JCT Ltd

JCT Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JCT Ltd

₹ 1.27 -4.51%
23 Dec 12:44 p.m.
jct.co.in BSE: 500223
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)

Website BSE
  • Market Cap ₹ 110 Cr.
  • Current Price ₹ 1.27
  • High / Low ₹ 4.57 / 1.24
  • Stock P/E
  • Book Value ₹ 3.44
  • Dividend Yield 0.00 %
  • ROCE -1.80 %
  • ROE -58.4 %
  • Face Value ₹ 2.50
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Pros

  • Stock is trading at 0.37 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.52% over past five years.
  • Promoter holding is low: 27.2%
  • Company has a low return on equity of -59.2% over last 3 years.
  • Contingent liabilities of Rs.39.6 Cr.
  • Promoters have pledged 99.9% of their holding.
  • Earnings include an other income of Rs.254 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011
148 229
147 217
Operating Profit 0 12
OPM % 0% 5%
-0 113
Interest 10 13
Depreciation 9 10
Profit before tax -19 102
Tax % 0% 0%
-19 102
EPS in Rs -0.54 2.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011
514 518 509 544 557 705
533 485 475 544 547 812
Operating Profit -19 33 34 -0 10 -107
OPM % -4% 6% 7% -0% 2% -15%
71 19 24 26 15 254
Interest 20 21 27 43 47 47
Depreciation 24 18 26 44 39 41
Profit before tax 9 13 5 -61 -61 60
Tax % 18% 17% 25% 1% 0% 7%
7 11 4 -61 -61 56
EPS in Rs 0.20 0.31 0.11 -1.72 -1.70 1.56
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 12%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 1%
Stock Price CAGR
10 Years: -9%
5 Years: 9%
3 Years: -39%
1 Year: -51%
Return on Equity
10 Years: %
5 Years: -28%
3 Years: -59%
Last Year: -58%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011
Equity Capital 86 86 89 89 90 90
Reserves 55 53 71 2 -16 34
288 468 529 554 516 467
148 163 147 160 198 221
Total Liabilities 577 770 837 805 788 811
259 285 464 515 513 478
CWIP 31 184 59 4 5 5
Investments 66 76 77 62 53 42
220 225 237 224 217 287
Total Assets 577 770 837 805 788 811

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011
58 56 17 49 69 112
-67 -204 -76 4 -5 -2
8 148 61 -56 -62 -98
Net Cash Flow -1 0 2 -3 1 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011
Debtor Days 39 23 29 25 22 31
Inventory Days 172 210 195 177 171 156
Days Payable 181 202 183 190 227 180
Cash Conversion Cycle 29 31 42 13 -34 7
Working Capital Days 44 37 55 37 5 22
ROCE % 6% 5% -3% -2% -2%

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.

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