Jetmall Spices and Masala Ltd

Jetmall Spices and Masala Ltd

₹ 9.80 -0.91%
05 Nov - close price
About

Incorporated in 2012, Jetmall Spices & Masala Ltd manufactures & trades food and processed foods[1]

Key Points

Business Overview:[1]
Company does trading in Spices, Masala, Food Grains and Kirana products. It operates with its large format high street exclusive showrooms located at chennai and has also launched its own ecommerce website www.habiton.in to cater to the B2C segment

  • Market Cap 5.87 Cr.
  • Current Price 9.80
  • High / Low 22.0 / 7.65
  • Stock P/E 587
  • Book Value 16.3
  • Dividend Yield 0.00 %
  • ROCE 0.72 %
  • ROE 0.41 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.60 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -50.4% over past five years.
  • Promoter holding is low: 20.1%
  • Company has a low return on equity of 1.41% over last 3 years.
  • Company has high debtors of 1,039 days.
  • Promoter holding has decreased over last 3 years: -39.1%
  • Working capital days have increased from 1,483 days to 2,371 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.

Peer comparison

Sector: Retail Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
9.86 9.24 2.00 2.33 0.68 0.83 2.81 0.56 0.75 0.36
9.83 8.33 2.82 2.92 0.28 0.83 2.70 0.61 0.77 0.35
Operating Profit 0.03 0.91 -0.82 -0.59 0.40 0.00 0.11 -0.05 -0.02 0.01
OPM % 0.30% 9.85% -41.00% -25.32% 58.82% 0.00% 3.91% -8.93% -2.67% 2.78%
0.01 0.02 0.00 0.00 0.17 0.00 0.31 0.08 0.10 0.00
Interest 0.70 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.03 0.01 0.01 0.00 0.02 0.00 0.03 0.02 0.03 0.03
Profit before tax -0.69 0.90 -0.83 -0.59 0.55 0.00 0.39 0.01 0.05 -0.02
Tax % 0.00% 0.00% 0.00% 0.00% -7.27% 25.64% 0.00% 40.00% 0.00%
-0.69 0.90 -0.83 -0.59 0.59 0.00 0.29 0.01 0.03 -0.02
EPS in Rs -1.97 2.57 -2.37 -0.98 0.98 0.00 0.48 0.02 0.05 -0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 7m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 0.00 23.71 42.61 44.68 50.32 43.44 39.14 11.23 3.01 3.64 1.31 1.11
0.00 0.00 23.67 42.28 44.02 49.05 42.34 38.09 11.13 3.17 3.53 1.37 1.12
Operating Profit 0.00 0.00 0.04 0.33 0.66 1.27 1.10 1.05 0.10 -0.16 0.11 -0.06 -0.01
OPM % 0.17% 0.77% 1.48% 2.52% 2.53% 2.68% 0.89% -5.32% 3.02% -4.58% -0.90%
0.00 0.00 0.02 0.02 0.08 0.01 0.01 0.02 0.02 0.14 0.31 0.18 0.10
Interest 0.00 0.00 0.00 0.12 0.51 0.88 0.83 0.84 0.02 0.00 0.00 0.01 0.00
Depreciation 0.00 0.00 0.00 0.04 0.03 0.04 0.03 0.03 0.02 0.02 0.03 0.05 0.06
Profit before tax 0.00 0.00 0.06 0.19 0.20 0.36 0.25 0.20 0.08 -0.04 0.39 0.06 0.03
Tax % 33.33% 31.58% 25.00% 30.56% 28.00% 30.00% 25.00% -100.00% 25.64% 33.33%
0.00 0.00 0.04 0.12 0.15 0.26 0.18 0.15 0.05 0.01 0.29 0.04 0.01
EPS in Rs 0.00 0.00 0.12 0.35 0.43 0.74 0.51 0.43 0.14 0.02 0.48 0.07 0.02
Dividend Payout % 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: %
5 Years: -50%
3 Years: -51%
TTM: -67%
Compounded Profit Growth
10 Years: %
5 Years: -26%
3 Years: -7%
TTM: -97%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -18%
1 Year: -57%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 1%
Last Year: 0%

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 Sep 2024
Equity Capital 0.02 0.02 3.43 3.43 3.50 3.50 3.50 3.50 3.50 5.99 5.99 5.99 5.99
Reserves 0.00 0.00 0.04 0.16 0.31 0.57 0.74 0.89 0.94 3.43 3.73 3.77 3.76
0.00 0.00 0.00 1.56 4.41 6.03 8.63 2.63 0.25 0.40 0.00 0.00 0.00
0.00 0.00 6.02 10.83 7.81 7.28 7.02 1.83 0.24 0.14 0.58 0.19 0.03
Total Liabilities 0.02 0.02 9.49 15.98 16.03 17.38 19.89 8.85 4.93 9.96 10.30 9.95 9.78
0.00 0.00 0.00 0.22 0.19 0.20 0.17 0.15 0.13 0.26 0.36 0.56 0.60
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.02 0.02 9.49 15.76 15.84 17.18 19.72 8.70 4.80 9.70 9.94 9.39 9.18
Total Assets 0.02 0.02 9.49 15.98 16.03 17.38 19.89 8.85 4.93 9.96 10.30 9.95 9.78

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
0.00 0.00 0.00 0.00 0.00 5.36 2.00 -5.29 0.19 0.70
0.00 0.00 0.00 0.00 0.00 0.01 0.02 -0.01 0.18 -0.07
0.00 0.00 0.00 0.00 0.00 -6.89 -2.40 5.13 -0.40 0.00
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 -1.52 -0.38 -0.17 -0.02 0.63

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 138.09 82.66 96.40 106.48 109.65 44.20 112.46 84.88 262.72 1,039.27
Inventory Days 5.49 49.36 30.37 18.74 39.04 31.74 31.54 49.36 12.01 170.65
Days Payable 93.37 94.91 65.91 56.15 61.10 18.04 4.61 16.89 61.23 75.84
Cash Conversion Cycle 50.21 37.12 60.86 69.08 87.59 57.91 139.39 117.36 213.49 1,134.08
Working Capital Days 51.88 39.92 63.88 71.23 88.65 58.19 140.73 1,145.93 931.55 2,371.11
ROCE % 0.00% 3.44% 7.19% 10.62% 13.54% 9.40% 10.46% 1.71% -0.14% 3.99% 0.72%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
59.25% 59.25% 59.95% 21.61% 21.31% 21.31% 20.11% 20.11%
40.75% 40.75% 40.05% 78.39% 78.70% 78.69% 79.89% 79.90%
No. of Shareholders 188170161190197193204209

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