BSE: 0 | NSE: JAYBEE | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jay Bee Laminations Ltd is a good quality company.
The key valuation ratios of Jay Bee Laminations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jay Bee Laminations Ltd is likely to Rise 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.2% | 19.7% | 17% | 26% | 15.5% | 9.1% | 0.8% | 21.6% | 35.3% | 39.6% | - |
| Value Creation Index ⓘ | 0.4 | 0.4 | 0.2 | 0.9 | 0.1 | -0.4 | -1.0 | 0.5 | 1.5 | 1.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 109 | 155 | 131 | 159 | 187 | 132 | 75 | 141 | 247 | 303 | 303 |
| Sales YoY Gr. | - | 42.2% | -15% | 21.3% | 17.8% | -29.7% | -43.1% | 88.4% | 74.6% | 22.8% | - |
| Adj EPS ⓘ | 1.6 | 1 | 1.1 | 2.1 | 0.6 | 0 | -1.1 | 3.3 | 7.4 | 10.7 | 8.6 |
| YoY Gr. | - | -41.1% | 17.7% | 82.3% | -72.3% | -94.7% | -3800% | NA | 124.6% | 44.5% | - |
| BVPS (₹) ⓘ | 9.6 | 10.7 | 11.9 | 13.9 | 14.5 | 14.5 | 13.4 | 16.6 | 24.2 | 34.9 | 66.6 |
| Adj Net Profit ⓘ | 2.9 | 1.7 | 2 | 3.7 | 1 | 0.1 | -2 | 5.9 | 13.3 | 19.3 | 19 |
| Cash Flow from Ops. ⓘ | 4.3 | 15.6 | 3.9 | 7.4 | -13.2 | 11.5 | -1.7 | 8 | 5.1 | 15.8 | - |
| Debt/CF from Ops. ⓘ | 4.6 | 0.6 | 3.8 | 1.6 | -2 | 1.9 | -15.8 | 3.4 | 6.2 | 1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.1% | 10.1% | 59.3% | 22.8% | ||||
| Adj EPS ⓘ | 23.3% | 79.8% | NA | 44.5% | ||||
| BVPSⓘ | 15.5% | 19.2% | 37.5% | 44.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17 | 9.5 | 10 | 16 | 4 | 0.2 | -8 | 22 | 36.4 | 36.3 | 16.9 |
| Op. Profit Mgn % ⓘ | 8.1 | 4.5 | 4.8 | 6.1 | 4.1 | 3.8 | 1.7 | 8.8 | 9.5 | 10.8 | NAN |
| Net Profit Mgn % ⓘ | 2.7 | 1.1 | 1.6 | 2.3 | 0.5 | 0 | -2.7 | 4.2 | 5.4 | 6.4 | 6.4 |
| Debt to Equity ⓘ | 1.2 | 0.5 | 0.7 | 0.5 | 1 | 0.8 | 1.1 | 0.9 | 0.7 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 106 | 137 | 121 | 117 | 160 | 258 | 162 | 127 | 122 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 40 | 26 | 15 | 31 | 65 | 165 | 95 | 66 | 64 | 0 |
Sales growth is growing at healthy rate in last 3 years 59.27%
Debt to equity has declined versus last 3 years average to 0.38
Return on Equity has declined versus last 3 years average to 16.90%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.6 | - |
| TTM Sales (₹ Cr.) | 303 | - |
| BVPS (₹.) ⓘ | 66.6 | - |
| Reserves (₹ Cr.) ⓘ | 128 | - |
| P/BV ⓘ | 5.37 | - |
| PE ⓘ | 41.67 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 806 |
| Equity (₹ Cr.) | 22.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 109 | 155 | 131 | 159 | 187 | 132 | 75 | 141 | 247 | 303 |
| Operating Expenses ⓘ | 100 | 148 | 125 | 149 | 180 | 127 | 74 | 129 | 223 | 270 |
| Manufacturing Costs | 3 | 3 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Material Costs | 90 | 137 | 115 | 135 | 165 | 115 | 64 | 113 | 207 | 250 |
| Employee Cost | 2 | 2 | 3 | 4 | 6 | 6 | 5 | 5 | 6 | 8 |
| Other Costs ⓘ | 4 | 5 | 6 | 9 | 8 | 5 | 4 | 10 | 9 | 11 |
| Operating Profit ⓘ | 9 | 7 | 6 | 10 | 8 | 5 | 1 | 12 | 23 | 33 |
| Operating Profit Margin (%) | 8.1% | 4.5% | 4.8% | 6.1% | 4.1% | 3.8% | 1.7% | 8.8% | 9.5% | 10.8% |
