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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

JBF Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:00 pm

Market Cap 35.2 Cr.
Current Price 4.30
High / Low/
Stock P/E0.32
Book Value 348
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.05

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

View Share Price Target for JBF Industries Ltd

Competitors of JBF Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bhudevi Infra Projects Ltd 30.5 Cr. 66.566.5/24.616.9 0.500.00 %68.0 %423 % 10.0
Baroda Rayon Corporation Ltd 432 Cr. 189220/15030.0 1500.00 %1.77 %2.20 % 10.0
Paras Petrofils Ltd 107 Cr. 3.214.63/1.80 0.620.00 %3.51 %4.08 % 1.00
JBF Industries Ltd 35.2 Cr. 4.30/0.32 3480.00 %%% 10.0
Century Enka Ltd 1,373 Cr. 629865/37818.7 6411.59 %3.61 %2.56 % 10.0
Industry Average637.33 Cr178.4016.48228.020.32%19.22%107.96%8.20

All Competitor Stocks of JBF Industries Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales46672577870496386074648656742120
Expenses473654671644918789692475577395231
Operating Profit-6711066045715411-103-51-1-1
OPM %-1%10%14%9%5%8%7%2%-2%8%-3,649%-73%
Other Income34-2-238-1,072-1,51531920-0
Interest62655561666359615959575860
Depreciation222222222222211400000
Profit before tax-88-1327-25-39-7-1,098-1,578-66-37-106-59-61
Tax %-0%-23%1%-0%-3%-0%-0%0%0%0%-63%0%0%
Net Profit-88-1627-25-40-7-1,098-1,578-66-37-173-59-61
EPS in Rs-10.78-1.913.30-3.08-4.92-0.82-134.15-192.73-8.09-4.48-21.09-7.25-7.39

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
Sales4,3834,5044,7854,1273,6183,9133,5012,9582,8132,2053,2721,09746
Expenses4,2754,2294,4983,7113,2663,6553,3832,8762,7612,0723,0411,14295
Operating Profit1092762874163522591188252134232-45-50
OPM %2%6%6%10%10%7%3%3%2%6%7%-4%-108%
Other Income12970245685136124-679-418-1,063-1,49221
Interest126158170174241243310253249244250236234
Depreciation8410111297101979599948887140
Profit before tax2887292019655-162-950-332-190-1,169-1,787-262
Tax %-72%41%49%30%36%35%24%20%0%-2%-0%-4%
Net Profit4951151396236-123-758-332-194-1,170-1,853-329
EPS in Rs6.767.092.2921.297.544.35-15.00-92.59-40.56-23.64-142.96-226.39-40.21
Dividend Payout %118%14%87%9%13%11%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 (%)4.08%-70.59%826.67%-55.40%-41.94%-441.67%-516.26%56.20%41.57%-503.09%-58.38%
Change in YoY Net Profit Growth (%)0.00%-74.67%897.25%-882.06%13.46%-399.73%-74.59%572.46%-14.63%-544.66%444.72%

JBF Industries 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:-54%
5 Years:-77%
3 Years:-90%
TTM:-100%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:25%
TTM:132%
Stock Price CAGR
10 Years:-31%
5 Years:-8%
3 Years:-39%
1 Year:0%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 3:29 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital736566828282828282828282
Reserves8829151,0221,4771,5101,385622304111-1,060-2,919-2,929
Borrowings1,7431,4271,7401,7561,6512,3382,4092,6542,6222,5832,4742,474
Other Liabilities7899747159531,472786647589756984425428
Total Liabilities3,4873,3823,5424,2694,7154,5913,7593,6303,5712,5896254
Fixed Assets1,4751,4871,6251,5491,5231,4321,3471,2651,1791,11900
CWIP21601312362626292700
Investments47342442440040942442442442439700
Other Assets1,5181,4101,4922,3182,7712,6981,9631,9151,9391,0466254
Total Assets3,4873,3823,5424,2694,7154,5913,7593,6303,5712,5896254

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +359384287125471-418224-196103186-1430
Cash from Investing Activity +-42131-224-242-90-377-4-2-4-960
Cash from Financing Activity +-305-533-64126-377783-225196-90-56-3-0
Net Cash Flow12-17-094-11-6-29121-1400

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow109.00275.00286.00415.00351.00258.00116.0080.0050.00132.00230.00-47.00

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 Days4547509183893937514031,042
Inventory Days4042394953434649753900
Days Payable525936641244961232915
Cash Conversion Cycle3430537612822563986431,042
Working Capital Days34213996781693938137-31-159-91,845
ROCE %9%9%14%11%9%4%0%-1%2%7%-8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters22.91%22.91%22.91%22.91%22.91%22.91%22.91%22.91%22.91%22.91%22.91%22.91%
FIIs0.00%0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs2.48%2.48%2.48%2.48%2.48%2.48%2.48%2.48%2.48%2.48%2.48%2.50%
Public74.61%74.33%74.60%74.62%74.62%74.61%74.61%74.61%74.61%74.62%74.62%74.59%
No. of Shareholders34,89535,88836,19636,62537,51037,02736,99236,48336,45736,45036,44936,447

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-47.68-26.524.230.3515.33
Diluted EPS (Rs.)-47.68-26.524.220.3515.24
Cash EPS (Rs.)-5.6916.1951.5838.3843.19
Book Value[Excl.RevalReserv]/Share (Rs.)272.99323.19277.95286.26242.32
Book Value[Incl.RevalReserv]/Share (Rs.)272.99323.19277.95286.26242.32
Revenue From Operations / Share (Rs.)1097.461084.491355.641311.651026.55
PBDIT / Share (Rs.)65.1490.44129.3196.0883.01
PBIT / Share (Rs.)23.1546.8182.4858.5655.44
PBT / Share (Rs.)-45.07-21.0413.650.1820.73
Net Profit / Share (Rs.)-47.68-27.434.750.8615.62
NP After MI And SOA / Share (Rs.)-41.56-22.934.750.8615.62
PBDIT Margin (%)5.938.339.537.328.08
PBIT Margin (%)2.104.316.084.465.40
PBT Margin (%)-4.10-1.941.000.012.01
Net Profit Margin (%)-4.34-2.520.350.061.52
NP After MI And SOA Margin (%)-3.78-2.110.350.061.52
Return on Networth / Equity (%)-16.48-7.741.700.306.44
Return on Capital Employeed (%)1.933.756.515.719.20
Return On Assets (%)-2.06-1.140.250.051.48
Long Term Debt / Equity (X)3.472.963.392.441.32
Total Debt / Equity (X)4.954.244.523.182.07
Asset Turnover Ratio (%)0.370.430.600.860.97
Current Ratio (X)0.820.950.870.910.97
Quick Ratio (X)0.650.770.620.610.69
Inventory Turnover Ratio (X)4.143.904.505.575.99
Dividend Payout Ratio (NP) (%)-2.40-6.9742.13229.926.39
Dividend Payout Ratio (CP) (%)236.417.733.875.202.31
Earning Retention Ratio (%)102.40106.9757.87-129.9293.61
Cash Earning Retention Ratio (%)-136.4192.2796.1394.8097.69
Interest Coverage Ratio (X)0.951.331.881.822.39
Interest Coverage Ratio (Post Tax) (X)0.300.591.071.071.45
Enterprise Value (Cr.)11668.0510816.509157.826037.023878.49
EV / Net Operating Revenue (X)1.301.221.030.700.52
EV / EBITDA (X)21.8814.6110.819.626.43
MarketCap / Net Operating Revenue (X)0.250.160.150.060.09
Retention Ratios (%)102.40106.9757.86-129.9293.60
Price / BV (X)1.100.610.760.290.41
Price / Net Operating Revenue (X)0.250.160.150.060.09
EarningsYield-0.14-0.120.020.010.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of JBF Industries Ltd as of November 17, 2024 is: 17.04

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 17, 2024, JBF Industries Ltd is Undervalued by 296.28% compared to the current share price 4.30

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of JBF Industries Ltd as of November 17, 2024 is: 18.09

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 17, 2024, JBF Industries Ltd is Undervalued by 320.70% compared to the current share price 4.30

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 6.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 4.67%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 30.83, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 45.08, which may not be favorable.
    4. The company has higher borrowings (2,155.92) compared to reserves (110.00), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (6.23) and profit (-107.85).

    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 JBF Industries Ltd:
      1. Net Profit Margin: -4.34%
        • 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: 1.93% (Industry Average ROCE: 19.22%)
        • 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%: -16.48% (Industry Average ROE: 107.96%)
        • 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): 0.3
        • 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: 0.65
        • 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: 0.32 (Industry average Stock P/E: 16.48)
        • 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: 4.95
        • 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

    JBF Industries Ltd. is a Public Limited Listed company incorporated on 12/07/1982 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L99999DN1982PLC000128 and registration number is 000128. Currently Company is involved in the business activities of Manufacture of man-made fibres. Company’s Total Operating Revenue is Rs. 3272.23 Cr. and Equity Capital is Rs. 81.87 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Textiles - Manmade Fibre - PFY/PSFSurvey No. 273, Village Athola, Silvassa Dadra & Nagar Haveli 396230sec.shares@jbfmail.com
    http://www.jbfindia.com
    Management
    NamePosition Held
    Mrs. Ujjwala ApteExecutive Director
    Mr. S N ShettyExecutive Director
    Mr. Yash GuptaExecutive Director
    Mrs. Sangita V ChudiwalaIndependent Director
    Mr. Ravi A DalmiaIndependent Director
    Mrs. Bindu D. ShahIndependent Director

    FAQ

    What is the latest intrinsic value of JBF Industries Ltd?

    The latest intrinsic value of JBF Industries Ltd as on 16 November 2024 is ₹17.04, which is 296.28% higher than the current market price of ₹4.30.

    What is the Market Cap of JBF Industries Ltd?

    The Market Cap of JBF Industries Ltd is 35.2 Cr..

    What is the current Stock Price of JBF Industries Ltd as on 16 November 2024?

    The current stock price of JBF Industries Ltd as on 16 November 2024 is ₹4.30.

    What is the High / Low of JBF Industries Ltd stocks in FY 2024?

    In FY 2024, the High / Low of JBF Industries Ltd stocks is /.

    What is the Stock P/E of JBF Industries Ltd?

    The Stock P/E of JBF Industries Ltd is 0.32.

    What is the Book Value of JBF Industries Ltd?

    The Book Value of JBF Industries Ltd is 348.

    What is the Dividend Yield of JBF Industries Ltd?

    The Dividend Yield of JBF Industries Ltd is 0.00 %.

    What is the ROCE of JBF Industries Ltd?

    The ROCE of JBF Industries Ltd is %.

    What is the ROE of JBF Industries Ltd?

    The ROE of JBF Industries Ltd is %.

    What is the Face Value of JBF Industries Ltd?

    The Face Value of JBF Industries Ltd is 10.0.

    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 JBF Industries 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