Jindal Cotex Ltd

₹ 3.75 -5.06%
May 09 - close price
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)

  • Market Cap 16.9 Cr.
  • Current Price 3.75
  • High / Low 4.98 / 1.90
  • Stock P/E
  • Book Value 15.6
  • Dividend Yield 0.00 %
  • ROCE -1.38 %
  • ROE -6.40 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.24 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.32% over past five years.
  • Promoter holding is low: 21.05%
  • Company has a low return on equity of -7.72% for last 3 years.
  • Contingent liabilities of Rs.327.61 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 93.91% of their holding.
  • Company has high debtors of 2152.87 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
21 10 7 5 10 2 5 13 8 7 2 4
28 10 8 6 11 2 6 12 8 7 3 4
Operating Profit -7 1 -1 -0 -0 -0 -0 1 0 0 -1 -0
OPM % -35% 6% -13% -1% -4% -24% -10% 9% 1% 2% -28% -12%
20 0 0 0 23 0 0 0 0 0 0 15
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 1 1 1 1
Profit before tax 11 -1 -2 -1 21 -2 -2 -0 -1 -1 -2 13
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 11 -1 -2 -1 21 -2 -2 -0 -1 -1 -2 13
EPS in Rs 2.38 -0.22 -0.51 -0.32 4.65 -0.38 -0.40 -0.04 -0.30 -0.25 -0.44 2.79

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
146.28 268.79 447.61 656.62 347.86 187.34 100.82 175.09 231.57 83.90 32.78 28.51 21.54
134.67 237.97 450.99 609.63 340.26 244.32 113.37 176.45 239.87 80.16 33.23 28.18 22.45
Operating Profit 11.61 30.82 -3.38 46.99 7.60 -56.98 -12.55 -1.36 -8.30 3.74 -0.45 0.33 -0.91
OPM % 7.94% 11.47% -0.76% 7.16% 2.18% -30.42% -12.45% -0.78% -3.58% 4.46% -1.37% 1.16% -4.22%
2.50 3.25 22.25 11.05 2.50 0.95 1.74 1.89 1.73 16.24 23.69 1.51 16.01
Interest 3.10 10.83 23.26 40.86 47.85 58.68 61.94 0.70 1.77 0.83 0.91 0.83 1.08
Depreciation 3.08 9.29 12.54 17.12 12.13 19.47 20.09 19.52 19.94 6.21 6.12 6.03 5.91
Profit before tax 7.93 13.95 -16.93 0.06 -49.88 -134.18 -92.84 -19.69 -28.28 12.94 16.21 -5.02 8.11
Tax % 7.06% 21.29% -1.48% 0.00% -0.10% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 7.37 10.98 -17.18 0.06 -49.92 -134.17 -92.82 -17.60 -22.20 12.94 16.20 -5.02 8.11
EPS in Rs 2.95 2.44 -3.82 0.01 -11.09 -29.81 -20.63 -3.91 -4.93 2.88 3.60 -1.12 1.80
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: -20%
5 Years: -22%
3 Years: -50%
TTM: -29%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 21%
TTM: -13%
Stock Price CAGR
10 Years: -24%
5 Years: -21%
3 Years: 5%
1 Year: 92%
Return on Equity
10 Years: %
5 Years: %
3 Years: -8%
Last Year: -6%

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 Sep 2021
25.00 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 94.67 254.31 237.55 250.47 236.08 59.85 -32.97 -48.96 -71.80 17.04 33.01 27.99 25.10
Borrowings 90.56 288.27 358.47 414.93 462.62 541.65 599.15 611.39 605.84 240.91 215.98 212.52 209.30
20.61 50.21 87.42 254.43 84.20 49.48 54.18 51.57 65.50 16.09 10.24 10.80 10.17
Total Liabilities 230.84 637.79 728.44 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 289.57
81.10 118.85 254.24 231.28 233.24 266.80 253.52 234.81 217.49 66.19 59.63 53.61 50.63
CWIP 71.52 219.27 159.27 181.81 199.96 89.18 82.27 81.93 46.67 0.00 0.00 0.00 0.00
Investments 0.00 0.02 0.02 0.02 0.02 0.20 0.20 0.20 0.20 1.11 1.11 1.11 1.11
78.22 299.65 314.91 551.72 394.68 339.80 329.37 342.06 380.18 251.74 243.49 241.59 237.83
Total Assets 230.84 637.79 728.44 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 289.57

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
-0.21 -21.15 -109.96 -4.08 44.64 -78.66 -50.44 2.00 6.30 93.04 24.22 3.46
-98.53 -194.73 -88.66 -16.79 -32.29 -5.54 1.03 0.89 -3.21 274.21 1.68 1.68
110.70 358.47 42.35 28.52 0.59 72.67 46.43 -5.49 -2.92 -373.98 -25.84 -4.29
Net Cash Flow 11.96 142.59 -156.27 7.65 12.94 -11.53 -2.98 -2.59 0.16 -6.73 0.07 0.85

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 27.20 46.52 151.61 249.27 330.32 537.04 956.27 569.13 439.30 761.41 1,880.01 2,152.87
Inventory Days 59.81 92.29 28.81 27.84 28.00 32.24 77.37 45.71 28.14 12.15 19.01 28.47
Days Payable 47.57 60.05 47.98 146.19 44.32 62.40 146.69 110.79 127.24 70.32 135.14 185.35
Cash Conversion Cycle 39.44 78.76 132.44 130.91 314.01 506.87 886.95 504.04 340.21 703.24 1,763.88 1,995.99
Working Capital Days 93.57 127.86 195.38 162.08 300.30 530.61 939.98 541.44 438.36 789.91 1,998.70 2,259.01
ROCE % 7.46% 6.19% 1.01% 6.06% -0.28% -10.85% -4.93% -3.12% -4.30% -0.22% -1.68% -1.38%

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
21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05
0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.59
15.28 14.94 14.94 14.94 14.94 14.94 14.94 14.94 14.94 14.94 14.94 14.94
63.07 63.42 63.42 63.42 63.42 63.42 63.42 63.42 63.42 63.42 63.42 63.42

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