Jyothy Labs Ltd

Jyothy Labs Ltd

₹ 412 -0.11%
04 Dec 2:04 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 15,111 Cr.
  • Current Price 412
  • High / Low 596 / 367
  • Stock P/E 40.3
  • Book Value 33.2
  • Dividend Yield 0.85 %
  • ROCE 44.0 %
  • ROE 35.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
  • Company has been maintaining a healthy dividend payout of 49.0%

Cons

  • Stock is trading at 12.3 times its book value
  • The company has delivered a poor sales growth of 9.26% over past five 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
578 529 546 597 658 612 616 686 732 677 659 741 733
511 468 489 537 578 527 525 569 596 558 551 608 595
Operating Profit 67 61 57 60 80 84 91 118 135 119 108 134 138
OPM % 12% 11% 10% 10% 12% 14% 15% 17% 18% 18% 16% 18% 19%
5 4 6 13 12 15 6 17 13 11 13 14 13
Interest 2 2 3 3 3 3 3 1 1 1 1 1 1
Depreciation 21 21 22 13 13 12 12 12 12 13 13 13 14
Profit before tax 50 42 38 57 76 84 82 121 135 115 107 132 136
Tax % 16% 16% 13% 16% 14% 20% 28% 21% 23% 21% 27% 23% 23%
42 35 33 48 65 67 59 96 104 91 78 102 105
EPS in Rs 1.15 0.96 0.91 1.30 1.78 1.84 1.61 2.62 2.84 2.48 2.13 2.77 2.86
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 TTM
1,019 1,260 1,438 1,542 1,632 1,626 1,769 1,665 1,885 2,193 2,482 2,754 2,810
895 1,097 1,271 1,313 1,371 1,362 1,483 1,415 1,568 1,945 2,166 2,274 2,311
Operating Profit 124 164 166 229 261 264 286 250 317 248 316 480 499
OPM % 12% 13% 12% 15% 16% 16% 16% 15% 17% 11% 13% 17% 18%
47 57 63 15 11 43 27 16 -4 18 47 54 50
Interest 66 53 12 56 51 42 28 25 12 12 13 5 5
Depreciation 62 62 70 54 55 57 58 76 78 89 50 50 53
Profit before tax 44 106 147 133 166 208 228 166 223 166 299 479 491
Tax % 0% 0% 3% 44% -22% 23% 15% 5% 15% 16% 20% 23%
44 106 143 75 202 161 193 158 190 139 240 370 376
EPS in Rs 1.37 2.93 3.94 2.06 5.56 4.42 5.26 4.29 5.18 3.78 6.52 10.07 10.24
Dividend Payout % 92% 51% 51% 122% 54% 6% 57% 70% 77% 66% 46% 35%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: 13%
3 Years: 19%
TTM: 15%
Stock Price CAGR
10 Years: 13%
5 Years: 20%
3 Years: 40%
1 Year: -7%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 27%
Last Year: 35%

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 16 18 18 18 18 18 37 37 37 37 37 37 37
Reserves 708 862 944 454 635 665 817 707 897 696 845 1,105 1,183
610 519 519 402 451 479 217 221 97 171 47 51 56
225 368 436 460 255 297 341 325 393 448 464 540 582
Total Liabilities 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,352 1,392 1,732 1,858
671 630 570 538 542 489 471 484 457 440 435 444 447
CWIP 3 3 5 8 8 15 14 24 10 8 15 13 16
Investments 25 154 409 205 154 246 242 139 141 6 6 197 294
859 979 932 583 656 709 685 642 815 898 936 1,077 1,101
Total Assets 1,559 1,767 1,916 1,334 1,360 1,459 1,412 1,289 1,424 1,352 1,392 1,732 1,858

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
7 147 158 195 166 251 305 165 408 201 329 458
2 -120 -0 97 -20 -81 25 72 -149 -29 -48 -344
-30 45 -54 -300 -127 -149 -316 -297 -196 -166 -251 -135
Net Cash Flow -21 72 103 -7 18 21 13 -60 63 6 30 -21

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 39 16 13 21 25 35 31 26 17 23 19 26
Inventory Days 108 87 87 81 80 79 76 91 101 84 76 73
Days Payable 74 56 62 69 60 62 66 52 69 67 55 72
Cash Conversion Cycle 74 47 38 33 46 52 40 65 48 40 41 28
Working Capital Days 14 14 -33 -108 -66 -15 24 39 22 22 14 42
ROCE % 9% 12% 11% 16% 22% 20% 23% 19% 26% 18% 31% 44%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89% 62.89%
9.94% 10.89% 11.47% 12.80% 13.37% 13.77% 13.97% 14.62% 14.65% 16.43% 15.10% 15.10%
18.30% 16.90% 18.14% 17.47% 17.13% 16.81% 15.36% 14.13% 13.85% 13.28% 14.35% 15.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
8.87% 9.32% 7.50% 6.84% 6.63% 6.53% 7.77% 8.37% 8.62% 7.39% 7.66% 6.75%
No. of Shareholders 1,48,3291,46,6571,38,7671,33,2071,30,7721,26,6181,27,0031,39,1881,63,8801,50,0931,59,9961,63,046

* 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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