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JCT

BSE:500223
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500223
BSE
₹1B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

JCT Limited manufactures and sells cloth and nylon filament yarn products in India. The last earnings update was 68 days ago. More info.


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500223 Share Price and Events
7 Day Returns
-0.6%
BSE:500223
0%
IN Luxury
-1.2%
IN Market
1 Year Returns
-45.2%
BSE:500223
-4.3%
IN Luxury
-2.5%
IN Market
500223 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JCT (500223) -0.6% -0.6% -7.8% -45.2% -61.8% -12.6%
IN Luxury 0% 1.1% 7.9% -4.3% 48.5% 159.4%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • 500223 underperformed the Luxury industry which returned -4.3% over the past year.
  • 500223 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
500223
Industry
5yr Volatility vs Market
Related Companies

500223 Value

 Is JCT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JCT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JCT.

BSE:500223 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500223
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (100.59%))
1.138
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.138 * 8.6%)
17.34%

Discounted Cash Flow Calculation for BSE:500223 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JCT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500223 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.34%)
2019 479.26 Est @ 12.77% 408.44
2020 532.95 Est @ 11.2% 387.09
2021 586.81 Est @ 10.11% 363.24
2022 641.62 Est @ 9.34% 338.48
2023 698.10 Est @ 8.8% 313.86
2024 756.93 Est @ 8.43% 290.03
2025 818.73 Est @ 8.16% 267.36
2026 884.06 Est @ 7.98% 246.04
2027 953.47 Est @ 7.85% 226.14
2028 1,027.46 Est @ 7.76% 207.69
Present value of next 10 years cash flows ₹3,048.38
BSE:500223 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,027.46 × (1 + 7.55%) ÷ (17.34% – 7.55%)
₹11,290.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹11,290.70 ÷ (1 + 17.34%)10
₹2,282.27
BSE:500223 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,048.38 + ₹2,282.27
₹5,330.65
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,330.65 / 838.43
₹6.36
BSE:500223 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹6.36
Current discount Discount to share price of ₹1.66
= -1 x (₹1.66 - ₹6.36) / ₹6.36
73.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JCT is available for.
Intrinsic value
>50%
Share price is ₹1.66 vs Future cash flow value of ₹6.36
Current Discount Checks
For JCT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JCT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JCT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JCT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JCT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500223 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.43
BSE:500223 Share Price ** BSE (2019-04-23) in INR ₹1.66
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.3x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JCT.

BSE:500223 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500223 Share Price ÷ EPS (both in INR)

= 1.66 ÷ -0.43

-3.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JCT is loss making, we can't compare its value to the IN Luxury industry average.
  • JCT is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does JCT's expected growth come at a high price?
Raw Data
BSE:500223 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.56x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for JCT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JCT's assets?
Raw Data
BSE:500223 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹1.00
BSE:500223 Share Price * BSE (2019-04-23) in INR ₹1.66
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
BSE:500223 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500223 Share Price ÷ Book Value per Share (both in INR)

= 1.66 ÷ 1.00

1.66x

* Primary Listing of JCT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JCT is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess JCT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. JCT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

500223 Future Performance

 How is JCT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as JCT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JCT expected to grow at an attractive rate?
  • Unable to compare JCT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare JCT's earnings growth to the India market average as no estimate data is available.
  • Unable to compare JCT's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:500223 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500223 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500223 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,984 -308
2018-06-30 7,798 -297
2018-03-31 7,576 463 -360
2017-12-31 7,623 -383
2017-09-30 7,723 -441
2017-06-30 7,691 -423
2017-03-31 8,039 746 -173
2016-12-31 8,309 -82
2016-09-30 8,398 13
2016-06-30 8,657 73
2016-03-31 8,735 586 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if JCT is high growth as no earnings estimate data is available.
  • Unable to determine if JCT is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500223 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from JCT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500223 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.43
2018-06-30 -0.49
2018-03-31 -0.60
2017-12-31 -0.70
2017-09-30 -0.73
2017-06-30 -0.71
2017-03-31 -0.29
2016-12-31 -0.12
2016-09-30 0.02
2016-06-30 0.11
2016-03-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JCT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine JCT's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. JCT's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. JCT's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess JCT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JCT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

