BSE: 500220 | NSE: JASCHIND | Textile - Weaving | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jasch Industries Ltd is a good quality company.
The key valuation ratios of Jasch Industries 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 Jasch Industries 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 % ⓘ | 15.4% | 17.8% | 17.8% | 16.9% | 17.4% | 12.5% | 24.1% | 33.2% | 6.4% | 21% | - |
| Value Creation Index ⓘ | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 | -0.1 | 0.7 | 1.4 | -0.5 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 94.7 | 98.4 | 104 | 130 | 153 | 130 | 134 | 214 | 167 | 172 | 171 |
| Sales YoY Gr. | - | 4% | 6.2% | 24.8% | 17.4% | -15.3% | 3.6% | 59.6% | -22% | 2.7% | - |
| Adj EPS ⓘ | 2.6 | 3.7 | 4.1 | 4.5 | 7.2 | 6.5 | 10.1 | 18 | 4.4 | 13.6 | 10.9 |
| YoY Gr. | - | 41.2% | 11.6% | 8% | 61.7% | -10% | 55.3% | 78.7% | -75.7% | 210.5% | - |
| BVPS (₹) ⓘ | 27.6 | 31.2 | 35.4 | 40.2 | 47.1 | 51.1 | 61.4 | 79.2 | 69.6 | 83.1 | 87.8 |
| Adj Net Profit ⓘ | 3 | 4.2 | 4.7 | 5.1 | 8.2 | 7.4 | 11.4 | 20.4 | 3 | 9.2 | 7 |
| Cash Flow from Ops. ⓘ | 3.8 | 7.2 | 11 | 9.3 | 11.7 | 7 | -1.3 | 3 | -23 | 4 | - |
| Debt/CF from Ops. ⓘ | 4.3 | 2 | 1.9 | 2.2 | 2 | 0.5 | -2.9 | 1.6 | -0.4 | 3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.8% | 2.3% | 8.5% | 2.7% | ||||
| Adj EPS ⓘ | 20.1% | 13.5% | 10.4% | 210.5% | ||||
| BVPSⓘ | 13% | 12% | 10.6% | 19.3% | ||||
| Share Price | 25.8% | 43.7% | 17.1% | -44.1% | ||||
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 % ⓘ | 10 | 12.6 | 12.4 | 11.8 | 16.5 | 13.2 | 17.9 | 25.6 | 4.3 | 17.8 | 12.8 |
| Op. Profit Mgn % ⓘ | 9.2 | 11.2 | 11 | 9.4 | 9.6 | 10.8 | 13.2 | 13.6 | 4.2 | 9 | 7.8 |
| Net Profit Mgn % ⓘ | 3.1 | 4.3 | 4.5 | 3.9 | 5.3 | 5.7 | 8.5 | 9.5 | 1.8 | 5.4 | 4.3 |
| Debt to Equity ⓘ | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 122 | 125 | 130 | 132 | 119 | 139 | 145 | 106 | 132 | 113 | 61 |
| Cash Conv. Cycle ⓘ | 68 | 71 | 68 | 60 | 54 | 61 | 63 | 48 | 70 | 68 | 29 |
Net Profit is growing at healthy rate in last 3 years 10.42%
Return on Equity has declined versus last 3 years average to 12.80%
Sales growth has been subdued in last 3 years 8.52%
Sales growth is not so good in last 4 quarters at -11.41%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.9 | 33.1 |
| TTM Sales (₹ Cr.) | 171 | 227 |
| BVPS (₹.) ⓘ | 87.8 | 172.6 |
| Reserves (₹ Cr.) ⓘ | 53 | 111 |
| P/BV ⓘ | 2.12 | 1.08 |
| PE ⓘ | 17.05 | 5.61 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 154.00 / 377.00 |
| All Time Low / High (₹) | 0.70 / 377.00 |
| Market Cap (₹ Cr.) | 126 |
| Equity (₹ Cr.) | 6.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 24.2 |
| 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 | 95 | 98 | 104 | 130 | 153 | 130 | 134 | 214 | 167 | 172 |
