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JCT Electronics Ltd Stock Analysis

Small Cap
Evaluated by 86 users | BSE: 500222 | NSE: JCTEL |
Electronics - Components
JCT Electronics Limited is a flagship company of the Thapar Group, one of India’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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Capital Employed -37.69%224.99%-18.07%-45.23%4.52%-2.5%-238.93%93.27%45.02%34.47%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 245292339390487463217346472.5
Y-o-Y Gr. Rt.-19.3%16%15.1%24.9%-4.8%-53.2%59.7%-86.4%-94.7%
Adjusted EPS (Rs.) -57.4145.86-0.51-0.94-0.16-0.25-0.74-0.6-0.66-0.84
Y-o-Y Gr. Rt.-NA-100.4%NANANANANANANA
Book Value per Share (Rs.) -225.48-79.54-2.56-3.5-3.62-3.87-4.67-5.3-6.09-7.02
Adjusted Net Profit -198504-40.4-74-12.5-19.9-58.3-47.5-52.3-65.8
Net Op. Cash Flow (Rs. Cr.) 179.9-10.226.89.814.41.7-7.6-7.5-1.9
Debt to Cash Flow from Ops 57.7542.96-37.114.0237.6924.61210.83-47.23-47.81-184.83
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
JCT Electronics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -39.9%-65.2%-77.4%-94.7%
Adjusted EPS NANANANA
Book Value per Share 0000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Equity (%) 30.97-105.2519.2931.144.476.7517.3212.0811.6412.74
Operating Profit Margin (%) -12.32-11.78-5.23-11.495.54.38-9.25-3.47-55.29-1907.51
Net Profit Margin (%) -81.1172.71-11.93-18.98-2.57-4.3-26.91-13.71-111.3-2643.55
Debt to Equity -1.26-1.55-1.88-1.37-1.29-1.16-0.97-0.86-0.75-0.65
Working Capital Days 1311059488919719212173511,920
Cash Conversion Cycle -96-157-193-182-191-120-68-77-3376,275
Entity Percentage Holding
Promoters 82.79%
Institutions 5.69%
Non-Institutions 11.53%
Pledged *0.660.660.660.660.660.660.660.660.660.66
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

JCT Electronics Limited is a flagship company of the Thapar Group, one of India’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 1920’s, the Thapar Group now stands with 54 companies and 84 manufacturing plant and is an emerging group of the country.

JCT Electronics was

JCT Electronics Limited is a flagship company of the Thapar Group, one of India’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 1920’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 Hitachi’s assistance to manufacture 1 million (presently at 4 million) CPTs per annum in the sizes of 14”, 20” and 21” pure flat tubes. It proposes to introduce 21” Ultra Slim and Pure Flat CPTs very soon.

JCTEL has two plants – 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 20” 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 14”, 20” conventional and 21” Pure Flat CPTs.

Product range of the company includes:

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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