Jaiprakash Associates Ltd

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Jaiprakash Associates Ltd

₹ 10.2 4.91%
28 Jun - close price
jalindia.com BSE: 532532 NSE: JPASSOCIAT
About

Jaiprakash Associates Limited is a Noida based Construction company mainly engaged in the business of Engineering & Construction, Manufacturing of Cement, Power, Real Estate Development, Hotel/ Hospitality, Sports, etc. [1]

Key Points

Revenue Segments FY22
Fertilisers: 37%
Construction: 33.5%
Cement: 22%
Real Estate/ Infrastructure Revenue: 4%
Hotel & Hospitality Revenue: 3%
Others: 0.5% [1]

Website BSE NSE - BE
  • Market Cap ₹ 2,516 Cr.
  • Current Price ₹ 10.2
  • High / Low ₹ 27.2 / 7.50
  • Stock P/E
  • Book Value ₹ 15.0
  • Dividend Yield 0.00 %
  • ROCE 3.22 %
  • ROE -15.3 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.68 times its book value
  • Company's working capital requirements have reduced from 247 days to 83.5 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.3% over past five years.
  • Promoter holding is low: 30.0%
  • Company has a low return on equity of -16.3% over last 3 years.
  • Contingent liabilities of Rs.7,682 Cr.
  • Company has high debtors of 209 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -8.50%

* 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: Construction Industry: Construction

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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
2,006 980 1,022 1,082 856 837 1,082 984 1,191 689 1,214 710 935
1,287 937 1,054 1,075 1,060 816 1,084 856 968 645 1,164 653 793
Operating Profit 719 43 -32 7 -204 21 -2 127 223 44 50 57 142
OPM % 36% 4% -3% 1% -24% 3% -0% 13% 19% 6% 4% 8% 15%
129 83 117 39 -25 -77 56 -33 -295 41 34 -228 -507
Interest 194 205 222 251 213 246 272 241 143 194 229 243 247
Depreciation 91 94 105 94 61 59 92 59 58 59 60 59 58
Profit before tax 564 -173 -242 -299 -502 -361 -310 -205 -274 -168 -206 -473 -669
Tax % 1% -2% -1% -2% -1% -1% -1% -3% -1% -2% -1% -2% -1%
560 -177 -244 -306 -506 -363 -312 -212 -275 -172 -208 -482 -674
EPS in Rs 2.29 -0.72 -0.99 -1.24 -2.06 -1.48 -1.27 -0.86 -1.12 -0.70 -0.85 -1.97 -2.75
Raw PDF

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
13,335 13,116 11,050 8,656 6,219 6,049 6,833 4,619 4,343 2,967 3,955 3,548
9,943 9,737 8,746 7,786 6,224 4,942 6,192 4,362 3,604 3,072 3,519 3,255
Operating Profit 3,392 3,379 2,304 870 -5 1,107 642 257 739 -105 436 293
OPM % 25% 26% 21% 10% -0% 18% 9% 6% 17% -4% 11% 8%
188 597 376 -188 -340 760 -272 89 164 -2 -449 -660
Interest 2,104 2,863 3,563 3,757 3,623 1,009 748 825 771 856 901 913
Depreciation 726 774 949 914 878 507 395 412 389 254 235 237
Profit before tax 751 340 -1,832 -3,989 -4,845 352 -774 -891 -257 -1,217 -1,150 -1,516
Tax % 33% -22% 30% 29% 10% 0% 0% -0% -6% -1% -1% -1%
501 414 -1,279 -2,821 -4,362 352 -774 -893 -271 -1,232 -1,162 -1,536
EPS in Rs 2.26 1.87 -5.26 -11.60 -17.93 1.45 -3.18 -3.67 -1.11 -5.02 -4.73 -6.26
Dividend Payout % 22% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -12%
5 Years: -12%
3 Years: -7%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: -37%
3 Years: %
TTM: 28%
Stock Price CAGR
10 Years: -18%
5 Years: 27%
3 Years: -7%
1 Year: 29%
Return on Equity
10 Years: -14%
5 Years: -12%
3 Years: -16%
Last Year: -15%

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 444 444 486 486 486 486 486 486 489 491 491 491
Reserves 12,889 13,253 17,909 11,438 7,072 9,845 8,267 7,369 7,130 5,898 4,740 3,201
24,343 28,164 30,886 27,765 25,587 6,409 6,186 6,443 6,451 6,464 4,059 3,323
8,318 6,991 7,788 9,925 13,309 19,656 22,881 24,233 25,736 27,901 32,196 32,745
Total Liabilities 45,993 48,852 57,069 49,614 46,455 36,396 37,821 38,532 39,806 40,753 41,486 39,760
13,158 14,862 17,746 6,683 6,449 6,715 7,098 6,778 6,420 6,347 3,177 3,004
CWIP 5,801 4,981 4,324 1,652 1,789 1,201 472 479 516 49 50 111
Investments 8,890 10,369 10,303 7,799 7,196 7,511 7,431 7,425 7,398 7,324 6,933 6,319
18,145 18,640 24,696 33,480 31,021 20,970 22,820 23,849 25,473 27,034 31,325 30,326
Total Assets 45,993 48,852 57,069 49,614 46,455 36,396 37,821 38,532 39,806 40,753 41,486 39,760

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
1,521 263 1,011 3,892 3,507 51 382 296 269 3 252 974
-3,094 -1,638 -105 519 -491 11,887 45 -28 -28 37 9 278
1,893 943 -858 -4,762 -3,001 -11,890 -571 -241 -96 -105 -306 -853
Net Cash Flow 320 -432 49 -351 15 48 -144 27 144 -65 -46 400

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 69 82 122 101 77 70 56 77 155 280 184 209
Inventory Days 355 307 1,360 1,386 4,410 3,044 2,048 4,884 6,128 596
Days Payable 286 232 366 264 781 990 642 1,603 1,891 207
Cash Conversion Cycle 138 157 1,116 1,223 3,706 2,125 1,462 3,359 4,392 280 184 598
Working Capital Days 110 88 174 746 -153 206 126 137 270 405 252 84
ROCE % 8% 7% 3% 0% -2% 3% 2% -1% 4% 0% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.21% 38.12% 38.30% 38.17% 38.17% 38.17% 38.16% 38.07% 37.74% 37.71% 29.97% 29.97%
0.98% 0.87% 0.92% 1.10% 1.13% 1.20% 1.07% 0.97% 0.57% 0.89% 0.98% 2.08%
1.75% 1.75% 1.75% 1.74% 1.69% 1.70% 1.32% 1.28% 1.28% 1.33% 9.24% 9.15%
0.82% 0.81% 0.81% 0.81% 0.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
58.25% 58.45% 58.22% 58.19% 58.20% 58.94% 59.46% 59.68% 60.39% 60.07% 59.81% 58.80%
No. of Shareholders 6,08,4346,08,7796,09,9216,13,8736,34,4196,21,2316,19,6136,07,6706,00,8415,84,0295,92,2826,04,623

* 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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