Jindal Photo Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11,072.48Undervalued by 899.32%vs CMP ₹1,108.00

P/E (94.1) × ROE (14.0%) × BV (₹1,030.00) × DY (2.00%)

₹1,802.17Undervalued by 62.65%vs CMP ₹1,108.00
MoS: +38.5% (Strong)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5,016.9827%Under (+352.8%)
Graham NumberEarnings₹521.8320%Over (-52.9%)
Earnings PowerEarnings₹1,746.0913%Under (+57.6%)
DCFCash Flow₹54.8116%Over (-95.1%)
Net Asset ValueAssets₹1,031.159%Fair (-6.9%)
Earnings YieldEarnings₹117.509%Over (-89.4%)
Revenue MultipleRevenue₹2.927%Over (-99.7%)
Consensus (7 models)₹1,802.17100%Undervalued
Key Drivers: EPS CAGR -54.7% drags value — could be higher if earnings stabilize. | Wide model spread (₹3–₹5,017) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -54.7%

*Investments are subject to market risks

Analyst Summary

Jindal Photo Ltd operates in the Photographic & Allied Products segment, current market price is ₹1,108.00, market cap is 1,139 Cr.. At a glance, stock P/E is 94.1, ROE is 14.0 %, ROCE is 13.8 %, book value is 1,030, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹1,802.17, which is about 62.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹2 Cr versus the prior period change of -90.0%, while latest net profit is about ₹226 Cr with a prior-period change of -15.0%. The 52-week range shown on this page is 1,635/791, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJindal Photo Ltd. is a Public Limited Listed company incorporated on 15/03/2004 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L3…

This summary is generated from the stock page data available for Jindal Photo Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

48
Jindal Photo Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 13.8% GoodROE 14.0% GoodD/E 2.30 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.2% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-37% → 91%) ImprovingWorking capital: 4,852 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -33% YoY DecliningProfit (4Q): -96% YoY DecliningOPM: -18,053.0% (down 18,126.0% YoY) Margin pressure
Industry Rank50/100 · Moderate
P/E 94.1 vs industry 54.8 Premium to peersROCE 13.8% vs industry 12.2% AverageROE 14.0% vs industry 11.0% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:27 am

Market Cap 1,139 Cr.
Current Price 1,108
Intrinsic Value₹1,802.17
High / Low 1,635/791
Stock P/E94.1
Book Value 1,030
Dividend Yield0.00 %
ROCE13.8 %
ROE14.0 %
Face Value 10.0
PEG Ratio-1.72

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

View Share Price Target for Jindal Photo Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Jindal Photo Ltd 1,139 Cr. 1,108 1,635/79194.1 1,0300.00 %13.8 %14.0 % 10.0
Universus Photo Imagings Ltd 554 Cr. 496 518/176 7680.00 %9.55 %8.69 % 10.0
Choksi Imaging Ltd 81.2 Cr. 142 213/70.215.4 68.70.00 %13.2 %10.4 % 10.0
Industry Average846.50 Cr582.0054.75622.230.00%12.18%11.03%10.00

All Competitor Stocks of Jindal Photo Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 080001911011111
Expenses 000000000000116
Operating Profit -08000191100011-116
OPM % -267%98%73%69%79%100%84%90%73%83%83%99%-18,053%
Other Income 44463446908148125263053410
Interest 1100031111111
Depreciation 0000000000000
Profit before tax 4252344690964712525295250-117
Tax % -1%-0%0%0%0%0%0%0%0%-1%0%5%0%
Net Profit 4352344690964712525295247-117
EPS in Rs 41.3550.4032.5544.4987.4393.3546.04121.0623.8928.3750.8546.06-113.53

Last Updated: March 4, 2026, 6:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 4:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 314211,412001000820213
Expenses 342221,188501100000116
Operating Profit -28-1223-5-0-0-0-0-07202-104
OPM % -9%-7%16%-10%-308%-24%-167%94%98%84%-820%
Other Income 96135-0200638164250229124
Interest 94607501044556455
Depreciation 351690000000000
Profit before tax -116-61-684-0-1-2-5-563216626622615
Tax % -10%1%-43%400%7%26%-28%-9%-0%-1%0%-0%
Net Profit -105-63-355-0-2-3-3-463416726622612
EPS in Rs -84.25-29.90-205.00-0.04-2.33-2.83-3.30-4.33615.25162.29257.82219.3611.75
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)40.00%-463.49%100.00%-50.00%0.00%-33.33%15950.00%-73.66%59.28%-15.04%
Change in YoY Net Profit Growth (%)0.00%-503.49%563.49%-150.00%50.00%-33.33%15983.33%-16023.66%132.94%-74.32%

Jindal Photo Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-19%
5 Years:80%
3 Years:139%
TTM:-88%
Compounded Profit Growth
10 Years:25%
5 Years:133%
3 Years:-29%
TTM:-17%
Stock Price CAGR
10 Years:32%
5 Years:144%
3 Years:50%
1 Year:40%
Return on Equity
10 Years:%
5 Years:20%
3 Years:12%
Last Year:14%

Last Updated: September 5, 2025, 8:15 am

Balance Sheet

Last Updated: December 10, 2025, 2:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 320125-862251914151,8141,9822,2509581,050
Borrowings 4,3625,3965,84366664853576368555962
Other Liabilities 1,4051,6831,96520202422232119192021
Total Liabilities 6,0987,2147,732118101102991051,9082,0802,3351,0481,144
Fixed Assets 3,7286,7296,7855544444444
CWIP 1,90219180000000000
Investments 201589255394037421,8462,0192,2739871,083
Other Assets 26840983658585758595858585857
Total Assets 6,0987,2147,732118101102991051,9082,0802,3351,0481,144

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 163639-258-40-1-0-0-0-1-00
Cash from Investing Activity + -1,470-1,053-348-121-0102-100-0
Cash from Financing Activity + 1,274520600-300000000
Net Cash Flow -34107-6-1290-001-2-00-0
Free Cash Flow -1,332-477-476-40-0-0-0-0-1-00
CFO/OP -584%-44,163%-115%76%-47%743%90%67%97%-7%-2%5%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-32.00-6.00218.00-71.00-66.00-48.00-53.00-57.00-63.00-61.00-35.00-57.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 15264230000000
Inventory Days 642,15359
Days Payable 66012,202238
Cash Conversion Cycle -582-9,786-1570000000
Working Capital Days -619-22,569-23317,35991,16632,10066,2271,5165884,852
ROCE %-0%-0%1%0%0%-0%-0%-0%65%9%12%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.76%72.76%74.20%74.20%74.20%74.20%74.20%74.20%74.20%74.20%74.20%74.20%
FIIs 0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.02%0.00%0.00%
DIIs 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 27.23%27.23%25.79%25.77%25.78%25.75%25.78%25.77%25.78%25.76%25.76%25.78%
No. of Shareholders 16,94816,16715,90717,47117,44017,47618,34120,36320,78317,61916,77016,664

