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Last Updated on: 10 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jubilant Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 24, 2024, 11:20 am

Market Cap 4,368 Cr.
Current Price 1,705
High / Low1,944/534
Stock P/E62.2
Book Value 155
Dividend Yield0.00 %
ROCE24.2 %
ROE23.7 %
Face Value 10.0
PEG Ratio2.38

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

View Share Price Target for Jubilant Industries Ltd

Competitors of Jubilant Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Diamines & Chemicals Ltd 530 Cr. 542693/44692.0 1660.46 %15.8 %10.9 % 10.0
Deco-Mica Ltd 35.2 Cr. 83.9122/57.415.3 59.70.00 %13.5 %9.75 % 10.0
Andhra Sugars Ltd 1,405 Cr. 104129/90.619.8 1170.96 %5.34 %4.70 % 2.00
Tamil Nadu Petro Products Ltd 753 Cr. 83.6114/75.613.4 95.51.43 %9.14 %6.79 % 10.0
SRF Ltd 68,354 Cr. 2,3062,697/2,08960.5 4050.31 %12.7 %12.2 % 10.0
Industry Average10,913.44 Cr897.9144.96174.360.47%13.05%11.04%7.60

All Competitor Stocks of Jubilant Industries Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales158197212328298329355427348343349312293
Expenses144185178284283322321397328323313289266
Operating Profit1412344315734292020362327
OPM %9%6%16%13%5%2%10%7%6%6%10%7%9%
Other Income030-0001-01100-0-46
Interest4444434555554
Depreciation3333333443444
Profit before tax77273682282012222714-28
Tax %0%480%21%21%35%189%21%30%40%13%23%41%18%
Net Profit7-2721285-12214719219-23
EPS in Rs4.90-18.1614.2618.863.45-0.9214.629.484.6712.4613.635.69-15.25

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
Sales1,0181,0049228506015044525555406151,1591,4621,352
Expenses1,0019749188725684664225194915641,0581,3571,253
Operating Profit17293-2333373036495110010599
OPM %2%3%0%-3%5%7%7%6%9%8%9%7%7%
Other Income-1287-20-7331113-01211
Interest37353745433127252217152121
Depreciation29313231189991113131415
Profit before tax-50-3521-118-101-0-521725728274
Tax %-12%-0%-19%0%91%-2,138%-3%246%1%137%26%24%
Net Profit-57-3525-118-9-2-5-317-9546255
EPS in Rs-47.85-29.5621.02-99.40-7.96-1.49-3.97-2.2011.42-6.1935.6541.2436.45
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)38.60%171.43%-572.00%92.37%77.78%-150.00%40.00%666.67%-152.94%700.00%14.81%
Change in YoY Net Profit Growth (%)0.00%132.83%-743.43%664.37%-14.60%-227.78%190.00%626.67%-819.61%852.94%-685.19%

Jubilant Industries 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:3%
5 Years:18%
3 Years:26%
TTM:-14%
Compounded Profit Growth
10 Years:11%
5 Years:81%
3 Years:96%
TTM:35%
Stock Price CAGR
10 Years:36%
5 Years:74%
3 Years:42%
1 Year:162%
Return on Equity
10 Years:14%
5 Years:26%
3 Years:33%
Last Year:24%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital121212121212141515151515
Reserves13516041323026467970125188219
Borrowings226281356274263262199180145151192162
Other Liabilities391219207120124122146156200393286348
Total Liabilities764672615438428422405431430684681744
Fixed Assets305274285125133126125141140153170171
CWIP41245736590055
Investments000000000000
Other Assets418374325306293290276281290530507568
Total Assets764672615438428422405431430684681744

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 9571-16514742644762301476
Cash from Investing Activity -54-33-2268-13-6-6-193-21-19-19
Cash from Financing Activity -32-5137-118-36-32-61-30-61-92-47
Net Cash Flow9-14-21-34-3-14-0-210

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow17.00-197.00-278.00-379.00-241.00-226.00-232.00-163.00-131.00-94.00-51.00-87.00

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 Days585445608478656363626472
Inventory Days7879746589112759210212072121
Days Payable10293665697108981041261416797
Cash Conversion Cycle354053687682425138416996
Working Capital Days363617573546191625355464
ROCE %-0%-6%-12%5%10%7%10%15%17%34%27%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Jun 2023Sep 2023
Promoters74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.78%74.77%74.77%74.77%74.77%
FIIs0.00%0.08%0.00%0.01%0.01%0.16%0.47%0.36%0.01%0.00%0.00%0.08%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.04%
Public25.02%24.95%25.02%25.02%25.01%24.87%24.55%24.85%25.19%25.20%25.20%25.11%
No. of Shareholders18,41417,61418,69621,92922,59721,59324,24924,72624,27923,82823,31021,681

