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Jolly Board Ltd. Stock Analysis

Small Cap
Evaluated by 154 users | BSE: 502335 | NSE: |
Wood & Wood Products
Nearly forty-five years ago, Anil Hardboards Ltd. was founded in a sleepy satellite village called Kanjur on the outskirts of bustling Mumbai. It was a pioneering organisation, the first to manufacture fibreboards in India. Inaugurated in 1958, by the late Prime Minister of India, Lal Bahadur...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 17.03%5.85%5.58%7.08%10.54%11.68%20.29%14.12%11.79%9.87%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 60.868.180.782.581.8878091.374.863.3
Y-o-Y Gr. Rt.-12%18.5%2.2%-0.8%6.3%-8.1%14.2%-18.1%-15.4%
Adjusted EPS (Rs.) 46.9316.3616.6321.3833.51400.37780.04601.59540.7485.71
Y-o-Y Gr. Rt.--65.1%1.7%28.6%56.7%1094.8%94.8%-22.9%-10.1%-10.2%
Book Value per Share (Rs.) 282.27287.67313.89318.76321.293,497.774,074.634,522.774,776.235,094
Adjusted Net Profit 21.37.47.69.715.218.235.527.424.622.1
Net Op. Cash Flow (Rs. Cr.) -3.46.98.41.8-16.95.9-4.4-16.5-6.2-10.2
Debt to Cash Flow from Ops -1.210.61.617.28-1.671.86-0.82000
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.
Jolly Board Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.5%-5%-7.5%-15.4%
Adjusted EPS 29.7%70.7%-14.6%-10.2%
Book Value per Share 37.973.87.76.7
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 17.45.645.436.710.4611.9220.5813.9811.629.84
Operating Profit Margin (%) 13.3710.713.6918.315.4313.715.574.22.43-8.19
Net Profit Margin (%) 35.1110.939.3811.7918.6220.9344.3529.9532.8734.9
Debt to Equity 0.030.030.090.090.190.070.02000
Working Capital Days 422334151159165150254313381422
Cash Conversion Cycle 41353036353844374959
Entity Percentage Holding
Promoters 95.97%
Institutions 0.07%
Non-Institutions 3.96%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Nearly forty-five years ago, Anil Hardboards Ltd. was founded in a sleepy satellite village called Kanjur on the outskirts of bustling Mumbai. It was a pioneering organisation, the first to manufacture fibreboards in India. Inaugurated in 1958, by the late Prime Minister of India, Lal Bahadur Shastri, this plant, the brainchild of our Founder G R Jolly, still has the distinction of being the most modern and fully automated plant in Asia. In 1985, to identify with their widely popular,

Nearly forty-five years ago, Anil Hardboards Ltd. was founded in a sleepy satellite village called Kanjur on the outskirts of bustling Mumbai. It was a pioneering organisation, the first to manufacture fibreboards in India. Inaugurated in 1958, by the late Prime Minister of India, Lal Bahadur Shastri, this plant, the brainchild of our Founder G R Jolly, still has the distinction of being the most modern and fully automated plant in Asia. In 1985, to identify with their widely popular, product brand names, the company changed its name from Anil Hardboards Ltd. to Jolly Board Ltd.

Jolly Board manufactures softboard and bitumen impregnated softboard at two manufacturing sites based in Western India at Aurangabad and Sangli.The company has four mills for the production of Softboard, Bitumen Impregnated Softboard and mineral wool board. These four units produce 100,000 cubic meters of Soft Board annually.

The company is committted to customer satisfaction and product development. The boards manufactured by Jolly Board are comparable to the best in the world. An extensive dealer network is the company's forte, and is in no small measure responsible for our expanding sales.

Jolly Board's manufacturing plants use either bagasse, bagasse pith, or natural gas fired boilers. This ensures that their chimneys do not release any toxic emissions.The company’s high quality products are processed mostly from agro waste thus, conserving valuable natural resources. These agro waste products have been declared environment friendly by the Government of India and enjoy full excise exemptions.

The company's contribution to Mumbai, the concrete jungle, is a beautiful stretch of nearly 100 trees along the promenade at Haji Ali and another at the G  R Jolly Marg at Kanjur Marg.

The company produces a wide range of hardboards and softboards that strive to meet India's industrial and domestic requirements. The company exports 50% of it's softboard production.

The comprehensive product range manufactured includes hardboards and softboards in various thickness and multiple surface textures. Value added products manufactured include, perforate boards, prepainted boards, clipboards, blackboards, pin-boards, etc. The company also offers exclusive products like non-combustible and acoustical ceiling tiles and a false ceiling suspension framework for complete ceiling installation.

Jolly Board products are used by quality conscious builders, architects and direct consumers. The boards are used everywhere...in homes and offices, in stores and schools, in automobiles and trains, for packaging and interlining etc.

Jolly Board's manufacturing plants use either bagasse, bagasse pith, or natural gas fired boilers. This ensures that its chimneys do not release any toxic emissions.

Products range of the company includes:

  • Hardboards
  • Softboards

Value Added Products :-Perforate Boards, Prepainted Boards, Clipboards, Blackboards, Pin-Boards, Non-Combustible Tiles, Acoustical Ceiling Tiles, False Ceiling, Suspension Framework

Achievements/ recognition :

  • In recognition of the company's efforts, the ministry of commerce, Government of India has bestowed  the privileged Green Card (IEC No. 0388113740) on the company.
  • Also it has also received the Special Export Award from CAPEXIL, year after year.
  • The `I Love Mumbai' committee lauded their efforts of nurturing 100 trees at Haji Ali, which were illuminated for the millenium celebrations, with a prestigious award.
  • ISO 9001:2000 certifications achieved.
  • Jolly Board is India's largest fibreboard manufacturer.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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