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Jattashankar Inds. Overview

1. Business Overview

Jattashankar Industries Ltd. operates within the Indian textile sector, specifically focusing on man-made fibres (MMF). Its core business involves the manufacturing and sale of various synthetic fibres. This typically includes processing raw materials (often derivatives of petrochemicals) into fibres like polyester, nylon, acrylic, or viscose. These fibres are then supplied as raw material to other textile manufacturers for the production of apparel, home furnishings, technical textiles, and industrial applications. The company generates revenue by selling these manufactured man-made fibres to a business-to-business (B2B) customer base.

2. Key Segments / Revenue Mix

Based on the provided information, the company's primary business segment is the manufacturing and sale of man-made fibres. Detailed breakdowns of revenue contribution by specific fibre types (e.g., polyester staple fibre, polyester filament yarn) or end-user applications are not available.

3. Industry & Positioning

The Indian man-made fibres industry is a significant component of the overall textile sector, characterized by its capital-intensive nature, reliance on petrochemical raw materials, and susceptibility to global commodity price fluctuations. It is a competitive market with both large integrated players and smaller specialized units. The industry benefits from government support for manufacturing and exports, and a growing domestic demand for textiles. Without specific market share data, Jattashankar Industries Ltd. can be positioned as a participant in this segment, competing on factors such as cost efficiency, product quality, and supply chain reliability against other domestic and international manufacturers.

4. Competitive Advantage (Moat)

In the man-made fibres industry, potential competitive advantages often arise from:

Economies of Scale: Large-scale manufacturing operations can lead to lower per-unit production costs, offering a price advantage.

Cost Efficiency: Advanced manufacturing processes, efficient raw material sourcing, and operational excellence can reduce costs.

Product Differentiation: Investment in R&D to produce specialized, high-performance, or sustainable fibres can create niche advantages.

Integrated Operations: Vertical integration (e.g., from raw material to finished fibre) can improve cost control and supply chain stability.

Without specific company details, it's challenging to ascertain Jattashankar Industries Ltd.'s unique durable advantages, though operational efficiency and scale are generally critical in this sector.

5. Growth Drivers

Key factors that can drive growth for Jattashankar Industries Ltd. over the next 3-5 years include:

Increasing Textile Demand: Rising disposable incomes and changing fashion trends in India will continue to drive demand for textiles, translating into higher fibre consumption.

Shift Towards Man-made Fibres: A growing global and domestic preference for MMF due to their functional properties (durability, wrinkle resistance, versatility) and lower environmental impact compared to natural fibres in some contexts.

Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles and promotion of technical textiles can boost domestic manufacturing and demand for MMF.

Export Opportunities: Growth in global textile trade can provide export avenues for Indian MMF manufacturers.

6. Risks

Raw Material Price Volatility: Prices of key petrochemical raw materials (e.g., PTA, MEG) are linked to crude oil prices and global supply-demand dynamics, which can significantly impact profit margins.

Demand Fluctuations: The textile industry is cyclical, and economic downturns or changes in consumer preferences can lead to reduced demand for fibres.

Intense Competition: The presence of several domestic and international players can lead to pricing pressures and margin erosion.

Environmental Regulations: Stringent environmental norms and regulations regarding pollution control and sustainable manufacturing can increase operational costs and require significant capital expenditure.

Currency Fluctuations: For companies involved in exports or imports of raw materials, exchange rate volatility can impact profitability.

7. Management & Ownership

As is common with many Indian companies, Jattashankar Industries Ltd. is likely promoter-driven, meaning the founding family or group maintains a significant ownership stake and exercises substantial control over strategic decisions and day-to-day operations. The quality of management would depend on their industry experience, strategic vision, and execution capabilities in navigating the cyclical and competitive man-made fibres sector. Specific details on the current management team and precise ownership structure are not provided.

8. Outlook

Jattashankar Industries Ltd. operates in a crucial segment of the Indian textile industry, poised for growth driven by increasing domestic and global demand for textiles and a structural shift towards man-made fibres due to their functional advantages. Government support for manufacturing and exports could also provide tailwinds. However, the company faces inherent challenges common to the MMF sector, including significant exposure to volatile petrochemical raw material prices, intense competition, and the cyclical nature of textile demand. Managing operational efficiencies, product innovation, and supply chain risks will be key to sustained performance. The outlook is balanced between the sector's growth potential and its inherent cost and demand vulnerabilities.

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Jattashankar Inds. Key Financials

Market Cap ₹175 Cr.

Stock P/E -147.6

P/B 9.3

Current Price ₹400

Book Value ₹ 43.1

Face Value 10

52W High ₹454.1

Dividend Yield 0%

52W Low ₹ 201.2

Jattashankar Inds. Share Price

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Volume
Price

Jattashankar Inds. Quarterly Price

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Jattashankar Inds. Peer Comparison

Jattashankar Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 5 3 4 4 4 0 0 0 0 56
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 5 4 4 4 4 0 0 0 0 56
Total Expenditure 5 3 4 4 4 0 1 0 0 55
Operating Profit 0 0 0 0 0 -0 -0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 4 -1 -0 -0 0 0 0 0
Profit Before Tax 0 0 4 -1 0 -0 -0 0 0 0
Provision for Tax 0 0 1 0 -0 0 0 0 0 0
Profit After Tax 0 0 3 -1 0 -0 -0 0 0 0
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 0 0 3 -1 0 -0 -0 0 0 0
Adjusted Earnings Per Share 0.3 0.4 7.5 -1.3 0.3 -0.9 -0.7 0.2 0.1 0.7

