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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Emami Ltd

About the Company - Emami Ltd

Emami Ltd. is a Public Limited Listed company incorporated on 11/03/1983 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L63993WB1983PLC036030 and registration number is 036030. Currently Company is involved in the business activities of Manufacture of `ayurvedic’ or `unani’ pharmaceutical preparation. Company’s Total Operating Revenue is Rs. 2866.87 Cr. and Equity Capital is Rs. 44.12 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal CareEmami Tower, Kolkata West Bengal 700107investors@emamigroup.com
http://www.emamiltd.in
Management
NamePosition Held
Mr. R S AgarwalChairman Emeritus
Mr. R S GoenkaNon Executive Chairman
Mr. Harsha V AgarwalVice Chairman & Mng.Director
Mr. Mohan GoenkaVice Chairman & Whole Time Dir
Mr. Sushil K GoenkaWhole Time Director
Mrs. Priti A SurekaWhole Time Director
Mr. Prashant GoenkaWhole Time Director
Mr. Aditya V AgarwalNon Executive Director
Mr. C K DhanukaIndependent Director
Ms. Mamta BinaniIndependent Director
Mr. Rajiv KhaitanIndependent Director
Ms. Avani V DavdaIndependent Director
Mr. Anjan ChatterjeeIndependent Director
Mr. Anjani Kumar AgrawalIndependent Director
Mr. Debabrata SarkarIndependent Director
Mr. Anand RathiIndependent Director

Emami Ltd. Share Price Update

Share PriceValue
Today₹452.90
Previous Day₹458.15

Basic Stock Data of Emami Ltd

Last Updated: April 6, 2024, 9:43 am

Market Cap 19,642 Cr.
Current Price 446
High / Low589/354
Stock P/E27.2
Book Value 54.6
Dividend Yield1.79 %
ROCE28.0 %
ROE28.3 %
Face Value 1.00

Data Source: screener.in

Emami Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales735934731661787971770773814983836826865
Expenses479594569493514633612604621689636636632
Operating Profit256339161168273338158169193294199190233
OPM %35%36%22%25%35%35%21%22%24%30%24%23%27%
Other Income894611381725642714811
Interest2151122222122
Depreciation115948383848483884847644646
Profit before tax147253120952262699885186251148150196
Tax %19%17%27%18%18%18%-262%14%3%7%4%9%8%
Net Profit118209887818522035473180233142137180
EPS in Rs2.664.701.971.754.174.958.071.674.175.383.273.124.05

Emami Ltd Quarterly Chart

Emami Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3701,5951,7002,0762,3582,4882,5312,6952,6552,8813,1873,4063,523
Expenses1,0961,2521,2551,5361,6701,7291,8121,9701,9702,0002,2492,5502,587
Operating Profit274343445541688759719725685880938855936
OPM %20%22%26%26%29%31%28%27%26%31%29%25%27%
Other Income58545391443119254669906944
Interest15755545834212113578
Depreciation19223534255309311325336367335247202
Profit before tax299369457592423424393403374569688670769
Tax %13%15%12%18%14%20%22%25%19%20%-22%6%
Net Profit259315402485363340306303302455837627719
EPS in Rs5.706.938.8710.708.007.506.776.686.6710.2319.0214.5016.31
Dividend Payout %47%38%39%33%44%47%52%60%60%78%42%55%

Emami Ltd Profit & Loss Yearly Chart

Emami Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:6%
3 Years:9%
TTM:5%
Compounded Profit Growth
10 Years:7%
5 Years:11%
3 Years:28%
TTM:-15%
Stock Price CAGR
10 Years:7%
5 Years:3%
3 Years:-4%
1 Year:27%
Return on Equity
10 Years:27%
5 Years:25%
3 Years:31%
Last Year:28%

Emami Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15152323232323454544444444
Reserves6927629091,2081,5891,7321,9912,0311,7781,7182,0322,2592,362
Borrowings156115383667147332611021010128291107
Other Liabilities315324333410409376458633644656692703806
Total Liabilities1,1771,2161,3021,6762,6922,6032,7982,8192,6782,5203,0503,0963,319
Fixed Assets4083973964531,9181,9941,8021,6801,4591,1321,3441,2451,176
CWIP774712296722303686363
Investments80163296501104128314187156255303293434
Other Assets6126095996936044606529151,0551,1261,4001,5511,706
Total Assets1,1771,2161,3021,6762,6922,6032,7982,8192,6782,5203,0503,0963,319

Emami Ltd Reserves and Borrowings Chart

Emami Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 343323428534562730588554531922644749
Cash from Investing Activity -133-130-140-237-1,313-306-276-26-231-224-234-122
Cash from Financing Activity -145-188-301-215502-496-324-428-405-688-402-608
Net Cash Flow655-1382-249-72-12100-1069819

Emami Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days272617182014222942293744
Inventory Days6558765968838788102118122100
Days Payable6152779011285109115135138139126
Cash Conversion Cycle313216-13-2412129101918
Working Capital Days-7-7-6-133-371593693137
ROCE %35%42%50%61%30%23%22%19%18%29%31%28%

Emami Ltd Financial Efficiency Indicators Chart

Emami Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.86%53.86%53.86%53.86%53.86%54.27%54.27%54.27%54.27%54.27%54.52%54.84%
FIIs9.62%10.52%12.49%12.71%12.52%12.72%11.47%11.25%11.14%11.01%11.46%11.90%
DIIs27.37%26.39%24.48%24.17%25.49%24.32%26.47%27.02%27.02%26.92%26.22%25.21%
Public9.16%9.24%9.17%9.26%8.14%8.69%7.80%7.47%7.58%7.81%7.81%8.05%
No. of Shareholders87,15282,09081,50882,19383,25786,24289,97185,46090,28597,04389,95579,216

