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.

INDUSTRY	ADDRESS	CONTACT
Oil Drilling And Exploration	Pipe Nagar, Village - Sukeli, Raigad District Maharashtra 402126	secretarial@jindaldrilling.in http://www.jindal.com

Management
Name	Position Held
Mr. D P Jindal	Chairman
Mr. Raghav Jindal	Managing Director
Mr. Vijay Kumar Kaushik	Director
Mrs. Saroj Bhartia	Director
Mr. Raj Kamal Aggarwal	Director
Mr. S K Singhal	Director
Mr. Sunil Arora	Director

Basic Stock Data of Jindal Drilling & Industries Ltd

Last Updated: July 26, 2024, 10:28 pm

Market Cap	1,750 Cr.
Current Price	606
High / Low	915/376
Stock P/E	15.3
Book Value	406
Dividend Yield	0.08 %
ROCE	12.0 %
ROE	10.2 %
Face Value	5.00
PEG Ratio	0.50

Data Source: screener.in

Competitors of Jindal Drilling & Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Dolphin Offshore Enterprises (India) Ltd	2,515 Cr.	630	949/12.0	630	55.3	0.00 %	0.19 %	2.00 %	1.00
Deep Energy Resources Ltd	556 Cr.	173	239/115	409	121	0.00 %	0.39 %	0.35 %	10.0
South West Pinnacle Exploration Ltd	297 Cr.	106	192/97.3	41.9	44.6	0.47 %	9.12 %	5.85 %	10.0
Selan Explorations Technology Ltd	1,182 Cr.	772	818/330	36.1	259	0.00 %	12.3 %	8.69 %	10.0
Oil India Ltd	91,268 Cr.	561	653/174	11.6	297	2.38 %	17.7 %	18.1 %	10.0
Industry Average	65,443.38 Cr	687.61		167.19	718.74	0.88%	10.79%	9.46%	7.25

Jindal Drilling & Industries Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	114	112	99	100	116	105	133	138	138	103	94	142	183
Expenses	104	91	81	83	87	63	89	90	93	65	52	89	128
Operating Profit	10	22	19	17	29	41	44	48	45	38	42	53	55
OPM %	9%	19%	19%	17%	25%	40%	33%	34%	32%	37%	44%	37%	30%
Other Income	2	3	5	8	11	8	17	18	7	5	5	8	6
Interest	4	3	2	2	2	2	1	1	2	3	3	4	4
Depreciation	8	8	8	8	12	16	16	16	16	16	16	16	16
Profit before tax	-0	14	13	16	27	31	44	48	35	24	27	41	41
Tax %	28%	50%	24%	51%	10%	26%	26%	26%	26%	26%	25%	25%	25%
Net Profit	-0	7	10	8	24	23	33	36	26	18	20	31	31
EPS in Rs	-0.12	2.35	3.43	2.60	8.22	8.06	11.26	12.34	8.81	6.18	7.01	10.64	10.74

Last Updated: July 12, 2024, 10:00 pm

Jindal Drilling & Industries Ltd Quarterly Chart

Jindal Drilling & Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 6:40 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	877	813	749	445	320	372	149	207	216	398	420	512	522
Expenses	800	725	693	401	284	355	209	198	176	341	310	334	334
Operating Profit	77	88	57	44	36	17	-60	10	40	57	110	178	188
OPM %	9%	11%	8%	10%	11%	5%	-40%	5%	18%	14%	26%	35%	36%
Other Income	13	16	23	30	30	26	45	53	34	8	32	47	23
Interest	1	1	1	1	2	10	4	14	14	16	12	11	14
Depreciation	11	11	11	14	15	9	9	9	26	32	43	63	63
Profit before tax	78	93	67	59	49	24	-28	40	33	17	87	151	134
Tax %	34%	29%	27%	31%	35%	28%	44%	15%	22%	46%	25%	26%
Net Profit	51	66	49	41	32	17	-15	34	26	9	65	112	100
EPS in Rs	22.34	25.63	16.98	14.05	10.98	5.86	-5.34	11.77	9.04	3.17	22.32	38.58	34.57
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:	-2%
5 Years:	24%
3 Years:	16%
TTM:	20%

