Emami Ltd - Stock Valuation and Financial Performance

BSE: 531162 | NSE: EMAMILTD | Household & Personal Products | Small Cap

Emami Share Price

431.90 -4.55 -1.04%
as on 28-Mar'24 14:39

DeciZen - make an informed investing decision on Emami

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Emami stock performance -

mw4me loader
P/E Ratio (CD):
26.49
Market Cap:
19,051 Cr.
52-wk low:
352.6
52-wk high:
588.7

Is Emami Ltd an attractive stock to invest in?

1. Is Emami Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Emami Ltd is a good quality company.

2. Is Emami Ltd undervalued or overvalued?

The key valuation ratios of Emami Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Emami Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Emami Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Emami:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Emami Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 44.5%48.9%24.4%18.5%16.8%14.4%15.4%23.9%40.3%27.1%-
Value Creation
Index
2.32.61.20.60.50.10.11.12.61.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8212,2172,3582,4882,5312,6952,6552,8813,1873,4063,523
Sales YoY Gr.-21.8%6.4%5.5%1.7%6.5%-1.5%8.5%10.7%6.9%-
Adj EPS 9128.78.37.96.86.810.31914.416.5
YoY Gr.-32.5%-27.1%-5.2%-4.5%-13.5%-0.3%50.4%85.6%-24.5%-
BVPS (₹) 20.527.135.538.744.445.740.239.747.152.261.1
Adj Net
Profit
410544396376359310309456840634719
Cash Flow from Ops. 428534562730588554531922644749-
Debt/CF from Ops. 0.10.11.20.70.60.20.40.10.40.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%6.1%8.7%6.9%
Adj EPS 5.3%12.7%28.2%-24.5%
BVPS10.9%3.3%9.1%10.9%
Share Price 7% 1.7% -2.9% 18.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4850.327.922.319.115.215.925.443.82929.1
Op. Profit
Mgn %
24.324.429.230.528.527.126.230.729.925.326.6
Net Profit
Mgn %
22.524.516.815.114.211.511.615.826.318.320.4
Debt to
Equity
000.40.30.20.10.10.10.10-
Working Cap
Days
79546465718711310810210874
Cash Conv.
Cycle
11-2-5-1681514131733

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 28.20%

Return on Equity has declined versus last 3 years average to 29.10%

Sales growth has been subdued in last 3 years 8.66%

Sales growth is not so good in last 4 quarters at 5.81%

Latest Financials - Emami Ltd.

Standalone Consolidated
TTM EPS (₹) 14.9 16.5
TTM Sales (₹ Cr.) 2,910 3,523
BVPS (₹.) 59.5 61.1
Reserves (₹ Cr.) 2,551 2,624
P/BV 7.34 7.14
PE 29.30 26.49
From the Market
52 Week Low / High (₹) 352.55 / 588.65
All Time Low / High (₹) 2.34 / 714.00
Market Cap (₹ Cr.) 19,051
Equity (₹ Cr.) 43.7
Face Value (₹) 1
Industry PE 55.6

Management X-Ray of Emami:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *31.4229.1335.2137.1433.3736.5240.1233.2917.7013.33
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,8212,2172,3582,4882,5312,6952,6552,8813,1873,406
Operating Expenses 1,3871,7681,7361,7871,8881,9671,9641,9972,2352,543
Manufacturing Costs30333747516061586574
Material Costs6807808127918109238769291,0731,201
Employee Cost 139167208234255280300309318368
Other Costs 537788679715772704728701779900
Operating Profit 434449623701643727691883952863
Operating Profit Margin (%) 23.8%20.3%26.4%28.2%25.4%27.0%26.0%30.7%29.9%25.3%
Other Income 7318210989963557709569
Interest 5554583421211357
Depreciation 3534255309311325336367335247
Exceptional Items -90000-10-110-50
Profit Before Tax 457592423424393403374569688670
Tax 5510760848610171114-14942
Profit After Tax 402485363340306303302455837627
PAT Margin (%) 22.1%21.9%15.4%13.7%12.1%11.2%11.4%15.8%26.3%18.4%
Adjusted EPS (₹)8.910.78.07.56.86.76.710.219.014.5
Dividend Payout Ratio (%)39%33%44%47%52%60%60%78%42%55%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9321,2311,6121,7552,0142,0761,8241,7632,0772,303
Share Capital 23232323234545444444
Reserves 9091,2081,5891,7321,9912,0311,7781,7182,0322,259
Minority Interest05411-0-1-1-210
Debt22196711733261102109226474
Long Term Debt1723000000000
Short Term Debt4183711733261102109226474
Trade Payables143193249185242291324351409416
Others Liabilities 20522815648921634132131527-56
Total Liabilities 1,3021,6762,6922,6032,7982,8192,6782,5202,7742,746

