Jindal Worldwide Ltd

₹ 374 -1.58%

22 Jul 4:01 p.m.

jindaltextiles.com BSE: 531543 NSE: JINDWORLD

About

Jindal Worldwide Ltd is engaged in the Textiles Sector and the main business activities are related to the manufacturing of Denim fabric, premium shirtings, yarn dyeing, bottom weights and home textiles through its various internal divisions ^[1]

Key Points

Leading Denim Manufacturer
Founded in 1986 by Dr Yamunadutt Agrawal, Jindal Worldwide Ltd is a diversified and integrated textile fabric and shirting manufacturer and is Asia’s largest fully integrated manufacturer of denim fabric. JWL is the flagship company of the Ahmedabad-based Jindal Group. ^[1]

Website BSE NSE

Market Cap ₹ 7,594 Cr.
Current Price ₹ 374
High / Low ₹ 440 / 268
Stock P/E 108
Book Value ₹ 35.4
Dividend Yield 0.05 %
ROCE 9.74 %
ROE 10.3 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 21.8% CAGR over last 5 years

Cons

Stock is trading at 10.7 times its book value
Promoter holding has decreased over last quarter: -1.00%
The company has delivered a poor sales growth of -2.53% over past five years.
Company might be capitalizing the interest cost
Debtor days have increased from 85.8 to 103 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: Textiles Industry: Textiles - Products

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Detailed Comparison with:

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
	647	519	615	692	758	670	499	414	566	418	400	446	595
	623	479	567	634	693	600	443	374	518	384	373	404	552
Operating Profit	24	41	49	58	65	70	57	40	49	34	27	42	43
OPM %	4%	8%	8%	8%	9%	10%	11%	10%	9%	8%	7%	9%	7%
	19	1	3	1	1	2	1	2	0	0	0	0	1
Interest	10	11	11	11	12	11	13	11	8	10	7	9	6
Depreciation	7	7	7	7	7	7	7	7	7	5	5	5	5
Profit before tax	27	23	33	41	47	55	38	25	34	19	15	28	33
Tax %	34%	25%	25%	25%	25%	26%	20%	30%	26%	29%	20%	25%	29%
	18	18	25	31	35	41	31	17	26	14	12	21	23
EPS in Rs	0.88	0.88	1.23	1.55	1.75	2.03	1.52	0.86	1.28	0.67	0.61	1.05	1.16
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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
	604	780	840	1,008	1,157	1,643	2,114	2,017	1,710	2,584	2,149	1,859
	559	710	752	868	1,020	1,463	1,983	1,878	1,596	2,372	1,931	1,713
Operating Profit	45	70	88	140	138	180	130	139	114	212	218	147
OPM %	7%	9%	10%	14%	12%	11%	6%	7%	7%	8%	10%	8%
	2	3	4	1	28	8	6	7	25	5	1	2
Interest	22	23	24	43	36	52	56	60	48	45	42	33
Depreciation	6	18	32	47	49	51	41	44	28	28	25	21
Profit before tax	18	32	35	51	81	85	40	43	62	145	152	95
Tax %	33%	21%	24%	21%	18%	31%	33%	25%	29%	25%	25%	27%
	12	25	27	40	66	58	26	32	44	109	114	70
EPS in Rs	0.61	1.25	1.33	2.01	3.31	2.91	1.32	1.60	2.20	5.41	5.69	3.49
Dividend Payout %	8%	4%	4%	2%	2%	2%	4%	3%	7%	2%	4%	6%

Compounded Sales Growth
10 Years:	9%
5 Years:	-3%
3 Years:	3%
TTM:	-13%

Compounded Profit Growth
10 Years:	11%
5 Years:	22%
3 Years:	33%
TTM:	-39%

Stock Price CAGR
10 Years:	40%
5 Years:	41%
3 Years:	69%
1 Year:	18%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	17%
Last Year:	10%

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	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	95	119	152	192	251	300	326	356	400	514	627	690
	158	310	349	342	372	471	433	516	438	599	597	672
	111	152	144	165	166	292	326	204	146	131	178	139
Total Liabilities	384	601	665	719	810	1,083	1,104	1,096	1,004	1,264	1,422	1,521
	154	295	349	337	298	274	324	285	215	192	172	174
CWIP	2	4	12	0	25	27	0	0	1	0	3	0
Investments	7	7	7	6	6	25	34	23	14	23	38	45
	221	295	297	377	480	758	746	788	774	1,050	1,209	1,302
Total Assets	384	601	665	719	810	1,083	1,104	1,096	1,004	1,264	1,422	1,521

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
	40	-1	97	99	8	29	169	65	71	-109	344	-25
	-61	-159	-92	-20	-10	-43	-72	9	70	-3	-23	-21
	19	144	18	-100	-0	23	-98	-72	-128	112	-47	38
Net Cash Flow	-2	-15	22	-21	-2	8	-1	1	14	-0	274	-9

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	36	42	37	64	67	87	62	77	80	70	85	103
Inventory Days	63	90	76	70	58	93	62	57	80	48	68	78
Days Payable	72	69	52	77	51	88	66	34	34	21	36	29
Cash Conversion Cycle	27	62	62	57	74	92	58	100	126	97	117	151
Working Capital Days	55	75	67	67	94	93	64	100	129	127	124	173
ROCE %	16%	15%	12%	18%	15%	19%	12%	12%	10%	19%	16%	10%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	61.27%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.31%	61.31%	60.31%	60.31%
	0.02%	0.06%	0.13%	0.13%	0.13%	0.12%	0.08%	0.03%	0.63%	0.46%	0.03%	0.04%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%
	38.70%	38.62%	38.54%	38.55%	38.53%	38.55%	38.59%	38.64%	38.03%	38.21%	39.64%	39.62%
No. of Shareholders	9,290	12,795	15,537	14,525	13,518	12,001	11,870	11,635	12,731	14,260	13,624	13,337

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	61.05%	61.15%	61.15%	61.15%	61.15%	61.32%	61.32%	60.31%	60.31%
	0.00%	0.27%	0.16%	0.04%	0.00%	0.13%	0.08%	0.03%	0.04%
	0.00%	0.07%	0.03%	2.79%	0.00%	0.00%	0.02%	0.02%	0.02%
	38.95%	38.51%	38.66%	36.02%	38.85%	38.54%	38.59%	39.64%	39.62%
No. of Shareholders	1,677	2,874	3,140	2,976	4,158	15,537	11,870	13,624	13,337

* 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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