Shri Jagdamba Polymers Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Shri Jagdamba Polymers Ltd trades at ₹592, in a downtrend and 22 weeks into that stage. That is −22.2% against its own 200-day average. It sits at 0% of a 52-week range of ₹592 to ₹1,151. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (33 weeks and counting).

Today the stock is in a downtrend — week 22 of stage 4, confirmed. At ₹592 it trades −22.2% versus its 200-day average and sits at 0% of its 52-week range (₹592–₹1,151).

Against the market, two honest reads. Cumulative: over the last 9.9 years the stock moved +1,294% while the NIFTY 500 moved +252% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (33 weeks and counting; last ahead the week of 2025-07-18) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Shri Jagdamba Polymers Ltd trades at 11.4× P/E, mid-range by its own standards (38th percentile). Its long-run median P/E is 13.9×, measured across 9.9 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 11.4× is mid-range by its own standards (38th percentile), against a long-run median of 13.9× measured over 9.9 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +49.0% against a −26.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +3.0%/yr price move, ~+5.7%/yr came from earnings growth and ~−2.7 pp from the multiple (compressing); over 10y, of the +30.1%/yr price move, ~+25.6%/yr came from earnings growth and ~+4.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Shri Jagdamba Polymers Ltd reads as topping out on its fundamental arc. Topping out — revenue and profit growth have decelerated hard (revenue growth +46.4% at its peak → −43.9% latest) while ROCE still reads 22.0%. The read is built from 9 quarters across 3 curves, on partial evidence.

Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

4-Factor Sector Score

46.8/100 — rank 2 of 3 in Textiles - Technical Textile · 69% evidence confidence

Shri Jagdamba Polymers Ltd scores 46.8 out of 100 against the 3 companies it is compared with in Textiles - Technical Textile, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 14.6 + 18.4 + 10.8 + 3 = 46.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Shri Jagdamba Polymers Ltd reported ₹64.4 Cr of revenue in the Dec 25 quarter, −43.9% year on year. Over 10 years it has compounded at 15.9% a year. The last full year, FY25, came in at ₹481 Cr. The last four reported quarters add to ₹435 Cr.

FY25 revenue came in at ₹481 Cr (+32.9% on the year), capping 10 years at 15.9% compound. The latest quarter (Dec 25) printed ₹64.4 Cr, −43.9% year on year.

Pace check: the last four quarters averaged −7.9% growth against the decade's 15.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −7.8% over the last 4 quarters against +17.0%/yr over the last 8 — rolling over; TTM profit +19.5% vs +25.2%/yr — rolling over.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Shri Jagdamba Polymers Ltd's operating margin is 5.7% in the Dec 25 quarter, −9.1 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 8.0% to 23.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 5.7%, −9.1 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 8.0%–23.0%.

🚨 Why the margin moved: operating margin went −9.1 pp year on year while gross margin went −5.4 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Shri Jagdamba Polymers Ltd earned ₹8.4 Cr of net profit in the Dec 25 quarter, −38.5% year on year. Full-year FY25 profit was ₹48.0 Cr. The 10-year compound rate is 32.0%. That is 13.1% of the quarter's revenue. The same quarter a year earlier earned ₹13.7 Cr.

Dec 25 profit was ₹8.4 Cr, −38.5% year on year. On the full year, FY25 printed ₹48.0 Cr (+50.0%), and the 10-year compound rate is 32.0%.

🚨 Why profit moved: revenue contributed −43.9% and the margin −9.1 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +29.5% vs revenue −7.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 39% of Shri Jagdamba Polymers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−19.0 Cr of operating cash against ₹48.0 Cr of profit. After ₹12.0 Cr of capital spending, ₹−31.0 Cr was left as free cash.

FY25: operating cash of ₹−19.0 Cr against reported profit of ₹48.0 Cr, leaving free cash of ₹−31.0 Cr after ₹12.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 39% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at 39%: the cash cycle stretched 71 days between FY20 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 71 days — the next section's job is to find where the cash is stuck.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Shri Jagdamba Polymers Ltd's cash conversion cycle runs 147 days in FY25, up from 76 days in FY20. Capital spending ran ₹21.0 Cr over the last 3 years. At FY25 sales of ₹481 Cr each day of that cycle holds about ₹1.3 Cr, so roughly ₹194 Cr sits inside the business at any moment.

FY25: debtors at 102 days, inventory at 56 days — roughly 1.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 147 days, looser than FY20's 76.

The full loop: cash goes out to suppliers and production on day 0; stock waits 56 days to sell; customers pay about 102 days after that; and suppliers themselves are paid at 11 days — netting out to the 147-day cycle.

In money terms: at FY25 sales of ₹481 Cr, each day of the cycle holds about ₹1.3 Cr — so the 147-day loop keeps roughly ₹194 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹21.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹1.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Shri Jagdamba Polymers Ltd earns a ROCE of 22% in FY25. That is up from a trough of 15% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 10.0% net margin on 1.29× asset turns.

FY25 ROCE is 22%, recovered from a FY14 trough of 15% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 10.0% net margin × 1.29× asset turns × 1.28× balance-sheet leverage ≈ 16.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Shri Jagdamba Polymers Ltd carries ₹59.0 Cr of borrowings against ₹293 Cr of equity in FY25, a debt-to-equity of 0.20. Operating profit covers the interest bill 14×. Over 5 years borrowings went from ₹33.0 Cr to ₹59.0 Cr. Capital spending ran ₹21.0 Cr across the last 3 of those years.

FY25: borrowings of ₹59.0 Cr against equity of ₹293 Cr — a debt-to-equity of 0.20. Operating profit covers the interest bill 14×. Over 5 years borrowings went from ₹33.0 Cr to ₹59.0 Cr while capital spending ran ₹21.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Shri Jagdamba Polymers Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 72.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +0.4 points over 8 quarters to 5.1%; Promoters: +0.0 points over 8 quarters to 72.9%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Shri Jagdamba Polymers Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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