Market Cap
₹628.8m
Last Updated
2020/02/17 12:48 UTC
Data Sources
Company Financials
Executive Summary
JCT Limited manufactures and sells cloth and nylon filament yarn products in India.
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has JCT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500223's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.8%
500223
1.1%
IN Luxury
-0.8%
IN Market
1 Year Return
-48.2%
500223
18.4%
IN Luxury
11.1%
IN Market
Return vs Industry: 500223 underperformed the Indian Luxury industry which returned 16.6% over the past year.
Return vs Market: 500223 underperformed the Indian Market which returned 11.1% over the past year.
Shareholder returns
| 500223 | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.8% | 1.1% | -0.8% |
| 30 Day | -16.1% | 3.3% | -2.3% |
| 90 Day | -25.5% | 9.6% | 2.1% |
| 1 Year | -48.2%-48.2% | 19.2%18.4% | 13.1%11.1% |
| 3 Year | -85.5%-85.5% | 54.9%51.5% | 22.9%16.2% |
| 5 Year | -80.0%-80.0% | 106.1%99.4% | 34.9%22.6% |
Price Volatility Vs. Market
How volatile is JCT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is JCT undervalued compared to its fair value and its price relative to the market?
0.16x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 500223's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 500223's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 500223 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: 500223 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 500223's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 500223 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).
Next Steps
Future Growth
How is JCT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.8%
Forecasted Consumer Durables industry annual growth in earnings
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 SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of 500223’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- JCT competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has JCT performed over the past 5 years?
-63.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500223 is currently unprofitable.
Growing Profit Margin: 500223 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 500223 is unprofitable, and losses have increased over the past 5 years at a rate of -63.7% per year.
Accelerating Growth: Unable to compare 500223's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 500223 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).
Return on Equity
High ROE: 500223 has a negative Return on Equity (-28.32%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is JCT's financial position?
Financial Position Analysis
Short Term Liabilities: 500223's short term assets (₹2.4B) do not cover its short term liabilities (₹3.3B).
Long Term Liabilities: 500223's short term assets (₹2.4B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 500223's debt to equity ratio (64.9%) is considered high.
Reducing Debt: 500223's debt to equity ratio has reduced from 217% to 64.9% over the past 5 years.
Balance Sheet
Inventory Level: 500223 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500223's debt is covered by short term assets (assets are 1.3x debt).
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.
Stable Cash Runway: 500223 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 500223 has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.7% each year.
Next Steps
Dividend
What is JCT's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 500223's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 500223's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 500223's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 500223's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 500223's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Samir Thapar (54yo)
25.7yrs
Tenure
₹10,661,000
Compensation
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 ...
CEO Compensation Analysis
Compensation vs Market: Samir's total compensation ($USD149.08K) is above average for companies of similar size in the Indian market ($USD50.21K).
Compensation vs Earnings: Samir's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 25.7yrs | ₹10.66m | 0.032% ₹203.5k | |
| Director of Strategic Business Development & Whole Time Director | 6.3yrs | ₹2.74m | 0.031% ₹195.0k | |
| Chief Financial Officer | 3.5yrs | ₹1.78m | no data | |
| General Manager of Accounts | 0yrs | no data | no data | |
| Senior Vice President of Group Human Resources | 0yrs | ₹746.00k | no data | |
| Company Secretary | 1.4yrs | no data | no data | |
| Business Head of Textile & Filament Divisions | 3.5yrs | no data | no data |
3.5yrs
Average Tenure
Experienced Management: 500223's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 25.7yrs | ₹10.66m | 0.032% ₹203.5k | |
| Director of Strategic Business Development & Whole Time Director | 6.3yrs | ₹2.74m | 0.031% ₹195.0k | |
| Independent Non Executive Director | 7.3yrs | ₹766.00k | no data | |
| Independent Non Executive Director | 7.1yrs | ₹783.00k | no data | |
| Non-Executive Nominee Director | 2.8yrs | ₹250.70k | no data | |
| Independent Non-Executive Director | 1.8yrs | ₹366.00k | no data |
6.7yrs
Average Tenure
54yo
Average Age
Experienced Board: 500223's board of directors are considered experienced (6.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
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.
Top Shareholders
Company Information
JCT Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: JCT Limited
- Ticker: 500223
- Exchange: BSE
- Founded: 1946
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹628.820m
- Shares outstanding: 838.43m
- Website: https://www.jct.co.in
Number of Employees
Location
- JCT Limited
- 305-309, Rattan Jyoti Building
- 3rd Floor
- New Delhi
- Delhi
- 110008
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500223 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 1994 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 12:48 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.