Jhandewalas Foods Ltd

Jhandewalas Foods Ltd

₹ 70.9 -5.00%
22 Nov - close price
About

Jhandewalas Foods is engaged in the product portfolio includes Desi Ghee, poha, mangodi, papad, kesar under brand name Namans and Cow Ghee under brand name Godhenu. Porridge, nachos & pasta under brand name Yumm Yoo. Refined groundnut oil under brand name Polki.

Key Points

Product Portfolio[1] Buffalo Ghee, Cow Ghee, A2 Gir Cow Ghee, Premium Buffalo Ghee, Kesar (“Saffron”), Poha (“Flattened rice”), Mangodi, Papad, Refined Groundnut Qil, Pasta, Varieties of Chutney, Chai (“Tea”) Masala and Poha Masala, Indian Spices, Chilla Pre Mix, Rava Idli Mix and many more.

  • Market Cap 94.0 Cr.
  • Current Price 70.9
  • High / Low 191 / 11.7
  • Stock P/E 12.0
  • Book Value 17.8
  • Dividend Yield 0.00 %
  • ROCE 78.2 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Debtor days have improved from 70.8 to 42.9 days.

Cons

  • The company has delivered a poor sales growth of -29.8% over past five years.
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.26.9 Cr.
  • Promoter holding has decreased over last 3 years: -14.9%

* 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: FMCG Industry: Food - Processing - Indian

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
81 21 50 8 20 14 18 5 8 10 16 30
97 24 70 14 32 16 22 7 10 12 19 27
Operating Profit -16 -3 -20 -5 -12 -2 -4 -2 -2 -1 -3 3
OPM % -20% -16% -40% -66% -61% -12% -22% -33% -22% -14% -17% 10%
0 1 0 0 0 0 2 -2 6 1 27 0
Interest 3 2 3 0 0 0 0 0 0 0 0 1
Depreciation 0 0 1 0 0 0 0 0 0 0 0 0
Profit before tax -19 -6 -24 -6 -13 -2 -2 -4 4 -0 24 2
Tax % -13% -0% 0% 0% 0% 0% 0% 0% 0% 0% 4% 0%
-17 -6 -24 -6 -13 -2 -2 -4 4 -0 23 2
EPS in Rs -16.35 -5.48 -23.13 -5.81 -12.29 -1.87 -2.12 -3.98 3.89 -0.29 22.08 1.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
48 88 140 143 148 178 155 48 28 32 13 26 46
48 87 137 137 140 167 160 70 46 37 16 29 46
Operating Profit 1 1 3 6 9 10 -5 -22 -18 -6 -3 -3 0
OPM % 2% 2% 2% 4% 6% 6% -3% -47% -63% -18% -24% -11% 1%
0 0 3 0 -0 0 -6 2 0 2 4 28 27
Interest 1 1 3 4 5 5 6 3 1 0 0 1 1
Depreciation 0 0 0 0 0 0 1 1 0 0 0 0 1
Profit before tax 0 0 2 2 4 5 -18 -24 -19 -4 -0 23 26
Tax % 33% 31% 23% 38% 39% 38% -12% 0% 0% 0% 0% -4%
0 0 2 1 2 3 -16 -24 -19 -4 -0 24 25
EPS in Rs 5.20 3.90 5.66 3.01 7.23 3.09 -15.47 -23.13 -18.10 -3.99 -0.09 23.61 23.96
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -30%
3 Years: -2%
TTM: 155%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 32%
TTM: 143%
Stock Price CAGR
10 Years: %
5 Years: 58%
3 Years: 60%
1 Year: 537%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.25 0.25 3 3 3 10 10 10 10 10 10 10 13
Reserves 2 2 7 8 10 22 6 -17 -36 -40 -40 -16 10
7 7 28 35 36 49 57 48 47 44 36 15 23
4 4 10 13 12 9 12 18 14 13 12 12 7
Total Liabilities 13 13 49 58 61 90 86 58 35 27 18 22 53
1 1 4 4 4 4 4 16 16 16 10 9 9
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
11 11 44 54 57 86 81 43 19 12 8 12 44
Total Assets 13 13 49 58 61 90 86 58 35 27 18 22 53

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 1 -1 5 -20 0 25 1 4 2 23
0 0 2 -0 -3 -2 -1 -11 -1 -1 6 0
0 0 -3 2 -3 23 1 -15 -1 -3 -8 -22
Net Cash Flow 0 0 -0 1 -1 1 0 -1 -0 0 -0 1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 13 59 79 76 95 119 211 148 88 81 43
Inventory Days 60 33 53 57 66 81 59 71 58 8 78 83
Days Payable 8 16 25 21 21 13 25 96 134 118 318 167
Cash Conversion Cycle 76 30 87 114 120 162 153 186 71 -22 -158 -42
Working Capital Days 56 30 88 106 108 148 146 128 63 -34 -123 -24
ROCE % 14% 13% 18% 15% -8% -36% -59% -34% 29% 78%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024Jun 2024Sep 2024
65.78% 65.78% 65.78% 65.78% 65.78% 65.78% 65.78% 65.78% 65.78% 65.78% 50.89% 50.89%
34.22% 34.22% 34.22% 34.22% 34.22% 34.22% 34.22% 34.22% 34.22% 34.22% 49.11% 49.10%
No. of Shareholders 578572570549555556556550550547631630

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