Jubilant Inds.

₹1087 -20.4 | 1.8%

WEBSITE BSE:533320 NSE : JUBILNT IND 10 May, 16:01

Market Cap ₹1638 Cr.

Stock P/E 65.8

P/B 7.8

Current Price ₹1087

Book Value ₹ 139.7

Face Value 10

52W High ₹1462.9

Dividend Yield 0%

52W Low ₹ 423.1

Edit Ratio

Jubilant Inds. Research see more...

Overview Inc. Year: 2007Industry: Chemicals

Jubilant Industries Ltd is a holding agency. The Company is engaged within the business of producing of Indian-made foreign liquor (IMFL) products for the various manufacturers in India, engaged in liquor commercial enterprise. The Company's segments consist of Performance Polymer, Agri Products and Retail. The Performance Polymer segment consists of adhesives and wooden finishes, food polymer (solid Polyvinyl Acetate (PVA)) and latex. The Agri Products phase includes single super phosphate, sulfuric acid and agro chemical compounds for crop product. The Retail segment is engaged in running and retaining hypermarket cum department stores. Its agribusiness offers a number of merchandise in Crop Nutrition, Crop Growth Regulator and Crop Protection classes under the umbrella brand Ramban. It is engaged in the production of natural manure granules and trading of agrochemical products. The Company has a product portfolio, protecting quite a number of merchandise for both B2B and commercial enterprise to purchaser (B2C) clients.

Jubilant Inds. Share Price

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Price

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Quarterly Price

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Peer Comparison

Jubilant Inds. 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	328	298	329	355	427	348	343	349	312	293
Other Income	0	0	0	1	0	0	1	1	0	0
Total Income	328	298	330	356	427	348	345	349	312	293
Total Expenditure	284	283	322	321	397	328	323	313	289	266
Operating Profit	43	15	8	35	30	20	21	36	23	27
Interest	4	4	3	4	5	5	5	5	5	4
Depreciation	3	3	3	3	4	4	3	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-47
Profit Before Tax	36	8	2	28	21	11	12	27	15	-28
Provision for Tax	7	3	3	6	6	5	3	6	6	-5
Profit After Tax	29	5	-1	22	15	7	10	21	9	-23
Adjustments	-0	-0	-0	0	-0	0	9	-0	-0	-0
Profit After Adjustments	28	5	-1	22	14	7	19	21	9	-23
Adjusted Earnings Per Share	18.9	3.4	-0.9	14.6	9.5	4.7	12.5	13.6	5.7	-15.2

Jubilant 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	1011	930	858	608	508	457	559	544	621	1166	1473	1297
Other Income	2	2	4	3	3	2	1	2	3	1	3	2
Total Income	1013	932	862	611	512	459	560	546	624	1167	1476	1299
Total Expenditure	982	927	881	575	471	427	523	496	569	1065	1368	1191
Operating Profit	31	5	-19	35	40	32	37	50	55	101	108	107
Interest	35	37	45	43	31	27	25	22	17	15	21	19
Depreciation	31	32	31	18	9	9	9	11	13	13	14	15
Exceptional Income / Expenses	0	85	-23	-75	0	0	0	0	0	0	0	-47
Profit Before Tax	-35	21	-118	-101	-0	-5	2	17	26	73	72	26
Provision for Tax	0	-4	-0	-91	2	0	5	0	34	19	19	10
Profit After Tax	-35	25	-118	-9	-2	-5	-3	17	-9	55	53	17
Adjustments	0	0	0	0	0	0	0	0	-1	-1	9	9
Profit After Adjustments	-35	25	-118	-9	-2	-5	-3	17	-9	54	62	26
Adjusted Earnings Per Share	-29.6	21	-99.4	-8	-1.5	-4	-2.2	11.4	-6.2	35.7	41.2	16.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	39%	26%	4%
Operating Profit CAGR	7%	29%	28%	13%
PAT CAGR	-4%	46%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	154%	50%	59%	29%
ROE Average	31%	23%	17%	-5%
ROCE Average	28%	27%	21%	9%

Jubilant 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	147	171	53	44	42	38	64	94	85	140	203
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	196	174	163	171	133	166	134	104	68	55	24
Other Non-Current Liabilities	150	19	31	-78	-80	-81	-73	-65	-31	-12	24
Total Current Liabilities	271	307	369	210	242	208	193	211	256	467	415
Total Liabilities	764	672	615	346	337	331	319	345	378	650	666
Fixed Assets	305	274	285	125	133	126	125	141	140	153	170
Other Non-Current Assets	78	57	36	11	5	9	8	12	2	4	9
Total Current Assets	381	341	294	210	199	197	187	192	234	491	487
Total Assets	764	672	615	346	337	331	319	345	378	650	666