| Other Income ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 3 | 3 | 3 | 3 | 5 | 4 | 3 | 4 | 5 | 6 |
| Depreciation ⓘ | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 3 | 3 | 6 | 1 | 0 | -2 | 7 | 18 | 26 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 0 | 0 | 0 | 1 | 5 | 7 |
| Profit After Tax | 3 | 2 | 2 | 4 | 1 | 0 | -2 | 6 | 14 | 19 |
| PAT Margin (%) | 2.7% | 1.4% | 1.6% | 2.3% | 0.5% | 0.0% | -2.6% | 4.2% | 5.5% | 6.4% |
| Adjusted EPS (₹) | 1.6 | 1.2 | 1.1 | 2.1 | 0.6 | 0.0 | -1.1 | 3.3 | 7.6 | 10.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 17 | 19 | 21 | 25 | 26 | 26 | 24 | 30 | 43 | 63 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 18 |
| Reserves ⓘ | 14 | 16 | 18 | 22 | 23 | 23 | 21 | 27 | 40 | 45 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 20 | 10 | 15 | 12 | 27 | 21 | 26 | 25 | 28 | 21 |
| Long Term Debt | 7 | 6 | 4 | 5 | 7 | 4 | 5 | 5 | 6 | 4 |
| Short Term Debt | 13 | 4 | 11 | 6 | 20 | 17 | 21 | 20 | 21 | 17 |
| Trade Payables | 11 | 29 | 30 | 38 | 28 | 24 | 2 | 35 | 30 | 40 |
| Others Liabilities ⓘ | 3 | 2 | 1 | 4 | 3 | 1 | 3 | 4 | 7 | 6 |
| Total Liabilities ⓘ | 50 | 61 | 68 | 79 | 84 | 72 | 55 | 94 | 108 | 130 |
Fixed Assets | ||||||||||
| Gross Block | 10 | 11 | 12 | 17 | 17 | 18 | 19 | 17 | 18 | 19 |
| Accumulated Depreciation | 5 | 6 | 8 | 9 | 10 | 12 | 13 | 12 | 13 | 14 |
| Net Fixed Assetsⓘ | 6 | 4 | 5 | 8 | 7 | 6 | 6 | 5 | 6 | 5 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 4 |
| Inventories | 18 | 12 | 18 | 15 | 21 | 21 | 17 | 49 | 34 | 44 |
| Trade Receivables | 20 | 33 | 30 | 40 | 44 | 33 | 24 | 27 | 52 | 54 |
| Cash Equivalents | 1 | 2 | 9 | 3 | 3 | 0 | 1 | 5 | 8 | 6 |
| Others Assetsⓘ | 7 | 9 | 7 | 12 | 9 | 8 | 4 | 5 | 4 | 14 |
| Total Assets ⓘ | 50 | 61 | 68 | 79 | 84 | 72 | 55 | 94 | 108 | 130 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 16 | 4 | 7 | -13 | 11 | -2 | 8 | 5 | 16 |
| PBT ⓘ | 4 | 3 | 3 | 6 | 1 | 0 | -2 | 7 | 18 | 26 |
| Adjustment ⓘ | 5 | 4 | 3 | 3 | 6 | 5 | 4 | 5 | 6 | 7 |
| Changes in Working Capital ⓘ | -4 | 10 | -1 | -1 | -19 | 7 | -4 | -3 | -14 | -11 |
| Tax Paid ⓘ | -1 | -2 | -1 | -1 | -2 | 0 | 0 | -2 | -5 | -6 |
| Cash Flow From Investing Activity ⓘ | 1 | -1 | -1 | -7 | 2 | -5 | 0 | 0 | -1 | -5 |
| Capex | 0 | 0 | -2 | -5 | 0 | -4 | -1 | 0 | -1 | -4 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | -1 | 1 | -2 | 2 | 0 | 0 | 0 | 0 | -1 |
| Cash Flow From Financing Activityⓘ | -5 | -13 | 3 | -6 | 11 | -9 | 3 | -4 | -1 | -13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 2 | -2 |
| Interest Paid ⓘ | -3 | -3 | -2 | -2 | -4 | -4 | -3 | -4 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2 | -10 | 5 | -5 | 14 | -5 | 4 | 0 | 3 | -5 |
| Net Cash Flow ⓘ | 0 | 2 | 6 | -5 | -1 | -2 | 1 | 3 | 4 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.86 | 11.52 | 10.01 | 15.95 | 3.98 | 0.23 | -7.89 | 22.04 | 37.1 | 36.42 |
| ROCE (%) | 19.18 | 19.72 | 17 | 26 | 15.49 | 9.06 | 0.75 | 21.55 | 35.26 | 39.55 |
| Asset Turnover Ratio | 2.36 | 3.04 | 2.25 | 2.5 | 2.71 | 1.98 | 1.18 | 1.89 | 2.43 | 2.54 |
| PAT to CFO Conversion(x) | 1.33 | 8 | 2 | 1.75 | -13 | N/A | N/A | 1.33 | 0.36 | 0.84 | Working Capital Days |
