Jindal Cotex Ltd
₹ 2.50
4.17%
28 Nov 2022
About
Incorporated in 1988, Jindal Cotex Ltd is engaged in manufacturing and sales of Textiles as well as generation and sale of energy from wind mill.
Key Points
- Market Cap ₹ 11.2 Cr.
- Current Price ₹ 2.50
- High / Low ₹ /
- Stock P/E 11.2
- Book Value ₹ 32.6
- Dividend Yield 0.00 %
- ROCE 1.10 %
- ROE 0.69 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.08 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -83.6% over past five years.
- Promoter holding is low: 21.1%
- Company has a low return on equity of -1.12% over last 3 years.
- Contingent liabilities of Rs.328 Cr.
- Company might be capitalizing the interest cost
- Promoters have pledged 93.9% of their holding.
- Earnings include an other income of Rs.15.4 Cr.
- Company has high debtors of 29,200 days.
- Working capital days have increased from 39,862 days to 1,19,355 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 296.42 | 263.96 | 103.99 | 3.02 | 5.46 | 35.92 | 83.90 | 32.78 | 27.87 | 15.22 | 2.44 | 0.01 | |
| 280.11 | 257.01 | 161.46 | 22.87 | 17.34 | 43.63 | 88.09 | 41.19 | 35.47 | 25.82 | 10.13 | 10.09 | |
| Operating Profit | 16.31 | 6.95 | -57.47 | -19.85 | -11.88 | -7.71 | -4.19 | -8.41 | -7.60 | -10.60 | -7.69 | -10.08 |
| OPM % | 5.50% | 2.63% | -55.26% | -657.28% | -217.58% | -21.46% | -4.99% | -25.66% | -27.27% | -69.65% | -315.16% | -100,800.00% |
| 24.16 | 1.25 | -75.70 | 0.67 | 6.85 | 6.50 | 22.29 | 30.43 | 8.97 | 118.90 | 21.37 | 15.38 | |
| Interest | 24.90 | 26.56 | 24.59 | 25.52 | 0.53 | 0.57 | 0.83 | 0.91 | 0.83 | 0.90 | 1.40 | 1.07 |
| Depreciation | 11.16 | 6.17 | 7.83 | 7.23 | 6.62 | 6.39 | 6.21 | 6.12 | 6.03 | 5.46 | 0.01 | 0.01 |
| Profit before tax | 4.41 | -24.53 | -165.59 | -51.93 | -12.18 | -8.17 | 11.06 | 14.99 | -5.49 | 101.94 | 12.27 | 4.22 |
| Tax % | 0.00% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 4.41 | -24.57 | -165.60 | -51.94 | -12.18 | -8.17 | 11.06 | 14.99 | -5.49 | 101.94 | 12.26 | 4.21 | |
| EPS in Rs | 0.98 | -5.46 | -36.80 | -11.54 | -2.71 | -1.82 | 2.46 | 3.33 | -1.22 | 22.65 | 2.72 | 0.94 |
| 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: | -64% |
| 5 Years: | -84% |
| 3 Years: | -93% |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 18% |
| 3 Years: | 30% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | 0% |
| 3 Years: | -4% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -25% |
| 5 Years: | -4% |
| 3 Years: | -1% |
| Last Year: | 1% |
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 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 |
| Reserves | 241.64 | 217.07 | 52.38 | 0.44 | -28.58 | -37.23 | -26.18 | -11.19 | -16.68 | 85.25 | 97.53 | 101.74 |
| 188.11 | 214.65 | 240.08 | 261.67 | 261.70 | 256.77 | 240.91 | 215.98 | 212.52 | 54.11 | 45.29 | 44.68 | |
| 48.20 | 18.19 | 19.73 | 23.33 | 18.88 | 24.14 | 16.09 | 10.24 | 10.80 | 17.48 | 5.71 | 3.57 | |
| Total Liabilities | 522.95 | 494.91 | 357.19 | 330.44 | 297.00 | 288.68 | 275.82 | 260.03 | 251.64 | 201.84 | 193.53 | 194.99 |
| 97.37 | 91.39 | 84.86 | 84.10 | 77.48 | 71.56 | 66.18 | 59.62 | 53.60 | 4.67 | 2.12 | 2.10 | |
