Jindal Poly Films Ltd - Stock Valuation and Financial Performance

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

Jindal Poly Films Share Price

797.95 -3.10 -0.39%
as on 11-Oct'24 13:34

DeciZen - make an informed investing decision on Jindal Poly Films

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Jindal Poly Films stock performance -

mw4me loader
P/E Ratio (SA):
9.25
Market Cap:
3,507.5 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.5%14.1%14.5%7.9%3.2%-5.4%21.3%32.8%39.5%35.8%-
Value Creation
Index
-0.20.00.0-0.4-0.8-1.40.51.41.81.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,6312,7562,6442,5922,9513,5963,5304,0755,8692,481572
Sales YoY Gr.-4.8%-4.1%-2%13.8%21.9%-1.8%15.4%44%-57.7%-
Adj EPS 2337.248.319.230.3-90.1110.4176.2264.5391.686.6
YoY Gr.-62.1%29.7%-60.2%57.8%-397.5%NA59.7%50.1%48%-
BVPS (₹) 299.4352.3394.3412414.5333.2411.5590.2861.41,254.61,366.6
Adj Net
Profit
96.616321184.1133-3954837721,1581,715379
Cash Flow from Ops. 38082.6269301288455355897730-417-
Debt/CF from Ops. 1.36.72.83.53.42.43.911.7-1.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%-3.4%-11.1%-57.7%
Adj EPS 37.1%66.8%52.5%48%
BVPS17.3%24.8%45%45.7%
Share Price 10.3% 29.4% -7.6% 17.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.111.612.94.87.3-24.129.635.236.5376.6
Op. Profit
Mgn %
11.110.814.48.910.41218.727.124.417.64.6
Net Profit
Mgn %
3.75.983.24.5-1113.718.919.769.166.3
Debt to
Equity
0.40.40.40.60.50.70.80.30.30.1-
Working Cap
Days
146118931001111021041091122871,489
Cash Conv.
Cycle
332323263132333233601,346

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 52.52%

Return on Equity has declined versus last 3 years average to 6.60%

Sales growth has been subdued in last 3 years -11.08%

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 1,010.6
Reserves (₹ Cr.) 5,940 4,381
P/BV 0.59 0.79
PE 9.25 24.70
From the Market
52 Week Low / High (₹) 450.00 / 983.75
All Time Low / High (₹) 9.05 / 1444.40
Market Cap (₹ Cr.) 3,508
Equity (₹ Cr.) 43.8
Face Value (₹) 10
Industry PE 41.1

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

Login/Register to view analysis.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,6312,7562,6442,5922,9513,5963,5304,0755,8692,481
Operating Expenses 2,3402,4652,2872,3802,6513,1662,8782,9734,4372,044
Manufacturing Costs294314315327383406453453578260
Material Costs1,8891,9491,7171,7631,9742,5572,2042,2813,5991,642
Employee Cost 37466378859010411312663
Other Costs 12015619221220911211612613379
Operating Profit 2912913582122994306521,1011,433437
Operating Profit Margin (%) 11.1%10.6%13.5%8.2%10.1%12.0%18.5%27.0%24.4%17.6%
Other Income 294032807710473135280563
Interest 58333963664795603145
Depreciation 9458579810210211614215087
Exceptional Items -27-3-217-184-577001061,095
Profit Before Tax 14123829214724-1915151,0351,6361,963
Tax 567997531016236249442222
Profit After Tax 851591959515-3534797861,1941,741
PAT Margin (%) 3.2%5.8%7.4%3.7%0.5%-9.8%13.6%19.3%20.3%70.2%
Adjusted EPS (₹)20.236.344.621.63.3-80.6109.3179.4272.8397.7
Dividend Payout Ratio (%)5%3%2%5%30%-1%1%1%2%1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,2591,5431,7261,8041,8151,4591,8022,5843,7725,493
Share Capital 42444444444444444444
Reserves 1,2171,4991,6831,7601,7711,4151,7582,5403,7285,450
Minority Interest0000000000
Debt3045206878928118811,1907331,097682
Long Term Debt32256370678484681949569671498
Short Term Debt272264317214327200241163426184
Trade Payables23620514219923526124926828325
Others Liabilities 9293014086546959571,0591,1341,357336
Total Liabilities 2,7292,5682,9643,5493,5553,5584,3004,7196,5086,536

Fixed Assets

Gross Block2,1132,1671,3351,9682,0272,3592,7762,9943,3191,488
Accumulated Depreciation9591,04960181265342454565718448
Net Fixed Assets1,1551,1181,2761,7871,7622,0172,3222,4282,6011,041
CWIP 5180165131531182257721
Investments 2555757468487194064244531,3123,641
Inventories32226827532541948257570189892
Trade Receivables182153121100141143130100209140
Cash Equivalents 63395345865727230411954
Others Assets7023343284314134223957081,2921,548
Total Assets 2,7292,5682,9643,5493,5553,5584,3004,7196,5086,536

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 38083269301288455355897730-417
PBT 13923229214724-1915151,0351,6361,963
Adjustment 138771021142896587197-118-1,411
Changes in Working Capital 160-154-2554-2162-10921-455-527
Tax Paid -58-74-101-16-4-75-122-255-333-442
Cash Flow From Investing Activity -94-264-443-194-113-511-423-436-1,106-509
Capex -4-32-279-85-87-400-472-200-385-390
Net Investments -149-308-231-133-49-133-71-123-579-2,049
Others 597767252322119-113-1411,930
Cash Flow From Financing Activity -245140165-99-15845298-533290953
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00081-203214324-38762964
Interest Paid -22-22-24-59-67-38-63-64-23-59
Dividend Paid -5-5-5-5-4-5-5-4-9-22
Others -218167194-116116-12642-7825970
Net Cash Flow 41-41-9817-11230-72-8628
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.1311.3411.935.370.8-21.5729.3735.8237.5837.59
ROCE (%)11.5214.0914.497.893.19-5.4221.332.8339.4935.79
Asset Turnover Ratio1.091.141.050.880.851.010.960.971.130.41
PAT to CFO Conversion(x)4.470.521.383.1719.2N/A0.741.140.61-0.24
Working Capital Days
Receivable Days2220171415141310924
Inventory Days38363438454651534668
Payable Days34413735403542412834

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 11-Oct-2024 13:34 is ₹798.0.
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 11-Oct-2024 13:34 the market cap of Jindal Poly Films stood at ₹3,507.5.
The latest P/E ratio of Jindal Poly Films as of 11-Oct-2024 13:34 is 9.25.
The latest P/B ratio of Jindal Poly Films as of 11-Oct-2024 13:34 is 0.59.
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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.