Jainam Ferro Alloys (I) Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: JAINAM | Ferro & Silica Manganese | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Jainam Ferro Alloys

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Jainam Ferro Alloys (I) stock performance -

mw4me loader
P/E Ratio (SA):
6.09
Market Cap:
141.6 Cr.
52-wk low:
0
52-wk high:
0

Is Jainam Ferro Alloys (I) Ltd an attractive stock to invest in?

1. Is Jainam Ferro Alloys (I) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jainam Ferro Alloys (I) Ltd is a average quality company.

2. Is Jainam Ferro Alloys (I) Ltd undervalued or overvalued?

The key valuation ratios of Jainam Ferro Alloys (I) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Jainam Ferro Alloys (I) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Jainam Ferro Alloys (I) 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 Jainam Ferro Alloys:

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.
Jainam Ferro Alloys (I) 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'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.5%9.9%15.5%63.1%32.8%-
Value Creation
Index
0.1-0.30.13.51.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 132121102200255255
Sales YoY Gr.--7.7%-16.4%97.1%27.7%-
Adj EPS 3.10.93.226.322.622
YoY Gr.--70.8%258.9%714.9%-14%-
BVPS (₹) 20.920.625.859.382.582.5
Adj Net
Profit
2.90.8327.823.923
Cash Flow from Ops. 6.52.45.1-2.3-0.8-
Debt/CF from Ops. 0.82.40.6-0.4-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA28.1%27.7%
Adj EPS NANA193%-14%
BVPSNANA58.9%39.1%
Share Price - - - -7.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.74.313.964.131.926.7
Op. Profit
Mgn %
4.12.65.318.812.2NAN
Net Profit
Mgn %
2.20.7313.99.49.1
Debt to
Equity
0.30.30.100-
Working Cap
Days
0839981750
Cash Conv.
Cycle
0188-400

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.12%

Net Profit is growing at healthy rate in last 3 years 192.96%

Return on Equity has declined versus last 3 years average to 26.70%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Jainam Ferro Alloys (I) Ltd.

Standalone Consolidated
TTM EPS (₹) 22 -
TTM Sales (₹ Cr.) 255 -
BVPS (₹.) 82.5 -
Reserves (₹ Cr.) 77 -
P/BV 1.63 -
PE 6.09 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 142
Equity (₹ Cr.) 10.6
Face Value (₹) 10
Industry PE 11.7

Management X-Ray of Jainam Ferro Alloys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jainam Ferro Alloys

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales132121102200255
Operating Expenses 12611896162225
Manufacturing Costs4138364749
Material Costs817657110166
Employee Cost 11223
Other Costs 32248
Operating Profit 5353830
Operating Profit Margin (%) 4.1%2.6%5.2%18.8%11.8%
Other Income 11123
Interest 12111
Depreciation 11111
Exceptional Items 00000
Profit Before Tax 4143831
Tax 10198
Profit After Tax 3132823
PAT Margin (%) 2.2%0.7%3.1%14.0%9.1%
Adjusted EPS (₹)3.10.93.426.522.0
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1919246387
Share Capital 9991111
Reserves 1010155277
Minority Interest00000
Debt56310
Long Term Debt54310
Short Term Debt01000
Trade Payables1312202923
Others Liabilities 2262210
Total Liabilities 403953114120

Fixed Assets

Gross Block466810
Accumulated Depreciation33445
Net Fixed Assets22235
CWIP 01111
Investments 336810
Inventories1512213016
Trade Receivables576915
Cash Equivalents 8573449
Others Assets89112824
Total Assets 403953114120

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 625-2-1
PBT 4143831
Adjustment 1111-1
Changes in Working Capital 310-31-22
Tax Paid -10-1-9-9
Cash Flow From Investing Activity 1-1-1-10
Capex 000-2-2
Net Investments 10013
Others 0-1000
Cash Flow From Financing Activity -7-2-46-2
Net Proceeds from Shares 00090
Net Proceeds from Borrowing -6-1-2-2-1
Interest Paid -1-2-1-1-1
Dividend Paid 00000
Others 01-100
Net Cash Flow 0003-2
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.94.514.6964.7931.06
ROCE (%)22.1413.9622.4785.4943.23
Asset Turnover Ratio3.293.092.652.862.56
PAT to CFO Conversion(x)221.67-0.07-0.04
Working Capital Days
Receivable Days1318201215
Inventory Days4039493928
Payable Days60611058157

Jainam Ferro Alloys (I) Ltd Stock News

Jainam Ferro Alloys (I) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jainam Ferro Alloys on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Jainam Ferro Alloys stood at ₹141.6.
The latest P/E ratio of Jainam Ferro Alloys as of 01-Jan-1970 05:30 is 6.09.
The latest P/B ratio of Jainam Ferro Alloys as of 01-Jan-1970 05:30 is 1.63.
The 52-week high of Jainam Ferro Alloys is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jainam Ferro Alloys is ₹255.4 ( Cr.) .

About Jainam Ferro Alloys (I) Ltd

Jainam Ferro Alloys (I) was originally incorporated as Jainam Infraways in March 2014. The company is currently manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn). Both the alloys are largely used in Steel industry. Ferro-manganese adds strength, toughness and other properties to steel. Silico manganese provides additional silicon which is a stronger De-oxidant in manufacturing steel. The company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferro alloys.

The company started commercial production of Ferro alloys of the different grades with one furnace. In June 2017, the company started another furnace for the same manufacturing activity. The products manufactured by the company are primarily used in manufacturing of steel and in foundry activities. It is used as an alloying element which enhances some key physical properties of steel like elasticity, ultimate tensile, strength and toughness etc.

Sometimes addition of some elements in the form of alloys is done deliberately to liquid steel for developing abrasion resistance, wearresistance and corrosion resistance properties. Apart from using manganese alloys for alloying the steel, they are also widely used for deoxidizing, desulphurization & refining of steel. Phosphorus and other elements can also be controlled depending on customer specification. Smaller quantities of alloys are used as reductant in order to produce other metals. Besides their use in plain carbon steel and alloy steel plants, Ferro alloys are consumed by the foundries and electrode industries. A very specific application of refined manganese alloys is a constituent in the coating of welding electrodes. In ceramic industries, manganese alloys are used in small quantities.

Business area of the company

The company has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry.

Key Events and Milestones:

  • 2014: Incorporation of the Company in the name of “Jainam Infraways Private Limited”
  • 2016: Takeover of the ferro alloy plant of M/s Raghuvir Ferro Alloys Private Limited vide Sale deed dated June 21, 2016.
  • 2016: Started manufacturing of Ferro alloys with one furnace having 5000 KVA power load.
  • 2017: Started another furnace with 4000 KVA power load.
  • 2018: Sales turnover reached Rs. 100 crore.
  • 2018: Conversion of the company from Private Limited to Public Limited Company.
  • 2018: Change in the name of Company from Jainam Infraways to Jainam Ferro Alloys (I).
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