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Jai Corp

₹293.7 4.1 | 1.4%

Market Cap ₹5240 Cr.

Stock P/E -522.6

P/B 3.6

Current Price ₹293.7

Book Value ₹ 81.7

Face Value 1

52W High ₹423.8

Dividend Yield 0.17%

52W Low ₹ 154.4

Jai Corp Research see more...

Overview Inc. Year: 1985Industry: Plastic Products

Jai Corp Limited is an primarily India-based company, this is engaged in manufacturing of polypropylene (PP) woven sacks/fabric, polypropylene (PP) staple fiber and geotextiles, spun yarn, jumbo bags, high density polyethylene (HDPE) twine, and production, processing and trading of galvanized steel product. The Company's segments include Spinning, Asset Management Activity, Real Estate, Steel, Plastic Processing, and Other. The Steel section contains production, processing and trading of galvanized metal product. The Plastic Processing segment is engaged in production of woven sacks/ cloth, jumbo luggage, HDPE wire, PP staple fiber and geotextiles. The Spinning section is engaged in manufacturing spun yarn. The Asset Management Activity section includes investment advisory offerings. The Real Estate section is engaged in development of land and homes.

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Jai Corp Share Price

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Jai Corp Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 187 179 168 195 145 130 125 116 118 107
Other Income 3 4 7 5 7 5 8 6 6 7
Total Income 190 183 174 200 152 135 133 122 124 114
Total Expenditure 170 165 158 177 132 119 113 109 105 95
Operating Profit 20 18 16 23 20 16 19 13 19 19
Interest 1 1 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 -51 0 0 0
Profit Before Tax 16 15 13 20 16 12 -35 10 16 16
Provision for Tax 5 4 0 6 5 3 4 4 4 4
Profit After Tax 12 10 12 14 11 9 -39 6 12 12
Adjustments 1 1 5 1 -8 -1 -0 -0 -0 -0
Profit After Adjustments 13 11 18 14 3 8 -39 6 12 12
Adjusted Earnings Per Share 0.7 0.6 1 0.8 0.2 0.5 -2.2 0.3 0.7 0.7

Jai Corp 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 695 748 706 669 695 588 636 527 472 720 594 466
Other Income 66 51 26 26 21 26 29 35 109 19 25 27
Total Income 761 799 732 695 715 614 664 562 580 739 619 493
Total Expenditure 583 629 616 581 607 516 559 475 423 665 542 422
Operating Profit 178 170 116 113 108 98 106 87 157 74 77 70
Interest 3 3 2 83 78 52 34 25 16 4 0 0
Depreciation 18 18 23 18 17 18 18 15 14 13 13 12
Exceptional Income / Expenses 0 0 -3 0 0 0 -152 0 0 0 -51 -51
Profit Before Tax 157 149 87 5 5 18 -104 41 128 65 5 7
Provision for Tax 50 49 30 19 23 20 4 7 37 13 18 16
Profit After Tax 107 100 57 -14 -18 -1 -108 34 90 52 -14 -9
Adjustments -0 -0 -4 0 0 -1 0 -1 3 1 -0 0
Profit After Adjustments 107 100 52 -14 -18 -2 -108 33 93 53 -14 -9
Adjusted Earnings Per Share 6 5.6 2.9 -0.8 -1 -0.1 -6.1 1.9 5.2 2.9 -0.8 -0.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% 4% 0% -2%
Operating Profit CAGR 4% -4% -5% -8%
PAT CAGR -127% NAN% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 80% 49% 23% 16%
ROE Average -1% 3% 1% 1%
ROCE Average 0% 5% 3% 4%

Jai Corp 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 2256 2314 2272 1175 1236 1355 1265 1312 1395 1451 1432
Minority's Interest 0 0 0 12 36 35 34 30 28 26 23
Borrowings 21 22 22 895 0 388 0 223 0 0 0
Other Non-Current Liabilities 23 23 20 44 33 34 7 2 -0 -3 -3
Total Current Liabilities 63 50 47 62 951 29 381 27 117 35 32
Total Liabilities 2362 2409 2361 2187 2256 1840 1687 1594 1539 1509 1483
Fixed Assets 223 219 206 183 182 170 174 147 126 121 118
Other Non-Current Assets 1255 1272 1443 1311 1391 1004 1004 944 913 908 833
Total Current Assets 885 918 712 684 674 666 509 485 489 475 528
Total Assets 2362 2409 2361 2187 2256 1840 1687 1594 1539 1509 1483

