Bajaj Consumer Care Ltd

Bajaj Consumer Care is engaged in the business of cosmetics, toiletries and other personal care products. The Company has presence in both domestic and international markets.(Source : 201903 Annual Report Page No: 98)

Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 5.52%.
Company has a good return on equity (ROE) track record: 3 Years ROE 44.90%
Company has been maintaining a healthy dividend payout of 83.31%
Cons:
Stock is trading at 7.71 times its book value
Promoter's stake has decreased
The company has delivered a poor growth of 6.46% over past five years.
Promoters have pledged 60.72% of their holding

Peer Comparison Sector: FMCG // Industry: Personal Care - Indian

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
197 187 205 197 204 208 222 221 213 230 246 240
130 126 138 137 146 140 150 152 152 159 168 170
Operating Profit 67 61 66 61 58 68 72 69 61 71 78 70
OPM % 34% 33% 32% 31% 29% 33% 32% 31% 28% 31% 32% 29%
Other Income 8 14 2 11 8 4 1 1 7 7 2 6
Interest 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 1 1 1 2 2 2 2 2 2 2 2 1
Profit before tax 74 73 67 70 64 70 70 69 66 77 77 75
Tax % 21% 21% 21% 21% 21% 21% 21% 22% 22% 22% 22% 22%
Net Profit 58 58 53 55 51 55 55 54 52 60 61 59
EPS in Rs 3.95 3.92 3.57 3.73 3.44 3.74 3.76 3.65 3.50 4.07 4.11 3.98
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
0 215 290 354 468 600 665 813 796 792 830 909 928
0 163 192 250 351 427 485 580 525 540 571 625 648
Operating Profit -0 52 97 104 117 173 180 233 271 252 259 285 280
OPM % 24% 34% 29% 25% 29% 27% 29% 34% 32% 31% 31% 30%
Other Income 0 2 5 3 37 40 19 -9 -15 35 24 11 22
Interest 0 0 0 0 0 0 6 0 0 1 1 1 1
Depreciation 0 0 1 2 3 3 4 4 4 5 7 7 6
Profit before tax -0 53 102 105 151 210 189 219 252 281 275 288 294
Tax % -100% 11% 17% 20% 21% 20% 20% 21% 21% 21% 21% 22%
Net Profit -0 47 84 84 120 167 150 173 198 221 216 226 231
EPS in Rs 5.39 7.49 10.29 9.09 9.45 11.08 14.98 14.66 15.33 15.66
Dividend Payout % -0% 1% 130% 33% 49% 57% 64% 98% 86% 77% 82% 91%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.52%
5 Years:6.46%
3 Years:4.54%
TTM:8.54%
Compounded Profit Growth
10 Years:17.33%
5 Years:6.65%
3 Years:-0.19%
TTM:7.43%
Return on Equity
10 Years:42.39%
5 Years:44.53%
3 Years:44.90%
Last Year:46.65%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
5 5 12 15 15 15 15 15 15 15 15 15
Reserves -0 47 15 362 413 469 507 477 471 487 491 470
Borrowings 0 0 0 0 0 0 0 0 10 15 13 25
0 23 27 82 66 72 60 78 71 76 98 111
Total Liabilities 5 75 55 459 494 556 582 570 567 592 617 622
3 5 18 22 39 45 160 110 65 54 51 48
CWIP 1 2 0 0 0 1 1 1 1 0 6 8
Investments 0 0 2 330 340 235 211 238 369 455 432 389
2 68 35 107 115 275 210 222 132 84 128 177
Total Assets 5 75 55 459 494 556 582 570 567 592 617 622

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-0 51 86 101 90 123 128 207 192 213 182 183
-4 -2 -10 -317 -43 -10 2 -20 2 -12 36 61
5 -0 -110 280 -101 -111 -112 -204 -194 -200 -216 -238
Net Cash Flow 1 50 -34 65 -54 1 17 -16 -1 1 2 6

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % -1% 186% 255% 59% 37% 45% 43% 51% 60% 57% 53% 57%
Debtor Days 1 4 6 4 6 5 5 11 12 17 17
Inventory Turnover 55.54 32.84 29.08 21.84 18.67 17.66 20.65 17.79 17.10 19.47 17.82