JCT Ltd

JCT Ltd

₹ 1.61 -4.73%
18 Nov - close price
About

Incorporated in 1946, JCT Ltd is a manufacturer of cloth and nylon filament yarn[1]

Key Points

Business Overview:[1]
JCTL is the flagship company of Thapar Group. It is a manufacturer of textiles and filament yarn with operations in 2 distinct businesses – cotton, synthetic & blended textiles and nylon filament yarn. Company was the first textile manufacturer in the country to introduce eco -friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9001 certification. JCTL’s other operations include Filament Yarn. Company was also the first to set up a Colour Picture Tube plant in India (manufactured by JCT Electronics Ltd. in technical collaboration with Hitachi Ltd, Japan)

  • Market Cap 140 Cr.
  • Current Price 1.61
  • High / Low 4.57 / 1.24
  • Stock P/E
  • Book Value 3.11
  • Dividend Yield 0.00 %
  • ROCE -9.86 %
  • ROE -30.0 %
  • Face Value 2.50

Pros

  • Stock is trading at 0.52 times its book value
  • Debtor days have improved from 24.9 to 18.7 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.35% over past five years.
  • Promoter holding is low: 27.2%
  • Company has a low return on equity of -11.6% over last 3 years.
  • Contingent liabilities of Rs.42.2 Cr.
  • Promoters have pledged 99.9% of their holding.
  • 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: Textiles Industry: Textiles - Composite

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
133 131 187 206 152 197 219 237 196 173 153 117 113
117 124 167 182 144 190 217 224 189 185 167 142 140
Operating Profit 16 8 20 24 8 7 2 13 6 -12 -14 -25 -26
OPM % 12% 6% 11% 12% 5% 3% 1% 5% 3% -7% -9% -21% -23%
2 1 4 1 1 3 9 32 3 1 8 1 1
Interest 10 11 11 15 13 13 13 13 10 10 10 13 13
Depreciation 3 3 3 5 4 3 3 3 3 4 3 3 2
Profit before tax 4 -6 10 6 -7 -6 -5 28 -3 -25 -19 -39 -40
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
4 -6 10 6 -7 -6 -5 28 -3 -25 -19 -39 -40
EPS in Rs 0.05 -0.07 0.13 0.07 -0.08 -0.07 -0.06 0.32 -0.03 -0.29 -0.21 -0.45 -0.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 18m Mar 2014 6m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
773 1,235 461 961 855 804 758 800 693 657 804 639 557
760 1,194 429 897 799 769 738 768 696 590 774 683 633
Operating Profit 14 40 32 63 56 34 20 32 -3 67 30 -44 -77
OPM % 2% 3% 7% 7% 7% 4% 3% 4% -0% 10% 4% -7% -14%
7 -1 4 7 19 17 10 7 16 8 45 14 12
Interest 41 53 17 34 39 37 36 40 43 46 51 44 46
Depreciation 47 74 17 28 30 31 30 23 15 15 13 12 12
Profit before tax -68 -87 3 9 5 -17 -36 -23 -45 15 10 -85 -123
Tax % 0% 1% -33% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-68 -88 3 9 5 -17 -36 -23 -45 15 10 -85 -123
EPS in Rs -1.90 -1.99 0.06 0.16 0.09 -0.29 -0.60 -0.28 -0.53 0.18 0.11 -0.98 -1.41
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -3%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -31%
TTM: -969%
Stock Price CAGR
10 Years: -9%
5 Years: 10%
3 Years: -25%
1 Year: -39%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -12%
Last Year: -30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 90 110 139 139 146 150 150 210 210 210 217 217
Reserves -38 -132 -61 -53 -42 -56 -90 137 108 131 135 53
444 479 369 371 309 258 240 196 174 192 182 198
238 241 256 247 256 273 301 320 355 313 326 340
Total Liabilities 734 699 703 704 670 625 601 863 847 845 860 808
457 414 398 387 368 348 322 584 593 582 569 561
CWIP 2 2 4 2 1 3 3 3 2 1 1 2
Investments 42 38 37 37 5 2 2 2 2 2 2 2
233 244 264 278 296 272 274 274 251 261 288 243
Total Assets 734 699 703 704 670 625 601 863 847 845 860 808

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
54 55 -77 53 59 75 46 58 69 -2 33 18
-25 -23 1 -13 30 -1 4 -3 9 1 39 8
-44 -25 68 -33 -89 -77 -53 -56 -65 -11 -73 -26
Net Cash Flow -15 6 -7 7 -1 -3 -2 -1 13 -12 -1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 17 53 31 34 30 26 21 13 29 27 19
Inventory Days 94 60 188 99 130 155 161 139 177 196 151 166
Days Payable 93 51 175 78 69 101 128 109 141 168 128 146
Cash Conversion Cycle 23 25 67 51 96 84 59 50 49 56 51 39
Working Capital Days -86 -51 -50 -27 19 -6 -23 13 -32 7 11 -27
ROCE % -5% -4% 10% 9% 3% -2% 4% -3% 11% 4% -10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25% 27.25%
6.24% 6.28% 6.35% 6.31% 6.31% 6.31% 6.30% 6.30% 6.30% 6.26% 6.26% 6.25%
22.28% 13.39% 11.56% 11.56% 11.39% 2.98% 2.98% 2.98% 2.98% 2.98% 2.98% 2.98%
44.24% 53.08% 54.85% 54.89% 55.05% 63.46% 63.45% 63.47% 63.46% 63.51% 63.51% 63.52%
No. of Shareholders 1,04,0571,15,8341,30,3721,52,3661,53,6861,55,4511,53,8151,55,3961,53,9121,54,0121,53,7741,59,662

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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