Jindal Worldwide Ltd

₹ 350 1.23%

03 Jul 9:09 a.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 ₹ 7,018 Cr.
Current Price ₹ 350
High / Low ₹ 440 / 268
Stock P/E 92.8
Book Value ₹ 35.9
Dividend Yield 0.06 %
ROCE 9.83 %
ROE 11.0 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 20.5% CAGR over last 5 years

Cons

Stock is trading at 9.68 times its book value
Promoter holding has decreased over last quarter: -1.00%
The company has delivered a poor sales growth of -3.89% over past five years.
Company might be capitalizing the interest cost
Debtor days have increased from 87.3 to 106 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	642	524	631	676	729	639	478	404	549	411	392	438	574
	618	482	582	617	663	565	416	361	492	368	357	387	518
Operating Profit	24	43	49	59	66	74	61	43	57	42	35	51	56
OPM %	4%	8%	8%	9%	9%	12%	13%	11%	10%	10%	9%	12%	10%
	19	1	4	1	0	1	1	2	0	0	0	1	1
Interest	11	11	11	11	12	12	13	14	13	15	11	15	9
Depreciation	7	8	8	8	8	7	8	9	9	8	8	8	8
Profit before tax	25	25	33	41	46	56	41	22	36	19	16	28	39
Tax %	36%	25%	25%	25%	25%	25%	20%	32%	25%	29%	22%	25%	28%
	16	19	25	31	35	42	33	15	27	14	13	21	28
EPS in Rs	0.81	0.94	1.25	1.53	1.72	2.08	1.63	0.74	1.32	0.68	0.64	1.05	1.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	779	837	1,008	1,157	1,650	2,212	2,199	1,700	2,559	2,070	1,814
	559	710	752	868	1,020	1,465	2,013	2,060	1,583	2,343	1,832	1,631
Operating Profit	45	69	85	140	138	184	199	139	116	216	238	183
OPM %	7%	9%	10%	14%	12%	11%	9%	6%	7%	8%	12%	10%
	3	4	7	1	28	8	7	7	25	5	1	2
Interest	22	23	25	43	36	54	74	61	49	45	52	49
Depreciation	6	18	32	47	49	53	88	45	29	30	34	34
Profit before tax	20	32	35	51	81	85	44	39	62	146	154	102
Tax %	31%	21%	24%	21%	18%	31%	30%	28%	29%	25%	25%	26%
	14	25	27	40	66	59	31	28	44	109	116	76
EPS in Rs	0.68	1.27	1.33	2.01	3.31	2.92	1.50	1.42	2.20	5.45	5.77	3.77
Dividend Payout %	7%	4%	4%	2%	2%	2%	3%	4%	7%	2%	3%	5%

Compounded Sales Growth
10 Years:	9%
5 Years:	-4%
3 Years:	2%
TTM:	-12%

Compounded Profit Growth
10 Years:	12%
5 Years:	21%
3 Years:	36%
TTM:	-35%

Stock Price CAGR
10 Years:	38%
5 Years:	39%
3 Years:	76%
1 Year:	13%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	17%
Last Year:	11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	153	192	251	300	330	356	400	516	630	699
	158	310	356	342	372	565	646	529	444	599	837	883
	115	157	139	166	167	367	410	208	149	109	190	138
Total Liabilities	389	607	667	720	811	1,252	1,405	1,112	1,013	1,244	1,677	1,741
	155	297	350	338	299	395	568	296	224	205	370	374
CWIP	2	4	12	0	25	27	0	0	6	0	9	5
Investments	8	6	5	5	5	3	4	20	11	19	24	22
	223	300	299	378	482	826	834	797	771	1,020	1,275	1,340
Total Assets	389	607	667	720	811	1,252	1,405	1,112	1,013	1,244	1,677	1,741

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	16	97	99	8	39	271	22	83	-104	306	5
	-61	-157	-91	-20	-10	-166	-118	215	65	-2	-212	-5
	19	125	17	-100	-0	140	-143	-250	-135	105	184	-8
Net Cash Flow	-2	-15	22	-21	-2	13	9	-13	13	-0	278	-8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	88	60	71	82	68	88	106
Inventory Days	63	90	76	70	58	93	65	52	82	50	86	92
Days Payable	72	69	52	77	51	113	85	31	34	17	41	30
Cash Conversion Cycle	27	62	62	57	74	68	40	91	130	102	133	167
Working Capital Days	53	74	67	66	94	91	55	92	128	127	138	182
ROCE %	17%	15%	12%	18%	15%	18%	12%	11%	10%	19%	16%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	61.15%	61.27%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.32%	61.31%	61.31%	60.31%
	0.00%	0.02%	0.06%	0.13%	0.13%	0.13%	0.12%	0.08%	0.03%	0.63%	0.46%	0.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.01%	0.02%
	38.85%	38.70%	38.62%	38.54%	38.55%	38.53%	38.55%	38.59%	38.64%	38.03%	38.21%	39.64%
No. of Shareholders	7,095	9,290	12,795	15,537	14,525	13,518	12,001	11,870	11,635	12,731	14,260	13,624

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

* 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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