Query Board

I have 60 shares of JBF In­dus­tries Lim­ited pur­chased at ₹194. Should I sell it or hold it? - Chi­tra Devi

Dalal Street Investment Journal - - CONTENTS -

JBF In­dus­tries Lim­ited is en­gaged in the man­u­fac­ture of polyester chips, polyester yarn and pro­cessed yarn from polyester chips. The com­pany op­er­ates in var­i­ous seg­ments, in­clud­ing polyester film and other polyester prod­ucts. On the fi­nan­cial front, JBF In­dus­tries Lim­ited’s rev­enue in­creased 3.96 per cent to ₹1060.54 crore in the first quar­ter of FY18 as com­pared to the same quar­ter of the pre­vi­ous fis­cal.

The com­pany’s PBIDT dropped 24.30 per cent to ₹48.60 crore in Q1FY18 as against ₹64.20 crore in Q1FY17. The com­pany’s profit after tax de­clined by over 200 per cent to record a loss of ₹12.66 crore in the first quar­ter of FY18 as against a PAT of ₹9.83 crore in Q1FY17. On an an­nual ba­sis, the com­pany’s rev­enue in­creased by 8.41 per cent to ₹4271.45 crore in FY2017 as com­pared to the pre­vi­ous fis­cal. The com­pany’s PBIDT de­creased 27.14 per cent to ₹253.25 crore in FY17 as against ₹347.58 crore in FY16. The profit after tax of the com­pany also got re­duced by 42.28 per cent to ₹35.63 crore in FY17 as com­pared to ₹61.73 crore in FY16. The com­pany main­tained its TTM PE at 111.28x, whereas its peers such as Ban­swara Syn­tex stood at 23.77x and Pa­su­pati Acry­lon at 11.74x. The in­dus­try’s TTM PE is at 19.44x. The stock is likely to go up. We rec­om­mend in­vestors to HOLD the stock.

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