Emami Ltd
Emami is engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others.(Source : 201903 Annual Report Page No: 193)
- Market Cap ₹ 24,673 Cr.
- Current Price ₹ 565
- High / Low ₹ 860 / 417
- Stock P/E 31.0
- Book Value ₹ 63.5
- Dividend Yield 1.40 %
- ROCE 31.3 %
- ROE 29.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.0%
- Company has been maintaining a healthy dividend payout of 51.1%
Cons
- Stock is trading at 8.78 times its book value
- The company has delivered a poor sales growth of 3.26% over past five years.
- Tax rate seems low
* 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
Part of BSE 400 MidSmallCap Index BSE Quality Index Nifty Total Market BSE 500 Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,531 | 1,595 | 1,904 | 2,150 | 2,302 | 2,354 | 2,489 | 2,390 | 2,582 | 2,867 | 2,907 | 2,922 | 2,987 | |
1,182 | 1,167 | 1,393 | 1,495 | 1,562 | 1,654 | 1,782 | 1,798 | 1,738 | 1,970 | 2,129 | 2,070 | 2,098 | |
Operating Profit | 348 | 428 | 511 | 655 | 739 | 700 | 706 | 592 | 845 | 897 | 777 | 852 | 889 |
OPM % | 23% | 27% | 27% | 30% | 32% | 30% | 28% | 25% | 33% | 31% | 27% | 29% | 30% |
56 | 61 | 103 | 38 | 45 | 28 | 27 | 91 | 103 | 123 | 48 | 63 | 127 | |
Interest | 6 | 4 | 5 | 54 | 58 | 33 | 19 | 19 | 12 | 3 | 4 | 2 | 2 |
Depreciation | 21 | 33 | 31 | 252 | 305 | 305 | 318 | 326 | 361 | 328 | 215 | 167 | 163 |
Profit before tax | 377 | 452 | 577 | 387 | 422 | 389 | 396 | 338 | 574 | 689 | 606 | 747 | 851 |
Tax % | 14% | 12% | 18% | 14% | 18% | 20% | 23% | 14% | 17% | -23% | 5% | 7% | |
324 | 398 | 472 | 332 | 346 | 310 | 305 | 289 | 475 | 851 | 574 | 693 | 791 | |
EPS in Rs | 7.13 | 8.77 | 10.39 | 7.32 | 7.63 | 6.82 | 6.72 | 6.37 | 10.69 | 19.28 | 13.00 | 15.89 | 18.12 |
Dividend Payout % | 37% | 40% | 34% | 48% | 46% | 51% | 59% | 63% | 75% | 41% | 62% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 4% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 17% |
3 Years: | 15% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 10% |
3 Years: | 4% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 26% |
5 Years: | 27% |
3 Years: | 32% |
Last Year: | 29% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 23 | 23 | 23 | 23 | 23 | 45 | 45 | 44 | 44 | 44 | 44 | 44 |
Reserves | 762 | 906 | 1,189 | 1,537 | 1,690 | 1,949 | 2,019 | 1,757 | 1,715 | 2,042 | 2,220 | 2,339 | 2,730 |
72 | 31 | 24 | 660 | 435 | 279 | 54 | 158 | 51 | 224 | 21 | 22 | 23 | |
302 | 300 | 320 | 312 | 294 | 347 | 464 | 475 | 493 | 516 | 467 | 441 | 598 | |
Total Liabilities | 1,152 | 1,260 | 1,556 | 2,532 | 2,441 | 2,598 | 2,583 | 2,435 | 2,304 | 2,826 | 2,751 | 2,847 | 3,394 |
374 | 374 | 424 | 1,894 | 1,952 | 1,763 | 1,643 | 1,422 | 1,100 | 1,270 | 1,088 | 960 | 894 | |
CWIP | 44 | 8 | 25 | 60 | 20 | 30 | 36 | 8 | 6 | 3 | 2 | 5 | 7 |
Investments | 164 | 296 | 502 | 95 | 128 | 315 | 187 | 161 | 264 | 361 | 392 | 560 | 939 |
570 | 582 | 605 | 482 | 340 | 489 | 716 | 844 | 934 | 1,192 | 1,270 | 1,322 | 1,556 | |
Total Assets | 1,152 | 1,260 | 1,556 | 2,532 | 2,441 | 2,598 | 2,583 | 2,435 | 2,304 | 2,826 | 2,751 | 2,847 | 3,394 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
327 | 378 | 497 | 534 | 715 | 577 | 513 | 546 | 878 | 596 | 731 | 740 | |
-119 | -130 | -217 | -1,294 | -261 | -237 | 20 | -251 | -200 | -188 | -106 | -192 | |
-202 | -264 | -221 | 511 | -519 | -331 | -434 | -399 | -679 | -398 | -612 | -546 | |
Net Cash Flow | 6 | -15 | 59 | -249 | -64 | 9 | 99 | -105 | -0 | 10 | 13 | 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 | 19 | 17 | 11 | 9 | 5 | 11 | 21 | 28 | 14 | 25 | 33 | 35 |
Inventory Days | 59 | 76 | 58 | 68 | 81 | 86 | 89 | 102 | 116 | 123 | 102 | 102 |
Days Payable | 43 | 64 | 62 | 89 | 72 | 86 | 94 | 108 | 120 | 111 | 85 | 91 |
Cash Conversion Cycle | 35 | 30 | 7 | -12 | 15 | 11 | 16 | 22 | 10 | 37 | 50 | 46 |
Working Capital Days | -10 | -1 | -9 | 5 | -39 | 18 | 20 | 36 | 10 | 35 | 44 | 44 |
ROCE % | 44% | 51% | 61% | 29% | 24% | 23% | 19% | 17% | 30% | 31% | 26% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20h - Conference call scheduled for Q3 FY25 results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Certificate of compliance for dematerialization received.
- Corporate Action-Board To Consider 2Nd Interim Dividend 27 Dec
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Third Quarter Ending 31St December, 2024 And Consideration And Declaration Of 2Nd Interim Dividend For The FY 2024-25
27 Dec - Board meeting to approve Q3 results and interim dividend.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 24 Dec
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Leadership in Niche segments:[1] Emami is one of the leading companies in the personal and healthcare segment with leadership in the niche Ayurvedic segment. The Company has a portfolio of 450+ products based on ayurvedic formulations.