Shri Jagdamba Polymers Limited engages in the manufacture and sale of woven polypropylene/polyethylene fabrics in India.
The last earnings update was 9 days ago.
More info.
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
Shri Jagdamba Polymers
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.
Discounted Cash Flow Calculation for BSE:512453 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
Shri Jagdamba Polymers
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:512453 DCF 1st Stage: Next 5 year cash flow forecast
= Present value of next 5 years cash flows +
Terminal Value
=
₹660.20 +
₹2,465.34
₹3,125.54
Equity Value per Share (INR)
= Total value / Shares Outstanding
= ₹3,125.54 /
8.76
₹356.88
BSE:512453 Discount to Share Price
Calculation
Result
Value per share (INR)
From above.
₹356.88
Current discount
Discount to share price of
₹254.95
= -1 x (₹254.95 - ₹356.88) / ₹356.88
28.6%
Learn more about our DCF calculations in Simply Wall St’s
analysis model
.
Current Discount
Amount off the current price
Shri Jagdamba Polymers
is available for.
29%
Share price is
₹254.95
vs Future cash flow value of
₹356.88
Current Discount Checks
For
Shri Jagdamba Polymers
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Shri Jagdamba Polymers's share price is below the future cash flow value, and at a moderate discount (> 20%).
Shri Jagdamba Polymers'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
Shri Jagdamba Polymers's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
Shri Jagdamba Polymers's earnings available for a low price, and how does
this compare to other companies in the same industry?
No analysts cover Shri Jagdamba Polymers, future earnings growth has been estimated based on fundamentals.
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!
-14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Shri Jagdamba Polymers
expected to grow at an
attractive
rate?
Shri Jagdamba Polymers's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
Shri Jagdamba Polymers's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
Unable to compare Shri Jagdamba Polymers's revenue growth to the India market average as no estimate data is available.
Shri Jagdamba Polymers's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if Shri Jagdamba Polymers 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.
All data from Shri Jagdamba Polymers Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:512453 Future Estimates Data
Date (Data in INR Millions)
EPS *
EPS High Estimate
EPS Low Estimate
Avg. No. Analysts
BSE:512453 Past Financials Data
Date (Data in INR Millions)
EPS *
2018-12-31
24.08
2018-09-30
23.69
2018-06-30
21.35
2018-03-31
18.81
2017-12-31
14.67
2017-09-30
9.62
2017-06-30
8.73
2017-03-31
6.53
2016-12-31
7.46
2016-09-30
7.55
2016-06-30
5.91
2016-03-31
5.74
*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 Shri Jagdamba Polymers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
We assess
Shri Jagdamba Polymers'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)
Some of the above checks will fail if the company is expected to be loss making
in the relevant year.
Shri Jagdamba Polymers
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.
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
Shri Jagdamba Polymers'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.
Shri Jagdamba Polymers has delivered over 20% year on year earnings growth in the past 5 years.
Shri Jagdamba Polymers's 1-year earnings growth exceeds its 5-year average (64.1% vs 43.3%)
Shri Jagdamba Polymers's earnings growth has exceeded the IN Luxury industry average in the past year (64.1% vs 14.1%).
Earnings and Revenue History
Shri Jagdamba Polymers'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.
All data from Shri Jagdamba Polymers Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:512453 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
1,957.74
210.83
149.12
2018-09-30
1,912.01
207.55
148.19
2018-06-30
1,814.90
187.02
150.11
2018-03-31
1,790.89
164.72
150.80
2017-12-31
1,698.46
128.48
150.64
2017-09-30
1,524.57
84.23
144.26
2017-06-30
1,485.64
76.43
171.01
2017-03-31
1,470.25
57.15
137.20
2016-12-31
1,470.32
65.37
126.02
2016-09-30
1,334.67
66.15
123.13
2016-06-30
1,298.03
51.79
116.33
2016-03-31
1,219.45
50.24
115.14
2015-12-31
1,193.84
46.80
193.81
2015-09-30
1,229.27
38.25
188.39
2015-06-30
1,156.78
35.83
186.08
2015-03-31
1,122.19
33.43
98.99
2014-12-31
1,068.17
25.17
149.32
2014-09-30
1,052.53
25.41
147.36
2014-06-30
982.20
31.81
84.67
2014-03-31
899.31
31.43
143.04
2013-12-31
852.94
45.33
132.28
2013-09-30
793.52
43.14
128.78
2013-06-30
792.79
31.65
72.16
2013-03-31
739.28
31.61
120.02
2012-12-31
667.49
21.87
108.87
2012-09-30
675.10
20.40
107.33
2012-06-30
584.70
19.04
69.69
2012-03-31
533.60
16.55
88.77
*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.
