JMC Projects (India) Ltd (JMCPROJECT) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Sales	966	976	498	843	1,111	1,392	1,161	1,362	1,391	1,605	1,672	1,841
Expenses	840	928	462	752	991	1,232	1,064	1,301	1,284	1,443	1,514	1,659
Operating Profit	126	49	36	91	120	161	97	61	107	162	157	182
OPM %	13%	5.0%	7%	11%	11%	12%	8%	4.5%	8%	10%	9%	10%
Other Income	5	9	5	6	6	11	5	-9	-28	23	7	7
Interest	65	66	62	64	63	62	60	61	64	65	62	70
Depreciation	41	44	41	44	47	48	49	51	54	53	53	55
Profit before tax	26	-52	-62	-12	15	62	-7	-60	-39	67	49	63
Tax %	20%	5%	-16%	54%	82%	33%	48%	-98%	-26%	13%	36%	27%
Net Profit	21	-55	-52	-18	3	41	-10	-1	-29	58	31	47
EPS in Rs	1.25	-3.26	-3.11	-1.08	0.16	2.47	-0.60	-0.09	-1.71	3.48	1.87	2.77

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	2,065	2,542	2,664	2,470	2,544	2,472	2,888	3,407	3,866	3,844	5,519	6,508
Expenses	1,917	2,427	2,528	2,260	2,279	2,160	2,519	2,958	3,423	3,407	5,037	5,901
Operating Profit	148	115	136	210	265	312	369	449	444	438	482	607
OPM %	7%	4.5%	5%	8%	10%	13%	13%	13%	11%	11%	9%	9%
Other Income	11	7	9	13	8	-21	17	24	27	25	-14	9
Interest	54	62	87	168	241	236	236	247	282	279	300	261
Depreciation	47	55	61	65	89	87	100	110	155	181	207	215
Profit before tax	58	6	-3	-11	-56	-32	50	115	33	3	-39	141
Tax %	22%	-39%	225%	131%	18%	34%	47%	34%	96%	864%	-147%
Net Profit	45	9	-11	-24	-66	-43	27	77	1	-26	18	108
EPS in Rs	2.69	0.51	-0.63	-1.45	-3.95	-2.56	1.60	4.56	0.07	-1.56	1.08	6.41
Dividend Payout %	12%	30%	-25%	-11%	-5%	-12%	38%	15%	988%	-45%	92%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	10%	17%	17%	29%
Compounded Profit Growth	10%	36%	14%	180%
Stock Price CAGR	9%	1%	%		%
Return on Equity	1%	7%	6%			23%

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Equity Capital	26	26	26	26	34	34	34	34	34	34	34	34
Reserves	385	390	425	391	497	448	468	536	505	456	493	519
Borrowings	461	906	1,507	2,005	1,705	1,597	1,689	1,668	1,746	1,699	1,796	1,872
Other Liabilities	592	685	940	1,120	1,683	1,914	2,334	2,769	2,950	3,332	3,821	4,349
Total Liabilities	1,465	2,008	2,898	3,542	3,918	3,992	4,524	5,007	5,235	5,521	6,144	6,773
Fixed Assets	274	257	679	2,023	2,072	2,058	2,078	2,122	2,186	2,154	2,168	2,286
CWIP	245	875	1,047	32	0	10	4	7	15	19	21	27
Investments	7	7	9	11	23	0	0	0	0	0	0	0
Other Assets	940	869	1,164	1,477	1,822	1,924	2,442	2,877	3,034	3,348	3,955	4,460
Total Assets	1,465	2,008	2,898	3,542	3,918	3,992	4,524	5,007	5,235	5,521	6,144	6,773

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	64	34	293	92	73	337	451	392	336	479	640	468
Cash from Investing Activity	-120	-267	-652	-661	-380	-322	-120	-164	-189	-299	-217	-342
Cash from Financing Activity	74	219	376	561	302	-42	-341	-99	-220	-206	-303	-176
Net Cash Flow	19	-13	16	-9	-5	-27	-10	129	-74	-26	120	-50
Free Cash Flow	-29	-259	-375	-569	-314	244	411	302	178	294	530	291
CFO/OP	74%	38%	266%	88%	48%	138%	136%	112%	77%	108%	146%	97%

