Jagatjit Inds.

₹192 3.2 | 1.7%

WEBSITE BSE:507155 NSE : JAGATJIT IND 18 May, 12:50

Market Cap ₹898 Cr.

Stock P/E 117.4

P/B 11.8

Current Price ₹192

Book Value ₹ 16.3

Face Value 10

52W High ₹256

Dividend Yield 0%

52W Low ₹ 95.1

Edit Ratio

Jagatjit Inds. Research see more...

Overview Inc. Year: 1944Industry: Breweries & Distilleries

Jagatjit Industries Ltd is engaged in manufacturing alcoholic beverages, including Indian made foreign liquor (IMFL) and country liquor; malted milkfood, and dairy products. The Company's segments include Food, Beverages, and Others. Its beverages segment is engaged in manufacturing and deliver of Bottled IMFL, Country Liquor, Industrial Alcohol, and licensing use of its IMFL brands. Its food segment is engaged in manufacturing and supply of food merchandise, and providing services for manufacture of meals merchandise. Its other phase consists of sale of petroleum merchandise and Khad. The Company manufactures glass bottles and jars of diverse sizes for liquor, soft drinks, food products and pharmaceuticals. The Company's manufacturers encompass ARISTOCRAT, ARISTOCRAT PREMIUM, AC BLACK, BONNIE SPECIAL, BINNIES, AC SEKC, Royal Pride, KING HENRY VIII Scotch Whisky and IICE Vodka. Its production units are placed at Punjab, Uttar Pradesh, Kerala, Orissa and Sikkim.

Jagatjit Inds. Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Jagatjit Inds. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	129	128	118	167	147	150	174	179	193	162
Other Income	6	19	9	8	8	16	7	8	5	6
Total Income	135	148	127	175	155	167	181	187	198	168
Total Expenditure	129	130	122	165	140	150	169	176	188	157
Operating Profit	6	18	5	10	15	17	12	11	10	11
Interest	7	7	7	7	8	8	7	6	7	6
Depreciation	2	3	3	3	3	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-4	8	-4	0	4	7	3	2	1	2
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-4	8	-4	0	4	7	3	2	1	2
Adjustments	-0	-0	-0	1	-0	-0	-0	-0	-0	-0
Profit After Adjustments	-4	8	-4	1	4	6	3	2	1	2
Adjusted Earnings Per Share	-0.8	1.8	-1	0.2	0.9	1.4	0.6	0.5	0.1	0.4

Jagatjit Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	993	936	831	688	485	364	224	221	398	445	506	708
Other Income	7	4	8	7	35	33	55	49	30	52	42	26
Total Income	1000	939	839	695	520	397	279	270	428	498	548	734
Total Expenditure	966	935	851	709	572	408	267	288	386	458	500	690
Operating Profit	34	4	-11	-14	-52	-10	12	-19	41	40	47	44
Interest	23	29	32	41	49	55	73	42	30	29	31	26
Depreciation	18	18	12	13	13	12	10	10	9	10	10	8
Exceptional Income / Expenses	13	0	0	0	0	0	4	28	0	0	0	0
Profit Before Tax	7	-43	-55	-67	-114	-78	-67	-42	2	1	7	8
Provision for Tax	2	3	-12	-2	0	-4	-1	7	0	0	0	0
Profit After Tax	5	-45	-43	-66	-114	-74	-66	-49	2	1	7	8
Adjustments	-0	-0	-0	-0	-1	-0	0	5	3	-0	0	0
Profit After Adjustments	5	-45	-43	-66	-116	-75	-66	-45	5	0	7	8
Adjusted Earnings Per Share	1.1	-9.8	-9.3	-14.2	-25.1	-16.2	-14.3	-9.7	1.1	0.1	1.5	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	32%	7%	-7%
Operating Profit CAGR	18%	0%	0%	3%
PAT CAGR	600%	0%	0%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	98%	68%	38%	16%
ROE Average	12%	6%	-21%	-28%
ROCE Average	13%	12%	8%	1%

Jagatjit Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	369	321	271	202	238	162	92	45	51	52	65
Minority's Interest	0	0	0	0	-0	-0	-0	-0	-0	-0	-0
Borrowings	107	107	115	150	221	239	217	200	212	208	196
Other Non-Current Liabilities	47	51	48	29	40	34	66	61	81	88	65
Total Current Liabilities	325	318	386	368	282	333	273	206	155	150	176
Total Liabilities	848	797	821	749	781	769	648	512	498	499	502
Fixed Assets	354	334	309	299	436	425	393	373	373	370	363
Other Non-Current Assets	63	68	66	64	75	86	84	45	47	47	41
Total Current Assets	431	395	445	385	270	257	171	93	78	82	98
Total Assets	848	797	821	749	781	769	648	512	498	499	502

Jagatjit Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	55	21	11	9	11	6	12	10	11	6	2
Cash Flow from Operating Activities	-24	12	6	19	10	8	51	16	25	14	12
Cash Flow from Investing Activities	-29	-5	-23	2	30	20	65	33	-5	10	20
Cash Flow from Financing Activities	20	-17	15	-19	-43	-22	-118	-48	-26	-28	-24
Net Cash Inflow / Outflow	-34	-11	-1	1	-3	6	-2	1	-5	-4	9
Closing Cash & Cash Equivalent	22	11	9	11	8	12	10	11	6	2	11

