Jindal Poly Films Ltd

About

Jindal Poly Films Ltd is a producer of polyester and biaxially oriented polypropylene (BOPP) films (plain, metalized and coated), which are mainly used in the flexible packaging industry.

  • Market Cap 1,996 Cr.
  • Current Price 456
  • High / Low 525 / 150
  • Stock P/E 3.59
  • Book Value 423
  • Dividend Yield 0.22 %
  • ROCE 17.9 %
  • ROE 24.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.08 times its book value

Cons

  • The company has delivered a poor growth of -14.11% over past five years.
  • Company has a low return on equity of 6.34% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,807 2,033 791 839 957 870 1,028 838 839 976 896 771
1,644 1,859 695 726 838 805 935 712 714 768 687 557
Operating Profit 164 174 96 112 119 65 94 126 125 208 209 214
OPM % 9% 9% 12% 13% 12% 7% 9% 15% 15% 21% 23% 28%
Other Income -2 176 -132 19 -95 47 -488 37 17 -1 29 21
Interest 28 30 16 12 13 6 14 11 13 16 44 25
Depreciation 74 81 30 26 26 26 26 30 30 30 29 35
Profit before tax 60 239 -81 94 -15 81 -435 122 99 161 165 176
Tax % 31% 55% 29% 30% 37% 32% -27% 29% -63% 25% 15% 26%
Net Profit 37 68 -57 65 -10 55 -551 86 161 121 139 130
EPS in Rs 8.37 15.61 -13.11 14.91 -2.18 12.49 -125.74 19.72 36.83 27.58 31.79 29.77
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,552 1,704 2,855 2,364 2,232 5,143 7,557 7,225 7,005 6,448 3,623 3,533 3,481
1,268 1,390 1,902 2,018 2,088 4,720 6,896 6,244 6,316 5,980 3,182 2,892 2,726
Operating Profit 284 313 953 346 144 422 662 980 689 468 442 641 755
OPM % 18% 18% 33% 15% 6% 8% 9% 14% 10% 7% 12% 18% 22%
Other Income -19 99 27 -54 -0 -1 -113 7 91 206 -528 66 67
Interest 24 30 25 29 40 126 91 106 111 121 50 62 98
Depreciation 75 85 88 88 89 188 229 245 285 255 104 118 123
Profit before tax 166 297 867 174 15 107 228 636 385 298 -241 527 601
Tax % 37% 31% 31% 23% 59% 38% 20% 28% 30% 49% -70% 7%
Net Profit 105 204 595 135 6 78 172 338 187 85 -409 489 552
EPS in Rs 19.90 44.45 129.33 31.39 1.42 18.60 41.01 80.45 42.79 19.45 -93.30 111.56 125.97
Dividend Payout % 5% 11% 2% 8% 71% 5% 3% 1% 2% 5% -1% 1%
Compounded Sales Growth
10 Years:8%
5 Years:-14%
3 Years:-20%
TTM:-6%
Compounded Profit Growth
10 Years:11%
5 Years:16%
3 Years:25%
TTM:1059%
Stock Price CAGR
10 Years:-2%
5 Years:-4%
3 Years:6%
1 Year:121%
Return on Equity
10 Years:12%
5 Years:10%
3 Years:6%
Last Year:24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
26 23 46 43 42 42 44 44 44 44 44 44
Reserves 929 1,024 1,580 1,676 1,086 1,633 1,731 2,172 2,322 2,433 2,213 1,811
Borrowings 527 509 500 521 581 1,560 1,870 1,953 2,036 1,036 1,112 1,427
302 395 455 368 351 2,377 2,166 2,498 2,594 926 1,211 1,102
Total Liabilities 1,784 1,951 2,581 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384
1,132 1,242 1,246 1,296 1,250 2,785 2,454 3,014 3,109 1,786 2,060 2,362
CWIP 54 68 54 49 49 130 540 389 316 15 31 182
Investments 158 134 529 618 107 215 544 727 901 1,542 1,390 440
441 507 752 643 656 2,483 2,274 2,537 2,670 1,096 1,100 1,400
Total Assets 1,784 1,951 2,581 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
281 273 458 290 88 226 145 619 503 739 499 369
-379 -173 -466 -235 -88 -1,401 -391 -646 -457 -1,349 -548 -417
215 -136 -58 -63 -7 1,290 214 22 -63 702 38 277
Net Cash Flow 118 -36 -67 -7 -7 115 -32 -5 -17 92 -10 229

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 18% 48% 13% 4% 11% 13% 19% 11% 11% 12% 18%
Debtor Days 18 17 32 26 26 61 34 37 35 9 15 13
Inventory Turnover 7.23 6.68 6.41 7.33 7.84 5.11 4.75 4.16 3.68 5.11 6.15 4.59

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55
4.37 4.04 2.82 2.49 2.39 2.07 2.06 1.34 1.20 1.13 1.06 1.18
0.07 0.07 0.15 0.12 0.13 0.12 0.29 0.27 0.00 0.04 0.04 0.03
21.01 21.35 22.49 22.84 22.93 23.26 23.11 23.84 24.25 24.28 24.35 24.25

Documents