500223 Past Performance

  How has JCT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JCT's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JCT does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare JCT's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare JCT's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
JCT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JCT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500223 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,983.94 -308.23 1,188.49
2018-06-30 7,797.90 -296.80 1,183.60
2018-03-31 7,576.24 -360.43 1,225.59
2017-12-31 7,623.44 -382.89 1,275.25
2017-09-30 7,722.94 -440.59 1,297.85
2017-06-30 7,691.14 -422.99 1,337.15
2017-03-31 8,038.95 -172.83 1,324.29
2016-12-31 8,308.57 -81.74 1,360.84
2016-09-30 8,398.27 12.86 1,415.24
2016-06-30 8,656.50 73.30 1,365.90
2016-03-31 8,734.57 56.66 1,377.14
2015-12-31 9,038.96 71.35 1,694.56
2015-09-30 9,399.86 87.45 1,636.76
2015-06-30 9,767.20 86.20 1,254.20
2015-03-31 9,815.63 97.95 1,239.37
2014-12-31 9,943.47 345.97 1,570.47
2014-09-30 9,714.97 345.77 1,536.37
2014-06-30 9,600.57 383.97 1,513.37
2014-03-31 9,445.17 76.97 1,481.77
2013-12-31 8,480.60 -231.30 1,058.70
2013-09-30 8,531.74 -594.93 1,919.68
2013-06-30 7,928.10 -603.80 961.60
2013-03-31 7,791.40 -574.60 920.00
2012-12-31 8,091.69 -576.35 1,186.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if JCT has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if JCT has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if JCT improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess JCT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JCT has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

500223 Health

 How is JCT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JCT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JCT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • JCT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JCT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JCT Company Filings, last reported 3 months ago.

BSE:500223 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-06-30 596.53 1,391.60 186.45
2018-03-31 596.53 2,403.94 27.17
2017-12-31 743.00 1,490.10 120.50
2017-09-30 743.00 1,490.10 120.50
2017-06-30 945.13 2,595.44 130.98
2017-03-31 936.66 2,579.34 49.52
2016-12-31 1,170.00 1,893.60 121.20
2016-09-30 1,170.00 1,893.60 121.20
2016-06-30 1,144.60 2,245.50 158.20
2016-03-31 1,144.56 2,990.94 158.14
2015-12-31 1,112.50 2,388.30 424.00
2015-09-30 1,112.50 2,388.30 424.00
2015-06-30 1,101.90 1,955.20 140.50
2015-03-31 1,101.93 3,470.67 140.50
2014-12-31 1,047.30 2,272.40 164.50
2014-09-30 1,047.30 2,272.40 164.50
2014-06-30 1,020.60 4,094.20 65.50
2014-03-31 1,020.58 3,450.76 65.51
2013-12-31 18.69 4,553.43 235.53
2013-09-30 18.69 4,553.43 235.53
2013-06-30 199.40 4,880.30 177.30
2013-03-31 199.40 4,880.30 177.30
2012-12-31
  • JCT's level of debt (233.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2470% vs 233.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making JCT has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making JCT has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.5% per year.
X
Financial health checks
We assess JCT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JCT has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

500223 Dividends

 What is JCT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from JCT dividends.
If you bought ₹2,000 of JCT shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate JCT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate JCT's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500223 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as JCT has not reported any payouts.
  • Unable to verify if JCT's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of JCT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as JCT has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JCT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JCT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JCT has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

500223 Management

 What is the CEO of JCT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Samir Thapar
COMPENSATION ₹10,636,000
AGE 53
TENURE AS CEO 24.8 years
CEO Bio

Mr. Samir Thapar has been the Managing Director of JCT Ltd at Gupta & Syal Ltd. since June 2, 1994. Mr. Thapar serves as the President of the Indian Body Building Federation and Executive Vice-President of the Asian Body Building Federation. He has been the Chairman and Executive Director of JCT Limited. since November 2012 and served as its Vice Chairman. He served as an Non-Independent Non-Executive Director of CNLT Far East Berhad from August 28, 1998 to January 1, 2005. He was elected as the President of the Association of Polyester Staple Fibre Manufacturers for the year 1997-98. He represented India in the World Shooting Championship (Junior) held in Canada in 1983 and the Trap Shooting event at the Commonwealth Games held in Auckland New Zealand in 1991. A keen sportsman, he has been associated with the development of sports in India in many fields. Hr graduated from the California State University, Los Angles, USA in Business Administration.

