Jiwanram Sheoduttrai Industries Ltd
Incorporated in 1997, Jiwanram Sheoduttrai Industries Limited manufactures Leather Gloves, Coats & other safety Items[1]
- Market Cap ₹ 14.6 Cr.
- Current Price ₹ 5.90
- High / Low ₹ 16.0 / 5.80
- Stock P/E 6.01
- Book Value ₹ 26.5
- Dividend Yield 0.00 %
- ROCE 4.40 %
- ROE 4.20 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.22 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 5.12% over last 3 years.
- Contingent liabilities of Rs.7.84 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.51 Cr.
- Company has high debtors of 325 days.
- Promoter holding has decreased over last 3 years: -36.0%
* 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
Industrials Capital Goods Industrial Products Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 33.64 | 24.01 | 22.94 | 30.52 | 34.08 | 42.32 | 43.05 | 53.90 | 46.23 | |
| 35.38 | 23.56 | 20.86 | 27.67 | 31.01 | 37.81 | 39.00 | 50.36 | 43.73 | |
| Operating Profit | -1.74 | 0.45 | 2.08 | 2.85 | 3.07 | 4.51 | 4.05 | 3.54 | 2.50 |
| OPM % | -5.17% | 1.87% | 9.07% | 9.34% | 9.01% | 10.66% | 9.41% | 6.57% | 5.41% |
| 6.55 | 3.68 | 0.82 | -0.18 | 1.43 | 3.65 | 0.91 | 1.27 | 1.51 | |
| Interest | 3.71 | 3.12 | 1.87 | 1.88 | 1.79 | 1.90 | 2.04 | 1.99 | 1.75 |
| Depreciation | 1.08 | 0.86 | 0.80 | 0.64 | 0.58 | 0.65 | 0.67 | 0.53 | 0.47 |
| Profit before tax | 0.02 | 0.15 | 0.23 | 0.15 | 2.13 | 5.61 | 2.25 | 2.29 | 1.79 |
| Tax % | 2,550.00% | 93.33% | 78.26% | 80.00% | 29.58% | 28.34% | 22.22% | 0.44% | |
| -0.49 | 0.01 | 0.05 | 0.03 | 1.50 | 4.03 | 1.75 | 2.29 | 2.03 | |
| EPS in Rs | -0.99 | 0.02 | 0.10 | 0.06 | 3.03 | 2.33 | 0.71 | 0.93 | 0.82 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 70% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 17.33 | 24.75 | 24.75 | 24.75 |
| Reserves | 38.89 | 38.61 | 38.38 | 38.12 | 39.33 | 30.70 | 38.24 | 40.24 | 40.75 |
| 49.65 | 43.70 | 46.09 | 48.87 | 52.31 | 52.61 | 47.19 | 44.63 | 46.39 | |
| 50.44 | 46.50 | 45.63 | 28.66 | 17.18 | 20.49 | 16.18 | 26.58 | 26.80 | |
| Total Liabilities | 143.93 | 133.76 | 135.05 | 120.60 | 113.77 | 121.13 | 126.36 | 136.20 | 138.69 |
| 34.55 | 33.41 | 29.85 | 27.92 | 27.32 | 26.47 | 25.69 | 22.03 | 21.68 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.60 | 0.60 | 0.60 | 0.60 |
| Investments | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.03 | 0.03 | 0.03 | 0.04 |
| 108.67 | 99.64 | 104.49 | 91.97 | 85.74 | 94.03 | 100.04 | 113.54 | 116.37 | |
| Total Assets | 143.93 | 133.76 | 135.05 | 120.60 | 113.77 | 121.13 | 126.36 | 136.20 | 138.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 12.49 | 7.33 | -2.62 | -2.62 | -5.57 | 1.43 | -4.35 | 3.07 | |
| 0.94 | 5.51 | 1.21 | 1.21 | -0.16 | 0.10 | -0.10 | 3.01 | |
| -13.78 | -12.88 | 2.83 | 2.83 | 5.09 | -1.38 | 4.47 | -6.54 | |
| Net Cash Flow | -0.36 | -0.04 | 1.42 | 1.42 | -0.64 | 0.15 | 0.02 | -0.46 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 579.73 | 803.27 | 820.85 | 506.24 | 369.82 | 374.14 | 318.88 | 325.18 |
| Inventory Days | 430.63 | 576.33 | 918.58 | 525.14 | 511.18 | 375.44 | 441.04 | 369.75 |
| Days Payable | 511.64 | 681.04 | 1,048.46 | 460.04 | 113.81 | 103.72 | 64.21 | 114.52 |
| Cash Conversion Cycle | 498.72 | 698.56 | 690.97 | 571.33 | 767.19 | 645.86 | 695.71 | 580.41 |
| Working Capital Days | 359.57 | 579.65 | 590.46 | 503.13 | 544.39 | 491.96 | 581.03 | 486.22 |
| ROCE % | 1.69% | 3.50% | 4.97% | 2.73% | 7.64% | 4.07% | 4.40% |
Documents
Announcements
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited standalone results for half-year ended 30 Sep 2025; limited review report enclosed.
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited standalone financial results for half-year ended 30 Sep 2025; limited review attached.
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited standalone H1 financial results ended 30 Sep 2025; limited review attached.
-
Updates
7 November 2025 - Board meeting on 14 Nov 2025 to consider standalone unaudited H1 FY2026 results (30 Sep 2025).
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 October 2025 - Registrar's certificate confirming compliance under Reg 74(5) for quarter ended 30 Sep 2025; no physical folios.
Business Overview:[1][2][3]
JSIL, based out of Kolkata, is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 accredited manufacturer of leather work gloves, work and safety wear (textile garments) and other leather accessories such as wallets, purses and bags for men and women. Company is registered as an Original Equipment Manufacturer (OEM) at the Gov-e-Market place.