Jindal Cotex Ltd

Jindal Cotex Ltd

₹ 2.50 4.17%
28 Nov 2022
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 11.2 Cr.
  • Current Price 2.50
  • High / Low /
  • Stock P/E
  • Book Value 41.2
  • Dividend Yield 0.00 %
  • ROCE 0.89 %
  • ROE 0.36 %
  • Face Value 10.0

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 -59.8% over past five years.
  • Promoter holding is low: 21.1%
  • Company has a low return on equity of -3.03% over last 3 years.
  • Contingent liabilities of Rs.328 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 93.9% of their holding.
  • Company has high debtors of 24,459 days.
  • Working capital days have increased from 10,637 days to 25,622 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: Trading Industry: Trading

Loading peers table ...

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
13.15 8.49 6.82 2.47 3.76 2.20 2.44 0.00 0.00 0.00 0.01 0.00 0.00
11.97 8.42 6.66 3.17 4.20 24.09 0.76 0.33 0.36 0.93 0.58 0.30 0.94
Operating Profit 1.18 0.07 0.16 -0.70 -0.44 -21.89 1.68 -0.33 -0.36 -0.93 -0.57 -0.30 -0.94
OPM % 8.97% 0.82% 2.35% -28.34% -11.70% -995.00% 68.85% -5,700.00%
0.41 0.28 0.40 0.44 14.89 115.08 0.74 8.19 1.34 1.91 0.47 0.56 9.30
Interest 0.20 0.24 0.22 0.22 0.40 0.06 0.23 0.49 0.25 0.25 0.26 0.27 0.27
Depreciation 1.56 1.44 1.49 1.49 1.49 0.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.17 -1.33 -1.15 -1.97 12.56 92.14 2.19 7.37 0.73 0.73 -0.36 -0.01 8.09
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%
-0.17 -1.34 -1.14 -1.97 12.56 92.14 2.19 7.36 0.73 0.72 -0.36 -0.01 8.09
EPS in Rs -0.04 -0.30 -0.25 -0.44 2.79 20.47 0.49 1.64 0.16 0.16 -0.08 -0.00 1.80
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
447.61 656.62 347.86 187.34 100.82 175.09 231.57 83.90 32.78 28.35 15.22 2.44 0.01
450.99 609.63 340.26 244.32 113.37 176.45 239.87 80.16 33.23 28.02 17.90 2.20 2.75
Operating Profit -3.38 46.99 7.60 -56.98 -12.55 -1.36 -8.30 3.74 -0.45 0.33 -2.68 0.24 -2.74
OPM % -0.76% 7.16% 2.18% -30.42% -12.45% -0.78% -3.58% 4.46% -1.37% 1.16% -17.61% 9.84% -27,400.00%
22.25 11.05 2.50 0.95 1.74 1.89 1.73 16.24 23.69 1.51 110.62 12.18 12.24
Interest 23.26 40.86 47.85 58.68 61.94 0.70 1.77 0.83 0.91 0.83 0.90 1.40 1.05
Depreciation 12.54 17.12 12.13 19.47 20.09 19.52 19.94 6.21 6.12 6.03 5.46 0.01 0.00
Profit before tax -16.93 0.06 -49.88 -134.18 -92.84 -19.69 -28.28 12.94 16.21 -5.02 101.58 11.01 8.45
Tax % -1.48% 0.00% -0.10% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-17.18 0.06 -49.92 -134.17 -92.82 -19.68 -28.28 12.94 16.20 -5.02 101.58 11.00 8.44
EPS in Rs -3.82 0.01 -11.09 -29.81 -20.63 -3.91 -4.93 2.88 3.60 -1.12 22.57 2.44 1.88
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: -43%
5 Years: -60%
3 Years: -58%
TTM: -100%
Compounded Profit Growth
10 Years: 27%
5 Years: 15%
3 Years: 28%
TTM: 91%
Stock Price CAGR
10 Years: -16%
5 Years: -9%
3 Years: 14%
1 Year: %
Return on Equity
10 Years: %
5 Years: -4%
3 Years: -3%
Last Year: 0%

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 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 237.55 259.97 236.11 59.88 -32.94 -48.96 -71.80 17.04 33.01 27.99 129.57 140.59 140.22
358.47 414.93 462.62 541.65 599.15 611.39 605.84 240.91 215.98 212.52 54.11 45.29 44.90
87.42 244.93 84.17 49.45 54.15 51.57 65.50 16.09 10.24 10.80 17.48 5.71 5.87
Total Liabilities 728.44 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 246.16 236.59 235.99
254.24 231.28 233.24 266.80 253.52 234.81 217.49 66.19 59.63 53.61 4.68 2.13 2.12
CWIP 159.27 181.81 199.96 89.18 82.27 81.93 46.67 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.02 0.02 0.20 0.20 0.20 0.20 1.11 1.11 1.11 1.11 1.12 1.12
314.91 551.72 394.68 339.80 329.37 342.06 380.18 251.74 243.49 241.59 240.37 233.34 232.75
Total Assets 728.44 964.83 827.90 695.98 665.36 659.00 644.54 319.04 304.23 296.31 246.16 236.59 235.99

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
-109.96 -4.08 44.64 -78.66 -50.44 2.00 6.30 93.04 24.22 3.46 113.17 5.59
-88.66 -16.79 -32.29 -5.54 1.03 0.89 -3.21 274.21 1.68 1.68 45.19 4.38
42.35 28.52 0.59 72.67 46.43 -5.49 -2.92 -373.98 -25.84 -4.29 -159.31 -10.03
Net Cash Flow -156.27 7.65 12.94 -11.53 -2.98 -2.59 0.16 -6.73 0.07 0.85 -0.96 -0.06

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 151.61 249.27 330.32 537.04 956.27 569.13 439.30 761.41 1,880.01 2,165.02 4,005.41 24,459.49
Inventory Days 28.81 27.84 28.00 32.24 77.37 45.71 28.14 12.15 19.01 28.45 5.91 116.14
Days Payable 47.98 146.19 44.32 62.40 146.69 110.79 127.24 70.32 135.14 185.24 313.52 3,135.68
Cash Conversion Cycle 132.44 130.91 314.01 506.87 886.95 504.04 340.21 703.24 1,763.88 2,008.23 3,697.79 21,439.94
Working Capital Days 163.86 140.23 246.08 530.61 939.98 541.42 438.36 754.10 1,998.70 2,271.75 4,018.60 25,621.80
ROCE % 1.01% 6.01% -0.28% -10.79% -4.90% -3.10% -4.32% -0.23% -1.68% -1.38% -2.49% 0.89%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
21.05% 21.05% 21.05% 21.05% 21.05% 21.05% 21.05% 21.05% 22.16% 22.16% 22.16% 22.16%
0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 15.53% 15.53% 11.09% 11.09% 11.09% 11.09%
14.94% 14.94% 14.94% 14.94% 14.94% 14.94% 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% 63.42% 66.75% 66.76% 66.76% 66.76%
No. of Shareholders 7,6377,7367,8178,3759,2309,2759,3609,4959,4959,4909,4879,483

* 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.

Click on the line-items to see the names of individual entities.

Documents