Jindal Worldwide Ltd

₹ 336 0.76%

25 Apr 3:47 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 ₹ 6,744 Cr.
Current Price ₹ 336
High / Low ₹ 440 / 268
Stock P/E 91.1
Book Value ₹ 33.5
Dividend Yield 0.06 %
ROCE 15.7 %
ROE 19.5 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 9.93 times its book value
Promoter holding has decreased over last quarter: -1.00%
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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Detailed Comparison with:

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
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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:	42%
5 Years:	37%
3 Years:	95%
1 Year:	-9%

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

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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