Jai Corp 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 9 5 28 16 6 5 9 4 4 12 9
Cash Flow from Operating Activities -1 57 79 71 86 48 71 61 -5 91 72
Cash Flow from Investing Activities 220 27 59 15 -47 515 2 74 170 4 -60
Cash Flow from Financing Activities -223 -60 -149 -96 -39 -559 -78 -135 -158 -98 -17
Net Cash Inflow / Outflow -4 23 -11 -10 -1 4 -5 0 7 -3 -5
Closing Cash & Cash Equivalent 5 28 16 6 5 9 4 4 12 9 4

Jai Corp 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) 5.98 5.58 2.94 -0.79 -1.02 -0.11 -6.06 1.88 5.19 2.95 -0.76
CEPS(Rs) 7 6.62 4.49 0.21 -0.09 0.96 -5.08 2.78 5.83 3.63 -0.04
DPS(Rs) 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Book NAV/Share(Rs) 126.36 129.63 127.27 65.82 69.25 75.94 70.88 73.51 78.16 81.29 80.24
Core EBITDA Margin(%) 15.07 14.89 11.99 12.28 11.65 12.08 12.12 9.87 10.23 7.62 8.78
EBIT Margin(%) 21.45 19.02 11.91 12.36 11.06 11.88 -11.06 12.42 30.38 9.48 0.87
Pre Tax Margin(%) 21.03 18.67 11.58 0.74 0.67 3.09 -16.41 7.76 27.04 8.99 0.81
PAT Margin (%) 14.33 12.47 7.59 -1.97 -2.44 -0.19 -17.07 6.49 19.1 7.17 -2.28
Cash Profit Margin (%) 16.78 14.78 10.72 0.53 -0.22 2.88 -14.25 9.41 22.06 8.99 -0.11
ROA(%) 4.39 4.18 2.38 -0.62 -0.82 -0.05 -6.15 2.08 5.75 3.39 -0.91
ROE(%) 4.63 4.36 2.48 -0.82 -1.52 -0.09 -8.28 2.65 6.65 3.63 -0.94
ROCE(%) 6.78 6.53 3.83 4.04 3.91 3.64 -4.19 4.16 9.48 4.65 0.36
Receivable days 54.11 50.16 48.33 41.37 37.09 47.93 42.07 47.09 50.17 31.62 35.82
Inventory Days 83.41 79.03 92.82 111.27 107.15 129.36 124.98 145.16 172.42 120.23 134.8
Payable days 17.03 7.85 10.54 17.55 10.85 6.34 6.83 6.27 5.34 4.07 5.1
PER(x) 8.44 12.47 19.09 0 0 0 0 26.94 16.28 37.08 0
Price/Book(x) 0.4 0.54 0.44 1.05 1.07 1.76 1.63 0.69 1.08 1.34 1.73
Dividend Yield(%) 0.99 0.72 0.89 0.73 0.68 0.37 0.43 0.99 0.59 0.46 0.36
EV/Net Sales(x) 1.34 1.67 1.43 3.17 3.21 4.68 3.78 2.12 3.36 2.69 4.15
EV/Core EBITDA(x) 5.22 7.32 8.72 18.68 20.67 28.04 22.7 12.82 10.08 26.31 31.9
Net Sales Growth(%) 1.89 7.56 -5.61 -5.25 3.83 -15.31 8.04 -17.09 -10.52 52.72 -17.46
EBIT Growth(%) -20.16 -4.8 -41.4 -0.73 -6.26 -14.43 -199.13 193.11 118.82 -52.34 -92.45
PAT Growth(%) -22.41 -6.56 -43.07 -124.88 -29.54 93.86 -9567.9 131.5 163.5 -42.63 -126.24
EPS Growth(%) -22.41 -6.55 -47.37 -126.88 -29.6 89.61 -5593.42 130.97 176.51 -43.22 -125.88
Debt/Equity(x) 0.02 0.02 0.01 0.77 0.75 0.29 0.28 0.17 0.07 0 0
Current Ratio(x) 13.98 18.24 15.3 11.06 0.71 23.21 1.33 17.69 4.18 13.65 16.6
Quick Ratio(x) 11.3 14.74 10.91 7.31 0.49 15.71 0.76 10.42 2.07 7.1 9.96
Interest Cover(x) 51.2 53.71 36.4 1.06 1.06 1.35 -2.07 2.66 9.11 19.34 15.06
Total Debt/Mcap(x) 0.05 0.03 0.03 0.74 0.7 0.16 0.17 0.25 0.06 0 0

Jai Corp Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.01 73.01 73.01 73.01 73.01 73.79 73.79 73.79 73.79 73.79
FII 0.58 0.64 0.62 0.73 0.79 0.92 0.76 0.92 1.44 1.73
DII 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.65 1.64 1.64
Public 24.82 24.76 24.78 24.66 24.61 23.69 23.85 23.64 23.12 22.84
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Debtor days have increased from 4.07 to 5.1days.
  • Stock is trading at 3.6 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.

Jai Corp News

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