Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹165, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 153% over the past three years. Buy Or Sell Opportunity • May 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ₹160. The fair value is estimated to be ₹131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.7%. Buy Or Sell Opportunity • Apr 23
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to ₹169. The fair value is estimated to be ₹133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.7%. New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹1.28b market cap, or US$15.3m). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹147, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹124, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 117% over the past three years. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₹104. The fair value is estimated to be ₹132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.7%. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹2.49 (vs ₹0.84 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.49 (up from ₹0.84 in 3Q 2023). Revenue: ₹393.1m (up 23% from 3Q 2023). Net income: ₹21.6m (up 198% from 3Q 2023). Profit margin: 5.5% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹140, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 166% over the past three years. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹4.62 (vs ₹0.93 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.62 (up from ₹0.93 in 2Q 2023). Revenue: ₹423.7m (up 30% from 2Q 2023). Net income: ₹40.2m (up 399% from 2Q 2023). Profit margin: 9.5% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₹892.3m market cap, or US$10.7m). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹103, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 153% over the past three years. Announcement • Nov 01
Jaysynth Dyestuff (India) Limited to Report First Half, 2024 Results on Nov 08, 2023 Jaysynth Dyestuff (India) Limited announced that they will report first half, 2024 results on Nov 08, 2023 Announcement • Sep 19
Jaysynth Dyestuff (India) Limited Approves to Declare Dividend for the Financial Year Ended March 31, 2023 Jaysynth Dyestuff (India) Limited approved to declare dividend at 25% which is INR 0.25 per Equity Share having face value of INR 1 each for the financial year ended March 31, 2023 at the Annual General Meeting held on September 16, 2023. Upcoming Dividend • Sep 01
Upcoming dividend of ₹0.25 per share at 0.3% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Announcement • Aug 11
Jaysynth Dyestuff (India) Limited, Annual General Meeting, Sep 16, 2023 Jaysynth Dyestuff (India) Limited, Annual General Meeting, Sep 16, 2023. New Risk • Aug 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 4.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹656.9m market cap, or US$7.93m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.45 (vs ₹2.45 in 1Q 2023) First quarter 2024 results: EPS: ₹0.45 (down from ₹2.45 in 1Q 2023). Revenue: ₹346.5m (down 14% from 1Q 2023). Net income: ₹3.92m (down 82% from 1Q 2023). Profit margin: 1.1% (down from 5.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$10m (₹734.4m market cap, or US$8.95m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹77.92, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 111% over the past three years. Reported Earnings • May 04
Full year 2023 earnings released: EPS: ₹5.60 (vs ₹8.22 in FY 2022) Full year 2023 results: EPS: ₹5.60 (down from ₹8.22 in FY 2022). Revenue: ₹1.41b (down 13% from FY 2022). Net income: ₹48.7m (down 32% from FY 2022). Profit margin: 3.5% (down from 4.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹69.18, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹48.52, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 94% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.84 (vs ₹3.72 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.84 (down from ₹3.72 in 3Q 2022). Revenue: ₹308.0m (down 28% from 3Q 2022). Net income: ₹7.27m (down 74% from 3Q 2022). Profit margin: 2.4% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Jaysynth Dyestuff (India) Limited to Report Q3, 2023 Results on Feb 13, 2023 Jaysynth Dyestuff (India) Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.93 (vs ₹1.48 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.93 (down from ₹1.48 in 2Q 2022). Revenue: ₹336.9m (down 9.3% from 2Q 2022). Net income: ₹8.05m (down 37% from 2Q 2022). Profit margin: 2.4% (down from 3.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Woman Non-Executive Director Jyoti Kothari was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹0.93 (vs ₹1.48 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.93 (down from ₹1.48 in 2Q 2022). Revenue: ₹336.9m (down 9.3% from 2Q 2022). Net income: ₹8.05m (down 37% from 2Q 2022). Profit margin: 2.4% (down from 3.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
Jaysynth Dyestuff (India) Limited to Report Q2, 2023 Results on Nov 10, 2022 Jaysynth Dyestuff (India) Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹88.25, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 76% over the past three years. Announcement • Aug 30
Jaysynth Dyestuff (India) Limited Approves Dividend for the Financial Year Ended 31st March, 2022 Jaysynth Dyestuff (India) Limited at its annual general meeting held on August 26, 2022 approved dividend at 30% that is INR 0.30 per Equity Share having face value of INR 1 each for the financial year ended 31st March, 2022. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹2.45 (vs ₹2.34 in 1Q 2022) First quarter 2023 results: EPS: ₹2.45 (up from ₹2.34 in 1Q 2022). Revenue: ₹409.1m (flat on 1Q 2022). Net income: ₹21.3m (up 10% from 1Q 2022). Profit margin: 5.2% (up from 4.7% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 11
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 25 September 2022. Payout ratio is a comfortable 3.6% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.7%). Announcement • Aug 03
Jaysynth Dyestuff (India) Limited to Report Q1, 2023 Results on Aug 10, 2022 Jaysynth Dyestuff (India) Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • Jul 28
Jaysynth Dyestuff (India) Limited, Annual General Meeting, Aug 26, 2022 Jaysynth Dyestuff (India) Limited, Annual General Meeting, Aug 26, 2022, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 17% share price gain to ₹81.90, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 77% over the past three years. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹8.21 (vs ₹5.19 in FY 2021) Full year 2022 results: EPS: ₹8.21 (up from ₹5.19 in FY 2021). Revenue: ₹1.64b (up 29% from FY 2021). Net income: ₹71.4m (up 58% from FY 2021). Profit margin: 4.4% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Jaysynth Dyestuff (India) Limited Recommends Dividend for the Financial Year Ended 31St March, 2022 Jaysynth Dyestuff (India) Limited informed that Board of Directors of the Company at its meeting held on May 30, 2022 has recommended an Equity Dividend for the financial year ended 31st March, 2022 @ 30% (INR 0.30 paisa per Equity Share) subject To Approve the members at the ensuing 37th Annual General Meeting of the Company. Announcement • May 21
Jaysynth Dyestuff (India) Limited to Report Q4, 2022 Results on May 30, 2022 Jaysynth Dyestuff (India) Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Woman Non-Executive Director Jyoti Kothari was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹65.40, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 10% over the past three years. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.72 (up from ₹1.87 in 3Q 2021). Revenue: ₹427.2m (up 17% from 3Q 2021). Net income: ₹28.0m (up 71% from 3Q 2021). Profit margin: 6.6% (up from 4.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Jaysynth Dyestuff (India) Limited to Report Q3, 2022 Results on Feb 14, 2022 Jaysynth Dyestuff (India) Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹1.48 (vs ₹2.10 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹377.2m (up 18% from 2Q 2021). Net income: ₹12.8m (down 24% from 2Q 2021). Profit margin: 3.4% (down from 5.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 01
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 October 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹2.34 (vs ₹0.91 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹412.0m (up 98% from 1Q 2021). Net income: ₹19.3m (up 119% from 1Q 2021). Profit margin: 4.7% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 19% share price gain to ₹85.80, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹76.65, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 15% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹5.64 (vs ₹2.96 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.27b (up 8.8% from FY 2020). Net income: ₹45.1m (up 76% from FY 2020). Profit margin: 3.5% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 20% share price gain to ₹61.90, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 17x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 12%. Is New 90 Day High Low • Mar 10
New 90-day high: ₹61.90 The company is up 23% from its price of ₹50.25 on 10 December 2020. The Indian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹1.87 (vs ₹0.87 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹359.0m (up 32% from 3Q 2020). Net income: ₹16.4m (up 82% from 3Q 2020). Profit margin: 4.6% (up from 3.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 04
New 90-day high: ₹54.30 The company is up 35% from its price of ₹40.20 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Announcement • Feb 01
Jaysynth Dyestuff (India) Limited to Report Q3, 2021 Results on Feb 09, 2021 Jaysynth Dyestuff (India) Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 10
New 90-day high: ₹50.25 The company is up 35% from its price of ₹37.10 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ₹44.15 The company is up 7.0% from its price of ₹41.15 on 25 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 6.0% over the same period. Announcement • Sep 04
Jaysynth Dyestuff (India) Limited to Report Q2, 2020 Results on Sep 14, 2020 Jaysynth Dyestuff (India) Limited announced that they will report Q2, 2020 results on Sep 14, 2020 Announcement • Jul 17
Jaysynth Dyestuff (India) Limited to Report Q4, 2020 Results on Jul 15, 2020 Jaysynth Dyestuff (India) Limited announced that they will report Q4, 2020 results on Jul 15, 2020