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BSE: 514034 | NSE: JBFIND | Textile - Manmade Fibres | Small Cap
1. Is JBF Industries Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that JBF Industries Ltd is a below average quality company.
2. Is JBF Industries Ltd undervalued or overvalued?
The key valuation ratios of JBF Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is JBF Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JBF Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.7% | 9.4% | 10.3% | 8% | 6% | 2.8% | -17.6% | -5.3% | -0.8% | -47.9% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.3 | -0.4 | -0.6 | -0.8 | -2.3 | -1.4 | -1.1 | NA | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 4,504 | 4,785 | 4,127 | 3,618 | 3,913 | 3,501 | 2,958 | 2,813 | 2,205 | 3,272 | 3,054 | ||
| YoY Gr. Rt. % | - | 6.2% | -13.8% | -12.3% | 8.2% | -10.5% | -15.5% | -4.9% | -21.6% | 48.4% | - | ||
| Adj EPS ⓘ | 20.5 | 18.5 | 22.7 | 9.4 | 3.4 | -14.5 | -92.7 | -39.4 | -23.6 | -143 | -332.6 | ||
| YoY Gr. Rt. % | - | -9.4% | 22.6% | -58.5% | -63.6% | -522.2% | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 131.2 | 150 | 166 | 190.4 | 194.4 | 179.1 | 86 | 47.2 | 23.5 | -119.5 | -312.2 | ||
| Adj Net Profit ⓘ | 149 | 121 | 149 | 77.2 | 28.1 | -119 | -759 | -323 | -194 | -1,171 | -2,723 | ||
| Cash Flow from Ops. ⓘ | 359 | 384 | 287 | 125 | 471 | -418 | 224 | -196 | 103 | 186 | - | ||
| Debt/CF from Ops. ⓘ | 4.6 | 3.7 | 6 | 14 | 3.5 | -5.5 | 9.5 | -12.4 | 24.2 | 13.1 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -3.5% | -3.5% | 3.4% | 48.4% | ||||||||
| Adj EPS ⓘ | -224.1% | -310.9% | NA | NA | ||||||||
| BVPS ⓘ | -199 | -190.7 | -211.6 | -608.1 | ||||||||
| Share Price | -23.6% | -47.2% | 7% | -55.4% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 14.4 | 11.7 | 14.2 | 5.8 | 1.8 | -7.8 | -69.9 | -59.2 | -66.9 | 298 | 154.1 | |
| Op. Profit Mgn % ⓘ | 9.2 | 8.5 | 10.4 | 10.3 | 6.6 | 3.5 | 2.8 | 2.2 | 6.1 | 6.6 | 5.9 | |
| Net Profit Mgn % ⓘ | 3.3 | 2.5 | 3.6 | 2.1 | 0.7 | -3.4 | -25.7 | -11.5 | -8.8 | -35.8 | -89.2 | |
| Debt to Equity ⓘ | 1.5 | 1.4 | 1.6 | 1.1 | 1 | 1.6 | 3 | 6.3 | 13 | -2.5 | - | |
| Working Cap Days ⓘ | 113 | 95 | 106 | 151 | 187 | 258 | 283 | 247 | 315 | 157 | 0 | |
| Cash Conv. Cycle ⓘ | 24 | 23 | 33 | 57 | 38 | 49 | 63 | 43 | 79 | 57 | 0 | |
Return on Equity has increased versus last 3 years average to 154.10%
Sales growth is good in last 4 quarters at 22.49%
Sales growth has been subdued in last 3 years 3.42%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -332.6 | -41.6 |
| TTM Sales (₹ Cr.) | 3,054 | 8,985 |
| BVPS (₹.) ⓘ | -312.2 | 0 |
| Reserves (₹ Cr.) ⓘ | -2,638 | 1,982 |
| P/BV ⓘ | -0.03 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 7.83 / 24.05 |
| All Time Low / High (₹) | 2.00 / 326.00 |
| Market Cap (₹ Cr.) | 72.8 |
| Equity (₹ Cr.) | 81.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 7.2 |
| Pledged * | 93.22 | 93.22 | 93.02 | 93.02 | 90.96 | 90.96 | 90.96 | 90.96 | 90.96 | 90.96 |
JBF Industries conceived as a private limited company in 1982, attained the corporate status by becoming public limited company in the year 1986. The company's growth can be imagined by the fact that its turnover has increased by about 250 times since it became public limited.
JBF is a manufacturer of polyester texturised and twised yarn. With a Partially Oriented Polyester Yarn manufacturing plant starting from PTA, DMT & MEG, today the company is one of the leading names in Polyester business in India.
JBF Industries stands on a gleaming pinnacle of success as an industry leader in Polyester Chips & as one of the top 5 players in the polyester Partially Oriented Yarns (POY) in India.
It was not only the corporate status and turnover, which changed but also the company's product profile engorged with the vibrant polyester industry in India.
Starting its operations as a consumer of POY for texturising yarns to become a leading supplier of POY in India and thereby further backward integrated projects in manufacturing of Polyester Chips, made JBF a dominant force in India.
Despite company's focus on Indian market, it never lost the opportunity to cater to the growing polyester markets globally and made its due presence in global polyester markets. These efforts were duly recognized by the govt of India by awarding company with export house status.
JBF's commitment to the quality and customer is driven by ISO 9001 system of quality standards. JBF has also been accredited with ISO 14001 certificate for environmental management.
Product Range of the company include:
New Plant in Emirates
JBF industries has setup a polyster PET resin Packaging chips plant in association with Ras Al Khaimah Investment Authority in the emirate of Ras AI Khaimah. The cost of the plant is around $210 million.
The plant has a production capacity of 400,000 MT PET grade chips p.a. and 72,000 MT of polyester film p.a. The unit which is also the first Indian unit in the Emirates caters to the US, European Union and GCC countries.
The company chose the region because of the abundance of raw materials and cheap energy. Even though the plant and machinery for the unit will be imported from Europe, US and China.
Plant At Sarigram
JBF has started production at a new state-of-the-art PET facility in India in October 2008. Production facility is located at Sarigam - Gujarat , a western part of India. PET production facility comprises CP and SSP technology with annual productivity of 150KTA. CP technology has a capability of simultaneously producing textile grade and bottle grade amorphous chips. SSP is carried out in two units each having capacity of 250MT / day.
In 2007 JBF Industries Limited had approved the take over of assets of Microsynth Fabrics (India) Ltd. Microsynth Fabrics (India) Ltd is a producer of Polyester POY located at Silvassa, Union Territory of Dadra & Nagar Haveli. The facilities of Microsynth are designed to produce Specialized Yarns such as micro deniers and colored yarn, with technology from NOY – Vallesina, Italy.
Microsynth Fabrics (India) Ltd., has a strong presence in specialty POY production. With this take over, JBF Industries Limited will enhance its share in the Specialty POY market in India and abroad and at the same time it will create avenue for major captive consumption for Specialty Polyester Chips being produced at JBF Industries Limited. The complimentary nature of products of both companies will enhance values within the group as a whole.
Subsidiary
JBF RAK FZ LLC, a subsidiary of the company, has successfully started production of PET grade chips under 1st phase. The company has polymerization capacity of 900 TPD.
Milestones and Awards2008-14
Backward integration by setting up a PTA plant.
Setting up greenfield capacities in Belgium for PET Chips, in Baharain for BOPET Film, in Brazil for Green MEG.
2012 The Company enters into a partnership with The Coca Cola Company to set up production facility for Bio-Glycol (MEG) in Brazil.
The company is ISO 9001:2000 and ISO 14001 Certified Company.
