Jyothy Labs Ltd

Jyothy Labs Ltd

₹ 440 -1.41%
28 Mar 4:01 p.m.
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 16,157 Cr.
  • Current Price 440
  • High / Low 554 / 186
  • Stock P/E 46.2
  • Book Value 44.6
  • Dividend Yield 0.67 %
  • ROCE 18.1 %
  • ROE 14.7 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 58.8%

Cons

  • Stock is trading at 10.2 times its book value
  • The company has delivered a poor sales growth of 8.25% over past five years.
  • Company has a low return on equity of 13.8% over last 3 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

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
477 495 525 585 539 547 597 659 613 617 687 732 678
397 424 462 519 478 489 537 579 528 526 570 597 559
Operating Profit 80 71 63 67 61 57 60 80 84 91 117 135 119
OPM % 17% 14% 12% 11% 11% 10% 10% 12% 14% 15% 17% 18% 18%
6 -19 5 5 4 6 13 12 15 6 17 13 11
Interest 4 3 3 3 3 3 3 3 3 3 1 1 1
Depreciation 14 15 14 14 14 15 13 13 12 12 12 12 13
Profit before tax 68 33 50 55 47 45 57 76 84 82 121 135 115
Tax % 22% 17% 20% 19% 20% 17% 16% 14% 20% 28% 21% 23% 21%
53 27 40 44 38 37 48 65 67 59 96 104 91
EPS in Rs 1.51 0.80 1.12 1.21 1.05 1.03 1.32 1.76 1.84 1.61 2.62 2.84 2.48
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
913 1,107 1,324 1,515 1,593 1,683 1,672 1,814 1,711 1,909 2,196 2,486 2,714
827 1,028 1,170 1,350 1,370 1,428 1,415 1,532 1,460 1,594 1,948 2,170 2,251
Operating Profit 86 79 154 164 223 255 257 282 251 315 248 316 463
OPM % 9% 7% 12% 11% 14% 15% 15% 16% 15% 16% 11% 13% 17%
21 13 8 6 13 10 62 27 16 -5 19 47 46
Interest 24 68 55 14 62 56 48 35 33 19 12 13 7
Depreciation 25 22 24 33 31 30 31 31 53 56 58 50 49
Profit before tax 58 1 82 125 143 179 241 243 182 235 197 299 454
Tax % 34% -1,199% 1% 3% 48% -14% 26% 19% 10% 19% 19% 20%
38 16 81 121 74 204 179 198 163 191 159 240 350
EPS in Rs 1.38 0.61 2.25 3.35 2.16 5.73 5.12 5.59 4.64 5.43 4.41 6.53 9.55
Dividend Payout % 45% 205% 67% 60% 116% 52% 5% 54% 65% 74% 57% 46%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: 30%
5 Years: 8%
3 Years: 10%
TTM: 66%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 48%
1 Year: 135%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 15%

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 16 18 18 18 18 18 37 37 37 37 37 37
Reserves 604 622 716 762 883 1,071 1,126 1,290 1,192 1,392 1,407 1,512 1,603
566 630 534 569 451 498 544 281 283 168 171 47 45
241 250 386 468 417 266 291 335 325 359 408 466 536
Total Liabilities 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,062 2,220
1,030 1,062 1,094 1,074 1,068 1,097 1,091 1,101 1,149 1,147 1,122 1,116 1,117
CWIP 3 7 4 16 8 9 15 14 24 10 8 15 14
Investments 2 2 61 194 86 28 113 104 0 0 0 0 5
384 447 494 533 608 719 760 723 662 799 893 930 1,084
Total Assets 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,062 2,220

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
125 28 130 166 192 163 242 302 171 402 203 329
-604 -28 -91 -26 108 -17 -74 30 72 -129 -32 -48
413 -24 37 -18 -302 -130 -145 -318 -304 -216 -167 -251
Net Cash Flow -66 -25 76 123 -2 16 23 13 -60 57 4 30

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 32 27 18 14 22 25 35 31 26 18 24 20
Inventory Days 89 108 91 87 81 80 79 76 91 101 85 77
Days Payable 112 77 59 62 70 61 63 67 53 69 67 55
Cash Conversion Cycle 9 57 51 39 32 45 51 40 65 49 41 42
Working Capital Days 20 -2 16 -32 -114 -75 -26 10 20 18 23 15
ROCE % 8% 6% 11% 10% 15% 16% 15% 17% 14% 18% 13% 18%

Shareholding Pattern

Numbers in percentages

33 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89%
12.45% 11.85% 12.23% 9.94% 10.89% 11.47% 12.80% 13.37% 13.77% 13.97% 14.62% 14.65%
16.88% 16.61% 16.38% 18.30% 16.90% 18.14% 17.47% 17.13% 16.81% 15.36% 14.13% 13.85%
7.78% 8.65% 8.50% 8.87% 9.32% 7.50% 6.84% 6.63% 6.53% 7.77% 8.37% 8.61%
No. of Shareholders 1,18,5421,29,6751,38,4491,48,3291,46,6571,38,7671,33,2071,30,7721,26,6181,27,0031,39,1881,63,880

* 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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