BSE:522263

Stock Analysis Report

JMC Projects (India)

Executive Summary

JMC Projects (India) Limited engages in the business of engineering, procurement, and construction relating to infrastructure sector in India, Ethiopia, and Sri Lanka.

Rewards

Earnings are forecast to grow 32.03% per year

Earnings grew by 75% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Highly volatile share price over past 3 months



Snowflake Analysis

Solid track record with reasonable growth potential.


Similar Companies

Share Price & News

How has JMC Projects (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 522263's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.3%

522263

-3.3%

IN Construction

-1.3%

IN Market


1 Year Return

22.0%

522263

-8.8%

IN Construction

5.2%

IN Market

Return vs Industry: 522263 exceeded the Indian Construction industry which returned -8.8% over the past year.

Return vs Market: 522263 exceeded the Indian Market which returned 5.2% over the past year.


Shareholder returns

522263IndustryMarket
7 Day-4.3%-3.3%-1.3%
30 Day-14.1%-8.5%-0.2%
90 Day-15.8%-5.3%7.6%
1 Year22.6%22.0%-7.6%-8.8%7.2%5.2%
3 Year124.1%120.7%21.8%17.5%30.3%23.4%
5 Year195.1%175.8%22.6%15.8%39.3%26.8%

Price Volatility Vs. Market

How volatile is JMC Projects (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is JMC Projects (India) undervalued compared to its fair value and its price relative to the market?

17.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 522263 (₹96.95) is trading above our estimate of fair value (₹19.58)

Significantly Below Fair Value: 522263 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 522263 is poor value based on its PE Ratio (17.9x) compared to the Construction industry average (11x).

PE vs Market: 522263 is poor value based on its PE Ratio (17.9x) compared to the Indian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: 522263 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 522263 is overvalued based on its PB Ratio (2.8x) compared to the IN Construction industry average (0.7x).


Next Steps

Future Growth

How is JMC Projects (India) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

32.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 522263's forecast earnings growth (32% per year) is above the savings rate (6.5%).

Earnings vs Market: 522263's earnings (32% per year) are forecast to grow faster than the Indian market (19.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 522263's revenue (11.6% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 522263's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 522263's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has JMC Projects (India) performed over the past 5 years?

57.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 522263 has high quality earnings.

Growing Profit Margin: 522263's current net profit margins (2.4%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 522263 has become profitable over the past 5 years, growing earnings by 57.6% per year.

Accelerating Growth: 522263's earnings growth over the past year (75%) exceeds its 5-year average (57.6% per year).

Earnings vs Industry: 522263 earnings growth over the past year (75%) exceeded the Construction industry 5.7%.


Return on Equity

High ROE: 522263's Return on Equity (15.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is JMC Projects (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 522263's short term assets (₹31.2B) exceed its short term liabilities (₹25.8B).

Long Term Liabilities: 522263's short term assets (₹31.2B) exceed its long term liabilities (₹22.8B).


Debt to Equity History and Analysis

Debt Level: 522263's debt to equity ratio (279.9%) is considered high.

Reducing Debt: 522263's debt to equity ratio has reduced from 405.3% to 279.9% over the past 5 years.

Debt Coverage: 522263's debt is not well covered by operating cash flow (18.8%).

Interest Coverage: 522263's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet

Inventory Level: 522263 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 522263's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

What is JMC Projects (India)'s current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%0.6%markettop25%2.5%industryaverage1.3%forecastin3Years0.7%

Current dividend yield vs market & industry

Notable Dividend: 522263's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 522263's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (2.48%).


Stability and Growth of Payments

Stable Dividend: 522263's dividend payments have been volatile in the past 10 years.

Growing Dividend: 522263's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.9%), 522263's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of JMC Projects (India)'s salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Shailendra Tripathi (55yo)

6.7yrs

Tenure

₹35,530,000

Compensation

Mr. Shailendra Kumar Tripathi, B. E. Civil, has been the Chief Executive Officer and President of JMC Projects (India) Ltd. since April 1, 2013. Mr. Tripathi has been the Deputy Managing Director of JMC Pr ...


CEO Compensation Analysis

Compensation vs Market: Shailendra's total compensation ($USD498.47K) is above average for companies of similar size in the Indian market ($USD295.45K).

Compensation vs Earnings: Shailendra's compensation has increased by more than 20% in the past year.


Management Age and Tenure

8.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 522263's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

8.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 522263's board of directors are considered experienced (8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Narendra Kantawala (68yo)

    Vice President of Contracts

    • Tenure: 0yrs
    • Compensation: ₹919.00k
  • Shailendra Tripathi (55yo)

    CEO, Deputy MD

    • Tenure: 6.7yrs
    • Compensation: ₹35.53m
  • Sauranbh Shrirup (52yo)

    Assistant Vice President

    • Tenure: 10.7yrs
    • Compensation: ₹2.70m
  • G. Shanthakumar (53yo)

    Assistant Vice President of Project

    • Tenure: 0yrs
    • Compensation: ₹2.82m
  • D. Narayana (54yo)

    Assistant Vice President

    • Tenure: 0yrs
    • Compensation: ₹2.40m
  • Nawrang Punia (61yo)

    Assistant Vice President of Project

    • Tenure: 12.7yrs
    • Compensation: ₹2.40m
  • Nitin Parikh (63yo)

    Assistant Vice President of Accounts

    • Tenure: 0yrs
    • Compensation: ₹1.27m
  • Atul Shah (60yo)

    Senior Vice President of Western India Operation

    • Tenure: 0yrs
    • Compensation: ₹815.00k
  • Manoj Tulsian (48yo)

    CFO, Director of Finance & Whole-Time Director

    • Tenure: 3.6yrs
    • Compensation: ₹28.57m
  • Samir Raval

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹4.06m

Board Members

  • Kamal Jain (60yo)

    Non-Executive Director

    • Tenure: 14.8yrs
  • Hemant Modi (64yo)

    Non Executive Non Independent Director

    • Tenure: 6.7yrs
    • Compensation: ₹3.20m
  • Manish Mohnot (46yo)

    Non Executive Director

    • Tenure: 10.6yrs
  • Devendra Mehta (82yo)

    Independent Chairman

    • Tenure: 11yrs
    • Compensation: ₹3.65m
  • Shailendra Tripathi (55yo)

    CEO, Deputy MD

    • Tenure: 6.7yrs
    • Compensation: ₹35.53m
  • Shailendra Mehta (60yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: ₹3.35m
  • Manoj Tulsian (48yo)

    CFO, Director of Finance & Whole-Time Director

    • Tenure: 3.6yrs
    • Compensation: ₹28.57m
  • Anjali Seth (61yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: ₹1.40m

Company Information

JMC Projects (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JMC Projects (India) Limited
  • Ticker: 522263
  • Exchange: BSE
  • Founded: 1982
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹16.278b
  • Shares outstanding: 167.91m
  • Website: https://www.jmcprojects.com

Location

  • JMC Projects (India) Limited
  • Kalpataru Synergy
  • 6th Floor
  • Mumbai
  • Maharashtra
  • 400055
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
522263BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004
JMCPROJECTNSEI (National Stock Exchange of India)YesEquity SharesININROct 2004
522263BSE (Mumbai Stock Exchange)INR2(POST SUB DIVSION)ININROct 2018
JMCPROJECTNSEI (National Stock Exchange of India)INR2(POST SUB DIVSION)ININROct 2018

Biography

JMC Projects (India) Limited engages in the business of engineering, procurement, and construction relating to infrastructure sector in India, Ethiopia, and Sri Lanka. It undertake projects, such as reside ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 12:30
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.