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JMC Projects (India) Ltd. Stock Analysis

Small Cap
Evaluated by 465 users | BSE: 522263 | NSE: JMCPROJECT |
Construction - Real Estate
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...

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.
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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.88%14.07%7.99%7.45%8.85%8.75%8.2%11.23%12.54%8.95%
Value Creation Index 0.230.34-0.24-0.29-0.16-0.17-0.220.070.19NA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,3802,0702,5362,6542,4002,4012,3282,7563,2533,713
Y-o-Y Gr. Rt.-50%22.5%4.7%-9.6%0%-3%18.4%18%14.2%
Adjusted EPS (Rs.) 2.913.821.321.441.841.792.685.487.323.2
Y-o-Y Gr. Rt.-31.3%-65.5%9.1%27.8%-2.7%49.7%104.5%33.6%-56.3%
Book Value per Share (Rs.) 25.4229.4430.2632.3233.937.9941.0846.9954.9957.77
Adjusted Net Profit 39.752.118.119.725.130.1459212353.7
Net Op. Cash Flow (Rs. Cr.) 67.359.555.412971.1108312256194359
Debt to Cash Flow from Ops 2.784.856.943.329.416.792.042.883.892.34
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.
JMC Projects (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.6%9.1%16.8%14.2%
Adjusted EPS 1.1%11.7%6.1%-56.3%
Book Value per Share 9.611.3125.1
Share Price 7.9% 2.1% -16.2% -55%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.6513.044.24.45.395.46.7712.4414.365.67
Operating Profit Margin (%) 8.777.464.965.286.398.558.759.8610.018.53
Net Profit Margin (%) 2.882.520.710.741.051.251.933.343.781.45
Debt to Equity 0.540.720.930.971.451.150.920.930.820.86
Working Capital Days 203158142165231289345318310309
Cash Conversion Cycle 8843211616157-102
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 67.75%
Institutions 17.31%
Non-Institutions 14.94%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of JMC Projects (India) Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that JMC Projects (India) Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of JMC Projects (India) Ltd.'s performance infers:

JMC Projects (India) Ltd. earnings have grown by 11.7%, whereas share price has appreciated 2.1% 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 JMC Projects (India) Ltd. share prices over the last 10 years. Here is what we found out:

JMC Projects (India) Ltd. share price has appreciated 2.6% annually over the past ten years.

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

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

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