WEBSITE BSE:511618 NSE: JIK INDUS. Inc. Year: 1990 Industry: Glass My Bucket: Add Stock
Last updated: 00:00
No Notes Added Yet
1. Business Overview
JIK Industries Ltd. was historically involved in the manufacturing of glass containers, including bottles and vials, primarily serving industries such as pharmaceuticals, food and beverages, and cosmetics. The core business model revolved around producing and supplying custom and standard glass packaging solutions to these end-user sectors. However, based on recent financial filings, the company's operational activities have significantly diminished, and it currently reports negligible revenue from operations. Its manufacturing facilities appear to be largely inactive or operating at a minimal scale, suggesting a de-facto non-operational status.
2. Key Segments / Revenue Mix
Historically, the company's revenue would have been primarily derived from the sale of various types of glass containers. Given its current operational status and negligible revenue, a meaningful breakdown of key segments or revenue mix is not applicable. The company does not publicly report distinct operational segments with material contributions.
3. Industry & Positioning
The Indian glass container industry is capital-intensive and competitive, featuring several established players like AGI Glaspac, Piramal Glass, Hindustan National Glass, and Borosil. JIK Industries was a relatively smaller participant in this industry. Due to its current minimal operations and financial distress, JIK Industries is no longer a significant or active player in the Indian glass manufacturing landscape and holds no discernible market position against its peers.
4. Competitive Advantage (Moat)
Given its current non-operational status and minimal scale, JIK Industries Ltd. possesses no identifiable competitive advantages or "moats." It lacks the scale, brand recognition, proprietary technology, cost leadership, or switching costs that would typically provide a durable competitive edge in the glass manufacturing industry.
5. Growth Drivers
Considering the company's negligible operational activity and ongoing financial challenges, there are no identifiable internal or external growth drivers that currently apply to JIK Industries Ltd. The company is primarily focused on addressing its financial viability rather than pursuing growth initiatives.
6. Risks
The primary risks for JIK Industries Ltd. are existential:
Operational Viability: The company faces significant challenges to its "going concern" status due to negligible revenue and persistent losses.
Financial Distress: Accumulated losses, lack of cash flow from operations, and potential liquidity issues pose severe financial risks.
Competition: Should the company attempt to revive operations, it would face intense competition from larger, more established players.
Regulatory & Compliance: Risks associated with continued listing requirements for a company with minimal operations.
Capital Intensity: The glass manufacturing industry requires substantial capital investment for revival or expansion, which the company currently lacks.
7. Management & Ownership
Information regarding the current active management team's strategic direction is limited, especially given the company's operational challenges. As of recent filings, the promoter group typically holds a significant stake (often in the range of 40-50%), which is common for smaller Indian listed companies. The quality of management and their ability to steer the company out of its current financial situation remains a critical question.
8. Outlook
The outlook for JIK Industries Ltd. appears extremely challenging. The company currently operates with negligible revenue and recurring losses, raising significant concerns about its long-term viability. A turnaround would require substantial capital infusion, a complete strategic overhaul, and renewed operational efficiency to compete in a capital-intensive and competitive industry. Without such drastic measures, the company faces an uphill battle to regain operational relevance or achieve financial stability.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹5 Cr.
Stock P/E -64
P/B -0.1
Current Price ₹0.7
Book Value ₹ -10.6
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | -0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 1 | 1 | 0 | 0 | 0 |
| Operating Profit | -1 | -0 | 0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | -0 | 0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | -0 | 0 | -0 | -0 |
| Adjustments | 1 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 0 | 0 | 0 | -0 | -0 |
| Adjusted Earnings Per Share | -0.1 | -0.1 | 0 | -0 | -0 |
| #(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 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 0 |
| Total Income | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 0 |
