Bajaj Consumer Care Ltd

About [ edit ]

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)

Key Points [ edit ]
  • Market Cap 4,085 Cr.
  • Current Price 277
  • High / Low 324 / 129
  • Stock P/E 18.3
  • Book Value 51.3
  • Dividend Yield 2.17 %
  • ROCE 37.9 %
  • ROE 31.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.29%
  • Company has been maintaining a healthy dividend payout of 58.42%

Cons

  • The company has delivered a poor sales growth of 2.88% over past five years.
  • Promoter holding has decreased over last 3 years: -28.83%

Peer comparison

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
224 215 233 247 241 220 213 179 198 227 248 249
156 155 162 171 172 159 160 156 141 164 186 187
Operating Profit 68 59 70 77 69 61 53 22 57 62 62 62
OPM % 30% 28% 30% 31% 28% 28% 25% 13% 29% 28% 25% 25%
Other Income 1 7 7 2 6 7 9 8 11 8 9 6
Interest 0 0 0 1 0 2 1 1 0 0 0 0
Depreciation 2 2 2 2 1 1 1 1 2 2 2 2
Profit before tax 67 64 76 76 73 64 59 28 66 69 70 66
Tax % 22% 22% 22% 22% 22% 13% 18% 18% 17% 18% 18% 17%
Net Profit 52 50 59 60 57 56 49 23 54 57 57 55
EPS in Rs 3.53 3.41 4.02 4.06 3.84 3.80 3.30 1.58 3.68 3.86 3.88 3.71

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
468 600 665 817 800 797 828 918 852 922
351 428 486 584 529 547 575 637 647 678
Operating Profit 117 172 179 233 270 250 254 281 205 243
OPM % 25% 29% 27% 29% 34% 31% 31% 31% 24% 26%
Other Income 37 40 19 -9 -15 35 24 10 30 35
Interest 0 0 6 0 0 1 1 1 4 1
Depreciation 3 4 4 5 5 5 7 7 6 6
Profit before tax 151 208 187 219 250 278 270 283 225 270
Tax % 21% 20% 20% 21% 22% 22% 22% 22% 18% 17%
Net Profit 120 166 149 173 196 218 211 222 185 223
EPS in Rs 8.14 11.27 10.10 11.71 13.32 14.80 14.31 15.02 12.52 15.12
Dividend Payout % 49% 58% 64% 98% 86% 78% 84% 93% 16% 66%
Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:4%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:-1%
3 Years:2%
TTM:22%
Stock Price CAGR
10 Years:10%
5 Years:-7%
3 Years:-15%
1 Year:108%
Return on Equity
10 Years:%
5 Years:39%
3 Years:36%
Last Year:32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15 15 15 15 15 15 15 15 15 15
Reserves 413 468 504 474 466 479 478 453 638 742
Borrowings -0 -0 -0 -0 10 15 13 25 20 5
66 73 60 79 75 80 102 113 141 132
Total Liabilities 494 555 579 568 566 590 608 605 815 894
82 121 236 185 139 162 158 154 151 149
CWIP -0 1 1 1 1 0 15 22 27 25
Investments 313 183 157 184 275 339 307 251 446 585
100 250 186 199 151 90 127 178 191 135
Total Assets 494 555 579 568 566 590 608 605 815 894

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
90 123 126 207 193 212 180 176 179 237
-42 -10 3 -19 6 -15 37 68 -173 -106
-101 -111 -112 -204 -194 -200 -216 -238 -9 -134
Net Cash Flow -54 2 17 -16 5 -3 1 6 -3 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 44% 43% 52% 60% 57% 53% 58% 39% 38%
Debtor Days 4 6 5 6 12 13 14 15 11 9
Inventory Turnover 5.28 4.68 5.07 6.68 5.83 6.09 5.67 4.44 6.21

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.86 66.86 66.86 60.02 60.02 60.00 38.04 38.04 38.04 38.04 38.04 38.04
24.96 23.46 23.47 24.17 24.52 23.92 30.45 28.09 25.81 24.06 24.80 22.55
4.53 5.72 5.55 8.85 9.04 8.81 20.47 21.52 18.40 17.79 17.03 17.74
3.65 3.95 4.11 6.96 6.42 7.27 11.04 12.35 17.75 20.11 20.13 21.67

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