Jaysynth Dyestuff (India) Ltd - Stock Valuation and Financial Performance

BSE: 506910 | NSE: JAYDYSTUF | Dyes & Pigments | Small Cap

Jaysynth Dyestuff Share Price

107 -0.40 -0.37%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Jaysynth Dyestuff

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Jaysynth Dyestuff (India) stock performance -

mw4me loader
P/E Ratio (SA):
10.21
Market Cap:
93 Cr.
52-wk low:
46.5
52-wk high:
145.9

Is Jaysynth Dyestuff (India) Ltd an attractive stock to invest in?

1. Is Jaysynth Dyestuff (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jaysynth Dyestuff (India) Ltd is a below average quality company.

2. Is Jaysynth Dyestuff (India) Ltd undervalued or overvalued?

The key valuation ratios of Jaysynth Dyestuff (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Jaysynth Dyestuff (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jaysynth Dyestuff (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Jaysynth Dyestuff:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jaysynth Dyestuff (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16%8.5%8.6%5.2%2.3%4.4%3.1%5.4%8.2%5.6%-
Value Creation
Index
0.2-0.4-0.4-0.6-0.8-0.7-0.8-0.6-0.4-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 129120119120118118112124163140148
Sales YoY Gr.--7.1%-0.7%0.4%-1.7%0.5%-4.9%10.6%30.7%-13.8%-
Adj EPS 8.85.363.81.73.42.34.77.95.710.5
YoY Gr.--39.9%12.4%-36.2%-55.4%98.8%-31.1%101.7%68.5%-28.7%-
BVPS (₹) 61.967.574.378.880.684.386.691.399.7106.8115.6
Adj Net
Profit
7.74.65.23.31.52.924.16.94.99
Cash Flow from Ops. 2.81.53.81.4-0.68.11.6-5.23.619.9-
Debt/CF from Ops. 0000000.1-0.80.80-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.9%3.6%7.6%-13.8%
Adj EPS -4.8%27.2%34.4%-28.7%
BVPS6.3%5.8%7.2%7.1%
Share Price 15.3% 13% 22.7% 119.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.58.28.452.14.12.75.38.35.59.4
Op. Profit
Mgn %
9.16.87.35.33.54.845.77.15.78.6
Net Profit
Mgn %
5.93.94.42.81.32.51.83.34.23.56.2
Debt to
Equity
00000000.100-
Working Cap
Days
154192211203207206212217182206130
Cash Conv.
Cycle
415971819410011712311412695

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Net Profit is growing at healthy rate in last 3 years 34.35%

Sales growth has been subdued in last 3 years 7.59%

Sales growth is not so good in last 4 quarters at 4.19%

Latest Financials - Jaysynth Dyestuff (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 10.5 9
TTM Sales (₹ Cr.) 148 151
BVPS (₹.) 115.6 119.1
Reserves (₹ Cr.) 100 103
P/BV 0.93 0.90
PE 10.21 11.96
From the Market
52 Week Low / High (₹) 46.50 / 145.85
All Time Low / High (₹) 0.65 / 145.85
Market Cap (₹ Cr.) 93
Equity (₹ Cr.) 0.9
Face Value (₹) 1
Industry PE 22.3

Management X-Ray of Jaysynth Dyestuff:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jaysynth Dyestuff