| Receivable Days | 61 | 57 | 80 | 70 | 70 | 91 | 138 | 66 | 59 | 64 |
| Inventory Days | 54 | 32 | 37 | 33 | 30 | 49 | 92 | 85 | 62 | 47 |
| Payable Days | 43 | 53 | 94 | 92 | 73 | 82 | 74 | 61 | 57 | 51 |
Jay Bee Laminations Limited was originally incorporated as a Private Limited under the name ‘Jay Bee Laminations Private Limited’ under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Delhi on March 22, 1988. Subsequently, the status of the Company was changed to public limited on July 1, 1994, with the name changed to ‘Jay Bee Laminations Limited’ under Section 43A(1A) of the Companies Act, 1956. Then it was changed back to private limited on November 15, 2002, with the name reverted to ‘Jay Bee Laminations Private Limited’ under Section 43A(2A) of the Companies Act, 1956. Subsequently, the status of the company was changed to public limited, and the name of the company was changed to ‘Jay Bee Laminations Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the company held on October 23, 2023. The fresh certificate of incorporation consequent to conversion was issued on November 03, 2023, by the Registrar of Companies, Delhi.
The company currently manufactures and supplies range of products such as electrical laminations, slit coils, and assembled cores made of Cold Rolled Grain Oriented Silicon steel and Cold-Rolled Non-Grain-Oriented Steel for applications in transformers, UPS, and inverters, for end-use in power industry. The company’s manufacturing units are equipped with all in-house facilities for slitting, cutting, assembling, and testing of CRGO and CRNGO electrical steel cores. It also has its in-house laboratory for raw material and finished goods sample testing and in-house tooling division for blade sharpening. Its production facilities emphasize on processing and manufacturing electrical steel cores to meet the quality standards of power and distribution transformers. Its current facilities are well equipped to serve customer manufacturing transformers up to 220 kV class.
Presently, the company’s main focus is on supplying CRGO electrical steel cores to transformer manufacturers. These materials necessitate a high level of expertise in manufacturing, handling, and processing due to their sensitivity to physical stresses and jerks, which is vital for ensuring the safety and quality of transformers. Adhering to strict quality requirements, all transformer core-related raw materials imported, purchased, and sold in India must conform to the standards set by the Bureau of Indian Standards (BIS).
Business area of the company
The company is engaged in the business of supplying Cold Rolled Grain Oriented Silicon Steel (CRGO) Cores and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores.
History and milestones
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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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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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