Profit before tax 174 15 107 228 636 385 298 -241 527 1,040 1,636 455 70
Tax % 23% 59% 38% 20% 28% 30% 49% -70% 7% 24% 27% 30%
135 6 67 182 456 269 152 -409 489 791 1,196 319 -295
EPS in Rs 31.39 1.42 18.60 41.01 80.45 42.79 19.45 -93.30 111.56 180.57 273.11 72.83 -67.26
Dividend Payout % 8% 71% 5% 3% 1% 2% 5% -1% 1% 1% 2% 6%
Compounded Sales Growth
10 Years: 8%
5 Years: -6%
3 Years: 10%
TTM: -35%
Compounded Profit Growth
10 Years: 41%
5 Years: 29%
3 Years: -11%
TTM: -136%
Stock Price CAGR
10 Years: 16%
5 Years: 19%
3 Years: 5%
1 Year: -4%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 24%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 43 42 42 44 44 44 44 44 44 44 44 44 44
Reserves 1,676 1,086 1,633 1,731 2,172 2,322 2,433 2,213 1,811 2,598 3,789 4,164 4,015
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 1,813
521 581 1,560 1,870 1,953 2,036 1,036 1,112 1,426 916 1,206 2,272 4,356
368 351 2,377 2,166 2,498 2,594 926 1,211 1,104 1,260 1,535 3,042 1,633
Total Liabilities 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384 4,818 6,574 9,522 10,047
1,296 1,250 2,785 2,454 3,014 3,109 1,786 2,060 2,362 2,466 2,636 3,050 3,236
CWIP 49 49 130 540 389 316 15 31 182 25 77 92 169
Investments 618 107 215 544 727 901 1,542 1,390 440 480 1,318 3,640 3,802
643 656 2,483 2,274 2,537 2,670 1,096 1,100 1,400 1,847 2,543 2,740 2,841
Total Assets 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384 4,818 6,574 9,522 10,047

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
290 88 226 145 619 503 739 499 369 911 724 -566
-235 -88 -1,401 -391 -646 -457 -1,349 -548 -417 -443 -1,078 -2,369
-63 -7 1,290 214 22 -63 702 38 277 -534 259 2,856
Net Cash Flow -7 -7 115 -32 -5 -17 92 -10 229 -66 -95 -78

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 26 61 34 37 35 9 15 13 9 13 19
Inventory Days 46 60 126 77 103 112 43 70 98 114 92 111
Days Payable 26 25 84 51 55 68 23 38 42 43 29 18
Cash Conversion Cycle 46 61 103 60 84 78 28 47 69 80 76 112
Working Capital Days 48 60 49 47 54 51 24 32 38 64 79 165
ROCE % 13% 4% 10% 11% 16% 9% 10% 12% 18% 32% 37% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.55% 74.55% 74.55% 74.55% 74.55% 74.55% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54%
1.63% 2.40% 2.48% 2.90% 2.91% 2.98% 2.94% 2.80% 3.42% 3.09% 3.02% 3.08%
0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.06% 0.05% 0.01% 0.01% 0.03% 0.04%
23.82% 23.05% 22.96% 22.54% 22.54% 22.47% 22.46% 22.58% 22.02% 22.36% 22.40% 22.34%
No. of Shareholders 39,42546,43050,74649,58050,38352,79254,30155,76356,48457,29856,38448,987

* 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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