Jyothy Labs Ltd

Jyothy Labs Ltd

₹ 410 -1.05%
19 Apr - close price
About

Jyothy Labs Limited was founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala. JLL is renowned brand in the domestic FMCG industry.It has a diversified product portfolio spanning four major categories of fabric care, dishwashing, household insecticides (HI) and personal care and an established market position in the post-wash (under Ujala brand) and the dishwashing segments (under Pril and Exo brands). [1]

Key Points

Fabric Care Segment (42% of revenues)[1]
Co dominates the fabric care segment with its flagship brand Ujala which is no.1 in its category with a 84% market share. In fabric whiteners, it also operates its brands Henko and Mr. White in this segment. [2]

  • Market Cap 15,061 Cr.
  • Current Price 410
  • High / Low 554 / 190
  • Stock P/E 43.0
  • Book Value 26.5
  • Dividend Yield 0.73 %
  • ROCE 31.3 %
  • ROE 27.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 63.1%
  • Company's working capital requirements have reduced from 19.4 days to 14.2 days

Cons

  • Stock is trading at 15.5 times its book value
  • The company has delivered a poor sales growth of 8.82% over past five years.

* 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: FMCG Industry: Personal Care - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
469 487 522 578 529 546 597 658 612 616 686 732 677
390 417 457 511 468 489 537 578 527 525 569 596 558
Operating Profit 80 70 65 67 61 57 60 80 84 91 118 135 119
OPM % 17% 14% 12% 12% 11% 10% 10% 12% 14% 15% 17% 18% 18%
6 -18 5 5 4 6 13 12 15 6 17 13 11
Interest 2 2 2 2 2 3 3 3 3 3 1 1 1
Depreciation 20 20 21 21 21 22 13 13 12 12 12 12 13
Profit before tax 64 30 48 50 42 38 57 76 84 82 121 135 115
Tax % 19% 10% 16% 16% 16% 13% 16% 14% 20% 28% 21% 23% 21%
52 27 40 42 35 33 48 65 67 59 96 104 91
EPS in Rs 1.42 0.73 1.09 1.15 0.96 0.91 1.30 1.78 1.84 1.61 2.62 2.84 2.48
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 TTM
663 1,019 1,260 1,438 1,542 1,632 1,626 1,769 1,665 1,885 2,193 2,482 2,711
580 895 1,097 1,271 1,313 1,371 1,362 1,483 1,415 1,568 1,945 2,166 2,249
Operating Profit 83 124 164 166 229 261 264 286 250 317 248 316 462
OPM % 13% 12% 13% 12% 15% 16% 16% 16% 15% 17% 11% 13% 17%
57 47 57 63 15 11 43 27 16 -4 18 47 47
Interest 19 66 53 12 56 51 42 28 25 12 12 13 7
Depreciation 17 62 62 70 54 55 57 58 76 78 89 50 49
Profit before tax 103 44 106 147 133 166 208 228 166 223 166 299 453
Tax % 19% 0% 0% 3% 44% -22% 23% 15% 5% 15% 16% 20%
84 44 106 143 75 202 161 193 158 190 139 240 351
EPS in Rs 2.59 1.37 2.93 3.94 2.06 5.56 4.42 5.26 4.29 5.18 3.78 6.52 9.55
Dividend Payout % 24% 92% 51% 51% 122% 54% 6% 57% 70% 77% 66% 46%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 14%
TTM: 12%
Compounded Profit Growth
10 Years: 17%
5 Years: 9%
3 Years: 11%
TTM: 69%
Stock Price CAGR
10 Years: 15%
5 Years: 18%
3 Years: 42%
1 Year: 113%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 23%
Last Year: 27%

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 Sep 2023
Equity Capital 8 16 18 18 18 18 18 37 37 37 37 37 37
Reserves 665 708 862 944 454 635 665 817 707 897 696 845 935
554 610 519 519 402 451 479 217 221 97 171 47 45
129 225 368 436 460 255 297 341 325 393 448 464 534
Total Liabilities 1,357 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,352 1,392 1,551
203 671 630 570 538 542 489 471 484 457 440 435 436
CWIP 3 3 3 5 8 8 15 14 24 10 8 15 14
Investments 378 25 154 409 205 154 246 242 139 141 6 6 11
773 859 979 932 583 656 709 685 642 815 898 936 1,091
Total Assets 1,357 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,352 1,392 1,551

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
125 7 147 158 195 166 251 305 165 408 201 329
-591 2 -120 -0 97 -20 -81 25 72 -149 -29 -48
389 -30 45 -54 -300 -127 -149 -316 -297 -196 -166 -251
Net Cash Flow -77 -21 72 103 -7 18 21 13 -60 63 6 30

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 23 39 16 13 21 25 35 31 26 17 23 19
Inventory Days 78 108 87 87 81 80 79 76 91 101 84 76
Days Payable 62 74 56 62 69 60 62 66 52 69 67 55
Cash Conversion Cycle 39 74 47 38 33 46 52 40 65 48 40 41
Working Capital Days 37 14 14 -33 -108 -66 -15 24 39 22 22 14
ROCE % 12% 9% 12% 11% 16% 22% 20% 23% 19% 26% 18% 31%

Shareholding Pattern

Numbers in percentages

33 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89%
11.85% 12.23% 9.94% 10.89% 11.47% 12.80% 13.37% 13.77% 13.97% 14.62% 14.65% 16.43%
16.61% 16.38% 18.30% 16.90% 18.14% 17.47% 17.13% 16.81% 15.36% 14.13% 13.85% 13.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
8.65% 8.50% 8.87% 9.32% 7.50% 6.84% 6.63% 6.53% 7.77% 8.37% 8.61% 7.39%
No. of Shareholders 1,29,6751,38,4491,48,3291,46,6571,38,7671,33,2071,30,7721,26,6181,27,0031,39,1881,63,8801,50,093

* 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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