JMC Projects (India) Ltd

JMC Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JMC Projects (India) Ltd

₹ 119 -3.57%
10 Jan 2023
jmcprojects.com BSE: 522263 NSE: JMCPROJECT
About

Established in 1986, JMC Projects (India) Ltd is a construction company under Kalpataru Group primarily engaged in EPC and BOOT projects. The Co. has constructed landmark highways, flyovers, townships, hospitals, industrial units, power plants, etc. across the country. [1][2]

Key Points

Business Segments
Engineering Procurement & Construction(EPC): The Co. delivers end-to-end services catering to Engineering, Procurement, and Construction solutions in the field of Infrastructure, Metros, Buildings, factory projects, etc.
General Contracting: The Co. undertakes single-point responsibility of core and shell construction along with internal infrastructure finishes, MEP, and other specialized services (BMS, Elevators, Landscaping, etc.).
Conventional Contracting: The Co. practices Conventional Contracting for civil & structural construction of core-and-shell of the project, without covering, general infrastructure, finishes, MEP, and other services.
BOOT/PPP Concessions: The Co. participates in the Public-Private Partnership (PPP) model and undertakes large-scale projects on Build-Own-Operate-Transfer (BOOT) basis and its other variants. [1]

Website BSE NSE
  • Market Cap ₹ 1,996 Cr.
  • Current Price ₹ 119
  • High / Low ₹ /
  • Stock P/E 15.2
  • Book Value ₹ 32.9
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 22.9 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 345%

Cons

  • Stock is trading at 3.61 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.70% over last 3 years.
  • Contingent liabilities of Rs.1,436 Cr.

* 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: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
977 966 976 498 843 1,111 1,392 1,161 1,362 1,391 1,605 1,672 1,841
858 840 928 462 752 991 1,232 1,064 1,301 1,284 1,443 1,514 1,659
Operating Profit 119 126 49 36 91 120 161 97 61 107 162 157 182
OPM % 12% 13% 5% 7% 11% 11% 12% 8% 4% 8% 10% 9% 10%
9 5 9 5 6 6 11 5 -9 -28 23 7 7
Interest 65 65 66 62 64 63 62 60 61 64 65 62 70
Depreciation 36 41 44 41 44 47 48 49 51 54 53 53 55
Profit before tax 27 26 -52 -62 -12 15 62 -7 -60 -39 67 49 63
Tax % 47% 20% 5% -16% 54% 82% 33% 48% -98% -26% 13% 36% 27%
14 21 -55 -52 -18 3 41 -10 -1 -29 58 31 47
EPS in Rs 0.86 1.25 -3.26 -3.11 -1.08 0.16 2.47 -0.60 -0.09 -1.71 3.48 1.87 2.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,378 2,065 2,542 2,664 2,470 2,544 2,472 2,888 3,407 3,866 3,844 5,519 6,508
1,261 1,917 2,427 2,528 2,260 2,279 2,160 2,519 2,958 3,423 3,407 5,037 5,901
Operating Profit 117 148 115 136 210 265 312 369 449 444 438 482 607
OPM % 8% 7% 5% 5% 8% 10% 13% 13% 13% 11% 11% 9% 9%
4 11 7 9 13 8 -21 17 24 27 25 -14 9
Interest 34 54 62 87 168 241 236 236 247 282 279 300 261
Depreciation 40 47 55 61 65 89 87 100 110 155 181 207 215
Profit before tax 48 58 6 -3 -11 -56 -32 50 115 33 3 -39 141
Tax % 25% 22% -39% 225% 131% 18% 34% 47% 34% 96% 864% -147%
35 45 9 -11 -24 -66 -43 27 77 1 -26 18 108
EPS in Rs 2.11 2.69 0.51 -0.63 -1.45 -3.95 -2.56 1.60 4.56 0.07 -1.56 1.08 6.41
Dividend Payout % 15% 12% 30% -25% -11% -5% -12% 38% 15% 988% -45% 92%
Compounded Sales Growth
10 Years: 10%
5 Years: 17%
3 Years: 17%
TTM: 29%
Compounded Profit Growth
10 Years: 10%
5 Years: 36%
3 Years: 14%
TTM: 180%
Stock Price CAGR
10 Years: 14%
5 Years: 4%
3 Years: 7%
1 Year: %
Return on Equity
10 Years: 1%
5 Years: 7%
3 Years: 6%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 26 26 26 26 26 34 34 34 34 34 34 34 34
Reserves 346 385 390 425 391 497 448 468 536 505 456 493 519
187 461 906 1,507 2,005 1,705 1,597 1,689 1,668 1,746 1,699 1,796 1,872
699 592 685 940 1,120 1,683 1,914 2,334 2,769 2,950 3,332 3,821 4,349
Total Liabilities 1,259 1,465 2,008 2,898 3,542 3,918 3,992 4,524 5,007 5,235 5,521 6,144 6,773
228 274 257 679 2,023 2,072 2,058 2,078 2,122 2,186 2,154 2,168 2,286
CWIP 46 245 875 1,047 32 0 10 4 7 15 19 21 27
Investments 38 7 7 9 11 23 0 0 0 0 0 0 0
948 940 869 1,164 1,477 1,822 1,924 2,442 2,877 3,034 3,348 3,955 4,460
Total Assets 1,259 1,465 2,008 2,898 3,542 3,918 3,992 4,524 5,007 5,235 5,521 6,144 6,773

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
64 34 293 92 73 337 451 392 336 479 640 468
-120 -267 -652 -661 -380 -322 -120 -164 -189 -299 -217 -342
74 219 376 561 302 -42 -341 -99 -220 -206 -303 -176
Net Cash Flow 19 -13 16 -9 -5 -27 -10 129 -74 -26 120 -50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 134 53 17 35 60 94 98 92 99 86 90 67
Inventory Days 112 101 93 102 110 67 78 63 64 50 52 41
Days Payable 276 191 212 241 265 290 323 269 311 252 294 204
Cash Conversion Cycle -30 -38 -102 -104 -95 -129 -148 -115 -148 -116 -153 -96
Working Capital Days 68 35 13 32 67 79 95 89 85 57 69 51
ROCE % 17% 16% 6% 5% 7% 8% 9% 13% 16% 14% 13% 14%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
67.36% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75%
0.50% 0.29% 0.25% 0.25% 0.24% 0.53% 0.93% 1.05% 1.00% 0.98% 1.04% 0.86%
18.49% 17.04% 17.06% 16.61% 16.47% 16.38% 16.77% 17.30% 19.37% 19.42% 19.12% 19.84%
13.65% 14.92% 14.94% 15.38% 15.54% 15.34% 14.55% 13.90% 11.88% 11.84% 12.09% 11.55%
No. of Shareholders 12,39616,43518,91920,12819,73918,96220,56924,46022,63523,30423,43722,769

* 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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