JMC Projects (India) Ltd

About [ edit ]

JMC Projects (India) is primarily engaged in Engineering, Procurrement and Construction (EPC) business.

  • Market Cap 1,342 Cr.
  • Current Price 80.0
  • High / Low 94.0 / 31.9
  • Stock P/E
  • Book Value 26.8
  • Dividend Yield 0.88 %
  • ROCE 14.0 %
  • ROE 0.13 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 346.83%

Cons

  • Stock is trading at 2.98 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.60% for last 3 years.
  • Contingent liabilities of Rs.661.31 Cr.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
726.28 767.84 932.64 980.46 946.92 976.64 966.47 976.28 498.38 842.67 1,111.19
631.28 671.18 816.66 857.93 819.77 858.10 839.99 927.63 462.38 751.55 991.05
Operating Profit 95.00 96.66 115.98 122.53 127.15 118.54 126.48 48.65 36.00 91.12 120.14
OPM % 13.08% 12.59% 12.44% 12.50% 13.43% 12.14% 13.09% 4.98% 7.22% 10.81% 10.81%
Other Income 6.43 5.68 6.82 7.41 4.94 8.93 5.49 8.53 4.79 5.76 5.81
Interest 58.28 57.92 60.28 54.32 64.93 64.82 65.17 65.91 61.61 64.23 63.24
Depreciation 26.46 26.83 30.32 26.72 35.41 35.62 40.64 43.59 41.01 44.39 47.28
Profit before tax 16.69 17.59 32.20 48.90 31.75 27.03 26.16 -52.32 -61.83 -11.74 15.43
Tax % 36.07% 41.27% 36.68% 43.03% 35.09% 46.58% 20.07% -4.66% 15.56% -54.43% 82.50%
Net Profit 10.67 10.33 20.39 35.24 20.61 14.44 20.91 -54.76 -52.21 -18.13 2.70
EPS in Rs 0.64 0.62 1.21 2.10 1.23 0.86 1.25 -3.26 -3.11 -1.08 0.16

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,312 1,313 1,378 2,065 2,542 2,664 2,470 2,544 2,472 2,888 3,407 3,866 3,429
1,206 1,208 1,262 1,918 2,427 2,528 2,260 2,279 2,160 2,519 2,958 3,423 3,133
Operating Profit 106 105 117 148 115 136 209 265 312 369 449 443 296
OPM % 8% 8% 8% 7% 5% 5% 8% 10% 13% 13% 13% 11% 9%
Other Income 9 13 4 11 7 9 13 8 -21 18 24 27 25
Interest 33 30 34 54 62 87 168 241 236 236 247 282 255
Depreciation 30 35 40 47 55 61 65 89 87 100 110 155 176
Profit before tax 52 53 48 58 6 -3 -11 -56 -32 50 115 33 -110
Tax % 29% 25% 25% 22% -39% -225% -131% -18% -34% 47% 34% 96%
Net Profit 37 40 35 45 9 -11 -24 -66 -43 27 77 1 -122
EPS in Rs 2.63 2.11 2.69 0.51 -0.63 -1.45 -3.95 -2.56 1.60 4.56 0.07 -7.29
Dividend Payout % 10% 11% 15% 12% 30% -25% -11% -5% -12% 38% 15% 988%
Compounded Sales Growth
10 Years:11%
5 Years:9%
3 Years:16%
TTM:-11%
Compounded Profit Growth
10 Years:-33%
5 Years:15%
3 Years:26%
TTM:-234%
Stock Price CAGR
10 Years:10%
5 Years:12%
3 Years:-14%
1 Year:97%
Return on Equity
10 Years:1%
5 Years:-0%
3 Years:7%
Last Year:0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
43 22 26 26 26 26 26 34 34 34 34 34 34
Reserves 160 229 346 385 390 425 391 497 448 468 536 505 417
Borrowings 198 171 187 461 906 1,507 2,005 1,705 1,597 1,689 1,668 1,746 1,574
444 465 699 592 685 940 1,120 1,683 1,914 2,334 2,769 2,950 3,094
Total Liabilities 820 887 1,259 1,465 2,008 2,898 3,542 3,918 3,992 4,524 5,007 5,235 5,118
222 211 228 274 257 679 2,023 2,072 2,058 2,078 2,122 2,186 2,142
CWIP 2 8 46 245 875 1,047 32 0 10 4 7 15 25
Investments 3 6 38 7 7 9 11 23 0 0 0 0 0
593 661 948 940 869 1,164 1,477 1,822 1,924 2,442 2,877 3,034 2,952
Total Assets 820 887 1,259 1,465 2,008 2,898 3,542 3,918 3,992 4,524 5,007 5,235 5,118

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-1 75 64 34 293 92 73 337 451 392 336 479
-52 -25 -120 -267 -652 -661 -380 -322 -120 -164 -189 -299
57 -42 74 219 376 561 302 -42 -341 -99 -220 -206
Net Cash Flow 4 8 19 -13 16 -9 -5 -27 -10 129 -74 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 25% 20% 17% 16% 6% 5% 7% 8% 9% 13% 16% 14%
Debtor Days 120 137 134 53 17 35 60 94 98 92 99 86
Inventory Turnover 6.24 6.56 4.38 4.56 3.98 3.88 3.45 4.30 5.10 6.15 6.54 7.28

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.19 67.19 67.19 67.19 67.19 67.19 67.19 67.36 67.75 67.75 67.75 67.75
1.23 1.21 1.06 1.08 1.11 0.68 0.53 0.50 0.29 0.25 0.25 0.24
14.13 14.44 15.85 16.24 16.49 17.14 17.99 18.49 17.04 17.06 16.61 16.47
17.45 17.16 15.90 15.49 15.21 14.99 14.29 13.65 14.92 14.94 15.38 15.54

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