BSE: 506910 | NSE: JAYDYSTUF | Dyes & Pigments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jaysynth Dyestuff (India) Ltd is a below average quality company.
The key valuation ratios of Jaysynth Dyestuff (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jaysynth Dyestuff (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
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 % ⓘ | 16% | 8.5% | 8.6% | 5.2% | 2.3% | 4.4% | 3.1% | 5.4% | 8.2% | 5.6% | - |
| Value Creation Index ⓘ | 0.2 | -0.4 | -0.4 | -0.6 | -0.8 | -0.7 | -0.8 | -0.6 | -0.4 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 129 | 120 | 119 | 120 | 118 | 118 | 112 | 124 | 163 | 140 | 148 |
| Sales YoY Gr. | - | -7.1% | -0.7% | 0.4% | -1.7% | 0.5% | -4.9% | 10.6% | 30.7% | -13.8% | - |
| Adj EPS ⓘ | 8.8 | 5.3 | 6 | 3.8 | 1.7 | 3.4 | 2.3 | 4.7 | 7.9 | 5.7 | 10.5 |
| YoY Gr. | - | -39.9% | 12.4% | -36.2% | -55.4% | 98.8% | -31.1% | 101.7% | 68.5% | -28.7% | - |
| BVPS (₹) ⓘ | 61.9 | 67.5 | 74.3 | 78.8 | 80.6 | 84.3 | 86.6 | 91.3 | 99.7 | 106.8 | 115.6 |
| Adj Net Profit ⓘ | 7.7 | 4.6 | 5.2 | 3.3 | 1.5 | 2.9 | 2 | 4.1 | 6.9 | 4.9 | 9 |
| Cash Flow from Ops. ⓘ | 2.8 | 1.5 | 3.8 | 1.4 | -0.6 | 8.1 | 1.6 | -5.2 | 3.6 | 19.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | -0.8 | 0.8 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.9% | 3.6% | 7.6% | -13.8% | ||||
| Adj EPS ⓘ | -4.8% | 27.2% | 34.4% | -28.7% | ||||
| BVPSⓘ | 6.3% | 5.8% | 7.2% | 7.1% | ||||
| Share Price | 16.3% | 16.4% | 27% | 115.5% | ||||
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 % ⓘ | 15.5 | 8.2 | 8.4 | 5 | 2.1 | 4.1 | 2.7 | 5.3 | 8.3 | 5.5 | 9.4 |
| Op. Profit Mgn % ⓘ | 9.1 | 6.8 | 7.3 | 5.3 | 3.5 | 4.8 | 4 | 5.7 | 7.1 | 5.7 | 8.6 |
| Net Profit Mgn % ⓘ | 5.9 | 3.9 | 4.4 | 2.8 | 1.3 | 2.5 | 1.8 | 3.3 | 4.2 | 3.5 | 6.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 154 | 192 | 211 | 203 | 207 | 206 | 212 | 217 | 182 | 206 | 130 |
| Cash Conv. Cycle ⓘ | 41 | 59 | 71 | 81 | 94 | 100 | 117 | 123 | 114 | 126 | 95 |
Return on Equity has increased versus last 3 years average to 9.40%
Net Profit is growing at healthy rate in last 3 years 34.35%
Sales growth has been subdued in last 3 years 7.59%
Sales growth is not so good in last 4 quarters at 4.19%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.5 | 9 |
| TTM Sales (₹ Cr.) | 148 | 151 |
| BVPS (₹.) ⓘ | 115.6 | 119.1 |
| Reserves (₹ Cr.) ⓘ | 100 | 103 |
| P/BV ⓘ | 1.09 | 1.06 |
| PE ⓘ | 12.04 | 14.10 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 54.15 / 145.85 |
| All Time Low / High (₹) | 0.65 / 145.85 |
| Market Cap (₹ Cr.) | 110 |
| Equity (₹ Cr.) | 0.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 23.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 129 | 120 | 119 | 120 | 118 | 118 | 112 | 124 | 163 | 140 |
| Operating Expenses ⓘ | 117 | 112 | 111 | 113 | 114 | 113 | 108 | 118 | 151 | 132 |
| Manufacturing Costs | 9 | 8 | 8 | 6 | 5 | 4 | 5 | 4 | 6 | 7 |
| Material Costs | 92 | 85 | 83 | 88 | 90 | 92 | 85 | 97 | 122 | 103 |
| Employee Cost | 5 | 6 | 7 | 7 | 7 | 7 | 8 | 7 | 9 | 10 |
| Other Costs ⓘ | 11 | 13 | 13 | 12 | 12 | 9 | 10 | 10 | 15 | 12 |
| Operating Profit ⓘ | 12 | 8 | 9 | 6 | 4 | 6 | 4 | 7 | 11 | 8 |
| Operating Profit Margin (%) | 9.1% | 6.8% | 7.3% | 5.3% | 3.3% | 4.8% | 4.0% | 5.3% | 7.0% | 5.7% |
| Other Income ⓘ | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 13 | 8 | 9 | 6 | 2 | 5 | 3 | 5 | 10 | 7 |
| Tax ⓘ | 4 | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 3 | 2 |
| Profit After Tax | 9 | 5 | 6 | 4 | 2 | 4 | 2 | 4 | 7 | 6 |
| PAT Margin (%) | 7.0% | 4.3% | 5.2% | 3.3% | 1.4% | 3.0% | 2.0% | 3.0% | 4.4% | 4.0% |
| Adjusted EPS (₹) | 10.4 | 5.9 | 7.1 | 4.6 | 2.0 | 4.1 | 2.6 | 4.3 | 8.3 | 6.5 |
| Dividend Payout Ratio (%) | 2% | 3% | 4% | 7% | 8% | 4% | 6% | 5% | 4% | 4% |
| 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 | 54 | 59 | 65 | 69 | 70 | 73 | 75 | 79 | 87 | 93 |
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves ⓘ | 53 | 58 | 64 | 68 | 69 | 72 | 74 | 78 | 86 | 92 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 0 |
