BSE: 0 | NSE: JAINAM | Ferro & Silica Manganese | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jainam Ferro Alloys (I) Ltd is a average quality company.
The key valuation ratios of Jainam Ferro Alloys (I) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jainam Ferro Alloys (I) 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.1% | 14% | 22.5% | 85.5% | 43.2% | 9.7% | - |
| Value Creation Index ⓘ | 0.6 | -0 | 0.6 | 5.1 | 2.1 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 132 | 121 | 102 | 200 | 255 | 190 | 190 |
| Sales YoY Gr. | - | -7.7% | -16.4% | 97.1% | 27.7% | -25.7% | - |
| Adj EPS ⓘ | 3.1 | 0.9 | 3.2 | 26.3 | 22.6 | 5.1 | 5.8 |
| YoY Gr. | - | -70.8% | 258.9% | 714.9% | -14% | -77.5% | - |
| BVPS (₹) ⓘ | 20.9 | 20.6 | 25.8 | 59.3 | 82.5 | 99.8 | 99.8 |
| Adj Net Profit ⓘ | 2.9 | 0.8 | 3 | 27.8 | 23.9 | 5.4 | 6 |
| Cash Flow from Ops. ⓘ | 6.5 | 2.4 | 5.1 | -2.3 | -0.8 | 4 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 2.4 | 0.6 | -0.4 | -0.1 | 2.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 7.6% | 23.2% | -25.7% | ||||
| Adj EPS ⓘ | NA | 10.6% | 16.4% | -77.5% | ||||
| BVPSⓘ | NA | 36.7% | 57% | 21% | ||||
| Share Price | - | - | 33% | 56.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.7 | 4.3 | 13.9 | 64.1 | 31.9 | 5.6 | 5.8 |
| Op. Profit Mgn % ⓘ | 4.1 | 2.6 | 5.3 | 18.8 | 12.2 | 3.1 | NAN |
| Net Profit Mgn % ⓘ | 2.2 | 0.7 | 3 | 13.9 | 9.4 | 2.8 | 3.2 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.1 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 83 | 99 | 81 | 75 | 100 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 18 | 8 | -4 | 0 | 15 | 0 |
Sales growth is growing at healthy rate in last 3 years 23.16%
Net Profit is growing at healthy rate in last 3 years 16.37%
Return on Equity has declined versus last 3 years average to 5.80%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.8 | 5.1 |
| TTM Sales (₹ Cr.) | 190 | 190 |
| BVPS (₹.) ⓘ | 99.8 | 99.2 |
| Reserves (₹ Cr.) ⓘ | 95 | 94 |
| P/BV ⓘ | 2.10 | 2.11 |
| PE ⓘ | 36.46 | 41.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 221 |
| Equity (₹ Cr.) | 10.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 7.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 132 | 121 | 102 | 200 | 255 | 190 |
| Operating Expenses ⓘ | 126 | 118 | 96 | 162 | 225 | 184 |
| Manufacturing Costs | 41 | 38 | 36 | 47 | 49 | 55 |
| Material Costs | 81 | 76 | 57 | 110 | 166 | 120 |
| Employee Cost | 1 | 1 | 2 | 2 | 3 | 3 |
| Other Costs ⓘ | 3 | 2 | 2 | 4 | 8 | 6 |
| Operating Profit ⓘ | 5 | 3 | 5 | 38 | 30 | 6 |
| Operating Profit Margin (%) | 4.1% | 2.6% | 5.2% | 18.8% | 11.8% | 3.1% |
| Other Income ⓘ | 1 | 1 | 1 | 2 | 3 | 5 |
| Interest ⓘ | 1 | 2 | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 1 | 4 | 38 | 31 | 8 |
| Tax ⓘ | 1 | 0 | 1 | 9 | 8 | 2 |
| Profit After Tax | 3 | 1 | 3 | 28 | 23 | 6 |
| PAT Margin (%) | 2.2% | 0.7% | 3.1% | 14.0% | 9.1% | 3.2% |
| Adjusted EPS (₹) | 3.1 | 0.9 | 3.4 | 26.5 | 22.0 | 5.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 19 | 19 | 24 | 63 | 87 | 105 | ||||
| Share Capital ⓘ | 9 | 9 | 9 | 11 | 11 | 11 | ||||
| Reserves ⓘ | 10 | 10 | 15 | 52 | 77 | 95 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 5 | 6 | 3 | 1 | 0 | 10 | ||||
| Long Term Debt | 5 | 4 | 3 | 1 | 0 | 2 | ||||
| Short Term Debt | 0 | 1 | 0 | 0 | 0 | 7 | ||||
| Trade Payables | 13 | 12 | 20 | 29 | 23 | 20 | ||||
| Others Liabilities ⓘ | 2 | 2 | 6 | 22 | 10 | 9 | ||||
| Total Liabilities ⓘ | 40 | 39 | 53 | 114 | 120 | 144 | ||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 6 | 6 | 8 | 10 | 12 | ||||
