Jindal Poly Investment & Finance Company Ltd

Jindal Poly Investment & Finance Company Ltd

₹ 1,017 -0.99%
22 Nov - close price
About

Incorporated in 2012, Jindal Poly Investment and Finance Company Ltd is in the business of investment and holding investment mainly in its group companies[1]

Key Points

Business Overview:[1]
a) Company is a Non Systematically Important Non Deposit Taking Non Banking Financial Corporation
b) Company runs its business as a Core Investment Company and for that purpose it plans to invest in, acquire, subscribe for and hold shares, bonds, units, stocks, securities, debentures in group Companies and/or mutual funds
c) Company is required to invest at least ~90% of its net assets in group companies, of which at least 60% should be in the form of equity investments
d) Investments outside the group can only be made in specified short term securities like money market instruments
e) Company depends on the dividends and capital appreciation from the equity it has invested into.
f) Company holds major investment in Power Sector

  • Market Cap 1,068 Cr.
  • Current Price 1,017
  • High / Low 1,135 / 598
  • Stock P/E 2.70
  • Book Value 2,611
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.39 times its book value
  • Company has delivered good profit growth of 34.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.362 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
481 620 1,134 677 732 813 905 7 7 7 14 8 8
192 493 461 429 497 580 511 0 0 0 0 0 0
Operating Profit 289 127 673 248 235 233 395 7 7 7 14 8 8
OPM % 60% 21% 59% 37% 32% 29% 44% 99% 99% 99% 99% 99% 99%
358 5 -256 14 1 13 8 35 48 95 85 49 133
Interest 33 39 32 31 32 20 32 0 0 0 0 0 0
Depreciation 29 45 150 72 72 72 64 -0 -0 -0 -0 -0 -0
Profit before tax 584 49 235 159 132 154 307 42 55 102 99 57 141
Tax % 5% 65% 14% 29% 59% 32% 26% 1% 1% 1% 0% 1% 1%
561 17 202 113 54 104 227 42 54 101 98 56 140
EPS in Rs 286.68 8.61 138.35 74.92 -5.67 47.57 150.57 39.52 51.84 96.13 93.69 53.23 133.01
Raw PDF

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 TTM
25 8 0 0 1,491 242 1 1 1 2,477 3,125 36 37
0 0 1 1 1,283 353 185 64 -21 1,170 1,996 0 0
Operating Profit 25 8 -0 -1 208 -111 -184 -63 22 1,307 1,129 36 37
OPM % 100% 96% -54% -750% 14% -46% -17,712% -6,145% 2,058% 53% 36% 99% 99%
-0 -0 0 -0 53 -316 -19 -0 -0 564 17 264 362
Interest -0 0 -0 -0 738 206 41 46 53 109 114 1 1
Depreciation -0 -0 -0 -0 174 34 -0 -0 -0 225 280 -0 0
Profit before tax 25 8 -0 -1 -651 -667 -244 -110 -31 1,537 751 298 398
Tax % 2% 5% 7% 5% -33% -8% 0% 0% 0% 6% 34% 1%
4 -13 -19 -20 -435 -700 -244 -110 -31 1,443 498 296 395
EPS in Rs -12.14 -17.63 -19.45 -377.53 -665.65 -129.02 -89.32 -15.21 756.67 267.40 281.18 376.06
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 16%
5 Years: 103%
3 Years: 224%
TTM: -98%
Compounded Profit Growth
10 Years: 38%
5 Years: 34%
3 Years: 174%
TTM: 29%
Stock Price CAGR
10 Years: 25%
5 Years: 147%
3 Years: 36%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 12%

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 Sep 2024
Equity Capital 0.05 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 622 598 580 559 52 -59 -112 -206 -210 2,445 2,346 2,642 2,734
-0 -0 -0 -0 5,822 630 460 472 726 1,628 27 27 27
4 0 0 0 1,838 64 138 169 -19 3,287 38 42 44
Total Liabilities 625 609 590 570 7,722 645 497 446 508 7,371 2,422 2,721 2,816
5 4 4 4 6,606 9 9 9 9 5,836 -0 -0 -0
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 592 578 560 540 94 403 421 384 446 55 2,422 2,721 2,815
27 27 27 26 1,022 233 67 52 52 1,480 0 0 0
Total Assets 625 609 590 570 7,722 645 497 446 508 7,371 2,422 2,721 2,816

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
-3 -1 -1 761 -1 -0 -2 0 712 1,085 -1
4 -0 0 60 -18 1 2 -1 -80 -339 1
-0 -0 -0 -802 -0 -0 -0 -0 -352 -1,026 -0
Net Cash Flow 1 -1 -0 19 -19 1 -0 -0 280 -280 0

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 -0 -0 -0 -0 17 0 60 60 -0 69 -0 -0
Inventory Days 37 -0 182 -0
Days Payable 232 212
Cash Conversion Cycle -0 -0 -0 -0 -179 0 60 60 -0 39 -0 -0
Working Capital Days 303 1,027 23,840 103,797 -299 -156 -108,931 -131,772 -68,792 -58 -0 -18
ROCE % 1% -0% -0% 2% -8% -49% -53% 12% 41% 21% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63%
0.01% 0.00% 0.00% 0.04% 0.06% 0.02% 0.02% 0.02% 0.05% 0.12% 0.10% 0.13%
0.00% 0.00% 0.00% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44%
25.36% 25.37% 25.37% 24.89% 24.86% 24.90% 24.91% 24.90% 24.87% 24.81% 24.83% 24.80%
No. of Shareholders 17,97818,55918,49218,32418,33618,04318,37818,62118,95518,58318,26018,382

* 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.

Click on the line-items to see the names of individual entities.

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