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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jocil Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:57 pm

Market Cap 169 Cr.
Current Price 191
High / Low263/163
Stock P/E97.8
Book Value 241
Dividend Yield0.79 %
ROCE1.35 %
ROE0.81 %
Face Value 10.0
PEG Ratio-4.06

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

View Share Price Target for Jocil Ltd

Competitors of Jocil Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujchem Distillers India Ltd 108 Cr. 304541/61.8285 3900.00 %1.38 %2.17 % 1.00
Elantas Beck India Ltd 10,175 Cr. 12,83114,980/6,44569.3 1,0180.04 %27.7 %20.6 % 10.0
Crestchem Ltd 87.3 Cr. 291350/70.027.6 21.10.17 %78.2 %56.2 % 10.0
Chemiesynth (Vapi) Ltd 11.0 Cr. 35.834.1/0.00 37.50.00 %1.00 %3.38 % 10.0
Archit Organosys Ltd 90.1 Cr. 43.963.6/35.1125 32.20.00 %3.69 %0.75 % 10.0
Industry Average6,949.00 Cr1,987.9373.49312.950.27%16.32%12.33%7.67

All Competitor Stocks of Jocil Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales114.30154.90168.16197.48172.30215.65284.41241.96192.81200.10180.13218.38172.37
Expenses110.50152.26163.71192.71168.55213.18279.48238.03188.58195.48177.86215.83175.25
Operating Profit3.802.644.454.773.752.474.933.934.234.622.272.55-2.88
OPM %3.32%1.70%2.65%2.42%2.18%1.15%1.73%1.62%2.19%2.31%1.26%1.17%-1.67%
Other Income0.470.100.350.210.250.330.121.030.540.690.911.400.56
Interest0.260.250.040.050.080.010.420.300.240.180.01-0.000.27
Depreciation1.421.421.671.691.691.771.571.521.551.561.381.481.63
Profit before tax2.591.073.093.242.231.023.063.142.983.571.792.47-4.22
Tax %36.29%-271.96%24.92%25.31%25.11%29.41%25.16%25.16%24.83%12.32%25.14%25.51%25.12%
Net Profit1.653.992.312.431.670.722.292.352.233.131.341.85-3.16
EPS in Rs1.864.492.602.741.880.812.582.652.513.521.512.08-3.56

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
Sales391408375331393376341402446565754919771
Expenses363372349305361360331396427544738902764
Operating Profit283526253216117192115187
OPM %7%9%7%8%8%4%3%2%4%4%2%2%1%
Other Income3222532261124
Interest4421121111010
Depreciation910107877666766
Profit before tax19231620271051181510134
Tax %33%36%30%33%34%19%17%-152%29%12%26%22%
Net Profit121511131884312147103
EPS in Rs14.0716.4612.7614.7620.379.244.623.5714.0615.328.0311.263.55
Dividend Payout %36%36%39%41%34%32%43%28%21%20%25%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)25.00%-26.67%18.18%38.46%-55.56%-50.00%-25.00%300.00%16.67%-50.00%42.86%
Change in YoY Net Profit Growth (%)0.00%-51.67%44.85%20.28%-94.02%5.56%25.00%325.00%-283.33%-66.67%92.86%

Jocil 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:7%
5 Years:13%
3 Years:10%
TTM:4%
Compounded Profit Growth
10 Years:-17%
5 Years:-12%
3 Years:-50%
TTM:-80%
Stock Price CAGR
10 Years:4%
5 Years:11%
3 Years:-2%
1 Year:-13%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:3%
Last Year:1%

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 Capital9999999999999
Reserves127133139150159163165172187195198202205
Borrowings36121192878824264
Other Liabilities788941405433305154494662109
Total Liabilities249243200208251212212240252257254279327
Fixed Assets82746763595450484847444139
CWIP2011214563011
Investments111131692209353713
Other Assets165168130143187141150185178198175200274
Total Assets249243200208251212212240252257254279327

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +14321111-839-4914-173817
Cash from Investing Activity +-80-50-0-95-1-2014-291
Cash from Financing Activity +-3-31-7-1418-26-2-2-10-1-61
Net Cash Flow32-0-2104-06-16-4320

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow28.00-1.0014.0014.0023.00-12.004.00-1.0011.0019.0011.0016.00

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 Days504353578853526655362932
Inventory Days768489757381718566
Days Payable132816214320153829
Cash Conversion Cycle11210012611111911410811491362932
Working Capital Days82789596120101979475714954
ROCE %16%11%13%17%7%3%1%10%9%5%7%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters55.02%55.02%55.02%55.02%55.02%55.02%55.02%55.02%55.02%55.02%55.02%55.02%
FIIs0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.03%0.29%0.01%0.02%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public44.97%44.98%44.98%44.98%44.95%44.97%44.98%44.98%44.95%44.69%44.97%44.96%
No. of Shareholders9,0218,8089,0759,3299,1388,7368,4878,3218,4237,4997,9598,036

