Jyothy Labs Ltd

₹ 212 0.55%
05 Dec 4:01 p.m.
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 7,776 Cr.
  • Current Price 212
  • High / Low 213 / 130
  • Stock P/E 42.8
  • Book Value 39.9
  • Dividend Yield 1.18 %
  • ROCE 12.9 %
  • ROE 11.0 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 65.0%

Cons

  • Stock is trading at 5.31 times its book value
  • The company has delivered a poor sales growth of 5.47% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.22%

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
475 421 393 433 504 477 495 525 585 539 547 597 659
396 354 352 356 417 397 424 462 519 478 489 537 579
Operating Profit 79 66 41 76 87 80 71 63 67 61 57 60 80
OPM % 17% 16% 10% 18% 17% 17% 14% 12% 11% 11% 10% 10% 12%
5 5 5 4 4 6 -19 5 5 4 6 13 12
Interest 8 9 8 6 5 4 3 3 3 3 3 3 3
Depreciation 13 13 14 13 13 14 15 14 14 14 15 13 13
Profit before tax 63 49 23 61 73 68 33 50 55 47 45 57 76
Tax % 15% 9% -14% 18% 17% 22% 17% 20% 19% 20% 17% 16% 14%
Net Profit 54 45 27 50 60 53 27 40 44 38 37 48 65
EPS in Rs 1.52 1.27 0.78 1.42 1.70 1.51 0.80 1.12 1.21 1.05 1.03 1.32 1.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
626 913 1,107 1,324 1,515 1,593 1,683 1,672 1,814 1,711 1,909 2,196 2,342
546 827 1,028 1,170 1,350 1,370 1,428 1,415 1,532 1,460 1,594 1,948 2,083
Operating Profit 80 86 79 154 164 223 255 257 282 251 315 248 259
OPM % 13% 9% 7% 12% 11% 14% 15% 15% 16% 15% 16% 11% 11%
16 21 13 8 6 13 10 62 27 16 -5 19 35
Interest 2 24 68 55 14 62 56 48 35 33 19 12 13
Depreciation 13 25 22 24 33 31 30 31 31 53 56 58 56
Profit before tax 81 58 1 82 125 143 179 241 243 182 235 197 225
Tax % 19% 34% -1,199% 1% 3% 48% -14% 26% 19% 10% 19% 19%
Net Profit 66 38 16 81 121 74 204 179 198 163 191 159 188
EPS in Rs 2.13 1.38 0.61 2.25 3.35 2.16 5.73 5.12 5.59 4.64 5.43 4.41 5.16
Dividend Payout % 59% 45% 205% 67% 60% 116% 52% 5% 54% 65% 74% 57%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 7%
TTM: 12%
Compounded Profit Growth
10 Years: 16%
5 Years: -5%
3 Years: -7%
TTM: -1%
Stock Price CAGR
10 Years: 9%
5 Years: 3%
3 Years: 9%
1 Year: 40%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 13%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 623 604 567 716 762 883 1,071 1,126 1,290 1,192 1,392 1,407 1,428
69 566 630 534 569 451 498 544 281 283 168 171 160
132 241 305 386 468 417 266 291 335 325 359 408 478
Total Liabilities 832 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,103
239 1,030 1,062 1,094 1,074 1,068 1,097 1,091 1,101 1,149 1,147 1,122 1,158
CWIP 13 3 7 4 16 8 9 15 14 24 10 8 4
Investments 62 2 2 61 194 86 28 113 104 0 0 0 0
518 384 447 494 533 608 719 760 723 662 799 893 940
Total Assets 832 1,419 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,103

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-12 125 28 130 166 192 163 242 302 171 402 203
-153 -604 -28 -91 -26 108 -17 -74 30 72 -129 -32
245 413 -24 37 -18 -302 -130 -145 -318 -304 -216 -167
Net Cash Flow 80 -66 -25 76 123 -2 16 23 13 -60 57 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 61 32 27 18 14 22 25 35 31 26 18 24
Inventory Days 79 89 108 91 87 81 80 79 76 91 101 85
Days Payable 48 112 77 59 62 70 61 63 67 53 69 67
Cash Conversion Cycle 93 9 57 51 39 32 45 51 40 65 49 41
Working Capital Days 54 20 -2 16 -32 -114 -75 -26 10 20 18 23
ROCE % 14% 8% 6% 11% 10% 15% 16% 15% 17% 14% 18% 13%

Shareholding Pattern

Numbers in percentages

6 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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
15.28 14.70 14.12 12.73 12.08 12.45 11.85 12.23 9.94 10.89 11.47 12.80
15.41 15.78 15.86 17.14 17.15 16.88 16.61 16.38 18.30 16.90 18.14 17.47
6.42 6.63 7.13 7.24 7.88 7.78 8.65 8.50 8.87 9.32 7.50 6.84

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

Concalls