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BSE: 533103 | NSE: JINDCOT | Textile - Spinning | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jindal Cotex Ltd is a below average quality company.
The key valuation ratios of Jindal Cotex Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
No data found
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.3% | -23.4% | -9.4% | -4% | -2.7% | 0.5% | 0.1% | -2% | 12.4% | 3.2% | - |
| Value Creation Index ⓘ | -1.1 | -2.7 | -1.7 | -1.3 | -1.2 | -1.0 | -1.0 | -1.1 | -0.1 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 264 | 112 | 3 | 5.5 | 35.9 | 83.9 | 32.9 | 28.5 | 15.3 | 2.4 | 2 |
| Sales YoY Gr. | - | -57.7% | -97.3% | 80.8% | 557.9% | 133.6% | -60.8% | -13.3% | -46.5% | -84% | - |
| Adj EPS ⓘ | -5.5 | -25 | -10.7 | -2.7 | -1.7 | 0.2 | -0.1 | -1.2 | 5.7 | 1.1 | 2.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -168.8% | NA | NA | -80.6% | - |
| BVPS (₹) ⓘ | 58.2 | 21.6 | 10.1 | 3.7 | 1.7 | 4.2 | 7.5 | 6.3 | 28.9 | 31.7 | 31.2 |
| Adj Net Profit ⓘ | -24.6 | -113 | -48.2 | -12.2 | -7.8 | 0.7 | -0.5 | -5.4 | 25.7 | 5 | 12 |
| Cash Flow from Ops. ⓘ | -17.6 | 154 | -51.1 | -5.3 | -5.5 | 17.9 | 17.5 | -4 | 105 | -3.6 | - |
| Debt/CF from Ops. ⓘ | -12.2 | 1.6 | -5.1 | -49.8 | -47 | 13 | 12.4 | -53.1 | 0.5 | -12.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -40.6% | -41.6% | -58% | -84% | ||||
| Adj EPS ⓘ | NA | NA | NA | -80.6% | ||||
| BVPSⓘ | -6.5% | 78.9% | 61.6% | 9.4% | ||||
| Share Price | -15.4% | -9.3% | 5.4% | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -9 | -62.6 | -67.5 | -39.4 | -64.9 | 5.4 | -1.9 | -17.3 | 32.4 | 3.7 | 8.7 |
| Op. Profit Mgn % ⓘ | 2.6 | -51.5 | -475.1 | -217.7 | -21.5 | -5 | -25.6 | -26.7 | -69.5 | -315.8 | NAN |
| Net Profit Mgn % ⓘ | -9.3 | -100.7 | -1594.6 | -223.1 | -21.8 | 0.9 | -1.6 | -18.8 | 168.7 | 205.5 | 501.6 |
| Debt to Equity ⓘ | 0.8 | 2.5 | 5.8 | 15.9 | 33.1 | 12.4 | 6.4 | 7.5 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 392 | 804 | 25,725 | 13,348 | 2,121 | 964 | 2,304 | 2,513 | 4,661 | 28,738 | 0 |
| Cash Conv. Cycle ⓘ | 97 | 149 | 1,877 | 287 | 8 | 6 | 38 | 15 | 33 | -2,140 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to %
Sales growth has been subdued in last 3 years %
Net Profit has been subdued in last 3 years %
Sales growth is not so good in last 4 quarters at %
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | 2.4 |
| TTM Sales (₹ Cr.) | 2.4 | 2.4 |
| BVPS (₹.) ⓘ | 31.2 | 41.2 |
| Reserves (₹ Cr.) ⓘ | 95 | 141 |
| P/BV ⓘ | 0.08 | 0.06 |
| PE ⓘ | 0.95 | 1.06 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.60 / 2.68 |
| All Time Low / High (₹) | 1.50 / 164.95 |
| Market Cap (₹ Cr.) | 11.7 |
| Equity (₹ Cr.) | 45 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.7 |
| Pledged * | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 | 93.91 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 264.25 | 111.71 | 3.02 | 5.46 | 35.92 | 83.90 | 32.87 | 28.51 | 15.25 | 2.44 |
| Operating Expenses ⓘ | 257.30 | 245 | 22.88 | 17.34 | 43.63 | 88.09 | 41.59 | 36.11 | 46.05 | 10.13 |
| Manufacturing Costs | 30.12 | 20.93 | 0 | 0 | 5.82 | 10.67 | 7.26 | 6.64 | 4.97 | 0.03 |
| Material Costs | 212.92 | 81.83 | 2.31 | 4.82 | 25.51 | 64.01 | 21.30 | 17.31 | 8.64 | 0.44 |
| Employee Cost | 10.82 | 6.40 | 0.57 | 0.53 | 2.60 | 3.32 | 2.91 | 2.14 | 2.82 | 0.18 |
| Other Costs ⓘ | 3.44 | 135.84 | 20 | 11.99 | 9.69 | 10.10 | 10.11 | 10.02 | 29.61 | 9.49 |
| Operating Profit ⓘ | 6.95 | -133.28 | -19.86 | -11.88 | -7.71 | -4.19 | -8.71 | -7.61 | -30.80 | -7.70 |
| Operating Profit Margin (%) | 2.6% | -119.0% | -657.0% | -217.0% | -21.5% | -5.0% | -26.5% | -26.7% | -202.0% | -315.0% |