Jagatjit Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.07	-9.83	-9.33	-14.25	-25.09	-16.16	-14.29	-9.66	1.06	0.1	1.54
CEPS(Rs)	4.9	-5.81	-6.64	-11.47	-22.01	-13.43	-12.02	-8.6	2.47	2.32	3.62
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	53.3	43.5	33.22	18.96	51.57	35.15	20.03	9.76	10.99	11.15	13.32
Core EBITDA Margin(%)	1.91	0.06	-1.54	-1.83	-10.69	-8.17	-17.14	-29.94	2.68	-2.86	0.95
EBIT Margin(%)	2.07	-1.03	-1.9	-2.29	-7.99	-4.22	2.1	0.04	7.7	6.56	6.4
Pre Tax Margin(%)	0.47	-3.12	-4.46	-5.84	-14.02	-14.53	-27	-18.64	0.5	0.18	1.16
PAT Margin (%)	0.36	-3.31	-3.47	-5.71	-14.05	-13.87	-26.43	-21.91	0.5	0.17	1.16
Cash Profit Margin (%)	1.57	-1.96	-2.47	-4.61	-12.49	-11.6	-22.24	-17.62	2.71	2.37	2.88
ROA(%)	0.62	-5.51	-5.33	-8.37	-14.94	-9.56	-9.31	-8.51	0.42	0.15	1.35
ROE(%)	2.11	-20.28	-24.33	-54.53	-70.22	-37.02	-51.78	-71.8	4.43	1.49	11.91
ROCE(%)	6.92	-3.21	-5.62	-6.63	-14.43	-4.44	1.21	0.03	12.4	11.06	13.39
Receivable days	53.32	58.91	66.75	67.21	73.76	94.06	146.56	76.48	21.22	21.15	17.88
Inventory Days	35.97	34.38	33.97	34.51	40.99	46.24	69.89	65.86	33.45	29.32	25.61
Payable days	102.21	96.89	119.95	144.87	303.78	404.28	499.15	275.97	115.16	82.82	65.26
PER(x)	44.75	0	0	0	0	0	0	0	37.95	605.29	60.59
Price/Book(x)	0.9	1.26	1.16	3.72	1.23	2.69	1.94	1.95	3.67	5.64	7.01
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.41	0.49	0.52	0.88	1.18	2.07	2.03	1.3	0.98	1.13	1.27
EV/Core EBITDA(x)	11.96	104.69	-39.05	-44.28	-10.92	-72.56	38.07	-15.46	9.47	12.76	13.63
Net Sales Growth(%)	-7.73	-5.79	-11.16	-17.25	-29.48	-24.99	-38.33	-1.68	80.17	11.97	13.62
EBIT Growth(%)	-40.97	-147.18	-67.19	-12.06	-146.29	65.35	123.28	-98.09	0	-8.5	25.76
PAT Growth(%)	-85.38	-982.85	4.9	-52.45	-74.06	35.18	11	25.13	104.29	-64.15	786.84
EPS Growth(%)	-86.11	-1016.76	5.07	-52.65	-76.05	35.6	11.57	32.37	110.99	-90.21	1382.5
Debt/Equity(x)	0.86	1.09	1.73	3.31	1.2	2.03	3.08	4.67	4.26	4.21	3.6
Current Ratio(x)	1.33	1.24	1.15	1.05	0.96	0.77	0.63	0.45	0.51	0.54	0.56
Quick Ratio(x)	0.89	0.87	0.86	0.77	0.68	0.6	0.48	0.25	0.28	0.29	0.3
Interest Cover(x)	1.29	-0.49	-0.74	-0.65	-1.32	-0.41	0.07	0	1.07	1.03	1.22
Total Debt/Mcap(x)	0.96	0.86	1.49	0.89	0.97	0.76	1.59	2.4	1.16	0.75	0.51

Jagatjit Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	33.9	33.9	33.9	33.9	33.9	33.78	88.03	88.03	88.03	87.55
FII	0	0	0	0	0	0	0	0	0	0
DII	4.59	4.53	4.54	0.02	0.02	0.02	0.02	0.02	0.02	0.03
Public	6.88	6.94	6.93	11.45	11.45	11.77	11.96	11.96	11.96	12.41
Others	54.63	54.63	54.63	54.63	54.63	54.43	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.56	1.56	1.56	1.56	1.56	1.56	4.09	4.09	4.09	4.09
FII	0	0	0	0	0	0	0	0	0	0
DII	0.21	0.21	0.21	0	0	0	0	0	0	0
Public	0.32	0.32	0.32	0.53	0.53	0.55	0.55	0.55	0.55	0.58
Others	2.52	2.52	2.52	2.52	2.52	2.52	0	0	0	0
Total	4.61	4.61	4.61	4.61	4.61	4.63	4.64	4.64	4.64	4.67

Pros

Debtor days have improved from 82.82 to 65.26days.
Company has reduced debt.

Cons

Company has a low return on equity of 6% over the last 3 years.
Stock is trading at 11.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.