| Total Expenditure | 159 | 13 | 3 | 2 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Operating Profit | -158 | -12 | -1 | -1 | -1 | -0 | -0 | 0 | 0 | 0 | -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 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -163 | -13 | -1 | -1 | -1 | -0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -163 | -13 | -1 | -1 | -1 | -0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17 | 0 | 0 |
| Profit After Adjustments | -163 | -13 | -1 | -1 | -1 | -0 | -0 | 0 | 0 | -17 | -0 | 0 |
| Adjusted Earnings Per Share | -22.4 | -1.7 | -0.2 | -0.2 | -0.1 | -0 | -0 | 0 | 0 | -0 | -0 | -0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -100% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 3% | -1% | -1% |
| ROE Average | 0% | 0% | 0% | -71% |
| ROCE Average | 0% | 0% | 0% | -64% |
| #(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 | -61 | -73 | -22 | -22 | -23 | -23 | -22 | -22 | -75 | -94 | -94 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -7 | 0 | 0 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Total Current Liabilities | 93 | 99 | 99 | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 5 |
| Total Liabilities | 26 | 26 | 77 | 79 | 80 | 80 | 80 | 80 | 27 | 8 | 0 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 26 | 25 | 77 | 79 | 79 | 79 | 80 | 80 | 26 | 8 | 0 |
| Total Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 26 | 26 | 77 | 79 | 80 | 80 | 80 | 80 | 27 | 8 | 0 |
| #(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 | 0 | -0 | -1 | -1 | -1 | -1 | -0 | 0 | 0 | -1 | -1 |
| Cash Flow from Investing Activities | -0 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 8 |
| Cash Flow from Financing Activities | 0 | 0 | 1 | 2 | 1 | 1 | 0 | -0 | -0 | 1 | -7 |
| 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 |
| # | 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) | -22.45 | -1.73 | -0.17 | -0.18 | -0.14 | -0.04 | -0 | 0 | 0 | -0.02 | -0.01 |
| CEPS(Rs) | -22.44 | -1.71 | -0.16 | -0.18 | -0.14 | -0.04 | -0 | 0 | 0 | -0.02 | -0.01 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -8.37 | -10.09 | -10.27 | -10.45 | -10.59 | -10.63 | -10.63 | -10.63 | -10.62 | -12.94 | -12.94 |
| Core EBITDA Margin(%) | 0 | -2451.35 | -103.22 | -389.74 | -467.9 | -590.33 | -855.49 | -285.89 | -132.02 | -32.05 | -160.75 |
| EBIT Margin(%) | 0 | -2465.05 | -102.73 | -390.24 | -454.79 | -177.53 | -21.05 | 7.25 | 2.34 | 7.7 | -20.47 |
| Pre Tax Margin(%) | 0 | -2465.32 | -102.86 | -391.48 | -455.53 | -178.35 | -21.68 | 6.28 | 2.24 | -26.99 | -20.59 |
| PAT Margin (%) | 0 | -2465.32 | -102.86 | -391.48 | -455.53 | -178.35 | -21.68 | 6.28 | 2.24 | -26.99 | -20.59 |
| Cash Profit Margin (%) | 0 | -2443.19 | -94.53 | -390.98 | -451.62 | -173.26 | -7.22 | 9.95 | 2.71 | -26.74 | -20.28 |
| ROA(%) | -258.71 | -48.47 | -2.47 | -1.64 | -1.28 | -0.34 | -0.01 | 0.01 | 0.02 | -0.67 | -1.73 |
| ROE(%) | -784.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -700.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivable days | 6146.39 | 0.83 | 4.67 | 17.43 | 1.35 | 0 | 92.4 | 34.94 | 0 | 0 | 1.02 |
| Inventory Days | 64.64 | 77.25 | 18.44 | 92.6 | 271.72 | 394.93 | 482.31 | 46.24 | 8.67 | 6.96 | 6.62 |
| Payable days | 672.74 | 149.08 | 15.42 | 74.47 | 401.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 911.11 | 0 | 0 | 0 |
| Price/Book(x) | -0.1 | -0.08 | -0.07 | 0 | -0.03 | -0.02 | -0.05 | -0.08 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 11.43 | 16.67 | 7.41 | 238.03 | 37.27 | 56.57 | 225.35 | 125.42 | 158.23 | 184.58 | 203.7 |
| EV/Core EBITDA(x) | -0.06 | -0.68 | -7.85 | -61.07 | -8.27 | -32.81 | -3414.22 | 1148.74 | 5622.19 | 2321.71 | -1010.04 |
| Net Sales Growth(%) | -37.72 | -33.46 | 142.54 | -73.44 | -31.49 | -31.49 | -68.87 | 116.31 | 384.06 | -13.63 | -17.15 |
| EBIT Growth(%) | -4519.03 | 92.31 | 89.89 | -0.89 | 20.16 | 73.26 | 96.31 | 174.46 | 56 | 184.62 | -320.42 |
| PAT Growth(%) | -4516.25 | 92.31 | 89.88 | -1.08 | 20.28 | 73.18 | 96.22 | 162.67 | 72.31 | -1142.86 | 36.82 |
| EPS Growth(%) | -4515.98 | 92.31 | 89.88 | -1.08 | 20.27 | 73.21 | 96.29 | 164.29 | 66.67 | -1173.33 | 36.65 |
| Debt/Equity(x) | -0.04 | -0.04 | -0.05 | -0.07 | -0.08 | -0.09 | -0.09 | -0.09 | -0.09 | -0.08 | -0 |
| Current Ratio(x) | 0 | 0 | 0 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0 | 0.04 |
| Quick Ratio(x) | 0 | 0 | 0 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0 | 0.04 |
| Interest Cover(x) | 0 | -9112.31 | -769.66 | -313.8 | -616.85 | -216.38 | -33.77 | 7.5 | 23.4 | 0.22 | -183.5 |
| Total Debt/Mcap(x) | 0.39 | 0.5 | 0.71 | 0 | 2.72 | 3.8 | 1.91 | 1.18 | 0 | 0 | 0 |
| # | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 | 49.06 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 |
| Public | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 | 50.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 | 3.56 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Public | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 | 3.64 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
ChatGPT
Claude
Perplexity
