Jindal Poly Films Ltd

Jindal Poly Film Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jindal Poly Films Ltd

₹ 690 0.91%
28 Jun - close price
jindalgroup.com BSE: 500227 NSE: JINDALPOLY
About

Jindal Poly Films Limited is a part of the B.C. Jindal group. It is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET, BOPP, CPP, Thermal, Metalized and Coated Films. [1][2]

Key Points

Business Segments FY24
1) Packaging Films (79%): [1] The co. was the largest manufacturer of BOPET and BOPP films in India. It produced BOPET, BOPP, CPP, Thermal, Metalized, Coated and Capacitor Films. In Aug 2022, it executed a business transfer transaction where the packaging films business undertaking was sold to its subsidiary JPFL Films on a slump sale basis for Rs. ~2,400 Cr. [2]
2) Non-Woven Fabrics (~14%): It produces PP-based ‘Spunmelt’ and ‘Spunbond’ Nonwoven Fabric.
3) Labels Division (7%): Through its subsidiary, SMI Coated Products, the co. offers 200+ different products of self-adhesive labels. [3]

Website BSE NSE
  • Market Cap ₹ 3,019 Cr.
  • Current Price ₹ 690
  • High / Low ₹ 743 / 449
  • Stock P/E 9.68
  • Book Value ₹ 1,321
  • Dividend Yield 0.62 %
  • ROCE 7.30 %
  • ROE 5.53 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.52 times its book value

Cons

  • The company has delivered a poor sales growth of -31.5% over past five years.
  • Earnings include an other income of Rs.496 Cr.
  • Debtor days have increased from 45.2 to 102 days.
  • Working capital days have increased from 1,157 days to 3,195 days

* 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 - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,149 1,335 1,453 1,357 1,724 1,510 643 134 195 105 149 140 148
907 1,007 1,135 1,043 1,254 1,151 607 141 147 110 132 134 139
Operating Profit 242 328 318 314 470 358 36 -7 48 -5 17 6 9
OPM % 21% 25% 22% 23% 27% 24% 6% -5% 25% -4% 12% 4% 6%
51 46 115 21 204 125 1,339 79 114 208 94 137 57
Interest -26 26 -8 -9 19 16 10 10 8 10 7 30 3
Depreciation 35 37 38 38 38 41 22 12 12 19 19 20 3
Profit before tax 284 311 402 306 617 427 1,343 51 142 175 86 93 60
Tax % 20% 25% 37% 28% 21% 25% 0% 21% 71% 26% 26% 6% 49%
228 233 254 219 489 319 1,341 40 42 130 64 87 31
EPS in Rs 52.00 53.15 57.90 49.94 111.67 72.80 306.05 9.13 9.54 29.61 14.62 19.97 7.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,232 2,631 2,775 2,644 2,583 2,951 3,596 3,530 4,075 5,869 2,481 543
2,088 2,340 2,485 2,264 2,352 2,643 3,163 2,877 2,969 4,435 2,044 516
Operating Profit 144 291 290 380 231 308 433 652 1,106 1,434 437 28
OPM % 6% 11% 10% 14% 9% 10% 12% 18% 27% 24% 18% 5%
2 1 33 8 78 -115 -474 73 131 384 1,658 496
Interest 40 58 33 39 63 66 47 95 60 31 45 50
Depreciation 89 94 58 56 98 102 102 116 142 150 87 60
Profit before tax 17 140 232 292 147 24 -191 515 1,035 1,636 1,963 414
Tax % 51% 40% 34% 33% 36% 40% -85% 7% 24% 27% 11% 25%
8 83 153 195 95 15 -353 479 786 1,194 1,741 312
EPS in Rs 2.01 19.83 36.54 46.44 21.63 3.32 -80.60 109.31 179.36 272.66 397.53 71.23
Dividend Payout % 50% 5% 3% 2% 5% 30% -1% 1% 1% 2% 1% 8%
Compounded Sales Growth
10 Years: -15%
5 Years: -31%
3 Years: -49%
TTM: -78%
Compounded Profit Growth
10 Years: 12%
5 Years: 39%
3 Years: -27%
TTM: -65%
Stock Price CAGR
10 Years: 11%
5 Years: 24%
3 Years: -8%
1 Year: 5%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 17%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 42 42 44 44 44 44 44 44 44 44 44 44
Reserves 1,087 1,217 1,499 1,683 1,760 1,771 1,415 1,758 2,540 3,728 5,450 5,743
581 489 549 751 1,053 986 1,066 1,397 886 1,206 758 681
351 473 476 486 692 754 1,033 1,101 1,249 1,531 285 721
Total Liabilities 2,062 2,221 2,568 2,964 3,549 3,555 3,558 4,300 4,719 6,508 6,536 7,189
1,249 1,155 1,118 1,276 1,787 1,762 2,017 2,322 2,428 2,601 1,041 1,007
CWIP 49 51 80 165 13 15 31 182 25 77 21 0
Investments 108 255 575 746 848 719 406 424 453 1,312 3,641 4,336
656 761 795 777 902 1,059 1,104 1,372 1,813 2,518 1,834 1,845
Total Assets 2,062 2,221 2,568 2,964 3,549 3,555 3,558 4,300 4,719 6,508 6,536 7,189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
88 380 83 269 301 288 455 354 897 730 -417 64
-88 -94 -264 -443 -194 -113 -511 -425 -436 -1,106 -619 78
-7 -245 140 165 -99 -158 45 298 -533 290 953 -146
Net Cash Flow -7 41 -41 -9 8 17 -11 228 -72 -86 -82 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 25 20 17 14 17 14 13 9 13 21 102
Inventory Days 60 62 50 58 67 78 69 95 112 91 20 113
Days Payable 25 46 38 30 41 43 37 41 43 29 5 69
Cash Conversion Cycle 61 42 32 45 40 52 46 67 78 75 35 146
Working Capital Days 60 27 51 53 49 52 34 35 63 78 200 3,195
ROCE % 4% 13% 14% 14% 7% 10% 16% 21% 33% 37% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.55% 74.55% 74.55% 74.55% 74.55% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54% 74.54%
2.40% 2.48% 2.90% 2.91% 2.98% 2.94% 2.80% 3.42% 3.09% 3.02% 3.08% 3.00%
0.01% 0.01% 0.01% 0.01% 0.00% 0.06% 0.05% 0.01% 0.01% 0.03% 0.04% 0.01%
23.05% 22.96% 22.54% 22.54% 22.47% 22.46% 22.58% 22.02% 22.36% 22.40% 22.34% 22.44%
No. of Shareholders 46,43050,74649,58050,38352,79254,30155,76356,48457,29856,38448,98747,631

* 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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