Jayant Agro-Organics

₹234.9 -0.7 | 0.3%

WEBSITE BSE:524330 NSE : JAYANT AGRO 10 May, 16:01

Market Cap ₹705 Cr.

Stock P/E 14.2

P/B 1.3

Current Price ₹234.9

Book Value ₹ 175.7

Face Value 5

52W High ₹291.6

Dividend Yield 2.13%

52W Low ₹ 164.7

Edit Ratio

Jayant Agro-Organics Research see more...

Overview Inc. Year: 1992Industry: Chemicals

Jayant Agro-Organics Ltd is an oleochemical enterprise, which makes a speciality of the castor-based chemicals industry. The Company is engaged in natural chemical compounds business. The Company has 3 segments: Castor Oil, Derivatives and Power Generation. The Company's products consist of 12-Hydroxy Stearic Acid, 2-Octanol, 2-Octanone, Blown Castor Oil, Castor Meal, Castor Oil, Dehydrated Castor Oil, Ethoxylated Castor Oil, Glycerine, HIOL Fatty Acid, Hydrogenated Castor Oil, Jagrolube, Jagropol, Ricinoleic Acid and Sebacic Acid. The Company's R&D is focused on castor oil and its derivatives using conventional chemical reactions. The Company owns wind turbines of approximately 2.4 megawatt (MW) and 0.Eight MW. It focuses on research assignments in the discipline of oleochemicals and their applications. The Company's subsidiaries consist of Ihsedu Coreagri Service Pvt. Ltd, Ihsedu Itoh Green Chemicals Marketing Pvt. Ltd and Ihsedu Agrochem Pvt. Ltd.

Jayant Agro-Organics Share Price

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Peer Comparison

Jayant Agro-Organics 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	641	713	593	945	695	525	607	555	540	429
Other Income	0	0	1	0	1	0	1	0	-0	0
Total Income	641	713	594	945	696	525	607	556	540	429
Total Expenditure	603	675	555	909	672	512	582	534	513	411
Operating Profit	38	37	40	36	24	14	25	21	27	18
Interest	5	3	3	5	3	3	2	2	2	2
Depreciation	3	3	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	30	31	33	27	17	6	20	16	21	13
Provision for Tax	8	8	8	7	5	2	5	4	5	3
Profit After Tax	22	23	25	21	12	4	14	11	16	9
Adjustments	-1	-1	-1	-1	-1	0	-0	-1	-1	0
Profit After Adjustments	21	22	24	20	11	5	14	11	16	10
Adjusted Earnings Per Share	7.1	7.3	8.1	6.5	3.8	1.5	4.6	3.6	5.3	3.2

Jayant Agro-Organics 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	1625	1538	1581	1375	1662	2549	2451	2508	1639	2589	2772	2131
Other Income	5	23	7	4	4	6	7	5	1	1	2	1
Total Income	1630	1561	1588	1380	1666	2555	2458	2512	1640	2591	2773	2132
Total Expenditure	1531	1461	1523	1302	1537	2405	2311	2520	1542	2437	2674	2040
Operating Profit	99	101	65	77	129	151	146	-7	98	153	99	91
Interest	36	35	42	28	32	54	45	40	14	16	13	8
Depreciation	13	14	12	12	11	11	11	14	13	14	15	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	50	52	11	38	86	86	90	-61	71	124	71	70
Provision for Tax	14	12	0	13	28	29	32	-26	18	32	19	17
Profit After Tax	36	41	11	25	58	57	58	-35	52	92	52	50
Adjustments	-0	-13	1	-1	-3	-4	-2	3	-4	-4	-3	-2
Profit After Adjustments	36	28	12	24	55	53	56	-32	48	89	49	51
Adjusted Earnings Per Share	12.1	9.3	4	8.1	18.3	17.8	18.6	-10.7	16	29.5	16.4	16.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	3%	2%	5%
Operating Profit CAGR	-35%	0%	-8%	0%
PAT CAGR	-43%	0%	-2%	4%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	9%	3%	15%
ROE Average	11%	16%	11%	14%
ROCE Average	14%	18%	13%	15%

Jayant Agro-Organics 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	174	220	220	245	282	322	377	325	381	466	507
Minority's Interest	1	15	13	14	17	20	22	19	24	28	31
Borrowings	48	35	16	6	1	11	6	8	7	3	13
Other Non-Current Liabilities	27	34	32	35	38	40	44	22	31	34	35
Total Current Liabilities	331	453	299	353	474	643	571	246	234	254	175
Total Liabilities	581	757	581	654	811	1036	1020	621	678	785	761
Fixed Assets	221	221	231	228	221	219	221	225	217	228	233
Other Non-Current Assets	27	28	19	16	17	21	24	46	48	43	67
Total Current Assets	333	508	330	409	573	796	775	350	413	514	461
Total Assets	581	757	581	654	811	1036	1020	621	678	785	761

Jayant Agro-Organics 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	16	9	22	23	22	3	4	5	8	6	19
Cash Flow from Operating Activities	30	-23	176	12	-104	-79	170	344	40	65	123
Cash Flow from Investing Activities	-32	5	-9	-7	-6	-5	-6	-28	-6	-17	-41
Cash Flow from Financing Activities	-5	30	-166	-6	92	85	-163	-313	-36	-35	-88
Net Cash Inflow / Outflow	-6	12	1	-1	-18	1	1	3	-1	12	-7
Closing Cash & Cash Equivalent	9	22	23	22	4	4	5	8	6	19	12

