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Jindal Photo Ltd (JINDALPHOT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532624 NSE: JINDALPHOT Finance - Investment | Small Cap | Jindal Photo Share Price

₹1,103.50 -42.70 (-3.73%)

As on 10-Jun'26 16:01

Jindal Photo Ltd (JINDALPHOT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532624 NSE: JINDALPHOT Finance - Investment | Small Cap | Jindal Photo Share Price

₹1,103.50 -42.70 (-3.73%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹1,176 Cr.
Current Price
₹1,103.5
52-Week Low / High
₹791 / 1,635
TTM EPS
₹3.7
Book Value per Share
₹988.7
P/E Ratio
307.00
Higher than its 5-year historical median
Industry PE
52.8
Price to Book (P/B)
1.16
Lower than its 5-year historical median
EV/EBITDA
102.78
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-1.41%
Return on Capital Employed (ROCE)
0.81%
Return on Assets (ROA)
-1.01%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
-
-115.51%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
2.14%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹12.6 Cr.
Reserves
₹1,004 Cr.
Equity
₹10.3 Cr.
Face Value
₹10
All Time Low / High
₹7.55 / 1634.80

Jindal Photo stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Jindal Photo Ltd a good quality company?
Jindal Photo Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

How does Jindal Photo Ltd performance compare with that of its Peers?
Q.1 AUM Growth of Jindal Photo Ltd vs Industry Peers?
Jindal Photo Ltd AUM CAGR is 23.26%, compared to the 5-year industry median CAGR of 9.27%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jindal Photo Ltd?
Promoters hold 74.20% of the Jindal Photo Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jindal Photo Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 28.6% based on the current price.

10 Year X-Ray : Login to view analysis.

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 Photo Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)0000.10.10.20.116120.32.513
YoY Gr. Rt. %-NANANA34.3%126.5%-50%145301.8%-87.4%-87.9%-
Adj EPS (₹ ) -1.5-0-166.7-2.8-3.3-4.3-4152.415-2.73.7
YoY Gr. Rt. %-NANANANANANANA-90.2%-117.9%-
BVPS (₹ )180.6180.513.927.822.523.316.5170186.8190.8988.7
YoY Gr. Rt. %--0%-92.3%100.3%-18.9%3.4%-29.4%933.1%9.9%2.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)-0.6-0-92.1-2.8-3.4-4.4-486.35.8-10

CAGR

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA90.5%180.9%-87.9%
Adj EPSNANANA-117.9%
BVPS0.6%53.3%126.4%2.1%
Share Price 28.6% 75.9% 44.2% 28.9%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)000-3861.9-3425.6-1992-3671.996.975.5-111.230.4
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)-0.8-0-171.5-13.3-13-18.8-20163.58.4-1.40.4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 0513000161202
Interest Income0000000161202
Other Income 1400000000
Exceptional Items 0513000000
Expenditure + 2515556655
Interest Expense 1104455655
Operating Expenses 0101000100
Provisions 1400000000
Exceptional Items 00-171-1000000
Profit Before Tax -2-0-171-2-5-5-615515-3
Taxes 0001-1-0-1-10-0
Profit After Tax -2-0-171-3-3-4-415615-3
Adjusted EPS (₹)-1.5-0.0-166.0-2.8-3.3-4.3-4.0152.415.0-2.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Jindal Photo - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +2332528128232417174192196
Share Capital 58777710101010101010
Reserves 17517541813147164181185
Short term borrowings22000000000
Long Term Borrowings00053556164685560
Current Liabilities 45202019191919191919
Trade Payables0000000000
Other Liabilities-22-000-0000-00
Total Liabilities 27727110010197104100262266276

Assets

Non Current Asset +2202134240374440202205215
Loan Asset 0000000000
Other Non Current Asset 2202134240374440202205215
Current Asset +57585861616160606161
Current Investment0013313233
Other Current Asset57585857585958585858
Total Assets 27727110010197104100262266276

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -53-80-1-0-0-0-1-00
Cash Flow From Investing Activity 3911-0102-110-0
Cash Flow From Financing Activity 14-3-00000000
Net Cash Flow -0-00-001-2-00-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)-1.50-0-166.70-2.80-3.30-4.30-4152.4015-2.70
DPS (₹)0000000000
BVPS (₹)180.6180.513.927.822.523.316.5170186.8190.8

