Established in 1986, Jindal Photo Ltd is a pioneering company engaged in strategic investments in group enterprises and offering management consultancy services. Over the years, the company has demonstrated a commitment to fostering growth within its affiliated businesses through prudent financial management and expert advisory services.
In this article, we delve into a comprehensive exploration of Jindal Photo Ltd, examining its investment strategies, the scope of its consultancy offerings, and its pivotal role within the corporate landscape. Join us as we uncover the intricacies of this multifaceted organization and gain insights into its evolution and impact.
About Jindal Photo
Founded in 1986, Jindal Photo Ltd (JPL) is a core investment company specializing in strategic investments in group entities alongside providing management consultancy services. JPL holds substantial investments in securities of affiliated group companies, exemplifying its commitment to nurturing and supporting business ventures within its ecosystem. The company’s portfolio includes an associate company, Jindal India Powertech Limited, and a joint venture, Mandakini Coal Company Limited. Notably, JPL extended an interest-bearing loan of Rs. 5.4 Crores to Mandakini Coal Company Limited (MCCL) by March 31, 2023. In response to MCCL’s financial challenges, JPL’s board agreed to waive the interest accrued from fiscal year 2016 to 2023, showcasing a proactive stance towards its investments.
Moreover, JPL’s investment portfolio underwent valuation adjustments in the fiscal year 2023. The fair value assessment of shares in Jindal India Thermal Power Limited resulted in a gain of Rs. 1.15 Crores, marking a turnaround from a previous valuation loss. Additionally, the reinstatement of investments in Jindal India Powertech Limited at cost in FY23 yielded a significant gain of Rs. 153.5 Crores, underscoring the company’s strategic investment management approach. JPL’s financial decisions reflect a dynamic and adaptable investment strategy aimed at optimizing returns and sustaining growth across its portfolio.
Below are the trading platforms that you can use to purchase Jindal Photo shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 657.72 | 571.93 |
| June 2024 | 681.40 | 592.52 |
| July 2024 | 674.58 | 586.59 |
| August 2024 | 701.57 | 610.06 |
| September 2024 | 729.63 | 634.46 |
| October 2024 | 715.32 | 622.02 |
| November 2024 | 736.78 | 640.68 |
| December 2024 | 755.20 | 656.70 |
Jindal Photo Ltd’s share price target for 2024 shows a progressive trend, with projected maximum prices ranging from 657.72 to 755.20 and minimum prices from 571.93 to 656.70 across different months. As of May 2024, the current share price stands at ₹609, reflecting a potential for growth based on the projected targets.
The company’s market capitalization is ₹630 crore, with a notable high/low share price range of ₹823 to ₹319. Jindal Photo’s stock price-to-earnings ratio (P/E) is 2.84, indicating an undervalued position relative to earnings. Key financial metrics include a book value of ₹2,011, a dividend yield of 0.00%, return on capital employed (ROCE) of 8.70%, return on equity (ROE) of 8.76%, and a face value of ₹10. The projected share price targets for 2024 suggest potential growth opportunities for investors in Jindal Photo Ltd.
| When | Maximum Price | Minimum Price |
| January 2025 | 770.31 | 592.54 |
| February 2025 | 790.06 | 607.74 |
| March 2025 | 820.87 | 631.44 |
| April 2025 | 804.78 | 619.06 |
| May 2025 | 781.34 | 601.03 |
| June 2025 | 816.50 | 628.07 |
| July 2025 | 800.49 | 615.76 |
| August 2025 | 825.24 | 634.80 |
| September 2025 | 854.13 | 657.02 |
| October 2025 | 876.33 | 674.10 |
| November 2025 | 898.24 | 690.96 |
| December 2025 | 920.70 | 708.23 |
In 2025, Jindal Photo Ltd’s share price targets indicate potential growth throughout the year, with maximum prices ranging from 770.31 to 920.70 and minimum prices from 592.54 to 708.23 across different months. These projections suggest an upward trajectory in share value over the course of the year.
Notably, the company underwent a significant amalgamation approved by the NCLT – Kolkata bench on March 22, 2022. This scheme resulted in Concatenate Advest Advisory Pvt Limited (CAAPL) becoming the holding company, holding 71.70% of Jindal Photo’s equity shares. Additionally, preference shares issued to the transferor companies are now held by CAAPL under the same terms. This strategic move reflects evolving corporate restructuring within the Jindal Photo Ltd group.
| When | Maximum Price | Minimum Price |
| January 2026 | 948.32 | 729.48 |
| February 2026 | 972.63 | 748.18 |
| March 2026 | 1,010.57 | 777.36 |
| April 2026 | 990.75 | 762.12 |
| May 2026 | 961.90 | 739.92 |
| June 2026 | 1,005.18 | 773.22 |
| July 2026 | 985.47 | 758.05 |
| August 2026 | 1,015.95 | 781.50 |
| September 2026 | 1,051.51 | 808.85 |
| October 2026 | 1,078.85 | 829.88 |
| November 2026 | 1,105.82 | 850.63 |
| December 2026 | 1,133.46 | 871.90 |
In 2026, Jindal Photo Ltd’s share price targets portray a consistent upward trajectory, with projected maximum prices ranging from 948.32 to 1,133.46 and minimum prices from 729.48 to 871.90 across different months. These forecasts highlight substantial potential for share price appreciation over the year, indicating promising growth prospects for investors.
Additionally, the revenue breakdown for FY23 underscores the company’s revenue sources, with amortization of preference shares representing about 98% of revenue and net gains on fair value changes of managed funds contributing approximately 2%. This breakdown reflects the company’s strategic focus on optimizing revenue streams and enhancing shareholder value through effective financial management and investment strategies.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,156.13 | 889.33 |
| February 2027 | 1,185.78 | 912.14 |
| March 2027 | 1,232.02 | 947.71 |
| April 2027 | 1,207.87 | 929.13 |
| May 2027 | 1,172.69 | 902.07 |
| June 2027 | 1,225.46 | 942.66 |
| July 2027 | 1,201.43 | 924.17 |
| August 2027 | 1,238.58 | 952.76 |
| September 2027 | 1,281.94 | 986.10 |
| October 2027 | 1,315.27 | 1,011.74 |
| November 2027 | 1,348.15 | 1,037.04 |
| December 2027 | 1,381.85 | 1,062.96 |
In 2027, Jindal Photo Ltd’s share price targets demonstrate a strong upward trend, with projected maximum prices ranging from 1,156.13 to 1,381.85 and minimum prices from 889.33 to 1,062.96 across different months. These forecasts suggest significant potential for substantial share price growth throughout the year, reflecting positive market sentiment and anticipated company performance.
Notably, there was a change in key management personnel, with Mr. Vinay Jain resigning as Chief Financial Officer and Mr. Awadhesh Kumar Jha assuming the role on May 23rd, 2023. This change underscores the company’s commitment to effective leadership and strategic direction to support its growth trajectory and investor confidence.
