---
title: "JMC Projects (India) Ltd (JMCPROJECT) — Share Price, Financials & Analysis"
symbol: "JMCPROJECT"
company: "JMC Projects (India) Ltd"
canonical: "https://tapetide.com/stocks/JMCPROJECT"
nse_symbol: "JMCPROJECT"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T19:21:54.869Z"
---

# JMC Projects (India) Ltd (JMCPROJECT)

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

## Company

- **NSE Symbol:** JMCPROJECT
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** jmcprojects.com

## About

Established in 1986, JMC Projects (India) Ltd is a construction company under Kalpataru Group primarily engaged in EPC and BOOT projects. The Co. has constructed landmark highways, flyovers, townships, hospitals, industrial units, power plants, etc. across the country. [1][2]

## Latest Price

- **Price:** ₹118.85
- **Change:** 0 (0%)
- **Open:** ₹123
- **Day High:** ₹124.3
- **Day Low:** ₹118
- **Previous Close:** ₹118.85
- **Volume:** 0
- **As Of:** 2023-01-10T04:46:55+00:00

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 345%

### Weaknesses

- Stock is trading at 3.61 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.70% over last 3 years.
- Contingent liabilities of Rs.1,436 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 180% | 14% | 36% |
| revenue growth | 29% | 17% | 17% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 966 | 976 | 498 | 843 | 1111 | 1392 | 1161 | 1362 | 1391 | 1605 | 1672 | 1841 |
| Expenses | 840 | 928 | 462 | 752 | 991 | 1232 | 1064 | 1301 | 1284 | 1443 | 1514 | 1659 |
| Operating Profit | 126 | 49 | 36 | 91 | 120 | 161 | 97 | 61 | 107 | 162 | 157 | 182 |
| OPM % | 13 | 5 | 7 | 11 | 11 | 12 | 8 | 4.5 | 8 | 10 | 9 | 10 |
| Other Income | 5 | 9 | 5 | 6 | 6 | 11 | 5 | -9 | -28 | 23 | 7 | 7 |
| Interest | 65 | 66 | 62 | 64 | 63 | 62 | 60 | 61 | 64 | 65 | 62 | 70 |
| Depreciation | 41 | 44 | 41 | 44 | 47 | 48 | 49 | 51 | 54 | 53 | 53 | 55 |
| Profit before tax | 26 | -52 | -62 | -12 | 15 | 62 | -7 | -60 | -39 | 67 | 49 | 63 |
| Tax % | 20 | 5 | -16 | 54 | 82 | 33 | 48 | -98 | -26 | 13 | 36 | 27 |
| Net Profit | 21 | -55 | -52 | -18 | 3 | 41 | -10 | -1 | -29 | 58 | 31 | 47 |
| EPS in Rs | 1.25 | -3.26 | -3.11 | -1.08 | 0.16 | 2.47 | -0.6 | -0.09 | -1.71 | 3.48 | 1.87 | 2.77 |

### Profit & Loss

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2664 | 2470 | 2544 | 2472 | 2888 | 3407 | 3866 | 3844 | 5519 | 6508 |
| Expenses | 2528 | 2260 | 2279 | 2160 | 2519 | 2958 | 3423 | 3407 | 5037 | 5901 |
| Operating Profit | 136 | 210 | 265 | 312 | 369 | 449 | 444 | 438 | 482 | 607 |
| OPM % | 5 | 8 | 10 | 13 | 13 | 13 | 11 | 11 | 9 | 9 |
| Other Income | 9 | 13 | 8 | -21 | 17 | 24 | 27 | 25 | -14 | 9 |
| Interest | 87 | 168 | 241 | 236 | 236 | 247 | 282 | 279 | 300 | 261 |
| Depreciation | 61 | 65 | 89 | 87 | 100 | 110 | 155 | 181 | 207 | 215 |
| Profit before tax | -3 | -11 | -56 | -32 | 50 | 115 | 33 | 3 | -39 | 141 |
| Tax % | 225 | 131 | 18 | 34 | 47 | 34 | 96 | 864 | -147 | — |
| Net Profit | -11 | -24 | -66 | -43 | 27 | 77 | 1 | -26 | 18 | 108 |
| EPS in Rs | -0.63 | -1.45 | -3.95 | -2.56 | 1.6 | 4.56 | 0.07 | -1.56 | 1.08 | 6.41 |
| Dividend Payout % | -25 | -11 | -5 | -12 | 38 | 15 | 988 | -45 | 92 | — |

### Balance Sheet

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 26 | 26 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Reserves | 425 | 391 | 497 | 448 | 468 | 536 | 505 | 456 | 493 | 519 |
| Borrowings | 1507 | 2005 | 1705 | 1597 | 1689 | 1668 | 1746 | 1699 | 1796 | 1872 |
| Other Liabilities | 940 | 1120 | 1683 | 1914 | 2334 | 2769 | 2950 | 3332 | 3821 | 4349 |
| Total Liabilities | 2898 | 3542 | 3918 | 3992 | 4524 | 5007 | 5235 | 5521 | 6144 | 6773 |
| Fixed Assets | 679 | 2023 | 2072 | 2058 | 2078 | 2122 | 2186 | 2154 | 2168 | 2286 |
| CWIP | 1047 | 32 | 0 | 10 | 4 | 7 | 15 | 19 | 21 | 27 |
| Investments | 9 | 11 | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1164 | 1477 | 1822 | 1924 | 2442 | 2877 | 3034 | 3348 | 3955 | 4460 |
| Total Assets | 2898 | 3542 | 3918 | 3992 | 4524 | 5007 | 5235 | 5521 | 6144 | 6773 |

