Jindal Poly Films Ltd - Stock Valuation and Financial Performance

BSE: 500227 | NSE: JINDALPOLY | Plastic Products | Small Cap

Jindal Poly Films Share Price

755.90 5.30 0.71%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Jindal Poly Films

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Jindal Poly Films stock performance -

mw4me loader
P/E Ratio (SA):
8.75
Market Cap:
3,318.8 Cr.
52-wk low:
450
52-wk high:
983.8

Is Jindal Poly Films Ltd an attractive stock to invest in?

1. Is Jindal Poly Films Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jindal Poly Films Ltd is a average quality company.

2. Is Jindal Poly Films Ltd undervalued or overvalued?

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

3. Is Jindal Poly Films Ltd a good buy now?

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

10 Year X-Ray of Jindal Poly Films:

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 Poly Films Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.1%14.5%7.9%3.2%-5.4%21.3%32.8%39.5%35.8%7.3%-
Value Creation
Index
0.00.0-0.4-0.8-1.40.51.41.81.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,7562,6442,5922,9513,5963,5304,0755,8692,481543572
Sales YoY Gr.--4.1%-2%13.8%21.9%-1.8%15.4%44%-57.7%-78.1%-
Adj EPS 37.248.319.230.3-90.1110.4176.2264.5216.670.686.6
YoY Gr.-29.7%-60.2%57.8%-397.5%NA59.7%50.1%-18.1%-67.4%-
BVPS (₹) 352.3394.3412414.5333.2411.5590.2861.41,254.61,321.61,366.6
Adj Net
Profit
16321184.1133-3954837721,158948309379
Cash Flow from Ops. 82.6269301288455355897730-41764.2-
Debt/CF from Ops. 6.72.83.53.42.43.911.7-1.810.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.5%-31.5%-48.9%-78.1%
Adj EPS 7.4%NA-26.3%-67.4%
BVPS15.8%31.7%30.8%5.3%
Share Price 9.6% 27.9% -7.2% 22.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
11.612.94.87.3-24.129.635.236.520.55.56.5
Op. Profit
Mgn %
10.814.48.910.41218.727.124.417.65.14.6
Net Profit
Mgn %
5.983.24.5-1113.718.919.738.256.966.3
Debt to
Equity
0.40.40.60.50.70.80.30.30.10.1-
Working Cap
Days
118931001111021041091122871,1711,489
Cash Conv.
Cycle
2323263132333233601321,346

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.40%

Sales growth has been subdued in last 3 years -48.92%

Net Profit has been subdued in last 3 years -26.27%

Sales growth is not so good in last 4 quarters at -15.75%

Latest Financials - Jindal Poly Films Ltd.

Standalone Consolidated
TTM EPS (₹) 86.6 32.4
TTM Sales (₹ Cr.) 572 4,327
BVPS (₹.) 1,366.6 950.7
Reserves (₹ Cr.) 5,940 4,119
P/BV 0.55 0.80
PE 8.75 23.38
From the Market
52 Week Low / High (₹) 450.00 / 983.75
All Time Low / High (₹) 9.05 / 1444.40
Market Cap (₹ Cr.) 3,319
Equity (₹ Cr.) 43.8
Face Value (₹) 10
Industry PE 38.9

Management X-Ray of Jindal Poly Films:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Jindal Poly Films

