Jayant Agro Organics Ltd

Jayant Agro Organics Ltd

₹ 250 2.17%
24 Apr 11:13 a.m.
About

The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.[1]
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.[2]

Key Points

Products & Applications
The Company is engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.[1] Some of their products include Castor Oil, 12 Hydroxy Stearic Acid, Blown Castor Oil, Dehydrated Castor Oil, Hydrogenated Castor Oil, etc.[2]
These find application in cosmetics, agriculture, lubricants, paints, inks, surface coatings, pharmaceuticals, food, engineering plastics, cosmetics, perfumeries, electricals, rubber, etc.[3]
Company manufactured 80+ products in FY23 with 5 new launches.[4]

  • Market Cap 750 Cr.
  • Current Price 250
  • High / Low 292 / 163
  • Stock P/E 15.1
  • Book Value 173
  • Dividend Yield 2.00 %
  • ROCE 13.2 %
  • ROE 10.1 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 25.0 to 19.4 days.
  • Company's working capital requirements have reduced from 57.8 days to 45.5 days

Cons

  • The company has delivered a poor sales growth of 1.69% over past five years.
  • Contingent liabilities of Rs.440 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
507.03 484.20 642.44 641.00 712.66 593.25 944.86 695.05 525.05 606.66 555.07 540.05 428.88
483.44 444.93 604.59 602.93 675.37 554.50 908.95 671.52 511.70 582.27 534.19 512.75 410.78
Operating Profit 23.59 39.27 37.85 38.07 37.29 38.75 35.91 23.53 13.35 24.39 20.88 27.30 18.10
OPM % 4.65% 8.11% 5.89% 5.94% 5.23% 6.53% 3.80% 3.39% 2.54% 4.02% 3.76% 5.06% 4.22%
0.11 0.46 0.20 0.25 0.15 0.78 0.10 0.82 0.27 0.54 0.45 -0.06 0.22
Interest 3.77 3.45 5.24 4.73 3.24 2.51 4.91 3.48 3.20 1.76 2.13 2.15 2.26
Depreciation 3.35 3.47 3.32 3.33 3.31 3.69 3.89 3.85 4.00 3.64 3.54 3.60 3.54
Profit before tax 16.58 32.81 29.49 30.26 30.89 33.33 27.21 17.02 6.42 19.53 15.66 21.49 12.52
Tax % 26.24% 26.24% 25.70% 26.14% 26.38% 24.72% 24.22% 29.14% 31.15% 27.09% 26.69% 24.20% 24.52%
12.34 24.30 22.09 22.19 22.83 25.27 20.74 12.23 4.55 14.35 11.61 16.42 9.60
EPS in Rs 3.73 7.70 7.01 7.09 7.32 8.11 6.51 3.82 1.52 4.59 3.56 5.25 3.17
Raw PDF

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 Mar 2022 Mar 2023 TTM
1,832 1,621 1,538 1,581 1,375 1,662 2,549 2,438 2,508 1,639 2,589 2,772 2,131
1,744 1,527 1,461 1,523 1,302 1,537 2,405 2,299 2,520 1,542 2,437 2,674 2,040
Operating Profit 88 94 77 58 73 124 145 139 -12 97 152 97 91
OPM % 5% 6% 5% 4% 5% 7% 6% 6% -0% 6% 6% 4% 4%
6 5 23 7 4 4 6 8 5 2 2 2 1
Interest 38 36 35 42 28 32 54 45 40 14 16 13 8
Depreciation 8 13 14 12 12 11 11 11 14 13 14 15 14
Profit before tax 48 50 52 11 38 86 86 91 -61 71 124 71 69
Tax % 35% 28% 22% 2% 34% 33% 34% 36% 43% 26% 26% 27%
31 36 41 11 25 58 57 58 -34 53 92 52 52
EPS in Rs 10.45 12.08 13.53 3.51 8.09 18.31 17.82 18.60 -10.72 16.00 29.53 16.45 16.57
Dividend Payout % 10% 9% 11% 14% 23% 24% 11% 11% 0% 6% 10% 30%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: 3%
TTM: -23%
Compounded Profit Growth
10 Years: 3%
5 Years: -2%
3 Years: 52%
TTM: -17%
Stock Price CAGR
10 Years: 16%
5 Years: 3%
3 Years: 20%
1 Year: 47%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 15%
Last Year: 10%

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 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 8 8 8 15 15 15 15 15 15 15
Reserves 139 166 213 213 238 274 307 362 310 366 451 492 503
258 307 381 258 273 414 556 445 182 166 149 87 115
135 100 156 103 136 115 157 198 113 131 170 167 158
Total Liabilities 539 581 757 581 654 811 1,036 1,020 621 678 785 761 790
201 221 221 231 228 221 219 221 225 217 228 233 229
CWIP 12 16 15 6 7 3 4 2 18 19 12 36 58
Investments 1 0 0 0 0 11 11 12 10 11 11 12 12
325 344 520 343 419 577 802 784 367 431 534 481 492
Total Assets 539 581 757 581 654 811 1,036 1,020 621 678 785 761 790

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 Mar 2022 Mar 2023
70 30 -23 176 12 -104 -79 170 344 40 65 123
-32 -32 5 -9 -7 -6 -5 -6 -28 -6 -17 -41
-35 -5 30 -166 -6 92 85 -163 -313 -36 -35 -88
Net Cash Flow 4 -6 12 1 -1 -18 1 1 3 -1 12 -7

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 Mar 2022 Mar 2023
Debtor Days 23 27 36 24 35 36 35 33 23 35 20 19
Inventory Days 26 33 63 31 56 88 77 84 25 62 56 41
Days Payable 19 9 18 13 19 11 12 20 7 18 16 14
Cash Conversion Cycle 30 51 81 42 72 113 100 97 41 79 60 47
Working Capital Days 34 52 84 53 77 111 99 95 38 73 55 46
ROCE % 22% 19% 16% 10% 13% 19% 17% 16% -3% 16% 23% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.40% 66.41% 66.44% 66.44% 66.44% 66.44% 67.13% 67.13% 67.13% 67.13% 67.13% 67.13%
0.01% 0.01% 0.07% 0.06% 0.09% 0.14% 0.08% 0.04% 0.09% 0.05% 0.16% 0.06%
0.07% 0.06% 0.07% 0.07% 0.06% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
33.52% 33.52% 33.42% 33.43% 33.40% 33.38% 32.76% 32.81% 32.76% 32.81% 32.69% 32.80%
No. of Shareholders 12,68314,21613,69713,77914,55214,54114,66014,35413,50613,60813,93913,959

* 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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