| Operating Expenses ⓘ | 86 | 88 | 93 | 118 | 139 | 120 | 117 | 185 | 160 | 156 |
| Manufacturing Costs | 12 | 11 | 10 | 12 | 13 | 11 | 10 | 17 | 20 | 19 |
| Material Costs | 64 | 63 | 68 | 86 | 105 | 86 | 89 | 145 | 125 | 120 |
| Employee Cost | 6 | 7 | 9 | 11 | 13 | 12 | 13 | 15 | 9 | 11 |
| Other Costs ⓘ | 4 | 6 | 7 | 9 | 8 | 10 | 5 | 8 | 6 | 6 |
| Operating Profit ⓘ | 9 | 11 | 11 | 12 | 14 | 10 | 18 | 29 | 7 | 15 |
| Operating Profit Margin (%) | 9.2% | 10.9% | 11.0% | 9.4% | 9.4% | 7.7% | 13.1% | 13.5% | 4.2% | 8.8% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 0 | 1 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 6 | 7 | 8 | 10 | 6 | 16 | 27 | 4 | 12 |
| Tax ⓘ | 2 | 2 | 2 | 3 | 2 | 2 | 4 | 7 | 1 | 3 |
| Profit After Tax | 3 | 4 | 5 | 5 | 8 | 5 | 11 | 20 | 3 | 9 |
| PAT Margin (%) | 3.3% | 4.2% | 4.6% | 4.1% | 5.1% | 3.5% | 8.5% | 9.4% | 1.8% | 5.2% |
| Adjusted EPS (₹) | 2.7 | 3.6 | 4.3 | 4.7 | 6.9 | 4.0 | 10.0 | 17.9 | 4.4 | 13.2 |
| 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 | 31 | 35 | 40 | 46 | 53 | 58 | 70 | 90 | 47 | 56 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 7 | 7 |
| Reserves ⓘ | 20 | 24 | 29 | 34 | 42 | 47 | 58 | 78 | 41 | 50 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15 | 12 | 19 | 19 | 22 | 2 | 3 | 4 | 7 | 11 |
| Long Term Debt | 6 | 5 | 5 | 3 | 3 | 2 | 1 | 1 | 3 | 4 |
| Short Term Debt | 9 | 8 | 15 | 17 | 19 | 0 | 1 | 2 | 4 | 8 |
| Trade Payables | 13 | 11 | 15 | 21 | 19 | 18 | 21 | 24 | 17 | 11 |
| Others Liabilities ⓘ | 11 | 12 | 15 | 16 | 14 | 13 | 16 | 23 | 7 | 10 |
| Total Liabilities ⓘ | 69 | 70 | 90 | 102 | 108 | 91 | 110 | 141 | 79 | 89 |
Fixed Assets | ||||||||||
| Gross Block | 47 | 50 | 54 | 58 | 62 | 67 | 67 | 68 | 63 | 68 |
| Accumulated Depreciation | 23 | 26 | 29 | 30 | 33 | 36 | 37 | 39 | 37 | 39 |
| Net Fixed Assetsⓘ | 23 | 25 | 25 | 28 | 29 | 31 | 30 | 29 | 26 | 29 |
| CWIP ⓘ | 2 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 5 | 5 | 5 | 11 | 12 | 3 | 0 | 0 | 0 | 0 |
| Inventories | 12 | 13 | 17 | 22 | 20 | 20 | 22 | 31 | 23 | 20 |
| Trade Receivables | 23 | 24 | 23 | 25 | 23 | 22 | 28 | 28 | 25 | 27 |
| Cash Equivalents | 2 | 1 | 14 | 11 | 17 | 6 | 24 | 42 | 1 | 4 |
| Others Assetsⓘ | 2 | 2 | 5 | 5 | 4 | 9 | 5 | 10 | 3 | 8 |
| Total Assets ⓘ | 69 | 70 | 90 | 102 | 108 | 91 | 110 | 141 | 79 | 89 |
| 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 | 7 | 11 | 9 | 12 | 7 | -1 | 3 | -23 | 4 |
| PBT ⓘ | 5 | 6 | 7 | 8 | 10 | 6 | 16 | 27 | 4 | 12 |
| Adjustment ⓘ | 4 | 5 | 5 | 5 | 4 | 7 | 2 | 3 | 3 | 3 |
| Changes in Working Capital ⓘ | -4 | -2 | 2 | -1 | 0 | -4 | -16 | -20 | -29 | -8 |
| Tax Paid ⓘ | -2 | -2 | -2 | -3 | -2 | -2 | -3 | -7 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -4 | -3 | -2 | -10 | -6 | 3 | 2 | -1 | 16 | -4 |
| Capex | -4 | -3 | -3 | -5 | -7 | -2 | -2 | -2 | -29 | -5 |
