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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jubilant Foodworks Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:57 pm

Market Cap 40,280 Cr.
Current Price 610
High / Low715/421
Stock P/E165
Book Value 33.1
Dividend Yield0.20 %
ROCE11.2 %
ROE13.0 %
Face Value 2.00
PEG Ratio12.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jubilant Foodworks Ltd

Competitors of Jubilant Foodworks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Howard Hotels Ltd 22.8 Cr. 25.033.5/15.2 10.40.00 %9.86 %8.53 % 10.0
HS India Ltd 25.5 Cr. 15.720.8/12.519.6 19.00.00 %6.90 %4.47 % 10.0
Gujarat Hotels Ltd 85.1 Cr. 225261/15118.8 1191.11 %13.9 %11.2 % 10.0
Graviss Hospitality Ltd 308 Cr. 43.664.7/35.123.2 26.50.00 %1.80 %1.40 % 2.00
Goel Food Products Ltd 42.1 Cr. 22.378.0/21.310.8 11.92.24 %18.9 %25.4 % 10.0
Industry Average9,503.48 Cr473.94112.5891.790.40%12.66%15.98%6.76

All Competitor Stocks of Jubilant Foodworks Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales8931,1161,2111,1761,2551,3011,3321,2701,3351,3691,3781,5731,933
Expenses6818298949029629901,0461,0521,1001,0911,0981,2621,553
Operating Profit212287317274293312286218235277280310380
OPM %24%26%26%23%23%24%22%17%18%20%20%20%20%
Other Income1181112112710209422019714
Interest4242454647505253545762114134
Depreciation9193103106107115133132136142152169184
Profit before tax9016117913414917411153541218622477
Tax %23%25%26%28%25%25%28%47%47%19%23%7%24%
Net Profit6912013396113132802929976620858
EPS in Rs1.051.822.031.471.711.991.220.430.441.471.003.140.85

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,4141,7362,0932,4382,5833,0183,5633,9273,3124,3965,1585,6546,253
Expenses1,1711,4861,8362,1732,3392,5762,9613,0452,5323,2904,0224,5115,005
Operating Profit2432502562652454426038837801,1061,1361,1431,248
OPM %17%14%12%11%9%15%17%22%24%25%22%20%20%
Other Income69610-1214438642640227273
Interest0000000165163176201288368
Depreciation5679101128155160157352375393486598646
Profit before tax19418016114788303490403306563489485508
Tax %32%34%31%34%35%35%35%31%25%26%28%18%
Net Profit1311181119758196318279231418353400429
EPS in Rs2.011.811.691.470.882.974.854.243.516.375.356.056.46
Dividend Payout %0%0%15%17%29%17%21%28%34%19%22%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-9.92%-5.93%-12.61%-40.21%237.93%62.24%-12.26%-17.20%80.95%-15.55%13.31%
Change in YoY Net Profit Growth (%)0.00%3.99%-6.68%-27.59%278.14%-175.69%-74.51%-4.94%98.16%-96.50%28.86%

Jubilant Foodworks Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:10%
3 Years:20%
TTM:29%
Compounded Profit Growth
10 Years:9%
5 Years:-3%
3 Years:5%
TTM:4%
Stock Price CAGR
10 Years:16%
5 Years:14%
3 Years:-7%
1 Year:14%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:18%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital656566666666132132132132132132132
Reserves3644855816967399021,1289901,2951,8131,9062,0392,053
Borrowings00000001,6701,6202,1062,5544,2074,242
Other Liabilities2223124294604855295965787207317911,6601,829
Total Liabilities6528621,0751,2221,2911,4971,8563,3703,7674,7825,3828,0388,255
Fixed Assets3955467378288007898092,1892,1462,7373,4886,1846,340
CWIP10202026611416412947184118130
Investments949475919426318151517927822308290
Other Assets1532022432773364308501,0891,0761,0728881,4281,495
Total Assets6528621,0751,2221,2911,4971,8563,3703,7674,7825,3828,0388,255

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2092252762122044094247287519301,0261,010
Cash from Investing Activity +-191-233-262-200-188-332-457-99-602-654-595-1,285
Cash from Financing Activity +111-18-15-35-17-461-289-307-426377
Net Cash Flow20-615-6042-51168-140-315102

