Jindal Cotex Ltd.
Snapshot View

3.21 ▼0%

26 July 2021, 04:00:00 P.M.

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.jindalcotex.com
Financial Indicators
Market Cap 14.45 Cr.
Earnings per share (EPS) -1.12 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 27.89 Trailing Twelve Months Ending 2021-03
Book Value / Share 16.22 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.20 Calculated using Price: 3.21
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 4.50 Cr. 45,003,140 Shares
FaceValue 10
Company Profile

Jindal Cotex Limited (JCL) is a flagship company of Jindal group of Ludhiana. The company was incorporated as Jindal Cotex Limited under the Companies Act, 1956 on February 18, 1998 in the state of Punjab registered with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar . The registered office of the company is situated at V.P.O. Jugiana, G. T. Road, Ludhiana, Punjab. The Certificate of Commencement of Business was obtained on February 20, 1998.

The company has been promoted by Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal along with other members of the Jindal family for setting up a spinning unit for the manufacture of synthetic yarns. The company initially set up 6912 spindles and started manufacturing acrylic yarns under the trade name ‘Jindal’ which came into commercial production in May 1999. The company thereafter, ventured into polyester yams & further explored the markets of New Delhi, Bhilwara & Maharashtra. Starting from 6912 spindles in 1999 the company has expanded its capacity to 23472 spindles.

The company has also set up a wind mill of 1250KW in Village Pithla, Distt Jaisalmer, Rajasthan in the year 2007-08. It has entered into power purchase agreement with Ajmer Vidut Vitran Nigam. for the sale of electricity generated for 20 years.

The company has been established to carry on in India or abroad, the business of manufacturing, processing, spinning, knitting, refining, carding, combing, gilling, regilling, mixing, doubling, twisting, cheese, winding, rewinding, raising, weaving, dyeing, bleaching, importing, exporting, trading and otherwise dealing in wholesale or in retail in all kinds & types of yarns including fancy yarns, fibres whether synthetic, artificial or natural, cotton, wool, worsted, shoddy, silk, nylon, polyester, acrylic, polyproptene, polynosic, blended materials or any other synthetic fibres, yarns or fibrous materials, textile substances, allied products, waste products and substitutes for all or any of them and to treat and utilise any waste arising from any such manufacture production, process and further to carry on the business of ginning, pressing, bailing or otherwise packing of cotton, kapas, yarn, waste or all kinds of raw materials, whether synthetic, artificial or natural, yarn, waste, hemp, jute or other fibrous materials and cultivation of such raw materials.

Subsidiaries:

The company has two wholly owned subsidiaries viz. Jindal Specialty Textiles Limited and Jindal Medicot Limited.

Product range of the company includes:

  • Acrylic Yarn
  • Polyester Cotton Combed Yarn
  • Modal Yarn
  • Optical White Polyester Yarn
  • Anti Pill Polyester Combed Cotton Yarn

Milestones:

  • 1998 -The company was incorporated under the name and style as Jindal Cotex Limited
  • 1999 -The company established its first plant with a capacity of 6912 spindles and started commercial of synthetic yarns production in May 1999.
  • 2001-The company expanded its capacity by another 2880 spindles. The company started making polyester yarn.
  • 2002 -The company again expanded its capacity by establishing 1728 spindles.
  • 2003 -Added 1152 spindles thereby taking the total capacity to 12672 spindles
  • 2003 -The company received ISO 9001:2000 from TUV
  • 2003 -The company expanded its capacities to 18720 Spindles from 12672 spindles by adding 6048 spindles
  • 2006-The company expanded its capacities to 23472 Spindles from 18720 spindles by adding 4752 spindles.
  • 2006 -The company expanded its product range as it introduced polyester cotton blended yarn both combed and carded. The company’s product range included acrylic, polyester, polyester viscose, polyester cotton yarns.
  • 2006 -The company started exports of yarn mainly of polyester cotton
  • 2007 -The company initiated planning for major expansion (mega project) to take the capacity of spindles to about 75000 and also adding yarn dyeing and garmenting facilities
  • 2007- The company started implementation of first phase of its mega project in October,
  • 2007 -at Village Mandiala Kalan, Bija, Dist. Ludhiana
  • 2008- The company achieved status of Mega Project for its expansion plan
  • 2008- The company achieve financial close for its mega project from term lending banks
  • 2008- Commissioned wind mill with a capacity of 1250 kw at Jaisalmer, Rajasthan
  • 2008 -The company established two 100% owned subsidiaries namely Jindal MedicotLimited for implementing a project to manufacture specialized medical textile products and Jindal Specialty Textiles Limited for implementing a project to manufacture technical textile product viz. Coated/Banner Fabrics

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
1 Week
+4.90%
1 Month
+26.38%
3 Month
+52.13%
6 Month
+68.95%
1 Year
+68.95%
2 Year
+12.24%
5 Year
-82.98%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -5.91 0.02 -17.32 -69.55 -158.81 -486.85 73.39 23.13
Return on Capital Employed (%) 1.03 6.02 -0.28 -10.86 -4.91 -3.11 -4.47 3.15 5.81
Return on Assets (%) -2.51 0.01 -5.57 -17.61 -13.64 -2.91 -4.17 2.59 5.04

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 283 305 281 105 12 -4 -27 62 78
Non Curr. Liab. 226 280 316 425 478 503 617 239 222
Curr. Liab. 220 380 228 162 171 187 85 28 14
Minority Int. 0 4 4 4 1 -5
Equity & Liab. 728 965 828 696 665 687 671 329 314
Non Curr. Assets 416 415 435 367 346 355 301 86 120
Curr. Assets 313 549 392 329 319 332 370 243 194
Misc. Exp. not W/O 0 0 0
Total Assets 728 965 828 696 665 687 671 329 314

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 448 657 348 196 101 178 234 84 33
Other Income 22 11 3 1 2 2 3 3 2
Total Income 470 668 351 197 103 180 237 87 34
Total Expenditure -451 -610 -341 -253 -114 -179 -242 -80 -34
PBIDT 19 58 10 -56 -11 1 -6 7 1
Interest -23 -41 -48 -59 -62 -1 -2 -1 -1
Depreciation -13 -17 -12 -19 -20 -20 -20 -6 -6
Taxation 0 0 0
Exceptional Items -1 13 22
PAT -17 0 -50 -134 -93 -20 -28 13 16

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -110 -4 45 -79 -50 2 6 93 24
Cash Fr. Inv. -89 -17 -32 -6 1 1 -3 274 2
Cash Fr. Finan. 42 29 1 73 46 -5 -3 -374 -26
Net Change -156 8 13 -12 -3 -3 0 -7 0
Cash & Cash Eqvt 6 14 27 12 9 7 7 0 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05 21.05
Public 78.95 78.95 78.95 78.95 78.95 78.95 78.95 78.95 78.95
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 93.91 93.91 93.91 93.91 93.91 93.91 93.91 93.91 93.91

Announcements View Details

Mon, 19 Jul 2021
Shareholding for the Period Ended June 30 2021
Jindal Cotex Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Thu, 15 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Certificate under Regulation 74(5) of the SEBI (Depositories and Participant) Regulations 2018
Thu, 15 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Sandeep Jindal
Designation :- Managing Director / Whole Time Director

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index

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