JMC Projects (India) Ltd Stock Analysis

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

BSE Share Price 29-Sep-2022 18:01
91.85 2.35 (2.63%)

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) :
0.00
Market Cap :
1,502.8 Cr.
52-wk low :
65
52-wk high :
119.9
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 2,5362,6542,4002,4012,3282,7563,2533,7133,7865,3535,849
YoY Gr. Rt. %-4.7%-9.6%0%-3%18.4%18%14.2%2%41.4%-
Adj EPS 1.31.41.81.82.75.57.33.37.2-3.9-7.3
YoY Gr. Rt. %-9.1%27.8%-2.7%49.7%104.5%33.6%-55.6%121.2%-154.5%-
BVPS (₹) 30.332.333.93841.1475557.860.752.455.4
Adj Net Profit 18.119.725.130.1459212354.5121-65.8-122
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 15.9% 3.9% -8% -8.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.24.45.45.46.812.414.45.812.1-6.9-13.5
Op. Profit Mgn % 55.36.48.68.89.9108.611.34.24.3
Net Profit Mgn % 0.70.71.11.31.93.33.81.53.2-1.2-2.1
Debt to Equity 0.911.51.20.90.90.80.90.81.1-
Working Cap Days 1421652312893453183103093222540
Cash Conv. Cycle 211616157-102-3-90

Recent Performance Summary

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

Sales growth is good in last 4 quarters at 37.63%

Return on Equity is Poor

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 (₹) -7.3 3.6
TTM Sales (₹ Cr.) 5,849 6,030
BVPS (₹.) 55.4 33.2
Reserves (₹ Cr.) 897 525
P/BV 1.61 2.70
PE 0.00 25.30
From the Market
52 Week Low / High (₹) 65.00 / 119.85
All Time Low / High (₹) 1.27 / 150.00
Market Cap (₹ Cr.) 1,503
Equity (₹ Cr.) 33.6
Face Value (₹) 2
Industry PE 39.4

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

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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