Jyothy Labs Ltd

₹ 205 0.47%
27 Jan - close price
About

Jyothy Labs Limited was founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala. With a humble beginning as a single-unit, single-product manufacturing company. The Company has grown significantly to become a leading FMCG player with a pan-India presence and several household brands. [1]

Key Points

Fabric Care Segment (37% of revenues) [1]
Company dominates the fabric care segment from its flagship brand 'Ujala' which is a generic name in its category with a 81% market share. [2] in fabric whiteners. It also operates its brands Henkomatic and Mr. White in this segment. [3]

  • Market Cap 7,520 Cr.
  • Current Price 205
  • High / Low 218 / 130
  • Stock P/E 34.8
  • Book Value 26.5
  • Dividend Yield 1.22 %
  • ROCE 18.6 %
  • ROE 16.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 68.6%
  • Company's working capital requirements have reduced from 27.6 days to 21.4 days

Cons

  • Stock is trading at 7.73 times its book value
  • The company has delivered a poor sales growth of 5.83% 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 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
407 382 429 500 469 487 522 578 529 537 586 646 599
342 342 350 411 390 417 457 511 468 481 526 566 514
Operating Profit 65 40 78 89 80 70 65 67 61 57 60 80 84
OPM % 16% 11% 18% 18% 17% 14% 12% 12% 11% 11% 10% 12% 14%
5 4 4 4 6 -18 5 5 4 5 14 13 6
Interest 7 6 5 3 2 2 2 2 2 1 1 1 1
Depreciation 19 19 19 19 20 20 21 21 21 16 11 11 11
Profit before tax 44 20 59 71 64 30 48 50 42 44 61 80 78
Tax % 4% -33% 14% 14% 19% 10% 16% 16% 16% 12% 15% 14% 21%
Net Profit 43 26 50 61 52 27 40 42 35 39 52 69 62
EPS in Rs 1.16 0.71 1.37 1.65 1.42 0.73 1.09 1.15 0.96 1.05 1.42 1.89 1.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
607 663 1,019 1,260 1,438 1,542 1,632 1,626 1,769 1,665 1,885 2,166 2,368
521 580 895 1,097 1,271 1,313 1,371 1,362 1,483 1,415 1,568 1,917 2,087
Operating Profit 86 83 124 164 166 229 261 264 286 250 317 250 281
OPM % 14% 13% 12% 13% 12% 15% 16% 16% 16% 15% 17% 12% 12%
21 57 47 57 63 15 11 43 27 16 -4 19 37
Interest 0 19 66 53 12 56 51 42 28 25 12 7 5
Depreciation 11 17 62 62 70 54 55 57 58 76 78 79 50
Profit before tax 96 103 44 106 147 133 166 208 228 166 223 183 264
Tax % 16% 19% 0% 0% 3% 44% -22% 23% 15% 5% 15% 15%
Net Profit 80 84 44 106 143 75 202 161 193 158 190 156 222
EPS in Rs 2.49 2.59 1.37 2.93 3.94 2.06 5.56 4.42 5.26 4.29 5.18 4.25 6.04
Dividend Payout % 50% 24% 92% 51% 51% 122% 54% 6% 57% 70% 77% 59%
Compounded Sales Growth
10 Years: 13%
5 Years: 6%
3 Years: 7%
TTM: 12%
Compounded Profit Growth
10 Years: 7%
5 Years: -5%
3 Years: -7%
TTM: 32%
Stock Price CAGR
10 Years: 11%
5 Years: 3%
3 Years: 10%
1 Year: 47%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 20%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 16 18 18 18 18 18 37 37 37 37 37
Reserves 645 665 653 862 944 454 635 665 817 707 897 906 936
59 554 610 519 519 402 451 479 217 221 97 65 46
127 129 280 368 436 460 255 297 341 325 393 442 468
Total Liabilities 839 1,357 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,450 1,487
206 203 671 630 570 538 542 489 471 484 457 415 409
CWIP 10 3 3 3 5 8 8 15 14 24 10 7 4
Investments 80 378 25 154 409 205 154 246 242 139 141 142 142
543 773 859 979 932 583 656 709 685 642 815 886 931
Total Assets 839 1,357 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,450 1,487

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-7 125 7 147 158 195 166 251 305 165 408 202
-158 -591 2 -120 -0 97 -20 -81 25 72 -149 -5
246 389 -30 45 -54 -300 -127 -149 -316 -297 -196 -194
Net Cash Flow 80 -77 -21 72 103 -7 18 21 13 -60 63 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 62 23 39 16 13 21 25 35 31 26 17 23
Inventory Days 80 78 108 87 87 81 80 79 76 91 101 84
Days Payable 46 62 74 56 62 69 60 62 66 52 69 67
Cash Conversion Cycle 96 39 74 47 38 33 46 52 40 65 48 40
Working Capital Days 57 37 14 14 -33 -108 -66 -15 24 39 22 21
ROCE % 16% 12% 9% 12% 11% 16% 22% 20% 23% 19% 26% 19%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
62.89 62.89 62.89 62.89 62.89 62.89 62.89 62.89 62.89 62.89 62.89 62.89
14.70 14.12 12.73 12.08 12.45 11.85 12.23 9.94 10.89 11.47 12.80 13.37
15.78 15.86 17.14 17.15 16.88 16.61 16.38 18.30 16.90 18.14 17.47 17.13
6.63 7.13 7.24 7.88 7.78 8.65 8.50 8.87 9.32 7.50 6.84 6.63

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls