JCT share price

BSE: 500223Textiles & Apparels

JCT Ltd · Face value ₹2.50 · Listed Sep 1986

Trading suspended since 31 Dec 2024

Last traded ₹1.21 on 30 Dec 2024

Latest announcements

Routine notices left out.

  1. Sep 2026

  2. Aug 2026

  3. May 2026

  4. Apr 2026

  5. Mar 2026

Share price history

Daily closes since Jan 2007, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹113 Cr−42.1% on a year ago · −3.0% on the quarter before
Operating profit
−₹26 Cr
Net profit
−₹40 Cr
Earnings per share
−₹0.46
Operating margin
−23.3%
Net margin
−35.3%

From revenue to net profit, ₹ crore

  1. Revenue113
  2. Materials and goods−83
  3. Employee costs−20
  4. Other expenses−37
  5. Operating profit−26
  6. Depreciation−2.4
  7. Other income+1.4
  8. Finance costs−13
  9. Profit before tax−40
  10. Tax0.0
  11. Net profit−40

JCT results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2023. Results for the quarter to Sep 2023 were due by 14 Nov 2023, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
131−5.9Sep 2018710Dec 202065.7Mar 21152−7.0Jun 21197−6.1Sep 21219−5.3Dec 2123728Mar 22196−2.5Jun 22173−25Sep 22153−19Dec 22117−39Mar 23113−40Jun 23
Peak revenue ₹237 Cr, quarter to Mar 2022; lowest ₹113 Cr, quarter to Jun 2023A loss in 9 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
11.9%−35.3%5.7%10.5%11.7%5.3%3.5%0.8%5.5%3.3%−7.0%−8.9%−21.1%−23.3%−4.5%5.6%2.8%−4.6%−3.1%−2.4%11.9%−1.3%−14.3%−12.1%−33.8%−35.3%Sep 20Mar 21Sep 21Mar 22Sep 22Mar 23Jun 23
₹ croreSep 2018Dec 2018Q3Filed 14 FebMar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021Jun 2021Q1Sep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Filed 30 JunJun 2023Q1Filed 14 Aug
Revenue from operations204189218188177176152133131187206152197219237196173153117113
197182207186186177147117124167182144190217224189185167142140
Materials and goods bought11910612810810710782657310311681113135147114109987883
Employee costs2730272928282517192323222425262423232120
Other expenses5246514952424135314143405357515154464337
Operating profit before depreciation66123−9−151682024872136−12−14−25−26
Operating margin3.1%3.4%5.4%1.5%−5.3%−0.5%3.0%12.0%5.7%10.5%11.7%5.3%3.5%0.8%5.5%3.3%−7.0%−8.9%−21.1%−23.3%
Depreciation and amortisation64444443335433334332
Other income122753121511393231811
Finance costs9954121111810111115131313131010101313
One-off items00000000000000000000
Profit before tax−8−5−44−6−19−13−64−6106−7−6−528−3−25−19−39−40
Tax00000000000000000000
Tax rate–––––––0.0%–0.0%0.0%–––0.0%–––––
Net profit−8−5−44−6−19−13−64−6106−7−6−528−3−25−19−39−40
Other comprehensive income21−2015000002000100020
Total comprehensive income−6−4−46−6−4−13−64−6108−7−6−529−2−24−18−37−40
Net margin−3.7%−2.8%−19.9%−3.3%−10.6%−7.7%−4.1%3.3%−4.5%5.6%2.8%−4.6%−3.1%−2.4%11.9%−1.3%−14.3%−12.1%−33.8%−35.3%
Earnings per share−₹0.10−₹0.07−₹0.76−₹0.07−₹0.30−₹0.16−₹0.07₹0.05−₹0.07₹0.13₹0.07−₹0.08−₹0.07−₹0.06₹0.32−₹0.03−₹0.29−₹0.21−₹0.45−₹0.46
Diluted earnings per share−₹0.10−₹0.07−₹0.70−₹0.07−₹0.28−₹0.15−₹0.07₹0.05−₹0.07₹0.13₹0.07−₹0.08−₹0.07−₹0.06₹0.32−₹0.03−₹0.29−₹0.21−₹0.45−₹0.46
Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone, ₹ crore, quarters to Jun 2023.

  • Textiles

    Revenue, ₹ crore
    Profit, ₹ crore

  • Nylon Filament Yarn

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Revenue of all businesses131187206152197219238196173153117113
Company revenue, as in its results131187206152197219237196173153117113
Revenue821071159311113214211594885776
Revenue growth−15.5%6.2%43.2%−20.1%36.1%23.4%23.8%24.0%−15.8%−33.5%−59.7%−34.4%
Profit5141135296−3−6−17−15
Profit growth–––−90.0%8.4%−85.8%−16.0%154.5%––––
Margin6.1%12.9%9.7%2.7%4.9%1.5%6.6%5.6%−3.2%−7.0%−30.1%−20.4%
Assets588608620617618627635641626614608591
Liabilities319323321324321332309317316316338350
Capital employed269285298294296295325324311298270241
Revenue508091598587958080656038
0–0–000–0–00
Profit is before tax and finance costs, the way companies report their segments.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Mar 149828.8Mar 15Mar 16808−19Mar 17765−36Mar 18800−64192Mar 19693−45157Mar 2065715159Mar 218049.6173Mar 22639−85197Mar 23
Peak revenue ₹982 Cr, year to Mar 2015; lowest ₹639 Cr, year to Mar 2023A loss in the year to Mar 2023, −₹85 Cr