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.)18.6741.2635.65-6.1912.47
Diluted EPS (Rs.)18.4440.8635.65-6.1912.47
Cash EPS (Rs.)28.6650.6744.092.2119.02
Book Value[Excl.RevalReserv]/Share (Rs.)155.45134.9792.9556.5762.73
Book Value[Incl.RevalReserv]/Share (Rs.)155.45134.9792.9556.5762.73
Revenue From Operations / Share (Rs.)831.63977.58775.60413.47361.53
PBDIT / Share (Rs.)72.3670.2367.0036.4235.33
PBIT / Share (Rs.)62.3860.8058.5728.0327.73
PBT / Share (Rs.)27.1347.9248.8417.2413.30
Net Profit / Share (Rs.)18.6741.2435.65-6.1811.42
NP After MI And SOA / Share (Rs.)18.6741.2435.65-6.1811.42
PBDIT Margin (%)8.707.188.638.809.77
PBIT Margin (%)7.506.217.556.777.67
PBT Margin (%)3.264.906.294.163.67
Net Profit Margin (%)2.244.214.59-1.493.15
NP After MI And SOA Margin (%)2.244.214.59-1.493.15
Return on Networth / Equity (%)12.0130.5538.35-10.9318.20
Return on Capital Employeed (%)33.1834.4540.6724.2118.90
Return On Assets (%)3.789.127.83-2.163.98
Long Term Debt / Equity (X)0.050.110.390.801.11
Total Debt / Equity (X)0.610.831.041.261.59
Asset Turnover Ratio (%)1.760.000.000.000.00
Current Ratio (X)1.221.171.050.910.90
Quick Ratio (X)0.700.720.550.560.55
Inventory Turnover Ratio (X)3.250.000.000.000.00
Interest Coverage Ratio (X)5.565.466.893.382.45
Interest Coverage Ratio (Post Tax) (X)4.193.724.740.471.92
Enterprise Value (Cr.)1882.88746.90840.83381.43269.47
EV / Net Operating Revenue (X)1.500.500.720.610.49
EV / EBITDA (X)17.277.068.356.975.07
MarketCap / Net Operating Revenue (X)1.400.390.600.450.22
Price / BV (X)7.492.865.023.321.29
Price / Net Operating Revenue (X)1.400.390.600.450.22
EarningsYield0.010.100.07-0.030.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jubilant Industries Ltd as of November 10, 2024 is: 2,330.62

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 10, 2024, Jubilant Industries Ltd is Undervalued by 36.69% compared to the current share price ₹1,705.00

Intrinsic Value of Jubilant Industries Ltd as of November 10, 2024 is: 2,939.53

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 10, 2024, Jubilant Industries Ltd is Undervalued by 72.41% compared to the current share price 1,705.00

Last 5 Year EPS CAGR: 26.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 10.92%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 36.67, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 57.58, which may not be favorable.
    4. The company has higher borrowings (224.25) compared to reserves (95.92), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (388.00) and profit (-1.23).

    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 Jubilant Industries Ltd:
      1. Net Profit Margin: 2.24%
        • 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: 33.18% (Industry Average ROCE: 13.05%)
        • 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%: 12.01% (Industry Average ROE: 11.04%)
        • 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): 4.19
        • 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: 0.7
        • 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: 62.2 (Industry average Stock P/E: 44.96)
        • 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: 0.61
        • 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

    Jubilant Industries Ltd. is a Public Limited Listed company incorporated on 23/02/2007 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L24100UP2007PLC032909 and registration number is 032909. Currently Company is involved in the business activities of Other manufacturing. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 15.03 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Chemicals - OthersBhartiagram, Amroha District Uttar Pradesh 244223investorsjil@jubl.com
    http://www.jubilantindustries.com
    Management
    NamePosition Held
    Mr. Priyavrat BhartiaChairman
    Mr. Mohandeep SinghManaging Director & CEO
    Mr. Ravinder Pal SharmaIndependent Director
    Mr. Radhey Shyam SharmaIndependent Director
    Ms. Sanjanthi SajanIndependent Director
    Mr. Shamit BhartiaDirector

    FAQ

    What is the latest fair value of Jubilant Industries Ltd?

    The latest fair value of Jubilant Industries Ltd is ₹2330.62.

    What is the Market Cap of Jubilant Industries Ltd?

    The Market Cap of Jubilant Industries Ltd is 4,368 Cr..

    What is the current Stock Price of Jubilant Industries Ltd as on 10 November 2024?

    The current stock price of Jubilant Industries Ltd as on 10 November 2024 is 1,705.

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

    In FY 2024, the High / Low of Jubilant Industries Ltd stocks is 1,944/534.

    What is the Stock P/E of Jubilant Industries Ltd?

    The Stock P/E of Jubilant Industries Ltd is 62.2.

    What is the Book Value of Jubilant Industries Ltd?

    The Book Value of Jubilant Industries Ltd is 155.

    What is the Dividend Yield of Jubilant Industries Ltd?

    The Dividend Yield of Jubilant Industries Ltd is 0.00 %.

    What is the ROCE of Jubilant Industries Ltd?

    The ROCE of Jubilant Industries Ltd is 24.2 %.

    What is the ROE of Jubilant Industries Ltd?

    The ROE of Jubilant Industries Ltd is 23.7 %.

    What is the Face Value of Jubilant Industries Ltd?

    The Face Value of Jubilant Industries 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 Jubilant 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