| When | Maximum Price | Minimum Price |
| January 2028 | 1,409.49 | 1,084.22 |
| February 2028 | 1,445.63 | 1,112.02 |
| March 2028 | 1,502.01 | 1,155.39 |
| April 2028 | 1,472.56 | 1,132.74 |
| May 2028 | 1,429.67 | 1,099.74 |
| June 2028 | 1,494.00 | 1,149.23 |
| July 2028 | 1,464.71 | 1,126.70 |
| August 2028 | 1,510.01 | 1,161.54 |
| September 2028 | 1,562.86 | 1,202.20 |
| October 2028 | 1,603.49 | 1,233.46 |
| November 2028 | 1,643.58 | 1,264.29 |
| December 2028 | 1,684.67 | 1,295.90 |
- January 2028: ₹1,084.22 (Minimum)
- December 2028: ₹1,684.67 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 1,718.36 | 1,321.82 |
| February 2029 | 1,762.42 | 1,355.71 |
| March 2029 | 1,831.16 | 1,408.58 |
| April 2029 | 1,795.25 | 1,380.96 |
| May 2029 | 1,742.96 | 1,340.74 |
| June 2029 | 1,821.40 | 1,401.08 |
| July 2029 | 1,785.68 | 1,373.60 |
| August 2029 | 1,840.91 | 1,416.09 |
| September 2029 | 1,905.34 | 1,465.65 |
| October 2029 | 1,954.88 | 1,503.76 |
| November 2029 | 2,003.75 | 1,541.35 |
| December 2029 | 2,053.85 | 1,579.88 |
- January 2029: ₹1,321.82(Minimum)
- December 2029: ₹2,053.85 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 2,094.93 | 1,611.48 |
| February 2030 | 2,148.64 | 1,652.80 |
| March 2030 | 2,232.44 | 1,717.26 |
| April 2030 | 2,188.66 | 1,683.59 |
| May 2030 | 2,124.92 | 1,634.55 |
| June 2030 | 2,220.54 | 1,708.11 |
| July 2030 | 2,177.00 | 1,674.61 |
| August 2030 | 2,244.33 | 1,726.41 |
| September 2030 | 2,322.88 | 1,786.83 |
| October 2030 | 2,383.27 | 1,833.29 |
| November 2030 | 2,442.86 | 1,879.12 |
| December 2030 | 2,503.93 | 1,926.10 |
- January 2030: ₹1,611.48 (Minimum)
- December 2030: ₹2,503.93 (Maximum)
Financial Condition of Jindal Photo: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 1 | 0 | 0 | 8 | 9 |
| Expenses (Rs. Crores) | 1 | 1 | 0 | 0 | 0 |
| Operating Profit (Rs. Crores) | -0 | -0 | -0 | 7 | 9 |
| Other Income (Rs. Crores) | 2 | 0 | 0 | 164 | 215 |
| Interest (Rs. Crores) | 4 | 4 | 5 | 6 | 2 |
| Depreciation (Rs. Crores) | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax (Rs. Crores) | -2 | -5 | -5 | 166 | 221 |
| Net Profit (Rs. Crores) | -3 | -3 | -4 | 167 | 221 |
| EPS (Rs.) | -2.83 | -3.30 | -4.33 | 615.25 | 214.87 |
- Sales Growth: Jindal Photo’s sales experienced a notable turnaround, increasing from minimal levels in 2019 to Rs. 9 Crores in 2023.
- Profitability Improvement: The company’s operating profit transitioned from negative to Rs. 9 Crores in 2023, indicating enhanced operational efficiency.
- Other Income Boost: Significant gains in other income, particularly in 2022 and 2023, contributed to improved overall revenue performance.
- Profit Metrics: Profit before tax and net profit showed substantial improvements in 2022 and 2023, driven by enhanced operational performance and increased revenue streams.
- Earnings per Share (EPS): Notable surge in EPS in 2022 due to improved profitability and efficient utilization of resources.
FAQs
What is the current market capitalization of Jindal Photo Ltd?
Jindal Photo Ltd’s current market capitalization stands at ₹630 Crores.
In 2024, Jindal Photo’s share price is forecasted to range from ₹571.93 to ₹755.20, offering potential for growth throughout the year.
Jindal Photo’s share price targets for 2025 range from ₹592.54 to ₹920.70, highlighting promising growth prospects over the months.
By 2030, Jindal Photo’s share price is anticipated to reach between ₹1,611.48 and ₹2,503.93, demonstrating substantial potential for long-term investment gains.
What is the current Price-to-Earnings (P/E) ratio of Jindal Photo Ltd?
