Jyothy Labs Ltd

About [ edit ]

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, your Company has grown significantly to become a leading FMCG player with a pan-India presence and several household brands. #

Key Points [ edit ]
  • Market Cap 5,168 Cr.
  • Current Price 140
  • High / Low 166 / 100
  • Stock P/E 26.0
  • Book Value 36.6
  • Dividend Yield 2.14 %
  • ROCE 13.7 %
  • ROE 13.5 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.09%

Cons

  • The company has delivered a poor sales growth of 2.47% over past five years.
  • Promoter holding has decreased over last 3 years: -3.97%

Peer comparison

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
517 413 437 447 516 423 475 421 393 433 504 477
428 357 366 375 435 357 396 354 352 356 417 397
Operating Profit 88 57 71 72 81 66 79 66 41 76 87 80
OPM % 17% 14% 16% 16% 16% 16% 17% 16% 10% 18% 17% 17%
Other Income 41 5 5 6 12 1 5 5 5 4 4 6
Interest 14 9 9 8 9 8 8 9 8 6 5 4
Depreciation 8 7 7 7 10 12 13 13 14 13 13 14
Profit before tax 107 45 60 64 74 46 63 49 23 61 73 68
Tax % 29% 26% 24% 19% 9% 19% 15% 9% -14% 18% 17% 22%
Net Profit 78 35 48 53 69 39 56 47 29 52 63 55
EPS in Rs 2.14 0.97 1.32 1.43 1.88 1.07 1.52 1.27 0.78 1.42 1.70 1.51

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
362 598 626 913 1,107 1,324 1,515 1,593 1,683 1,672 1,814 1,711 1,807
313 506 547 829 1,028 1,170 1,354 1,371 1,428 1,415 1,532 1,461 1,523
Operating Profit 49 92 79 84 79 154 161 222 254 257 281 250 284
OPM % 13% 15% 13% 9% 7% 12% 11% 14% 15% 15% 16% 15% 16%
Other Income 8 18 17 22 13 8 10 14 11 62 28 18 19
Interest 1 2 2 24 68 55 14 62 56 48 35 33 24
Depreciation 7 12 13 25 22 24 33 31 30 31 31 53 54
Profit before tax 48 96 81 58 1 82 125 143 179 241 243 182 225
Tax % 22% 22% 19% 34% -1,199% 1% 3% 48% -14% 26% 19% 10%
Net Profit 38 74 69 45 20 81 121 78 208 186 205 170 199
EPS in Rs 2.13 1.38 0.61 2.25 3.35 2.16 5.73 5.12 5.59 4.64 5.41
Dividend Payout % 38% 39% 59% 45% 205% 67% 60% 116% 52% 5% 54% 65%
Compounded Sales Growth
10 Years:11%
5 Years:2%
3 Years:1%
TTM:-1%
Compounded Profit Growth
10 Years:9%
5 Years:8%
3 Years:-6%
TTM:-7%
Stock Price CAGR
10 Years:10%
5 Years:-2%
3 Years:-9%
1 Year:28%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:15%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7 7 8 8 16 18 18 18 18 18 37 37 37
Reserves 340 380 623 604 567 716 762 883 1,071 1,126 1,290 1,192 1,306
Borrowings 1 18 69 566 630 534 569 451 498 544 281 337 167
78 134 132 241 305 386 468 417 266 291 335 270 409
Total Liabilities 426 539 832 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,919
200 234 239 1,030 1,062 1,094 1,074 1,068 1,097 1,091 1,101 1,149 1,154
CWIP 11 4 13 3 7 4 16 8 9 15 14 24 10
Investments 0 0 62 2 2 61 194 86 28 113 104 0 0
214 302 518 384 447 494 533 608 719 760 723 662 755
Total Assets 426 539 832 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,919

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
30 51 -12 125 28 130 166 192 163 242 302 171
-2 -37 -153 -604 -28 -91 -26 108 -17 -74 30 72
-16 -6 245 413 -24 37 -18 -302 -130 -145 -318 -304
Net Cash Flow 11 8 80 -66 -25 76 123 -2 16 23 13 -60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 26% 14% 8% 6% 11% 10% 15% 16% 15% 17% 14%
Debtor Days 43 43 61 32 27 18 14 22 25 35 31 26
Inventory Turnover 5.55 4.72 5.50 4.17 4.17 4.49 4.66 4.83 4.69 5.12 4.36

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
66.85 66.85 67.11 67.11 67.11 67.11 62.89 62.89 62.89 62.89 62.89 62.89
16.23 15.94 15.85 15.83 16.30 15.73 15.28 14.70 14.12 12.73 12.08 12.45
6.23 6.98 7.27 8.54 8.56 10.96 15.41 15.78 15.86 17.14 17.15 16.88
10.68 10.23 9.77 8.52 8.03 6.20 6.42 6.63 7.13 7.24 7.88 7.78

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