Operating and net margin, per cent

  • Operating margin
  • Net margin
10.2%−13.4%6.4%4.0%2.6%4.0%−0.4%10.2%3.7%−6.9%0.9%−2.4%−4.7%−8.0%−6.4%2.2%1.2%−13.4%Mar 14Mar 16Mar 18Mar 20Mar 22Mar 23

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.0% of operating profit in the first full year.

Results for the year to Mar 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue639
  2. Materials and goods−399
  3. Employee costs−91
  4. Other expenses−193
  5. Operating profit−44
  6. Depreciation−12
  7. Other income+14
  8. One-off items0.0
  9. Finance costs−44
  10. Profit before tax−85
  11. Tax0.0
  12. Net profit−85

What the company owns

  • Plant, investments and other assets₹615 Cr
  • Inventory₹150 Cr
  • Receivables₹33 Cr
  • Cash and bank₹9 Cr
  • Current investments₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹270 Cr
  • Other liabilities₹209 Cr
  • Borrowings₹197 Cr
  • Owed to suppliers₹132 Cr

JCT business segments, year to Mar 2023

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.

Revenue by segment

₹639 CrTotal
  • Textiles₹354 Cr55.4% of total
  • Nylon Filament Yarn₹285 Cr44.6% of total

Segment results by year

Standalone, ₹ crore, years to March.

  • Textiles

    Revenue, ₹ crore
    Profit, ₹ crore

  • Nylon Filament Yarn

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue of all businesses800693657804639
Company revenue, as in its results800693657804639
Revenue466386420478354
Revenue growth–−17.2%8.8%13.7%−25.8%
Profit9−215519−20
Profit growth–––−65.1%–
Margin2.0%−5.4%13.1%4.0%−5.6%
Return on capital16.3%−7.8%18.5%5.9%−7.4%
Assets388610620635608
Liabilities331343321309338
Capital employed57267298325270
Revenue334307237327285
–0000
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2014 and Mar 2016. The last column is the twelve months to Jun 2023, the latest four quarters added.

₹ croreMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Filed 30 JunJun 2023Twelve monthsFiled 14 Aug
Revenue from operations982–808765800693657804639557
918–775745768696590774683633
Materials and goods bought547–466449464403357477399367
Employee costs––––11310982979187
Other expenses––––191184151201193179
Operating profit before depreciation63–322032−36730−44−77
Operating margin6.4%–4.0%2.6%4.0%−0.4%10.2%3.7%−6.9%−13.8%
Materials, % of revenue––––57.9%58.2%54.4%59.3%62.4%66.0%
Employee costs, % of revenue––––14.1%15.7%12.4%12.1%14.2%15.6%
Other expenses, % of revenue––––23.9%26.5%23.0%25.0%30.2%32.2%
Depreciation and amortisation28–3130231515131212
Operating profit after depreciation36–1−1110−185316−56−88
Other income8–11107168451412
Finance costs34–3736814346514447
Profit before one-off items and tax10–−25−36−64−451510−85−123
One-off items−1–––000000
Profit before tax9–−25−36−64−451510−85−123
––00000000
Net profit9–−19−36−64−451510−85−123
Other comprehensive income––––2161243
Total comprehensive income––––−63−291612−82−120
Net margin0.9%–−2.4%−4.7%−8.0%−6.4%2.2%1.2%−13.4%−22.1%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2015, Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Filed 30 Jun
60317340352270
Share capital210210210217217
Reserves−14910813113553
192157159173197
332352354375442
19017815113395
582847845860808
314602590578571
267244254282237
Net debt183134148161187
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021Mar 2022Mar 2023Filed 30 Jun
31.733.118.0
31.733.718.5
−38.9−1.558.2
Receivables−28.3−8.327.0
Inventories5.0−10.914.6
Payables6.37.0−7.5
Other working capital−21.910.624.1
Tax paid0.1−0.5−0.6
Capital spending4.92.63.8
Free cash flow26.830.514.1
0.839.07.8
−44.8−72.8−26.3
Dividends paid0.00.00.0
Shares bought back0.00.00.0
Shares issued0.00.00.0
Net change in cash−12.3−0.7−0.6
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2015, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Filed 30 Jun
Earnings per share₹0.16–−₹0.32−₹0.60−₹1.05−₹0.53₹0.18₹0.11−₹0.98
Diluted earnings per share₹0.14–−₹0.32−₹0.60−₹0.99−₹0.53₹0.17₹0.11−₹0.98
Book value per share–––––₹3.78₹4.06₹4.05₹3.11
Shareholder yield––––––0.0%0.0%0.0%
Market cap at the year end (₹ crore)168––––6690353144

Ratios

Standalone, years to March.

RatioMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Filed 30 Jun
Revenue growth–––−5.3%4.6%−13.4%−5.2%22.3%−20.5%
Operating profit growth–––−38.8%64.9%––−55.9%–
Net profit growth–––––––−34.5%–
Earnings per share growth–––––––−38.9%–
––––−106.8%−23.6%4.5%2.8%−27.4%
–––––83.2 pts28.1 pts−1.7 pts−30.2 pts
From the net margin–––––21.2 pts31.8 pts−2.1 pts−33.8 pts
From asset turnover–––––25.2 pts−1.6 pts0.5 pts5.8 pts
From borrowing–––––36.8 pts−2.1 pts−0.1 pts−2.2 pts
Return on capital employed––––3.9%−3.7%10.5%3.1%−11.9%
Cash conversion––––––215.9%343.9%–
Interest cover1.1–0.0–0.1–1.10.3–
Debt to equity––––3.190.490.470.490.73
Receivable days––––2113292719
Inventory days––––139144157126138
Payable days––––109114135107121
Cash conversion cycle, days––––5042514736
Working capital days––––10−33−127−27
Asset turnover––––1.370.970.780.940.77
Assets per rupee of net worth––––9.683.792.572.462.68
Sales per rupee of plant––––2.651.171.131.421.14
Capital spending to depreciation––––––0.340.200.33
Plant being built, % of plant in use––––1.0%0.3%0.2%0.2%0.3%
Interest cover is left blank for the years to Mar 2018, Mar 2020 and Mar 2023: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2023.

Return on assets, latest year
−10.2%
Measure5 years3 years
Revenue growth, yearly rate−3.5%−2.7%
Return on equity, average−30.1%−6.7%
Return on capital employed, average0.4%0.6%
Operating margin, average2.1%2.3%
Net margin, average−4.9%−3.3%
Asset turnover, average0.970.83
Cash conversion cycle, days, average4544
Interest cover, average–0.7
Debt to equity, average1.070.56

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2023.

₹ crore3 yearsLatest year
Cash from operations8318
Cash from investing488
Cash from financing−144−26
Capital spending114
Dividends paid00
Shares bought back00
Shares issued for cash00
Borrowings raised1010
Borrowings repaid330

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2020Mar 2021Mar 2022Mar 2023
Piotroski score, out of 9Published threshold 3 points out of 9–864
Altman Z-scorePublished threshold 1.810.911.201.680.57
Beneish M-scorePublished threshold −1.78–−1.50−2.45−3.58
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–−2.11−7.33−13.32
Receivables growth less revenue growthOur threshold 0 percentage points−33.78122.96−6.78−24.63
Inventory growth less cost-of-goods growthOur threshold 0 percentage points3.458.25−26.347.49
Other current assets growth less revenue growthOur threshold 5 per cent of revenue0.20−0.261.09−0.13
Assets under construction, years of additionsOur threshold 2 years of additions0.010.271.190.41
Effective tax ratePublished threshold 17.16 per cent–0.000.00–
Tax charged less tax paid, % of profitOur threshold 10 percentage points––−5.50–
A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
9 Apr 2026CARE Ratings LimitedFund-based - LT-Cash CreditLong-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm86.51
9 Apr 2026CARE Ratings LimitedFund-based - LT-Term LoanLong-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm24.68
9 Apr 2026CARE Ratings LimitedFund-based - ST-Packing Credit in Foreign CurrencyShort-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm0.30
9 Apr 2026CARE Ratings LimitedNon-fund-based - ST-BG/LCShort-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm74.28
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.

Where the return came from

Yearly rates to Mar 2023, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−59.1%––0.0%
3 years+28.1%––0.0%
5 years−9.7%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

JCT share price by year

Each calendar year to 2024.

YearClose at year endChangeHighest closeLowest close
20241.21−55.4%4.381.21
20232.71−16.9%3.391.56
20223.26−55.3%7.952.97
20217.29+692.4%7.290.76
20200.92+3.4%1.720.53
20190.89−54.6%1.980.69
20181.96−53.3%5.051.84
20174.20−20.2%6.123.15
20165.26−45.2%10.523.64
20159.59+139.2%10.712.71
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 10 trading days to 30 Dec 2024, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
30 Dec 20241.211.211.211.211.213,97,499
23 Dec 20241.271.271.271.271.272,75,821
16 Dec 20241.331.331.331.331.336,24,374
9 Dec 20241.391.391.391.391.398,68,717
2 Dec 20241.461.461.461.461.463,19,382
25 Nov 20241.531.531.531.531.534,37,869
18 Nov 20241.761.771.611.611.646,25,094
11 Nov 20241.551.691.551.691.678,40,408
4 Nov 20241.611.611.571.611.617,14,140
28 Oct 20241.571.591.461.541.548,51,506
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
500223
ISIN
INE945A01026
Industry
Textiles & Apparels
Website
www.jct.co.in
CIN
L17117PB1946PLC004565
Corporate identity number, the registrar of companies' code for it
Incorporated
1946
Registered office
Village Chohal, Hoshiarpur 146001, Punjab
Share registrar
RCMC Share Registry Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments