Jindal Cotex Limited manufactures and sells yarns in India and internationally.
Undervalued with mediocre balance sheet.
Share Price & News
How has Jindal Cotex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JINDCOT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: JINDCOT underperformed the Indian Luxury industry which returned 16.6% over the past year.
Return vs Market: JINDCOT underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is Jindal Cotex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIntroducing Jindal Cotex (NSE:JINDCOT), The Stock That Tanked 89%
6 months ago | Simply Wall StInvestors Who Bought Jindal Cotex (NSE:JINDCOT) Shares Three Years Ago Are Now Down 85%
8 months ago | Simply Wall StCould The Jindal Cotex Limited (NSE:JINDCOT) Ownership Structure Tell Us Something Useful?
Is Jindal Cotex undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: JINDCOT (₹1.55) is trading below our estimate of fair value (₹155.15)
Significantly Below Fair Value: JINDCOT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: JINDCOT is good value based on its PE Ratio (0.7x) compared to the Luxury industry average (11.1x).
PE vs Market: JINDCOT is good value based on its PE Ratio (0.7x) compared to the Indian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JINDCOT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JINDCOT is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.5x).
How is Jindal Cotex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Jindal Cotex 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.
- Examine whether Jindal Cotex is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Jindal Cotex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Jindal Cotex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JINDCOT has a large one-off gain of ₹147.2M impacting its September 30 2019 financial results.
Growing Profit Margin: JINDCOT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: JINDCOT has become profitable over the past 5 years, growing earnings by 39.9% per year.
Accelerating Growth: JINDCOT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: JINDCOT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).
Return on Equity
High ROE: JINDCOT's Return on Equity (17.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Jindal Cotex's financial position?
Financial Position Analysis
Short Term Liabilities: JINDCOT's short term assets (₹2.4B) exceed its short term liabilities (₹237.4M).
Long Term Liabilities: JINDCOT's short term assets (₹2.4B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: JINDCOT's debt to equity ratio (393.4%) is considered high.
Reducing Debt: JINDCOT's debt to equity ratio has increased from 187.2% to 393.4% over the past 5 years.
Inventory Level: JINDCOT has a high level of physical assets or inventory.
Debt Coverage by Assets: JINDCOT's debt is covered by short term assets (assets are 1x debt).
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: JINDCOT is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if JINDCOT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Jindal Cotex's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate JINDCOT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate JINDCOT'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 JINDCOT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if JINDCOT'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 JINDCOT's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sandeep Jindal (42yo)
Mr. Sandeep Jindal has been the Managing Director of Jindal Cotex Limited since October 1st, 2007. Mr. Jindal has an overall experience of 10 years in Textiles sector. He looks after day to day affairs of ...
CEO Compensation Analysis
Compensation vs Market: Sandeep's total compensation ($USD10.49K) is below average for companies of similar size in the Indian market ($USD50.21K).
Compensation vs Earnings: Sandeep's compensation has been consistent with company performance over the past year.
|MD & Promoter Executive Director||12.3yrs||₹750.00k||0.99% ₹714.2k|
|President||7.5yrs||no data||no data|
|Chief Financial Officer||0.8yrs||no data||no data|
|Assistant General Manager of Accounts||0yrs||no data||no data|
|Assistant General Manager of Engineering||0yrs||no data||no data|
|Deputy General Manager of Technical||0yrs||no data||no data|
Experienced Management: JINDCOT's management team is seasoned and experienced (7.5 years average tenure).
|MD & Promoter Executive Director||12.3yrs||₹750.00k||0.99% ₹714.2k|
|Independent Non Executive Director||3.7yrs||no data||no data|
|Independent Non-Executive Director||2.4yrs||no data||no data|
|Independent Chairman||0.6yrs||no data||no data|
Experienced Board: JINDCOT's board of directors are considered experienced (3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Jindal Cotex Limited's company bio, employee growth, exchange listings and data sources
- Name: Jindal Cotex Limited
- Ticker: JINDCOT
- Exchange: NSEI
- Founded: 1998
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹72.005m
- Shares outstanding: 45.00m
- Website: https://www.jindalcotex.com
Number of Employees
- Jindal Cotex Limited
- VPO Jugiana
- G.T. Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|JINDCOT||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Sep 2009|
|533103||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Sep 2009|
Jindal Cotex Limited manufactures and sells yarns in India and internationally. It operates in two segments, Textile and Energy Generation. The Textile segment produces and trades in acrylic, polyester, poly/cotton blended, cotton, and other blended yarns and knitted clothes. The Energy Generation segment is involved in the generation and sale of energy from the windmill. Jindal Cotex Limited was incorporated in 1998 and is headquartered in Ludhiana, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 13:00|
|End of Day Share Price||2020/02/17 00:00|
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.