Jyothy Labs Ltd Stock Analysis

BSE: 532926 | NSE: JYOTHYLAB | Household & Personal Products | Mid Cap

BSE Share Price 06-Feb-2023 18:01
213.60 4.00 (1.91%)

DeciZen - Make an Informed Decision on Jyothy Labs

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Jyothy Labs Price Chart

P/E Ratio ( CD) :
35.90
Market Cap :
7,843.6 Cr.
52-wk low :
130
52-wk high :
218
Bole Toh?

1. Is Jyothy Labs Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jyothy Labs Ltd is a average quality company.

2. Is Jyothy Labs Ltd undervalued or overvalued?

The key valuation ratios of Jyothy Labs Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Jyothy Labs Ltd a good buy now?

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

10 Year X-Ray of Jyothy Labs:

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.
Jyothy Labs Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.5%9.4%9.9%8.6%16.9%11.7%14%12.7%15.3%11.1%-
Value Creation Index -0.6-0.3-0.3-0.40.3-0.10.0-0.10.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1071,3241,5151,5931,6831,6721,8141,7111,9092,1962,416
YoY Gr. Rt. %-19.6%14.4%5.1%5.7%-0.6%8.4%-5.7%11.6%15.1%-
Adj EPS 0.62.23.325.74.35.54.75.94.36
YoY Gr. Rt. %-258.1%49.1%-39.9%186.9%-24.2%27.9%-15.7%25.7%-26.1%-
BVPS (₹) 18.120.320.723.72930.636.133.538.939.341.7
Adj Net Profit 19.880.512072.3208157203172216160218
Cash Flow from Ops. 27.8130166192163242302171402203-
Debt/CF from Ops. 22.74.13.42.43.12.30.91.70.30.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%5.5%6.6%15.1%
Adj EPS 24.1%-5.3%-7.8%-26.1%
BVPS 96.22.91.1
Share Price 11.4% 3.8% 13.8% 52.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.211.715.88.620.914.116.513.416.211.114.7
Op. Profit Mgn % 7.911.810.91415.215.415.514.716.511.311.7
Net Profit Mgn % 1.56.17.94.312.1910.89.610.87.19
Debt to Equity 1.10.70.80.50.50.50.20.20.10.1-
Working Cap Days 1141281301361421541301441301220
Cash Conv. Cycle 212722172131192420160

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Sales growth is good in last 4 quarters at 12.59%

Sales growth has been subdued in last 3 years 6.59%

Net Profit has been subdued in last 3 years -7.82%

Latest Financials - Jyothy Labs Ltd.

Standalone Consolidated
TTM EPS (₹) 6 6
TTM Sales (₹ Cr.) 2,368 2,416
BVPS (₹.) 28.2 41.7
Reserves (₹ Cr.) 998 1,495
P/BV 7.58 5.12
PE 35.37 35.90
From the Market
52 Week Low / High (₹) 130.00 / 218.00
All Time Low / High (₹) 10.51 / 249.00
Market Cap (₹ Cr.) 7,844
Equity (₹ Cr.) 36.7
Face Value (₹) 1
Industry PE 59.4

Management X-Ray of Jyothy Labs :

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 Jyothy Labs

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Jyothy Labs Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jyothy Labs on 06-Feb-2023 18:01 is : 213.6.
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 06-Feb-2023 18:01 the market cap of Jyothy Labs stood at ₹ 7,843.6.
The latest PE ratio of Jyothy Labs as of 06-Feb-2023 18:01 is 35.37.
The latest PB ratio of Jyothy Labs as of 06-Feb-2023 18:01 is 7.58
The 52-week high of Jyothy Labs is ₹ 218.0 and the 52-week low is ₹ 130.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jyothy Labs is ₹ 2,368 ( Cr.) .

About Jyothy Labs Ltd

Jyothy Laboratories Limited began its journey in 1983 with a single product – Ujala Supreme – in the fabric whitener category. The product was woven around a unique proposition. An iconic jingle ‘Aaya naya Ujala, chaar boondo waala’ was created to market this product. The message to the consumer was that now spotlessly clean clothes were possible by using only four drops of Ujala Supreme. Over the years, the company invested in market and product research to diversify into various household product categories such as insecticides, fabric stiffeners and soap, leading to the launch of successful products like Ujala, Maxo and Exo.

