JCT Electronics Ltd - Stock Valuation and Financial Performance

Name: JCT Electronics
Brand: JCT Electronics

BSE: 500222 | NSE: JCTEL | Electronics - Components | Small Cap

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JCT Electronics stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

20.5 Cr.

52-wk low:

0.3

52-wk high:

0.3

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1. Is a good quality company?

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10 Year X-Ray of JCT Electronics:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	TTM
ROCE % ⓘ	-37.7%	225%	-18.1%	-45.2%	4.5%	-2.5%	-238.9%	93.3%	45%	34.5%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	245	292	339	390	487	463	217	346	47	2.5	0
Sales YoY Gr.	-	19.3%	16%	15.1%	24.9%	-4.8%	-53.2%	59.7%	-86.4%	-94.7%	-
Adj EPS ⓘ	-57.4	145.9	-0.5	-0.9	-0.2	-0.3	-0.7	-0.6	-0.7	-0.8	-0.9
YoY Gr.	-	NA	-100.4%	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-225.5	-79.5	-2.6	-3.5	-3.6	-3.9	-4.7	-5.3	-6.1	-7	-7.4
Adj Net Profit ⓘ	-198	504	-40.4	-74	-12.5	-19.9	-58.3	-47.5	-52.3	-65.8	-71
Cash Flow from Ops. ⓘ	17	9.9	-10.2	26.8	9.8	14.4	1.7	-7.6	-7.5	-1.9	-
Debt/CF from Ops. ⓘ	57.8	43	-37.1	14	37.7	24.6	210.8	-47.2	-47.8	-184.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-39.9%	-65.2%	-77.4%	-94.7%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	TTM
Return on Equity % ⓘ	31	-105.3	19.3	31.1	4.5	6.8	17.3	12.1	11.6	12.7	12.5
Op. Profit Mgn % ⓘ	-12.3	-11.8	-5.2	-11.5	5.5	4.4	-9.3	-3.5	-55.3	-1907.5	NAN
Net Profit Mgn % ⓘ	-81.1	172.7	-11.9	-19	-2.6	-4.3	-26.9	-13.7	-111.3	-2643.6	-INF
Debt to Equity ⓘ	-1.3	-1.6	-1.9	-1.4	-1.3	-1.2	-1	-0.9	-0.8	-0.7	-
Working Cap Days ⓘ	131	105	94	88	91	97	192	121	735	11,920	0
Cash Conv. Cycle ⓘ	-96	-157	-193	-182	-191	-120	-68	-77	-337	6,275	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - JCT Electronics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.9	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	-7.4	-
Reserves (₹ Cr.) ⓘ	-658	-
P/BV ⓘ	-0.04	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.26 / 0.26
All Time Low / High (₹)	0.26 / 65.00
Market Cap (₹ Cr.)	20.5
Equity (₹ Cr.)	78.8
Face Value (₹)	1
Industry PE ⓘ	90.4

Management X-Ray of JCT Electronics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.66

