JCT Ltd - Stock Valuation and Financial Performance

BSE: 500223 | NSE: JCT | Textile | Small Cap

JCT Share Price

1.36 0.00 0.00%
as on 30-Sep'24 16:01

DeciZen - make an informed investing decision on JCT

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

JCT stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
118.1 Cr.
52-wk low:
1.2
52-wk high:
4.6

Is JCT Ltd an attractive stock to invest in?

1. Is JCT Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JCT Ltd is a average quality company.

2. Is JCT Ltd undervalued or overvalued?

The key valuation ratios of JCT Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is JCT Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JCT Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of JCT:

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.
JCT 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5%10.5%11.5%5.6%-0.1%6%-0.8%28.4%25.9%-20.4%-
Value Creation
Index
-0.7-0.3-0.2-0.6-1.0-0.6-1.11.00.9NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 945982873804758800693657804639557
Sales YoY Gr.-3.9%-11%-8%-5.8%5.6%-13.4%-5.2%22.3%-20.6%-
Adj EPS 0.10.2-0.1-0.4-0.7-0.3-0.60.1-0.2-1.1-1.4
YoY Gr.-15.4%-180%NANANANANA-257.1%NA-
BVPS (₹) 1.10.711.610.80.20.40.6-0.3-0.8
Adj Net
Profit
7.38.6-6.8-23.9-40.3-24.5-52.811.8-19.1-91.7-102
Cash Flow from Ops. -15352.858.674.646.357.668.8-233.118-
Debt/CF from Ops. -4.56.65.13.55.23.42.5-955.510.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.3%-3.4%-2.7%-20.6%
Adj EPS -226.3%NANANA
BVPS-187.1%-179.1%-208.9%-148.4%
Share Price -6.1% 13.6% -24.2% -54.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
78.1-6.1-23-52.6-12-15.93.6-5.5-29.5261.1
Op. Profit
Mgn %
6.56.35.84.32.64.1-0.410.23.7-6.9-13.8
Net Profit
Mgn %
0.80.9-0.8-3-5.3-3.1-7.61.8-2.4-14.3-18.3
Debt to
Equity
6.45.64.52.8438.55.33.3-7.4-
Working Cap
Days
1819310911712512113013211914646
Cash Conv.
Cycle
82486361493638253443-40

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 261.10%

Sales growth has been subdued in last 3 years -2.68%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -33.66%

Latest Financials - JCT Ltd.

Standalone Consolidated
TTM EPS (₹) -1.4 0.7
TTM Sales (₹ Cr.) 557 726
BVPS (₹.) -0.8 0
Reserves (₹ Cr.) -284 -15
P/BV -1.77 0.00
PE 0.00 2.11
From the Market
52 Week Low / High (₹) 1.24 / 4.57
All Time Low / High (₹) 0.46 / 210.00
Market Cap (₹ Cr.) 118
Equity (₹ Cr.) 217.1
Face Value (₹) 3
Industry PE 29.5

Management X-Ray of JCT:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.8599.8599.8599.8599.8599.8699.8699.8699.8699.86
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of JCT

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales472982873804758800693657804639
Operating Expenses 442920823770738768696590774683
Manufacturing Costs128277248198199231218187235226
Material Costs220447360385374380327287398330
Employee Cost 55121134130120113109829791
Other Costs 38748057454342354536
Operating Profit 316250342032-36730-44
Operating Profit Margin (%) 6.5%6.3%5.8%4.3%2.6%4.1%-0.4%10.2%3.7%-6.9%
Other Income 6825171071684514
Interest 17343937364043465144
Depreciation 17283031302315151312
Exceptional Items 0000000000
Profit Before Tax 395-17-36-23-451510-85
Tax -1000000000
Profit After Tax 495-17-36-23-451510-85
PAT Margin (%) 0.8%0.9%0.6%-2.1%-4.8%-2.9%-6.4%2.2%1.2%-13.4%
Adjusted EPS (₹)0.10.20.1-0.3-0.6-0.3-0.50.20.1-1.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1021101149460346317333352270
Share Capital 163163156150150210210210217217
Reserves -61-53-42-56-9013710812313553
Minority Interest0000000000
Debt224196225161139192157159139118
Long Term Debt17312113572429688695429
Short Term Debt52758989989669908590
Trade Payables12611786106131139126132139132
Others Liabilities 250281245264271186247221230287
Total Liabilities 703704670625601863847845860808

Fixed Assets

Gross Block1,0311,0461,054379383668681661657640
Accumulated Depreciation63365968631618388798879
Net Fixed Assets398387368348322584593582569561
CWIP 4213332112
Investments 373752222222
Inventories136148163163165176159154165150
Trade Receivables67818067534524526033
Cash Equivalents 71415131092211129
Others Assets54353729474445445251
Total Assets 703704670625601863847845860808

