Jindal Worldwide Ltd - Stock Valuation and Financial Performance

BSE: 531543 | NSE: JINDWORLD | Textile | Small Cap

Jindal Worldwide Share Price

312 -6.90 -2.16%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Jindal Worldwide

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Jindal Worldwide stock performance -

mw4me loader
P/E Ratio (SA):
86.18
Market Cap:
6,234.2 Cr.
52-wk low:
268
52-wk high:
439.8

Is Jindal Worldwide Ltd an attractive stock to invest in?

1. Is Jindal Worldwide Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jindal Worldwide Ltd is a below average quality company.

2. Is Jindal Worldwide Ltd undervalued or overvalued?

The key valuation ratios of Jindal Worldwide Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Jindal Worldwide Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jindal Worldwide 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 Jindal Worldwide:

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.
Jindal Worldwide 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 % 11.6%9.2%13.7%12.4%13.1%8.3%8.8%7.4%14.1%12.5%-
Value Creation
Index
-0.2-0.40.0-0.1-0.1-0.4-0.4-0.50.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7808401,0091,1581,6432,1142,0171,7102,5842,1491,831
Sales YoY Gr.-7.7%20.1%14.7%41.9%28.6%-4.6%-15.2%51.1%-16.8%-
Adj EPS 1.31.42.22.42.81.31.61.55.45.83.6
YoY Gr.-7.9%58.4%12.4%16.4%-54.2%19.2%-1.9%255.9%6.7%-
BVPS (₹) 6.98.610.613.51617.218.720.926.732.334.4
Adj Net
Profit
25.527.443.548.956.926.131.130.510911672
Cash Flow from Ops. -1.19798.77.828.816964.571-109344-
Debt/CF from Ops. -294.13.63.54816.32.686.2-5.51.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%5.5%2.1%-16.8%
Adj EPS 18.3%15.2%55%6.7%
BVPS18.6%15.1%19.9%21.1%
Share Price 41.4% 34.5% 85.3% -4.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2017.622.620.219.27.88.67.722.819.610.8
Op. Profit
Mgn %
9.110.61411.9116.26.96.78.210.28.3
Net Profit
Mgn %
3.33.34.34.23.51.21.51.84.25.44
Debt to
Equity
2.221.61.41.51.31.411.10.9-
Working Cap
Days
111119113131134127135161124163110
Cash Conv.
Cycle
384848586961761108110652

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 54.98%

Debt to equity has declined versus last 3 years average to 0.92

Return on Equity has declined versus last 3 years average to 10.80%

Sales growth has been subdued in last 3 years 2.14%

Sales growth is not so good in last 4 quarters at -18.70%

Latest Financials - Jindal Worldwide Ltd.

Standalone Consolidated
TTM EPS (₹) 3.6 3.7
TTM Sales (₹ Cr.) 1,831 1,790
BVPS (₹.) 34.4 34.6
Reserves (₹ Cr.) 670 673
P/BV 9.04 8.99
PE 86.18 84.24
From the Market
52 Week Low / High (₹) 268.00 / 439.80
All Time Low / High (₹) 0.08 / 477.00
Market Cap (₹ Cr.) 6,234
Equity (₹ Cr.) 20.1
Face Value (₹) 1
Industry PE 27.9

Management X-Ray of Jindal Worldwide:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.617.606.216.216.866.868.328.328.329.03
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jindal Worldwide

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
Sales7808401,0091,1581,6432,1142,0171,7102,5842,149
Operating Expenses 7107528691,0201,4631,9831,8781,5962,3721,931
Manufacturing Costs175215258274480392275238377333
Material Costs5225175807229561,5601,5631,2691,9111,510
Employee Cost 468911911113840
Other Costs 9132315162328784548
Operating Profit 7088140138180130139114212218
Operating Profit Margin (%) 9.0%10.5%13.9%11.9%11.0%6.2%6.9%6.7%8.2%10.1%
Other Income 344288672566
Interest 23244336525660484647
Depreciation 18324749514144282825
Exceptional Items 00-40000000
Profit Before Tax 3235518185404362145152
Tax 791014271311183638
Profit After Tax 2527406658263244109114
PAT Margin (%) 3.2%3.2%4.0%5.7%3.6%1.2%1.6%2.6%4.2%5.3%
Adjusted EPS (₹)1.31.32.03.32.91.31.62.25.45.7
Dividend Payout Ratio (%)4%4%2%2%2%4%3%7%2%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 139173212271320346376420534647
Share Capital 20202020202020202020
Reserves 119152192251300326356400514627
Minority Interest0000000000
Debt297330310343423385488394546544
Long Term Debt198218214206193171138112107105
Short Term Debt9911196137230214350282438439
Trade Payables9973122101231283146117108148
Others Liabilities 669075951099186727683
Total Liabilities 6016657198101,0831,1041,0961,0041,2641,422

Fixed Assets

Gross Block344429462346361432410435440439
Accumulated Depreciation48801264887108124220248268
Net Fixed Assets295349337298274324285215192172
CWIP 4120252700103
Investments 7766253423142338
Inventories128108111115244267242279253281
Trade Receivables8986178212390358426374493498
Cash Equivalents 123414122019203433308
Others Assets66707414210410310087270123
Total Assets 6016657198101,0831,1041,0961,0041,2641,422