### Cash Flow

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 293 | 92 | 73 | 337 | 451 | 392 | 336 | 479 | 640 | 468 |
| Cash from Investing Activity | -652 | -661 | -380 | -322 | -120 | -164 | -189 | -299 | -217 | -342 |
| Cash from Financing Activity | 376 | 561 | 302 | -42 | -341 | -99 | -220 | -206 | -303 | -176 |
| Net Cash Flow | 16 | -9 | -5 | -27 | -10 | 129 | -74 | -26 | 120 | -50 |
| Free Cash Flow | -375 | -569 | -314 | 244 | 411 | 302 | 178 | 294 | 530 | 291 |
| CFO/OP | 266 | 88 | 48 | 138 | 136 | 112 | 77 | 108 | 146 | 97 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 17 | 35 | 60 | 94 | 98 | 92 | 99 | 86 | 90 | 67 |
| Inventory Days | 93 | 102 | 110 | 67 | 78 | 63 | 64 | 50 | 52 | 41 |
| Days Payable | 212 | 241 | 265 | 290 | 323 | 269 | 311 | 252 | 294 | 204 |
| Cash Conversion Cycle | -102 | -104 | -95 | -129 | -148 | -115 | -148 | -116 | -153 | -96 |
| Working Capital Days | -9 | 14 | 27 | 31 | 45 | 46 | 57 | 34 | 14 | -4 |
| ROCE % | 6 | 5 | 7 | 8 | 9 | 13 | 16 | 14 | 13 | 14 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Dec 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.19% | 67.19% | 67.19% | 67.36% | 67.75% | 67.75% | 67.75% |
| FIIs | 0.58% | 0.87% | 1.08% | 0.5% | 0.24% | 1% | 0.86% |
| DIIs | 9.02% | 14.1% | 16.24% | 18.49% | 16.47% | 19.37% | 19.84% |
| Government | 0% | 0.06% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.21% | 17.79% | 15.49% | 13.65% | 15.54% | 11.88% | 11.55% |
| No. of Shareholders | 11026 | 10448 | 9918 | 12396 | 19739 | 22635 | 22769 |

### Quarterly

| Category | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.36% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% | 67.75% |
| FIIs | 0.5% | 0.29% | 0.25% | 0.25% | 0.24% | 0.53% | 0.93% | 1.05% | 1% | 0.98% | 1.04% | 0.86% |
| DIIs | 18.49% | 17.04% | 17.06% | 16.61% | 16.47% | 16.38% | 16.77% | 17.3% | 19.37% | 19.42% | 19.12% | 19.84% |
| Public | 13.65% | 14.92% | 14.94% | 15.38% | 15.54% | 15.34% | 14.55% | 13.9% | 11.88% | 11.84% | 12.09% | 11.55% |
| No. of Shareholders | 12396 | 16435 | 18919 | 20128 | 19739 | 18962 | 20569 | 24460 | 22635 | 23304 | 23437 | 22769 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 43.31 | Sell |
| EMA (10) | 42.05 | Sell |
| SMA (20) | 47.08 | Sell |
| EMA (20) | 45.25 | Sell |
| SMA (50) | 49.36 | Sell |
| EMA (50) | 49.52 | Sell |
| SMA (100) | 54.53 | Sell |
| EMA (100) | 55.69 | Sell |
| SMA (200) | 71.52 | Sell |
| EMA (200) | 62.53 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 24.91 | Buy |
| MACD (12,26,9) | -3.45 | Sell |
| Stochastic (14,3,3) | 0.09 | Buy |
| ADX (14) | 41.06 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 2.08 | High Volatility |
| ROC (12) | -28.83 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 15.16 | Buy |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2953b1d-a920-4393-901b-57c0f677983a.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b2953b1d-a920-4393-901b-57c0f677983a.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f36d588-2a70-4470-9ddb-011b9e8bc4c2.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f36d588-2a70-4470-9ddb-011b9e8bc4c2.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6cceb72-6144-4c61-8fcd-69868ec75105.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6cceb72-6144-4c61-8fcd-69868ec75105.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa6717df-ae89-4236-9f4a-a41d97883351.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/aa6717df-ae89-4236-9f4a-a41d97883351.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6486431-25f8-4e6f-b6a9-caae9e57a999.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/c6486431-25f8-4e6f-b6a9-caae9e57a999.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_JMCPROJECT_2009_2010_25082010120000.zip) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport//73580522263.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport//68583522263.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5222630314.pdf) |

---

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 2026-09-13T19:21:54.869Z.