Compounded Profit Growth
10 Years:	12%
5 Years:	29%
3 Years:	132%
TTM:	3%

Stock Price CAGR
10 Years:	9%
5 Years:	47%
3 Years:	64%
1 Year:	45%

Return on Equity
10 Years:	4%
5 Years:	7%
3 Years:	9%
Last Year:	10%

Last Updated: July 24, 2024, 5:57 pm

Jindal Drilling & Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 6:40 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	11	13	14	14	14	14	14	14	14	14	14	14	14
Reserves	477	623	740	795	827	841	824	853	874	883	945	1,050	1,101
Borrowings	1	14	13	0	87	77	63	163	399	330	220	207	215
Other Liabilities	112	141	111	168	169	74	61	569	69	269	270	323	373
Total Liabilities	601	791	879	978	1,098	1,007	963	1,599	1,356	1,496	1,450	1,594	1,704
Fixed Assets	60	55	58	67	55	68	64	53	531	502	651	602	572
CWIP	5	6	6	0	1	0	0	519	0	0	0	0	2
Investments	222	277	433	457	293	248	190	188	187	187	206	235	192
Other Assets	315	453	381	454	749	691	709	839	639	807	593	757	938
Total Assets	601	791	879	978	1,098	1,007	963	1,599	1,356	1,496	1,450	1,594	1,704

Jindal Drilling & Industries Ltd Reserves and Borrowings Chart

Jindal Drilling & Industries Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	68	26	142	-46	-61	-67	8	52	106	196	64	-44
Cash from Investing Activity	-169	-86	-125	-40	84	86	-92	-272	60	-66	-38	-20
Cash from Financing Activity	89	59	-15	84	-21	-19	86	222	-85	-119	-23	73
Net Cash Flow	-12	0	2	-2	2	0	2	2	80	11	3	8

Jindal Drilling & Industries Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	62	80	87	104	134	85	250	176	214	152	134	110
Inventory Days
Days Payable
Cash Conversion Cycle	62	80	87	104	134	85	250	176	214	152	134	110
Working Capital Days	52	51	65	28	158	193	532	440	429	111	46	107
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

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	67.42%	67.42%	67.42%	67.42%	67.42%	67.42%	66.88%	63.40%	63.40%	63.40%	64.26%	64.26%
FIIs	0.10%	0.30%	1.04%	0.70%	0.52%	0.76%	0.81%	0.33%	0.29%	0.27%	0.42%	0.29%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.84%	0.84%	1.05%
Public	32.48%	32.28%	31.54%	31.88%	32.06%	31.82%	32.31%	36.28%	36.30%	35.49%	34.48%	34.40%
No. of Shareholders	17,220	17,106	20,735	20,069	18,339	18,571	18,686	18,186	17,157	18,380	18,449	20,784

Jindal Drilling & Industries Ltd Shareholding Pattern Chart

No. of Jindal Drilling & Industries Ltd Shareholders

Jindal Drilling & Industries Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Core Equity Fund	169,826	0.43	13.68	169,826	2024-07-19	0%