CEO Compensation
  • Samir's compensation has been consistent with company performance over the past year.
  • Samir's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the JCT management team in years:

2.7
Average Tenure
  • The tenure for the JCT management team is about average.
Management Team

Samir Thapar

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
53
TENURE
24.8 yrs

Priya Thapar

TITLE
Director of Strategic Business
COMPENSATION
₹3M
AGE
50
TENURE
5.3 yrs

Vinod Singhal

TITLE
Chief Financial Officer
COMPENSATION
₹2M
TENURE
2.7 yrs

J. Gupta

TITLE
General Manager of Accounts

Rajmohan Singh

TITLE
Senior Vice President of Group Human Resources
COMPENSATION
₹746K

Jitender Khanna

TITLE
Vice President of Legal & Secreterial and Vigilance Officer

Sandeep Sachdeva

TITLE
Company Secretary & Compliance Officer
TENURE
0.6 yrs

Kamal Bhasin

TITLE
Business Head of Textile & Filament Divisions
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the JCT board of directors in years:

5.8
Average Tenure
53
Average Age
  • The tenure for the JCT board of directors is about average.
Board of Directors

Samir Thapar

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
53
TENURE
6.4 yrs

Priya Thapar

TITLE
Director of Strategic Business
COMPENSATION
₹3M
AGE
50
TENURE
5.4 yrs

Ajit Doshi

TITLE
Independent Non Executive Director
COMPENSATION
₹715K
TENURE
6.5 yrs

Chander Bhanot

TITLE
Independent Non Executive Director
COMPENSATION
₹707K
TENURE
6.3 yrs

Avaya Mohapatra

TITLE
Non-Executive Nominee Director
COMPENSATION
₹400K
TENURE
1.9 yrs

Ramswaroop Samria

TITLE
Independent Non-Executive Director
AGE
75
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess JCT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JCT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

500223 News

Simply Wall St News

500223 Company Info

Description

JCT Limited manufactures and sells cloth and nylon filament yarn products in India. It operates through two segments, Textiles and Filament Yarn. The company provides cotton, polyester, nylon, and various blends, including cotton/polyester, cotton/nylon, and polyester/viscose; single and plied yarns; cotton lycra and P/C lycra stretch materials; and bamboo and linen fibers, as well as various weaves comprising twills, plains, dobbies, ripstops, cords, satins, oxfords, ducks, drills, tussores, ottomans, etc. for use in fashion wear, sportswear, outerwear, defense active wear, school uniforms, and infant and medical wear. It also offers various finishes and coatings, prints and yarn dyeds, and organic cotton fabrics; and nylon yarns for apparels, home textiles, and semi-industrial products, as well as supplies nylon 6 chip products. In addition, the company provides technical textiles for industrial and protective wear, sportswear, fashion wear, outerwear, hospitality, cleanroom fabrics, bags and accessories, home furnishings, parachutes and hot air balloons, tents and car accessories, rainwear and umbrella, and footwear; and bed and bath linens, comforters, duvet covers, dohars, diwan sets, pillows, and cushions, as well as table cloths and napkin sets, blankets, and other accessories collections for home décor. Further, it offers shorts, trousers, shirts, lowers, tracksuits, jackets, work wear garments, etc.; and protective fabrics for various industries, as well as retails in shirts, trousers, denims, jackets, T-shirts, tracksuits, shorts, cargoes, caps, belts, bags, etc. under the TYROCK brand. The company also exports its products to the United States, Europe, the Far East, the Middle East, Mauritius, South America, Africa, Southeast Asia, and internationally. JCT Limited was founded in 1946 and is based in New Delhi, India.

Details
Name: JCT Limited
500223
Exchange: BSE
Founded: 1946
₹1,383,403,870
838,426,588
Website: http://www.jct.co.in
Address: JCT Limited
305-309, Rattan Jyoti Building,
3rd Floor,
New Delhi,
Delhi, 110008,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500223 Equity Shares Mumbai Stock Exchange IN INR 29. Dec 1994
Number of employees
Current staff
Staff numbers
5,006
JCT employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:40
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.