JSL Industries Ltd

₹ 1,823 -2.00%

26 Jul - close price

About

Incorporated in 1966, JSL Industries Ltd
does manufacturing of engineering goods

Key Points

Business Overview:^[1]
Company started as a subsidiary company
to M/s. Jyoti Ltd., Vadodara to supply various engineering products and components. At present, it is a public limited company engaged in manufacturing LT Motors and Pumps, LT panels, LT Switchgear and Control gear products – Air Circuit Breakers, Contactors, Thermal overload Relay, Motor Starters, Cam Switches and HT Instrument Transformers. Company is the largest manufacturer of Oil Immersed starters in India and is also the largest supplier of 66 kV CTs to M/s. GETCO, Gujarat

Website BSE

Market Cap ₹ 214 Cr.
Current Price ₹ 1,823
High / Low ₹ 2,370 / 415
Stock P/E 34.7
Book Value ₹ 337
Dividend Yield 0.00 %
ROCE 21.8 %
ROE 16.9 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 81.8% CAGR over last 5 years
Debtor days have improved from 23.5 to 17.5 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -1.28% over past five years.
Company has a low return on equity of 12.8% over last 3 years.
Earnings include an other income of Rs.5.45 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: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	13.99	11.75	14.93	16.59	11.98	11.48	10.26	13.56	13.59	12.50	11.76	14.44	12.65
	13.24	11.32	13.57	14.90	11.16	10.74	9.32	12.12	11.95	11.92	10.43	13.04	11.52
Operating Profit	0.75	0.43	1.36	1.69	0.82	0.74	0.94	1.44	1.64	0.58	1.33	1.40	1.13
OPM %	5.36%	3.66%	9.11%	10.19%	6.84%	6.45%	9.16%	10.62%	12.07%	4.64%	11.31%	9.70%	8.93%
	0.00	0.42	0.20	0.19	0.22	0.16	1.40	0.56	0.29	2.57	3.15	-1.42	1.15
Interest	0.02	0.14	0.24	0.11	0.10	0.14	0.21	0.17	0.06	0.08	0.15	0.08	0.09
Depreciation	0.30	0.25	0.25	0.25	0.25	0.25	0.27	0.27	0.27	0.26	0.27	0.27	0.30
Profit before tax	0.43	0.46	1.07	1.52	0.69	0.51	1.86	1.56	1.60	2.81	4.06	-0.37	1.89
Tax %	79.07%	15.22%	28.97%	26.97%	27.54%	35.29%	10.22%	14.10%	93.12%	30.60%	29.80%	-21.62%	12.70%
	0.09	0.39	0.76	1.11	0.50	0.33	1.67	1.34	0.10	1.95	2.85	-0.29	1.65
EPS in Rs	0.77	3.32	6.47	9.46	4.26	2.81	14.23	11.41	0.85	16.61	24.28	-2.47	14.06
Raw PDF

Upcoming result date: 1 August 2024

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	Mar 2024
	67.35	52.67	54.97	47.73	44.48	47.34	54.78	48.45	49.13	54.92	48.87	51.35
	61.21	48.28	50.60	44.58	41.69	44.68	51.74	45.90	44.44	50.57	43.74	46.90
Operating Profit	6.14	4.39	4.37	3.15	2.79	2.66	3.04	2.55	4.69	4.35	5.13	4.45
OPM %	9.12%	8.33%	7.95%	6.60%	6.27%	5.62%	5.55%	5.26%	9.55%	7.92%	10.50%	8.67%
	0.26	0.38	0.82	0.19	0.32	0.24	0.26	0.61	0.53	0.98	2.04	5.45
Interest	1.90	1.12	1.35	1.01	0.80	0.93	0.91	0.78	0.57	0.59	0.58	0.40
Depreciation	1.32	1.34	1.74	1.60	1.61	1.62	1.68	1.61	1.21	1.00	1.06	1.11
Profit before tax	3.18	2.31	2.10	0.73	0.70	0.35	0.71	0.77	3.44	3.74	5.53	8.39
Tax %	11.95%	38.53%	24.29%	32.88%	28.57%	42.86%	54.93%	59.74%	29.94%	26.20%	37.79%	26.58%
	2.80	1.42	1.59	0.50	0.51	0.20	0.32	0.31	2.40	2.76	3.44	6.16
EPS in Rs	25.08	12.72	14.24	4.48	4.57	1.70	2.73	2.64	20.44	23.51	29.30	52.47
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	0%
5 Years:	-1%
3 Years:	1%
TTM:	5%

