Jaiprakash Associates Ltd

Jaiprakash Associates Ltd

₹ 24.4 -4.87%
23 Feb - close price
About

Jaiprakash Associates Limited is a Noida based Construction company mainly engaged in the business of Engineering & Construction, Manufacturing of Cement, Power, Real Estate Development, Hotel/ Hospitality, Sports, etc. [1]

Key Points

Revenue Segments FY22
Fertilisers: 37%
Construction: 33.5%
Cement: 22%
Real Estate/ Infrastructure Revenue: 4%
Hotel & Hospitality Revenue: 3%
Others: 0.5% [1]

  • Market Cap 5,987 Cr.
  • Current Price 24.4
  • High / Low 27.2 / 6.55
  • Stock P/E
  • Book Value -6.84
  • Dividend Yield 0.00 %
  • ROCE 2.74 %
  • ROE %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -7.73%
  • The company has delivered a poor sales growth of -1.02% over past five years.
  • Promoter holding is low: 30.0%
  • Contingent liabilities of Rs.8,495 Cr.

* 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: Construction Industry: Construction

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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
1,440 2,517 1,484 1,690 1,889 1,639 1,660 1,954 1,876 1,908 1,429 1,896 1,503
1,366 1,826 1,419 1,708 1,837 1,906 1,587 1,917 1,741 1,658 1,351 1,806 1,406
Operating Profit 74 692 65 -18 51 -267 73 37 136 250 78 90 97
OPM % 5% 27% 4% -1% 3% -16% 4% 2% 7% 13% 5% 5% 6%
10 143 16 113 35 72 -43 71 -53 -308 68 15 -189
Interest 247 259 239 261 288 247 286 313 281 174 226 253 270
Depreciation 145 137 134 143 134 110 100 145 101 77 97 96 96
Profit before tax -308 439 -291 -309 -336 -552 -356 -349 -299 -309 -176 -245 -459
Tax % 2% 3% -1% -1% -4% 1% -7% 3% -5% -2% -4% -1% -4%
-302 424 -293 -311 -348 -546 -381 -340 -315 -316 -183 -248 -476
EPS in Rs -1.23 1.74 -1.18 -1.24 -1.40 -2.20 -1.53 -1.36 -1.26 -1.31 -0.74 -1.00 -1.93
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
14,874 18,950 19,832 19,666 18,397 13,759 7,645 9,210 7,035 6,406 5,752 7,263 6,735
9,430 12,116 13,295 13,356 13,525 12,059 8,236 9,850 8,336 5,703 5,842 6,618 6,220
Operating Profit 5,443 6,835 6,538 6,310 4,871 1,700 -591 -640 -1,300 703 -90 645 515
OPM % 37% 36% 33% 32% 26% 12% -8% -7% -18% 11% -2% 9% 8%
325 189 530 609 75 -2,946 1,262 -261 4,007 207 -5 -520 -415
Interest 3,192 4,662 6,233 7,338 7,847 7,469 2,486 988 1,159 1,001 998 1,056 923
Depreciation 952 1,436 1,708 1,694 1,820 1,888 782 592 603 568 395 381 367
Profit before tax 1,625 925 -874 -2,113 -4,721 -10,603 -2,597 -2,481 945 -659 -1,487 -1,312 -1,189
Tax % 42% 16% 20% 27% 33% 11% 0% -7% 41% -1% -1% -3%
947 777 -703 -1,551 -3,164 -9,413 -2,597 -2,644 561 -667 -1,498 -1,352 -1,223
EPS in Rs 2.98 2.08 -3.72 -7.13 -12.13 -35.79 -7.96 -8.41 4.50 -2.71 -6.02 -5.47 -4.98
Dividend Payout % 20% 24% -3% -1% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -9%
5 Years: -1%
3 Years: 1%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 17%
TTM: 56%
Stock Price CAGR
10 Years: -5%
5 Years: 32%
3 Years: 49%
1 Year: 180%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 425 444 444 486 486 486 486 486 486 489 491 491 491
Reserves 11,053 12,109 9,826 14,469 12,030 3,324 4,192 606 1,695 1,073 -406 -1,742 -2,169
53,174 63,111 72,599 75,274 66,246 38,953 28,859 28,678 19,692 19,146 19,097 16,458 15,758
14,624 18,884 19,807 19,272 21,424 18,590 16,088 26,819 14,415 15,654 18,209 22,561 62,798
Total Liabilities 79,276 94,548 102,676 109,501 100,187 61,354 49,626 56,590 36,289 36,362 37,391 37,768 76,878
26,701 42,557 45,434 53,775 42,785 18,589 19,714 19,845 9,589 8,988 8,618 4,958 44,788
CWIP 26,599 22,302 27,124 19,420 11,321 2,866 1,465 673 679 714 247 193 225
Investments 3,301 3,462 3,042 3,026 2,713 2,127 1,318 1,210 1,671 1,462 1,462 1,492 1,583
22,676 26,227 27,076 33,280 43,369 37,772 27,129 34,860 24,351 25,198 27,064 31,125 30,282
Total Assets 79,276 94,548 102,676 109,501 100,187 61,354 49,626 56,590 36,289 36,362 37,391 37,768 76,878

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
4,246 5,522 4,553 3,696 6,676 5,793 -855 770 827 1,076 21 761
-14,230 -11,803 -7,316 -3,608 7,000 -1,426 15,122 -3 -266 -3 60 -116
6,026 6,713 2,546 -518 -14,421 -4,554 -14,220 -931 -570 -743 -281 -625
Net Cash Flow -3,958 432 -216 -430 -745 -187 47 -165 -10 330 -200 20

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 38 40 39 64 84 49 93 85 120 121 194 121
Inventory Days 1,042 793 1,148 876 1,407 2,816 3,173 2,121 3,083 2,762 2,362
Days Payable 399 325 365 146 257 481 405 392 442 468 334
Cash Conversion Cycle 38 683 507 847 814 1,199 2,427 2,853 1,849 2,763 2,488 2,149
Working Capital Days -49 -31 -95 -38 373 -133 292 121 413 617 761 628
ROCE % 8% 8% 6% 5% 4% -0% -3% -4% -7% 1% -1% 3%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
38.47% 38.21% 38.12% 38.30% 38.17% 38.17% 38.17% 38.16% 38.07% 37.74% 37.71% 29.97%
0.96% 0.98% 0.87% 0.92% 1.10% 1.13% 1.20% 1.07% 0.97% 0.57% 0.89% 0.98%
1.76% 1.75% 1.75% 1.75% 1.74% 1.69% 1.70% 1.32% 1.28% 1.28% 1.33% 9.24%
0.82% 0.82% 0.81% 0.81% 0.81% 0.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
58.00% 58.25% 58.45% 58.22% 58.19% 58.20% 58.94% 59.46% 59.68% 60.39% 60.07% 59.81%
No. of Shareholders 5,59,8166,08,4346,08,7796,09,9216,13,8736,34,4196,21,2316,19,6136,07,6706,00,8415,84,0295,92,282

* 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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