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,7562,6442,5922,9513,5963,5304,0755,8692,481543
Operating Expenses 2,4652,2872,3802,6513,1662,8782,9734,4372,046516
Manufacturing Costs31431532738340645345357826088
Material Costs1,9491,7171,7631,9742,5572,2042,2813,5991,642354
Employee Cost 46637885901041131266327
Other Costs 1561922122091121161261338046
Operating Profit 2913582122994306521,1011,43343628
Operating Profit Margin (%) 10.6%13.5%8.2%10.1%12.0%18.5%27.0%24.4%17.6%5.1%
Other Income 4032807710473135280563496
Interest 33396366479560314450
Depreciation 5857981021021161421508760
Exceptional Items -3-217-184-577001061,0950
Profit Before Tax 23829214724-1915151,0351,6361,963414
Tax 7997531016236249442222102
Profit After Tax 1591959515-3534797861,1941,741312
PAT Margin (%) 5.8%7.4%3.7%0.5%-9.8%13.6%19.3%20.3%70.2%57.4%
Adjusted EPS (₹)36.344.621.63.3-80.6109.3179.4272.8397.771.3
Dividend Payout Ratio (%)3%2%5%30%-1%1%1%2%1%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,5431,7261,8041,8151,4591,8022,5843,7725,4935,787
Share Capital 44444444444444444444
Reserves 1,4991,6831,7601,7711,4151,7582,5403,7285,4505,743
Minority Interest0000000000
Debt5206878928118811,1907331,097682595
Long Term Debt256370678484681949569671498416
Short Term Debt264317214327200241163426184179
Trade Payables2051421992352612492682832567
Others Liabilities 3014086546959571,0591,1341,357336741
Total Liabilities 2,5682,9643,5493,5553,5584,3004,7196,5086,5367,189

Fixed Assets

Gross Block2,1671,3351,9682,0272,3592,7762,9943,3191,4881,535
Accumulated Depreciation1,04960181265342454565718448528
Net Fixed Assets1,1181,2761,7871,7622,0172,3222,4282,6011,0411,007
CWIP 801651315311822577210
Investments 5757468487194064244531,3123,6414,336
Inventories26827532541948257570189892110
Trade Receivables153121100141143130100209140152
Cash Equivalents 39534586572723041195495
Others Assets3343284314134223957081,2921,5481,489
Total Assets 2,5682,9643,5493,5553,5584,3004,7196,5086,5367,189

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 83269301288455355897730-41764
PBT 23229214724-1915151,0351,6361,963414
Adjustment 771021142896587197-118-1,414-350
Changes in Working Capital -154-2554-2162-10921-455-52459
Tax Paid -74-101-16-4-75-122-255-333-442-59
Cash Flow From Investing Activity -264-443-194-113-511-423-436-1,106-50978
Capex -32-279-85-87-400-472-200-385-390-11
Net Investments -308-231-133-49-133-71-123-579-1299
Others 7767252322119-113-1411080
Cash Flow From Financing Activity 140165-99-15845298-533290953-146
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0081-203214324-38762964-74
Interest Paid -22-24-59-67-38-63-64-23-59-47
Dividend Paid -5-5-5-4-5-5-4-9-22-19
Others 167194-116116-12642-7825970-6
Net Cash Flow -41-9817-11230-72-8628-4
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.3411.935.370.8-21.5729.3735.8237.5837.595.53
ROCE (%)14.0914.497.893.19-5.4221.332.8339.4935.767.3
Asset Turnover Ratio1.141.050.880.851.010.960.971.130.410.08
PAT to CFO Conversion(x)0.521.383.1719.2N/A0.741.140.61-0.240.21
Working Capital Days
Receivable Days2017141514131092497
Inventory Days36343845465153466867
Payable Days41373540354241283447

Jindal Poly Films Ltd Stock News

Jindal Poly Films Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jindal Poly Films on 31-Oct-2024 16:01 is ₹755.9.
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 31-Oct-2024 16:01 the market cap of Jindal Poly Films stood at ₹3,318.8.
The latest P/E ratio of Jindal Poly Films as of 31-Oct-2024 16:01 is 8.75.
The latest P/B ratio of Jindal Poly Films as of 31-Oct-2024 16:01 is 0.55.
The 52-week high of Jindal Poly Films is ₹983.8 and the 52-week low is ₹450.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Poly Films is ₹572.1 ( Cr.) .

About Jindal Poly Films Ltd

Jindal Poly Films (JPFL) is a part of Rs 30 billion B C Jindal group, a 50-year old industrial group offering a wide range of products. The group has promoted a number of companies over the years and is involved in diverse activities including manufacturing of polyester film, polypropylene film, steel pipes and photographic products.

