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JD Orgochem Ltd. Stock Analysis

Small Cap
Evaluated by 59 users | BSE: 524592 | NSE: JDORGOCHEM |
Dyes & Pigments
JD Orgochem is engaged in manufacturing and marketing agrochemical products and dyes. It was incorporated as a private limited company on October 5, 1973, and later converted into a public limited company on October 29, 1988. Earlier known as Jaysynth Dyechem, it got its present name on...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -15.17%-13.52%-15.71%-29.63%-58.75%-87.85%-274.41%-420.42%1.23%-159.48%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 0.91.30000.80.80.51.21.8
Y-o-Y Gr. Rt.-46.2%-100%NANANA-1.2%-34.2%122.2%49.2%
Adjusted EPS (Rs.) -3.97-2.83-2.76-3.77-3.25-0.78-0.73.22-0.051.3
Y-o-Y Gr. Rt.-NANANANANANANA-101.6%NA
Book Value per Share (Rs.) -10.03-12.76-15.34-19.7-24.31-25.12-25.82-13.64-13.75-12.47
Adjusted Net Profit -5.3-3.8-3.7-5-4.3-1-0.94.3-0.11.7
Net Op. Cash Flow (Rs. Cr.) 10-0.40.10.5-1.4-0.5-0.20.5-0.4-0.2
Debt to Cash Flow from Ops 3.79-98.07292.8875.7-25.1-70.84-162.0636.15-38.53-74.2
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.
JD Orgochem Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.8%NA29.7%49.2%
Adjusted EPS NANANANA
Book Value per Share 0000
Share Price -4.3% -4.7% -8.9% 31.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 64.0237.1226.8827.416.163.172.73-16.310.35-9.9
Operating Profit Margin (%) -505.84-52.11-35433.3300-77.16-70.17-129.97-51.91-25.04
Net Profit Margin (%) -580.31-282.5-152513.7500-125.26-112.26794.09-5.2696.21
Debt to Equity -2.85-2.23-1.78-1.3-1.05-1.02-1-0.9-0.89-0.99
Working Capital Days 5,1162,0828,30,14700903913847201170
Cash Conversion Cycle 9709277,08100327320104-184-192
Entity Percentage Holding
Promoters 63.83%
Institutions 0.11%
Non-Institutions 36.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of JD Orgochem's performance infers:

JD Orgochem earnings have grown by 0%, whereas share price has depreciated -4.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of JD Orgochem share prices over the last 10 years. Here is what we found out:

JD Orgochem share price has depreciated -0.6% annually over the past ten years.

JD Orgochem is engaged in manufacturing and marketing agrochemical products and dyes. It was incorporated as a private limited company on October 5, 1973, and later converted into a public limited company on October 29, 1988. Earlier known as Jaysynth Dyechem, it got its present name on January 27, 2004.

It markets its products under the brand names Reactofix and Terenix. The two plants are located at Turbe and Patalganga in Maharashtra. Jaysynth Anthraquinones and Jaysynth (Europe) are

JD Orgochem is engaged in manufacturing and marketing agrochemical products and dyes. It was incorporated as a private limited company on October 5, 1973, and later converted into a public limited company on October 29, 1988. Earlier known as Jaysynth Dyechem, it got its present name on January 27, 2004.

It markets its products under the brand names Reactofix and Terenix. The two plants are located at Turbe and Patalganga in Maharashtra. Jaysynth Anthraquinones and Jaysynth (Europe) are subsidiary companies.

Through agents and distributors, the company exports more than 50% of its production to over 40 countries around the world. Major clients include the Birla group, Bombay Dyeing, Century Textile, Century Enka, JCT Mills, Khatau, Mafatlal group, Reliance, and Piramal group among others. The Board of Industrial and Financial Reconstruction (BIFR) have vide its order dated February 5, 2007 filed the company as a sick industrial company.

Business areas of the company:

The company manufactures dyes and pigments, dye intermediates and fungicides.

Milestones:

1973 The company was incorporated as Private Limited Company on 5th October. The Company was later converted into public limited company 29th October 1988.  The company promoted by Saradchandra S. Kothari and his family members and is one of the leading manufacturers of Reactive and Disperse Dyes in India. The company is the fourth largest manufacturer of dyes in India. JD Orgochem also manufactures a number of Dye Intermediates. It has an R&D department and has agents and distributors all over the world and the products are sold under the brand name Reactofix and Terenex. 

1989 Effective 1st April, Group companies viz. Jay Phthalocyanines, Jay Ethyl Organics and N.A. Chemicals having their plants next to the company's plant at Turbhe & manufacturing similar products as of the company were amalgamated with the company. 

1994 JD Orgochem implemented the project at both the plants of the company at a cost of Rs 23 crore, which enhanced the dyeing capacity from 3600 tpa to 4680 tpa. Plant and Machinery comprised rubberlined/titlelined/carbonlined reactors, holding tanks, membrane systems were installed. 

2000 The Company has entered into an agreement with NSDL and CDSL. 

2001 Jaysynth Dyechem informed BSE that due to Labour problems, the company has declared lock-out at its factory situated at Plot No.A-4/2, MIDC Industrial Area, Patelganga, Dist. Raigad. 

2003 Changed the name of the company from Jaysynth Dyechem to JD Orgochem.  

Future Plans:

JD Orgochem is working out a revival package with the help and support of BIFR/ARGIL/SASF. The revival package may include induction of funds from strategic investors, sale of surplus assets, and restarting operation of its Patalganga plant.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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