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -77535975465869-23318
PBT 3106-17-36-23-451510-85
Adjustment 31606254586044562646
Changes in Working Capital -112-17-938242170-73-258
Tax Paid 21000100-1-1
Cash Flow From Investing Activity 1-1330-14-391398
Capex -3-15-4-32-480395
Net Investments 1032-110-1-1-12
Others 2222222111
Cash Flow From Financing Activity 68-33-89-77-53-56-65-11-73-26
Net Proceeds from Shares 290000600000
Net Proceeds from Borrowing -13-21-620000000
Interest Paid -16-34-40-38-35-40-40-29-54-36
Dividend Paid 0000000000
Others 692213-39-18-76-2518-199
Net Cash Flow -77-1-3-2-113-12-1-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)025.5711.39-22.94-47.02-37.2-103.2951.9220.97-591.5
ROCE (%)4.9710.5111.55.59-0.125.96-0.8128.3525.89-20.39
Asset Turnover Ratio0.71.451.331.31.251.090.810.780.940.77
PAT to CFO Conversion(x)-19.255.8911.8N/AN/AN/AN/A-0.133.3N/A
Working Capital Days
Receivable Days46263232292218212526
Inventory Days94516271787888877290
Payable Days117617285116129148164125150

JCT Ltd Stock News

JCT Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JCT on 30-Sep-2024 16:01 is ₹1.36.
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 30-Sep-2024 16:01 the market cap of JCT stood at ₹118.1.
The latest P/E ratio of JCT as of 30-Sep-2024 16:01 is 0.00.
The latest P/B ratio of JCT as of 30-Sep-2024 16:01 is -1.77.
The 52-week high of JCT is ₹4.57 and the 52-week low is ₹1.24.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JCT is ₹556.5 ( Cr.) .

About JCT Ltd

JCT, one of the leading manufacturers of textiles and filament yarn, is the flagship company of Thapar Group. With operations in two distinct businesses -- cotton, synthetic & blended textiles and nylon filament yarn -- JCT is a market driven company fuelled by good work ethic, values and a high standard of performance. It is this culture that has helped establish the company’s reputation as one of the finest in the country.

JCT was the first textile manufacturer in the country to introduce eco-friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9002 certification in 1996. Over five decades, since it commenced production in 1946, the textile unit of JCT has grown into one of the largest textile manufacturers in India. With an integrated textile facility in Phagwara (Punjab), a daily production capacity of 63 million meters per annum, and a product range consisting of some of the finest cotton and blended fabrics, this division has made a mark both the domestic and international markets. And this has been driven by the desire to excel in every sphere of its operations -- spinning, weaving and processing, as well as stringent quality control at each stage of production.

The company’s other operations include Filament Yarn, JCT was also the first to set up a Colour Picture Tube plant in India (manufactured by JCT Electronics in technical collaboration with Hitachi, Japan). Its Filament Plant is one of the largest in India with a capacity of 14000 MT per annum.

JCT follows a balanced model for growth -- corporate responsibility and contribution towards social causes such as literacy and environment, sports and sportspersons development areas important as innovations in production techniques.

JCT setup its Filament Yarn division in 1980 in technical collaboration with Zimmer AG of West Germany. The modern high tech plant started commercial production in 1989.

Products:

1. Material such as 100% Cotton, 100% Polyester, 100% Nylon

2. Various blends like Cotton/Polyester, Cotton/Nylon and Polyester/Viscose, Single and Plied Yarns (both with counts ranging from 6s to 100s) as well as Cotton Lycra and P/C Lycra Stretch material

3. Organic Cotton

4. End products such as fashion wear, sportswear, outerwear, active wear for Defence purposes and school uniforms

5. Weaves - Variety of weaves like Twills, Plains, Dobbies, Ripstops, Cords, Satins, Oxfords, Ducks, Drills, Tussores, Ottomans etc. 

6. Flat Yarn on COP - It is produced on Draw Twisting (DT) machine with metallic cops package and widely used by weavers and knitters for women wear, scarf and base fabric.      7. Textured/Crimp Yarn - It is produced on texturising/Crimping machine. Its high bulk makes it particularly suitable for hosiery and elastic tape applications.

8. POY - Partially Oriented Yarn (POY) is used for air-texturising /Draw Texturising applications.

9. FOY - Fully Oriented Yarn (FOY), a recent development, is a cost effective product on paper tube and is used for Twisting & Weaving.

10. FDY - Fully Drawn Yarn (FDY) is characterized by large paper tube packages and heat set yarn.   

11. Dyed Yarns - Dyed yarn is available in two varieties -- Hank Dyed and Dope Dyed. Hank dyed yarn is produced by using conventional procedures and is available in many shades. Dope dyed yarn is produced by using Coloured Master Batch Chips and it is characterized by colour fastness.

12. Nylon 6 Chips - Nylon 6 chips of high viscosity in the range of 2.6 to 3.2 R.V. are available which are used in Engineering Plastics. 

Divisions:

1. Textile division 2. Filament Yarn division 3. Performance fabrics 4. Retail 5. Exports 6. Sports

Awards and achievement:

• JCT is certified with ISO 9001

• It has got certification of Oeko-Tex 100 Class 2

• It has also got GOTS/Skal Certificate for fabrics of this nature, namely Wide Width Sheeting, Dyed Bottom-Weight Twills, Dyed Shirting Twills, Natural Twills, Canvas and Flannels.

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