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Last Updated on: 20 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Bajaj Consumer Care Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 7:25 pm

Market Cap 2,997 Cr.
Current Price 210
High / Low289/200
Stock P/E21.3
Book Value 48.5
Dividend Yield1.43 %
ROCE22.8 %
ROE18.8 %
Face Value 1.00
PEG Ratio-9.67

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajaj Consumer Care Ltd

Competitors of Bajaj Consumer Care Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honasa Consumer Ltd 8,609 Cr. 264547/242114 35.50.00 %17.1 %% 10.0
Ambica Agarbathies Aroma & Industries Ltd 49.6 Cr. 30.243.2/23.233.1 60.60.00 %5.07 %3.65 % 10.0
Ador Multi Products Ltd 15.4 Cr. 33.045.9/30.1 23.20.00 %33.6 %26.7 % 10.0
Kaya Ltd 473 Cr. 360702/267 1060.00 %80.4 %% 10.0
Jyothy Labs Ltd 14,861 Cr. 405596/36739.6 51.40.86 %27.0 %21.2 % 1.00
Industry Average73,233.07 Cr2,187.4954.24103.770.69%36.77%29.68%4.94

All Competitor Stocks of Bajaj Consumer Care Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales227248249217216229218249232230249270235
Expenses164186187164168190184213202197208222198
Operating Profit62626252483935363132424837
OPM %28%25%25%24%22%17%16%15%13%14%17%18%16%
Other Income896810101171010101111
Interest0000100000000
Depreciation2221111222222
Profit before tax69706659564744413840495645
Tax %18%18%17%17%18%18%18%17%17%18%18%17%18%
Net Profit57575549473836343233404637
EPS in Rs3.863.883.713.313.152.602.432.302.152.252.803.242.61

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales468600665817800797828918852922880961994
Expenses351428479578526533575644647678706820831
Operating Profit117172186239274264254274205243174141162
OPM %25%29%28%29%34%33%31%30%24%26%20%15%16%
Other Income374012-15-182124173035393743
Interest0060011141111
Depreciation34455577665910
Profit before tax151208187219250278270283225270206169195
Tax %21%20%20%21%22%22%22%22%18%17%18%18%
Net Profit120166149173196218211222185223170139160
EPS in Rs8.1411.2710.1011.7113.3214.8014.3115.0212.5215.1211.509.6311.20
Dividend Payout %49%58%64%98%86%78%84%93%16%66%70%51%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)38.33%-10.24%16.11%13.29%11.22%-3.21%5.21%-16.67%20.54%-23.77%-18.24%
Change in YoY Net Profit Growth (%)0.00%-48.57%26.35%-2.81%-2.07%-14.44%8.42%-21.88%37.21%-44.31%5.53%

Bajaj Consumer Care Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:1%
3 Years:2%
TTM:-3%
Compounded Profit Growth
10 Years:-1%
5 Years:-8%
3 Years:-12%
TTM:-10%
Stock Price CAGR
10 Years:-4%
5 Years:-2%
3 Years:2%
1 Year:-6%
Return on Equity
10 Years:32%
5 Years:24%
3 Years:19%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:38 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15151515151515151515141414
Reserves468504474466479478453638742795775816679
Borrowings000101513252050996
Other Liabilities7360797580102113141132122125144132
Total Liabilities555579568566590608605815894931924984831
Fixed Assets121236185139162158154151149152160158157
CWIP111101522272528282828
Investments183157184275339307251446585612575586396
Other Assets25018619915190127178191135140161212251
Total Assets555579568566590608605815894931924984831

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +123126207193212180176179237129101116
Cash from Investing Activity +-103-196-153768-173-10606412
Cash from Financing Activity +-111-112-204-194-200-216-238-9-134-124-163-120
Net Cash Flow217-165-316-3-3529