Shri Jagdamba Polymers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Shri Jagdamba Polymers used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
Shri Jagdamba Polymers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
We assess
Shri Jagdamba Polymers'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)
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.
Shri Jagdamba Polymers
has a total score of
6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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
Shri Jagdamba Polymers's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
Shri Jagdamba Polymers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Shri Jagdamba Polymers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Shri Jagdamba Polymers'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 4.2x 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.
We assess
Shri Jagdamba Polymers'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)
Shri Jagdamba Polymers
has a total score of
6/6, 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:
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)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0.04%
Current annual income from
Shri Jagdamba Polymers
dividends.
If you bought
₹2,000 of
Shri Jagdamba Polymers
shares you are expected to receive
₹1
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?
Shri Jagdamba Polymers's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
Shri Jagdamba Polymers's dividend is below the markets top 25% of dividend payers in India (2.04%).
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.
We assess
Shri Jagdamba Polymers'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
Shri Jagdamba Polymers
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
Shri Jagdamba Polymers
has a total score of
0/6, see the detailed checks below.
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
Ramakant JhabarmalBhojnagarwala
COMPENSATION
₹7,800,000
AGE
76
TENURE AS CEO
10.8 years
CEO Bio
Mr. Ramakant Jhabarmal K. Bhojnagarwala serves as the Chairman of the Board at Shri Jagdamba Polymers Ltd. and has been its Managing Director since April 2008. Mr. Bhojnagarwalla has been a Whole Time Director of Shri Jagdamba Polymers Ltd. since April 30, 2003 and served as its and Compliance Officer until October 25, 2015.
CEO Compensation
Ramakant Jhabarmal's compensation has increased by more than 20% in the past year.
Ramakant Jhabarmal's remuneration is higher than average for companies of similar size in India.
Management Team
Ramakant Jhabarmal Bhojnagarwala
TITLE
Chairman of the Board & MD
COMPENSATION
₹8M
AGE
76
TENURE
10.8 yrs
Anil Parmar
TITLE
Chief Financial Officer
COMPENSATION
₹508K
Kunjal Soni
TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹141K
TENURE
1 yrs
Kiranbhai Patel
TITLE
Whole-Time Director
COMPENSATION
₹3M
AGE
61
Vikas Agarwal
TITLE
Executive Director
COMPENSATION
₹2M
AGE
43
Board of Directors Tenure
Average tenure and age of the
Shri Jagdamba Polymers
board of directors in years:
6.4
Average Tenure
53.5
Average Age
The tenure for the Shri Jagdamba Polymers board of directors is about average.
Shri Jagdamba Polymers Limited engages in the manufacture and sale of woven polypropylene/polyethylene fabrics in India. It also offers PP/PE woven bags and fabrics, flexible intermediate bulk containers, box bags, and lumber covers. In addition, the company provides silt fence, a black color woven fabric used in the construction industry; geotextile, a polypropylene woven fabric; and groundcover, a black woven polypropylene fabric, which is used under the ground for weed control. Further, it generates wind power. The company exports its products to the United States, Europe, and internationally. Shri Jagdamba Polymers Limited was incorporated in 1985 and is based in Ahmedabad, India.
Shri Jagdamba Polymers Limited
802 Narnarayan Complex,
Opposite Navrangpura Post Office,
Ahmedabad,
Gujarat, 380009,
India
Listings
Exchange Symbol
Ticker Symbol
Security
Exchange
Country
Currency
Listed on
BSE
512453
Equity Shares
Mumbai Stock Exchange
IN
INR
12. Oct 2009
BSE
512453
Equity Shares
Mumbai Stock Exchange
IN
INR
12. Oct 2009
Number of employees
Current staff
803
Shri Jagdamba Polymers
employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area
Date (UTC time)
Company Analysis updated:
2019/02/23 12:46
End of day share price update:
2019/02/22 00:00
Last estimates confirmation:
2017/05/31
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.