| Other Income ⓘ | 1.25 | 0.11 | 0.68 | 6.85 | 6.97 | 9.15 | 8.29 | 9.17 | 10.02 | 11.01 |
| Interest ⓘ | 26.56 | 24.59 | 25.52 | 0.53 | 0.57 | 0.83 | 0.91 | 0.83 | 0.90 | 1.40 |
| Depreciation ⓘ | 6.17 | 7.83 | 7.23 | 6.62 | 6.39 | 6.21 | 6.12 | 6.03 | 5.46 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -0.47 | 13.14 | 22.44 | -0.19 | 129.08 | 10.36 |
| Profit Before Tax ⓘ | -24.52 | -165.60 | -51.93 | -12.18 | -8.17 | 11.06 | 14.99 | -5.49 | 101.94 | 12.26 |
| Tax ⓘ | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -24.57 | -165.60 | -51.94 | -12.18 | -8.17 | 11.06 | 14.99 | -5.49 | 101.94 | 12.26 |
| PAT Margin (%) | -9.3% | -148.0% | -1,719.3% | -223.0% | -22.7% | 13.2% | 45.6% | -19.3% | 668.6% | 503.2% |
| Adjusted EPS (₹) | -5.5 | -36.8 | -11.5 | -2.7 | -1.8 | 2.5 | 3.3 | -1.2 | 22.7 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 262.07 | 97.38 | 45.45 | 16.42 | 7.77 | 18.83 | 33.81 | 28.32 | 130.25 | 142.53 |
| Share Capital ⓘ | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves ⓘ | 217.07 | 52.38 | 0.44 | -28.58 | -37.23 | -26.18 | -11.19 | -16.68 | 85.25 | 97.53 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 211.82 | 240.08 | 261.68 | 261.70 | 256.78 | 232.69 | 215.98 | 212.52 | 54.11 | 45.29 |
| Long Term Debt | 168.64 | 188.89 | 209.30 | 209.32 | 256.78 | 232.69 | 215.98 | 212.52 | 54.11 | 45.29 |
| Short Term Debt | 43.18 | 51.18 | 52.38 | 52.38 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 3.39 | 8.88 | 10.54 | 10.07 | 13.67 | 12.33 | 7.89 | 8.79 | 7.43 | 3.78 |
| Others Liabilities ⓘ | 17.63 | 10.85 | 12.77 | 19.98 | 21.06 | 21.95 | 2.34 | 2 | 10.04 | 1.93 |
| Total Liabilities ⓘ | 494.91 | 357.19 | 330.44 | 308.17 | 299.27 | 285.79 | 260.03 | 251.64 | 201.84 | 193.53 |
Fixed Assets | ||||||||||
| Gross Block | 156.68 | 157.01 | 159.37 | 159.37 | 155.02 | 143.53 | 142.26 | 142.27 | 12.16 | 9.54 |
| Accumulated Depreciation | 65.29 | 72.15 | 75.27 | 81.88 | 83.46 | 77.35 | 82.64 | 88.67 | 7.48 | 7.43 |
| Net Fixed Assetsⓘ | 91.39 | 84.86 | 84.10 | 77.48 | 71.56 | 66.18 | 59.62 | 53.60 | 4.67 | 2.12 |
| CWIP ⓘ | 44.19 | 44.19 | 37.16 | 37.16 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 82.82 | 6.85 | 1.34 | 1.34 | 1.34 | 2.34 | 2.34 | 2.34 | 2.34 | 2.35 |
| Inventories | 13.51 | 2.29 | 4.91 | 0.68 | 1.93 | 2.13 | 1.11 | 1.35 | 0.14 | 0.14 |
| Trade Receivables | 66.82 | 20.25 | 8.22 | 9.24 | 10.86 | 13.71 | 7.54 | 6.86 | 5.71 | 2.20 |
| Cash Equivalents | 2.70 | 3.17 | 0.16 | 0.65 | 0.48 | 0.14 | 0.21 | 1.06 | 0.10 | 0.04 |
| Others Assetsⓘ | 193.48 | 195.58 | 194.55 | 181.63 | 213.10 | 201.30 | 189.22 | 186.44 | 188.88 | 186.69 |
| Total Assets ⓘ | 494.91 | 357.19 | 330.44 | 308.17 | 299.27 | 285.79 | 260.03 | 251.64 | 201.84 | 193.53 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -17.59 | 153.59 | -51.08 | -5.26 | -5.47 | 17.87 | 17.48 | -4 | 104.89 | -3.60 |
| PBT ⓘ | -24.52 | -165.60 | -51.93 | -12.18 | -8.65 | 11.06 | 14.99 | -5.50 | 101.94 | 12.26 |
| Adjustment ⓘ | 32.12 | 159.08 | 52.09 | 0.89 | 0.58 | -0.49 | -0.96 | -2.29 | -3.64 | -9.79 |
| Changes in Working Capital ⓘ | -25.19 | 160.11 | -51.24 | 6.02 | 2.6 | 7.31 | 3.45 | 3.79 | 6.59 | -6.08 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.33 | -156.53 | 1.67 | 6.25 | 6.40 | 6.70 | 8.42 | 9.14 | 53.47 | 13.57 |
| Capex | -0.19 | -0.41 | -6.34 | 0 | -0.47 | -0.83 | 0.13 | -0.01 | 43.46 | 2.54 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.14 | -156.12 | 8.02 | 6.25 | 6.87 | 7.53 | 8.29 | 9.15 | 10 | 11.03 |
| Cash Flow From Financing Activityⓘ | 17.22 | 3.41 | 46.40 | -0.51 | -1.10 | -24.92 | -25.84 | -4.29 | -159.31 | -10.03 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 62.32 | 20.26 | 20.41 | 0.02 | -0.47 | -24.09 | -24.93 | -3.46 | -158.41 | -8.82 |
