Colgate-Palmolive (India) Ltd

Colgate-Palmolive (India) is engaged in manufacturing/trading of toothpaste, tooth powder, toothbrush, mouth wash and personal care products.(Source : 201903 Annual Report Page No: 95)

Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 49.89%
Company has been maintaining a healthy dividend payout of 74.90%
Cons:
Stock is trading at 26.86 times its book value
The company has delivered a poor growth of 4.51% over past five years.
** Remarks:
Return on equity is exceptional

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
875 1,038 978 1,085 1,033 1,092 1,041 1,168 1,099 1,154 1,085 1,222
661 795 756 784 750 784 760 838 785 843 785 899
Operating Profit 214 243 222 301 283 308 282 330 314 310 300 323
OPM % 24% 23% 23% 28% 27% 28% 27% 28% 29% 27% 28% 26%
Other Income 11 9 12 9 9 -3 43 9 8 8 15 9
Interest 0 0 0 0 0 0 0 0 0 2 2 2
Depreciation 34 34 37 39 40 40 39 40 41 39 50 50
Profit before tax 191 218 197 270 252 264 285 298 282 277 263 279
Tax % 33% 35% 31% 34% 32% 28% 34% 34% 32% 29% 36% 12%
Net Profit 128 143 136 178 171 189 190 196 192 198 169 244
EPS in Rs 4.70 5.24 5.01 6.53 6.27 6.94 6.97 7.22 7.06 7.26 6.22 8.97
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
1,470 1,694 1,962 2,285 2,693 3,164 3,579 3,982 3,868 3,982 4,188 4,462 4,560
1,241 1,433 1,537 1,770 2,115 2,505 2,915 3,159 2,929 3,038 3,074 3,226 3,312
Operating Profit 229 262 425 515 579 659 664 823 940 944 1,114 1,236 1,248
OPM % 16% 15% 22% 23% 21% 21% 19% 21% 24% 24% 27% 28% 27%
Other Income 85 108 98 41 51 48 115 33 7 41 26 68 40
Interest 1 1 2 2 2 0 0 0 0 0 0 2 7
Depreciation 20 23 38 34 39 44 51 75 111 133 157 159 180
Profit before tax 292 345 485 520 588 663 728 780 835 851 983 1,143 1,100
Tax % 21% 16% 13% 23% 24% 25% 26% 28% 30% 32% 32% 32%
Net Profit 232 290 423 403 446 497 540 559 581 577 673 776 803
EPS in Rs 6.65 9.41 13.87 12.97 14.38 15.99 17.55 18.27 19.33 21.23 24.76 28.52 29.51
Dividend Payout % 76% 70% 64% 74% 76% 77% 68% 58% 47% 47% 97% 81%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.17%
5 Years:4.51%
3 Years:4.88%
TTM:5.20%
Compounded Profit Growth
10 Years:10.22%
5 Years:8.96%
3 Years:7.78%
TTM:10.17%
Stock Price CAGR
10 Years:16.70%
5 Years:10.20%
3 Years:19.44%
1 Year:37.58%
Return on Equity
10 Years:70.92%
5 Years:56.50%
3 Years:49.89%
Last Year:50.87%

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 Sep 2019
14 14 14 14 14 14 14 14 27 27 27 27 27
Reserves 149 203 313 370 422 476 586 757 1,004 1,247 1,497 1,420 1,571
Borrowings 5 5 5 0 0 0 0 0 0 0 0 83 0
550 569 571 668 711 835 918 963 1,008 1,037 1,039 1,097 1,096
Total Liabilities 716 790 901 1,052 1,147 1,325 1,518 1,733 2,039 2,311 2,564 2,626 2,694
191 174 247 255 254 281 556 782 1,008 1,108 1,146 1,191 1,219
CWIP 8 5 6 8 69 102 142 141 78 167 159 199 180
Investments 73 38 21 39 47 47 37 37 31 31 31 31 32
445 573 627 750 776 895 784 773 921 1,005 1,228 1,206 1,264
Total Assets 716 790 901 1,052 1,147 1,325 1,518 1,733 2,039 2,311 2,564 2,626 2,694

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
281 319 397 358 403 615 457 638 689 688 694 983
26 43 37 60 -10 -47 -180 -272 -237 -342 -207 -96
-275 -255 -337 -323 -398 -428 -422 -385 -391 -341 -380 -815
Net Cash Flow 33 107 96 95 -5 140 -145 -18 61 5 107 73

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 % 130% 176% 175% 146% 144% 144% 122% 114% 96% 74% 71% 73%
Debtor Days 2 2 2 12 12 9 6 6 10 12 18 17
Inventory Turnover 18.85 21.44 20.34 17.29 14.50 15.70 17.41 16.66 14.23 13.63 16.13 18.78