Bajaj Consumer Care Ltd - Stock Valuation and Financial Performance

BSE: 533229 | NSE: BAJAJCON | Household & Personal Products | Small Cap

Bajaj Corp Share Price

212.10 -3.45 -1.60%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Bajaj Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Bajaj Consumer Care stock performance -

mw4me loader
P/E Ratio (SA):
18.65
Market Cap:
3,028.7 Cr.
52-wk low:
150.6
52-wk high:
262.8

Is Bajaj Consumer Care Ltd an attractive stock to invest in?

1. Is Bajaj Consumer Care Ltd a good quality company?

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

2. Is Bajaj Consumer Care Ltd undervalued or overvalued?

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

3. Is Bajaj Consumer Care Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bajaj Consumer Care Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bajaj Corp:

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.
Bajaj Consumer Care 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 % 33.7%39.8%46.3%44.8%42.4%45%31.9%30.1%21.3%17%-
Value Creation
Index
1.41.92.42.32.12.31.31.20.50.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 672821796792830909844915878950963
Sales YoY Gr.-22.3%-3.1%-0.5%4.8%9.6%-7.2%8.3%-4%8.2%-
Adj EPS 11.213.715.515.314.815.612.915.111.79.911.4
YoY Gr.-21.9%13.2%-1%-3.4%5.5%-17.7%17.3%-22.4%-15.7%-
BVPS (₹) 35.433.332.93434.332.745.752.956.857.461
Adj Net
Profit
165202229226219230190222173141163
Cash Flow from Ops. 128207192213182183182237133104-
Debt/CF from Ops. 000.10.10.10.10.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.9%2.7%4%8.2%
Adj EPS -1.4%-7.8%-8.5%-15.7%
BVPS5.5%10.9%7.9%1.1%
Share Price -0.2% -7.3% -7.1% 37.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
32.939.846.845.843.446.532.730.521.316.919.2
Op. Profit
Mgn %
27.829.134.533.631.230.624.926.620.314.917
Net Profit
Mgn %
24.624.628.728.626.325.422.524.319.714.816.9
Debt to
Equity
000000.10000-
Working Cap
Days
45383835425674615250142
Cash Conv.
Cycle
-9-8-52-4-6-5-12-18117

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 19.20%

Sales growth has been subdued in last 3 years 4.01%

Net Profit has been subdued in last 3 years -8.47%

Sales growth is not so good in last 4 quarters at 5.51%

Latest Financials - Bajaj Consumer Care Ltd.

Standalone Consolidated
TTM EPS (₹) 11.4 11.2
TTM Sales (₹ Cr.) 963 980
BVPS (₹.) 61 58.7
Reserves (₹ Cr.) 856 823
P/BV 3.48 3.62
PE 18.65 18.89
From the Market
52 Week Low / High (₹) 150.55 / 262.75
All Time Low / High (₹) 73.30 / 525.00
Market Cap (₹ Cr.) 3,029
Equity (₹ Cr.) 14.3
Face Value (₹) 1
Industry PE 56.3

Management X-Ray of Bajaj Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bajaj Corp

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
Sales672821796792830909844915878950
Operating Expenses 485582521529577638634673700811
Manufacturing Costs1051311515191825262523
Material Costs175198297268273301273329370437
Employee Cost 34384659759484828787
Other Costs 171215163188209225253236219264
Operating Profit 187239274263253271210241179139
Operating Profit Margin (%) 27.8%29.1%34.5%33.2%30.5%29.8%24.9%26.4%20.3%14.6%
Other Income 40322942302530373940
Interest 6001114111
Depreciation 4445775658
Exceptional Items -29-47-47-18000000
Profit Before Tax 189219252281275288231271211169
Tax 38465460596240473730
Profit After Tax 150173198221216226191224175140
PAT Margin (%) 22.4%21.1%24.9%27.9%26.1%24.9%22.6%24.4%19.9%14.7%
Adjusted EPS (₹)10.211.813.415.014.715.312.915.211.89.8
Dividend Payout Ratio (%)64%98%86%77%82%91%15%66%68%51%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 522492486502505482674781837818
Share Capital 15151515151515151514
Reserves 507477471487491467660766823804
Minority Interest0000000000
Debt001015132520500
Long Term Debt0000000000
Short Term Debt001015132520500
Trade Payables41514340687281694545
Others Liabilities 19272836304260617387
Total Liabilities 582570567592617622835916955950

Fixed Assets

Gross Block201202116128132133135138145160
Accumulated Depreciation419251748186909599105
Net Fixed Assets1601106554514845434655
CWIP 1110689711
Investments 211238369455432389590729771742
Inventories39395042435962425550
Trade Receivables8122326394129262031
Cash Equivalents 129134541013141191214
Others Assets333746336389594957
Total Assets 582570567592617622835916955950

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 128207192213182183182237133104
PBT 217266299299275288231271211169
Adjustment -36-27-24-34-16-7-19-29-32-26
Changes in Working Capital -1414-296-18-361841-14-10
Tax Paid -39-46-53-59-59-61-48-46-33-30
Cash Flow From Investing Activity 2-202-123661-176-106-558
Capex -147-1-7-11-9-4-3-2-2-6
Net Investments 111-42-2-72655-196-137-2433
Others 3822126191023322131
Cash Flow From Financing Activity -112-204-194-200-216-238-9-134-124-163
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1-1-1-4-1-10
Dividend Paid -96-170-170-170-177-2070-118-118-59
Others -16-34-25-30-38-31-5-15-5-103
Net Cash Flow 17-16-1126-4-34-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)29.9134.1940.544.7542.9545.7932.9530.7321.5816.89
ROCE (%)38.6743.2851.0155.6653.3356.2438.9536.726.1420.53
Asset Turnover Ratio1.181.431.41.371.371.471.161.040.941
PAT to CFO Conversion(x)0.851.20.970.960.840.810.951.060.760.74
Working Capital Days
Receivable Days54811141615111010
Inventory Days20172121192026212020
Payable Days938458577285102835638

Bajaj Consumer Care Ltd Stock News

Bajaj Consumer Care Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Corp on 28-Mar-2024 16:01 is ₹212.1.
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 16:01 the market cap of Bajaj Corp stood at ₹3,028.7.
The latest P/E ratio of Bajaj Corp as of 28-Mar-2024 16:01 is 18.65.
The latest P/B ratio of Bajaj Corp as of 28-Mar-2024 16:01 is 3.48.
The 52-week high of Bajaj Corp is ₹262.8 and the 52-week low is ₹150.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Corp is ₹962.7 ( Cr.) .

About Bajaj Consumer Care Ltd

Bajaj Consumer Care Ltd (BCCL) is part of Bajaj Group which has interests in varied industries including Sugar, Consumer Goods, Power Generation and Infrastructure Development. Bajaj Consumer Care is the second largest company in the Shishir Bajaj Group of companies. The history of Bajaj Consumer Care dates back to 1953 when Mr. Kamalnayan Bajaj established Bajaj Sevashram to market and sell hair oils and other beauty products.

At Bajaj Consumer Care, established distribution network provides the required strength for future growth in existing as well as new products. This is supported by the strong brand recall of ‘Bajaj’ both in the rural and urban markets. This also takes into consideration strong management, its experience in the FMCG industry and strong promoter background. The company has also been able to identify its consumer profiles (urban and rural) and continue to improvise its distribution systems in order to have greater reach and vialibility.

Overseas business of the company is constantly increasing its global footprints with focus on international business. The company market its personal care brands in many countries, with primary focus in SAARC, Gulf & Middle-East, ASEAN and African regions. The company has GMP certified manufacturing units in India and abroad to deliver products apposite to meet the diverse needs and preferences of consumers in different markets.

The company has registered subsidiary offices in UAE & Bangladesh to ensure focused business attention to the region & country. It is in continuous endeavor to strengthen the International Business in terms of increased penetration, accessibility & availability of its brands to the consumers of each and every market it operates in.

Business area of the company

Bajaj Consumer Care Ltd. is one of the leading player in Hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil. The company’s flagship Brand Bajaj Almond Drops Hair oil is the No. 1 hair oil in Indian market with Premium positioning and commands one of the highest per unit price in the industry. The company manufactures and markets other major brands i.e Bajaj Brahmi Amla, Bajaj Amla Shikakai and Bajaj Jasmine Hair Oil and also markets oral care products under the brand name Bajaj Red/Kala Dant Manjan.

Brands

Hair Care

  • Bajaj Almond Drops Hair Oil
  • Bajaj Cool Almond Drops Hair Oil
  • Bajaj Brahmi Amla Hair Oil
  • Bajaj Amla Hair Oil
  • Bajaj Jasmine Hair Oil
  • Bajaj Coco Jasmine Hair Oil
  • Bajaj Kailash Parbat Hair Oil

Skin Care

  • Bajaj Nomarks Cream
  • Bajaj Nomarks Face Wash
  • Bajaj Nomarks Scrub
  • Bajaj Nomarks Wet Face Pack
  • Bajaj Nomarks SunScreen
  • Bajaj Nomarks Soap

List of ISO Certifications

The following manufacturing facilities of the Company have been awarded the prestigious ISO certification in respect of quality management systems, environment management systems and occupational health and safety:

GUWAHATI PLANT, ASSAM

  • ISO: 9001: 2015 - Quality Management System
  • ISO: 14001: 2015 - Environment Management System
  • OHSAS 18001: 2007 - Occupational Health and Safety.

POANTA SAHIB PLANT, HIMACHAL PRADESH

  • ISO: 9001: 2015 - Quality Management System
  • ISO: 14001: 2015 - Environment Management System
  • OHSAS 18001: 2007 - Occupational Health and Safety.

DEHRADUN PLANT, UTTARAKHAND

  • ISO: 9001: 2015 - Quality Management System
  • ISO: 14001: 2015 - Environment Management System
  • OHSAS 18001: 2007 - Occupational Health and Safety.

DEHRADUN WAREHOUSE

  • ISO: 9001: 2015 - Quality Management System

AMBALA WAREHOUSE

  • ISO: 9001: 2015 - Quality Management System

Awards and recognitions

  • 2017-18: Bajaj Almond Drops hair oil gets recognized as one of Asia’s Most Valuable Business Brands - 2018
  • 2018-19: BCCL has been awarded the “Best Company in FMCG Sector” in March 2019 by CNBC Awaaz
  • 2018-19: The company’s Manufacturing Operations team won three Gold Awards in the 8th Convention on Quality Concepts and an “Excellence Award” in 32nd National Convention on Quality Concepts
  • 2019-20: BCCL was also recognized as “Maharashtra State’s Best Employer” and also won the “Best Employee Engagement Initiatives” award during an event organized by World HRD Congress at Mumbai
  • 2019-20: The company’s manufacturing team participated in the IMC Ramakrishna Bajaj National Quality (RBNQ) awards and won the “Certificate of Merit”
  • 2019-20: The company awarded “Par-Excellence and Excellence awards” at the 33rd National Convention on Quality Concepts, NCQC-Varanasi.
  • 2019-20: The Greentech Foundation, Delhi conferred BCCL the “Winner’s Award” during the 19th Annual Greentech Environment Excellence Awards 2019 from Greentech Foundation, Delhi.
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