Performance Ratios

ROA (%)-0.6-0.0-92.1-2.8-3.4-4.4-4.086.35.8-1.0
ROE (%)-0.8-0.0-171.0-13.3-13.0-18.8-20.0163.58.4-1.4
ROCE (%)-0.40.2-102.02.3-0.4-0.1-0.499.98.10.8

Valuation Parameters

Price/Book(x)0.90.54.00.70.43.515.91.62.93.4

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jindal Photo Ltd FAQs

The current trading price of Jindal Photo on 10-Jun-2026 16:01 is ₹1,103.5.

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 09-Jun-2026 the market cap of Jindal Photo stood at ₹1,175.8 Cr

The latest P/E ratio of Jindal Photo as of 09-Jun-2026 is 307.0.

The latest P/B ratio of Jindal Photo as of 09-Jun-2026 is 1.16.

The 52-week high of Jindal Photo is ₹1,634.8 and the 52-week low is ₹791.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Photo is ₹12.58 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jindal Photo Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Jindal Photo Ltd

Jindal Photo, company of 'BC Jindal Group', was incorporated in the year 1986.  Jindal Photo has a technical and marketing tie-up with Fuji Photo Films Co., Japan – a FORTUNE 500 company and the second largest photographic products manufacturer in the world. It also has a technical tie-up with Fuji Hunt Photographic Chemicals Pte Ltd., Singapore (a subsidiary of Fuji, Japan) to manufacture photo chemicals. Jindal Photo is India’s one of the largest manufacturers of photographic and allied products. The products range includes color roll films, cameras, photographic color paper, medical X-ray films and equipments, cine color positive film, photo processing equipments and photographic chemicals, etc. The company has over 38% market share in the color paper and 44% market share in color roll films. The other products such as X-ray films, cine color positive films, etc. have market share of about 40%.

Jindal Photo markets the products under the reputed brand name 'FUJIFILM'. The company has a very strong marketing network throughout the country, knitted through branches, distributors and dealers. The company has also sold photo-finishing labs throughout the country as a part of its business strategy to capture the market of color roll films and color paper. The setting up of ‘Fuji Image Service’ (FIS), a specialized outlet to sell Fuji products, is an endeavor to boost the sale of its products.  Presently, there are over 800 such outlets throughout the country. To integrate the technology change in the photography processing, Jindal Photo has also set up over 470 Fuji Digital Imaging (FDi) facilities as an extension of the Fuji imaging services (FIS) already available throughout the country. Fujifilm is a world leader in the digital photographic technology. Jindal Photo is also marketing the Fuji digital range of products after importing the same from Japan. The digital product range being marketed in India includes digital ID systems, digital cameras, digitized photographic processing equipments, etc.

The company achieved an annual turnover of over Rs 412 crore during 2006-07. This manifold growth of Jindal Photo has been made possible due to its unflinching philosophy of providing customers with high-class quality and latest technology supported by a marketing network of branches, distributors and dealers. Ever since its inception, the company has stressed upon continuous improvement in the quality of its products. The company started manufacturing color paper in the year 1987 followed by color film in 1988.  With the beginning of liberalization era in 1991, Jindal Photo expanded into the manufacture of medical and industrial x-ray films and cine color positive processed from bulk jumbo rolls imported from Fujifilm, Japan.

The company has its manufacturing plants located at Dadra and Jammu.  An ISO 9002 company, the manufacturing facilities of Jindal Photo are model establishments with state-of-the-art machinery where highly sophisticated materials are processed in a light-sensitive and dust-free environment. This ensures that the same world class Fujifilm quality is available to customers in India also.

In 2012 Jindal Photo entered into an Agreement with Kodak (Singapore) Pte. Limited.

Products:

1. Fujifilm Supersix

2. Color roll film   

• Amateur films 

• Professional roll films

3. Cameras  

• Pentax digital cameras

4. Photo-processing equipment

5. Photographic chemicals

6. Photographic color paper

7. Medical systems  

• X-ray films 

• Medical equipment

8. Cine color positive films

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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