Emami Ltd Shareholding Pattern Chart

No. of Emami Ltd Shareholders

Emami Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Mid Cap Fund96721043.41493.18
HDFC Mid-Cap Opportunities Fund - Regular Plan68694850.73350.28
Mirae Asset Emerging Bluechip Fund59149121.07301.6
Kotak Emerging Equity Fund - Regular Plan57801270.87294.73
SBI Large & Midcap Fund47000001.53239.65
DSP Tax Saver Fund38597411.68196.81
Aditya Birla Sun Life Frontline Equity Fund36774740.82187.51
Franklin India Prima Fund36762252.21187.45
Mirae Asset Midcap Fund36198391.57184.58
DSP Flexi Cap Fund35420282.04180.61

Emami Ltd ROCE Trend

Emami Ltd EPS Trend

Emami Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)14.5018.8810.236.676.68
Diluted EPS (Rs.)14.5018.8810.236.676.68
Cash EPS (Rs.)20.0026.8818.5814.2313.88
Book Value[Excl.RevalReserv]/Share (Rs.)52.4347.0239.6340.2245.73
Book Value[Incl.RevalReserv]/Share (Rs.)52.4347.0239.6340.2245.73
Revenue From Operations / Share (Rs.)77.2072.3664.8058.5859.32
PBDIT / Share (Rs.)21.1223.7521.4516.5016.79
PBIT / Share (Rs.)15.5116.1613.199.089.62
PBT / Share (Rs.)15.3515.9312.898.388.94
Net Profit / Share (Rs.)14.3919.3010.326.806.71
NP After MI And SOA / Share (Rs.)14.5019.0210.236.686.68
PBDIT Margin (%)27.3532.8133.0928.1628.30
PBIT Margin (%)20.0922.3320.3515.4916.22
PBT Margin (%)19.8722.0119.8914.2915.06
Net Profit Margin (%)18.6426.6615.9311.6111.31
NP After MI And SOA Margin (%)18.7726.2815.7811.4011.26
Return on Networth / Equity (%)27.7740.4025.7916.6014.60
Return on Capital Employeed (%)28.6833.2832.2221.8020.38
Return On Assets (%)20.5627.4418.0411.3010.74
Total Debt / Equity (X)0.030.120.050.110.05
Asset Turnover Ratio (%)1.001.071.040.900.92
Current Ratio (X)1.781.171.611.301.25
Quick Ratio (X)1.320.781.180.990.92
Inventory Turnover Ratio (X)2.432.722.653.173.65
Dividend Payout Ratio (NP) (%)55.1842.3878.20119.8852.39
Dividend Payout Ratio (CP) (%)39.7930.2943.2756.8025.27
Earning Retention Ratio (%)44.8257.6221.80-19.8847.61
Cash Earning Retention Ratio (%)60.2169.7156.7343.2074.73
Interest Coverage Ratio (X)126.05206.5171.8335.5835.61
Interest Coverage Ratio (Post Tax) (X)86.90169.8335.5816.1815.70
Enterprise Value (Cr.)0.0019900.1021407.377794.3918063.66
EV / Net Operating Revenue (X)0.006.237.432.946.71
EV / EBITDA (X)0.0019.0022.4610.4323.70
MarketCap / Net Operating Revenue (X)0.006.197.532.906.74
Retention Ratios (%)44.8157.6121.79-19.8847.60
Price / BV (X)0.009.5112.304.228.75
Price / Net Operating Revenue (X)0.006.197.532.906.74
EarningsYield0.000.040.020.030.01

Emami Ltd Profitability Ratios (%)

Emami Ltd Liquidity Ratios

Emami Ltd Liquidity Ratios (%)

Emami Ltd Interest Coverage Ratios (%)

Emami Ltd Valuation Ratios

Fair Value of Emami Ltd Stock

Fair Value: 427.81

The stock is overvalued by 4.08% compared to the current price ₹446

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.

*Investments are subject to market risks

Strength and Weakness of Emami Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 32.33%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 5.83, which is a positive sign.
  3. The company has higher reserves (1,620.23 cr) compared to borrowings (208.92 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.00 cr) and profit (494.62 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 9.42, which may not be favorable.

FAQ

What is the latest fair value of Emami Ltd?

The latest fair value of Emami Ltd is 427.81.

What is the Market Cap of Emami Ltd?

The Market Cap of Emami Ltd is 19,642 Cr..

What is the current Stock Price of Emami Ltd as on 13 April 2024?

The current stock price of Emami Ltd as on 13 April 2024 is 446.

What is the High / Low of Emami Ltd stocks in FY 2024?

In FY 2024, the High / Low of Emami Ltd stocks is ₹589/354.

What is the Stock P/E of Emami Ltd?

The Stock P/E of Emami Ltd is 27.2.

What is the Book Value of Emami Ltd?

The Book Value of Emami Ltd is 54.6.

What is the Dividend Yield of Emami Ltd?

The Dividend Yield of Emami Ltd is 1.79 %.

What is the ROCE of Emami Ltd?

The ROCE of Emami Ltd is 28.0 %.

What is the ROE of Emami Ltd?

The ROE of Emami Ltd is 28.3 %.

What is the Face Value of Emami Ltd?

The Face Value of Emami 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 Emami 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