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow243.00250.00256.00265.00245.00442.00603.00882.00779.00-1.00-1.00-3.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2222223222217
Inventory Days2427303535313235675952112
Days Payable131140168186182185173166268198164251
Cash Conversion Cycle-105-111-136-150-144-153-139-129-199-137-110-122
Working Capital Days-40-41-49-43-43-44-42-39-54-38-34-26
ROCE %54%37%27%21%13%34%44%30%16%21%16%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%
FIIs41.41%39.77%31.87%29.80%28.66%26.77%25.38%25.22%26.14%27.75%23.24%20.38%
DIIs10.86%11.37%15.59%17.20%19.74%20.70%21.66%22.33%22.16%21.94%25.86%29.69%
Government0.13%0.13%0.13%0.14%0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%
Public5.45%6.60%10.22%10.71%9.28%10.23%10.63%10.14%9.36%7.97%8.42%7.44%
Others0.21%0.19%0.25%0.21%0.18%0.18%0.18%0.18%0.21%0.21%0.36%0.36%
No. of Shareholders1,32,8582,11,6963,77,0384,73,9274,77,1625,35,9785,70,2535,60,7185,38,5024,78,9154,78,5894,39,120

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Focused Equity Fund22,700,0003.81359.285,990,1942024-11-20278.95%
SBI Magnum Midcap Fund7,501,0002.13449.165,990,1942024-11-2025.22%
Nippon India Growth Fund6,700,0001.22401.25,990,1942024-11-2011.85%
Nippon India Multi Cap Fund5,990,1940.97358.695,990,1942024-11-200%
SBI Large & Midcap Fund5,878,7501.29352.025,990,1942024-11-20-1.86%
SBI Flexi Cap Fund5,860,5901.54350.935,990,1942024-11-20-2.16%
UTI Flexi Cap Fund4,777,9701.08286.15,990,1942024-11-20-20.24%
DSP Mid Cap Fund4,500,9181.35269.525,990,1942024-11-20-24.86%
Franklin India Focused Equity Fund4,000,0001.91239.525,990,1942024-11-20-33.22%
UTI Mid Cap Fund3,065,4951.48183.565,990,1942024-11-20-48.82%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)6.055.3531.6817.5521.22
Diluted EPS (Rs.)6.055.3531.6817.5521.22
Cash EPS (Rs.)14.8813.1162.2545.9147.82
Book Value[Excl.RevalReserv]/Share (Rs.)34.0030.88148.15108.8385.83
Book Value[Incl.RevalReserv]/Share (Rs.)34.0030.88148.15108.8385.83
Revenue From Operations / Share (Rs.)85.6978.17333.12250.96297.59
PBDIT / Share (Rs.)17.9618.2287.1563.9771.62
PBIT / Share (Rs.)8.9010.8557.3735.5344.93
PBT / Share (Rs.)7.127.8043.4723.2030.52
Net Profit / Share (Rs.)5.825.7532.4717.4721.13
NP After MI And SOA / Share (Rs.)6.055.3531.8617.5521.22
PBDIT Margin (%)20.9623.3026.1625.4924.06
PBIT Margin (%)10.3813.8817.2214.1515.09
PBT Margin (%)8.309.9813.049.2410.25
Net Profit Margin (%)6.797.359.746.967.09
NP After MI And SOA Margin (%)7.066.849.566.997.12
Return on Networth / Equity (%)18.3917.3321.6116.2324.95
Return on Capital Employeed (%)9.4616.4419.6016.1322.30
Return On Assets (%)4.916.568.796.158.30
Long Term Debt / Equity (X)0.550.080.060.000.00
Total Debt / Equity (X)0.690.080.060.000.00
Asset Turnover Ratio (%)0.831.011.010.911.48
Current Ratio (X)0.600.661.000.971.21
Quick Ratio (X)0.380.490.820.811.07
Inventory Turnover Ratio (X)4.336.936.345.9510.66
Dividend Payout Ratio (NP) (%)19.8222.4118.830.0051.84
Dividend Payout Ratio (CP) (%)7.939.439.730.0022.95
Earning Retention Ratio (%)80.1877.5981.170.0048.16
Cash Earning Retention Ratio (%)92.0790.5790.270.0077.05
Interest Coverage Ratio (X)4.125.976.535.195.72
Interest Coverage Ratio (Post Tax) (X)1.752.883.472.422.84
Enterprise Value (Cr.)31006.6028978.7834346.3537913.4418757.55
EV / Net Operating Revenue (X)5.485.627.8111.454.78
EV / EBITDA (X)26.1624.1129.8644.9119.84
MarketCap / Net Operating Revenue (X)5.235.637.9111.614.94
Retention Ratios (%)80.1777.5881.160.0048.15
Price / BV (X)13.6314.2617.8826.9417.29
Price / Net Operating Revenue (X)5.235.637.9111.614.94
EarningsYield0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jubilant Foodworks Ltd as of November 21, 2024 is: 711.41

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Jubilant Foodworks Ltd is Undervalued by 16.62% compared to the current share price 610.00

Intrinsic Value of Jubilant Foodworks Ltd as of November 21, 2024 is: 803.72

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Jubilant Foodworks Ltd is Undervalued by 31.76% compared to the current share price 610.00

Last 5 Year EPS CAGR: 12.98%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 27.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -41.08, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -136.25, which is a positive sign.
  4. The company has shown consistent growth in sales (3.08 cr) and profit (332.08 cr) over the years.
  1. The company has higher borrowings (1,261.46) compared to reserves (1,153.15), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Jubilant Foodworks Ltd:
    1. Net Profit Margin: 6.79%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.46% (Industry Average ROCE: 12.66%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.39% (Industry Average ROE: 15.98%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.75
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.38
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 165 (Industry average Stock P/E: 112.58)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.69
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Jubilant Foodworks Ltd. is a Public Limited Listed company incorporated on 16/03/1995 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L74899UP1995PLC043677 and registration number is 043677. Currently Company is involved in the business activities of Cafeterias, fast-food restaurants and other food preparation in market stalls. Company’s Total Operating Revenue is Rs. 4331.10 Cr. and Equity Capital is Rs. 131.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsPlot No.1A, Sector-16A, Noida Uttar Pradesh 201301investor@jublfood.com
http://www.jubilantfoodworks.com
Management
NamePosition Held
Mr. Shyam S BhartiaChairman & Director
Mr. Hari S BhartiaCo-Chairman & Director
Mr. Sameer KhetarpalManaging Director & CEO
Mr. Shamit BhartiaNon Executive Director
Ms. Aashti BhartiaNon Executive Director
Mr. Vikram Singh MehtaIndependent Director
Mr. Abhay Prabhakar HavaldarIndependent Director
Mr. Ashwani WindlassIndependent Director
Mr. Berjis Minoo DesaiIndependent Director
Ms. Deepa Misra HarrisIndependent Director
Mr. Amit JainIndependent Director

FAQ

What is the latest intrinsic value of Jubilant Foodworks Ltd?

The latest intrinsic value of Jubilant Foodworks Ltd as on 21 November 2024 is ₹711.41, which is 16.62% higher than the current market price of ₹610.00.

What is the Market Cap of Jubilant Foodworks Ltd?

The Market Cap of Jubilant Foodworks Ltd is 40,280 Cr..

What is the current Stock Price of Jubilant Foodworks Ltd as on 21 November 2024?

The current stock price of Jubilant Foodworks Ltd as on 21 November 2024 is ₹610.

What is the High / Low of Jubilant Foodworks Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jubilant Foodworks Ltd stocks is 715/421.

What is the Stock P/E of Jubilant Foodworks Ltd?

The Stock P/E of Jubilant Foodworks Ltd is 165.

What is the Book Value of Jubilant Foodworks Ltd?

The Book Value of Jubilant Foodworks Ltd is 33.1.

What is the Dividend Yield of Jubilant Foodworks Ltd?

The Dividend Yield of Jubilant Foodworks Ltd is 0.20 %.

What is the ROCE of Jubilant Foodworks Ltd?

The ROCE of Jubilant Foodworks Ltd is 11.2 %.

What is the ROE of Jubilant Foodworks Ltd?

The ROE of Jubilant Foodworks Ltd is 13.0 %.

What is the Face Value of Jubilant Foodworks Ltd?

The Face Value of Jubilant Foodworks Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jubilant Foodworks Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE