BSE: 512453 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shri Jagdamba Polymers Ltd is a good quality company.
The key valuation ratios of Shri Jagdamba Polymers 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 Shri Jagdamba Polymers 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15% | 17.9% | 24.2% | 44.5% | 48.5% | 38.8% | 37.6% | 35.8% | 19.5% | 21.1% | - |
| Value Creation Index ⓘ | 0.1 | 0.3 | 0.7 | 2.2 | 2.5 | 1.8 | 1.7 | 1.6 | 0.4 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 110 | 122 | 147 | 179 | 190 | 196 | 239 | 369 | 328 | 362 | 388 |
| Sales YoY Gr. | - | 10.6% | 20.5% | 21.7% | 6% | 3.5% | 21.4% | 54.7% | -11.2% | 10.4% | - |
| Adj EPS ⓘ | 3.8 | 5.7 | 6.8 | 18.9 | 25.1 | 32.1 | 43 | 53.2 | 32.3 | 35.8 | 38.4 |
| YoY Gr. | - | 48.6% | 20.3% | 177.5% | 32.5% | 28.2% | 34% | 23.6% | -39.3% | 11% | - |
| BVPS (₹) ⓘ | 19.3 | 25 | 31.4 | 50.1 | 74.8 | 105.3 | 151.6 | 209.7 | 243.5 | 279.8 | 290.7 |
| Adj Net Profit ⓘ | 3.3 | 5 | 6 | 16.6 | 21.9 | 28.1 | 37.7 | 46.6 | 28.3 | 31.4 | 34 |
| Cash Flow from Ops. ⓘ | 7.6 | 17.3 | 21.6 | 14.3 | 21.4 | 9.3 | 12.3 | 28.2 | 42.6 | -11.7 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 2.3 | 1.3 | 1 | 0.2 | 3.6 | 3.5 | 1.4 | 0.5 | -2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.1% | 13.8% | 14.9% | 10.4% | ||||
| Adj EPS ⓘ | 28.3% | 7.4% | -5.9% | 11% | ||||
| BVPSⓘ | 34.6% | 30.2% | 22.7% | 14.9% | ||||
| Share Price | 35.6% | 23.9% | -14.8% | -10.5% | ||||
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 % ⓘ | 20.1 | 25.6 | 24.2 | 46.4 | 40.1 | 35.7 | 33.5 | 29.4 | 14.2 | 13.7 | 13.5 |
| Op. Profit Mgn % ⓘ | 8.3 | 11.6 | 12.2 | 16.1 | 17.9 | 20.9 | 23.1 | 18.2 | 13.8 | 15.4 | 13.8 |
| Net Profit Mgn % ⓘ | 3 | 4.1 | 4.1 | 9.2 | 11.6 | 14.3 | 15.8 | 12.6 | 8.6 | 8.7 | 8.7 |
| Debt to Equity ⓘ | 2.4 | 1.8 | 1.1 | 0.3 | 0.1 | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 112 | 103 | 80 | 73 | 80 | 100 | 127 | 119 | 147 | 148 | 76 |
| Cash Conv. Cycle ⓘ | 70 | 64 | 44 | 38 | 47 | 56 | 84 | 96 | 120 | 109 | 58 |
Sales growth is growing at healthy rate in last 3 years 14.91%
Sales growth is good in last 4 quarters at 37.24%
Return on Equity has declined versus last 3 years average to 13.50%
Net Profit has been subdued in last 3 years -5.92%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 38.4 | - |
| TTM Sales (₹ Cr.) | 388 | - |
| BVPS (₹.) ⓘ | 290.7 | - |
| Reserves (₹ Cr.) ⓘ | 254 | - |
| P/BV ⓘ | 2.20 | - |
| PE ⓘ | 16.66 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 490.50 / 1020.00 |
| All Time Low / High (₹) | 1.90 / 1762.00 |
| Market Cap (₹ Cr.) | 560 |
