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You are here : IndiaNotes >> Research & Analysis >> Companies >> Jindal Worldwide Ltd. >> Research

Jindal Worldwide Q4FY17: Fundamental Analysis - Firstcall India Equity

Firstcall India Equity | 17 Jul, 2017  | Follow Author | Add to my Favourites 
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SYNOPSIS

  • Jindal Worldwide Ltd is engaged in weaving, manufacturing and finishing of textiles.
  • During Q4 FY17, the company net profit stood at Rs. 239.70 mn against Rs. 116.14 mn in the corresponding quarter ending of previous year, an increase of 106.38%.
  • Revenue for the quarter stood at Rs. 3696.14 mn from Rs. 2906.91 mn, when compared with the prior year period, up by 27.15%.
  • During the quarter, the company’s EBIDTA is Rs. 527.49 mn as against Rs. 381.14 mn in the corresponding period of the previous year.
  • The Company’s PBT for Q4 FY17 increased to Rs. 314.24 mn from Rs. 145.01 mn in Q4FY16, up by 116.70%.
  • EPS of the company stood at Rs. 11.95 a share during the quarter, as against Rs. 5.79 per share over previous year period.
  • The company has recommended a final dividend 5% on paid up equity share capital i.e. Rs. 0.50 Paisa per equity shares of F .V. Rs. 10/- each.
  • The Company’s revenues were Rs. 11578.53 mn for the FY 2017 as compared to Rs. 10090.56 mn in the FY 2016, an increase of 14.75%.
  • The Company’s Net profit stood at Rs. 665.52 mn for year ended March 31st, 2017 as compared to Rs.402.72 mn on 315tMarch 2016, an increase of 65.25%.
  • Net Sales and PAT of the company are expected to grow at a CAGR of 13% and 33% over 2016 to 2019E respectively.


OUTLOOK AND CONCLUSION

  • At the current market price of Rs. 658.15, the stock P/E ratio is at 16.48 x FY18E and 14.02 x FY19E respectively.
  • Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 39.95 and Rs. 46.96 respectively.
  • Net Sales and PAT of the company are expected to grow at a CAGR of 13% and 33% over 2016 to 2019E respectively.
  • On the basis of EV/EBITDA, the stock trades at 9.00 x for FY18E and 7.97 x for FY19E.
  • Price to Book Value of the stock is expected to be at 3.63 x and 2.88 x for FY18E and FY19E respectively.
  • Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.

 


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About Firstcall India Equity

Firstcall India Equity of Firstcall India Equity Advisors Pvt. Limited (FIEA), is a leading financial services provider in India and a SEBI Registered Category-I Merchant Banker. FIEA is a culmination of a credible Equity Research Capabilities, Long Standing Relationship with leading FIIs, DFIs, MFs, Overseas Pension Funds etc. The company’s research caters to the needs of the largest news wire and media houses of the world namely Reuters, Thomson, Capital IQ, Themarkets.com, Emerging Markets Euro money Publications-UK. The Company is among the major players in the Debt and Equity markets.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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