Shareholding Pattern Chart

No. of Shareholders

Jindal Photo Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 220.25258.86162.96617.76-4.35
Diluted EPS (Rs.) 220.25258.86162.96617.76-4.35
Cash EPS (Rs.) -2.6114.992.79-3.89-4.25
Book Value[Excl.RevalReserv]/Share (Rs.) 943.912203.661942.301778.7924.38
Book Value[Incl.RevalReserv]/Share (Rs.) 943.912203.661942.301778.7924.38
Revenue From Operations / Share (Rs.) 2.4019.807.660.100.21
PBDIT / Share (Rs.) 2.0219.387.18-0.28-0.03
PBIT / Share (Rs.) 1.9719.347.13-0.33-0.08
PBT / Share (Rs.) -2.8114.951.63-5.37-4.71
Net Profit / Share (Rs.) -2.6614.952.74-3.94-4.30
NP After MI And SOA / Share (Rs.) 220.26258.86162.96617.76-4.34
PBDIT Margin (%) 84.1797.9293.70-262.37-16.40
PBIT Margin (%) 82.2197.6893.09-305.67-38.08
PBT Margin (%) -117.3175.5121.34-4961.11-2176.47
Net Profit Margin (%) -110.9175.5135.80-3636.99-1986.34
NP After MI And SOA Margin (%) 9186.611307.692127.56570399.81-2008.74
Return on Networth / Equity (%) 23.3311.748.3834.72-17.82
Return on Capital Employeed (%) 0.200.870.36-0.01-0.29
Return On Assets (%) 21.5511.378.0333.21-4.22
Total Debt / Equity (X) 0.060.020.030.032.30
Asset Turnover Ratio (%) 0.000.010.000.000.00
Current Ratio (X) 13.2331.5023.6623.191.31
Quick Ratio (X) 13.2331.5023.6623.191.31
Interest Coverage Ratio (X) 0.424.421.31-0.05-0.01
Interest Coverage Ratio (Post Tax) (X) 0.444.411.500.210.07
Enterprise Value (Cr.) 716.57616.20350.16331.69139.91
EV / Net Operating Revenue (X) 291.3530.3444.572985.52630.53
EV / EBITDA (X) 346.1230.9947.56-1137.88-3843.79
MarketCap / Net Operating Revenue (X) 267.1927.6635.882421.92378.62
Price / BV (X) 0.670.240.140.143.36
Price / Net Operating Revenue (X) 267.2527.6635.882428.70379.17
EarningsYield 0.340.470.592.36-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jindal Photo Ltd. is a Public Limited Listed company incorporated on 15/03/2004 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L33209UP2004PLC095076 and registration number is 000198. Currently company belongs to the Industry of Investment Company. Company's Total Operating Revenue is Rs. 2.46 Cr. and Equity Capital is Rs. 10.26 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Investment Company19th K M, Hapur-Bulandshahr Road, Bulandshahar Dist Uttar Pradesh 203408Contact not found
Management
NamePosition Held
Mr. Manoj Kumar RastogiManaging Director
Mr. Radhey ShyamInd. Non-Executive Director
Mr. Suresh Chander SharmaInd. Non-Executive Director
Ms. Geeta GilotraNon Executive Director
Mr. Prakash MataiNon Executive Director
Mr. Sunil Kumar AgarwalNon Executive Director

FAQ

What is the intrinsic value of Jindal Photo Ltd and is it undervalued?

As of 06 May 2026, Jindal Photo Ltd's intrinsic value is ₹1802.17, which is 62.65% higher than the current market price of ₹1,108.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (14.0 %), book value (₹1,030), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jindal Photo Ltd?

Jindal Photo Ltd is trading at ₹1,108.00 as of 06 May 2026, with a FY2026-2027 high of ₹1,635 and low of ₹791. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,139 Cr..

How does Jindal Photo Ltd's P/E ratio compare to its industry?

Jindal Photo Ltd has a P/E ratio of 94.1, which is above the industry average of 54.75. The premium over industry average may reflect growth expectations or speculative interest.

Is Jindal Photo Ltd financially healthy?

Key indicators for Jindal Photo Ltd: ROCE of 13.8 % is moderate. Dividend yield is 0.00 %.

Is Jindal Photo Ltd profitable and how is the profit trend?

Jindal Photo Ltd reported a net profit of ₹226 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹634 Cr in Mar 2022, the net profit shows a declining trend.

Does Jindal Photo Ltd pay dividends?

Jindal Photo Ltd has a dividend yield of 0.00 % at the current price of ₹1,108.00. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 12:27 am
Author: Getaka|Social: XLinkedIn
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 Photo 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