Jindal Worldwide Ltd

Jindal Worldwide Ltd

₹ 400 -4.61%
04 Mar 4:01 p.m.
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]

  • Market Cap 8,055 Cr.
  • Current Price 400
  • High / Low 440 / 268
  • Stock P/E 109
  • Book Value 33.5
  • Dividend Yield 0.05 %
  • ROCE 15.7 %
  • ROE 19.5 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 11.9 times its book value
  • The company has delivered a poor sales growth of 4.64% 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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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
590 642 524 631 676 729 639 478 404 549 411 392 438
544 618 482 582 617 663 565 416 361 492 368 357 387
Operating Profit 46 24 43 49 59 66 74 61 43 57 42 35 51
OPM % 8% 4% 8% 8% 9% 9% 12% 13% 11% 10% 10% 9% 12%
3 19 1 4 1 0 1 1 2 0 0 0 1
Interest 9 11 11 11 11 12 12 13 14 13 15 11 15
Depreciation 8 7 8 8 8 8 7 8 9 9 8 8 8
Profit before tax 33 25 25 33 41 46 56 41 22 36 19 16 28
Tax % 23% 36% 25% 25% 25% 25% 25% 20% 32% 25% 29% 22% 25%
25 16 19 25 31 35 42 33 15 27 14 13 21
EPS in Rs 1.26 0.81 0.94 1.25 1.53 1.72 2.08 1.63 0.74 1.32 0.68 0.64 1.05
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
502 604 779 837 1,008 1,157 1,650 2,212 2,199 1,700 2,559 2,070 1,790
465 559 710 752 868 1,020 1,465 2,013 2,060 1,583 2,343 1,832 1,605
Operating Profit 38 45 69 85 140 138 184 199 139 116 216 238 185
OPM % 8% 7% 9% 10% 14% 12% 11% 9% 6% 7% 8% 12% 10%
4 3 4 7 1 28 8 7 7 25 5 1 2
Interest 19 22 23 25 43 36 54 74 61 49 45 52 54
Depreciation 5 6 18 32 47 49 53 88 45 29 30 34 34
Profit before tax 17 20 32 35 51 81 85 44 39 62 146 154 99
Tax % 12% 31% 21% 24% 21% 18% 31% 30% 28% 29% 25% 25%
15 14 25 27 40 66 59 31 28 44 109 116 74
EPS in Rs 0.75 0.68 1.27 1.33 2.01 3.31 2.92 1.50 1.42 2.20 5.45 5.77 3.69
Dividend Payout % 7% 7% 4% 4% 2% 2% 2% 3% 4% 7% 2% 3%
Compounded Sales Growth
10 Years: 13%
5 Years: 5%
3 Years: -2%
TTM: -20%
Compounded Profit Growth
10 Years: 24%
5 Years: 15%
3 Years: 60%
TTM: -40%
Stock Price CAGR
10 Years: 45%
5 Years: 42%
3 Years: 94%
1 Year: 25%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 17%
Last Year: 20%

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 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 80 95 119 153 192 251 300 330 356 400 516 630 652
115 158 310 356 342 372 565 646 529 444 599 837 714
79 115 157 139 166 167 367 410 208 149 109 190 151
Total Liabilities 295 389 607 667 720 811 1,252 1,405 1,112 1,013 1,244 1,677 1,538
98 155 297 350 338 299 395 568 296 224 205 370 365
CWIP 2 2 4 12 0 25 27 0 0 6 0 9 9
Investments 9 8 6 5 5 5 3 4 20 11 19 24 24
186 223 300 299 378 482 826 834 797 771 1,020 1,275 1,140
Total Assets 295 389 607 667 720 811 1,252 1,405 1,112 1,013 1,244 1,677 1,538

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
53 40 16 97 99 8 39 271 22 83 -104 306
-12 -61 -157 -91 -20 -10 -166 -118 215 65 -2 -212
-32 19 125 17 -100 -0 140 -143 -250 -135 105 184
Net Cash Flow 10 -2 -15 22 -21 -2 13 9 -13 13 -0 278

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 33 36 42 37 64 67 88 60 71 82 68 88
Inventory Days 40 63 90 76 70 58 93 65 52 82 50 86
Days Payable 54 72 69 52 77 51 113 85 31 34 17 41
Cash Conversion Cycle 19 27 62 62 57 74 68 40 91 130 102 133
Working Capital Days 54 53 74 67 66 94 91 55 92 128 127 138
ROCE % 17% 17% 15% 12% 18% 15% 18% 12% 11% 10% 19% 16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.15% 61.15% 61.27% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.31% 61.31%
0.00% 0.00% 0.02% 0.06% 0.13% 0.13% 0.13% 0.12% 0.08% 0.03% 0.63% 0.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.02% 0.01%
38.85% 38.85% 38.70% 38.62% 38.54% 38.55% 38.53% 38.55% 38.59% 38.64% 38.03% 38.21%
No. of Shareholders 4,1587,0959,29012,79515,53714,52513,51812,00111,87011,63512,73114,260

* 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.

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