J L Morison (India) Ltd

J L Morison(I) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

J L Morison (India) Ltd

₹ 2,021 0.76%
01 Jun 2023
jlmorison.in ; www.jlmorison.com BSE: 506522
About

J.L. Morison (India) Limited is an FMCG Company engaged in the business of manufacturing, marketing and distributing personal care products. [1]

Key Points

History
Established in 1934, the Co has been engaged in marketing brands in the personal and healthcare segments for over 75 years. In 1987 Raghu Mody of the Rasoi group took over the Co. In 2005, the Co-signed new agreements with Nivea and obtained the license to use trademarks, and copyrights for Nivea products in India. However, Nivea made an exit from JLM post a healthy run with a robust distribution set up by them and the company’s focus shifted to Morisons Baby Dreams to grow its portfolio of baby products. [1]

Website BSE
  • Market Cap ₹ 277 Cr.
  • Current Price ₹ 2,021
  • High / Low ₹ /
  • Stock P/E 26.0
  • Book Value ₹ 1,446
  • Dividend Yield 0.00 %
  • ROCE 6.94 %
  • ROE 5.39 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3.65% over last 3 years.
  • Earnings include an other income of Rs.6.65 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
23.87 17.63 27.10 27.99 27.42 25.09 29.72 29.59 31.84 33.40 36.74 35.74 38.88
24.34 18.39 25.67 26.25 25.45 23.78 28.45 27.31 30.03 31.70 34.57 33.54 36.96
Operating Profit -0.47 -0.76 1.43 1.74 1.97 1.31 1.27 2.28 1.81 1.70 2.17 2.20 1.92
OPM % -1.97% -4.31% 5.28% 6.22% 7.18% 5.22% 4.27% 7.71% 5.68% 5.09% 5.91% 6.16% 4.94%
0.91 0.60 0.70 0.79 0.99 0.21 1.02 0.51 0.48 0.48 0.52 0.45 5.20
Interest 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Depreciation 0.35 0.25 0.25 0.25 0.23 0.22 0.22 0.22 0.22 0.23 0.24 0.24 0.23
Profit before tax 0.07 -0.43 1.86 2.26 2.71 1.28 2.06 2.56 2.06 1.94 2.44 2.40 6.88
Tax % -157.14% 6.98% 16.67% 25.66% 16.97% 23.44% 18.93% 21.88% 27.67% 24.74% 24.59% 22.92% 20.49%
0.18 -0.46 1.55 1.68 2.25 0.97 1.66 2.00 1.49 1.45 1.84 1.85 5.49
EPS in Rs 1.32 -3.37 11.36 12.31 16.48 7.11 12.16 14.65 10.92 10.62 13.48 13.55 40.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
105 114 89 91 94 75 86 87 93 100 116 145
104 116 88 88 90 76 81 80 90 96 110 137
Operating Profit 2 -2 1 4 3 -1 5 7 3 4 7 8
OPM % 1% -1% 1% 4% 4% -1% 5% 8% 3% 4% 6% 6%
1 6 4 5 3 3 7 5 4 3 2 7
Interest 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 2 1 1 1 1 1 1 1 1
Profit before tax 0 2 3 6 5 1 11 11 5 6 8 14
Tax % 66% 29% 28% 24% 39% -185% 10% 31% 22% 22% 23% 22%
0 1 2 5 3 2 10 7 4 5 6 11
EPS in Rs 0.73 10.48 17.14 36.04 20.44 13.85 70.62 53.26 30.48 36.78 44.84 77.88
Dividend Payout % 137% 10% 6% 3% 5% 7% 1% 2% 3% 3% 2% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 11%
3 Years: 16%
TTM: 25%
Compounded Profit Growth
10 Years: 20%
5 Years: 12%
3 Years: 42%
TTM: 101%
Stock Price CAGR
10 Years: 8%
5 Years: 5%
3 Years: 2%
1 Year: %
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 70 71 73 78 81 181 177 156 145 167 196 196
22 9 2 1 2 1 2 1 0 0 0 0
28 27 13 11 12 11 16 17 23 27 41 41
Total Liabilities 121 108 90 91 96 195 197 175 171 196 239 239
20 29 28 28 19 27 27 27 25 25 24 24
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 22 22 26 32 33 127 145 107 101 144 188 187
79 57 36 32 44 40 25 42 44 28 27 27
Total Assets 121 108 90 91 96 195 197 175 171 196 239 239

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 -1 13 5 -7 5 19 -0 0 14 3 11
-8 7 -4 -6 6 -4 -10 -6 -2 8 -16 -12
11 -14 -7 -0 1 -1 1 -1 -1 -0 -0 0
Net Cash Flow 7 -8 2 -2 -0 1 10 -7 -3 21 -13 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 103 64 25 17 32 11 7 11 13 9 13 8
Inventory Days 87 84 109 98 115 174 82 148 151 99 122 70
Days Payable 97 66 40 26 33 44 78 92 131 166 143 92
Cash Conversion Cycle 92 81 94 89 113 141 11 67 33 -58 -8 -14
Working Capital Days 119 60 81 81 125 147 48 40 30 -3 -4 17
ROCE % 3% -2% 1% 6% 5% 0% 4% 6% 3% 3% 4% 7%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89% 74.89%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.10% 25.10% 25.10% 25.10% 25.10% 25.10% 25.10% 25.10% 25.10% 25.10% 25.09% 25.10%
No. of Shareholders 2,5832,5552,4832,4162,4142,4292,3832,3312,3442,2942,2632,237

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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