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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

Jindal Worldwide Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:59 pm

Market Cap 5,627 Cr.
Current Price 281
High / Low440/268
Stock P/E66.5
Book Value 37.4
Dividend Yield0.07 %
ROCE9.83 %
ROE11.0 %
Face Value 1.00
PEG Ratio3.51

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

View Share Price Target for Jindal Worldwide Ltd

Competitors of Jindal Worldwide Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IGC Industries Ltd 77.3 Cr. 22.324.8/10.3 0.260.00 %1.19 %16.6 % 10.0
Hindoostan Mills Ltd 36.5 Cr. 220411/195 2610.00 %4.73 %5.74 % 10.0
Gokak Textiles Ltd 117 Cr. 180276/88.4 44.50.00 %1.31 %% 10.0
Globus Power Generation Ltd 174 Cr. 17.643.0/13.8 0.480.00 %25.8 %25.8 % 10.0
Gaekwar Mills Ltd 2.63 Cr. 13.113.1/12.5 3620.00 %66.6 %% 10.0
Industry Average1,780.36 Cr249.8335.1993.280.06%12.12%34.68%8.35

All Competitor Stocks of Jindal Worldwide Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales590642524631676729639478404549411392438
Expenses544618482582617663565416361492368357387
Operating Profit46244349596674614357423551
OPM %8%4%8%8%9%9%12%13%11%10%10%9%12%
Other Income31914101120001
Interest9111111111212131413151115
Depreciation8788887899888
Profit before tax33252533414656412236191628
Tax %23%36%25%25%25%25%25%20%32%25%29%22%25%
Net Profit25161925313542331527141321
EPS in Rs1.260.810.941.251.531.722.081.630.741.320.680.641.05

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
Sales5026047798371,0081,1571,6502,2122,1991,7002,5592,0701,756
Expenses4655597107528681,0201,4652,0132,0601,5832,3431,8321,578
Operating Profit38456985140138184199139116216238177
OPM %8%7%9%10%14%12%11%9%6%7%8%12%10%
Other Income434712887725513
Interest19222325433654746149455253
Depreciation561832474953884529303435
Profit before tax1720323551818544396214615493
Tax %12%31%21%24%21%18%31%30%28%29%25%25%
Net Profit1514252740665931284410911668
EPS in Rs0.750.681.271.332.013.312.921.501.422.205.455.773.38
Dividend Payout %7%7%4%4%2%2%2%3%4%7%2%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-6.67%78.57%8.00%48.15%65.00%-10.61%-47.46%-9.68%57.14%147.73%6.42%
Change in YoY Net Profit Growth (%)0.00%85.24%-70.57%40.15%16.85%-75.61%-36.85%37.78%66.82%90.58%-141.31%

Jindal Worldwide 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:9%
5 Years:-4%
3 Years:2%
TTM:18%
Compounded Profit Growth
10 Years:12%
5 Years:21%
3 Years:36%
TTM:25%
Stock Price CAGR
10 Years:37%
5 Years:35%
3 Years:19%
1 Year:-15%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:17%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital20202020202020202020202020
Reserves95119153192251300330356400516630699730
Borrowings158310356342372565646529444599837883860
Other Liabilities115157139166167367410208149109190138192
Total Liabilities3896076677208111,2521,4051,1121,0131,2441,6771,7401,802
Fixed Assets155297350338299395568296224205370374365
CWIP24120252700609512
Investments8655534201119242222
Other Assets2233002993784828268347977711,0201,2751,3401,404
Total Assets3896076677208111,2521,4051,1121,0131,2441,6771,7401,802

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +401697998392712283-953065
Cash from Investing Activity +-61-157-91-20-10-166-11821565-11-212-5
Cash from Financing Activity +1912517-100-0140-143-250-135105184-8
Net Cash Flow-2-1522-21-2139-1313-0278-8

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow38.00-113.00-241.00-271.00-202.00-234.00-381.00-447.00-390.00-328.00-383.00-599.00

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 Days3642376467886071826888106
Inventory Days639076705893655282508697
Days Payable7269527751113853134174132
Cash Conversion Cycle2762625774684091130102133171
Working Capital Days5374676694915592128127138182
ROCE %17%15%12%18%15%18%12%11%10%19%16%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.31%61.31%60.31%60.31%59.81%
FIIs0.06%0.13%0.13%0.13%0.12%0.08%0.03%0.63%0.46%0.03%0.04%0.21%
DIIs0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.01%0.02%0.02%0.03%
Public38.62%38.54%38.55%38.53%38.55%38.59%38.64%38.03%38.21%39.64%39.62%39.95%
No. of Shareholders12,79515,53714,52513,51812,00111,87011,63512,73114,26013,62413,33713,256

