John Cockerill India Ltd
John Cockerill India Ltd, incorporated in 1986, has been engaged in the designing, manufacturing, and commissioning of cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces and auxiliary equipment for ferrous and non-ferrous industries worldwide. The Co. is part of the John Cockerill Group (previously known as the CMI group) headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra and has a global footprint across Asia, Africa, Middle East, Europe, North America and South America. The Co. was previously known as CMI FPE Limited and the name was changed to John Cockerill India Limited on June 16, 2020 [1] [2]
- Market Cap ₹ 2,414 Cr.
- Current Price ₹ 4,888
- High / Low ₹ 6,443 / 2,910
- Stock P/E 377
- Book Value ₹ 429
- Dividend Yield 0.14 %
- ROCE 14.0 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 155 to 115 days.
Cons
- Stock is trading at 11.4 times its book value
- Company has a low return on equity of 0.29% over last 3 years.
- Earnings include an other income of Rs.6.31 Cr.
- Dividend payout has been low at 12.4% of profits over last 3 years
- Company's cost of borrowing seems high
* 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.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Part of BSE Allcap BSE Industrials BSE SmallCap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 9m | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 533 | 443 | 219 | 205 | 153 | 305 | 496 | 372 | 198 | 383 | 484 | 667 | 570 | |
| 535 | 469 | 228 | 201 | 153 | 300 | 465 | 348 | 225 | 369 | 475 | 640 | 561 | |
| Operating Profit | -2 | -26 | -8 | 4 | -0 | 5 | 32 | 23 | -27 | 14 | 9 | 27 | 9 |
| OPM % | -0% | -6% | -4% | 2% | -0% | 2% | 6% | 6% | -13% | 4% | 2% | 4% | 2% |
| 8 | 15 | 27 | 23 | 14 | 15 | 21 | 14 | 2 | 2 | 14 | 6 | 6 | |
| Interest | 3 | 7 | 4 | 2 | 1 | 1 | 0 | 3 | 0 | 7 | 2 | 2 | 3 |
| Depreciation | 5 | 8 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 6 |
| Profit before tax | -2 | -26 | 8 | 20 | 8 | 13 | 47 | 29 | -30 | 4 | 16 | 26 | 8 |
| Tax % | -48% | -14% | -19% | 33% | 26% | 49% | 25% | 18% | -4% | -5% | 20% | 17% | |
| -1 | -22 | 9 | 13 | 6 | 7 | 35 | 24 | -29 | 5 | 13 | 22 | 6 | |
| EPS in Rs | -2.00 | -45.18 | 19.18 | 26.57 | 11.73 | 13.61 | 71.08 | 48.10 | -58.85 | 9.40 | 26.10 | 43.83 | 12.98 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 29% | 14% | 10% | -0% | 21% | 19% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 17% |
| 3 Years: | 22% |
| TTM: | -30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 23% |
| 3 Years: | -5% |
| TTM: | -80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 44% |
| 3 Years: | 69% |
| 1 Year: | 59% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | 0% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 146 | 123 | 134 | 146 | 147 | 153 | 186 | 202 | 170 | 175 | 187 | 206 | 207 |
| 68 | 34 | 25 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 1 | 5 | |
| 321 | 239 | 190 | 133 | 128 | 257 | 397 | 243 | 283 | 160 | 658 | 615 | 386 | |
| Total Liabilities | 540 | 401 | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 603 |
| 62 | 61 | 71 | 68 | 63 | 60 | 60 | 58 | 54 | 51 | 50 | 53 | 56 | |
| CWIP | 6 | 6 | 1 | 1 | 0 | 2 | 1 | 1 | 0 | 1 | 2 | 1 | 3 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| 471 | 334 | 282 | 214 | 217 | 353 | 528 | 392 | 404 | 289 | 799 | 774 | 544 | |
| Total Assets | 540 | 401 | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 603 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -50 | 36 | 31 | -10 | 60 | 90 | -38 | -58 | -21 | 26 | 71 | 17 | |
| -24 | -1 | -3 | 19 | 1 | -29 | 26 | -0 | 2 | -19 | -7 | 10 | |
| 60 | -39 | -11 | -27 | -0 | -0 | -2 | -6 | -3 | -0 | -1 | -3 | |
| Net Cash Flow | -14 | -4 | 17 | -18 | 61 | 60 | -14 | -64 | -22 | 7 | 62 | 24 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 181 | 144 | 219 | 217 | 98 | 108 | 79 | 76 | 235 | 115 | 101 | 115 |
| Inventory Days | 19 | 18 | 54 | 74 | 99 | 26 | 13 | 25 | 40 | 13 | 26 | 14 |
| Days Payable | 142 | 104 | 153 | 212 | 192 | 99 | 91 | 160 | 319 | 99 | 305 | 234 |
| Cash Conversion Cycle | 58 | 58 | 120 | 79 | 5 | 35 | 1 | -59 | -44 | 29 | -179 | -106 |
| Working Capital Days | 80 | 58 | 77 | 132 | 10 | -39 | -0 | 50 | 144 | 40 | -1 | -30 |
| ROCE % | 1% | -10% | 3% | 5% | 5% | 10% | 27% | 16% | -15% | 9% | 10% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - Pursuant to Regulation 30, 33 and 47 of the SEBI (LODR) Regulations, 2015 and in continuation to our letter dated October 28, 2024 with regard …
-
Announcement under Regulation 30 (LODR)-Change in Management
29 Oct - Appointment of Mr. Augusto Ferro as Sr. VP Engineering.
-
Chairman Communication On Unaudited Financial Results For The Quarter And Nine Months Ended September 30, 2024
29 Oct - Chairman communication on Q3 financial results.
- Un-Audited Financial Results For The Quarter And Nine Months Ended September 30, 2024 And Limited Review Report Thereon 28 Oct
-
Announcement under Regulation 30 (LODR)-Change in Directorate
28 Oct - Expiry of Ms. Roma Balwani's term as Independent Director.
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Products and Services
The company offers products and services like the installation of cold-rolling mills, galvanizing lines, color-coating lines, tension-leveling lines, skin-pass mills, acid regeneration plants, wet-flux lines, and pickling lines for ferrous and non-ferrous industries worldwide. [1]