Jubilant 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	11	20	7	5	6	3	7	3	2	6	6
Cash Flow from Operating Activities	95	71	-16	51	47	42	64	47	62	30	14
Cash Flow from Investing Activities	-54	-33	-22	68	-13	-6	-7	-19	4	-22	-18
Cash Flow from Financing Activities	-32	-51	37	-118	-36	-32	-61	-30	-61	-9	2
Net Cash Inflow / Outflow	9	-14	-2	1	-3	4	-4	-2	5	-1	-2
Closing Cash & Cash Equivalent	20	7	5	6	3	7	3	2	6	6	4

Jubilant 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)	-29.56	21.02	-99.4	-7.95	-1.5	-3.97	-2.2	11.42	-6.18	35.65	41.24
CEPS(Rs)	-3.02	47.72	-73.45	6.81	6.14	3.63	4.41	19.02	2.69	44.77	44.47
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	123.67	144.69	44.44	36.71	34.97	31.35	43.16	62.65	56.36	92.23	133.46
Core EBITDA Margin(%)	2.76	0.31	-2.5	4.93	6.75	6.49	6.41	8.94	8.39	8.6	7.12
EBIT Margin(%)	-0.01	5.89	-7.99	-8.8	5.66	4.88	4.91	7.17	6.86	7.6	6.35
Pre Tax Margin(%)	-3.31	2.11	-12.93	-15.43	-0.01	-0.98	0.37	3.18	4.17	6.3	4.9
PAT Margin (%)	-3.31	2.52	-12.91	-1.45	-0.32	-1.01	-0.54	3.15	-1.38	4.68	3.58
Cash Profit Margin (%)	-0.34	5.73	-9.54	1.24	1.33	0.93	1.08	5.25	0.65	5.77	4.55
ROA(%)	-4.79	3.47	-18.3	-1.97	-0.52	-1.42	-0.93	5.18	-2.37	10.63	8.03
ROE(%)	-21.35	15.67	-105.11	-19.64	-4.18	-11.98	-6.24	22.38	-9.58	48.91	31.08
ROCE(%)	-0.03	14.09	-16.94	-15.8	10	7.54	9.74	14.5	17.06	34.55	28.21
Receivable days	53.28	54.76	48.27	57.26	71.16	83.18	63.85	64.19	58.35	47.45	56.34
Inventory Days	46.78	50.59	49.03	48.76	40.86	53.2	45.51	47.13	48.69	50.75	52.05
Payable days	52.32	80.01	82.73	82.97	85.12	107.99	88.61	105.3	109.76	99.72	85.89
PER(x)	0	2.39	0	0	0	0	0	7.09	0	13.09	9.36
Price/Book(x)	0.82	0.35	1.85	4.14	8.93	5.36	2.9	1.29	3.33	5.06	2.89
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.31	0.34	0.5	0.74	1.24	1	0.66	0.55	0.67	0.72	0.51
EV/Core EBITDA(x)	9.92	67.88	-22.87	12.65	15.69	14.29	10.06	5.95	7.5	8.32	6.95
Net Sales Growth(%)	-1.16	-7.99	-7.72	-29.2	-16.32	-10.07	22.23	-2.59	14.1	87.67	26.34
EBIT Growth(%)	98.97	0	-225.46	21.28	154.23	-26.73	20.34	42.11	9.3	107.79	5.62
PAT Growth(%)	38.22	171.11	-572.84	91.97	81.14	-165.68	36.31	669.08	-149.89	737.58	-3.33
EPS Growth(%)	38.22	171.11	-572.84	92	81.19	-165.32	44.66	619.86	-154.14	676.44	15.69
Debt/Equity(x)	1.54	1.64	6.76	6.29	6.3	7.01	3.36	1.92	1.66	1.07	0.86
Current Ratio(x)	1.41	1.11	0.8	1	0.82	0.94	0.96	0.91	0.91	1.05	1.17
Quick Ratio(x)	0.88	0.68	0.49	0.72	0.56	0.59	0.62	0.56	0.56	0.55	0.72
Interest Cover(x)	-0	1.56	-1.62	-1.33	1	0.83	1.08	1.8	2.55	5.84	4.38
Total Debt/Mcap(x)	1.87	4.73	3.65	1.52	0.71	1.31	1.16	1.48	0.5	0.21	0.3

Jubilant Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.96	74.96	74.78	74.78	74.78	74.78	74.78	74.78	74.78	74.78
FII	0.16	0.47	0.36	0.01	0	0.01	0	0.08	0.14	0.53
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.04	0.02	0.02
Public	24.87	24.55	24.85	25.19	25.2	25.2	25.2	25.1	25.07	24.68
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	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13
FII	0	0.01	0.01	0	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.37	0.37	0.37	0.38	0.38	0.38	0.38	0.38	0.38	0.37
Others	0	0	0	0	0	0	0	0	0	0
Total	1.5	1.5	1.51	1.51	1.51	1.51	1.51	1.51	1.51	1.51

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 99.72 to 85.89days.
Company has reduced debt.

Cons

Stock is trading at 7.8 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.