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 4,375 Cr.
  • Current Price 999
  • High / Low 1,169 / 411
  • Stock P/E 4.90
  • Book Value 603
  • Dividend Yield 0.20 %
  • ROCE 32.0 %
  • ROE 34.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.78% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -10.79% over past five years.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
957 870 1,028 838 845 976 883 771 1,091 1,069 1,151 1,341
838 805 935 712 720 768 674 557 753 765 907 1,014
Operating Profit 119 65 94 126 125 208 209 215 338 304 244 327
OPM % 12% 7% 9% 15% 15% 21% 24% 28% 31% 28% 21% 24%
Other Income -95 47 -488 37 15 10 27 23 31 37 54 46
Interest 13 6 14 11 11 26 43 27 20 37 -26 26
Depreciation 26 26 26 30 30 30 29 35 37 38 36 37
Profit before tax -15 81 -435 122 99 161 165 176 313 266 287 310
Tax % 37% 32% -27% 29% -63% 25% 15% 26% 21% 31% 20% 25%
Net Profit -10 55 -551 86 161 121 139 130 246 184 230 232
EPS in Rs -2.18 12.49 -125.74 19.72 36.83 27.58 31.79 29.77 56.25 41.93 52.62 52.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,704 2,855 2,364 2,232 5,143 7,557 7,225 7,005 6,448 3,623 3,546 4,082 4,652
1,439 1,903 2,018 2,088 4,720 6,896 6,244 6,316 5,821 3,172 2,874 2,975 3,439
Operating Profit 265 952 346 144 422 662 980 689 627 451 671 1,108 1,213
OPM % 16% 33% 15% 6% 8% 9% 14% 10% 10% 12% 19% 27% 26%
Other Income 148 28 -54 -0 -1 -113 7 91 47 -538 73 139 168
Interest 30 25 29 40 126 91 106 111 121 50 99 61 57
Depreciation 85 88 88 89 188 229 245 285 255 104 118 145 148
Profit before tax 297 867 174 15 107 228 636 385 298 -241 527 1,040 1,176
Tax % 31% 31% 23% 59% 38% 20% 28% 30% 49% -70% 7% 24%
Net Profit 204 595 135 6 78 172 338 187 85 -409 489 791 892
EPS in Rs 44.45 129.33 31.39 1.42 18.60 41.01 80.45 42.79 19.45 -93.30 111.56 180.57 203.75
Dividend Payout % 11% 2% 8% 71% 5% 3% 1% 2% 5% -1% 1% 1%
Compounded Sales Growth
10 Years:4%
5 Years:-11%
3 Years:-14%
TTM:34%
Compounded Profit Growth
10 Years:3%
5 Years:19%
3 Years:104%
TTM:62%
Stock Price CAGR
10 Years:18%
5 Years:21%
3 Years:58%
1 Year:125%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:15%
Last Year:35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
23 46 43 42 42 44 44 44 44 44 44 44
Reserves 1,024 1,580 1,676 1,086 1,633 1,731 2,172 2,322 2,433 2,213 1,811 2,598
Borrowings 509 500 521 581 1,560 1,870 1,953 2,036 1,036 1,112 1,426 916
395 455 368 351 2,377 2,166 2,498 2,594 926 1,211 1,104 1,260
Total Liabilities 1,951 2,581 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384 4,818
1,242 1,246 1,296 1,250 2,785 2,454 3,014 3,109 1,786 2,060 2,362 2,466
CWIP 68 54 49 49 130 540 389 316 15 31 182 25
Investments 134 529 618 107 215 544 727 901 1,542 1,390 440 480
507 752 643 656 2,483 2,274 2,537 2,670 1,096 1,100 1,400 1,847
Total Assets 1,951 2,581 2,607 2,061 5,613 5,812 6,668 6,996 4,439 4,581 4,384 4,818

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
273 458 290 88 226 145 619 503 739 499 369 911
-173 -466 -235 -88 -1,401 -391 -646 -457 -1,349 -548 -417 -443
-136 -58 -63 -7 1,290 214 22 -63 702 38 277 -534
Net Cash Flow -36 -67 -7 -7 115 -32 -5 -17 92 -10 229 -66

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 17 32 26 26 61 34 37 35 9 15 13 9
Inventory Days 76 74 46 60 126 77 103 112 43 70 98 114
Days Payable 29 24 26 25 84 51 55 68 23 38 42 43
Cash Conversion Cycle 64 82 46 61 103 60 84 78 28 47 69 80
Working Capital Days 40 54 61 74 62 55 64 72 35 51 59 64
ROCE % 18% 48% 13% 4% 11% 13% 19% 11% 11% 12% 18% 32%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55 74.55
2.49 2.39 2.07 2.06 1.34 1.20 1.13 1.06 1.18 1.20 1.63 2.40
0.12 0.13 0.12 0.29 0.27 0.00 0.04 0.04 0.03 0.06 0.01 0.01
22.84 22.93 23.26 23.11 23.84 24.25 24.28 24.35 24.25 24.19 23.82 23.05

Documents