| CWIP | 45.33 | 44.19 | 44.19 | 37.16 | 37.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 82.86 | 82.82 | 6.85 | 1.34 | 1.34 | 1.34 | 2.34 | 2.34 | 2.34 | 2.34 | 2.35 | 2.35 |
| 297.39 | 276.51 | 221.29 | 207.84 | 181.02 | 215.78 | 207.30 | 198.07 | 195.70 | 194.83 | 189.06 | 190.54 | |
| Total Assets | 522.95 | 494.91 | 357.19 | 330.44 | 297.00 | 288.68 | 275.82 | 260.03 | 251.64 | 201.84 | 193.53 | 194.99 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -15.96 | -17.59 | 153.59 | -51.08 | -5.26 | -5.47 | 9.65 | 17.48 | -4.00 | 104.89 | -3.60 | -10.29 | |
| 8.66 | -0.32 | -156.53 | 1.67 | 6.25 | 6.40 | 6.70 | 8.42 | 9.14 | 53.47 | 13.57 | 12.16 | |
| 6.98 | 17.22 | 3.41 | 46.40 | -0.51 | -1.10 | -16.69 | -25.84 | -4.29 | -159.31 | -10.03 | -1.77 | |
| Net Cash Flow | -0.32 | -0.69 | 0.47 | -3.01 | 0.49 | -0.17 | -0.34 | 0.07 | 0.85 | -0.96 | -0.06 | 0.10 |
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 | 97.87 | 92.40 | 71.08 | 993.48 | 617.69 | 110.35 | 59.64 | 83.96 | 89.84 | 136.93 | 329.10 | 29,200.00 |
| Inventory Days | 28.43 | 23.16 | 10.21 | 775.82 | 51.49 | 27.61 | 12.15 | 19.01 | 28.45 | 5.91 | 116.14 | |
| Days Payable | 53.06 | 5.81 | 39.61 | 1,665.41 | 762.56 | 195.59 | 70.32 | 135.14 | 185.24 | 313.52 | 3,135.68 | |
| Cash Conversion Cycle | 73.24 | 109.75 | 41.68 | 103.89 | -93.38 | -57.62 | 1.47 | -32.17 | -66.95 | -170.68 | -2,690.45 | 29,200.00 |
| Working Capital Days | 251.55 | 317.31 | 64.58 | 549.92 | 936.57 | 465.09 | 55.42 | 118.92 | 99.80 | -135.74 | 366.50 | 119,355.00 |
| ROCE % | 6.41% | 0.43% | -16.02% | -8.23% | -3.98% | -2.63% | -1.09% | -2.45% | -1.82% | -2.85% | 1.78% | 1.10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
6 Jul - Board of the Company at their meeting held today i.e., Saturday, 06th July, 2024 based on the recommendation of the Nomination & Remuneration Committee and …
- Board Meeting Outcome for Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 6 Jul
- Closure of Trading Window 27 Jun
-
Compliance Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015
30 May - Disclosure of Related Party Transactions on consolidated basis, in the format specified in the accounting standards for the half year ended 31.03.2024.
- Disclosure Under Regulation 30 & 33 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 Re: Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended 31St March, 2024 30 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Product Portfolio:[1]
Company processes Cotton (for Surgical usage) and polyester fiber from Yarn to sewing threads, Yarn to fabrics, Dyeing / finishing,
and then offers the same to its garment manufacturing buyers.
Company's product range includes –
a) 100% Cotton circular knitted Bleached White – silicon treated / Bio washed (both Optional), finished ready Cuttable fabrics
b) 100% Polyester semi Dull Spun yarns manufactured from Virgin fiber (count range Ne 20s – 40s)
c) Singles / multi-folds
d) End uses knitting and weaving
e) 100% Polyester Spun Sewing threads Bright SHT–RT (super high tenacity–reverse twist) counts
f) Optical White polyester yarns / sewing threads (on Order basis)