NSE Symbol: JPASSOCIAT | BSE Code: 532532
JP Associates Stock Trends 2017-18:
This year evidenced a 52 week high of the share price at Rs 27.30 and 52-week low of the share price at Rs. 6. The market capitalization of the company is Rs16.54 Billion.
JP Associates Stock Trends in 2016-2017:
In 2016 the opening share price in the month of January was Rs 12.05 and the closing share price was Rs 8.07 in the month of December.
In 2017, the share price began at Rs8.05 which was soared at around Rs 26 by the December end.
History of Jaiprakash Associates:
Jaiprakash Associates Ltd is a modified infrastructural industrial concoction in India. The company is prominent in Engineering and Construction of Hydropower projects in India. They are the integrated solution provider for Hydropower projects in the country with a track record of robust project implementation in different capacities. The company is in the operations of heavy civil engineering construction, expressways, cement, and real estate and hospitality.
The company is indulged in the integrated engineering construction business, operates at the client's location and uses electric energy for the implementation of various projects undertaken. They are also engaged in the manufacturing business and marketing of cement. The company also own five-star hotels at New Delhi, Mussoorie, Agra and at the golf course in Greater Noida for recreational and residential facilities as a part of the real estate business.
The Jaiprakash Associates Ltd is a part of the Jaypee Group and was incorporated in 1995 under the name, Bela Cement Ltd. The promotion of the company was done by Jaiprakash Gaur, a renowned leader in the field of multi-purpose river valley and hydropower projects construction.
In 2000, the Jaypee Rewa Cement Plant and Jaypee Bela Cement Plant were merged. On April 1, 2002, the cement division of Jaiprakash Industries Ltd was combined with the company, and the name was changed to Jaypee Cement Ltd.
In the year 2003, the Jaiprakash Industries Ltd was merged with the company, with effect from April 1, 2002, and with effect from March 11, 2004, the company name was shifted from Jaypee Cement Ltd to Jaiprakash Associates Ltd. Subsequently, the ancillaries of Jaiprakash Industries Ltd, namely Jaiprakash Hydro-Power Ltd, Jaiprakash Power Ventures Ltd, Jaypee Hotels Ltd, and Jaypee Karcham Hydro Corporation Ltd became the subsidiaries of the JaiPrakash Associates Ltd.
During the year 2003-04, the company had finished the civil and hydro-mechanical work contracts of 300 MW Baspa-II Hydroelectric Project in HP, Pressure Shafts and Underground Power House Complex construction contract of the prestigious 1,500 MegaWatt Nathpa Jhakri hydroelectric project in HP and stage II, EPC Contract for 300 MegaWatt for hydroelectric project in HP.
During the year 2004-05, the company has finished the concrete gravity dam work and 1,000 MegaWatt capacity surface powerhouse of Indira Sagar, Hydro-electric Project in MP.
During the year 2005-06, the company has finished the dam work construction and 1,000 MW powerhouse of Narmada Sagar Hydro-electric Project. The JP Associates has entered into a joint venture with Government of Madhya Pradesh and created Madhya Pradesh Jaypee Minerals Ltd, for the development of Amelia Coal Block in Sidhi (MP) at an investment of Rs 400 crore. In June 2006, with effect from April 1, 2005, the Jaypee Greens Ltd merged with the company.
During the year 2006-07, the company has completed the contracts such as, Tehri Hydroelectric Project (1,000 MW) in Uttarakhand, Sardar Sarovar Hydroelectric Project (1450 MW) in Gujarat, Tala Hydroelectric Project (1,020 MW) in Bhutan, Dulhasti Hydroelectric Project (390 MW) in Jammu & Kashmir and Vishnuprayag Hydroelectric Project (400 MW) in Uttarakhand. Thus, the projects were completed with power generation capacity of 4,260 MW.