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 Fund25,8450.190.89592024-11-1243705.08%
Groww Nifty Total Market Index Fund590.010592024-11-120%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.775.775.902.201.42
Diluted EPS (Rs.)3.775.775.902.201.42
Cash EPS (Rs.)5.447.466.993.663.69
Book Value[Excl.RevalReserv]/Share (Rs.)35.8632.4126.7120.9718.76
Book Value[Incl.RevalReserv]/Share (Rs.)35.8632.4126.7120.9718.76
Revenue From Operations / Share (Rs.)90.47103.23127.6384.76109.66
PBDIT / Share (Rs.)9.2511.9611.117.037.26
PBIT / Share (Rs.)7.5810.279.595.575.00
PBT / Share (Rs.)5.117.687.303.111.96
Net Profit / Share (Rs.)3.775.775.472.201.42
NP After MI And SOA / Share (Rs.)3.775.775.452.201.42
PBDIT Margin (%)10.2211.588.708.296.62
PBIT Margin (%)8.379.947.516.574.55
PBT Margin (%)5.657.445.713.671.78
Net Profit Margin (%)4.175.594.282.601.29
NP After MI And SOA Margin (%)4.175.594.262.601.29
Return on Networth / Equity (%)10.5217.8020.3810.517.57
Return on Capital Employeed (%)16.2221.9329.3720.2818.41
Return On Assets (%)4.346.898.784.362.56
Long Term Debt / Equity (X)0.280.420.200.260.40
Total Debt / Equity (X)1.231.291.120.951.04
Asset Turnover Ratio (%)1.061.612.271.621.61
Current Ratio (X)1.661.721.731.661.40
Quick Ratio (X)1.251.291.291.060.96
Inventory Turnover Ratio (X)3.775.446.674.485.14
Dividend Payout Ratio (NP) (%)0.001.732.750.000.00
Dividend Payout Ratio (CP) (%)0.001.332.150.000.00
Earning Retention Ratio (%)0.0098.2797.250.000.00
Cash Earning Retention Ratio (%)0.0098.6797.850.000.00
Interest Coverage Ratio (X)3.754.634.852.862.39
Interest Coverage Ratio (Post Tax) (X)2.533.233.391.901.47
Enterprise Value (Cr.)6812.706954.146181.221331.081009.97
EV / Net Operating Revenue (X)3.763.362.420.780.45
EV / EBITDA (X)36.7429.0027.759.446.93
MarketCap / Net Operating Revenue (X)3.443.112.190.560.29
Retention Ratios (%)0.0098.2697.240.000.00
Price / BV (X)8.679.8910.482.301.71
Price / Net Operating Revenue (X)3.443.112.190.560.29
EarningsYield0.010.010.010.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jindal Worldwide Ltd as of November 17, 2024 is: 273.77

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, Jindal Worldwide Ltd is Overvalued by 2.57% compared to the current share price 281.00

Intrinsic Value of Jindal Worldwide Ltd as of November 17, 2024 is: 325.62

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, Jindal Worldwide Ltd is Undervalued by 15.88% compared to the current share price 281.00

Last 5 Year EPS CAGR: 18.94%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (210.38 cr) and profit (66.08 cr) over the years.
  1. The stock has a low average ROCE of 14.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 97.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 84.75, which may not be favorable.
  4. The company has higher borrowings (530.85) compared to reserves (367.00), 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 Jindal Worldwide Ltd:
    1. Net Profit Margin: 4.17%
      • 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: 16.22% (Industry Average ROCE: 12.12%)
      • 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%: 10.52% (Industry Average ROE: 34.68%)
      • 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): 2.53
      • 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: 1.25
      • 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: 66.5 (Industry average Stock P/E: 35.19)
      • 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: 1.23
      • 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

Jindal Worldwide Ltd. is a Public Limited Listed company incorporated on 02/09/1986 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1986PLC008942 and registration number is 008942. Currently Company is involved in the business activities of Finishing of cotton and blended cotton textiles.. Company’s Total Operating Revenue is Rs. 2584.05 Cr. and Equity Capital is Rs. 20.05 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - GeneralJindal House, Opp D'mart, I.O.C. Petrol Pump Lane, Ahmedabad Gujarat 380015info@jindaltextiles.com
http://www.jindaltextiles.com
Management
NamePosition Held
Dr. Yamunadutt AgrawalChairman, Non Ind & Non Exe Director
Mr. Amit AgrawalVice Chairman & Mng.Director
Mr. Vikram OzaNon Exe.Non Ind.Director
Mr. Ashish ShahInd. Non-Executive Director
Mr. Rajesh JainInd. Non-Executive Director
Ms. Deepa ManiarInd. Non-Executive Director
Mr. Vinodkumar SinghInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Jindal Worldwide Ltd?

The latest intrinsic value of Jindal Worldwide Ltd as on 17 November 2024 is ₹273.77, which is 2.57% lower than the current market price of ₹281.00.

What is the Market Cap of Jindal Worldwide Ltd?

The Market Cap of Jindal Worldwide Ltd is 5,627 Cr..

What is the current Stock Price of Jindal Worldwide Ltd as on 17 November 2024?

The current stock price of Jindal Worldwide Ltd as on 17 November 2024 is ₹281.

What is the High / Low of Jindal Worldwide Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jindal Worldwide Ltd stocks is 440/268.

What is the Stock P/E of Jindal Worldwide Ltd?

The Stock P/E of Jindal Worldwide Ltd is 66.5.

What is the Book Value of Jindal Worldwide Ltd?

The Book Value of Jindal Worldwide Ltd is 37.4.

What is the Dividend Yield of Jindal Worldwide Ltd?

The Dividend Yield of Jindal Worldwide Ltd is 0.07 %.

What is the ROCE of Jindal Worldwide Ltd?

The ROCE of Jindal Worldwide Ltd is 9.83 %.

What is the ROE of Jindal Worldwide Ltd?

The ROE of Jindal Worldwide Ltd is 11.0 %.

What is the Face Value of Jindal Worldwide Ltd?

The Face Value of Jindal Worldwide Ltd is 1.00.

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 Worldwide 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