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales129.22120.04119.23119.70117.65118.28112.49124.37162.58140.11
Operating Expenses 117.48111.85110.57113.31113.72112.56108.04117.72151.12132.12
Manufacturing Costs9.317.918.126.074.894.494.883.965.747.14
Material Costs91.8384.9282.8387.8389.8891.5385.1096.55122.04103.47
Employee Cost 5.026.106.927.027.337.177.727.088.789.70
Other Costs 11.3212.9212.7112.3911.629.3610.3410.1314.5711.81
Operating Profit 11.748.188.666.393.935.724.456.6511.457.99
Operating Profit Margin (%) 9.1%6.8%7.3%5.3%3.3%4.8%4.0%5.3%7.0%5.7%
Other Income 2.441.362.051.450.761.290.850.821.031.56
Interest 0.390.250.200.220.210.320.390.340.300.26
Depreciation 0.941.501.801.881.992.011.901.801.931.95
Exceptional Items 0000000000
Profit Before Tax 12.867.808.725.752.494.683.015.3410.257.34
Tax 3.802.652.521.780.791.150.731.583.031.69
Profit After Tax 9.065.156.203.971.703.532.273.767.225.65
PAT Margin (%) 7.0%4.3%5.2%3.3%1.4%3.0%2.0%3.0%4.4%4.0%
Adjusted EPS (₹)10.45.97.14.62.04.12.64.38.36.5
Dividend Payout Ratio (%)2%3%4%7%8%4%6%5%4%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 53.7558.6964.5768.5070.0373.2575.2479.3086.6892.81
Share Capital 0.870.870.870.870.870.870.870.870.870.87
Reserves 52.8857.8263.7067.6469.1672.3874.3778.4485.8191.94
Minority Interest0000000000
Debt0000000.144.103.010.19
Long Term Debt0000000000
Short Term Debt0000000.144.103.010.19
Trade Payables24.9620.1121.3516.0621.6016.3019.4619.7319.2525.48
Others Liabilities 15.2720.5523.4810.9610.337.879.277.847.184.85
Total Liabilities 93.9899.34109.4095.52101.9697.42104.11110.98116.12123.32

Fixed Assets

Gross Block16.3618.5320.2513.7616.1516.4616.5717.3318.9323.70
Accumulated Depreciation3.394.876.481.313.305.316.397.859.4911.23
Net Fixed Assets12.9713.6613.7612.4512.8611.1510.199.479.4312.46
CWIP 0.060.130.050.5600.02001.870.17
Investments 1210.8513.9814.5812.6511.9121.8410.9014.1722.17
Inventories19.9224.9324.8423.8719.8720.9227.9431.4740.6439.96
Trade Receivables26.7521.4326.2024.7235.1429.9931.1937.3035.0430.20
Cash Equivalents 5.065.635.584.934.6112.683.3711.647.6513.27
Others Assets17.2122.7124.9914.4116.8310.759.5710.207.305.09
Total Assets 93.9899.34109.4095.52101.9697.42104.11110.98116.12123.32

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.811.483.841.39-0.598.091.60-5.233.5919.92
PBT 12.867.808.725.752.494.683.015.3410.257.34
Adjustment -1.091.130.561.211.752.112.082.412.171.38
Changes in Working Capital -5.48-4.93-2.27-3.55-3.682.91-1.87-11.47-6.4213.91
Tax Paid -3.47-2.52-3.16-2.01-1.16-1.61-1.62-1.51-2.41-2.72
Cash Flow From Investing Activity -3.07-0.74-3.71-1.130.530.43-10.3710.18-5.82-10.75
Capex 0.75-2.27-1.78-2.24-0.72-0.33-0.49-1.08-2.99-3.23
Net Investments -3.881.48-1.981.041.260.76-9.894.91-3.31-8
Others 0.060.050.050.07000.016.350.480.47
Cash Flow From Financing Activity 0-0.17-0.17-0.26-0.26-0.45-0.533.33-1.76-3.55
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-0.32-0.39-0.34-0.30-0.26
Dividend Paid 0-0.17-0.17-0.26-0.26-0.13-0.13-0.13-0.17-0.26
Others 000000-0.013.79-1.29-3.03
Net Cash Flow -0.260.57-0.050-0.328.07-9.318.27-3.995.62
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.39.1610.055.972.454.933.064.868.76.3
ROCE (%)26.7514.3114.468.963.96.984.577.1512.198.32
Asset Turnover Ratio1.591.311.21.221.21.191.121.161.431.17
PAT to CFO Conversion(x)0.310.290.620.35-0.352.290.7-1.390.53.53
Working Capital Days
Receivable Days7369697492101991018185
Inventory Days436573716763798781105
Payable Days95979178767677745879

