---
title: "Jindal Cotex Ltd (JINDCOT) — Share Price, Financials & Analysis"
symbol: "JINDCOT"
company: "Jindal Cotex Ltd"
canonical: "https://tapetide.com/stocks/JINDCOT"
isin: "INE904J01016"
nse_symbol: "JINDCOT"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:59:09.451Z"
---

# Jindal Cotex Ltd (JINDCOT)

Canonical page: https://tapetide.com/stocks/JINDCOT

## Company

- **NSE Symbol:** JINDCOT
- **ISIN:** INE904J01016
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2009-09-22
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jindalcotex.com

## About

Incorporated in 1988, Jindal Cotex Ltd is engaged in manufacturing and sales of Textiles as well as generation and sale of energy from wind mill.

## Latest Price

- **Price:** ₹2.5
- **Change:** 0 (0%)
- **Open:** ₹2.5
- **Day High:** ₹2.5
- **Day Low:** ₹2.3
- **Previous Close:** ₹2.5
- **Volume:** 0
- **As Of:** 2022-11-28T04:43:35+00:00

## Key Insights

### Strengths

- Stock is trading at 0.06 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -83.6% over past five years.
- Company has a low return on equity of -1.62% over last 3 years.
- Contingent liabilities of Rs.328 Cr.
- Company might be capitalizing the interest cost
- Promoters have pledged 93.9% of their holding.
- Company has high debtors of 59,17,015 days.
- Working capital days have increased from 21,02,668 days to 62,78,365 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 65% | 20% | 5% |
| revenue growth | — | -93% | -84% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.2 | 2.44 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 5.37 |
| Expenses | 24.09 | 0.76 | 0.33 | 0.36 | 0.93 | 0.58 | 0.3 | 0.94 | 0.31 | 0.33 | 0.51 | 5.72 |
| Operating Profit | -21.89 | 1.68 | -0.33 | -0.36 | -0.93 | -0.57 | -0.3 | -0.94 | -0.31 | -0.33 | -0.51 | -0.35 |
| OPM % | -995 | 68.85 | — | — | — | -5700 | — | — | — | — | — | -6.52 |
| Other Income | 115.08 | 0.74 | 8.19 | 1.34 | 1.91 | 0.47 | 0.56 | 9.3 | -5.19 | 0.78 | 0.82 | 0.52 |
| Interest | 0.06 | 0.23 | 0.49 | 0.25 | 0.25 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.3 |
| Depreciation | 0.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 92.14 | 2.19 | 7.37 | 0.73 | 0.73 | -0.36 | -0.01 | 8.09 | -5.78 | 0.17 | 0.02 | -0.13 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 92.14 | 2.19 | 7.36 | 0.73 | 0.72 | -0.36 | -0.01 | 8.09 | -5.79 | 0.16 | 0.02 | -0.14 |
| EPS in Rs | 20.47 | 0.49 | 1.64 | 0.16 | 0.16 | -0.08 | 0 | 1.8 | -1.29 | 0.04 | 0 | -0.03 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 100.82 | 175.09 | 231.57 | 83.9 | 32.78 | 28.35 | 15.22 | 2.44 | 0.01 | 5.37 |
| Expenses | 113.37 | 176.45 | 239.87 | 80.16 | 33.23 | 28.02 | 17.9 | 2.2 | 2.14 | 6.87 |
| Operating Profit | -12.55 | -1.36 | -8.3 | 3.74 | -0.45 | 0.33 | -2.68 | 0.24 | -2.13 | -1.5 |
| OPM % | -12.45 | -0.78 | -3.58 | 4.46 | -1.37 | 1.16 | -17.61 | 9.84 | -21300 | -27.93 |
| Other Income | 1.74 | 1.89 | 1.73 | 16.24 | 23.69 | 1.51 | 110.62 | 12.18 | 5.14 | -3.07 |
| Interest | 61.94 | 0.7 | 1.77 | 0.83 | 0.91 | 0.83 | 0.9 | 1.4 | 1.07 | 1.15 |
| Depreciation | 20.09 | 19.52 | 19.94 | 6.21 | 6.12 | 6.03 | 5.46 | 0.01 | 0.01 | 0 |
| Profit before tax | -92.84 | -19.69 | -28.28 | 12.94 | 16.21 | -5.02 | 101.58 | 11.01 | 1.93 | -5.72 |
| Tax % | -0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -92.82 | -19.68 | -28.28 | 12.94 | 16.2 | -5.02 | 101.58 | 11 | 1.93 | -5.75 |
| EPS in Rs | -20.63 | -3.91 | -4.93 | 2.88 | 3.6 | -1.12 | 22.57 | 2.44 | 0.43 | -1.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | -32.94 | -48.96 | -71.8 | 17.04 | 33.01 | 27.99 | 129.57 | 140.59 | 142.52 | 142.7 |
| Borrowings | 599.15 | 611.39 | 605.84 | 240.91 | 215.98 | 212.52 | 54.11 | 45.29 | 44.68 | 44.64 |
| Other Liabilities | 54.15 | 51.57 | 65.5 | 16.09 | 10.24 | 10.8 | 17.48 | 5.71 | 3.57 | 3.58 |
| Total Liabilities | 665.36 | 659 | 644.54 | 319.04 | 304.23 | 296.31 | 246.16 | 236.59 | 235.77 | 235.92 |
| Fixed Assets | 253.52 | 234.81 | 217.49 | 66.19 | 59.63 | 53.61 | 4.68 | 2.13 | 2.11 | 2.11 |
| CWIP | 82.27 | 81.93 | 46.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.2 | 0.2 | 0.2 | 1.11 | 1.11 | 1.11 | 1.11 | 1.12 | 1.12 | 1.12 |
| Other Assets | 329.37 | 342.06 | 380.18 | 251.74 | 243.49 | 241.59 | 240.37 | 233.34 | 232.54 | 232.69 |
| Total Assets | 665.36 | 659 | 644.54 | 319.04 | 304.23 | 296.31 | 246.16 | 236.59 | 235.77 | 235.92 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -78.66 | -50.44 | 2 | 6.3 | 93.04 | 24.22 | 3.46 | 113.17 | 5.59 | -0.05 |
| Cash from Investing Activity | -5.54 | 1.03 | 0.89 | -3.21 | 274.21 | 1.68 | 1.68 | 45.19 | 4.38 | 1.92 |
| Cash from Financing Activity | 72.67 | 46.43 | -5.49 | -2.92 | -373.98 | -25.84 | -4.29 | -159.31 | -10.03 | -1.77 |
| Net Cash Flow | -11.53 | -2.98 | -2.59 | 0.16 | -6.73 | 0.07 | 0.85 | -0.96 | -0.06 | 0.1 |
| Free Cash Flow | -66.58 | -50.21 | 1.58 | 1.78 | 92.21 | 24.35 | 3.45 | 156.63 | 8.13 | -0.05 |
| CFO/OP | 138 | 402 | -147 | -76 | 2488 | -5382 | 1048 | -4223 | 2329 | 2 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 537.04 | 956.27 | 569.13 | 439.3 | 761.41 | 1880.01 | 2165.02 | 4005.41 | 24459.49 | 5917015 |
| Inventory Days | 32.24 | 77.37 | 45.71 | 28.14 | 12.15 | 19.01 | 28.45 | 5.91 | 116.14 | — |
| Days Payable | 62.4 | 146.69 | 110.79 | 127.24 | 70.32 | 135.14 | 185.24 | 313.52 | 3135.68 | — |
| Cash Conversion Cycle | 506.87 | 886.95 | 504.04 | 340.21 | 703.24 | 1763.88 | 2008.23 | 3697.79 | 21439.94 | 5917015 |
| Working Capital Days | 301.95 | 500.65 | 287.49 | 437.28 | 754.1 | 1998.7 | 2271.75 | 4018.6 | 25621.8 | 6278365 |
| ROCE % | -10.79 | -4.9 | -3.1 | -4.32 | -0.23 | -1.68 | -1.38 | -2.49 | 0.89 | -0.09 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 21.34% | 21.26% | 21.05% | 21.05% | 21.05% | 21.05% | 21.05% | 22.16% | 22.16% |
| FIIs | 0% | 14.82% | 3.54% | 0.59% | 0.59% | 0.59% | 0.59% | 11.09% | 11.09% |
| DIIs | 29.75% | 14.93% | 14.94% | 14.94% | 14.94% | 14.94% | 14.94% | 0% | 0% |
| Public | 48.9% | 48.99% | 60.47% | 63.42% | 63.42% | 63.42% | 63.42% | 66.75% | 66.75% |
| No. of Shareholders | 7891 | 7550 | 7596 | 7583 | 7648 | 7637 | 9230 | 9495 | 9480 |

