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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jaiprakash Associates Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 1:13 pm

Market Cap 1,539 Cr.
Current Price 6.27
High / Low27.2/6.08
Stock P/E
Book Value 15.9
Dividend Yield0.00 %
ROCE3.15 %
ROE%
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Jaiprakash Associates Ltd

Competitors of Jaiprakash Associates Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 26.4 Cr. 52.967.2/15.08.18 70.70.00 %%% 10.0
HB Estate Developers Ltd 174 Cr. 89.4125/41.023.4 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,109 Cr. 56.363.9/15.213.2 19.50.53 %%% 1.00
Gyan Developers & Builders Ltd 6.64 Cr. 22.133.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 54.0 Cr. 114163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average11,256.05N/A32.12N/AN/A22.9514.65N/A

All Competitor Stocks of Jaiprakash Associates Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,3171,4402,5171,4841,6901,8891,6391,6601,9541,8761,9081,4291,896
Expenses1,4291,3661,8261,4191,7081,8371,9061,5871,9171,7411,6581,3511,806
Operating Profit-1127469265-1851-26773371362507890
OPM %-9%5%27%4%-1%3%-16%4%2%7%13%5%5%
Other Income4510143161133572-4371-53-3086815
Interest237247259239261288247286313281174226253
Depreciation146145137134143134110100145101779796
Profit before tax-449-308439-291-309-336-552-356-349-299-309-176-245
Tax %-1%2%3%-1%-1%-4%1%-7%3%-5%-2%-4%-1%
Net Profit-453-302424-293-311-348-546-381-340-315-316-183-248
EPS in Rs-1.88-1.231.74-1.18-1.24-1.40-2.20-1.53-1.36-1.26-1.31-0.74-1.00

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales14,87418,95019,83219,66618,39713,7597,6459,2107,0356,4065,7527,2636,735
Expenses9,43012,11613,29513,35613,52512,0598,2369,8507,0315,7035,8426,6186,220
Operating Profit5,4436,8356,5386,3104,8711,700-591-6405703-90645515
OPM %37%36%33%32%26%12%-8%-7%0%11%-2%9%8%
Other Income32518953060975-2,9461,262-2612,702207-5-520-415
Interest3,1924,6626,2337,3387,8477,4692,4869881,1591,0019981,056923
Depreciation9521,4361,7081,6941,8201,888782592603568395381367
Profit before tax1,625925-874-2,113-4,721-10,603-2,597-2,481945-659-1,487-1,312-1,189
Tax %42%16%20%27%33%11%0%-7%41%-1%-1%-3%
Net Profit947777-703-1,551-3,164-9,413-2,597-2,644561-667-1,498-1,352-1,223
EPS in Rs2.982.08-3.72-7.13-12.13-35.79-7.96-8.414.50-2.71-6.02-5.47-4.98
Dividend Payout %20%24%-3%-1%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-17.95%-190.48%-120.63%-104.00%-197.50%72.41%-1.81%121.22%-218.89%-124.59%9.75%
Change in YoY Net Profit Growth (%)0.00%-172.52%69.85%16.63%-93.51%269.91%-74.22%123.03%-340.11%94.31%134.33%

Jaiprakash Associates Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-10%
5 Years:-7%
3 Years:1%
TTM:-12%
Compounded Profit Growth
10 Years:1%
5 Years:7%
3 Years:-20%
TTM:-9%
Stock Price CAGR
10 Years:-14%
5 Years:24%
3 Years:-13%
1 Year:-67%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital444444486486486486486486489491491491
Reserves12,1099,82614,46912,0303,3244,1926061,6951,073-406-1,742-3,085
Borrowings63,11172,59975,27466,24638,95328,85928,67819,69219,14619,09716,45815,412
Other Liabilities18,88419,80719,27221,42418,59016,08826,81914,41515,65418,20922,56123,323
Total Liabilities94,548102,676109,501100,18761,35449,62656,59036,28936,36237,39137,76836,141
Fixed Assets42,55745,43453,77542,78518,58919,71419,8459,5898,9888,6184,9584,607
CWIP22,30227,12419,42011,3212,8661,465673679714247193289
Investments3,4623,0423,0262,7132,1271,3181,2101,6711,4621,4621,4921,203
Other Assets26,22727,07633,28043,36937,77227,12934,86024,35125,19827,06431,12530,042
Total Assets94,548102,676109,501100,18761,35449,62656,59036,28936,36237,39137,76836,141

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +5,5224,5533,6966,6765,793-8557708271,076217611,170
Cash from Investing Activity +-11,803-7,316-3,6087,000-1,42615,122-3-266-360-116134
Cash from Financing Activity +6,7132,546-518-14,421-4,554-14,220-931-570-743-281-625-960
Net Cash Flow432-216-430-745-18747-165-10330-20020344

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow5.00-57.00-66.00-69.00-62.00-37.00-619.00-668.00-14.00684.00-109.00629.00

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 Days40396484499385120121194121129
Inventory Days1,0427931,1488761,4072,8163,1732,1213,0832,7622,3622,746
Days Payable399325365146257481405392442468334384
Cash Conversion Cycle6835078478141,1992,4272,8531,8492,7632,4882,1492,491
Working Capital Days-31-95-38373-133292121413617761628648
ROCE %8%6%5%4%-0%-3%-4%-2%1%-1%3%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters38.12%38.30%38.17%38.17%38.17%38.16%38.07%37.74%37.71%29.97%29.97%30.23%
FIIs0.87%0.92%1.10%1.13%1.20%1.07%0.97%0.57%0.89%0.98%2.08%2.67%
DIIs1.75%1.75%1.74%1.69%1.70%1.32%1.28%1.28%1.33%9.24%9.15%9.11%
Government0.81%0.81%0.81%0.81%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public58.45%58.22%58.19%58.20%58.94%59.46%59.68%60.39%60.07%59.81%58.80%57.98%
No. of Shareholders6,08,7796,09,9216,13,8736,34,4196,21,2316,19,6136,07,6706,00,8415,84,0295,92,2826,04,6236,33,593

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund1,484,9030.492.243,3482024-11-1944251.94%
Groww Nifty Total Market Index Fund3,3480.020.013,3482024-11-190%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-5.46-5.47-6.02-2.724.50
Diluted EPS (Rs.)-5.46-5.47-6.02-2.724.50
Cash EPS (Rs.)-4.89-4.00-3.82-0.406.51
Book Value[Excl.RevalReserv]/Share (Rs.)-10.78-5.310.176.228.83
Book Value[Incl.RevalReserv]/Share (Rs.)-10.78-5.310.176.228.83
Revenue From Operations / Share (Rs.)26.7629.5928.6626.2128.92
PBDIT / Share (Rs.)2.363.340.493.522.12
PBIT / Share (Rs.)0.791.79-1.791.20-0.35
PBT / Share (Rs.)-4.76-3.25-6.06-2.6910.98
Net Profit / Share (Rs.)-6.45-5.56-6.11-2.734.04
NP After MI And SOA / Share (Rs.)-5.46-5.47-6.02-2.714.50
PBDIT Margin (%)8.8211.281.7413.437.34
PBIT Margin (%)2.976.03-6.254.56-1.22
PBT Margin (%)-17.80-10.98-21.15-10.2837.96
Net Profit Margin (%)-24.11-18.78-21.30-10.4113.95
NP After MI And SOA Margin (%)-20.40-18.47-21.01-10.3215.57
Return on Networth / Equity (%)0.000.00-1745.83-42.9450.79
Return on Capital Employeed (%)1.062.20-1.971.26-0.36
Return On Assets (%)-3.70-3.55-3.95-1.813.01
Long Term Debt / Equity (X)-4.65-10.52178.8410.297.66
Total Debt / Equity (X)-5.75-12.80220.9910.678.17
Asset Turnover Ratio (%)0.170.190.100.110.09
Current Ratio (X)1.531.561.581.621.57
Quick Ratio (X)0.640.700.650.640.64
Inventory Turnover Ratio (X)0.180.240.170.130.13
Interest Coverage Ratio (X)0.560.790.110.870.45
Interest Coverage Ratio (Post Tax) (X)0.150.38-0.420.28-0.41
Enterprise Value (Cr.)18369.7217174.5120228.4917427.7417527.06
EV / Net Operating Revenue (X)2.802.362.882.722.49
EV / EBITDA (X)31.7120.95165.2120.2533.92
MarketCap / Net Operating Revenue (X)0.670.230.290.260.03
Price / BV (X)-1.70-1.3624.131.090.12
Price / Net Operating Revenue (X)0.670.230.290.260.03
EarningsYield-0.30-0.78-0.72-0.394.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jaiprakash Associates Ltd as of November 23, 2024 is: 36.49

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 23, 2024, Jaiprakash Associates Ltd is Undervalued by 481.98% compared to the current share price 6.27

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Jaiprakash Associates Ltd as of November 23, 2024 is: 22.81

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 23, 2024, Jaiprakash Associates Ltd is Undervalued by 263.80% compared to the current share price 6.27

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -37.49%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (11.38 cr) and profit (24.23 cr) over the years.
  1. The stock has a low average ROCE of 1.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 296.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 238.75, which may not be favorable.
  4. The company has higher borrowings (38,627.08) compared to reserves (4,507.58), 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 Jaiprakash Associates Ltd:
    1. Net Profit Margin: -24.11%
      • 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: 1.06% (Industry Average ROCE: 22.95%)
      • 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%: 0% (Industry Average ROE: 14.65%)
      • 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): 0.15
      • 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: 0.64
      • 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: 0 (Industry average Stock P/E: 32.12)
      • 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: -5.75
      • 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

Jaiprakash Associates Ltd. is a Public Limited Listed company incorporated on 15/11/1995 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L14106UP1995PLC019017 and registration number is 019017. Currently Company is involved in the business activities of Construction of Buildings. Company’s Total Operating Revenue is Rs. 4220.06 Cr. and Equity Capital is Rs. 490.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringSector-128, Noida Uttar Pradesh 201304jal.investor@jalindia.co.in
http://www.jalindia.com
Management
NamePosition Held
Mr. Jaiprakash GaurDirector & Chairman Emeritus
Mr. Manoj GaurExecutive Chairman & CEO
Mr. Sunil Kumar SharmaVice Chairman
Mr. Pankaj GaurManaging Director
Mr. Naveen Kumar SinghWhole Time Director
Mr. Narinder K GroverIndependent Director
Dr. Y MeduryIndependent Director
Mr. Krishna M SinghIndependent Director
Mr. Vidhya BasarkodIndependent Director
Mr. Pramod K AgrawalIndependent Director

FAQ

What is the latest intrinsic value of Jaiprakash Associates Ltd?

The latest intrinsic value of Jaiprakash Associates Ltd as on 23 November 2024 is ₹36.49, which is 481.98% higher than the current market price of ₹6.27.

What is the Market Cap of Jaiprakash Associates Ltd?

The Market Cap of Jaiprakash Associates Ltd is 1,539 Cr..

What is the current Stock Price of Jaiprakash Associates Ltd as on 23 November 2024?

The current stock price of Jaiprakash Associates Ltd as on 23 November 2024 is 6.27.

What is the High / Low of Jaiprakash Associates Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jaiprakash Associates Ltd stocks is 27.2/6.08.

What is the Stock P/E of Jaiprakash Associates Ltd?

The Stock P/E of Jaiprakash Associates Ltd is .

What is the Book Value of Jaiprakash Associates Ltd?

The Book Value of Jaiprakash Associates Ltd is 15.9.

What is the Dividend Yield of Jaiprakash Associates Ltd?

The Dividend Yield of Jaiprakash Associates Ltd is 0.00 %.

What is the ROCE of Jaiprakash Associates Ltd?

The ROCE of Jaiprakash Associates Ltd is 3.15 %.

What is the ROE of Jaiprakash Associates Ltd?

The ROE of Jaiprakash Associates Ltd is %.

What is the Face Value of Jaiprakash Associates Ltd?

The Face Value of Jaiprakash Associates 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 Jaiprakash Associates 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