Jindal Poly Films Ltd

₹ 622 -0.92%

04 Jun 3:02 p.m.

jindalgroup.com BSE: 500227 NSE: JINDALPOLY

About

Jindal Poly Films Limited is a part of the B.C. Jindal group. It is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET, BOPP, CPP, Thermal, Metalized and Coated Films. ^[1]^[2]

Key Points

Business Segments FY24
1) Packaging Films (79%): ^[1] The co. was the largest manufacturer of BOPET and BOPP films in India. It produced BOPET, BOPP, CPP, Thermal, Metalized, Coated and Capacitor Films. In Aug 2022, it executed a business transfer transaction where the packaging films business undertaking was sold to its subsidiary JPFL Films on a slump sale basis for Rs. ~2,400 Cr. ^[2]
2) Non-Woven Fabrics (~14%): It produces PP-based ‘Spunmelt’ and ‘Spunbond’ Nonwoven Fabric.
3) Labels Division (7%): Through its subsidiary, SMI Coated Products, the co. offers 200+ different products of self-adhesive labels. ^[3]

Website BSE NSE

Market Cap ₹ 2,725 Cr.
Current Price ₹ 622
High / Low ₹ 1,150 / 475
Stock P/E 15.8
Book Value ₹ 975
Dividend Yield 0.87 %
ROCE 3.15 %
ROE 1.74 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.64 times its book value
Company is expected to give good quarter

Cons

The company has delivered a poor sales growth of 1.62% over past five years.
Company has a low return on equity of 13.5% over last 3 years.
Earnings include an other income of Rs.621 Cr.
Dividend payout has been low at 13.8% of profits over last 3 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

Industrials Capital Goods Industrial Products Packaging

Part of BSE SmallCap BSE Allcap BSE Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	1,359.18	1,720.92	1,592.21	1,414.40	886.65	809.55	831.71	1,033.54	983.76	1,076.56	1,233.08	1,310.97	1,371.20
	1,045.15	1,268.56	1,219.87	1,371.25	969.52	784.50	819.00	1,008.34	1,016.45	1,084.01	1,197.68	1,229.55	1,276.15
Operating Profit	314.03	452.36	372.34	43.15	-82.87	25.05	12.71	25.20	-32.69	-7.45	35.40	81.42	95.05
OPM %	23.10%	26.29%	23.39%	3.05%	-9.35%	3.09%	1.53%	2.44%	-3.32%	-0.69%	2.87%	6.21%	6.93%
	20.92	223.35	113.39	228.94	74.29	3.71	198.55	88.18	129.25	62.35	281.32	269.67	7.28
Interest	-8.47	18.79	16.65	30.39	75.92	25.31	28.51	33.23	80.59	28.67	27.45	159.08	2.95
Depreciation	38.67	38.72	42.72	43.76	44.72	43.10	50.05	57.06	62.36	44.69	54.66	55.47	53.32
Profit before tax	304.75	618.20	426.36	197.94	-129.22	-39.65	132.70	23.09	-46.39	-18.46	234.61	136.54	46.06
Tax %	28.47%	20.41%	26.09%	-145.25%	-25.20%	870.90%	26.43%	47.29%	-58.09%	2.28%	28.35%	14.60%	91.08%
	217.98	492.04	315.12	485.45	-96.66	-384.96	97.63	12.17	-19.44	-18.88	168.09	116.61	4.11
EPS in Rs	49.77	112.34	71.95	110.84	-22.06	-87.90	22.29	2.78	-4.44	-4.31	38.38	26.62	0.94
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	2,232	5,143	7,557	7,225	7,005	6,448	3,623	3,546	4,082	5,878	4,697	3,926	4,992
	2,088	4,720	6,896	6,244	6,316	5,821	3,172	2,874	2,975	4,443	4,335	3,925	4,787
Operating Profit	144	422	662	980	689	627	451	671	1,108	1,435	362	0	204
OPM %	6%	8%	9%	14%	10%	10%	12%	19%	27%	24%	8%	0%	4%
	-0	-1	-113	7	91	47	-538	73	139	386	420	478	621
Interest	40	126	91	106	111	121	50	99	61	32	152	173	218
Depreciation	89	188	229	245	285	255	104	118	145	153	174	214	208
Profit before tax	15	107	228	636	385	298	-241	527	1,040	1,636	455	91	399
Tax %	59%	38%	20%	28%	30%	49%	70%	7%	24%	27%	30%	21%
	6	67	182	456	269	152	-409	489	791	1,196	319	72	270
EPS in Rs	1.42	18.60	41.01	80.45	42.79	19.45	-93.30	111.56	180.57	273.11	72.83	16.32	61.63
Dividend Payout %	71%	5%	3%	1%	2%	5%	-1%	1%	1%	2%	6%	34%

Compounded Sales Growth
10 Years:	-3%
5 Years:	2%
3 Years:	-1%
TTM:	36%

Compounded Profit Growth
10 Years:	0%
5 Years:	18%
3 Years:	-55%
TTM:	142%

Stock Price CAGR
10 Years:	10%
5 Years:	15%
3 Years:	-18%
1 Year:	31%

Return on Equity
10 Years:	13%
5 Years:	18%
3 Years:	14%
Last Year:	2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	42	42	44	44	44	44	44	44	44	44	44	44	44
Reserves	1,086	1,633	1,731	2,172	2,322	2,433	2,213	1,811	2,598	3,789	4,164	3,951	4,228
	581	1,560	1,870	1,953	2,036	1,036	1,112	1,426	916	1,206	4,085	4,468	4,255
	351	2,377	2,166	2,498	2,594	926	1,211	1,104	1,260	1,535	1,247	1,938	2,328
Total Liabilities	2,061	5,613	5,812	6,668	6,996	4,439	4,581	4,384	4,818	6,574	9,539	10,401	10,855
	1,250	2,785	2,454	3,014	3,109	1,786	2,060	2,362	2,466	2,636	3,050	3,223	3,068
CWIP	49	130	540	389	316	15	31	182	25	77	92	203	230
Investments	107	215	544	727	901	1,542	1,390	440	480	1,318	3,640	3,894	4,235
	656	2,483	2,274	2,537	2,670	1,096	1,100	1,400	1,847	2,543	2,757	3,080	3,321
Total Assets	2,061	5,613	5,812	6,668	6,996	4,439	4,581	4,384	4,818	6,574	9,539	10,401	10,855

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	88	226	145	619	503	739	499	369	911	724	-566	133
	-88	-1,401	-391	-646	-457	-1,349	-548	-417	-443	-1,078	-2,369	-82
	-7	1,290	214	22	-63	702	38	277	-534	259	2,856	-44
Net Cash Flow	-7	115	-32	-5	-17	92	-10	229	-66	-95	-78	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	26	61	34	37	35	9	15	13	9	13	19	33
Inventory Days	60	126	77	103	112	43	70	98	114	92	111	147
Days Payable	25	84	51	55	68	23	38	42	43	29	20	47
Cash Conversion Cycle	61	103	60	84	78	28	47	69	80	76	111	133
Working Capital Days	60	49	47	54	51	24	32	38	64	79	165	188
ROCE %	4%	10%	11%	16%	9%	10%	12%	18%	32%	37%	12%	3%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	74.55%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%	74.54%
	2.98%	2.94%	2.80%	3.42%	3.09%	3.02%	3.08%	3.00%	2.96%	2.87%	3.79%	3.54%
	0.00%	0.06%	0.05%	0.01%	0.01%	0.03%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%
	22.47%	22.46%	22.58%	22.02%	22.36%	22.40%	22.34%	22.44%	22.49%	22.58%	21.68%	21.90%
No. of Shareholders	52,792	54,301	55,763	56,484	57,298	56,384	48,987	47,631	45,766	44,926	41,439	40,313

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.54%	74.54%	74.54%
	4.57%	4.04%	2.07%	1.13%	1.63%	2.91%	3.42%	3.00%	3.54%
	0.07%	0.07%	0.12%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%
	20.82%	21.35%	23.26%	24.28%	23.82%	22.54%	22.02%	22.44%	21.90%
No. of Shareholders	46,338	44,493	42,827	40,049	39,425	50,383	56,484	47,631	40,313

* 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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Jindal Poly Films Ltd

Jindal Poly Films Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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