Jindal Photo Ltd’s current Price-to-Earnings (P/E) ratio is 2.84, indicating an attractive valuation relative to its earnings.
What is the dividend payout percentage for Jindal Photo Ltd?
Currently, Jindal Photo Ltd offers a dividend yield of 0.00%, aligning with its growth-oriented investment strategy.
What was Jindal Photo’s Return on Equity (ROE) in the last year?
In the last fiscal year, Jindal Photo achieved a Return on Equity (ROE) of 9%, reflecting efficient utilization of shareholder funds.
How has Jindal Photo’s sales growth evolved over the last three years?
Jindal Photo’s sales have surged by an impressive 293% over the last three years, showcasing robust revenue expansion.
What is the compounded profit growth rate for Jindal Photo over the last five years?
Over the past five years, Jindal Photo has achieved a compounded profit growth rate of 162%, driven by strategic financial management.
How has Jindal Photo’s operating profit progressed from 2019 to 2023?
Jindal Photo’s operating profit has advanced from negative values in earlier years to a robust ₹9 Crores in 2023, signifying operational excellence.
The book value of Jindal Photo Ltd’s shares is ₹2,011, representing a solid foundation for investor value.
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Conclusion: Positioning for Growth and Strategic Evolution
In conclusion, Jindal Photo Ltd, established in 1986, has evolved into a multifaceted organization focused on strategic investments in group enterprises and management consultancy services. With a commitment to fostering growth and prudent financial management, Jindal Photo has demonstrated resilience and adaptability in its investment strategies.
Jindal Photo’s investment portfolio includes holdings in affiliated entities like Jindal India Powertech Limited and Mandakini Coal Company Limited, showcasing its dedication to nurturing businesses within its ecosystem. Notably, the company has shown proactive support by waiving accrued interest on loans to affiliated companies facing financial challenges.
Financially, Jindal Photo has exhibited impressive performance, reflected in its market capitalization of ₹630 Crores, trading at a low P/E ratio of 2.84 and 0.30 times its book value. The company has delivered remarkable profit growth at a CAGR of 162% over the last 5 years, with a notable 27.9% ROE. However, the company’s decision not to pay dividends despite consistent profits and a low tax rate may raise investor queries.
The stock price projections for Jindal Photo in the coming years, ranging from ₹571.93 to ₹2,503.93 by 2030, highlight significant growth potential. Jindal Photo’s strategic focus on optimizing revenue streams, evidenced by substantial other income, underscores its commitment to sustainable growth.
In summary, Jindal Photo Ltd presents an intriguing investment opportunity with a strong financial footing, robust profit growth, and promising share price targets. Investors should closely monitor the company’s dividend policy and inquire about the source and sustainability of its other income.
What did we learn?
- 1 About Jindal Photo
- 2 How to Purchase Jindal Photo Shares in India?
- 3 Jindal Photo Share Price Prediction: 2024 – 2030
- 4 Financial Condition of Jindal Photo: Last 5 Years
- 5 FAQs
- 5.1 What is the current market capitalization of Jindal Photo Ltd?
- 5.2 What are the projected share price targets for Jindal Photo in 2024?
- 5.3 What are the expected share price targets for Jindal Photo in 2025?
- 5.4 What are the projected share price targets for Jindal Photo in 2030?
- 5.5 What is the current Price-to-Earnings (P/E) ratio of Jindal Photo Ltd?
- 5.6 What is the dividend payout percentage for Jindal Photo Ltd?
- 5.7 What was Jindal Photo’s Return on Equity (ROE) in the last year?
- 5.8 How has Jindal Photo’s sales growth evolved over the last three years?
- 5.9 What is the compounded profit growth rate for Jindal Photo over the last five years?
- 5.10 How has Jindal Photo’s operating profit progressed from 2019 to 2023?
- 5.11 What is the book value of Jindal Photo Ltd’s shares?
- 6 Conclusion: Positioning for Growth and Strategic Evolution