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.9411.258.0215.3214.07
Diluted EPS (Rs.)1.9411.258.0215.3214.07
Cash EPS (Rs.)8.8118.2515.7121.6420.73
Book Value[Excl.RevalReserv]/Share (Rs.)237.10232.39229.29220.80203.25
Book Value[Incl.RevalReserv]/Share (Rs.)237.10232.39229.29220.80203.25
Dividend / Share (Rs.)1.502.502.003.003.00
Revenue From Operations / Share (Rs.)848.041035.04848.48636.56502.44
PBDIT / Share (Rs.)10.2222.6218.6624.6927.69
PBIT / Share (Rs.)3.3515.6310.9818.3721.02
PBT / Share (Rs.)2.9814.3510.7817.3719.87
Net Profit / Share (Rs.)1.9411.258.0215.3214.06
PBDIT Margin (%)1.202.182.193.875.51
PBIT Margin (%)0.391.501.292.884.18
PBT Margin (%)0.351.381.272.723.95
Net Profit Margin (%)0.221.080.942.402.79
Return on Networth / Equity (%)0.824.843.496.936.91
Return on Capital Employeed (%)1.396.604.698.129.93
Return On Assets (%)0.613.942.775.395.20
Total Debt / Equity (X)0.020.010.020.010.04
Asset Turnover Ratio (%)2.833.602.962.301.97
Current Ratio (X)3.484.643.933.673.53
Quick Ratio (X)2.022.741.762.162.13
Inventory Turnover Ratio (X)6.807.746.935.724.83
Dividend Payout Ratio (NP) (%)128.5417.7737.3819.577.10
Dividend Payout Ratio (CP) (%)28.3510.9619.1013.864.82
Earning Retention Ratio (%)-28.5482.2362.6280.4392.90
Cash Earning Retention Ratio (%)71.6589.0480.9086.1495.18
Interest Coverage Ratio (X)27.4717.6895.6924.6724.01
Interest Coverage Ratio (Post Tax) (X)6.239.8042.1516.3113.20
Enterprise Value (Cr.)129.34129.51172.39121.3666.25
EV / Net Operating Revenue (X)0.170.140.220.210.14
EV / EBITDA (X)14.256.4510.405.532.69
MarketCap / Net Operating Revenue (X)0.190.140.220.220.18
Retention Ratios (%)-28.5482.2262.6180.4292.89
Price / BV (X)0.710.650.840.650.45
Price / Net Operating Revenue (X)0.190.140.220.220.18
EarningsYield0.010.070.040.100.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jocil Ltd as of November 22, 2024 is: 192.42

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 22, 2024, Jocil Ltd is Undervalued by 0.74% compared to the current share price 191.00

Intrinsic Value of Jocil Ltd as of November 22, 2024 is: 146.12

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 22, 2024, Jocil Ltd is Overvalued by 23.50% compared to the current share price 191.00

Last 5 Year EPS CAGR: -24.06%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (168.85 cr) compared to borrowings (10.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (497.85 cr) and profit (13.92 cr) over the years.
  1. The stock has a low average ROCE of 8.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 84.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 91.00, which may not be favorable.

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 Jocil Ltd:
    1. Net Profit Margin: 0.22%
      • 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: 1.39% (Industry Average ROCE: 16.32%)
      • 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%: 0.82% (Industry Average ROE: 12.33%)
      • 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): 6.23
      • 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: 2.02
      • 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: 97.8 (Industry average Stock P/E: 63.69)
      • 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: 0.02
      • 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

Jocil Ltd. is a Public Limited Listed company incorporated on 20/02/1978 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L28990AP1978PLC002260 and registration number is 002260. Currently company belongs to the Industry of Chemicals - Organic - Others. Company’s Total Operating Revenue is Rs. 753.59 Cr. and Equity Capital is Rs. 8.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersDokiparru Village, Guntur District Andhra Pradesh 522438jocil@jocil.net
http://www.jocil.in
Management
NamePosition Held
Mr. P Narendranath ChowdaryChairman
Mr. J Murali MohanManaging Director
Mr. Mullapudi ThimmarajaDirector
Mr. K Srinivasa RaoDirector
Mr. M Mrutyumjaya PrasadDirector
Mr. V S RajuIndependent Director
Dr. V N RaoIndependent Director
Mrs. Bhargavi VangalaIndependent Director
Mr. K Rama SeshayyaIndependent Director
Mr. P A ChowdaryIndependent Director
Mr. P Kesavulu ReddyIndependent Director
Mr. G S V PrasadIndependent Director

FAQ

What is the latest intrinsic value of Jocil Ltd?

The latest intrinsic value of Jocil Ltd as on 22 November 2024 is ₹192.42, which is 0.74% higher than the current market price of ₹191.00.

What is the Market Cap of Jocil Ltd?

The Market Cap of Jocil Ltd is 169 Cr..

What is the current Stock Price of Jocil Ltd as on 22 November 2024?

The current stock price of Jocil Ltd as on 22 November 2024 is 191.

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

In FY 2024, the High / Low of Jocil Ltd stocks is 263/163.

What is the Stock P/E of Jocil Ltd?

The Stock P/E of Jocil Ltd is 97.8.

What is the Book Value of Jocil Ltd?

The Book Value of Jocil Ltd is 241.

What is the Dividend Yield of Jocil Ltd?

The Dividend Yield of Jocil Ltd is 0.79 %.

What is the ROCE of Jocil Ltd?

The ROCE of Jocil Ltd is 1.35 %.

What is the ROE of Jocil Ltd?

The ROE of Jocil Ltd is 0.81 %.

What is the Face Value of Jocil Ltd?

The Face Value of Jocil 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 Jocil 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