Jaikumar Constructions Ltd IPO
Jaikumar Constructions has filed for an IPO to raise funds via a pure offer for sale of 90 lakh equity shares with each share having a face value of R...
IPO Details
-
Open Date
TBA
-
Close Date
TBA
-
Listing Date
TBA
- IPO Price Range
TBA
- IPO Size
TBA
- Listing Exchange
TBA
IPO Timeline
Last Updated: 30 September 2022 12:58 AM by 5Paisa
Jaikumar Constructions Limited, is a well-established real estate developer from Nashik operating under the name “Parksyde”. The company is promoted by Mr. Manoj Tibrewala and family who have a presence in the real estate sector for over two decades.
The firm and its subsidiary (JREPL) have constructed and delivered possession of approximately 6.93 lakhs sq. ft. and 4.50 lakhs sq. ft. of carpet area of residential units, respectively. Its ongoing residential projects includes 2 phases of Parksyde Homes & 1 commercial project under the subsidiary company namely Parksyde Business Avenue and the planned residential project includes 3 phases of Parksyde Nest, wherein it expects to provide an estimated total carpet area of 9.90 lakhs sq. ft. (i.e. 13.31 lakhs sq. ft. of constructed area).
It has concentrated on developing luxury, yet affordable, housing in the residential segment and ventured into development of commercial projects in Nashik. The firm has an established reputation and a track record of developing eco-friendly and luxurious projects through its emphasis on maximum compliance, contemporary architecture, modern amenities, strong project execution and quality construction in the real estate industry.
Financials
|
Particulars (in Rs. Crores) |
FY19 |
FY18 |
FY17 |
|
Revenue |
151.54 |
65.38 |
84.57 |
|
EBITDA |
13.06 |
21.36 |
14.69 |
|
PAT |
12.77 |
8.90 |
10.44 |
|
EPS (basic in Rs.) |
6.79 |
17.8 |
20.88 |
|
ROE |
63.85% |
178.00% |
208.83% |
|
Particulars (in Rs. Crores) |
FY19 |
FY18 |
FY17 |
|
Total Assets |
95.40 |
144.32 |
124.51 |
|
Share Capital |
20.00 |
5.00 |
5.00 |
|
Total Borrowings |
7.09 |
11.69 |
27.05 |
|
Particulars (in Rs. Crores) |
FY19 |
FY18 |
FY17 |
|
Net cash generated from / (used in) operating activities |
-2.38 |
13.63 |
0.75 |
|
Net cash from / (used in) investing activities |
0.03 |
0.79 |
-1.19 |
|
Net cash flow from / (used in) financing activities |
1.93 |
-14.82 |
0.67 |
|
Net increase (decrease) in cash and cash equivalents |
-0.41 |
-0.40 |
0.23 |
Peer Comparison
|
Name of the company |
Basic EPS |
NAV Rs. per share |
PE |
RoNW % |
|
Jaikumar Constructions Limited |
6.79 |
10 |
NA |
63.73% |
|
Kolte-Patil Developers Limited |
10.47 |
104.03 |
14.02 |
10.06% |
|
Arihant Superstructures Limited |
0.59 |
27.68 |
29.66 |
2.12% |
|
Prestige Estates Projects Limited |
7.71 |
113.33 |
17.81 |
6.80% |
|
Karda Constructions Limited |
9.78 |
76.62 |
15.54 |
12.83% |
Strengths
1. Cash flow visibility through ongoing and planned projects & land reserves
2. Ability to create projects which redefine the surrounding geography and create value
3. Prominent presence in Nashik
4. Established name and reputation
Risks
1. The company, its directors, its promoter and its subsidiary are parties to certain legal proceedings
2. Failure to obtain, retain and renew such approvals and licences in timely manner or comply with certain rules and regulations or at all
3. Operations and sales generation come from one location
4. failure on third party’s part to perform their obligations as service providers and contractors to execute various parts of the projects
5. Availed Rs. 2,148.71 lakhs as unsecured loan which are repayable on demand
6. May not be able to successfully identify and acquire suitable land or development rights as they have only a limited undeveloped land bank for any future developments
in 3
easy steps
Using 5paisa App or
Website
to block Payment
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*