On October 5, 2006, the Jaypee Powergrid Ltd was incorporated as an ancillary of Jaiprakash Hydro-Power Ltd for the energy transmission from 1000 MW Karcham Wangtoo Hydro Electric Project at Kinnaur in HP from the Wangtoo to the interconnecting point with the northern grid at Yamunanagar, Abdullapur, and Haryana.
In April 5, 2007, the Jaypee Infratech Ltd was incorporated as a wholly owned subsidiary for the Taj Expressway Project implementation comprising of 165 KM 6/B lane access controlled expressway connecting Agra and Noida and related activities such as development of land and in April 11, 2007, the company incorporated Bhilai Jaypee Cement Ltd in Chhattisgarh as a joint venture with SAIL.
On May 25, 2007, the company incorporated Himalayan Expressway Ltd as a wholly-owned subsidiary for the 27.14 km Zirakpur- Parwanoo Road Project implementation in the Punjab, Haryana and Himachal Pradesh State on BOT basis.
During the year 2007-08, the company finished the contracts, such as Teesta- V Hydro-electric Project (510 Mega Watt) in Sikkim, Omkareshwar Hydro-electric Project (520 Mega Watt) in MP and civil works construction of Zone-III Section of Katra-Baramulla Railway Line in Jammu & Kashmir. Also, the company handed over the 390 MegaWatt Dulhasti Hydro Electric Project in Jammu & Kashmir to NHPC. The company has incorporated the wind turbine generators with an aggregate capacity of 49 Mega Watt (40.25 Mega Watt in Maharashtra and 8.75 Mega Watt in Gujarat).
During the same year, the company has signed an agreement with Gujarat Mineral Development Corporation Ltd for setting a 2.4 MTPA cement plant in Gujarat through Gujarat Jaypee Cement & Infrastructure Ltd. Also, the company acquired 74% equity shares in JPSK Sports Pvt Ltd, along with the affiliates.
In March 2008, the company incorporated the phase I of Chunar, Dalla Cement Plants in Uttar Pradesh and Grinding Unit at Panipat in Haryana. On April 23, 2008, the company established a subsidiary namely Jaypee Arunachal Power Ltd to set up a power project in association with the Government of Arunachal Pradesh.
During the year 2008-09, with effect from April 1, 2008, the Jaiprakash Enterprises Ltd, Jaypee Hotels Ltd, Jaypee Cement Ltd, and Gujarat Anjan Cement Ltd were merged with the company. The company has acquired Bina Power Supply Company Ltd, which was established to set up 1250 MW (two phases of 625 MW each) coal-fired thermal power plant at Bina in MP. The company through their ancillary, JPSK Sports Pvt Ltd posted the very first F1 Race in India in 2011.
During the same year, the company finished the 450 MW Baglihar-I Hydroelectric Project work in the state of Jammu and Kashmir. The cement plant of the company was commissioned at Dalla and Sidhi, and the grinding facilities were authorized at Sevagram.
In August 2008, the company signed four MoUs with MP government to invest Rs 13,000 crore for incorporating two cement manufacturing units, an aluminum production factory and a power plant for power generation. The generation of power would commence from 2011-2012.
Also, the company entered into a MoU with Chhattisgarh Government for setting up a clinker plant of 1.5 MTPA, cement plant of 2 MTPA, & a captive power plant of 25 MegaWatt in Chhattisgarh. The company also entered into another MoU for setting up an integrated aluminum complex and a captive thermal power plant in Rewa.
In February 2009, the company received the LOI from the Sangam Power Generation Company Limited for setting up a 2 x 66O MW Super Critical Technology - Karchhana Thermal Power Project at Allahabad, with approved coal linkage. On 14th May 2009, MP Jaypee Coal Ltd was established with Madhya Pradesh State Mining Corporation Ltd for the mining and sale of coal from Dongri Tal-II Coal Block at Singrauli in MP.
During the year 2009-10, the company has commissioned three new cement plants with an aggregate capacity of 4.4 MTPA and their manufacturing clinker unit in HP. The three new types of cement plants were; Bagheri (2 MTPA), Himachal Pradesh, Wanakbori (1.2 MTPA), Gujarat and Roorkee (1.2 MTPA) Uttarakhand. Also, the company in association with SAIL commenced the cement plant of 2.2 MTPA capacity ahead of schedule (Units in MP & Chattisgarh).