| Equity (₹ Cr.) | 0.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 110 | 122 | 147 | 179 | 190 | 196 | 239 | 369 | 328 | 362 |
| Operating Expenses ⓘ | 101 | 108 | 130 | 150 | 156 | 157 | 183 | 302 | 283 | 306 |
| Manufacturing Costs | 17 | 19 | 24 | 30 | 27 | 24 | 32 | 45 | 38 | 56 |
| Material Costs | 66 | 70 | 83 | 89 | 101 | 108 | 119 | 216 | 205 | 201 |
| Employee Cost | 9 | 11 | 14 | 15 | 15 | 17 | 24 | 29 | 28 | 34 |
| Other Costs ⓘ | 9 | 8 | 9 | 16 | 12 | 8 | 8 | 11 | 12 | 15 |
| Operating Profit ⓘ | 9 | 14 | 17 | 29 | 34 | 40 | 55 | 67 | 45 | 56 |
| Operating Profit Margin (%) | 8.2% | 11.6% | 11.9% | 16.0% | 17.8% | 20.3% | 23.1% | 18.2% | 13.8% | 15.4% |
| Other Income ⓘ | 2 | 0 | 0 | 0 | 1 | 2 | 8 | 12 | 7 | 5 |
| Interest ⓘ | 4 | 3 | 3 | 2 | 1 | 1 | 3 | 4 | 3 | 9 |
| Depreciation ⓘ | 3 | 4 | 4 | 4 | 4 | 4 | 7 | 8 | 8 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 7 | 11 | 24 | 30 | 36 | 54 | 67 | 41 | 44 |
| Tax ⓘ | 1 | 2 | 5 | 7 | 8 | 9 | 13 | 16 | 11 | 12 |
| Profit After Tax | 3 | 5 | 6 | 16 | 22 | 27 | 41 | 51 | 30 | 32 |
| PAT Margin (%) | 3.0% | 4.1% | 3.9% | 9.2% | 11.5% | 13.9% | 17.1% | 13.9% | 9.2% | 8.9% |
| Adjusted EPS (₹) | 3.8 | 5.7 | 6.5 | 18.8 | 25.0 | 31.2 | 46.7 | 58.4 | 34.3 | 36.9 |
| Dividend Payout Ratio (%) | 3% | 2% | 2% | 1% | 1% | 1% | 1% | 1% | 1% | 2% |
| 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 | 22 | 27 | 44 | 65 | 92 | 133 | 184 | 213 | 245 |
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves ⓘ | 16 | 21 | 27 | 43 | 65 | 91 | 132 | 183 | 212 | 244 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37 | 36 | 23 | 9 | 2 | 31 | 37 | 32 | 13 | 17 |
| Long Term Debt | 18 | 27 | 14 | 4 | 1 | 22 | 22 | 19 | 12 | 6 |
| Short Term Debt | 20 | 10 | 9 | 5 | 1 | 10 | 15 | 13 | 0 | 11 |
| Trade Payables | 6 | 6 | 7 | 6 | 11 | 11 | 7 | 7 | 4 | 23 |
| Others Liabilities ⓘ | 7 | 9 | 16 | 15 | 11 | 10 | 15 | 19 | 20 | 20 |
| Total Liabilities ⓘ | 68 | 73 | 73 | 75 | 89 | 144 | 192 | 242 | 250 | 305 |
Fixed Assets | ||||||||||
| Gross Block | 48 | 58 | 59 | 59 | 63 | 102 | 117 | 128 | 133 | 133 |
| Accumulated Depreciation | 20 | 22 | 25 | 28 | 31 | 35 | 41 | 49 | 57 | 65 |
| Net Fixed Assetsⓘ | 28 | 36 | 34 | 31 | 32 | 67 | 76 | 79 | 76 | 69 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 3 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 1 | 11 | 41 |
| Inventories | 14 | 12 | 11 | 7 | 14 | 15 | 42 | 50 | 30 | 45 |
| Trade Receivables | 17 | 16 | 13 | 23 | 25 | 34 | 41 | 78 | 70 | 103 |
| Cash Equivalents | 2 | 3 | 6 | 5 | 12 | 13 | 1 | 24 | 39 | 23 |
| Others Assetsⓘ | 7 | 7 | 10 | 9 | 5 | 16 | 18 | 10 | 24 | 22 |
| Total Assets ⓘ | 68 | 73 | 73 | 75 | 89 | 144 | 192 | 242 | 250 | 305 |