Fixed Assets

Gross Block1,0366412,3552,4992,6192,8152,9302,9643,4953,627
Accumulated Depreciation6401884375608731,1901,5251,8852,2052,435
Net Fixed Assets3964531,9181,9401,7461,6251,4051,0791,2901,192
CWIP 1229672230368636
Investments 29650147128314187156255303293
Inventories141127151179194222245300358328
Trade Receivables7910213197156216308232321415
Cash Equivalents 2703541085080203119360116185
Others Assets108111270188278328438287384327
Total Assets 1,3021,6762,6922,6032,7982,8192,6782,5202,7742,746

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 428534562730588554531922644749
PBT 466592423424393403374569688670
Adjustment -17-36291354337317313330268208
Changes in Working Capital 6074-5623-61-74-80109-169-11
Tax Paid -77-96-96-71-81-93-76-86-143-117
Cash Flow From Investing Activity -142-234-1,306-297-279-23-228-227-235-113
Capex -65-108-1,814-281-123-133-148-32-480-30
Net Investments -138-284426-90-24092-30-287223-92
Others 6115882748417-5092239
Cash Flow From Financing Activity -301-215502-496-324-428-405-688-402-608
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-5-52-58-34-21-21-13-4-6
Dividend Paid -189-181-68-199-119-159-363-356-356-353
Others -107-29622-239-170-247-21-319-42-249
Net Cash Flow -1585-243-64-15103-1026728
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)47.0844.8925.5520.216.2614.7915.525.3643.5828.65
ROCE (%)49.6853.4426.8721.3618.6918.7718.729.9433.0428.7
Asset Turnover Ratio1.391.521.10.950.940.960.971.111.21.23
PAT to CFO Conversion(x)1.061.11.552.151.921.831.762.030.771.19
Working Capital Days
Receivable Days19151816182536343239
Inventory Days25222124272832353837
Payable Days66799910096105128133129125

Emami Ltd Stock News

Emami Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Emami on 28-Mar-2024 14:39 is ₹431.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 14:39 the market cap of Emami stood at ₹19,051.
The latest P/E ratio of Emami as of 28-Mar-2024 14:39 is 29.30.
The latest P/B ratio of Emami as of 28-Mar-2024 14:39 is 7.34.
The 52-week high of Emami is ₹588.6 and the 52-week low is ₹352.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Emami is ₹2,910 ( Cr.) .

About Emami Ltd

Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King. The Company is a public limited company domiciled in India and is primarily listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Business area of the company

The Company is one of India’s leading FMCG Companies engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as Boro Plus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others.

Products

BoroPlus

  • Ayurvedic Antiseptic Cream
  • Prickly Heat Powder
  • Doodh Kesar Body Lotion
  • Aloe Vera Gel
  • Hygiene Range

Navratna:

  • Cool Oil
  • Extra Thanda
  • Extra Thanda Hairfall Rodhak
  • Garam Ayurvedic Oil
  • Maxx Cool Talc
  • Cool

Zandu

  • Balm
  • Balm Ultra Power

Fair and Handsome

  • Fairness Cream For Men
  • Instant Fairness Face Wash
  • Complete Winter Solution
  • Laser 12

Mentho plus

  • Balm

Fast Relief

  • Pain Relief Ointment

Vasocare

  • Herbal Petroleum Jelly

Zandu

  • Healthcare OTC, Classical, Ethical
  • Nityam
  • Kesari Jivan
  • Ayurvedic Hand Sanitizer

Emami 7 Oils in One

  • Non Sticky Hair Oil

Kesh King

  • Haircare

Diamond Shine

  • Creme Hair Colour: 1.0 Natural Black; 3.0 Dark Brown; 3.66 Cherry Red; 4.0 Natural Brown and 4.16 Burgundy

HE: Deodorants

  • Passion
  • Power
  • Force
  • Intense
  • Arctic
  • Lagoon
  • Ruler
  • Innovator
  • Respect
  • Achiever
  • Magic Duo Angel & Demon
  • Magic Duo Yin & Yang

