BSE: 512233 | NSE: | Textile - Spinning | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jaybharat Textiles & Real Estate Ltd is a below average quality company.
The key valuation ratios of Jaybharat Textiles & Real Estate 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 Weak which suggest that the price of Jaybharat Textiles & Real Estate 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'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.9% | 5% | -0.2% | -5.5% | 3% | -42.5% | -4.3% | -5.1% | -46.8% | -29.1% | - |
| Value Creation Index ⓘ | -0.3 | -0.6 | -1.0 | -1.4 | -0.8 | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 537 | 612 | 735 | 528 | 521 | 660 | 118 | 66.1 | 129 | 30.9 | 31 |
| Sales YoY Gr. | - | 13.9% | 20.1% | -28.2% | -1.2% | 26.7% | -82.1% | -44.2% | 95.9% | -76.1% | - |
| Adj EPS ⓘ | 0.5 | -0.1 | -1 | -1.9 | -0.2 | -5.8 | -1.6 | -1.6 | -2.7 | -0.6 | -1 |
| YoY Gr. | - | -116% | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 3.3 | 3.2 | 2.2 | 0.4 | 0.2 | -5.7 | -7.2 | -8.8 | -11.4 | -12 | 0 |
| Adj Net Profit ⓘ | 19.2 | -3.1 | -38.7 | -70.7 | -8.4 | -223 | -59.9 | -60.2 | -101 | -21.1 | -39 |
| Cash Flow from Ops. ⓘ | -9.3 | 8.6 | -50.9 | -120 | -10.3 | -9.3 | 30.4 | -2.2 | 0.5 | -0.1 | - |
| Debt/CF from Ops. ⓘ | -38.3 | 42.6 | -8.3 | -4.5 | -53 | -59.5 | 17.3 | -236.9 | 1076.3 | -8861.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -27.2% | -43.2% | -36.1% | -76.1% | ||||
| Adj EPS ⓘ | -201.1% | NA | NA | NA | ||||
| BVPSⓘ | -215.4% | -340.2% | NA | NA | ||||
| Share Price | 1.6% | 7% | 15.8% | 6.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.3 | -1.8 | -37 | -141.8 | -81.3 | 211.6 | 24.3 | 19.7 | 26.2 | 4.7 | 17 |
| Op. Profit Mgn % ⓘ | 14.5 | 10.5 | 5.2 | 1.9 | 9.6 | -26.3 | 2.2 | 6.1 | -34.8 | -9.2 | -67 |
| Net Profit Mgn % ⓘ | 3.6 | -0.5 | -5.3 | -13.4 | -1.6 | -33.7 | -50.6 | -91.2 | -78.3 | -68.2 | -126.2 |
| Debt to Equity ⓘ | 2.8 | 3 | 4.9 | 38.1 | 92.3 | -2.6 | -1.9 | -1.6 | -1.2 | -1.1 | - |
| Working Cap Days ⓘ | 142 | 150 | 155 | 226 | 218 | 127 | 352 | 567 | 234 | 762 | 490 |
| Cash Conv. Cycle ⓘ | 114 | 139 | 147 | 220 | 200 | 96 | 131 | 82 | 28 | 201 | -2,246 |
Return on Equity has increased versus last 3 years average to 17.00%
Sales growth is good in last 4 quarters at 92.59%
Sales growth has been subdued in last 3 years -36.09%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1 | -0.5 |
| TTM Sales (₹ Cr.) | 31 | 30.9 |
| BVPS (₹.) ⓘ | 0 | 0 |
| Reserves (₹ Cr.) ⓘ | -552 | -535 |
| P/BV ⓘ | 0.00 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.20 / 28.00 |
| All Time Low / High (₹) | 0.01 / 541.00 |
| Market Cap (₹ Cr.) | 1,072 |
| Equity (₹ Cr.) | 76.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 29.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 537 | 612 | 735 | 527 | 521 | 660 | 118 | 66 | 129 | 31 |
| Operating Expenses ⓘ | 459 | 548 | 696 | 517 | 471 | 834 | 116 | 62 | 174 | 34 |
| Manufacturing Costs | 76 | 85 | 129 | 115 | 54 | 24 | 12 | 16 | 10 | 7 |
| Material Costs | 371 | 449 | 532 | 383 | 402 | 801 | 100 | 43 | 156 | 24 |
