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Jamshri Ranjitsinghji Spg. & Wvg. Mills

BSE:502901
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
502901
BSE
₹143M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

The Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills has significant price volatility in the past 3 months.
502901 Share Price and Events
7 Day Returns
-12.7%
BSE:502901
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
51.3%
BSE:502901
-8.9%
IN Luxury
-8.6%
IN Market
502901 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jamshri Ranjitsinghji Spg. & Wvg. Mills (502901) -12.7% -21% -7.8% 51.3% -8.8% 19.4%
IN Luxury -2.5% -2% -3.9% -8.9% 47.6% 187.3%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • 502901 outperformed the Luxury industry which returned -8.9% over the past year.
  • 502901 outperformed the Market in India which returned -8.6% over the past year.
Price Volatility
502901
Industry
5yr Volatility vs Market

Value

 Is Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills.

BSE:502901 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 14.3%
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:502901
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (89.2%))
0.907
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.907 * 7.45%)
14.31%

Discounted Cash Flow Calculation for BSE:502901 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jamshri Ranjitsinghji Spg. & Wvg. Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:502901 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 13.56 14.13 14.72 15.34 15.98
Source Est @ 4.18% Est @ 4.18% Est @ 4.18% Est @ 4.18% Est @ 4.18%
Present Value
Discounted (@ 14.31%)
11.87 10.82 9.86 8.98 8.19
Present value of next 5 years cash flows ₹49.71
BSE:502901 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹15.98 × (1 + 7.55%) ÷ (14.31% – 7.55%)
₹254.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹254.36 ÷ (1 + 14.31%)5
₹130.35
BSE:502901 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹49.71 + ₹130.35
₹180.06
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹180.06 / 7.00
₹25.72
BSE:502901 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹25.72
Current discount Discount to share price of ₹20.65
= -1 x (₹20.65 - ₹25.72) / ₹25.72
19.7%

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

Current Discount
Amount off the current price Jamshri Ranjitsinghji Spg. & Wvg. Mills is available for.
Intrinsic value
20%
Share price is ₹20.65 vs Future cash flow value of ₹25.72
Current Discount Checks
For Jamshri Ranjitsinghji Spg. & Wvg. Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills's share price is below the future cash flow value, but not 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jamshri Ranjitsinghji Spg. & Wvg. Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:502901 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-6.27
BSE:502901 Share Price ** BSE (2019-02-19) in INR ₹20.65
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.54x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

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

** Primary Listing of Jamshri Ranjitsinghji Spg. & Wvg. Mills.

BSE:502901 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:502901 Share Price ÷ EPS (both in INR)

= 20.65 ÷ -6.27

-3.3x

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

  • Jamshri Ranjitsinghji Spg. & Wvg. Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Jamshri Ranjitsinghji Spg. & Wvg. Mills's expected growth come at a high price?
Raw Data
BSE:502901 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.3x
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 27 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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 Jamshri Ranjitsinghji Spg. & Wvg. Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jamshri Ranjitsinghji Spg. & Wvg. Mills's assets?
Raw Data
BSE:502901 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹25.36
BSE:502901 Share Price * BSE (2019-02-19) in INR ₹20.65
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:502901 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:502901 Share Price ÷ Book Value per Share (both in INR)

= 20.65 ÷ 25.36

0.81x

* Primary Listing of Jamshri Ranjitsinghji Spg. & Wvg. Mills.

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

  • Jamshri Ranjitsinghji Spg. & Wvg. Mills is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Jamshri Ranjitsinghji Spg. & Wvg. Mills'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. Jamshri Ranjitsinghji Spg. & Wvg. Mills has a total score of 0/6, 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.

Future Performance

 How is Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills 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
18.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jamshri Ranjitsinghji Spg. & Wvg. Mills expected to grow at an attractive rate?
  • Unable to compare Jamshri Ranjitsinghji Spg. & Wvg. Mills's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Jamshri Ranjitsinghji Spg. & Wvg. Mills's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Jamshri Ranjitsinghji Spg. & Wvg. Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:502901 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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:502901 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:502901 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 540 -44
2018-06-30 440 -86
2018-03-31 540 48 -66
2017-12-31 163 -35
2017-09-30 638 -34
2017-06-30 754 -4
2017-03-31 825 -9 -15
2016-12-31 893 1
2016-09-30 834 1
2016-06-30 724 -6
2016-03-31 619 14 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Jamshri Ranjitsinghji Spg. & Wvg. Mills is high growth as no earnings estimate data is available.
  • Unable to determine if Jamshri Ranjitsinghji Spg. & Wvg. Mills 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:502901 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Jamshri Ranjitsinghji Spg. & Wvg. Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502901 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -6.27
2018-06-30 -12.24
2018-03-31 -9.47
2017-12-31 -4.97
2017-09-30 -4.79
2017-06-30 -0.63
2017-03-31 -2.19
2016-12-31 0.09
2016-09-30 0.20
2016-06-30 -0.80
2016-03-31 0.20

*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 Jamshri Ranjitsinghji Spg. & Wvg. Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 502901’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.
  2. Jamshri Ranjitsinghji Spg. & Wvg. Mills'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. Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 Jamshri Ranjitsinghji Spg. & Wvg. Mills'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.
Jamshri Ranjitsinghji Spg. & Wvg. Mills 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.

