JMC Projects (India) Ltd Stock Analysis

BSE: 522263 | NSE: JMCPROJECT | Construction - Real Estate | Small Cap

BSE Share Price 09-Dec-2022 14:51
132.40 6.45 (5.12%)

DeciZen - Make an Informed Decision on JMC Projects (India)

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

JMC Projects (India) Price Chart

P/E Ratio (SA) :
14.84
Market Cap :
2,114.8 Cr.
52-wk low :
65
52-wk high :
133.3
Bole Toh?

1. Is JMC Projects (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JMC Projects (India) Ltd is a average quality company.

2. Is JMC Projects (India) Ltd undervalued or overvalued?

The key valuation ratios of JMC Projects (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is JMC Projects (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JMC Projects (India) 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 JMC Projects (India):

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.
JMC Projects (India) 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8%7.5%8.9%8.8%8.2%11.2%12.5%9%12.2%2.9%-
Value Creation Index -0.4-0.5-0.4-0.4-0.4-0.2-0.1-0.4-0.1-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5362,6542,4002,4012,3282,7563,2533,7133,7865,3536,323
YoY Gr. Rt. %-4.7%-9.6%0%-3%18.4%18%14.2%2%41.4%-
Adj EPS 1.31.41.81.82.75.57.33.37.2-3.98.5
YoY Gr. Rt. %-9.1%27.8%-2.7%49.7%104.5%33.6%-55.6%121.2%-154.5%-
BVPS (₹) 30.332.333.93841.1475557.860.752.455.5
Adj Net Profit 18.119.725.130.1459212354.5121-65.8143
Cash Flow from Ops. 55.412971.1108312256194359520332-
Debt/CF from Ops. 6.93.39.46.822.93.92.31.53-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.7%18.1%18.1%41.4%
Adj EPS -212.9%-207.9%-181.2%-154.5%
BVPS 6.35-1.6-13.6
Share Price 20.4% 2.7% 11.7% 31.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.24.45.45.46.812.414.45.812.1-6.915.7
Op. Profit Mgn % 55.36.48.68.89.9108.611.34.27.8
Net Profit Mgn % 0.70.71.11.31.93.33.81.53.2-1.22.3
Debt to Equity 0.911.51.20.90.90.80.90.81.10.4
Working Cap Days 142165231289345318310309322254215
Cash Conv. Cycle 211616157-102-3-936

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.70%

Sales growth is growing at healthy rate in last 3 years 18.06%

Sales growth is good in last 4 quarters at 30.54%

Net Profit has been subdued in last 3 years -181.21%

Debt to equity has increased versus last 3 years average to 1.11

Latest Financials - JMC Projects (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 8.5 6.4
TTM Sales (₹ Cr.) 6,323 6,508
BVPS (₹.) 55.5 32.9
Reserves (₹ Cr.) 898 519
P/BV 2.27 3.86
PE 14.84 19.81
From the Market
52 Week Low / High (₹) 65.00 / 133.30
All Time Low / High (₹) 1.27 / 150.00
Market Cap (₹ Cr.) 2,115
Equity (₹ Cr.) 33.6
Face Value (₹) 2
Industry PE 40.5

Management X-Ray of JMC Projects (India) :

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 JMC Projects (India)

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

JMC Projects (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JMC Projects (India) on 09-Dec-2022 14:51 is : 132.4.
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 09-Dec-2022 14:51 the market cap of JMC Projects (India) stood at ₹ 2,114.8.
The latest PE ratio of JMC Projects (India) as of 09-Dec-2022 14:51 is 14.84.
The latest PB ratio of JMC Projects (India) as of 09-Dec-2022 14:51 is 2.27
The 52-week high of JMC Projects (India) is ₹ 133.3 and the 52-week low is ₹ 65.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of JMC Projects (India) is ₹ 6,323 ( Cr.) .

About JMC Projects (India) Ltd

JMC Projects was incorporated in the year 1982 under the name of Civen Construction and later the name got changed to Joshi & Modi Construction and then finally to its present name.

JMC is one of the few construction companies certified under ISO 9001:2000 quality management system by TUV Management Services of Germany. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

JMC has to its credit many prestigious projects in the industrial, power, institutional and infrastructure sectors and is acknowledged as a reliable and professional construction company by the discerning and quality conscious market. Some of the companies for which JMC has worked on industrial projects include Bajaj Auto, Arvind Mills, Cadila Healthcare and Carrier Refrigeration.

JMC`s building construction includes the construction of residential complexes and townships, hospitals and hotels and commercial complexes. Some such projects include IIM campus, Mantri Developers and East India Hotels. The company has also worked on various civil infrastructure development projects like construction of roads, bridges and terminals. Some of the company`s infrastructure projects include work on Bandra-Worli sealink and four laning and strengthening of Ahmedabad-Mehsana Road Project.

Subsidiary Company:

JMC Mining & Quarries is a wholly-owned subsidiary of the company.

Awards & Citations:

  • 2010 -Citation received from Prestige Group for their "Prestige Cyber Tower" project at Chennai - 2010.
  • -Received Best Safety Performer award for the year 2009-10 at their 1 x 600 MW Thermal power Plant project at Mettur.
  • -JMC is awarded 8th Construction World (CW) Annual Awards - 2010, Mumbai"
  • JMC projects won the first prize for its remarkable performance in maintaining safety standard norms/awareness to work force during the construction of the RGTPP at Hisar (Haryana) from Reliance Industries in the year 2009.
  • JMC received a certificate for Best Safety Performance from its client Larsen & Toubro in the year 2008.
  • The company has won a National Highway Authority of India (NHAI) project worth Rs 10 billion to construct  a four-lane highway between Rohtak to Bawal section in Haryana.
  • In the year 2007, the company won 'Best Safety Team Award' from its client BPB India Gypsum.
  • Infosys Bangalore has awarded it for the contribution in making of Infosys City at Bangalore and for construction of a software park for Infosys Technologies at Bangalore in the year 2000.
  • It got ACCE B E Billimoria Award 2000 for excellence in construction in high rise building presented by Association of Consulting Civil Engineers (India) for JMC House at Ahmadabad, etc.
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