NSEI:JIKIND

Stock Analysis Report

Executive Summary

JIK Industries Limited, together with its subsidiaries, manufactures, markets, and trades in crystal, glass, and allied products in India.

Rewards

Earnings have grown 159.9% per year over the past 5 years

Risk Analysis

Makes less than USD$1m in revenue (₹1M)

Does not have a meaningful market cap (₹19M)

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

Highly volatile share price over past 3 months



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has JIK Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

JIKIND

-2.3%

IN Consumer Durables

-0.4%

IN Market


1 Year Return

-14.3%

JIKIND

34.8%

IN Consumer Durables

11.1%

IN Market

Return vs Industry: JIKIND underperformed the Indian Consumer Durables industry which returned 34.8% over the past year.

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


Shareholder returns

JIKINDIndustryMarket
7 Day0%-2.3%-0.4%
30 Day0%6.5%-1.2%
90 Day-14.3%11.3%3.3%
1 Year-14.3%-14.3%35.7%34.8%13.0%11.1%
3 Year-60.0%-60.0%49.1%46.8%25.3%18.6%
5 Year-73.9%-73.9%97.3%92.6%35.4%23.1%

Price Volatility Vs. Market

How volatile is JIK Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is JIK Industries undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether JIK Industries is trading at an attractive price based on the cash flow it is expected to produce in the future. But as JIK Industries has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of JIKIND’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through JIK Industries regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is JIK Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

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 JIK Industries 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 JIK Industries performed over the past 5 years?

159.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JIKIND is currently unprofitable.

Growing Profit Margin: JIKIND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JIKIND is unprofitable, but has reduced losses over the past 5 years at a rate of 159.9% per year.

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

Earnings vs Industry: JIKIND is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (13.9%).


Return on Equity

High ROE: JIKIND'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 JIK Industries's financial position?


Financial Position Analysis

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

Long Term Liabilities: JIKIND 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: JIKIND has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

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

Debt Coverage by Assets: JIKIND 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 JIKIND has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is JIK Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

3.9yrs

Average management tenure


CEO

RGP Parikh 0

14.1yrs

Tenure

₹650,000

Compensation

Mr. Rajendra G. Parikh, RGP has been the Chairman and Managing Director at JIK Industries Ltd. since January 31, 2006 and also has been its Executive Director since October 05, 1990. 


CEO Compensation Analysis

Compensation vs Market: RGP's total compensation ($USD9.09K) is below average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: RGP's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Rajendra Parikh
Chairman & MD14.1yrs₹650.00k32.81% 6.2m
Surendra Gurav
CFO & Executive Director16.1yrsno data0.000010% 1.9
Akash Jain
Company Secretary & Compliance Officer0.9yrs₹389.11kno data

3.9yrs

Average Tenure

Experienced Management: JIKIND's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajendra Parikh
Chairman & MD14.1yrs₹650.00k32.81% 6.2m
Surendra Gurav
CFO & Executive Director16.1yrsno data0.000010% 1.9
Manoj Unadkat
Non-Executive Independent Director9.1yrsno data0.000090% 17.0
Vijay Panikar
Non Executive Independent Director8.5yrsno data0.021% 4.0k
Rajeshri Patel
Non-Executive Independent Director4.9yrsno data0.0051% 961.3
Jignesh Shah
Non-Executive Independent Director1.7yrsno datano data

8.8yrs

Average Tenure

55yo

Average Age

Experienced Board: JIKIND's board of directors are considered experienced (8.8 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

JIK Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JIK Industries Limited
  • Ticker: JIKIND
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: ₹18.887m
  • Shares outstanding: 72.64m
  • Website: https://www.jik.co.in

Location

  • JIK Industries Limited
  • Pada No.3
  • Balkum
  • Thane
  • Maharashtra
  • 400608
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
511618BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2004
JIKINDNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2004

Biography

JIK Industries Limited, together with its subsidiaries, manufactures, markets, and trades in crystal, glass, and allied products in India. The company offers utility products, such as glasses/tumblers, stemware/wine goblets, beer glasses/mugs, decanters, jars/jugs, bowls, plates/dishes, ashtrays/coasters, napkin rings and holders, and ice buckets. It also provides decorative products, including trophies, rocks, flowers/trees, vases, clocks, paper weights, candle holders, pendants, and art pieces, as well as figurines of birds, animals, fruits, and vegetables. The company was formerly known as Krishna Finstock Pvt. Ltd. JIK Industries Limited was incorporated in 1990 and is based in Thane, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:55
End of Day Share Price2020/02/14 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.