BSE:521038

Stock Analysis Report

Tamilnadu Jai Bharath Mills

Executive Summary

Tamilnadu Jai Bharath Mills Limited manufactures and sells weaving and knitting cotton yarns in India.

Rewards

Trading at 55.3% below its fair value

Risk Analysis

Earnings have declined by -60.91% per year over past 5 years

Does not have a meaningful market cap (₹186M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Slightly overvalued with weak fundamentals.

Share Price & News

How has Tamilnadu Jai Bharath Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 521038 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

521038

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

14.2%

521038

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: 521038 underperformed the Indian Luxury industry which returned 15.4% over the past year.

Return vs Market: 521038 exceeded the Indian Market which returned 7.2% over the past year.


Shareholder returns

521038IndustryMarket
7 Day0%1.1%-0.8%
30 Day0%3.3%-2.3%
90 Day0%9.6%2.1%
1 Year14.2%14.2%19.2%18.4%13.1%11.1%
3 Year12.5%12.5%54.9%51.5%22.9%16.2%
5 Year-38.9%-38.9%106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

How volatile is Tamilnadu Jai Bharath Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tamilnadu Jai Bharath Mills undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 521038 (₹4.67) is trading below our estimate of fair value (₹10.44)

Significantly Below Fair Value: 521038 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 521038 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 521038 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 521038's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 521038 has negative assets, so we can't compare its PB Ratio to the IN Luxury industry average.


Next Steps

Future Growth

How is Tamilnadu Jai Bharath Mills 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 Tamilnadu Jai Bharath 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Tamilnadu Jai Bharath Mills performed over the past 5 years?

-60.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 521038 is currently unprofitable.

Growing Profit Margin: 521038 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 521038 is unprofitable, and losses have increased over the past 5 years at a rate of -60.9% per year.

Accelerating Growth: Unable to compare 521038's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 521038 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

High ROE: 521038's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tamilnadu Jai Bharath Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 521038 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 521038 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 521038 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 521038's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: 521038 has a high level of physical assets or inventory.

Debt Coverage by Assets: 521038 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: Insufficient data to determine if 521038 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 521038 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Tamilnadu Jai Bharath Mills's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 521038's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 521038'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 521038's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 521038'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 521038'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?

1.2yrs

Average board tenure


CEO

T. Dhinkaran 0

7yrs

Tenure

₹360,000

Compensation

Mr. T. R. Dhinkaran founded Tamilnadu Jai Bharath Mills Ltd. in November 1989 and has been its Managing Director since January 18, 2013. Mr. Dhinkaran serves as the Chairman at Shri Ramalinga Mills Limited ...


Board Members

NamePositionTenureCompensationOwnership
T. Dhinkaran
Founder7yrs₹360.00k11.31% 21.0m
P. Kedia
Independent Non-Executive Director0.9yrsno data0.050% 93.4k
V. Rajendran
Independent Non-Executive Director1.4yrsno data0.00025% 464.5
Rajendran Jamuna
Additional Non-Executive Director0.2yrsno datano data

1.2yrs

Average Tenure

Experienced Board: 521038's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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

Tamilnadu Jai Bharath Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tamilnadu Jai Bharath Mills Limited
  • Ticker: 521038
  • Exchange: BSE
  • Founded: 1989
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹185.795m
  • Shares outstanding: 39.78m
  • Website: https://www.tnjb.net.in

Location

  • Tamilnadu Jai Bharath Mills Limited
  • No. 212, Ramasamy Nagar
  • Aruppukottai
  • Tamil Nadu
  • 626159
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
521038BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2004

Biography

Tamilnadu Jai Bharath Mills Limited manufactures and sells weaving and knitting cotton yarns in India. It also exports its products to Germany, Belgium, Portugal, Dubai, Hong Kong, Thailand, Bangladesh, Italy, Spain, Korea, Singapore, and Vietnam. The company was incorporated in 1989 and is based in Aruppukottai, India. Tamilnadu Jai Bharath Mills Limited is a subsidiary of Shri Ramalinga Mills Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/26 12:31
End of Day Share Price2019/10/29 00:00
Earnings2019/09/30
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.