Jaypee Infratech Ltd

About

Jaypee Infratech is the concessionaire for Yamuna Expressway Project, which inter-alia include construction of 165 kms long six lane access controlled expressway from Greater Noida to Agra with provision for expansion to eight lane with service roads and

  • Market Cap 297 Cr.
  • Current Price 2.10
  • High / Low 4.21 / 1.20
  • Stock P/E
  • Book Value -32.7
  • Dividend Yield 0.00 %
  • ROCE 3.28 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.1828.45 Cr.
  • Promoters have pledged 83.63% of their holding.
  • Debtor days have increased from 64.46 to 101.67 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
295 466 668 521 304 383 104 200 248 245 222 247
251 378 660 481 231 720 98 145 153 160 152 237
Operating Profit 44 89 9 40 73 -337 7 55 95 85 69 10
OPM % 15% 19% 1% 8% 24% -88% 6% 28% 38% 35% 31% 4%
Other Income 1 -1 1 1 1 2 1 2 0 3 2 5
Interest 394 414 434 454 476 497 502 528 544 555 580 608
Depreciation 20 18 24 22 24 18 15 21 24 24 21 21
Profit before tax -368 -344 -448 -435 -427 -851 -509 -491 -472 -492 -529 -614
Tax % 0% -6% 0% 0% 0% -11% 0% 0% 0% 0% 0% 0%
Net Profit -368 -366 -448 -435 -427 -941 -509 -491 -472 -492 -529 -614
EPS in Rs -2.65 -2.64 -3.23 -3.13 -3.07 -6.77 -3.66 -3.53 -3.40 -3.54 -3.81 -4.42

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
3,319 3,255 2,886 1,158 192 1,611 1,877 798 961
2,016 1,915 2,301 1,542 870 1,313 2,089 555 702
Operating Profit 1,303 1,340 586 -384 -678 298 -212 242 259
OPM % 39% 41% 20% -33% -353% 18% -11% 30% 27%
Other Income 13 13 11 6 14 3 5 7 10
Interest 896 899 1,059 900 1,181 1,598 1,865 2,129 2,287
Depreciation 21 30 51 77 75 83 88 84 90
Profit before tax 399 424 -513 -1,355 -1,921 -1,380 -2,160 -1,963 -2,107
Tax % 25% 17% 19% 27% 0% -2% -4% 0%
Net Profit 298 350 -416 -989 -1,921 -1,402 -2,250 -1,963 -2,107
EPS in Rs 2.14 2.52 -2.99 -7.12 -13.83 -10.10 -16.20 -14.14 -15.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -23%
3 Years: 61%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: 11%
Stock Price CAGR
10 Years: -26%
5 Years: -22%
3 Years: -19%
1 Year: 62%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
1,389 1,389 1,389 1,389 1,389 1,389 1,389 1,389 1,389
Reserves 4,664 4,958 4,554 3,777 1,644 -573 -2,824 -4,787 -5,930
Borrowings 8,674 9,102 9,564 8,866 9,015 9,031 9,047 5,850 8,626
5,908 4,473 3,204 4,595 7,014 15,003 16,312 21,707 20,108
Total Liabilities 20,636 19,921 18,711 18,627 19,062 24,849 23,925 24,160 24,193
9,654 9,663 10,260 10,184 10,816 10,808 10,863 10,781 10,774
CWIP 1,035 1,197 673 740 57 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0
9,947 9,061 7,778 7,703 8,189 14,040 13,062 13,378 13,419
Total Assets 20,636 19,921 18,711 18,627 19,062 24,849 23,925 24,160 24,193

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
757 2,039 1,215 1,071 158 52 112 203
20 89 -368 -116 -24 -6 -6 -2
-631 -2,378 -934 -963 -125 -55 -25 -1
Net Cash Flow 146 -250 -87 -9 9 -9 81 199

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 15 59 101 168 453 47 44 102
Inventory Days
Days Payable
Cash Conversion Cycle 15 59 101 168 453 47 44 102
Working Capital Days 406 533 596 778 2,030 -240 -551 -3,726
ROCE % 9% 4% -3% -6% 2% -3% 3%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
60.98 60.98 60.98 60.98 60.98 60.98 60.98 60.98 60.98 60.98 60.98 60.98
0.80 0.59 0.35 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.16 7.83 5.41 5.32 5.32 5.28 5.28 4.73 4.73 4.73 3.87 3.41
30.05 30.60 33.26 33.47 33.70 33.74 33.74 34.29 34.29 34.29 35.14 35.61

Documents