BSE: 531550 | NSE: | Finance - Stock Broking | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jhaveri Credits & Capital Ltd is a below average quality company.
The key valuation ratios of Jhaveri Credits & Capital Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jhaveri Credits & Capital Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.5% | 1.5% | 1.1% | 1.7% | 2.9% | -5.2% | -3.2% | -0.1% | 6% | 11.2% | - |
| Value Creation Index ⓘ | -0.6 | -0.9 | -0.9 | -0.9 | -0.8 | -1.4 | -1.2 | -1.0 | -0.6 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2.8 | 1.6 | 1.8 | 1.3 | 1.1 | 1.2 | 0.5 | 3.5 | 9.1 | 11.6 | 24 |
| Sales YoY Gr. | - | -43.3% | 11.5% | -24.6% | -13.6% | 5.3% | -55% | 546.3% | 159.6% | 28.3% | - |
| Adj EPS ⓘ | 0.4 | 0.1 | 0 | -0 | 0.2 | -0.7 | -0.4 | -0.6 | 0.4 | 1.2 | 4.2 |
| YoY Gr. | - | -87.2% | -80% | -400% | NA | -404.2% | NA | NA | NA | 190.5% | - |
| BVPS (₹) ⓘ | 12.7 | 12.7 | 12.7 | 12.7 | 12.9 | 12.2 | 11.8 | 11.2 | 11.6 | 12.8 | 98.5 |
| Adj Net Profit ⓘ | 0.3 | 0 | 0 | 0 | 0.2 | -0.5 | -0.3 | -0.4 | 0.3 | 0.8 | 4 |
| Cash Flow from Ops. ⓘ | -1.5 | 3.9 | -5.9 | 1.9 | -1.5 | -0.3 | -1.3 | -0.9 | 4.9 | 1.7 | - |
| Debt/CF from Ops. ⓘ | -0.3 | 0.1 | -0.1 | 0.2 | 0 | 0 | 0 | 0 | 0.7 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.3% | 59.1% | 178.1% | 28.3% | ||||
| Adj EPS ⓘ | 13.5% | 38.4% | NA | 190.5% | ||||
| BVPSⓘ | 0.2% | -0.2% | 2.8% | 10.4% | ||||
| Share Price | 44.3% | 158.1% | 298.7% | 3.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.1 | 0.4 | 0.1 | -0.3 | 1.9 | -5.8 | -3.3 | -5.3 | 3.7 | 10 | 7.5 |
| Op. Profit Mgn % ⓘ | 2.9 | -9.7 | -4.9 | -8.1 | 5 | -47.6 | -45.1 | -3.9 | 1.6 | 7.6 | 16 |
| Net Profit Mgn % ⓘ | 9 | 2 | 0.3 | -1.6 | 13.8 | -39.1 | -47.4 | -11.3 | 3 | 6.8 | 15.4 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 |
| Working Cap Days ⓘ | 1,215 | 1,431 | 1,371 | 2,171 | 2,185 | 2,068 | 4,459 | 722 | 241 | 213 | 745 |
| Cash Conv. Cycle ⓘ | 591 | 356 | 261 | 954 | 1,272 | 1,403 | 2,954 | 450 | 101 | -15 | 739 |
Return on Equity has increased versus last 3 years average to 7.50%
Sales growth is growing at healthy rate in last 3 years 178.14%
Sales growth is good in last 4 quarters at 3852.11%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.2 | 0.2 |
| TTM Sales (₹ Cr.) | 24.2 | 1.5 |
| BVPS (₹.) ⓘ | 98.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 80 | - |
| P/BV ⓘ | 2.78 | 0.00 |
| PE ⓘ | 65.92 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 240.00 / 527.30 |
| All Time Low / High (₹) | 0.50 / 527.30 |
| Market Cap (₹ Cr.) | 246 |
| Equity (₹ Cr.) | 9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 24 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 10 | 12 |
| Interest Income | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 9 | 12 |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Expenditure ⓘ | 3 | 2 | 2 | 2 | 1 | 2 | 1 | 4 | 9 | 11 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 3 | 2 | 2 | 1 | 1 | 2 | 1 | 4 | 9 | 11 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Taxes ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Adjusted EPS (₹) | 0.4 | 0.1 | 0.0 | 0.0 | 0.2 | -0.7 | -0.4 | -0.6 | 0.4 | 1.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 |
| Share Capital ⓘ | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves ⓘ | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 3 | 0 |
| Current Liabilities | 5 | 5 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 |
| Trade Payables | 4 | 4 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -4 | -4 | -3 | -3 | -1 | -1 | -1 | -1 | -1 | -1 |
| Total Liabilities ⓘ | 14 | 13 | 13 | 12 | 11 | 10 | 9 | 9 | 12 | 9 |
Assets | ||||||||||
| Non Current Asset | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 0 | 0 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 0 | 0 |
| Current Asset | 11 | 11 | 12 | 11 | 10 | 9 | 7 | 7 | 12 | 9 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Other Current Asset | 11 | 11 | 11 | 11 | 9 | 9 | 7 | 6 | 5 | 9 |
| Total Assets ⓘ | 14 | 13 | 13 | 12 | 11 | 10 | 9 | 9 | 12 | 9 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -1 | 0 | 1 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 13 | 13 | 13 | 13 | 13 | 12 | 12 | 11 | 12 | 13 |
Performance Ratios | ||||||||||
| ROA (%) | 1.6 | 0.2 | 0.0 | -0.2 | 1.4 | -4.4 | -2.6 | -4.4 | 2.6 | 7.5 |
| ROE (%) | 3.1 | 0.4 | 0.1 | -0.3 | 1.9 | -5.8 | -3.3 | -5.3 | 3.7 | 10.0 |
| ROCE (%) | 5.5 | 1.5 | 1.1 | 1.7 | 2.9 | -5.2 | -3.2 | -0.1 | 6.0 | 11.2 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.4 | 0.5 | 0.5 | 0.6 | 0.0 | 0.3 | 0.2 | 0.2 | 0.4 | 4.7 |
Jhaveri Credits and Capital was incorporated on October 7, 1993 and is promoted by Jitendra B Jhaveri, Shakuntala Jhaveri and Rajesh Jhaveri for the purpose of carrying on the business of leasing and hire purchase, bill discounting etc.
In January 1996, company came out with a public issue of 35,40,000 equity shares of Rs 10 each for cash at par aggregating to Rs 3.54 crore to augment long term requirement of funds to meet the needs of expanding business. The company proposes to expand its activities in the area of hire purchase and leasing. The strategic focus will be to provide financial services to industrial sector and transport.
The registered office of the company is located at 301, Payal Towers, Sayajigunj Vadodara, Gujarat-390005.
Business area of the company
The company is presently engaged in the business of leasing, hire purchase, intercorporate deposits, investments in primary and secondary market business.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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