Jindal Worldwide Ltd

₹ 334 0.69%

24 Apr 4:01 p.m.

jindaltextiles.com BSE: 531543 NSE : JINDWORLD

About

Jindal Worldwide Ltd is engaged in the Textiles Sector and the main business activities are related to the manufacturing of Denim fabric, premium shirtings, yarn dyeing, bottom weights and home textiles through its various internal divisions ^[1]

Key Points

Leading Denim Manufacturer
Founded in 1986 by Dr Yamunadutt Agrawal, Jindal Worldwide Ltd is a diversified and integrated textile fabrics and shirting manufacturer and one of the leading denim fabric manufacturers in India. JWL is the flagship company of the Ahmedabad-based Jindal Group. In 2022 the company ventured into EV vehicles by acquiring Earth Energy. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 6,703 Cr.
Current Price ₹ 334
High / Low ₹ 440 / 268
Stock P/E 92.7
Book Value ₹ 33.4
Dividend Yield 0.06 %
ROCE 16.3 %
ROE 19.3 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 10.0 times its book value
Promoter holding has decreased over last quarter: -1.00%
The company has delivered a poor sales growth of 5.51% over past five years.

* 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: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	628	647	519	615	692	758	670	499	414	566	418	400	446
	583	623	479	567	634	693	600	443	374	518	384	373	404
Operating Profit	45	24	41	49	58	65	70	57	40	49	34	27	42
OPM %	7%	4%	8%	8%	8%	9%	10%	11%	10%	9%	8%	7%	9%
	0	19	1	3	1	1	2	1	2	0	0	0	0
Interest	8	10	11	11	11	12	11	13	11	8	10	7	9
Depreciation	7	7	7	7	7	7	7	7	7	7	5	5	5
Profit before tax	30	27	23	33	41	47	55	38	25	34	19	15	28
Tax %	25%	34%	25%	25%	25%	25%	26%	20%	30%	26%	29%	20%	25%
	22	18	18	25	31	35	41	31	17	26	14	12	21
EPS in Rs	1.11	0.88	0.88	1.23	1.55	1.75	2.03	1.52	0.86	1.28	0.67	0.61	1.05
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	502	604	780	840	1,008	1,157	1,643	2,114	2,017	1,710	2,584	2,149	1,831
	465	559	710	752	868	1,020	1,463	1,983	1,878	1,596	2,372	1,931	1,679
Operating Profit	38	45	70	88	140	138	180	130	139	114	212	218	152
OPM %	8%	7%	9%	10%	14%	12%	11%	6%	7%	7%	8%	10%	8%
	3	2	3	4	1	28	8	6	7	25	5	1	2
Interest	19	22	23	24	43	36	52	56	60	48	45	42	35
Depreciation	5	6	18	32	47	49	51	41	44	28	28	25	22
Profit before tax	17	18	32	35	51	81	85	40	43	62	145	152	97
Tax %	12%	33%	21%	24%	21%	18%	31%	33%	25%	29%	25%	25%
	15	12	25	27	40	66	58	26	32	44	109	114	72
EPS in Rs	0.75	0.61	1.25	1.33	2.01	3.31	2.91	1.32	1.60	2.20	5.41	5.69	3.61
Dividend Payout %	7%	8%	4%	4%	2%	2%	2%	4%	3%	7%	2%	4%

Compounded Sales Growth
10 Years:	14%
5 Years:	6%
3 Years:	2%
TTM:	-22%

Compounded Profit Growth
10 Years:	25%
5 Years:	15%
3 Years:	54%
TTM:	-41%

Stock Price CAGR
10 Years:	41%
5 Years:	37%
3 Years:	95%
1 Year:	-10%

Return on Equity
10 Years:	16%
5 Years:	14%
3 Years:	17%
Last Year:	19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	20	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	80	95	119	152	192	251	300	326	356	400	514	627	649
	115	158	310	349	342	372	471	433	516	438	599	597	515
	71	111	152	144	165	166	292	326	204	146	131	178	142
Total Liabilities	287	384	601	665	719	810	1,083	1,104	1,096	1,004	1,264	1,422	1,326
	98	154	295	349	337	298	274	324	285	215	192	172	172
CWIP	2	2	4	12	0	25	27	0	0	1	0	3	0
Investments	7	7	7	7	6	6	25	34	23	14	23	38	48
	180	221	295	297	377	480	758	746	788	774	1,050	1,209	1,106
Total Assets	287	384	601	665	719	810	1,083	1,104	1,096	1,004	1,264	1,422	1,326

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	46	40	-1	97	99	8	29	169	65	71	-109	344
	-12	-61	-159	-92	-20	-10	-43	-72	9	70	-3	-23
	-24	19	144	18	-100	-0	23	-98	-72	-128	112	-47
Net Cash Flow	10	-2	-15	22	-21	-2	8	-1	1	14	-0	274

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	33	36	42	37	64	67	87	62	77	80	70	85
Inventory Days	40	63	90	76	70	58	93	62	57	80	48	68
Days Payable	54	72	69	52	77	51	88	66	34	34	21	36
Cash Conversion Cycle	19	27	62	62	57	74	92	58	100	126	97	117
Working Capital Days	57	55	75	67	67	94	93	64	100	129	127	124
ROCE %	17%	16%	15%	12%	18%	15%	19%	12%	12%	10%	19%	16%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	61.15%	61.27%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.31%	61.31%	60.31%
	0.00%	0.02%	0.06%	0.13%	0.13%	0.13%	0.12%	0.08%	0.03%	0.63%	0.46%	0.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.01%	0.02%
	38.85%	38.70%	38.62%	38.54%	38.55%	38.53%	38.55%	38.59%	38.64%	38.03%	38.21%	39.64%
No. of Shareholders	7,095	9,290	12,795	15,537	14,525	13,518	12,001	11,870	11,635	12,731	14,260	13,624

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	61.05%	61.15%	61.15%	61.15%	61.15%	61.32%	61.32%	60.31%
	0.00%	0.27%	0.16%	0.04%	0.00%	0.13%	0.08%	0.03%
	0.00%	0.07%	0.03%	2.79%	0.00%	0.00%	0.02%	0.02%
	38.95%	38.51%	38.66%	36.02%	38.85%	38.54%	38.59%	39.64%
No. of Shareholders	1,677	2,874	3,140	2,976	4,158	15,537	11,870	13,624

* 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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