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	134	53	17	35	60	94	98	92	99	86	90	67
Inventory Days	112	101	93	102	110	67	78	63	64	50	52	41
Days Payable	276	191	212	241	265	290	323	269	311	252	294	204
Cash Conversion Cycle	-30	-38	-102	-104	-95	-129	-148	-115	-148	-116	-153	-96
Working Capital Days	48	15	-9	14	27	31	45	46	57	34	14	-4
ROCE %	17%	16%	6%	5%	7%	8%	9%	13%	16%	14%	13%	14%

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoters	67.36%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%	67.75%
FIIs	0.50%	0.29%	0.25%	0.25%	0.24%	0.53%	0.93%	1.05%	1.00%	0.98%	1.04%	0.86%
DIIs	18.49%	17.04%	17.06%	16.61%	16.47%	16.38%	16.77%	17.30%	19.37%	19.42%	19.12%	19.84%
Public	13.65%	14.92%	14.94%	15.38%	15.54%	15.34%	14.55%	13.90%	11.88%	11.84%	12.09%	11.55%
No. of Shareholders	12,396	16,435	18,919	20,128	19,739	18,962	20,569	24,460	22,635	23,304	23,437	22,769

Fundamentals

Market Cap₹ 1,996 Cr.

Current Price₹ 119

Stock P/E15.2

Book Value₹ 32.9

ROCE14.1 %

ROE22.9 %

Dividend Yield0.00 %

Face Value₹ 2.00

Compounded Sales Growth (TTM)29%

Compounded Profit Growth (TTM)180%

Consolidated figures.

