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Jindal Photo Ltd Stock Analysis

Small Cap
Evaluated by 153 users | BSE: 532624 | NSE: JINDALPHOT |
Photographic Products
Jindal Photo, company of 'BC Jindal Group', was incorporated in the year 1986.  Jindal Photo has a technical and marketing tie-up with Fuji Photo Films Co., Japan – a FORTUNE 500 company and the second largest photographic products manufacturer in the world. It also has a...

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 7.41%6.11%2.29%-3.36%-0.08%-0.46%-0-30.83%-1.67%-0.43%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 40040347035400000.10.1
Y-o-Y Gr. Rt.-0.9%16.5%-24.7%-100%NANANANA42.9%
Adjusted EPS (Rs.) 16.3914.863.44-14.84-0.23-1.53-0.4-49.92-4-3.29
Y-o-Y Gr. Rt.--9.3%-76.9%-531.4%NANANANANANA
Book Value per Share (Rs.) 229.33242.89246.1247.08182.09180.56180.5213.8727.7822.53
Adjusted Net Profit 16.815.23.5-15.2-0.2-1.6-0.4-51.2-4.1-3.4
Net Op. Cash Flow (Rs. Cr.) 45.9-89.16.53.7-53.1-7.60.2-1.4-3.1
Debt to Cash Flow from Ops 0-7.499.066.871.97-0.4100-35.01-17.1
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.
Jindal Photo Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -60.2%NANA42.9%
Adjusted EPS -183.7%NANANA
Book Value per Share -22.7-34.2-50-18.9
Share Price -14.3% -22.3% -16.3% 178.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.426.291.41-5.5-0.09-0.67-0.17-30.83-7.53-13.07
Operating Profit Margin (%) 6.096.642.65-4.20000-771.66-370.58
Net Profit Margin (%) 4.213.780.75-4.30000-5595.55-3446.16
Debt to Equity 00.240.330.150.030.09001.72.28
Working Capital Days 94988912400002,85,3232,14,083
Cash Conversion Cycle 52443731000000
Entity Percentage Holding
Promoters 72.72%
Institutions 0.02%
Non-Institutions 27.26%
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.

The 5-year analysis of Jindal Photo Ltd's performance infers:

Jindal Photo Ltd earnings have grown by 0%, whereas share price has depreciated -22.3% 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 Jindal Photo Ltd share prices over the last 10 years. Here is what we found out:

Jindal Photo Ltd share price has depreciated -13.1% annually over the past ten years.

Jindal Photo, company of 'BC Jindal Group', was incorporated in the year 1986.  Jindal Photo has a technical and marketing tie-up with Fuji Photo Films Co., Japan – a FORTUNE 500 company and the second largest photographic products manufacturer in the world. It also has a technical tie-up with Fuji Hunt Photographic Chemicals Pte Ltd., Singapore (a subsidiary of Fuji, Japan) to manufacture photo chemicals. Jindal Photo is India’s one of the largest manufacturers of

Jindal Photo, company of 'BC Jindal Group', was incorporated in the year 1986.  Jindal Photo has a technical and marketing tie-up with Fuji Photo Films Co., Japan – a FORTUNE 500 company and the second largest photographic products manufacturer in the world. It also has a technical tie-up with Fuji Hunt Photographic Chemicals Pte Ltd., Singapore (a subsidiary of Fuji, Japan) to manufacture photo chemicals. Jindal Photo is India’s one of the largest manufacturers of photographic and allied products. The products range includes color roll films, cameras, photographic color paper, medical X-ray films and equipments, cine color positive film, photo processing equipments and photographic chemicals, etc. The company has over 38% market share in the color paper and 44% market share in color roll films. The other products such as X-ray films, cine color positive films, etc. have market share of about 40%.

Jindal Photo markets the products under the reputed brand name 'FUJIFILM'. The company has a very strong marketing network throughout the country, knitted through branches, distributors and dealers. The company has also sold photo-finishing labs throughout the country as a part of its business strategy to capture the market of color roll films and color paper. The setting up of ‘Fuji Image Service’ (FIS), a specialized outlet to sell Fuji products, is an endeavor to boost the sale of its products.  Presently, there are over 800 such outlets throughout the country. To integrate the technology change in the photography processing, Jindal Photo has also set up over 470 Fuji Digital Imaging (FDi) facilities as an extension of the Fuji imaging services (FIS) already available throughout the country. Fujifilm is a world leader in the digital photographic technology. Jindal Photo is also marketing the Fuji digital range of products after importing the same from Japan. The digital product range being marketed in India includes digital ID systems, digital cameras, digitized photographic processing equipments, etc.

The company achieved an annual turnover of over Rs 412 crore during 2006-07. This manifold growth of Jindal Photo has been made possible due to its unflinching philosophy of providing customers with high-class quality and latest technology supported by a marketing network of branches, distributors and dealers. Ever since its inception, the company has stressed upon continuous improvement in the quality of its products. The company started manufacturing color paper in the year 1987 followed by color film in 1988.  With the beginning of liberalization era in 1991, Jindal Photo expanded into the manufacture of medical and industrial x-ray films and cine color positive processed from bulk jumbo rolls imported from Fujifilm, Japan.

The company has its manufacturing plants located at Dadra and Jammu.  An ISO 9002 company, the manufacturing facilities of Jindal Photo are model establishments with state-of-the-art machinery where highly sophisticated materials are processed in a light-sensitive and dust-free environment. This ensures that the same world class Fujifilm quality is available to customers in India also.

In 2012 Jindal Photo entered into an Agreement with Kodak (Singapore) Pte. Limited.

Products:

1. Fujifilm Supersix

2. Color roll film   

• Amateur films 

• Professional roll films

3. Cameras  

• Pentax digital cameras

4. Photo-processing equipment

5. Photographic chemicals

6. Photographic color paper

7. Medical systems  

• X-ray films 

• Medical equipment

8. Cine color positive films

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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