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow117.00172.00186.00239.00264.00249.00241.00249.00185.00238.00174.00132.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6561213141511981216
Inventory Days518272615863738448574346
Days Payable7084955355928710876453733
Cash Conversion Cycle-132-162016-151-13-20191730
Working Capital Days-7-2-72-241914-4168
ROCE %44%43%52%60%57%53%58%39%38%26%21%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters38.04%38.04%38.04%38.04%38.04%38.04%39.16%39.35%39.35%39.35%39.30%39.30%
FIIs24.44%18.83%17.55%14.82%12.08%11.31%11.71%12.75%14.76%14.41%14.10%14.15%
DIIs13.83%14.67%12.62%12.92%17.46%18.62%19.47%16.97%17.42%17.17%17.47%17.50%
Public23.69%28.46%31.79%34.22%32.43%32.03%29.66%30.95%28.47%29.06%29.12%29.05%
No. of Shareholders1,25,2751,57,3241,71,9291,82,2771,81,1481,76,4181,63,3591,55,4571,39,1941,40,5111,37,1581,44,641

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan9,432,6350.91212.429,432,6352024-11-180%
Nippon India Small Cap Fund6,681,2670.4150.469,432,6352024-11-18-29.17%
Nippon India Multi Cap Fund2,712,1830.2961.089,432,6352024-11-18-71.25%
HDFC Multi Cap Fund1,164,8690.326.239,432,6352024-11-18-87.65%
ICICI Prudential FMCG Fund - Dividend364,6680.578.219,432,6352024-11-18-96.13%
ICICI Prudential FMCG Fund - Growth364,6680.578.219,432,6352024-11-18-96.13%
Bandhan Hybrid Equity Fund200,0000.724.59,432,6352024-11-18-97.88%
LIC MF Focused 30 Equity Fund110,9581.972.59,432,6352024-11-18-98.82%
LIC MF Dividend Yield Fund83,0262.071.879,432,6352024-11-18-99.12%
Motilal Oswal Nifty Microcap 250 Index Fund72,2320.421.639,432,6352024-11-18-99.23%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)10.899.4811.5015.1212.52
Diluted EPS (Rs.)10.899.4711.4915.1212.52
Cash EPS (Rs.)11.5810.3611.8415.5512.92
Book Value[Excl.RevalReserv]/Share (Rs.)58.1755.3654.8851.3244.27
Book Value[Incl.RevalReserv]/Share (Rs.)58.1755.3654.8851.3244.27
Revenue From Operations / Share (Rs.)68.9267.3659.6462.4857.76
PBDIT / Share (Rs.)14.0012.5014.4118.8415.93
PBIT / Share (Rs.)13.3111.9014.0618.4215.54
PBT / Share (Rs.)13.2411.8313.9918.3215.25
Net Profit / Share (Rs.)10.899.7611.5015.1212.52
NP After MI And SOA / Share (Rs.)10.899.7611.5015.1212.52
PBDIT Margin (%)20.3118.5524.1530.1527.58
PBIT Margin (%)19.3117.6623.5729.4726.89
PBT Margin (%)19.2017.5623.4629.3226.40
Net Profit Margin (%)15.7914.4819.2724.2021.68
NP After MI And SOA Margin (%)15.7914.4819.2724.2021.68
Return on Networth / Equity (%)18.7117.6220.9529.4728.28
Return on Capital Employeed (%)22.6421.2325.5135.8335.09
Return On Assets (%)15.8015.0618.2124.9622.68
Total Debt / Equity (X)0.000.000.000.010.03
Asset Turnover Ratio (%)1.031.010.951.061.17
Current Ratio (X)5.495.866.325.293.92
Quick Ratio (X)5.105.455.844.973.53
Inventory Turnover Ratio (X)4.654.734.984.424.36
Dividend Payout Ratio (NP) (%)0.0042.3969.5852.890.00
Dividend Payout Ratio (CP) (%)0.0039.9467.5651.450.00
Earning Retention Ratio (%)0.0057.6130.4247.110.00
Cash Earning Retention Ratio (%)0.0060.0632.4448.550.00
Interest Coverage Ratio (X)197.03183.14210.59202.1155.35
Interest Coverage Ratio (Post Tax) (X)154.15144.01169.07163.2344.51
Enterprise Value (Cr.)2984.312147.602394.143829.741967.36
EV / Net Operating Revenue (X)3.032.232.724.152.31
EV / EBITDA (X)14.9212.0511.2613.788.37
MarketCap / Net Operating Revenue (X)3.082.252.744.162.30
Retention Ratios (%)0.0057.6030.4147.100.00
Price / BV (X)3.652.742.975.063.00
Price / Net Operating Revenue (X)3.082.252.744.162.30
EarningsYield0.050.060.070.050.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajaj Consumer Care Ltd as of November 20, 2024 is: 196.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 20, 2024, Bajaj Consumer Care Ltd is Overvalued by 6.20% compared to the current share price 210.00

Intrinsic Value of Bajaj Consumer Care Ltd as of November 20, 2024 is: 192.65

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 20, 2024, Bajaj Consumer Care Ltd is Overvalued by 8.26% compared to the current share price 210.00

Last 5 Year EPS CAGR: -2.20%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 42.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 2.67, which is a positive sign.
  3. The company has higher reserves (597.46 cr) compared to borrowings (8.62 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (807.85 cr) and profit (223.92 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 2.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajaj Consumer Care Ltd:
    1. Net Profit Margin: 15.79%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 22.64% (Industry Average ROCE: 36.77%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.71% (Industry Average ROE: 25.97%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 154.15
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.1
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.3 (Industry average Stock P/E: 44.07)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bajaj Consumer Care Ltd. is a Public Limited Listed company incorporated on 25/04/2006 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L01110RJ2006PLC047173 and registration number is 047173. Currently Company is involved in the business activities of Manufacture of hair oil, shampoo, hair dye etc. (includes manufacture of shampoos, hair sprays, hair fixers, hair oils, hair creams, hair dyes and bleaches and preparations for permanent waving or straightening of the hair etc.). Company’s Total Operating Revenue is Rs. 878.37 Cr. and Equity Capital is Rs. 14.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal CareOld Station Road, Sevashram Chouaha, Udaipur Rajasthan 313001complianceofficer@bajajconsumer.com
http://www.bajajconsumercare.com
Management
NamePosition Held
Mr. Kushagra Nayan BajajNon Executive Chairman
Mr. Jaideep NandiManaging Director
Mr. Sumit MalhotraNon Exe.Non Ind.Director
Ms. Lilian Jessie PaulIndependent Director
Mr. Gaurav DalmiaIndependent Director
Mr. Dilip CherianIndependent Director
Mr. Aditya Vikram Ramesh SomaniIndependent Director

FAQ

What is the latest intrinsic value of Bajaj Consumer Care Ltd?

The latest intrinsic value of Bajaj Consumer Care Ltd as on 20 November 2024 is ₹196.99, which is 6.20% lower than the current market price of ₹210.00.

What is the Market Cap of Bajaj Consumer Care Ltd?

The Market Cap of Bajaj Consumer Care Ltd is 2,997 Cr..

What is the current Stock Price of Bajaj Consumer Care Ltd as on 20 November 2024?

The current stock price of Bajaj Consumer Care Ltd as on 20 November 2024 is ₹210.

What is the High / Low of Bajaj Consumer Care Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bajaj Consumer Care Ltd stocks is 289/200.

What is the Stock P/E of Bajaj Consumer Care Ltd?

The Stock P/E of Bajaj Consumer Care Ltd is 21.3.

What is the Book Value of Bajaj Consumer Care Ltd?

The Book Value of Bajaj Consumer Care Ltd is 48.5.

What is the Dividend Yield of Bajaj Consumer Care Ltd?

The Dividend Yield of Bajaj Consumer Care Ltd is 1.43 %.

What is the ROCE of Bajaj Consumer Care Ltd?

The ROCE of Bajaj Consumer Care Ltd is 22.8 %.

What is the ROE of Bajaj Consumer Care Ltd?

The ROE of Bajaj Consumer Care Ltd is 18.8 %.

What is the Face Value of Bajaj Consumer Care Ltd?

The Face Value of Bajaj Consumer Care Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Consumer Care Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE