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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jindal Drilling & Industries Ltd

About the Company - Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Ltd. is a Public Limited Listed company incorporated on 17/10/1983 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27200MH2004PLC147736 and registration number is 147736. Currently Company is involved in the business activities of Off shore extraction of crude petroleum. Company’s Total Operating Revenue is Rs. 419.86 Cr. and Equity Capital is Rs. 14.49 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationPipe Nagar, Village - Sukeli, Raigad District Maharashtra 402126secretarial@jindaldrilling.in
http://www.jindal.com
Management
NamePosition Held
Mr. D P JindalChairman
Mr. Raghav JindalManaging Director
Mr. Vijay Kumar KaushikDirector
Mrs. Saroj BhartiaDirector
Mr. Raj Kamal AggarwalDirector
Mr. S K SinghalDirector
Mr. Sunil AroraDirector

Basic Stock Data of Jindal Drilling & Industries Ltd

Last Updated: June 17, 2024, 8:28 pm

Market Cap 1,909 Cr.
Current Price 659
High / Low915/334
Stock P/E16.7
Book Value 406
Dividend Yield0.08 %
ROCE12.0 %
ROE10.2 %
Face Value 5.00
PEG Ratio0.54

Competitors of Jindal Drilling & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Oil India Ltd 75,849 Cr. 699709/2419.67 4462.86 %17.7 %18.1 % 10.0
Oil & Natural Gas Corpn Ltd (ONGC) 3,46,461 Cr. 275293/1556.89 2684.08 %18.4 %16.3 % 5.00
South West Pinnacle Exploration Ltd 369 Cr. 132192/97.352.1 44.60.38 %9.12 %5.85 % 10.0
Selan Explorations Technology Ltd 1,077 Cr. 709792/30032.9 2590.00 %12.3 %8.69 % 10.0
Aban Offshore Ltd 416 Cr. 71.293.5/38.4 4,0900.00 %%% 2.00
Industry Average62,033.00 Cr677.1776.02834.801.16%10.76%9.16%8.14

Jindal Drilling & Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1141129910011610513313813810394142183
Expenses1049181838763899093655289128
Operating Profit10221917294144484538425355
OPM %9%19%19%17%25%40%33%34%32%37%44%37%30%
Other Income2358118171875586
Interest4322221123344
Depreciation8888121616161616161616
Profit before tax-0141316273144483524274141
Tax %28%50%24%51%10%26%26%26%26%26%25%25%25%
Net Profit-07108242333362618203131
EPS in Rs-0.122.353.432.608.228.0611.2612.348.816.187.0110.6410.74

Last Updated: June 7, 2024, 9:00 am

Jindal Drilling & Industries Ltd Quarterly Chart

Jindal Drilling & Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales877813749445320372149207216398420512522
Expenses800725693401284355209198176341310334334
Operating Profit778857443617-60104057110178188
OPM %9%11%8%10%11%5%-40%5%18%14%26%35%36%
Other Income1316233030264553348324723
Interest11112104141416121114
Depreciation11111114159992632436363
Profit before tax789367594924-2840331787151134
Tax %34%29%27%31%35%28%44%15%22%46%25%26%
Net Profit516649413217-153426965112100
EPS in Rs22.3425.6316.9814.0510.985.86-5.3411.779.043.1722.3238.5834.57
Dividend Payout %2%2%3%4%5%9%-9%4%6%16%2%1%

Jindal Drilling & Industries Ltd Profit & Loss Yearly Chart

Jindal Drilling & Industries Ltd Growth

Compounded Sales Growth
10 Years:-5%
5 Years:28%
3 Years:33%
TTM:2%
Compounded Profit Growth
10 Years:7%
5 Years:43%
3 Years:63%
TTM:-15%
Stock Price CAGR
10 Years:13%
5 Years:50%
3 Years:101%
1 Year:158%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:7%
Last Year:11%

Last Updated: April 16, 2024, 4:05 pm

Jindal Drilling & Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11131414141414141414141414
Reserves4776237407958278418248538748839451,0501,101
Borrowings114130877763163399330220207215
Other Liabilities112141111168169746156969269270323373
Total Liabilities6017918799781,0981,0079631,5991,3561,4961,4501,5941,704
Fixed Assets6055586755686453531502651602572
CWIP566010051900002
Investments222277433457293248190188187187206235192
Other Assets315453381454749691709839639807593757938
Total Assets6017918799781,0981,0079631,5991,3561,4961,4501,5941,704

Jindal Drilling & Industries Ltd Reserves and Borrowings Chart

Jindal Drilling & Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 516826142-46-61-6785210619664
Cash from Investing Activity -35-169-86-125-408486-92-27260-66-38
Cash from Financing Activity -48959-1584-21-1986222-85-119-23
Net Cash Flow12-1202-2202280113

Jindal Drilling & Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62808710413485250176214152134110
Inventory Days
Days Payable
Cash Conversion Cycle62808710413485250176214152134110
Working Capital Days5251652815819353244042911146107
ROCE %15%14%7%4%5%3%-4%5%4%3%8%13%

Jindal Drilling & Industries Ltd Financial Efficiency Indicators Chart

Jindal Drilling & Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters67.42%67.42%67.42%67.42%67.42%67.42%67.42%66.88%63.40%63.40%63.40%64.26%
FIIs0.02%0.10%0.30%1.04%0.70%0.52%0.76%0.81%0.33%0.29%0.27%0.42%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.84%0.84%
Public32.56%32.48%32.28%31.54%31.88%32.06%31.82%32.31%36.28%36.30%35.49%34.48%
No. of Shareholders16,52217,22017,10620,73520,06918,33918,57118,68618,18617,15718,38018,449

Jindal Drilling & Industries Ltd Shareholding Pattern Chart

No. of Jindal Drilling & Industries Ltd Shareholders

Jindal Drilling & Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Core Equity Fund169,8260.4313.68169,8262024-06-170%

Jindal Drilling & Industries Ltd ROCE Trend

Jindal Drilling & Industries Ltd EPS Trend

Jindal Drilling & Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)17.6533.4322.24-2.03-187.56
Diluted EPS (Rs.)17.6533.4322.24-2.03-187.56
Cash EPS (Rs.)61.3360.2637.2914.3417.93
Book Value[Excl.RevalReserv]/Share (Rs.)470.05451.77412.04387.01440.29
Book Value[Incl.RevalReserv]/Share (Rs.)470.05451.77412.04387.01440.29
Revenue From Operations / Share (Rs.)212.91176.73144.87137.2874.60
PBDIT / Share (Rs.)78.7176.5447.6321.9324.74
PBIT / Share (Rs.)56.7554.8732.6510.7615.86
PBT / Share (Rs.)52.3352.1129.945.8411.53
Net Profit / Share (Rs.)39.3738.5922.323.179.04
NP After MI And SOA / Share (Rs.)17.6533.4322.24-2.03-203.82
PBDIT Margin (%)36.9643.3032.8715.9733.16
PBIT Margin (%)26.6531.0422.537.8321.25
PBT Margin (%)24.5729.4820.664.2515.45
Net Profit Margin (%)18.4921.8315.402.3012.11
NP After MI And SOA Margin (%)8.2818.9115.35-1.47-273.22
Return on Networth / Equity (%)3.757.395.39-0.52-46.29
Return on Capital Employeed (%)9.8610.196.342.172.86
Return On Assets (%)2.455.033.60-0.32-32.12
Long Term Debt / Equity (X)0.090.060.120.160.16
Total Debt / Equity (X)0.210.150.180.290.31
Asset Turnover Ratio (%)0.300.300.250.230.10
Current Ratio (X)1.651.471.331.151.33
Quick Ratio (X)1.561.371.191.041.19
Dividend Payout Ratio (NP) (%)0.001.492.24-24.74-0.29
Dividend Payout Ratio (CP) (%)0.000.901.345.48-0.30
Earning Retention Ratio (%)0.0098.5197.76124.74100.29
Cash Earning Retention Ratio (%)0.0099.1098.6694.52100.30
Interest Coverage Ratio (X)17.8127.7517.584.465.71
Interest Coverage Ratio (Post Tax) (X)9.9114.999.241.643.09
Enterprise Value (Cr.)2028.92803.02815.23504.04524.87
EV / Net Operating Revenue (X)3.291.571.941.272.43
EV / EBITDA (X)8.903.625.917.937.32
MarketCap / Net Operating Revenue (X)2.991.361.650.650.60
Retention Ratios (%)0.0098.5097.75124.74100.29
Price / BV (X)1.350.530.570.230.10
Price / Net Operating Revenue (X)2.991.361.650.650.60
EarningsYield0.020.130.09-0.02-4.49

Jindal Drilling & Industries Ltd Profitability Ratios (%)

Jindal Drilling & Industries Ltd Liquidity Ratios

Jindal Drilling & Industries Ltd Liquidity Ratios (%)

Jindal Drilling & Industries Ltd Interest Coverage Ratios (%)

Jindal Drilling & Industries Ltd Valuation Ratios

Fair Value

Fair Value: 692.13

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.

Undervalued: 5.03% compared to the current price 659

Intrinsic Value: 905.10

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 37.34% compared to the current price ₹659

Last 5 Year EPS CAGR: 30.77%

*Investments are subject to market risks

Strength and Weakness of Jindal Drilling & Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (833.31 cr) compared to borrowings (137.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (461.54 cr) and profit (61.85 cr) over the years.
  1. The stock has a low average ROCE of 6.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 184.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 132.33, which may not be favorable.

FAQ

What is the latest fair value of Jindal Drilling & Industries Ltd?

The latest fair value of Jindal Drilling & Industries Ltd is ₹692.13.

What is the Market Cap of Jindal Drilling & Industries Ltd?

The Market Cap of Jindal Drilling & Industries Ltd is 1,909 Cr..

What is the current Stock Price of Jindal Drilling & Industries Ltd as on 23 June 2024?

The current stock price of Jindal Drilling & Industries Ltd as on 23 June 2024 is ₹659.

What is the High / Low of Jindal Drilling & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jindal Drilling & Industries Ltd stocks is 915/334.

What is the Stock P/E of Jindal Drilling & Industries Ltd?

The Stock P/E of Jindal Drilling & Industries Ltd is 16.7.

What is the Book Value of Jindal Drilling & Industries Ltd?

The Book Value of Jindal Drilling & Industries Ltd is 406.

What is the Dividend Yield of Jindal Drilling & Industries Ltd?

The Dividend Yield of Jindal Drilling & Industries Ltd is 0.08 %.

What is the ROCE of Jindal Drilling & Industries Ltd?

The ROCE of Jindal Drilling & Industries Ltd is 12.0 %.

What is the ROE of Jindal Drilling & Industries Ltd?

The ROE of Jindal Drilling & Industries Ltd is 10.2 %.

What is the Face Value of Jindal Drilling & Industries Ltd?

The Face Value of Jindal Drilling & Industries Ltd is 5.00.

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 Jindal Drilling & 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