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

Valuation of JCT Electronics

Analyst's Notes

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Key Ratios of JCT Electronics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15
Sales	244.55	291.81	338.53	389.72	486.59	463.35	216.69	346.11	46.95	2.49
Operating Expenses ⓘ	274.94	326.19	356.22	434.56	459.87	443.10	238.63	359.75	61.68	10.07
Manufacturing Costs	33.33	38.03	41.55	56.16	53.32	67.61	47.33	46.95	6.65	0.30
Material Costs	205.56	249.99	278.30	335.35	349.94	329.89	140.15	250.35	37.88	0.15
Employee Cost	21.41	20.10	19.37	24.25	33.91	27.10	23.36	27.20	11.42	2.79
Other Costs ⓘ	14.63	18.06	16.99	18.81	22.69	18.49	27.80	35.26	5.74	6.83
Operating Profit ⓘ	-30.38	-34.38	-17.69	-44.83	26.72	20.25	-21.94	-13.64	-14.72	-7.58
Operating Profit Margin (%)	-12.4%	-11.8%	-5.2%	-11.5%	5.5%	4.4%	-10.1%	-3.9%	-31.4%	-304.0%
Other Income ⓘ	4.84	560.20	1.93	3.17	1.43	2.59	0.94	0.43	3.80	0.67
Interest ⓘ	130.38	5.59	8.25	16.08	23.84	26.14	23.24	20.07	16.39	15.92
Depreciation ⓘ	42.30	16.23	16.17	16.28	16.86	16.55	15.35	15.32	16.77	15.06
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-198.22	504	-40.19	-74.01	-12.55	-19.86	-59.59	-48.59	-44.08	-37.89
Tax ⓘ	0.28	0	0	0	0	0	0	0	0	0
Profit After Tax	-198.50	504	-40.19	-74.01	-12.55	-19.86	-59.59	-48.59	-44.08	-37.89
PAT Margin (%)	-81.2%	172.7%	-11.9%	-19.0%	-2.6%	-4.3%	-27.5%	-14.0%	-93.9%	-1,521.2%
Adjusted EPS (₹)	-57.5	145.9	-0.5	-0.9	-0.2	-0.3	-0.8	-0.6	-0.6	-0.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15
Equity and Liabilities
Shareholders Fund	-778.69	-274.69	-200.54	-274.55	-285.50	-305.36	-367.99	-417.88	-480.36	-553.08
Share Capital ⓘ	34.54	34.54	78.48	78.48	78.82	78.82	78.82	78.82	78.82	78.82
Reserves ⓘ	-813.23	-309.23	-279.01	-353.03	-364.33	-384.19	-446.81	-496.70	-559.18	-631.90
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	984.11	425.08	376.57	375.86	369.07	333.19	311.69	285.51	241.89	166.53
Long Term Debt	984.11	425.08	376.57	375.86	369.07	333.19	310.19	283.71	241.89	166.53
Short Term Debt	0	0	0	0	0	0	1.50	1.80	0	0
Trade Payables	219.83	259.86	279.16	328.43	360.23	128.94	148.04	176.31	173.25	170.63
Others Liabilities ⓘ	102.57	100.97	36.32	64.84	88.55	309.42	359.97	392.35	431.77	557.34
Total Liabilities ⓘ	527.82	511.22	491.52	494.58	532.34	466.18	451.72	436.29	366.55	341.43
Fixed Assets
Gross Block	718.02	722.44	725.09	728.85	735.32	736.37	576.91	738.47	591.62	590.07
Accumulated Depreciation	317.88	336.86	352.35	368.20	384.78	401.16	277.65	430.28	315.48	329.85
Net Fixed Assetsⓘ	400.14	385.59	372.74	360.65	350.55	335.21	299.27	308.19	276.14	260.22
CWIP ⓘ	3.47	2.39	1.87	2.02	2.91	4.56	4.02	2.98	0.01	0
Investmentsⓘ	1.57	1.57	1.57	1.57	1.57	1.57	0.66	0.66	0.66	0.49
Inventories	49.22	56.58	62.70	62.65	70.95	42.77	45.73	38.59	7.97	3.60
Trade Receivables	34.82	19.93	13.23	9.64	53.82	46.62	48.08	57.93	62.51	62.53
Cash Equivalents	22.28	25.40	7.50	25.54	19.02	9.50	10.60	3.85	1.81	0.33
Others Assetsⓘ	16.31	19.76	31.90	32.51	33.53	25.95	43.36	24.09	17.46	14.27
Total Assets ⓘ	527.82	511.22	491.52	494.58	532.34	466.18	451.72	436.29	366.55	341.43

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15
Cash Flow From Operating Activity ⓘ	17.04	9.89	-10.15	26.81	9.79	14.36	1.69	-7.60	-7.49	-1.94
PBT ⓘ	-198.13	-41.68	-39.72	-71.43	-11.94	-19.86	-62.62	-49.89	-62.48	-72.64
Adjustment ⓘ	163.58	20.25	21.94	29.13	38.31	38.78	38.41	33.60	48.65	31.82
Changes in Working Capital ⓘ	51.74	31.74	8.94	72.05	-15.84	-4.43	26.76	9.84	5.9	39.1
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-11.83	-3.42	-2.43	-4.39	-7.81	-2.88	-1.85	-2.11	6.74	0.49
Capex	-11.83	-3.43	-2.71	-4.39	-7.81	-2.89	-1.85	-2.11	6.74	0.49
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0.28	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-3.18	-3.35	-5.31	-4.38	-8.50	-20.99	1.26	2.96	-1.29	-0.04
Net Proceeds from Shares ⓘ	0	17.50	7.50	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-0.06	-17.50	-7.50	-0.72	-5.19	-15.80	0	3.40	0.89	0
Interest Paid ⓘ	-2.63	-3.05	-5.31	-3.67	-3.32	-5.19	-0.74	-0.74	-0.39	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0.49	-0.31	0	0	0	0	2	0.30	-1.80	-0.04
Net Cash Flow ⓘ	2.03	3.12	-17.89	18.04	-6.52	-9.52	1.10	-6.75	-2.04	-1.48

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.52	0.66	0.79	0.9	1.03	1.03	0.52	0.88	0.13	0.01
PAT to CFO Conversion(x)	N/A	0.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	38	29	15	9	22	36	72	50	424	8,854
Inventory Days	71	57	55	52	46	40	67	40	164	819
Payable Days	298	323	339	316	347	261	343	230	1,672	0

JCT Electronics Ltd Stock News

JCT Electronics Ltd FAQs

What is the share price of JCT Electronics?

Company share prices are keep on changing according to the market conditions. The closing price of JCT Electronics on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of JCT Electronics?

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 01-Jan-1970 05:30 the market cap of JCT Electronics stood at ₹20.49.

What is the P/E ratio of JCT Electronics?

The latest P/E ratio of JCT Electronics as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of JCT Electronics?

The latest P/B ratio of JCT Electronics as of 01-Jan-1970 05:30 is -0.04.

What is the 52-week high and low of JCT Electronics?

The 52-week high of JCT Electronics is ₹0.26 and the 52-week low is ₹0.26.

What is the TTM revenue of JCT Electronics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JCT Electronics is ₹0.00 ( Cr.) .

About JCT Electronics Ltd

JCT Electronics Limited is a flagship company of the Thapar Group, one of Indiaâ€™s largest industrial conglomerates. JCT Electronics Ltd (JCTEL) was formerly known as Punjab Display Devices Ltd (PDDL). It was established as a wholly-owned subsidiary of Punjab State Industrial Development Corporation (PSIDC) in 1976.

Founded in the 1920â€™s, the Thapar Group now stands with 54 companies and 84 manufacturing plant and is an emerging group of the country.

JCT Electronics was the first Colour Picture Tube (CPT) manufacturer in India. JCTEL, formerly known as Punjab Display Devices was set up as a wholly-owned subsidiary of Punjab State Industrial Development Corporation (PSIDC) in 1976 to manufacture Black & White Picture Tubes, Cathode Ray Tubes, Gas-filled Discharge Tubes and Fluorescent Display Tubes at Mohali (Punjab), India. PDDL was taken over in 1986 by JCT Ltd., a flagship Thapar Group Company, as a diversification project to manufacture CPTs and therefore renamed as JCTEL. JCTEL thereafter set up a modern plant for manufacture of CPTs in technical collaboration with Hitachi, Japan, one of the pioneers in the Display Devices. Initially the plant had a capacity of 0.6 million CPTs which was increased to 1.20 million over a period of time.

In 1996, JCTEL went in for expansion and set-up a new greenfield plant near Vadodara in Western India. Engineered in-house with Hitachiâ€™s assistance to manufacture 1 million (presently at 4 million) CPTs per annum in the sizes of 14â€, 20â€ and 21â€ pure flat tubes. It proposes to introduce 21â€ Ultra Slim and Pure Flat CPTs very soon.

JCTEL has two plants â€“ one at Mohali (near Chandigarh) in Northern India and the other at Karjan (near Vadodara) in Western India with a combined capacity to manufacture 5.2 million CPTs.

Mohali (near Chandigarh) - This plant has a capacity of 1.2 million CPTs per annum and produces 20â€ conventional CPTs only. It has been set up in technical collaboration with Hitachi in 1986.

Karjan (near Vadodara) - This plant is one of the most modern CPT plants. It is a technological landmark, is equipped with highly sophisticated machines which include over 50 robots and power free conveyor systems of nearly 5 KM in length. It commenced production 1996 and has a capacity of 4.00 million CPTs. The plant manufactures 14â€, 20â€ conventional and 21â€ Pure Flat CPTs.

Product range of the company includes:

21' Colour Picture Tube20' Colour Picture Tube14' Colour Picture Tube