Past Performance

  How has Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills'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.
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Jamshri Ranjitsinghji Spg. & Wvg. Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Jamshri Ranjitsinghji Spg. & Wvg. Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 Jamshri Ranjitsinghji Spg. & Wvg. Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502901 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 540.41 -43.69 57.52
2018-06-30 439.66 -85.55 38.51
2018-03-31 540.41 -66.18 57.68
2017-12-31 163.01 -34.97 29.32
2017-09-30 638.46 -33.89 63.94
2017-06-30 754.05 -4.44 57.16
2017-03-31 825.21 -15.33 63.88
2016-12-31 893.15 0.60 56.74
2016-09-30 834.35 1.50 54.34
2016-06-30 724.05 -5.60 52.94
2016-03-31 619.35 1.40 59.63
2015-12-31 546.11 8.29 69.47
2015-09-30 531.11 10.09 67.87
2015-06-30 545.81 15.49 66.87
2015-03-31 552.01 13.29 43.74
2014-12-31 491.85 -9.20 64.61
2014-09-30 475.35 -15.90 60.41
2014-06-30 453.25 -15.90 56.51
2014-03-31 412.95 3.00 52.51
2013-12-31 416.79 11.21 46.38
2013-09-30 414.39 23.21 44.88
2013-06-30 416.09 31.61 43.48
2013-03-31 442.89 0.71 42.68
2012-12-31 459.46 6.99 40.82
2012-06-30 459.06 -9.61 46.02
2012-03-31 455.14 -0.21 40.12

*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 Jamshri Ranjitsinghji Spg. & Wvg. Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills'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.
Jamshri Ranjitsinghji Spg. & Wvg. Mills 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.

Health

 How is Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 Jamshri Ranjitsinghji Spg. & Wvg. Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 1.1x 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills Company Filings, last reported 1 month ago.

BSE:502901 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-06-30 177.47 127.99 3.70
2018-03-31 177.47 141.05 0.09
2017-12-31 42.09 130.19 7.53
2017-09-30 42.09 130.19 7.53
2017-06-30 71.70 156.50 0.70
2017-03-31 243.95 159.11 0.23
2016-12-31 70.00 171.90 0.70
2016-09-30 75.10 155.40 1.90
2016-06-30 74.81 95.97 7.04
2016-03-31 74.81 95.97 7.04
2015-12-31 73.60 76.20 3.10
2015-09-30 73.60 76.20 3.10
2015-06-30 76.50 62.60 1.60
2015-03-31 73.42 69.54 1.40
2014-12-31 61.10 22.00 3.10
2014-09-30 63.40 18.70 3.10
2014-06-30 60.80 14.60 3.50
2014-03-31 60.90 16.62 4.69
2013-12-31 71.10 18.00 1.20
2013-09-30 80.20 12.20 1.50
2013-06-30 77.50 18.00 5.60
2013-03-31 57.90 14.92 4.77
2012-12-31 59.80 10.30 3.20
2012-06-30 57.18 18.07 2.05
2012-03-31 57.18 18.07 2.05
  • Jamshri Ranjitsinghji Spg. & Wvg. Mills's level of debt (72.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.1% vs 72.1% 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Jamshri Ranjitsinghji Spg. & Wvg. Mills has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -85% per year.
X
Financial health checks
We assess Jamshri Ranjitsinghji Spg. & Wvg. Mills'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. Jamshri Ranjitsinghji Spg. & Wvg. Mills has a total score of 3/6, 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.

Dividends

 What is Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 Jamshri Ranjitsinghji Spg. & Wvg. Mills dividends.
If you bought ₹2,000 of Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jamshri Ranjitsinghji Spg. & Wvg. Mills'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:502901 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

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 Jamshri Ranjitsinghji Spg. & Wvg. Mills has not reported any payouts.
  • Unable to verify if Jamshri Ranjitsinghji Spg. & Wvg. Mills's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jamshri Ranjitsinghji Spg. & Wvg. Mills's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jamshri Ranjitsinghji Spg. & Wvg. Mills 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills'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 Jamshri Ranjitsinghji Spg. & Wvg. Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jamshri Ranjitsinghji Spg. & Wvg. Mills 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.