| 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 ⓘ | 8 | 17 | 22 | 14 | 21 | 9 | 12 | 28 | 43 | -12 |
| PBT ⓘ | 5 | 7 | 11 | 24 | 30 | 36 | 54 | 67 | 41 | 44 |
| Adjustment ⓘ | 6 | 7 | 7 | 5 | 4 | 3 | 8 | 9 | 11 | 13 |
| Changes in Working Capital ⓘ | -2 | 4 | 6 | -7 | -4 | -21 | -37 | -32 | 0 | -55 |
| Tax Paid ⓘ | -1 | -2 | -2 | -8 | -8 | -9 | -13 | -16 | -9 | -14 |
| Cash Flow From Investing Activity ⓘ | -4 | -12 | -2 | 0 | -6 | -35 | -15 | -10 | -4 | 0 |
| Capex | -4 | -12 | -2 | 0 | -7 | -37 | -16 | -11 | -5 | -3 |
| Net Investments | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 3 |
| Cash Flow From Financing Activityⓘ | -3 | -4 | -17 | -15 | -9 | 28 | -10 | -8 | -24 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -4 | -3 | -3 | -2 | -1 | -1 | -3 | -4 | -4 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | -14 | -13 | -8 | 29 | -7 | -4 | -20 | 5 |
| Net Cash Flow ⓘ | 1 | 1 | 3 | -1 | 6 | 2 | -12 | 10 | 15 | -16 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.1 | 25.9 | 23.17 | 46.2 | 40 | 34.67 | 36.36 | 32.34 | 15.15 | 14.09 |
| ROCE (%) | 15.04 | 17.91 | 24.18 | 44.5 | 48.52 | 38.82 | 37.57 | 35.75 | 19.52 | 21.12 |
| Asset Turnover Ratio | 1.73 | 1.8 | 2.08 | 2.44 | 2.32 | 1.68 | 1.42 | 1.7 | 1.33 | 1.3 |
| PAT to CFO Conversion(x) | 2.67 | 3.4 | 3.67 | 0.88 | 0.95 | 0.33 | 0.29 | 0.55 | 1.43 | -0.38 | Working Capital Days |
| Receivable Days | 48 | 47 | 34 | 36 | 46 | 55 | 57 | 59 | 82 | 87 |
| Inventory Days | 37 | 38 | 27 | 18 | 20 | 27 | 44 | 46 | 45 | 38 |
| Payable Days | 24 | 30 | 28 | 27 | 31 | 36 | 27 | 12 | 10 | 25 |
Shri Jagdamba Polymers was incorporated in 1984. The products offered by the company include PP and PE woven bags and fabrics with and without coating; flexible intermediate bulk containers; box bags for fiber clothing and used clothing, mattress covers, furniture covers, and general merchandize covers; Siltfence, a black color woven fabric used in the construction industry; high-strength and high-tenacity geotextiles; Groundcover, for weed control; and lumber covers.
The company is located in the Ahmedabad district of Gujarat, the manufacturing unit has an installed capacity of 4,600 MT of woven fabrics and bags per annum. More than 80% of the production is exported to USA, Europe, and several other countries.
The registered office of the company is located at 802, Narnarayan Complex, Near Navarangpura Post Office, Ahmedabad-380009, Gujarat.
Business area of the company
The company is engaged in the business of manufacturing and marketing woven polypropylene (PP) and polyethylene (PE) fabrics and bags.
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