Compounded Profit Growth
10 Years:	16%
5 Years:	82%
3 Years:	38%
TTM:	79%

Stock Price CAGR
10 Years:	26%
5 Years:	82%
3 Years:	105%
1 Year:	280%

Return on Equity
10 Years:	6%
5 Years:	10%
3 Years:	13%
Last Year:	17%

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	Mar 2024
Equity Capital	1.12	1.12	1.12	1.12	1.12	1.17	1.17	1.17	1.17	1.17	1.17	1.17
Reserves	21.35	22.65	24.16	26.01	25.33	27.17	23.41	23.62	25.95	28.71	32.19	38.34
	6.88	7.05	5.71	6.39	6.96	8.74	3.62	4.75	3.80	2.87	4.48	3.34
	20.93	21.38	17.63	12.54	15.32	14.29	14.47	13.82	12.23	11.61	10.46	12.73
Total Liabilities	50.28	52.20	48.62	46.06	48.73	51.37	42.67	43.36	43.15	44.36	48.30	55.58
	19.13	18.12	16.91	17.68	17.48	17.61	16.67	15.36	14.77	15.59	15.71	16.31
CWIP	2.03	2.14	0.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.67	7.17	7.17	7.17	7.17	7.14	6.67	5.77	5.77	0.27	1.66	5.61
	27.45	24.77	23.93	21.21	24.08	26.62	19.33	22.23	22.61	28.50	30.93	33.66
Total Assets	50.28	52.20	48.62	46.06	48.73	51.37	42.67	43.36	43.15	44.36	48.30	55.58

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	Mar 2024
	8.23	3.62	0.98	-0.11	0.90	-1.72	4.99	-2.27	1.24	-4.72	-1.21	-2.06
	-1.77	-5.68	1.71	-1.72	-1.17	-1.48	-0.02	1.20	-0.10	4.65	-0.54	-0.25
	-3.10	0.17	-1.34	2.13	0.29	3.19	-4.88	0.97	-0.61	-0.46	1.75	2.31
Net Cash Flow	3.36	-1.89	1.36	0.30	0.01	-0.01	0.09	-0.10	0.54	-0.53	0.01	-0.01

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	Mar 2024
Debtor Days	61.13	60.22	46.88	36.86	46.45	56.36	33.18	35.56	21.25	28.71	24.27	17.49
Inventory Days	44.32	78.47	89.44	93.91	130.17	135.08	87.49	84.35	129.89	95.15	136.61	134.06
Days Payable	139.28	108.81	108.02	112.10	141.19	122.08	84.38	100.36	86.72	37.57	49.55	51.62
Cash Conversion Cycle	-33.83	29.89	28.30	18.67	35.43	69.37	36.29	19.55	64.41	86.29	111.34	99.93
Working Capital Days	-2.22	-13.93	19.19	11.78	39.88	69.24	39.18	72.85	90.79	114.38	150.20	182.54
ROCE %	17.18%	11.40%	9.09%	5.49%	4.06%	3.60%	4.93%	5.40%	13.03%	13.57%	17.34%	21.78%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	40.76%	40.76%	40.76%	40.76%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%
	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%
	46.69%	46.69%	46.69%	46.69%	46.69%	46.67%	46.68%	46.69%	46.68%	46.68%	46.69%	46.69%
No. of Shareholders	2,380	2,374	2,397	2,413	2,434	2,449	2,503	2,521	2,529	2,536	2,591	2,643

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	37.87%	40.76%	40.76%	40.76%	40.76%	40.76%	40.77%	40.77%	40.77%
	13.34%	12.68%	12.68%	12.68%	12.55%	12.55%	12.55%	12.55%	12.55%
	48.79%	46.56%	46.56%	46.56%	46.69%	46.69%	46.68%	46.69%	46.69%
No. of Shareholders	2,479	2,475	2,490	2,204	2,251	2,397	2,503	2,591	2,643

* 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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JSL Industries Ltd

JSL Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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