Management

 What is the CEO of Jamshri Ranjitsinghji Spg. & Wvg. Mills'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
Premratan Damani
COMPENSATION ₹2,340,000
AGE 82
CEO Bio

Mr. Premratan Bhairuratan Damani serves as the Chairman and Managing Director of Jamshri Ranjitsinghji Spinning & Weaving Company Limited. Mr. Damani has been a Director of Jamshri Ranjitsinghji Spinning & Weaving Company Ltd. since July 21, 1966. He serves as an Independent Director of Rashtriya Metals Industries Limited, Nandini Apartments Private Limited and Lotus Properties Limited. He also serves as a Director of Sambhaw Holdings Limited, wholly owned subsidiary of Binani Metals Limited. He serves as a Director of M. Visvesvaraya Industrial Research & Development Centre. Mr. Damani served as a Director of Multimetals Ltd. He served as an Independent Director of Binani Metals Limited until October 24, 2011. He is a member of Red Cross Society- Solapur, Bombay Hospital Trust & Medical Research Centre, Young Ladies High School- Mumbai etc. Solapur Chamber of Commerce & Industries, Mathurabai Fatehchand Damani Charitable Trust, Bikaner Seva Sangh, Shree Gopinathji Mandir Trust and World Trade Centre, Mumbai.

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

Premratan Damani

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
82

Rajesh Damani

TITLE
Joint MD
COMPENSATION
₹702K
AGE
51
TENURE
5.6 yrs

Jagdish Adhia

TITLE
President & Whole Time Director
COMPENSATION
₹609K
AGE
63

Shweta Kalantri

TITLE
Compliance Officer
COMPENSATION
₹114K

Devesh Bhati

TITLE
Company Secretary
COMPENSATION
₹360K
TENURE
1.3 yrs

Vijay Katare

TITLE
Vice President
COMPENSATION
₹1M
Board of Directors Tenure

Average tenure and age of the Jamshri Ranjitsinghji Spg. & Wvg. Mills board of directors in years:

5.6
Average Tenure
67
Average Age
  • The tenure for the Jamshri Ranjitsinghji Spg. & Wvg. Mills board of directors is about average.
Board of Directors

Premratan Damani

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
82

Rajesh Damani

TITLE
Joint MD
COMPENSATION
₹702K
AGE
51
TENURE
5.6 yrs

Jagdish Adhia

TITLE
President & Whole Time Director
COMPENSATION
₹609K
AGE
63
TENURE
1.4 yrs

E. Faizullbhoy

TITLE
Non Executive Independent Director
COMPENSATION
₹11K
AGE
84
TENURE
36.2 yrs

Kiranbhai Shah

TITLE
Non Executive Independent Director
COMPENSATION
₹22K
AGE
81
TENURE
34.3 yrs

Surendra Somany

TITLE
Non Executive Independent Director
COMPENSATION
₹18K
AGE
87
TENURE
30.6 yrs

Balkishan M. Mohta

TITLE
Non Executive Independent Director
COMPENSATION
₹23K
AGE
67
TENURE
5.6 yrs

Bipinbhai Patel

TITLE
Non Executive Independent Director
COMPENSATION
₹2K
AGE
67
TENURE
5.6 yrs

Rekha Thirani

TITLE
Non-Executive Director
COMPENSATION
₹11K
AGE
57
TENURE
4.5 yrs

Anand Dalal

TITLE
Additional Non-Executive Director
TENURE
0.3 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 Jamshri Ranjitsinghji Spg. & Wvg. Mills'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. Jamshri Ranjitsinghji Spg. & Wvg. Mills 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.

News

Simply Wall St News

Company Info

Map
Description

The Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd. manufactures and sells yarns in India. The company offers cotton, synthetic, polyester-cotton, and polyester-viscose blended yarns, as well as carded yarns. It also provides fabrics for shirting, suiting, and trousering, as well as hospital, corporate, and defense uniforms. The company also exports its products. The Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd. was founded in 1907 and is based in Mumbai, India.

Details
Name: The Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd.
502901
Exchange: BSE
Founded: 1907
₹143,491,062
6,999,564
Website: http://www.jamshrimills.com
Address: The Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd.
5, Moti Mahal,
2nd Floor,
Mumbai,
Maharashtra, 400020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 502901 Equity Shares Mumbai Stock Exchange IN INR 21. May 2007
Number of employees
Current staff
Staff numbers
182
Jamshri Ranjitsinghji Spg. & Wvg. Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 13:00
End of day share price update: 2019/02/19 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.