Jayant Agro Organics Ltd

Jayant Agro Organics Ltd

₹ 307 -1.60%
28 Jun - close price
About

The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.[1]
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.[2]

Key Points

Products & Applications
The Company is engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.[1] Some of their products include Castor Oil, 12 Hydroxy Stearic Acid, Blown Castor Oil, Dehydrated Castor Oil, Hydrogenated Castor Oil, etc.[2]
These find application in cosmetics, agriculture, lubricants, paints, inks, surface coatings, pharmaceuticals, food, engineering plastics, cosmetics, perfumeries, electricals, rubber, etc.[3]
Company manufactured 80+ products in FY23 with 5 new launches.[4]

  • Market Cap 920 Cr.
  • Current Price 307
  • High / Low 350 / 180
  • Stock P/E 21.1
  • Book Value 149
  • Dividend Yield 1.63 %
  • ROCE 13.4 %
  • ROE 10.0 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.3%

Cons

  • The company has delivered a poor sales growth of 4.67% over past five years.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.436 Cr.

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
214 237 272 279 298 349 306 204 281 245 257 231 271
186 210 245 251 268 325 290 194 261 231 237 216 250
Operating Profit 28 27 27 28 31 24 15 10 20 14 20 15 21
OPM % 13% 11% 10% 10% 10% 7% 5% 5% 7% 6% 8% 7% 8%
1 0 1 0 1 0 1 1 1 1 0 0 1
Interest 1 2 0 0 1 1 0 1 1 1 1 1 1
Depreciation 2 2 2 2 3 3 3 3 3 3 3 3 3
Profit before tax 26 24 25 26 28 21 13 6 17 11 17 12 18
Tax % 24% 26% 26% 26% 25% 24% 30% 29% 26% 26% 26% 25% 24%
19 18 19 19 21 16 9 5 13 8 12 9 14
EPS in Rs 6.48 5.91 6.22 6.42 7.12 5.28 3.00 1.50 4.24 2.74 4.15 3.06 4.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,224 653 655 562 656 780 799 847 676 1,087 1,140 1,004
1,154 597 616 513 573 691 709 870 618 973 1,071 934
Operating Profit 70 56 38 49 83 89 90 -24 57 114 69 70
OPM % 6% 9% 6% 9% 13% 11% 11% -3% 8% 10% 6% 7%
4 22 7 3 5 4 5 2 2 2 2 2
Interest 27 22 24 12 12 22 13 14 5 3 3 4
Depreciation 9 10 9 9 8 8 8 9 9 9 11 11
Profit before tax 38 47 13 32 68 64 74 -44 45 104 57 58
Tax % 27% 20% 13% 32% 32% 33% 35% 42% 25% 26% 27% 25%
28 37 11 22 46 42 48 -26 34 77 42 44
EPS in Rs 9.24 12.44 3.77 7.20 15.33 14.14 15.83 -8.55 11.20 25.67 14.02 14.52
Dividend Payout % 12% 12% 13% 26% 29% 14% 13% 0% 9% 12% 36% 34%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 14%
TTM: -12%
Compounded Profit Growth
10 Years: 2%
5 Years: -2%
3 Years: 9%
TTM: 4%
Stock Price CAGR
10 Years: 17%
5 Years: 12%
3 Years: 13%
1 Year: 31%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 14%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 15 15 15 15 15 15 15
Reserves 136 175 179 198 230 255 302 259 298 372 405 433
232 223 143 102 178 192 155 89 56 32 17 37
58 77 57 74 65 57 77 54 51 61 52 62
Total Liabilities 433 482 388 381 481 520 549 417 420 479 490 547
159 162 173 170 164 164 165 165 161 170 172 224
CWIP 15 14 5 0 3 3 2 18 19 11 35 20
Investments 6 15 15 15 16 16 16 15 15 16 19 26
252 291 195 194 299 337 366 218 225 283 264 278
Total Assets 433 482 388 381 481 520 549 417 420 479 490 547

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
35 45 109 49 -51 19 58 118 44 54 59 59
-28 2 -5 -0 -2 -5 -4 -25 -5 -11 -36 -54
-13 -46 -105 -48 47 -13 -55 -90 -43 -30 -30 -7
Net Cash Flow -6 1 -0 0 -6 1 -1 3 -4 13 -7 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 38 24 29 34 36 30 39 50 36 36 44
Inventory Days 27 76 50 80 160 156 187 49 91 64 50 42
Days Payable 9 28 18 31 22 14 26 11 18 14 8 11
Cash Conversion Cycle 35 85 56 79 172 179 191 77 123 85 77 75
Working Capital Days 54 114 72 80 139 138 139 65 95 72 68 81
ROCE % 19% 18% 10% 14% 22% 20% 19% -7% 14% 27% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.40% 66.41% 66.44% 66.44% 66.44% 66.44% 67.13% 67.13% 67.13% 67.13% 67.13% 67.13%
0.01% 0.01% 0.07% 0.06% 0.09% 0.14% 0.08% 0.04% 0.09% 0.05% 0.16% 0.06%
0.07% 0.06% 0.07% 0.07% 0.06% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
33.52% 33.52% 33.42% 33.43% 33.40% 33.38% 32.76% 32.81% 32.76% 32.81% 32.69% 32.80%
No. of Shareholders 12,68314,21613,69713,77914,55214,54114,66014,35413,50613,60813,93913,959

* 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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