Jindal Cotex Ltd

Jindal Cotex Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jindal Cotex Ltd

₹ 2.50 4.17%
28 Nov 2022
jindalcotex.com NSE: JINDCOT
About

Incorporated in 1988, Jindal Cotex Ltd is engaged in manufacturing and sales of Textiles as well as generation and sale of energy from wind mill.

Key Points

Product Portfolio:[1]
Company processes Cotton (for Surgical usage) and polyester fiber from Yarn to sewing threads, Yarn to fabrics, Dyeing / finishing,
and then offers the same to its garment manufacturing buyers.
Company's product range includes –
a) 100% Cotton circular knitted Bleached White – silicon treated / Bio washed (both Optional), finished ready Cuttable fabrics
b) 100% Polyester semi Dull Spun yarns manufactured from Virgin fiber (count range Ne 20s – 40s)
c) Singles / multi-folds
d) End uses knitting and weaving
e) 100% Polyester Spun Sewing threads Bright SHT–RT (super high tenacity–reverse twist) counts
f) Optical White polyester yarns / sewing threads (on Order basis)

Website NSE - BZ
  • Market Cap ₹ 11.2 Cr.
  • Current Price ₹ 2.50
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 41.7
  • Dividend Yield 0.00 %
  • ROCE -0.09 %
  • ROE -0.69 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.06 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -83.6% over past five years.
  • Promoter holding is low: 21.1%
  • Company has a low return on equity of -1.62% over last 3 years.
  • Contingent liabilities of Rs.328 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged or encumbered 93.9% of their holding.
  • Company has high debtors of 59,17,015 days.
  • Working capital days have increased from 21,03,642 days to 62,81,285 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
3.76 2.20 2.44 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 5.37
4.20 24.09 0.76 0.33 0.36 0.93 0.58 0.30 0.94 0.31 0.33 0.51 5.72
Operating Profit -0.44 -21.89 1.68 -0.33 -0.36 -0.93 -0.57 -0.30 -0.94 -0.31 -0.33 -0.51 -0.35
OPM % -11.70% -995.00% 68.85% -5,700.00% -6.52%
14.89 115.08 0.74 8.19 1.34 1.91 0.47 0.56 9.30 -5.19 0.78 0.82 0.52
Interest 0.40 0.06 0.23 0.49 0.25 0.25 0.26 0.27 0.27 0.28 0.28 0.29 0.30
Depreciation 1.49 0.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 12.56 92.14 2.19 7.37 0.73 0.73 -0.36 -0.01 8.09 -5.78 0.17 0.02 -0.13
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
12.56 92.14 2.19 7.36 0.73 0.72 -0.36 -0.01 8.09 -5.79 0.16 0.02 -0.14
EPS in Rs 2.79 20.47 0.49 1.64 0.16 0.16 -0.08 -0.00 1.80 -1.29 0.04 0.00 -0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
656.62 347.86 187.34 100.82 175.09 231.57 83.90 32.78 28.35 15.22 2.44 0.01 5.37
609.63 340.26 244.32 113.37 176.45 239.87 80.16 33.23 28.02 17.90 2.20 2.14 6.87
Operating Profit 46.99 7.60 -56.98 -12.55 -1.36 -8.30 3.74 -0.45 0.33 -2.68 0.24 -2.13 -1.50
OPM % 7.16% 2.18% -30.42% -12.45% -0.78% -3.58% 4.46% -1.37% 1.16% -17.61% 9.84% -21,300.00% -27.93%
11.05 2.50 0.95 1.74 1.89 1.73 16.24 23.69 1.51 110.62 12.18 5.14 -3.07
Interest 40.86 47.85 58.68 61.94 0.70 1.77 0.83 0.91 0.83 0.90 1.40 1.07 1.15
Depreciation 17.12 12.13 19.47 20.09 19.52 19.94 6.21 6.12 6.03 5.46 0.01 0.01 0.00
Profit before tax 0.06 -49.88 -134.18 -92.84 -19.69 -28.28 12.94 16.21 -5.02 101.58 11.01 1.93 -5.72
Tax % 0.00% 0.10% 0.00% -0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.06 -49.92 -134.17 -92.82 -19.68 -28.28 12.94 16.20 -5.02 101.58 11.00 1.93 -5.75
EPS in Rs 0.01 -11.09 -29.81 -20.63 -3.91 -4.93 2.88 3.60 -1.12 22.57 2.44 0.43 -1.28
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -65%
5 Years: -84%
3 Years: -93%
TTM: 53600%
Compounded Profit Growth
10 Years: 7%
5 Years: 5%
3 Years: 20%
TTM: 65%
Stock Price CAGR
10 Years: -9%
5 Years: %
3 Years: -4%
1 Year: %
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -2%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00
Reserves 259.97 236.11 59.88 -32.94 -48.96 -71.80 17.04 33.01 27.99 129.57 140.59 142.52 142.70
414.93 462.62 541.65 599.15 611.39 605.84 240.91 215.98 212.52 54.11 45.29 44.68 44.64
244.93 84.17 49.45 54.15 51.57 65.50 16.09 10.24 10.80 17.48 5.71 3.57 3.58
Total Liabilities 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 246.16 236.59 235.77 235.92
231.28 233.24 266.80 253.52 234.81 217.49 66.19 59.63 53.61 4.68 2.13 2.11 2.11
CWIP 181.81 199.96 89.18 82.27 81.93 46.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.02 0.20 0.20 0.20 0.20 1.11 1.11 1.11 1.11 1.12 1.12 1.12
551.72 394.68 339.80 329.37 342.06 380.18 251.74 243.49 241.59 240.37 233.34 232.54 232.69
Total Assets 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 246.16 236.59 235.77 235.92