Jattashankar Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 33 36 38 27 20 17 15 19 16 16 8 56
Other Income 0 0 0 1 0 1 1 1 1 1 1 0
Total Income 33 36 38 27 21 17 16 20 16 17 10 56
Total Expenditure 30 33 35 24 18 16 15 19 15 16 10 56
Operating Profit 3 3 3 3 3 1 1 1 1 1 -0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 4 -1 0
Profit Before Tax 3 2 3 3 2 1 1 1 1 5 -1 0
Provision for Tax 0 0 1 1 1 0 0 0 0 1 0 0
Profit After Tax 3 2 2 2 2 1 1 1 1 4 -1 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 2 2 2 2 1 1 1 1 4 -1 0
Adjusted Earnings Per Share 6.3 5 4 4.6 4.2 1.5 1.3 2.1 1.2 8.7 -2.7 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -50% -25% -14% -13%
Operating Profit CAGR -100% -100% -100% -100%
PAT CAGR -125% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 79% 183% 78% 43%
ROE Average -6% 6% 6% 18%
ROCE Average -6% 8% 8% 17%

Jattashankar Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 7 9 11 13 14 14 15 16 20 18
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3 1 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 1 1 1 1 1 1 1 1 1 1
Total Current Liabilities 2 3 4 3 3 0 0 1 0 0 0
Total Liabilities 10 12 14 15 17 15 16 17 18 21 20
Fixed Assets 2 2 2 3 3 3 3 3 2 2 0
Other Non-Current Assets 1 2 1 0 0 0 0 0 0 0 0
Total Current Assets 7 8 11 13 14 13 13 15 15 19 20
Total Assets 10 12 14 15 17 15 16 17 18 21 20

Jattashankar Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 3 4 2 1 -0 2 1 0 -0 2
Cash Flow from Investing Activities -1 -1 -2 -2 -1 -0 -2 -1 -0 0 -2
Cash Flow from Financing Activities -0 -2 -1 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow -0 0 -0 -0 0 -0 0 0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Jattashankar Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.33 5.03 4 4.56 4.19 1.51 1.34 2.07 1.2 8.71 -2.71
CEPS(Rs) 6.66 5.38 4.32 4.88 4.7 2.04 1.87 2.65 1.78 9.27 -2.62
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.93 16.96 21.16 25.73 29.92 31.43 32.76 34.83 36.03 44.74 42.03
Core EBITDA Margin(%) 8.46 6.67 6.56 8.29 10.39 3.58 2.76 4.54 2.03 1.51 -17.32
EBIT Margin(%) 8.55 6.59 6.8 10.11 11.73 5.28 5.99 6.27 5.05 28.1 -14.21
Pre Tax Margin(%) 8.54 6.55 6.78 10.08 11.68 5.25 5.98 6.27 5.05 28.1 -14.21
PAT Margin (%) 8.54 6.17 4.65 7.52 9.01 3.97 3.88 4.67 3.34 23.43 -14.55
Cash Profit Margin (%) 8.99 6.59 5.01 8.05 10.11 5.39 5.42 5.97 4.97 24.92 -14.09
ROA(%) 33.06 19.87 13.53 13.73 11.26 4.06 3.75 5.49 3.03 19.91 -5.84
ROE(%) 72.1 34.86 21.01 19.46 15.06 4.91 4.17 6.13 3.38 21.58 -6.25
ROCE(%) 39.42 27.96 28.7 26.15 19.62 6.53 6.44 8.23 5.11 25.88 -6.1
Receivable days 26.63 30.57 33.41 52.59 69.96 84.56 66.91 31.07 39.01 46.09 0
Inventory Days 24.03 21 14.06 17.41 25.89 29.84 26 24.88 33.45 23.35 0
Payable days 16.54 24.43 27.7 33.3 43.45 29.5 8.22 7.23 6.87 2.5 2.78
PER(x) 0 2.15 4.36 4.95 3.38 7.36 15.66 6.86 16.29 2.44 0
Price/Book(x) 0 0.64 0.82 0.88 0.47 0.35 0.64 0.41 0.54 0.48 4.75
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.21 0.15 0.19 0.35 0.27 0.26 0.57 0.29 0.51 0.54 10.68
EV/Core EBITDA(x) 2.34 2.13 2.61 3.33 2.07 3.92 7.61 3.87 7.65 7.7 -6100.94
Net Sales Growth(%) 27.84 10.17 5.59 -29.64 -23.31 -18.46 -9 28.55 -19.14 3.66 -49.91
EBIT Growth(%) 6.9 -15.11 9.04 4.56 -10.97 -63.33 3.2 34.74 -34.91 476.85 -125.33
PAT Growth(%) 7.11 -20.41 -20.46 13.95 -8.16 -64.05 -11.2 54.74 -42.19 628.03 -131.1
EPS Growth(%) 7.11 -20.41 -20.46 13.95 -8.16 -64.05 -11.2 54.74 -42.19 628.05 -131.1
Debt/Equity(x) 0.57 0.16 0 0 0 0 0 0 0 0 0
Current Ratio(x) 4.07 2.98 3.22 4.04 4.66 26.39 34.67 22.08 41.64 55.21 494.56
Quick Ratio(x) 2.65 2.38 2.86 3.65 4.14 24.04 31.96 19.62 38.16 52.8 494.56
Interest Cover(x) 830.9 181.25 380.08 372.91 225.48 198.06 755.17 763.13 0 0 0
Total Debt/Mcap(x) 0 0.25 0 0 0 0 0 0 0 0 0

Jattashankar Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.55 72.55 72.55 72.55 72.55 72.55 72.55 72.55 72.56 72.56
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 27.44 27.44 27.44 27.44 27.44 27.44 27.44 27.44 27.43 27.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Jattashankar Inds. News

Jattashankar Inds. Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 2.5 to 2.78days.
  • Stock is trading at 9.3 times its book value.
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