| Accumulated Depreciation | 3 | 3 | 4 | 4 | 5 | 7 | ||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 3 | 5 | 5 | ||||
| CWIP ⓘ | 0 | 1 | 1 | 1 | 1 | 12 | ||||
| Investmentsⓘ | 3 | 3 | 6 | 8 | 10 | 29 | ||||
| Inventories | 15 | 12 | 21 | 30 | 16 | 19 | ||||
| Trade Receivables | 5 | 7 | 6 | 9 | 15 | 21 | ||||
| Cash Equivalents | 8 | 5 | 7 | 34 | 49 | 30 | ||||
| Others Assetsⓘ | 8 | 9 | 11 | 28 | 24 | 29 | ||||
| Total Assets ⓘ | 40 | 39 | 53 | 114 | 120 | 144 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 2 | 5 | -2 | -1 | 4 |
| PBT ⓘ | 4 | 1 | 4 | 38 | 31 | 8 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | -1 | -1 |
| Changes in Working Capital ⓘ | 3 | 1 | 0 | -31 | -22 | -0 |
| Tax Paid ⓘ | -1 | 0 | -1 | -9 | -9 | -3 |
| Cash Flow From Investing Activity ⓘ | 1 | -1 | -1 | -1 | 0 | -13 |
| Capex | 0 | 0 | 0 | -2 | -2 | -13 |
| Net Investments | 1 | 0 | 0 | 1 | 3 | 0 |
| Others ⓘ | 0 | -1 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -7 | -2 | -4 | 6 | -2 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 9 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -6 | -1 | -2 | -2 | -1 | 2 |
| Interest Paid ⓘ | -1 | -2 | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | -1 | 0 | 0 | 7 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 3 | -2 | -1 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.9 | 4.5 | 14.69 | 64.79 | 31.06 | 6.31 | ||||
| ROCE (%) | 22.14 | 13.96 | 22.47 | 85.49 | 43.23 | 9.72 | ||||
| Asset Turnover Ratio | 3.29 | 3.09 | 2.65 | 2.86 | 2.56 | 1.72 | ||||
| PAT to CFO Conversion(x) | 2 | 2 | 1.67 | -0.07 | -0.04 | 0.67 | Working Capital Days | |||
| Receivable Days | 13 | 18 | 20 | 12 | 15 | 29 | ||||
| Inventory Days | 40 | 39 | 49 | 39 | 28 | 28 | ||||
| Payable Days | 60 | 61 | 105 | 81 | 57 | 66 | ||||
Jainam Ferro Alloys (I) was originally incorporated as Jainam Infraways in March 2014. The company is currently manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn). Both the alloys are largely used in Steel industry. Ferro-manganese adds strength, toughness and other properties to steel. Silico manganese provides additional silicon which is a stronger De-oxidant in manufacturing steel. The company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferro alloys.
The company started commercial production of Ferro alloys of the different grades with one furnace. In June 2017, the company started another furnace for the same manufacturing activity. The products manufactured by the company are primarily used in manufacturing of steel and in foundry activities. It is used as an alloying element which enhances some key physical properties of steel like elasticity, ultimate tensile, strength and toughness etc.
Sometimes addition of some elements in the form of alloys is done deliberately to liquid steel for developing abrasion resistance, wearresistance and corrosion resistance properties. Apart from using manganese alloys for alloying the steel, they are also widely used for deoxidizing, desulphurization & refining of steel. Phosphorus and other elements can also be controlled depending on customer specification. Smaller quantities of alloys are used as reductant in order to produce other metals. Besides their use in plain carbon steel and alloy steel plants, Ferro alloys are consumed by the foundries and electrode industries. A very specific application of refined manganese alloys is a constituent in the coating of welding electrodes. In ceramic industries, manganese alloys are used in small quantities.
Business area of the company
The company has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry.
Key Events and Milestones:
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