On May 14, 2009, MP Jaypee Coal Ltd (MPJCL) was commissioned as an association with MP State Mining Corporation Ltd (MPSMCL) for the mining and sale of Coal from Dongri Tal-II Coal Block at Singrauli in MP. On January 4, 2010, MP Jaypee Coal Fields Ltd (MPJCFL) was incorporated on as an association with MP State Mining Corporation Ltd (MPSMCL) for the mining and coal sale from Mandla (South) Coal Block in District Chhindwara (MP).
During the year 2010-2011, the company has completed the civil and structural works at Satna and grinding unit at Bhilai Jaypee Cement Ltd, Bhilai Civil and Hydro-mechanical works of 450 MW Baglihar (Stage-I) Hydroelectric Project in J&K and the construction of Drains in Parikrama Marg area for the project water drainage for Vrindavan Town, Distt. Mathura. Also, the company applied the prequalification for Head Race Tunnel and Power House Complex, 3000 Megawatt Dibang multipurpose project in Arunachal Pradesh and Food Parks development at Bhopal/ Ratlam/ Harda in MP and is expected to be qualified for projects.
On February 19, 2011, the company had acquired Jaypee Cement Corporation Ltd. Punatsangchhu-II Hydroelectric Project Authority awarded the company two contracts, Bhutan in 2011 for the construction of the 990 MegaWatt Punatsangchhu II Hydroelectric Project.
The company is expanding its production capacity of cement to 30.75 MTPA. The Jaiprakash Associates increase an additional volume of 4.3 MTPA cement production through association with SAIL increasing the total size to 35.05 MTPA by 2012 which shall further strengthen the position of Jaypee group making it the third largest cement producing group in India.
The company decided to demerge the Cement Plants in Gujarat & Andhra Pradesh and their other units viz. Asbestos Sheet Plants, Heavy Engineering Workshop & Hi-Tech Casting Centre / Foundry into their wholly owned subsidiary, namely, Jaypee Cement Corporation Ltd.
Mr. Manoj Gaur is the chairman and CEO of Jaiprakash Associates.
Is Investing in JP Associates Shares a Good Idea?
Shares of the debt-ridden Jaiprakash Associates in BSE -8.78 % more than doubled investor wealth in last one year. The scrip had surged 190 percent to Rs 22.70 as of June 29 from Rs 7.83 on the same day of the last year.
The soar in share price indicates that an investment of Rs 1,00,000 a year back would have now become approximately Rs.2,90,000.
However, the market experts say there was much speculative trading on the counter.
Jaiprakash Associates (JAL) is once again hogging in the limelight after UltraTech Cement BSE 0.42 % completed the acquisition of six integrated cement plants of Rs16,189 and five grinding units, having a capacity of 21.2 million tonnes.
Market experts say the most significant asset resolution may give some relief to the banks and Jaypee Group stocks. The deal will assist the Jaypee Group to decrease the debt, which runs into thousands of crores.
While the deal is expected to create some new buoyancy on the counter, some analysts remain cautious.
Among the other JP group stocks, JP Power Ventures have increased by 14.50 percent in last year, while the BSE Sensex gained 15 percent benchmark.
For the quarter that ended on March 31, 2017, the Jaiprakash Associates reported a net loss of Rs 1,882.40 against a net loss of Rs 1,387.30 crore reported for the corresponding quarter of last year. Net sales of the company slipped 9 percent for the quarter on a year-on-year basis to Rs 1,720.45 crore.
Given that the company still have 40,000 crores of assets and it posted their Q1 profit in June after so long, and RAKESH JHUNJHUNWALA invested in it so it might give you returns, but please consider that it is a high-risk stock.
So if you want to play with it you can, but it will be worth the wait to watch for the results of their next quarter.