Jaysynth Dyestuff (India) Ltd

Jaysynth Dyestuff (India) Ltd

₹ 157 -1.56%
16 May 2024
About

Incorporated in 1985, Jaysynth Dyestuff (India) Ltd is in the business of manufacturing dyes, pigments and digital inks

Key Points

Product Profile:[1]
Company manufactures and deals in dyes, dyes intermediates, organic chemicals, textile auxiliaries, pigments, resins, plasticizers and emulsions viz.,
a) Dyestuff:[2] Reactive- Rectofix and Disperse - Terenix
b) Pigments:[3] Used in Coating, Ink, Plastic and Textile Industries
c) Digital Ink:[4] DiGiTEX – R inks are used on Cotton & Viscose fabrics for Home Textile & Fashion garments, Printing on Silk, Modified Lycra fashion garments, Wool & Linen fabrics
d) Dispersions:[5] PIGMIFINE, PIGMITEX

  • Market Cap 137 Cr.
  • Current Price 157
  • High / Low 175 / 102
  • Stock P/E 15.0
  • Book Value 113
  • Dividend Yield 0.00 %
  • ROCE 8.21 %
  • ROE 6.25 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 31.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 3.75% over past five years.
  • Company has a low return on equity of 6.64% over last 3 years.

* 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: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36.95 36.07 39.29 38.63 45.09 39.57 39.70 35.24 30.20 34.97 34.68 39.04 39.33
34.05 35.13 36.66 36.42 40.29 37.75 37.11 33.78 28.60 32.62 32.70 34.26 35.65
Operating Profit 2.90 0.94 2.63 2.21 4.80 1.82 2.59 1.46 1.60 2.35 1.98 4.78 3.68
OPM % 7.85% 2.61% 6.69% 5.72% 10.65% 4.60% 6.52% 4.14% 5.30% 6.72% 5.71% 12.24% 9.36%
-0.27 0.05 0.25 0.24 -0.13 0.67 0.32 0.34 0.47 0.42 0.43 0.06 0.35
Interest 0.06 0.12 0.07 0.06 0.07 0.10 0.05 0.09 0.05 0.06 0.06 0.08 0.10
Depreciation 0.45 0.47 0.42 0.44 0.44 0.63 0.44 0.49 0.51 0.51 0.43 0.44 0.46
Profit before tax 2.12 0.40 2.39 1.95 4.16 1.76 2.42 1.22 1.51 2.20 1.92 4.32 3.47
Tax % 30.19% 32.50% 25.52% 33.33% 28.37% 33.52% 33.06% -6.56% 24.50% 26.82% 8.33% 26.16% 25.65%
1.48 0.27 1.78 1.30 2.98 1.17 1.62 1.29 1.14 1.61 1.75 3.18 2.57
EPS in Rs 1.70 0.31 2.05 1.49 3.43 1.34 1.86 1.48 1.31 1.85 2.01 3.66 2.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
92 122 128 118 117 118 116 118 111 123 160 140 148
85 111 116 110 109 112 112 112 107 116 149 132 135
Operating Profit 7 10 12 8 9 6 4 6 4 7 11 8 13
OPM % 8% 9% 9% 7% 7% 5% 4% 5% 4% 6% 7% 6% 9%
0 1 2 1 2 1 1 1 1 0 1 2 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 2 2 2 2 2 2 2 2 2 2
Profit before tax 6 10 13 8 9 6 2 5 3 5 10 7 12
Tax % 27% 32% 29% 34% 29% 31% 32% 25% 24% 30% 30% 23%
5 7 9 5 6 4 2 4 2 4 7 6 9
EPS in Rs 5.24 8.07 10.41 5.92 7.13 4.56 1.95 4.06 2.61 4.32 8.30 6.49 10.47
Dividend Payout % 0% 0% 2% 3% 4% 7% 8% 4% 6% 5% 4% 4%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 8%
TTM: 2%
Compounded Profit Growth
10 Years: -2%
5 Years: 32%
3 Years: 36%
TTM: 75%
Stock Price CAGR
10 Years: 14%
5 Years: 32%
3 Years: 27%
1 Year: 31%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87
Reserves 38 44 53 58 64 68 69 72 74 78 86 92 97
0 0 0 0 0 0 0 0 0 4 4 1 2
20 32 34 33 35 27 32 24 28 27 26 30 28
Total Liabilities 58 77 88 91 99 96 102 97 104 111 116 123 129
12 13 13 14 14 14 13 11 10 10 9 12 13
CWIP 0 0 0 0 0 1 0 0 0 0 2 0 0
Investments 2 8 12 11 14 13 13 12 22 11 14 22 23
44 56 63 67 72 68 76 74 72 91 91 88 93
Total Assets 58 77 88 91 99 96 102 97 104 111 116 123 129

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 10 3 1 4 1 -1 8 2 -5 4 20
-3 -7 -3 -1 -4 -1 1 0 -10 10 -6 -11
-1 0 0 -0 -0 -0 -0 -0 -1 3 -2 -4
Net Cash Flow 1 2 -0 1 -0 0 -0 8 -9 8 -4 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 85 82 76 66 81 76 110 93 102 111 80 79
Inventory Days 60 47 79 107 109 99 81 83 120 119 122 141
Days Payable 83 91 99 86 94 67 88 65 83 75 58 90
Cash Conversion Cycle 62 38 56 87 97 109 103 111 139 155 144 130
Working Capital Days 84 60 71 92 102 115 132 123 139 158 135 121
ROCE % 17% 25% 23% 14% 14% 8% 3% 7% 4% 7% 12% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75%
0.07% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.18% 25.18% 25.24% 25.24% 25.24% 25.25% 25.25% 25.24% 25.23% 25.24% 25.25% 25.25%
No. of Shareholders 1,8333,2182,7472,7022,7202,7792,9572,9622,9542,8773,1783,110

* 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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