JCT
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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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for JCT.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess JCT's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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.
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.
| 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.
Future performance checks
We assess JCT's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from JCT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess JCT's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from JCT Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess JCT's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) JCT has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
₹2,000 of
JCT
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
Income/ dividend checks
We assess JCT's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the JCT management team is about average.
Management Team
Samir Thapar
Chairman & MD
₹11M
53
24.8 yrs
Priya Thapar
Director of Strategic Business
₹3M
50
5.3 yrs
Vinod Singhal
Chief Financial Officer
₹2M
2.7 yrs
J. Gupta
General Manager of Accounts
Rajmohan Singh
Senior Vice President of Group Human Resources
₹746K
Jitender Khanna
Vice President of Legal & Secreterial and Vigilance Officer
Sandeep Sachdeva
Company Secretary & Compliance Officer
0.6 yrs
Kamal Bhasin
Business Head of Textile & Filament Divisions
2.7 yrs
Board of Directors Tenure
Average tenure and age of the JCT board of directors in years:
- The tenure for the JCT board of directors is about average.
Board of Directors
Samir Thapar
Chairman & MD
₹11M
53
6.4 yrs
Priya Thapar
Director of Strategic Business
₹3M
50
5.4 yrs
Ajit Doshi
Independent Non Executive Director
₹715K
6.5 yrs
Chander Bhanot
Independent Non Executive Director
₹707K
6.3 yrs
Avaya Mohapatra
Non-Executive Nominee Director
₹400K
1.9 yrs
Ramswaroop Samria
Independent Non-Executive Director
75
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess JCT's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 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
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.