| Interest Paid ⓘ | -26.56 | -24.59 | -25.52 | -0.53 | -0.57 | -0.83 | -0.91 | -0.83 | -0.90 | -1.21 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -18.54 | 7.73 | 51.52 | 0 | -0.05 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.70 | 0.47 | -3.01 | 0.49 | -0.17 | -0.34 | 0.07 | 0.85 | -0.96 | -0.06 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -8.96 | -92.14 | -72.72 | -39.36 | -67.54 | 83.15 | 56.94 | -17.69 | 128.57 | 8.99 |
| ROCE (%) | 0.43 | -34.64 | -8.19 | -3.98 | -2.8 | 4.61 | 6.34 | -1.9 | 48.37 | 7.34 |
| Asset Turnover Ratio | 0.52 | 0.26 | 0.01 | 0.02 | 0.12 | 0.29 | 0.12 | 0.11 | 0.07 | 0.01 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | 1.62 | 1.17 | N/A | 1.03 | -0.29 | Working Capital Days |
| Receivable Days | 101 | 142 | 1,720 | 584 | 102 | 53 | 118 | 92 | 150 | 593 |
| Inventory Days | 22 | 26 | 435 | 187 | 13 | 9 | 18 | 16 | 18 | 21 |
| Payable Days | 33 | 27 | 1,536 | 780 | 170 | 74 | 173 | 176 | 343 | 4,696 |
Jindal Cotex Limited (JCL) is a flagship company of Jindal group of Ludhiana. The company was incorporated as Jindal Cotex Limited under the Companies Act, 1956 on February 18, 1998 in the state of Punjab registered with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar . The registered office of the company is situated at V.P.O. Jugiana, G. T. Road, Ludhiana, Punjab. The Certificate of Commencement of Business was obtained on February 20, 1998.
The company has been promoted by Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal along with other members of the Jindal family for setting up a spinning unit for the manufacture of synthetic yarns. The company initially set up 6912 spindles and started manufacturing acrylic yarns under the trade name ‘Jindal’ which came into commercial production in May 1999. The company thereafter, ventured into polyester yams & further explored the markets of New Delhi, Bhilwara & Maharashtra. Starting from 6912 spindles in 1999 the company has expanded its capacity to 23472 spindles.
The company has also set up a wind mill of 1250KW in Village Pithla, Distt Jaisalmer, Rajasthan in the year 2007-08. It has entered into power purchase agreement with Ajmer Vidut Vitran Nigam. for the sale of electricity generated for 20 years.
The company has been established to carry on in India or abroad, the business of manufacturing, processing, spinning, knitting, refining, carding, combing, gilling, regilling, mixing, doubling, twisting, cheese, winding, rewinding, raising, weaving, dyeing, bleaching, importing, exporting, trading and otherwise dealing in wholesale or in retail in all kinds & types of yarns including fancy yarns, fibres whether synthetic, artificial or natural, cotton, wool, worsted, shoddy, silk, nylon, polyester, acrylic, polyproptene, polynosic, blended materials or any other synthetic fibres, yarns or fibrous materials, textile substances, allied products, waste products and substitutes for all or any of them and to treat and utilise any waste arising from any such manufacture production, process and further to carry on the business of ginning, pressing, bailing or otherwise packing of cotton, kapas, yarn, waste or all kinds of raw materials, whether synthetic, artificial or natural, yarn, waste, hemp, jute or other fibrous materials and cultivation of such raw materials.
Subsidiaries:
The company has two wholly owned subsidiaries viz. Jindal Specialty Textiles Limited and Jindal Medicot Limited.
Product range of the company includes:
Milestones:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
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