### Quarterly

| Category | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 21.05% | 21.05% | 21.05% | 21.05% | 21.05% | 21.05% | 21.05% | 22.16% | 22.16% | 22.16% | 22.16% | 22.16% |
| FIIs | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 15.53% | 15.53% | 11.09% | 11.09% | 11.09% | 11.09% | 11.09% |
| DIIs | 14.94% | 14.94% | 14.94% | 14.94% | 14.94% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 63.42% | 63.42% | 63.42% | 63.42% | 63.42% | 63.42% | 63.42% | 66.75% | 66.76% | 66.76% | 66.76% | 66.75% |
| No. of Shareholders | 7736 | 7817 | 8375 | 9230 | 9275 | 9360 | 9495 | 9495 | 9490 | 9487 | 9483 | 9480 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 20.85 | Buy |
| EMA (10) | 21.22 | Buy |
| SMA (20) | 21.61 | Buy |
| EMA (20) | 21.5 | Buy |
| SMA (50) | 23 | Sell |
| EMA (50) | 22.49 | Sell |
| SMA (100) | 23.85 | Sell |
| EMA (100) | 23.6 | Sell |
| SMA (200) | 25.37 | Sell |
| EMA (200) | 25.08 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.14 | Neutral |
| MACD (12,26,9) | -0.46 | Buy |
| Stochastic (14,3,3) | 55.22 | Neutral |
| ADX (14) | 20.38 | Neutral |
| Williams %R (14) | -33.86 | Neutral |
| ATR (14) | 2.82 | High Volatility |
| ROC (12) | -0.23 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 60.64 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Nov 2024 - JINDAL COTEX LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company … | [Board Meeting Intimation 9 Nov 2024 - JINDAL COTEX LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company …](https://nsearchives.nseindia.com/corporate/xbrl/JINDCOT_09112024191904_PRIOR_INTIMATION_40615_1303207_09112024071903_WEB.xml) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23859_JINDCOT_2022_2023_08092023184610_09082023190016.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21869_JINDCOT_2021_2022_06122022135358_12062022140001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19909_JINDCOT_2020_2021_31122021175913_12312021180003.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_18053_JINDCOT_2019_2020_12022021120031_12022021130007.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_16159_JINDCOT_2018_2019_09112019161701_09112019170006.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_14416_JINDCOT_2017_2018_30112018142836.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_12340_JINDCOT_2016_2017_20122017182730.zip) |
| from nse | [Annual Report 2016 from nse](https://archives.nseindia.com/annual_reports/AR_10460_JINDCOT_2015_2016_10102016101314.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_JINDCOT_2011_2012_14092012100803.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_JINDCOT_2010_2011_13092011045252.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:59:09.451Z.