Valuation

Market capRs 1,996 Cr

Enterprise valueRs 3,546 Cr

P/E (TTM)18.54x

Price to book3.79x

Price to sales0.31x

EV / EBITDA5.75x

EV / EBIT8.83x

EV / sales0.54x

Price to cash flow4.26x

Earnings yield5.39%

Dividend yield0.84%

P/E, 3-year average280.43x

P/B, 3-year average2.07x

P/E, 5-year average150.21x

P/B, 5-year average2.09x

Profitability

Operating margin (excl. other income)8.74%

Operating margin (incl. other income)8.48%

EBITDA margin9.47%

Pre-tax margin2.16%

Net profit margin1.65%

Net margin, latest quarter2.53%

ROE3.58%

ROCE11.57%

ROA0.31%

ROE, 3-year average-0.43%

ROCE, 3-year average12.71%

ROA, 3-year average-0.05%

ROE, 5-year average3.70%

ROCE, 5-year average13.58%

ROA, 5-year average0.42%

ROIC (approx.)-9.08%

Tax rate146.95%

Other income / net worth-2.74%

Growth

Sales growth (latest year)43.55%

Sales CAGR, 3 years17.44%

Sales CAGR, 5 years17.42%

Profit CAGR, 3 years-38.08%

Sales growth QoQ10.14%

Profit growth QoQ48.45%

Sales growth YoY (latest quarter)35.14%

Per share

EPS (TTM)Rs 6.41

EPS (latest year)Rs 1.08

EPS (latest quarter)Rs 2.77

EPS, 3-year averageRs -0.14

EPS, 5-year averageRs 2.43

Book value per shareRs 31.37

Sales per shareRs 387.62

Cash flow per shareRs 27.87

Free cash flow per shareRs 17.33

Dividend per share (latest year)Rs 1.00

Dividend per share, 3-year averageRs 0.80

Dividend per share, 5-year averageRs 1.22

Dividends

Dividend payout92.30%

Dividend payout, 3-year average539.85%

Dividend payout, 5-year average283.13%

Efficiency

Asset turnover0.90x

Fixed asset turnover2.55x

Inventory turnover13.96x

Inventory days26 days

Debtor days67 days

Debtors turnover5.47x

Creditor days204 days

Cash conversion cycle-96 days

Working capital days-4 days

Leverage

Total debtRs 1,796 Cr

Cash and bankRs 245 Cr

Net debtRs 1,551 Cr

Debt to equity3.41x

Net debt / EBITDA2.52x

Interest coverage1.54x

Owners' fund to total sources8.57%

Debt to assets29.23%

Cash flow

Cash from Operating Activity (latest year)Rs 468 Cr

Cash from Investing Activity (latest year)Rs -342 Cr

Cash from Financing Activity (latest year)Rs -176 Cr

Net Cash Flow (latest year)Rs -50 Cr

Free cash flow (latest year)Rs 291 Cr

FCFE (approx.: FCF + change in debt)Rs 388 Cr

Cash from ops / profit, 5 years23.87x

Sales to cash flow11.79x

Statement figures

Net sales (TTM)Rs 6,508 Cr

Net sales (latest year)Rs 5,519 Cr

Sales (latest quarter)Rs 1,841 Cr

Operating profit excl. other income (latest year)Rs 482 Cr

Operating profit (latest quarter)Rs 182 Cr

Other income (TTM)Rs 9 Cr

EBITDA (TTM)Rs 617 Cr

PBDT (TTM)Rs 356 Cr

Profit before tax (TTM)Rs 141 Cr

Tax (latest year)Rs -57 Cr

Net profit (TTM)Rs 108 Cr

Net profit (latest year)Rs 18 Cr

Net profit (latest quarter)Rs 47 Cr

Depreciation (TTM)Rs 215 Cr

Depreciation (latest quarter)Rs 55 Cr

Interest (TTM)Rs 261 Cr

Cost of goods sold (latest year)Rs 4,329 Cr

Total expenditure (latest year)Rs 5,037 Cr

Total income (latest year)Rs 5,504 Cr

Share capitalRs 34 Cr

ReservesRs 493 Cr

Shareholders' fundsRs 527 Cr

Total assetsRs 6,144 Cr

Net blockRs 2,168 Cr

Capital work in progressRs 21 Cr

ReceivablesRs 1,008 Cr

InventoryRs 310 Cr

Other liabilitiesRs 3,821 Cr

Shares outstanding (crore)16.79

Ownership

Promoter holding67.75% (+0.00 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 18.5 is at the 10th percentile of its own 3.2-year range (median 47.3, low 7.6, high 118.6).

P/B 3.79 is at the 78th percentile (median 2.94).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	JMCPROJECT	Nifty 50	Difference
1 week	-14.6%	-2.8%	-11.8 pts
1 month	-10.3%	-6.8%	-3.5 pts
3 months	+12.5%	-7.6%	+20.1 pts
6 months	+57.1%	+0.4%	+56.7 pts
1 year	+17.1%	-9.9%	+27.0 pts
2 years	+76.9%	-13.6%	+90.4 pts
3 years	+18.6%	+14.2%	+4.4 pts
5 years	-5.7%	+27.9%	-33.6 pts

Red flags

F-score 7 of 8

serious

Low interest cover Interest cover 0.9x in 2022

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2022

Sales ₹1,841 Cr +35.2% vs Sep 2021. Net profit ₹47 Cr +4800.0%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2022-07-26	Dividend - Rs 1 Per Share
2021-07-06	Annual General Meeting/Dividend - Rs 0.70 Per Share
2020-08-04	Annual General Meeting/Dividend - Rs 0.70 Per Sh
2019-07-22	Annual General Meeting/Dividend - Rs 0.70 Per Share
2018-10-04	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share	0.2000
2018-07-30	Annual General Meeting/Dividend- Rs 3 Per Share
2017-08-03	Annual General Meeting/Dividend - Rs 1.50 Per Share
2016-08-04	Annual General Meeting/ Dividend - Re 1/- Per Share
2016-01-11	Rights 2:7
2015-09-23	Annual General Meeting/Dividend - Re 1/- Per Share
2014-09-18	Annual General Meeting And Dividend Re.1/- Per Share
2013-07-18	Annual General Meeting / Dividend - Re 1/- Per Equity Share
2012-07-26	Annual General Meeting And Dividend Rs.2/- Per Share
2011-07-21	Dividend-Rs.2/- Per Share
2010-07-22	Dividend Rs 2 Per Share
2009-07-24	Rht1:5@Prem-Rs100/Div-Rs2bc Dates And Purpose Revised
2008-07-10	Agm/Dividend - 20%

No announcements in our files yet.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of JMC Projects (India) Ltd?

JMC Projects (India) Ltd (JMCPROJECT) has a market capitalisation of Rs 1,996 Cr. at the 2023-01-10 close.

What is the P/E ratio of JMC Projects (India) Ltd?

JMC Projects (India) Ltd trades at a P/E of 15.2 on trailing twelve-month profit, at the 2023-01-10 close.

What were JMC Projects (India) Ltd's latest quarterly results?

In the Sep 2022 quarter, JMC Projects (India) Ltd sales was Rs 1,841 Cr (+35.2% vs Sep 2021) and net profit was Rs 47 Cr.