| Employee Cost | 2 | 3 | 3 | 4 | 7 | 6 | 3 | 2 | 2 | 2 |
| Other Costs ⓘ | 10 | 11 | 31 | 16 | 8 | 2 | 1 | 1 | 6 | 1 |
| Operating Profit ⓘ | 78 | 64 | 38 | 10 | 50 | -174 | 3 | 4 | -45 | -3 |
| Operating Profit Margin (%) | 14.5% | 10.4% | 5.2% | 1.9% | 9.6% | -26.3% | 2.2% | 6.1% | -34.8% | -9.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 22 | 26 | 37 | 43 | 26 | 31 | 45 | 47 | 38 | 0 |
| Depreciation ⓘ | 30 | 37 | 39 | 39 | 33 | 16 | 15 | 15 | 19 | 19 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 26 | 0 | -38 | -72 | -10 | -220 | -58 | -58 | -102 | -22 |
| Tax ⓘ | 7 | 4 | 0 | -1 | -1 | 3 | 2 | 2 | 0 | -1 |
| Profit After Tax | 19 | -3 | -39 | -71 | -8 | -223 | -60 | -60 | -101 | -21 |
| PAT Margin (%) | 3.6% | -0.5% | -5.3% | -13.4% | -1.6% | -33.7% | -50.6% | -91.2% | -78.3% | -68.2% |
| Adjusted EPS (₹) | 0.5 | -0.1 | -1.0 | -1.9 | -0.2 | -5.8 | -1.6 | -1.6 | -2.7 | -0.6 |
| Dividend Payout Ratio (%) | 20% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 127 | 124 | 85 | 14 | 6 | -216 | -276 | -337 | -438 | -459 |
| Share Capital ⓘ | 77 | 77 | 77 | 77 | 77 | 77 | 77 | 77 | 77 | 77 |
| Reserves ⓘ | 50 | 47 | 9 | -62 | -70 | -293 | -353 | -413 | -514 | -535 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 354 | 368 | 419 | 543 | 546 | 554 | 524 | 525 | 524 | 524 |
| Long Term Debt | 354 | 244 | 211 | 331 | 332 | 338 | 318 | 318 | 318 | 318 |
| Short Term Debt | 0 | 124 | 208 | 212 | 214 | 216 | 206 | 207 | 206 | 206 |
| Trade Payables | 4 | 5 | 3 | 3 | 7 | 1 | 1 | 1 | 0 | 6 |
| Others Liabilities ⓘ | 138 | 133 | 182 | 22 | 20 | 21 | 68 | 116 | 153 | 157 |
| Total Liabilities ⓘ | 624 | 630 | 689 | 582 | 578 | 359 | 317 | 305 | 240 | 228 |
Fixed Assets | ||||||||||
| Gross Block | 444 | 473 | 473 | 473 | 375 | 375 | 375 | 375 | 375 | 375 |
| Accumulated Depreciation | 79 | 116 | 156 | 195 | 140 | 156 | 171 | 186 | 205 | 225 |
| Net Fixed Assetsⓘ | 365 | 357 | 317 | 278 | 235 | 219 | 204 | 189 | 170 | 151 |
| CWIP ⓘ | 8 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investmentsⓘ | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Inventories | 118 | 120 | 198 | 197 | 155 | 44 | 12 | 1 | 0 | 4 |
| Trade Receivables | 111 | 128 | 154 | 90 | 137 | 17 | 14 | 4 | 15 | 18 |
| Cash Equivalents | 3 | 2 | 1 | 2 | 4 | 3 | 3 | 2 | 0 | 0 |
| Others Assetsⓘ | 11 | 15 | 9 | 5 | 38 | 67 | 74 | 99 | 46 | 46 |
| Total Assets ⓘ | 624 | 630 | 689 | 582 | 578 | 359 | 317 | 305 | 240 | 228 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -9 | 9 | -51 | -120 | -10 | -9 | 30 | -2 | 0 | 0 |
| PBT ⓘ | 26 | 0 | -38 | -72 | -10 | -220 | -58 | -58 | -102 | -22 |
| Adjustment ⓘ | 52 | 37 | 39 | 39 | 33 | 16 | 15 | 15 | 24 | 19 |
| Changes in Working Capital ⓘ | -83 | -24 | -52 | -87 | -34 | 195 | 73 | 41 | 78 | 3 |
| Tax Paid ⓘ | -5 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -145 | -21 | -1 | 0 | 10 | 0 | 0 | 0 | 0 | 0 |
| Capex | -145 | -21 | -1 | 0 | 10 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 154 | 11 | 51 | 121 | 2 | 8 | -30 | 1 | -1 | 0 |
| Net Proceeds from Shares ⓘ | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 15 | -32 | 117 | 0 | 6 | -20 | 0 | 0 | 0 |