Jayant Agro-Organics 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)	12.07	9.35	4	8.09	18.31	17.82	18.6	-10.72	16	29.53	16.45
CEPS(Rs)	16.38	18.09	7.46	12.26	22.89	22.64	23.08	-7.14	21.92	35.35	22.42
DPS(Rs)	2.25	3	1	3.75	8.75	2	2	0	1	3	5
Book NAV/Share(Rs)	57.88	73.35	73.18	81.36	93.9	107.43	125.59	108.49	126.89	155.46	169.1
Core EBITDA Margin(%)	5.77	5	3.65	5.29	7.45	5.67	5.68	-0.48	5.92	5.87	3.51
EBIT Margin(%)	5.29	5.63	3.34	4.77	7.07	5.5	5.52	-0.82	5.19	5.41	3.03
Pre Tax Margin(%)	3.09	3.39	0.68	2.74	5.16	3.37	3.69	-2.44	4.31	4.8	2.55
PAT Margin (%)	2.23	2.63	0.66	1.82	3.48	2.24	2.37	-1.39	3.19	3.57	1.87
Cash Profit Margin (%)	3.02	3.51	1.41	2.66	4.12	2.66	2.83	-0.85	4.01	4.1	2.43
ROA(%)	6.47	6.07	1.57	4.08	7.91	6.18	5.64	-4.26	8.05	12.63	6.71
ROE(%)	22.65	20.62	4.79	10.87	22.06	18.9	16.59	-9.95	14.8	21.81	10.65
ROCE(%)	19.46	16.07	9.82	13.25	19.43	17.82	15.9	-3.12	16.25	24.21	13.96
Receivable days	26.45	32.12	29.16	30.66	32.31	29.35	34.65	27.63	35.3	21.29	19.23
Inventory Days	26.71	41.07	38.88	38.46	53.54	54.5	67.64	44.48	40.81	37.17	37.47
Payable days	13.35	14.28	14.17	13.84	11.9	9.49	16.68	12.59	15.03	13.69	14.24
PER(x)	3.68	4.99	12.57	7.16	21.27	17.03	9.67	0	8.5	8.41	8.95
Price/Book(x)	0.77	0.64	0.69	0.71	4.15	2.82	1.43	0.53	1.07	1.6	0.87
Dividend Yield(%)	2.53	3.22	1	3.24	1.12	0.66	1.11	0	0.74	1.21	3.4
EV/Net Sales(x)	0.27	0.32	0.24	0.31	0.95	0.57	0.4	0.14	0.34	0.34	0.18
EV/Core EBITDA(x)	4.36	4.96	5.96	5.48	12.29	9.69	6.69	-47.55	5.73	5.69	5.18
Net Sales Growth(%)	-11.31	-5.36	2.79	-12.99	20.8	53.43	-3.87	2.32	-34.64	58	7.04
EBIT Growth(%)	-0.04	0.92	-39.08	24.43	78.91	19.06	-3.63	-115.29	511.04	64.74	-39.96
PAT Growth(%)	15.6	11.99	-74.08	139.53	130.11	-1.56	1.57	-160.27	249.55	76.79	-43.86
EPS Growth(%)	15.54	-22.57	-57.24	102.47	126.22	-2.67	4.37	-157.63	249.23	84.57	-44.29
Debt/Equity(x)	1.77	1.73	1.17	1.12	1.47	1.73	1.18	0.54	0.43	0.32	0.17
Current Ratio(x)	1	1.12	1.11	1.16	1.21	1.24	1.36	1.42	1.76	2.03	2.63
Quick Ratio(x)	0.67	0.68	0.72	0.68	0.56	0.55	0.56	0.82	0.84	0.8	1.16
Interest Cover(x)	2.4	2.51	1.25	2.35	3.71	2.59	3.02	-0.51	5.9	8.91	6.3
Total Debt/Mcap(x)	2.3	2.72	1.71	1.57	0.35	0.61	0.82	1.04	0.4	0.2	0.19

Jayant Agro-Organics Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.44	66.44	66.44	66.44	67.12	67.12	67.12	67.12	67.12	67.12
FII	0.07	0.06	0.09	0.14	0.08	0.04	0.09	0.05	0.16	0.06
DII	0.07	0.07	0.07	0.03	0.03	0.03	0.03	0.03	0.03	0.02
Public	33.42	33.43	33.4	33.39	32.76	32.8	32.76	32.8	32.69	32.79
Others	0	0	0	0	0	0	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	1.99	1.99	1.99	1.99	2.01	2.01	2.01	2.01	2.01	2.01
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1	1	1	1	0.98	0.98	0.98	0.98	0.98	0.98
Others	0	0	0	0	0	0	0	0	0	0
Total	3	3	3	3	3	3	3	3	3	3

Pros

Company is almost debt free.

Cons

Debtor days have increased from 13.69 to 14.24days.
The company has delivered a poor profit growth of -1% over past five years.

* 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.