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -197998291696571-109344
PBT 3235518185404362145152
Adjustment 4165895410096101567268
Changes in Working Capital -714-37-128-12176-79-33-294166
Tax Paid -2-7-31-35-410-14-31-42
Cash Flow From Investing Activity -159-92-20-10-43-72970-3-23
Capex -161-94-22-10-28-64-558-4-8
Net Investments 0010-16-911120-14
Others 2221113010
Cash Flow From Financing Activity 14418-100023-98-72-128112-47
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 11720-53-9-22-33-27-5-3
Interest Paid -25-27-43-31-52-56-60-48-46-42
Dividend Paid -1-1-1-1-1-1-20-3-2
Others 5325-512886-1923-521650
Net Cash Flow -1522-21-28-11140274
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.7217.120.9427.4719.727.938.8811.0922.7519.32
ROCE (%)15.2812.2917.3819.4719.1512.1912.312.6319.116.72
Asset Turnover Ratio1.581.331.461.511.741.931.831.632.281.6
PAT to CFO Conversion(x)-0.043.592.480.120.56.52.031.61-13.02
Working Capital Days
Receivable Days35384861676571856184
Inventory Days47514036404446563845
Payable Days63616256636050382231

Jindal Worldwide Ltd Stock News

Jindal Worldwide Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jindal Worldwide on 28-Mar-2024 16:01 is ₹312.0.
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 Jindal Worldwide stood at ₹6,234.2.
The latest P/E ratio of Jindal Worldwide as of 28-Mar-2024 16:01 is 86.18.
The latest P/B ratio of Jindal Worldwide as of 28-Mar-2024 16:01 is 9.04.
The 52-week high of Jindal Worldwide is ₹439.8 and the 52-week low is ₹268.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Worldwide is ₹1,831 ( Cr.) .

About Jindal Worldwide Ltd

Jindal Worldwide was incorporated under the Indian Companies Act 1956 and went public in 1995. The company has issued capital of Rs 50130100 divided into 5013010 equity shares of 10 each. The company is listed on the Ahmedabad and Bombay stock exchanges. The main objective of the company is establishing itself as a market leader in the field of home textiles and readymade garment exports by rendering efficient and effective services and total customer satisfaction. The company is a government recognized trading house with an average annual export turnover of Rs 2068.12 lakh as on March 31, 2004. As a mark of quality assurance and commitment to total customer satisfaction, the company has been awarded the ISO 9001:2000 certification.

Established in 1976, Jindal began fabric trading and steadily expanded into weaving, processing and home textiles. The company went public in 1995 and since then continued to increase scale and range of its operations. Today, Jindal has dedicated workforce of around 3000 people and is making its presence globally. The group has diversified into various activities such as textiles, chemicals, financial services and trading. The group demonstrates its ability to manage well diversified businesses using professional management and financial acumen have resulted the group enjoying fine reputation in the market.

Being the topmost manufacturer & exporters of India, Jindal’s fine textile products represent delightful blend of century old traditions of the east and the latest textile technology of the west. Since its establishment, it has achieved both domestic and international recognition. Some of the world’s leading brands and home furnishing importers rely on the company to give them the quality edge. The group is a government Recognized Export House having one of the largest manufacturing & stitching capacity in Bedlinens in India The Textiles promotion Council has bestowed this group company with a number of awards for excellence in exports.

Jindal Worldwide is also recognized as one of the largest manufacturer exporters of dyes & intermediates from India. Being among top three of H-acid in India, the company today works with major buyers and across the globe such BASF, Hoechst, Crompton & Knowles apart from leading colour manufacturers in the Far East, Europe and Latin America. The company has won many laurels from apex industry bodies like Gujarat Dyestuffs manufactures Association as well as NIRI, which was acknowledged it as one of the Quality Exporters of Dyes & Intermediates.

Products:

1. Bedlinens - Jindal Worldwide offers value-added bedlinens with all short of fancy confections like embroidery, embellishments which are then packed as per the buyer’s specifications for retail outlets. The range of Bedlinen includes

    » Quilt Covers / Duvet Covers    » Flat and Fitted Sheets    » Pillow Covers    » Valance Sheets    » Bolster Case

2. Curtains - Jindal’s range of curtains covers range of window-fashion series including panels, scarves, Tiers, Valances and Jabots in various design & colours. It offers a variety in terms of fabric like:

    » Sheers    » Jacquard    » Voil    » Organdy    » Canvass    » Satins

3. Table linen - The company's new focus is on table linen and kitchen linen business which is increasing demand and a fashion trend in Europe and US markets.

It is now developing exclusive fashions and exquisite prints to bring fashion in this segment. Jindal is developing the entire range right from :

    » Tablecloth    » Placemats    » Napkins    » Runners    » Breadbasket    » Kitchen towels    » Aprons    » Potholders    » Gloves

4. Fabric

Clientele:

• Walmart

• Matex

• Metro

• Westpoint Stevens

• Disnep

• Zellers

• Springs

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