BSE:512453

Stock Analysis Report

Executive Summary

Shri Jagdamba Polymers Limited engages in the manufacture and sale of woven polypropylene/polyethylene fabrics in India.

Rewards

Trading at 48.8% below its fair value

Earnings grew by 18.3% over the past year

Risk Analysis

High level of non-cash earnings

Highly volatile share price over past 3 months

Does not have a meaningful market cap (₹2B)



Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Shri Jagdamba Polymers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 512453's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.7%

512453

1.1%

IN Luxury

-0.6%

IN Market


1 Year Return

-21.0%

512453

19.3%

IN Luxury

11.1%

IN Market

Return vs Industry: 512453 underperformed the Indian Luxury industry which returned 19.3% over the past year.

Return vs Market: 512453 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

512453IndustryMarket
7 Day-3.7%1.1%-0.6%
30 Day-17.5%4.6%-0.5%
90 Day-1.0%11.5%3.0%
1 Year-20.9%-21.0%20.1%19.3%13.1%11.1%
3 Year135.8%135.2%54.7%52.8%24.5%18.0%
5 Year320.0%316.8%110.4%103.4%37.8%25.7%

Price Volatility Vs. Market

How volatile is Shri Jagdamba Polymers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shri Jagdamba Polymers undervalued compared to its fair value and its price relative to the market?

48.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 512453 (₹198) is trading below our estimate of fair value (₹386.76)

Significantly Below Fair Value: 512453 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 512453 is good value based on its PE Ratio (7x) compared to the Luxury industry average (11.4x).

PE vs Market: 512453 is good value based on its PE Ratio (7x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 512453's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 512453 is overvalued based on its PB Ratio (2.2x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Shri Jagdamba Polymers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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 Shri Jagdamba Polymers 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

Past Performance

How has Shri Jagdamba Polymers performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 512453 has a high level of non-cash earnings.

Growing Profit Margin: 512453's current net profit margins (12.8%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: 512453's earnings have grown significantly by 43% per year over the past 5 years.

Accelerating Growth: 512453's earnings growth over the past year (18.3%) is below its 5-year average (43% per year).

Earnings vs Industry: 512453 earnings growth over the past year (18.3%) exceeded the Luxury industry 6%.


Return on Equity

High ROE: 512453's Return on Equity (31.5%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shri Jagdamba Polymers's financial position?


Financial Position Analysis

Short Term Liabilities: 512453's short term assets (₹769.6M) exceed its short term liabilities (₹323.2M).

Long Term Liabilities: 512453's short term assets (₹769.6M) exceed its long term liabilities (₹88.2M).


Debt to Equity History and Analysis

Debt Level: 512453's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: 512453's debt to equity ratio has reduced from 194% to 8.7% over the past 5 years.

Debt Coverage: 512453's debt is well covered by operating cash flow (357.3%).

Interest Coverage: 512453 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 512453 has a high level of physical assets or inventory.

Debt Coverage by Assets: 512453's debt is covered by short term assets (assets are 11.1x debt).


Next Steps

Dividend

What is Shri Jagdamba Polymers's current dividend yield, its reliability and sustainability?

0.10%

Current Dividend Yield


Dividend Yield vs Market

company0.1%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 512453's dividend (0.1%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 512453's dividend (0.1%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).


Stability and Growth of Payments

Stable Dividend: 512453 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 512453 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 512453 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 512453'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?

5.7yrs

Average board tenure


CEO

Ramakant Jhabarmal Bhojnagarwala (77yo)

11.8yrs

Tenure

₹8,400,000

Compensation

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 Dire ...


CEO Compensation Analysis

Compensation vs Market: Ramakant Jhabarmal's total compensation ($USD117.39K) is above average for companies of similar size in the Indian market ($USD50.31K).

Compensation vs Earnings: Ramakant Jhabarmal's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Ramakant Jhabarmal Bhojnagarwala
Chairman of the Board & MD11.8yrs₹8.40m66.96% 1.2b
Kiranbhai Patel
Whole-Time Director18.6yrs₹3.60m0.011% 198.0k
Vikas Agarwal
Executive Director7.4yrs₹2.42m0.057% 990.0k
Mudra Kansal
Independent & Non-Executive Director5.7yrsno datano data
Mahesh Joshi
Independent Non-Executive Director3.6yrsno datano data
Shail Patel
Independent Director0.8yrsno datano data

5.7yrs

Average Tenure

62yo

Average Age

Experienced Board: 512453's board of directors are considered experienced (5.7 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

Shri Jagdamba Polymers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shri Jagdamba Polymers Limited
  • Ticker: 512453
  • Exchange: BSE
  • Founded: 1985
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹1.734b
  • Shares outstanding: 8.76m
  • Website: https://www.shrijagdamba.com

Number of Employees


Location

  • Shri Jagdamba Polymers Limited
  • 802 Narnarayan Complex
  • Opposite Navrangpura Post Office
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512453BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2009
512453BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2009

Biography

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 also exports its products to the United States, Europe, and internationally. Shri Jagdamba Polymers Limited was incorporated in 1985 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 12:52
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.