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4.08 44.64 -78.66 -50.44 2.00 6.30 93.04 24.22 3.46 113.17 5.59 -0.05
-16.79 -32.29 -5.54 1.03 0.89 -3.21 274.21 1.68 1.68 45.19 4.38 1.92
28.52 0.59 72.67 46.43 -5.49 -2.92 -373.98 -25.84 -4.29 -159.31 -10.03 -1.77
Net Cash Flow 7.65 12.94 -11.53 -2.98 -2.59 0.16 -6.73 0.07 0.85 -0.96 -0.06 0.10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 249.27 330.32 537.04 956.27 569.13 439.30 761.41 1,880.01 2,165.02 4,005.41 24,459.49 5,917,015.00
Inventory Days 27.84 28.00 32.24 77.37 45.71 28.14 12.15 19.01 28.45 5.91 116.14
Days Payable 146.19 44.32 62.40 146.69 110.79 127.24 70.32 135.14 185.24 313.52 3,135.68
Cash Conversion Cycle 130.91 314.01 506.87 886.95 504.04 340.21 703.24 1,763.88 2,008.23 3,697.79 21,439.94 5,917,015.00
Working Capital Days 140.23 246.08 530.61 939.98 541.42 438.36 754.10 1,998.70 2,271.75 4,018.60 25,621.80 6,281,285.00
ROCE % 6.01% -0.28% -10.79% -4.90% -3.10% -4.32% -0.23% -1.68% -1.38% -2.49% 0.89% -0.09%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
21.05% 21.05% 21.05% 21.05% 21.05% 21.05% 21.05% 22.16% 22.16% 22.16% 22.16% 22.16%
0.59% 0.59% 0.59% 0.59% 0.59% 15.53% 15.53% 11.09% 11.09% 11.09% 11.09% 11.09%
14.94% 14.94% 14.94% 14.94% 14.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
63.42% 63.42% 63.42% 63.42% 63.42% 63.42% 63.42% 66.75% 66.76% 66.76% 66.76% 66.75%
No. of Shareholders 7,7367,8178,3759,2309,2759,3609,4959,4959,4909,4879,4839,480

* 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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