Emami Golden Beauty

  • Talc

Emami Naturally Fair

  • Herbal Fairness Cream

Awards

2018-19

  • The Institute of Internal Auditors India - Calcutta Chapter awarded the Company for its ‘Excellence in Internal Audit Function’ (in the large manufacturing sector category).
  • Emami Foundation’s Ayurveda based ‘Sanjeevani’ CSR project was awarded the ‘Kolkata CSR Leadership Awards 2018’ under the category ‘Concern for Health’.
  • Emami ranks at 18 in the list of top 50 advertisers in 2018 of Pitch magazine. (March, 2019)
  • Emami Limited has been declared as the Winner of 'Golden Peacock Innovative Product/Service Award' for the year 2019 (for ‘Kesh King Oil Applicator’)
  • Emami Limited ranked at 425th position in the Fortune India 500 2018 list from its earlier position of 402nd in 2017. In FMCG sectoral list, Emami has been ranked at 20th position out of 23 companies. (December, 2018)

2019-20

  • Awarded ‘Company of the year- FMCG’ by CNBC-Awaaz for the Company’s outstanding performance on parameters such as growth, capital efficiency and profitability over a period of time
  • Emami Group was conferred with ‘Star of the Year’ at the 10th edition of Think CSR 2019 Award organised by Tefla’s.

Milestones

  • 1974: Two childhood friends Mr RS Agarwal and Mr RS Goenka quit their jobs to start their own business, Emami
  • 1978: Acquired Himani Limited and set up factory in Kolkata
  • 1984: Boroplus Antiseptic Cream launched, under Himani umbrella
  • 1989: Navratna Cool Oil launched, under the Himani name
  • 1989: Set up second factory in Pondicherry
  • 1998: Expanded the distribution network of the company to South India
  • 1998: Emami merged with Himani Limited
  • 1999: Launch of Sona Chandi Chyawanprash
  • 2005: Launch of Fair and Handsome, the first fairness cream for men
  • 2005: Public issue of 50 lac shares, listed with NSE
  • 2006: Introduced Health Care Division
  • 2006: Merged JB Marketing
  • 2008: Successful Zandu Pharmaceuticals acquisition at Rs 730 crore
  • 2009: Demerged Zandu fmcg into Emami
  • 2009: Raised Rs 310 crore through QIP
  • 2010: Crossed net sales of Rs 1000 crore
  • 2010: Exceeded market cap of Rs 5000 crore
  • 2010: Split of shares from Rs 2 to Re 1 per share
  • 2011: Conceived setting up of its first overseas manufacturing unit in Bangladesh.
  • 2012: Signed 4 Olympians & 1 cricketer as brand endorsers for a single brand, Fast Relief
  • 2012: Started production at Bangladesh manufacturing unit
  • 2013: Bonus Issue; exceeded market capitalisation of Rs. 10,000 crore
  • 2013: Launched BoroPlus Face wash. Signed in Sonakshi Sinha for the endorsement
  • 2014: Declared Interim Dividend of Rs 3 /share
  • 2014: Entered the male deodorants space with HE , with brand ambassador, Hrithik Roshan
  • 2014: Launched Fair & Handsome- Instant Fairness Face wash
  • 2014: Launched Zandu Balm Ultra Power
  • 2014: Acquired ‘She Comfort’ brand
  • 2015: Acquired ‘Kesh King’ Business at Rs 1684 crore ( Including duties & taxes)
  • 2015: Acquired controlling stake in Fravin Pty Ltd.
  • 2015: Launched Zandu Gel Balm Junior
  • 2015: Exceeded Market Cap. Of Rs 23,000 crore
  • 2015: Launched 100% pure honey with Zero-added sugar.
  • 2016: Emami introduces Boroplus Perfect Touch to appeal to the Generation Next
  • 2016: Kesh King Introduces Sachet Pack For Its Shampoo
  • 2017: Emami Limited inaugurates its 3rd Manufacturing Unit in Assam
  • 2018: Navratna Oil launches its new winter variant: Navratna Garam Ayurvedic Tel
  • 2019: Bollywood Action Star Tiger Shroff adds 3-Ka-PunchTo Emami's HE Magic Duo
  • 2019: Emami ropes in Superstar Katrina Kaif as the new face for Emami 7 Oils in One
  • 2020: Emami Limited launches Boroplus Advanced Anti-Germ Hand Sanitizer
  • 2020: BoroPlus ropes in Juhi Chawla for its Hygiene Range
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