Jindal Drilling & Industries Ltd ROCE Trend

Jindal Drilling & Industries Ltd EPS Trend

Jindal Drilling & Industries Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	17.65	33.43	22.24	-2.03	-187.56
Diluted EPS (Rs.)	17.65	33.43	22.24	-2.03	-187.56
Cash EPS (Rs.)	61.33	60.26	37.29	14.34	17.93
Book Value[Excl.RevalReserv]/Share (Rs.)	470.05	451.77	412.04	387.01	440.29
Book Value[Incl.RevalReserv]/Share (Rs.)	470.05	451.77	412.04	387.01	440.29
Revenue From Operations / Share (Rs.)	212.91	176.73	144.87	137.28	74.60
PBDIT / Share (Rs.)	78.71	76.54	47.63	21.93	24.74
PBIT / Share (Rs.)	56.75	54.87	32.65	10.76	15.86
PBT / Share (Rs.)	52.33	52.11	29.94	5.84	11.53
Net Profit / Share (Rs.)	39.37	38.59	22.32	3.17	9.04
NP After MI And SOA / Share (Rs.)	17.65	33.43	22.24	-2.03	-203.82
PBDIT Margin (%)	36.96	43.30	32.87	15.97	33.16
PBIT Margin (%)	26.65	31.04	22.53	7.83	21.25
PBT Margin (%)	24.57	29.48	20.66	4.25	15.45
Net Profit Margin (%)	18.49	21.83	15.40	2.30	12.11
NP After MI And SOA Margin (%)	8.28	18.91	15.35	-1.47	-273.22
Return on Networth / Equity (%)	3.75	7.39	5.39	-0.52	-46.29
Return on Capital Employeed (%)	9.86	10.19	6.34	2.17	2.86
Return On Assets (%)	2.45	5.03	3.60	-0.32	-32.12
Long Term Debt / Equity (X)	0.09	0.06	0.12	0.16	0.16
Total Debt / Equity (X)	0.21	0.15	0.18	0.29	0.31
Asset Turnover Ratio (%)	0.30	0.30	0.25	0.23	0.10
Current Ratio (X)	1.65	1.47	1.33	1.15	1.33
Quick Ratio (X)	1.56	1.37	1.19	1.04	1.19
Dividend Payout Ratio (NP) (%)	0.00	1.49	2.24	-24.74	-0.29
Dividend Payout Ratio (CP) (%)	0.00	0.90	1.34	5.48	-0.30
Earning Retention Ratio (%)	0.00	98.51	97.76	124.74	100.29
Cash Earning Retention Ratio (%)	0.00	99.10	98.66	94.52	100.30
Interest Coverage Ratio (X)	17.81	27.75	17.58	4.46	5.71
Interest Coverage Ratio (Post Tax) (X)	9.91	14.99	9.24	1.64	3.09
Enterprise Value (Cr.)	2028.92	803.02	815.23	504.04	524.87
EV / Net Operating Revenue (X)	3.29	1.57	1.94	1.27	2.43
EV / EBITDA (X)	8.90	3.62	5.91	7.93	7.32
MarketCap / Net Operating Revenue (X)	2.99	1.36	1.65	0.65	0.60
Retention Ratios (%)	0.00	98.50	97.75	124.74	100.29
Price / BV (X)	1.35	0.53	0.57	0.23	0.10
Price / Net Operating Revenue (X)	2.99	1.36	1.65	0.65	0.60
EarningsYield	0.02	0.13	0.09	-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: 634.11

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: 4.64% compared to the current price 606

Intrinsic Value: 829.22

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: 36.84% compared to the current price 606

Last 5 Year EPS CAGR: 30.77%

*Investments are subject to market risks

Strength and Weakness of Jindal Drilling & Industries Ltd Stock

Strength	Weakness
The company has higher reserves (868.17 cr) compared to borrowings (155.58 cr), indicating strong financial stability. The company has shown consistent growth in sales (461.54 cr) and profit (61.85 cr) over the years.	The stock has a low average ROCE of 6.42%, which may not be favorable. The stock has a high average Working Capital Days of 184.33, which may not be favorable. 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 ₹634.11.

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

The Market Cap of Jindal Drilling & Industries Ltd is 1,750 Cr..

What is the current Stock Price of Jindal Drilling & Industries Ltd as on 27 July 2024?

The current stock price of Jindal Drilling & Industries Ltd as on 27 July 2024 is 606.

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 915/376.

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

The Stock P/E of Jindal Drilling & Industries Ltd is 15.3.

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.