Jagatjit Industries Ltd

Jagatjit Industries Ltd

₹ 227 3.14%
22 Nov - close price
About

Incorporated in 1944, Jagatjit Industries Ltd manufactures and sells Liquor products and does job work for food products[1]

Key Points

Business Overview:[1]
JIL operates in the premium drinks segment and has the largest integrated distilleries manufacturing potable alcohol in Asia. It was the first in India to have in-house capabilities for producing molasses and non-molasses-based potable alcohol from fully automated distillation plants. The company manufactures and markets alcoholic beverages, malt, malt extract, nutritious planned food, milk powder, ghee, dairy products, and malted milk foods.

  • Market Cap 1,061 Cr.
  • Current Price 227
  • High / Low 310 / 144
  • Stock P/E
  • Book Value 13.9
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 9.20 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 16.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.24% over last 3 years.
  • Earnings include an other income of Rs.19.8 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
101.62 126.42 126.91 116.54 136.65 121.86 130.86 136.66 140.25 150.39 130.15 120.26 137.18
112.01 126.43 128.22 120.13 134.53 115.04 130.69 131.92 136.92 145.75 125.40 120.10 140.10
Operating Profit -10.39 -0.01 -1.31 -3.59 2.12 6.82 0.17 4.74 3.33 4.64 4.75 0.16 -2.92
OPM % -10.22% -0.01% -1.03% -3.08% 1.55% 5.60% 0.13% 3.47% 2.37% 3.09% 3.65% 0.13% -2.13%
18.60 5.89 19.37 9.02 8.98 8.01 16.31 6.96 7.96 4.96 6.05 4.47 4.27
Interest 7.36 7.21 7.27 7.33 7.42 8.25 7.51 6.60 6.47 6.50 6.47 6.64 6.99
Depreciation 2.55 2.45 2.55 2.51 2.54 2.50 2.46 2.46 2.44 2.48 2.37 2.31 2.34
Profit before tax -1.70 -3.78 8.24 -4.41 1.14 4.08 6.51 2.64 2.38 0.62 1.96 -4.32 -7.98
Tax % 0.00% 0.00% 0.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-1.73 -3.81 8.18 -4.44 1.14 4.02 6.42 2.64 2.38 0.62 1.96 -4.32 -7.98
EPS in Rs -0.37 -0.83 1.77 -0.96 0.25 0.87 1.39 0.57 0.51 0.13 0.42 -0.92 -1.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
993 936 831 688 485 364 286 221 400 443 507 557 538
966 935 843 706 572 407 339 287 388 456 502 539 531
Operating Profit 28 1 -11 -18 -87 -44 -53 -67 11 -13 6 17 7
OPM % 3% 0% -1% -3% -18% -12% -18% -30% 3% -3% 1% 3% 1%
19 3 -0 5 34 33 68 76 33 52 42 26 20
Interest 23 29 31 41 49 55 73 42 30 29 31 26 27
Depreciation 18 18 12 13 13 12 10 10 9 10 10 10 10
Profit before tax 7 -43 -56 -67 -114 -78 -67 -42 5 1 7 8 -10
Tax % 24% 6% -23% -2% 0% -5% -2% 18% 0% 6% 0% 0%
5 -45 -43 -66 -116 -75 -66 -45 5 0 7 8 -10
EPS in Rs 1.12 -9.83 -9.33 -14.25 -25.09 -16.16 -14.29 -9.66 1.06 0.10 1.54 1.63 -2.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: 14%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 13%
TTM: -161%
Stock Price CAGR
10 Years: 17%
5 Years: 50%
3 Years: 54%
1 Year: 12%
Return on Equity
10 Years: -31%
5 Years: -19%
3 Years: 6%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 46 46 46 46 46 46 46 46 46 46 46 47 47
Reserves 323 274 225 156 192 116 46 -1 5 6 19 29 18
212 219 265 290 285 330 285 211 217 217 223 271 373
267 258 285 257 258 277 285 256 231 229 215 268 263
Total Liabilities 848 797 821 749 781 769 662 512 498 499 502 615 701
354 334 309 299 454 443 411 391 390 387 380 378 376
CWIP 2 6 1 0 1 0 0 0 0 0 1 8 100
Investments 6 5 4 5 4 3 9 6 6 6 6 4 4
486 452 506 444 323 322 242 115 102 106 116 226 221
Total Assets 848 797 821 749 781 769 662 512 498 499 502 615 701

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-24 12 6 19 10 8 50 16 25 14 12 30
-29 -5 -22 2 30 20 65 33 -5 10 20 -66
20 -17 15 -19 -43 -22 -118 -48 -26 -28 -24 26
Net Cash Flow -34 -11 -1 1 -3 6 -2 1 -5 -4 9 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 82 85 103 100 106 135 102 47 19 26 18 24
Inventory Days 106 82 95 109 184 182 193 167 64 54 55 67
Days Payable 104 96 127 131 302 387 428 270 106 81 61 83
Cash Conversion Cycle 84 71 72 78 -12 -70 -133 -56 -24 -1 12 7
Working Capital Days 58 56 71 59 8 -56 -124 -201 -76 -51 -45 -41
ROCE % 3% -3% -4% -5% -13% -5% -1% -9% 12% 11% 13% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.72% 74.72% 74.72% 74.72% 74.72% 74.13% 88.02% 88.02% 88.02% 87.55% 87.34% 87.34%
10.12% 9.99% 10.01% 0.04% 0.04% 0.04% 0.01% 0.01% 0.01% 0.03% 0.01% 0.01%
15.16% 15.29% 15.26% 25.23% 25.23% 25.83% 11.95% 11.95% 11.94% 12.42% 12.66% 12.66%
No. of Shareholders 4,0844,1724,1634,2554,2104,2714,5846,0249,15511,74114,05213,546

* 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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