| Trade Payables | 25 | 20 | 21 | 16 | 22 | 16 | 19 | 20 | 19 | 25 |
| Others Liabilities ⓘ | 15 | 21 | 23 | 11 | 10 | 8 | 9 | 8 | 7 | 5 |
| Total Liabilities ⓘ | 94 | 99 | 109 | 96 | 102 | 97 | 104 | 111 | 116 | 123 |
Fixed Assets | ||||||||||
| Gross Block | 16 | 19 | 20 | 14 | 16 | 16 | 17 | 17 | 19 | 24 |
| Accumulated Depreciation | 3 | 5 | 6 | 1 | 3 | 5 | 6 | 8 | 9 | 11 |
| Net Fixed Assetsⓘ | 13 | 14 | 14 | 12 | 13 | 11 | 10 | 9 | 9 | 12 |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investmentsⓘ | 12 | 11 | 14 | 15 | 13 | 12 | 22 | 11 | 14 | 22 |
| Inventories | 20 | 25 | 25 | 24 | 20 | 21 | 28 | 31 | 41 | 40 |
| Trade Receivables | 27 | 21 | 26 | 25 | 35 | 30 | 31 | 37 | 35 | 30 |
| Cash Equivalents | 5 | 6 | 6 | 5 | 5 | 13 | 3 | 12 | 8 | 13 |
| Others Assetsⓘ | 17 | 23 | 25 | 14 | 17 | 11 | 10 | 10 | 7 | 5 |
| Total Assets ⓘ | 94 | 99 | 109 | 96 | 102 | 97 | 104 | 111 | 116 | 123 |
| 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 ⓘ | 3 | 1 | 4 | 1 | -1 | 8 | 2 | -5 | 4 | 20 |
| PBT ⓘ | 13 | 8 | 9 | 6 | 2 | 5 | 3 | 5 | 10 | 7 |
| Adjustment ⓘ | -1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 |
| Changes in Working Capital ⓘ | -5 | -5 | -2 | -4 | -4 | 3 | -2 | -11 | -6 | 14 |
| Tax Paid ⓘ | -3 | -3 | -3 | -2 | -1 | -2 | -2 | -2 | -2 | -3 |
| Cash Flow From Investing Activity ⓘ | -3 | -1 | -4 | -1 | 1 | 0 | -10 | 10 | -6 | -11 |
| Capex | 1 | -2 | -2 | -2 | -1 | 0 | 0 | -1 | -3 | -3 |
| Net Investments | -4 | 1 | -2 | 1 | 1 | 1 | -10 | 5 | -3 | -8 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 3 | -2 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | -1 | -3 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | 0 | 8 | -9 | 8 | -4 | 6 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.3 | 9.16 | 10.05 | 5.97 | 2.45 | 4.93 | 3.06 | 4.86 | 8.7 | 6.3 |
| ROCE (%) | 26.75 | 14.31 | 14.46 | 8.96 | 3.9 | 6.98 | 4.57 | 7.15 | 12.19 | 8.32 |
| Asset Turnover Ratio | 1.59 | 1.31 | 1.2 | 1.22 | 1.2 | 1.19 | 1.12 | 1.16 | 1.43 | 1.17 |
| PAT to CFO Conversion(x) | 0.33 | 0.2 | 0.67 | 0.25 | -0.5 | 2 | 1 | -1.25 | 0.57 | 3.33 | Working Capital Days |
| Receivable Days | 73 | 69 | 69 | 74 | 92 | 101 | 99 | 101 | 81 | 85 |
| Inventory Days | 43 | 65 | 73 | 71 | 67 | 63 | 79 | 87 | 81 | 105 |
| Payable Days | 95 | 97 | 91 | 78 | 76 | 76 | 77 | 74 | 58 | 79 |
Jaysynth Dyestuff (India) Ltd. was set up in 1971 with the main objective of manufacturing and marketing reactive dyes. Starting from a modest production of 6 metric tonnes the company has today become one of the largest dyes and pigments businesses in India.
The company’s first foray into the export market was made in 1976. This marked an important trend reversal for India – from a net importer of dyes to exporter, with Jaysynth leading the export drive.
Jaysynth's products are now exported to over 50 countries, including the very countries from which dyes were imported earlier. The bulk of its production comes from four highly versatile manufacturing facilities in New Bombay, Patalganga, Taloja and Vapi.
Today, Jaysynth has grown into a professionally managed group with annual revenues of $ 40 million.Jaysynth’s corporate policy can be summed up as customer satisfaction, reliability, innovation, quality and service.
The company is one of India’s largest dyes, pigments and digital ink business and a premier supplier of products and services to the textiles, plastics, printing inks and paint industry – globally.
Jaysynth has consistently delivered unsurpassed quality, innovative solutions and created value for clients for over 30 years. Its customers include some of the worlds leading companies.
Jaysynth is focused on creating and delivering value for its customers by helping them improve efficiencies, become more cost competitive, expand their markets and differentiate.
Product range of the company includes:
The Jaysynth Group comprises of the following companies:
Achievements/ recognition :
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