Jaysynth Dyestuff (India) Ltd Stock News

Jaysynth Dyestuff (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jaysynth Dyestuff on 28-Mar-2024 16:01 is ₹107.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Jaysynth Dyestuff stood at ₹93.02.
The latest P/E ratio of Jaysynth Dyestuff as of 28-Mar-2024 16:01 is 10.21.
The latest P/B ratio of Jaysynth Dyestuff as of 28-Mar-2024 16:01 is 0.93.
The 52-week high of Jaysynth Dyestuff is ₹145.8 and the 52-week low is ₹46.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jaysynth Dyestuff is ₹148.0 ( Cr.) .

About Jaysynth Dyestuff (India) Ltd

Jaysynth Dyestuff (India) Ltd. was set up in 1971 with the main objective of manufacturing and marketing reactive dyes. Starting from a modest production of 6 metric tonnes the company has today become one of the largest dyes and pigments businesses in India.

The company’s first foray into the export market was made in 1976. This marked an important trend reversal for India – from a net importer of dyes to exporter, with Jaysynth leading the export drive.

Jaysynth's products are now exported to over 50 countries, including the very countries from which dyes were imported earlier. The bulk of its production comes from four highly versatile manufacturing facilities in New Bombay, Patalganga, Taloja and Vapi.

Today, Jaysynth has grown into a professionally managed group with annual revenues of $ 40 million.Jaysynth’s corporate policy can be summed up as customer satisfaction, reliability, innovation, quality and service.

The company is one of India’s largest dyes, pigments and digital ink business and a premier supplier of products and services to the textiles, plastics, printing inks and paint industry – globally.

Jaysynth has consistently delivered unsurpassed quality, innovative solutions and created value for clients for over 30 years. Its customers include some of the worlds leading companies.

Jaysynth is focused on creating and delivering value for its customers by helping them improve efficiencies, become more cost competitive, expand their markets and differentiate.

Product range of the company includes:

  • Reactofix - Reactive Dyes
  • Terenix - Disperse Dyes
  • Dynon - Vat Dyes
  • Jaysol - Solvent Dyes
  • Pigmeron – Pigments
  • Digifix - Solvent Inks
  • Digitex - R Reactive Inks
  • Digitex - DT Disperse Inks 

The Jaysynth Group comprises of the following companies:

  • Jaysynth Dyestuff (India) Ltd - Pigments
  • JD Orgochem Ltd  - Dyes and Agrochemicals
  • Jaysynth Anthraquinone Ltd - Intermediates
  • Jaysynth Polychem Ltd  - Pigment Preparations for Plastics
  • Jaysynth (Europe) Ltd - Distribution in Europe

 Achievements/ recognition :

  • 1983-1984 -First Export Award (Chemexil)  
  • 1984-1985 -First Export Award (Chemexil)   
  • 1985-1986 -First Export Award (Chemexil)   
  • 1986-1987 -Top Export Award (Chemexil)  
  • 1987-1988 -Trishul Award (Chemexil)   
  • 1991-1992 -Trishul Award (Chemexil)   
  • 1995-1996 -Second Award - Outstanding Performance: Domestic Market (DMAI)  
  • 1995-1996 -Excellent Performance: Exports (DMAI) 
  • 1996-1997 -First Award - Excellent Performance: Exports (DMAI)   
  • 1997-1998 -First Award - Excellent Performance: Exports (DMAI)  
  • 1997-1998 -First Award – Outstanding Performance: Domestic Market (DMAI)  
  • 2001-2002- Excellent Performance: Exports of Pigments (DMAI)  
  • 2003-2004-Certificate of Merit - Outstanding Performance Domestic Market 
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