A turning point was reached in 2011, with the company’s acquisition of a controlling stake in Henkel India, the local arm of the German FMCG giant Henkel AG & Co. This business association widened the company’s opportunity landscape as consumer business segments of Jyothy Laboratories and this global giant were clubbed. The company’s pan India presence covers many manufacturing facilities and two research and development centres. Most of the company’s plants are proximate to major consumption centres and tax-friendly zones.

Business area of the company

The company is in the business of meeting the everyday needs of consumers by creating well-packaged and technologically advanced products in four segments of the fast-moving consumer goods industry. It has offerings in fabric care, dish wash, household insecticide and personal care. Its brands are household names such as Ujala, Henko, Exo, Pril, Maxo and Margo. It is also in the business of laundry services.

Key product categories

  • Fabric care
  • Dish wash
  • Household insecticides
  • Personal care
  • Laundry services

Awards

  • 2016-17: DQ Vertical Warrior Award for Innovative use of Technology in FMCG Vertical.
  • 2016-17: IDC Insights Award for Excellence in Operations 2016.
  • 2016-17: At Jyothy Laboratories, the year 2016-17 was eventful during which it was recognised for a new product launch and for innovation in IT.
  • 2017-18: Janam Global Excellence Award 2018 presented by Janam TV.
  • 2017-18: Business Reliability Award 2017 presented by Reporter Channel.
  • 2017-18: Malayalee Business Achiever Award 2018 presented by Pegasus Group.
  • 2017-18: IDC Insights Awards 2017 for excellence in operation.
  • 2018-19: Jyothy Labs was conferred with commendation certificate by IMC Ramakrishna Bajaj National Quality Award in the ‘Manufacturing Category’.
  • 2019-20: Jyothy Labs was acknowledged amongst the Top Organisations with Innovative HR Practices at the 18th Edition Asia Pacific HRM Congress.

Milestones

  • 1983: Jyothy Laboratories was started by M P Ramachandran as a proprietary concern in Kerala. Ujala was launched.
  • 1984: Ujala was sold door to door by team of six sales people in the Trichur and Malappuram districts of Kerala.
  • 1986: Jyothy Laboratories releases its first print advertisement in the Kerala-based Mathrubhoomi newspaper.
  • 1987: It also entered in the market of Tamil Nadu.
  • 1992: The company set up factory located at Chennai to manufacture Ujala.
  • 1992: The same year the company was incorporated.
  • 1994: The company set up a plant In Pondicherry.
  • 1995: The company launched Nebula, an oil-based antibacterial washing soap in Kerala
  • 1997: Jyothy Laboratories launches Ujala all over India.
  • 2000: The company launched Maxo (mosquito repellent) in West Bengal. It also launched Exo (antibacterial dish wash bar) in Kerala, Karnataka, Tamil Nadu and Andhra Pradesh.
  • 2001: The company forayed into manufacturing of incense stick business and launched Maya.
  • 2002: JLL acquired Sri Sai Homecare, which has a mosquito coil production facility in Hyderabad.
  • 2002: The company launched Jeeva Ayurvedic Soap
  • 2005: Jyothy launched Xo Liquid and Ujala Stiff and Shine in South India.
  • 2007: The company entered into deed of assignment of trademark and copyright for the More Light and Ruby brands.
  • 2008: JIL launched Ujala Stiff & Shine all over India.
  • 2010: Jyothy Laboratories Ltd launches multi-insect repellent in technological association with DRDO''2011 -  DRDO (Ministry of Defence) ties up with Jyothy Laboratories Ltd to fight insect menace2012 - Jyothy Labs - Henkel India Ltd to merge with Jyothy Laboratories Ltd.
  • 2013: Jyothy Laboratories to set up subsidiary in Bangladesh
  • 2013: Jyothy Laboratories own Emerging India Award for the year 2013
  • 2014: Jyothy Laboratories own Indian Marketing Awards for the year 2014.
  • 2014: Jyothy Laboratories own India Star Packaging Award for the year 2014.
  • 2016: Jyothy Lab gets nod to merge subsidiary with itself.
  • 2017-18: Launched two innovative products in the market - T-Shine and Maxo Incense Sticks, both of which are path-breaking in their respective categories.
  • 2018-19: New Margo Glycerine with goodness of thousand neem leaves and pure glycerine launched
  • 2018-19: Ujala Crisp & Shine ‘Gold Collection‘ launched
  • 2019-20: Launched Margo Handwash and Margo Sanitizer.
  • 2019-20: The company has launched smaller packs of Pril Liquid.
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