| Interest Paid ⓘ | -22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -6 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 82 | 0 | 84 | 4 | 2 | 2 | -10 | 1 | -1 | 0 |
| Net Cash Flow ⓘ | 1 | -1 | 0 | 1 | 2 | -1 | 0 | -1 | -1 | 0 |
| PARTICULARS | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.09 | -2.49 | -37.08 | -142.58 | -83.14 | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 9.89 | 4.98 | -0.2 | -5.5 | 2.99 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1 | 0.98 | 1.11 | 0.83 | 0.9 | 1.41 | 0.35 | 0.21 | 0.47 | 0.13 |
| PAT to CFO Conversion(x) | -0.47 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 65 | 71 | 70 | 85 | 80 | 43 | 48 | 50 | 27 | 195 |
| Inventory Days | 65 | 71 | 79 | 137 | 123 | 55 | 86 | 37 | 3 | 29 |
| Payable Days | 21 | 4 | 3 | 2 | 4 | 2 | 4 | 9 | 2 | 49 |
Jaybharat Textiles and Real Estate was established in 1985 as Classic Synthetic and Silk Mills under the Tayal Group. The company got its current name in December 2005.
The company is engaged in the business of textiles for it produces cotton yarn by rotor spinning. It also undertakes ring doubling of cotton yarns. The company has recently entered into the business of real estate. The chairman of Jaybharat Textiles and Real Estate Company is Saurabh Kumar Tayal and the managing director is Gaurav Mohinderlal Aggarwal. The corporate office of the company is in Mumbai and its registered office is in Gujarat.
Jaybharat Textiles and Real Estate plans to expand and diversify into the sectors of foam manufacture, shirting and cotton sheeting, terry towel, and also extend its current facilities for weaving. The company plans to extend its textile fabric and yarn spinning processing facilities. Jaybharat Real Estate and Textiles envisages installing 75,600 spindles, which will have an output of around 10,700 TPA and will manufacture cotton yarn.
Jaybharat Textiles and Real Estate’s project for real estate is coming up in Vapi. The company is constructing a shopping mall, banquet hall, 3-star hotel, auditorium and multiplexes. The net sales of Jaybharat Textiles and Real Estate amounted to Rs. 518.26 million in 20005-2006 and the next year the figure amounted to Rs. 994.2 million. The net profit of the company amounted to Rs. 64.93 million in 2005-2006 which increased to Rs. 149.5 million within the next year.
Jaybharat Textiles and Real Estate has become one of the leading companies of India and as it plans to expand and diversify in the future the company is bound to scale newer heights.
Business areas of the company:
The Group's principal activities are to manufacture and market cotton yarn by rotor spinning. The Group operates in two segments: Textile and Real Estate. The real estate development includes construction of commercial complex, shopping mall, five screen multiplex, restaurants, food courts and commercial offices. The Group operates only in India.
Awards and achievements:
• CARE assigned a BBB- rating to the long-term bank facilities of the company.
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