Jai Corp Share Price
JAICORPLTD
Jai Corp Share Price Chart
About Jai Corp
Jai Corp Financials
Market cap ₹5,201 Crs | Open ₹299.35 | Close ₹296.35 |
Circuit range ₹355.60 - ₹237.10 | Day range ₹288.10 - ₹299.35 | Year range ₹249.05 - ₹438.30 |
Volume 2,55,164 | Avg. traded ₹292.53 | Revenue (12m) ₹468 Crs |
Jai Corp is a manufacturing company that has also ventured into real estate and venture capital. Since its incorporation, Jai Corp has been working primarily in steel manufacturing. The company started manufacturing woven sacks in 1985.
They bought their first manufacturing setup in Murbad, Maharashtra, and started commercial production in January 1987. The installed capacity of this plant was 800 tonnes per annum (TPA). In 1990, Jai Corp started its second production unit with a capacity of 1200 TPA. Later on, they started manufacturing fabrics, along with woven sacks.
The company also started dealing with yarn spinning, polywoven products and masterbatches. In 1992, it started the production of jumbo bags in a new facility in Silvassa. The company name was changed to Jai Fibre Industries Ltd in 1993 but was again altered to become Jai Corp in 1994.
In 2005, the company signed an agreement with ARCIL and entered the real estate and infrastructure projects market. Over the years, the historical functioning of the company in plastic and woven product manufacturing has changed significantly.
The company’s market capitalisation is over ₹7,000 crore as of January 15, 2024. Jai Corp's share price has risen by over 320% in the last three years.
Business operations
Jai Corp currently has strategic business operations under SEZ development, real estate projects, steel division, plastic processing division and port management. The company has four production facilities for the plastic processing division. Polywoven products galvanised and plain steel sheets, yarns, and colour additive masterbatches are some of the products.
The company caters to a varied customer base of different industries. Its product lineup comprises woven sacks/fabric, jumbo bags, pp staple fibre, geotextiles, steel coil and steel sheets.
The company serves diverse verticals such as agriculture, construction, packaging, textiles, automotive, appliances, and general engineering.
Currently, more than 1400 employees work in Jai Corp. It has two special economic zones under construction, one in Navi Mumbai and the second in Mumbai. Both the SEZs are developed as futuristic business hubs to attract international business partners.
In infrastructure projects, Jai Corp has Rewa green field port under development in collaboration with the Maharashtra Maritime Board. Jai Corp also has several townships and commercial buildings across Maharashtra.
Under the name of Urban Infrastructure Venture Capital Ltd (UIVCL), Jai Corp manages two funds. UIVCL operated as a venture capital management firm and served as the manager for Urban Infrastructure Opportunities Fund (UIOF), a scheme under Urban Infrastructure Venture Capital Fund (UIVCF), a SEBI registered fund. In FY23, UIOF investors exited under SEBI orders, leading to the subsequent exit of Jai Corp and UIVCL from the venture capital business.
One of the company's fully owned subsidiaries, Swar Land Developers Limited, is currently engaged in the development of an industrial estate close to Mumbai. Phases I, II, and III of the construction have been completed and are now available for sale.
Financial highlights
– The company’s consolidated revenue in FY23 stood at ₹619.45 crore, down 16.17% year-on-year compared to ₹738.96 crore in FY22. – The company reported a net loss of ₹13.57 crore in FY23, as against net profit of ₹52.65 crore in FY22. – Its earnings per share stood at a negative ₹(-0.76) in FY23 as against ₹2.89 in FY22.
Jai Corp Key indicators
52 week high ₹438.30 | 52 week low ₹249.05 | P/E ratio 88.82 |
P/B ratio 3.81 | ROE 3.98% | ROCE 5.23% |
Dividend yield 0.17% | Debt/Equity ratio | EPS 3.04 |
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Jai Corp Fundamentals
Jai Corp Financial Ratios
Operating profit margin17.41% | Net profit margin11.86% |
ROE3.98% | ROA3.87% |
ROCE5.23% |
Quick ratio9.77 | Current ratio12.41 |
Interest coverage425.57 | Asset turnover0.33 |
Debt to Equity0 |
P/E ratio88.82 | P/B ratio3.81 |
EV / EBITDA63.13 | |
Dividend yield0.17% |
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Revenue statement
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Jai Corp Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹299.95 | ₹296.35 | -0.35% |
Mon, Nov 18 2024 | ₹301.00 | ₹297.40 | -0.54% |
Thu, Nov 14 2024 | ₹300.00 | ₹299.00 | |
Wed, Nov 13 2024 | ₹317.70 | ₹295.00 | -7.42% |
Tue, Nov 12 2024 | ₹325.45 | ₹318.65 | -0.30% |
Mon, Nov 11 2024 | ₹329.50 | ₹319.60 | -3.44% |
Fri, Nov 8 2024 | ₹335.80 | ₹331.00 | -1.77% |
Thu, Nov 7 2024 | ₹340.70 | ₹336.95 | -0.49% |
Events
Corporate actions
Dividend • ₹0.5/share
Ex date 27 Aug 2024
Dividend • ₹0.5/share
Ex date 04 Sep 2023
Dividend • ₹0.5/share
Ex date 20 Oct 2022
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