| Net Investments | 0 | 0 | 0 | -3 | -1 | 4 | 3 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | -2 | 1 | 2 | 1 | 1 | 44 | 1 |
| Cash Flow From Financing Activityⓘ | 1 | -5 | 0 | -2 | 0 | -22 | 0 | 1 | 8 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3 | -1 | -1 | -2 | 0 | -1 | -1 | 0 | 3 | 1 |
| Interest Paid ⓘ | -2 | -2 | -2 | -2 | -2 | -2 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 3 | 2 | 2 | -19 | 1 | 1 | 5 | 4 |
| Net Cash Flow ⓘ | 0 | 0 | 8 | -3 | 6 | -12 | 0 | 3 | 0 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.4 | 12.32 | 12.76 | 12.54 | 15.88 | 8.16 | 17.82 | 25.42 | 4.34 | 17.34 |
| ROCE (%) | 15.36 | 17.84 | 17.76 | 16.87 | 17.42 | 12.47 | 24.11 | 33.15 | 6.4 | 21.01 |
| Asset Turnover Ratio | 1.6 | 1.59 | 1.46 | 1.4 | 1.46 | 1.3 | 1.34 | 1.71 | 1.52 | 2.05 |
| PAT to CFO Conversion(x) | 1.33 | 1.75 | 2.2 | 1.8 | 1.5 | 1.4 | -0.09 | 0.15 | -7.67 | 0.44 | Working Capital Days |
| Receivable Days | 73 | 78 | 73 | 65 | 57 | 64 | 69 | 48 | 58 | 56 |
| Inventory Days | 44 | 41 | 47 | 54 | 51 | 56 | 56 | 45 | 59 | 46 |
| Payable Days | 65 | 66 | 70 | 77 | 70 | 80 | 81 | 57 | 60 | 43 |
Jasch Industries (India) is in automation industry, market leader for metal or flat sheet industrial measurement systems, started in year 2000 as a part of Jasch group. The company's world class products for online inspection are produced after exhaustive research at Sonipat facility.
Instruments like Thickness gauge, Coating thickness Gauge, Paint thickness gauge, basis weight/ash/moisture measurement with Paper Gauge along with quality control systems (QCS) are manufactured for industries like Paper, Plastic films, Lamination, Aluminum, Rolled steel, Galvanized, Paint coated metal, Float glass and will continue to extend that lead by delivering compelling business solutions, business-focused hardware, software products, robust service and support, above all cost effective solutions with performance enhancing electronic precision products and tools. System Measures various parameters with high accuracy at online production lines and mills by electronic non-destructive and non-contact gauge instruments.
As a prime mover & shaker in the flat product manufacturing industries for automation by our gauging power equipments, the company is striving hard to cut costs & become one of the major suppliers in the world for industrial quality inspection products.
Other group activities are in synthetic leather, non-woven, chemicals etc. In year 2006 a new company has been founded for Level II automation in steel plants with 50% partnership of German company - Gesco mbH.
Product range of the company includes:
1. Metals
2. Paper & Board
3. Plastic Foil and Sheet
Achievements/ recognition :
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