Jyothy Labs Ltd

Jyothy Labs Ltd

₹ 412 -0.62%
03 Dec - close price
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 15,131 Cr.
  • Current Price 412
  • High / Low 596 / 367
  • Stock P/E 40.3
  • Book Value 51.4
  • Dividend Yield 0.85 %
  • ROCE 27.0 %
  • ROE 21.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 45.8%

Cons

  • Stock is trading at 8.02 times its book value
  • The company has delivered a poor sales growth of 8.74% 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

Consolidated Figures in Rs. Crores / View Standalone

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
585 539 547 597 659 613 617 687 732 678 660 742 734
519 478 489 537 579 528 526 570 597 559 552 608 595
Operating Profit 67 61 57 60 80 84 91 117 135 119 108 133 138
OPM % 11% 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 3 3 3 3 3 3 3 1 1 1 1 1 1
Depreciation 14 14 15 13 13 12 12 12 12 13 13 13 14
Profit before tax 55 47 45 57 76 84 82 121 135 115 107 132 136
Tax % 19% 20% 17% 16% 14% 20% 28% 21% 23% 21% 27% 23% 23%
44 38 37 48 65 67 59 96 104 91 78 102 105
EPS in Rs 1.21 1.05 1.03 1.32 1.76 1.84 1.61 2.62 2.84 2.48 2.13 2.77 2.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,107 1,324 1,515 1,593 1,683 1,672 1,814 1,711 1,909 2,196 2,486 2,757 2,813
1,028 1,170 1,350 1,370 1,428 1,415 1,532 1,460 1,594 1,948 2,170 2,277 2,314
Operating Profit 79 154 164 223 255 257 282 251 315 248 316 480 499
OPM % 7% 12% 11% 14% 15% 15% 16% 15% 16% 11% 13% 17% 18%
13 8 6 13 10 62 27 16 -5 19 47 54 50
Interest 68 55 14 62 56 48 35 33 19 12 13 5 5
Depreciation 22 24 33 31 30 31 31 53 56 58 50 50 53
Profit before tax 1 82 125 143 179 241 243 182 235 197 299 479 490
Tax % -1,199% 1% 3% 48% -14% 26% 19% 10% 19% 19% 20% 23%
16 81 121 74 204 179 198 163 191 159 240 369 376
EPS in Rs 0.61 2.25 3.35 2.16 5.73 5.12 5.59 4.64 5.43 4.41 6.53 10.06 10.24
Dividend Payout % 205% 67% 60% 116% 52% 5% 54% 65% 74% 57% 46% 35%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: 16%
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: 15%
5 Years: 15%
3 Years: 16%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 622 716 762 883 1,071 1,126 1,290 1,192 1,392 1,407 1,512 1,772 1,849
630 534 569 451 498 544 281 283 168 171 47 51 56
250 386 468 417 266 291 335 325 359 408 466 542 584
Total Liabilities 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,062 2,401 2,526
1,062 1,094 1,074 1,068 1,097 1,091 1,101 1,149 1,147 1,122 1,116 1,125 1,129
CWIP 7 4 16 8 9 15 14 24 10 8 15 13 16
Investments 2 61 194 86 28 113 104 0 0 0 0 192 288
447 494 533 608 719 760 723 662 799 893 930 1,071 1,093
Total Assets 1,518 1,654 1,817 1,770 1,853 1,979 1,942 1,836 1,956 2,023 2,062 2,401 2,526

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 130 166 192 163 242 302 171 402 203 329 458
-28 -91 -26 108 -17 -74 30 72 -129 -32 -48 -344
-24 37 -18 -302 -130 -145 -318 -304 -216 -167 -251 -135
Net Cash Flow -25 76 123 -2 16 23 13 -60 57 4 30 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 27 18 14 22 25 35 31 26 18 24 20 27
Inventory Days 108 91 87 81 80 79 76 91 101 85 77 74
Days Payable 77 59 62 70 61 63 67 53 69 67 55 72
Cash Conversion Cycle 57 51 39 32 45 51 40 65 49 41 42 29
Working Capital Days -2 16 -32 -114 -75 -26 10 20 18 23 15 43
ROCE % 6% 11% 10% 15% 16% 15% 17% 14% 18% 13% 18% 27%

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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