JPFL is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET film, BOPP film, metalized BOPET film and BOPP film, coated BOPET and BOPP films, polyester chips (for captive consumption in the BOPET film)

From being only a polyester yarn producer in 1985, JPFL diversified in 1996 into BOPET film production. In 2003, JPFL commenced production of BOPP film and metallised film. JPFL commenced production of coated film products by July 2005. JPFL capabilities were strengthened by the acquisition in November 2003 of Rexor SAS, in France, which produces metallised and coated films as well as tear tape, stamping foil, security thread and other high-value products. JPFL plant at Nasik, Maharashtra is the world’s largest single location plant for the manufacture of BOPET and BOPP films.

The company is the world's 5th largest BOPET Film manufacturers in the world. It is in the league of top five producers of BOPP Films in the world after the expansion.

Rexor makes and sells a broad range of metallised and coated BOPET films for preserving food products and is a market leading producer of “tear tape” for easy opening of cheese portions and laminated films used in the packaging of luxury products such as cosmetics and perfumes. It is the leading independent producer of security threads for bank notes. The company also produces film for decoration, insulation, aeronautics and sun protection. It holds proprietary technologies for laser demetallisation of security threads and other bank note security applications and for slitting films into widths as short as 0.20 millimeters.

In 2012 Jindal Poly Films entered into an agreement with ExxonMobil Chemical (ExxonMobil) to purchase ExxonMobil's BOPP Global Film business.

Milestones:

• 1985 Commenced manufacturing of POY at Gulahoti, Bulandshahar, UP.

• 1992 Backward integration into manufacturing of polyester chips for captive consumption

• 1996 Diversified into manufacturing BOPET films at Nasik.

• 2000 Installed a new thick BOPET film manufacturing facility 

• 2003 Diversified into manufacturing BOPP and metallised films at Nasik. Acquired Rexor, France in November 2003 for Euro 8.5 million 

• 2005 Started second 8.7 meters width BOPET films line with a capacity of 25000 tonnes per annum. Started 5 Layer 8.2 meters width BOPP films line with a capacity of 32000 tonnes per annum.

• 2006 Started second 8.2 meters width BOPP films with a capacity of 45000 tonnes per annum.

• 2007 Started 3rd 8.2 meters width BOPP line with a capacity of 45000 tonnes per annum.

• 2009 Started two 8.7 mtrs width BOPP lines with a capacity of 45000 tpa each.
• 2010 Started 3rd 8.7 mtrs BOPET line with a capacity of 30000 tpa.
* Between 2003-2011 -----9 Metallizer have been installed with a total capacity of 53640 tpa.

Products:

1. PET Films

Polyester film commonly known as PET film is a versatile film, which has a vast range of applications. The film provides a strong barrier to moisture, odour and gases making it suitable for use in flexible packaging. Its high tensile strength, thermal and chemical stability makes it suitable for a multitude of applications in electric insulation, office supplies, graphic arts, magnetic media imaging, metallic yarn and industrial applications.

2. BOPP Films

Polypropylene film commonly known as BOPP is widely used for food packaging, textile bags, overwraps for cigarette and personal products, adhesive tapes and labels. BOPP film possesses dimensional stability, high tensile strength, good stiffness, high clarity, excellent printability and most importantly, heat sealability.

3. Metalized Films 

JPFL has four wide width metallizers with plasma treatment facilities for enhanced shelf life and barrier properties. Two more metallizers of 2850 mm width are being installed by Jan & March 2008.

4. Coated Films 

As a part of the forward integration of BOPP and PET Films, JPFL installed two coating lines for manufacturing of entire range of specialty coated films like PVdC, Acrylic, Low Temperature Seal and High Seal Integrity coatings.  

5. Poly Chips

Jindal Group stands for the highest Polyester films, polyester chips and resins production facilities, with plants located at Nasik to cater to captive consumption.

Expansion Plans:

• One 8.7 meters wide 25000 tonnes per annum capacity BOPET film by June 2009.

• Two 8.7 meters wide with a capacity of 60000 tonnes per annum BOPP films by 2009-10.

• Two expansion coating lines with a capacity of 9000 MT in mid 2009.

• Two more metalizer with a capacity of 20000 tonnes per annum in 2010.

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