Jyothy Labs Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:19 am

Market Cap	13,803 Cr.
Current Price	376
High / Low	596/367
Stock P/E	36.7
Book Value	51.4
Dividend Yield	0.93 %
ROCE	27.0 %
ROE	21.2 %
Face Value	1.00
PEG Ratio	2.72

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Honasa Consumer Ltd	8,436 Cr.	260	547/222	112	35.5	0.00 %	17.1 %	%	10.0
Ambica Agarbathies Aroma & Industries Ltd	53.2 Cr.	31.0	43.2/23.2	35.5	60.6	0.00 %	5.07 %	3.65 %	10.0
Ador Multi Products Ltd	14.5 Cr.	31.0	45.9/27.6		23.2	0.00 %	33.6 %	26.7 %	10.0
Kaya Ltd	485 Cr.	370	702/267		106	0.00 %	80.4 %	%	10.0
Jyothy Labs Ltd	13,803 Cr.	376	596/367	36.7	51.4	0.93 %	27.0 %	21.2 %	1.00
Industry Average	70,915.79 Cr	2,141.78		53.05	103.86	0.72%	36.43%	29.37%	4.94

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	525	585	539	547	597	659	613	617	687	732	678	660	742
Expenses	462	519	478	489	537	579	528	526	570	597	559	552	608
Operating Profit	63	67	61	57	60	80	84	91	117	135	119	108	133
OPM %	12%	11%	11%	10%	10%	12%	14%	15%	17%	18%	18%	16%	18%
Other Income	5	5	4	6	13	12	15	6	17	13	11	13	14
Interest	3	3	3	3	3	3	3	3	1	1	1	1	1
Depreciation	14	14	14	15	13	13	12	12	12	12	13	13	13
Profit before tax	50	55	47	45	57	76	84	82	121	135	115	107	132
Tax %	20%	19%	20%	17%	16%	14%	20%	28%	21%	23%	21%	27%	23%
Net Profit	40	44	38	37	48	65	67	59	96	104	91	78	102
EPS in Rs	1.12	1.21	1.05	1.03	1.32	1.76	1.84	1.61	2.62	2.84	2.48	2.13	2.77

Last Updated: October 9, 2024, 6:18 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 9, 2024, 6:18 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,107	1,324	1,515	1,593	1,683	1,672	1,814	1,711	1,909	2,196	2,486	2,757	2,812
Expenses	1,028	1,170	1,350	1,370	1,428	1,415	1,532	1,460	1,594	1,948	2,170	2,277	2,316
Operating Profit	79	154	164	223	255	257	282	251	315	248	316	480	496
OPM %	7%	12%	11%	14%	15%	15%	16%	15%	16%	11%	13%	17%	18%
Other Income	13	8	6	13	10	62	27	16	-5	19	47	54	51
Interest	68	55	14	62	56	48	35	33	19	12	13	5	5
Depreciation	22	24	33	31	30	31	31	53	56	58	50	50	51
Profit before tax	1	82	125	143	179	241	243	182	235	197	299	479	490
Tax %	-1,199%	1%	3%	48%	-14%	26%	19%	10%	19%	19%	20%	23%
Net Profit	16	81	121	74	204	179	198	163	191	159	240	369	375
EPS in Rs	0.61	2.25	3.35	2.16	5.73	5.12	5.59	4.64	5.43	4.41	6.53	10.06	10.22
Dividend Payout %	205%	67%	60%	116%	52%	5%	54%	65%	74%	57%	46%	35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	406.25%	49.38%	-38.84%	175.68%	-12.25%	10.61%	-17.68%	17.18%	-16.75%	50.94%	53.75%
Change in YoY Net Profit Growth (%)	0.00%	-356.87%	-88.23%	214.52%	-187.93%	22.87%	-28.29%	34.85%	-33.93%	67.70%	2.81%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	9%
3 Years:	13%
TTM:	6%

Compounded Profit Growth
10 Years:	16%
5 Years:	13%
3 Years:	19%
TTM:	15%

Stock Price CAGR
10 Years:	12%
5 Years:	20%
3 Years:	39%
1 Year:	-22%

Return on Equity
10 Years:	15%
5 Years:	15%
3 Years:	16%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:33 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	18	18	18	18	18	37	37	37	37	37	37	37
Reserves	622	716	762	883	1,071	1,126	1,290	1,192	1,392	1,407	1,512	1,772	1,849
Borrowings	630	534	569	451	498	544	281	283	168	171	47	51	56
Other Liabilities	250	386	468	417	266	291	335	325	359	408	466	542	584
Total Liabilities	1,518	1,654	1,817	1,770	1,853	1,979	1,942	1,836	1,956	2,023	2,062	2,401	2,526
Fixed Assets	1,062	1,094	1,074	1,068	1,097	1,091	1,101	1,149	1,147	1,122	1,116	1,125	1,129
CWIP	7	4	16	8	9	15	14	24	10	8	15	13	16
Investments	2	61	194	86	28	113	104	0	0	0	0	192	288
Other Assets	447	494	533	608	719	760	723	662	799	893	930	1,071	1,093
Total Assets	1,518	1,654	1,817	1,770	1,853	1,979	1,942	1,836	1,956	2,023	2,062	2,401	2,526

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	28	130	166	192	163	242	302	171	402	203	329	458
Cash from Investing Activity +	-28	-91	-26	108	-17	-74	30	72	-129	-32	-48	-344
Cash from Financing Activity +	-24	37	-18	-302	-130	-145	-318	-304	-216	-167	-251	-135
Net Cash Flow	-25	76	123	-2	16	23	13	-60	57	4	30	-21

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-551.00	-380.00	-405.00	-228.00	-243.00	-287.00	1.00	-32.00	147.00	77.00	269.00	429.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	27	18	14	22	25	35	31	26	18	24	20	27
Inventory Days	108	91	87	81	80	79	76	91	101	85	77	74
Days Payable	77	59	62	70	61	63	67	53	69	67	55	72
Cash Conversion Cycle	57	51	39	32	45	51	40	65	49	41	42	29
Working Capital Days	-2	16	-32	-114	-75	-26	10	20	18	23	15	43
ROCE %	6%	11%	10%	15%	16%	15%	17%	14%	18%	13%	18%	27%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%	62.89%
FIIs	12.23%	9.94%	10.89%	11.47%	12.80%	13.37%	13.77%	13.97%	14.62%	14.65%	16.43%	15.10%
DIIs	16.38%	18.30%	16.90%	18.14%	17.47%	17.13%	16.81%	15.36%	14.13%	13.85%	13.28%	14.35%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%
Public	8.50%	8.87%	9.32%	7.50%	6.84%	6.63%	6.53%	7.77%	8.37%	8.61%	7.39%	7.66%
No. of Shareholders	1,38,449	1,48,329	1,46,657	1,38,767	1,33,207	1,30,772	1,26,618	1,27,003	1,39,188	1,63,880	1,50,093	1,59,996

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	9,798,362	0.87	528.92	9,798,362	2024-12-20	0%
Franklin India Flexi Cap Fund	4,112,112	1.24	221.97	9,798,362	2024-12-20	-58.03%
Franklin India Smaller Companies Fund	3,516,504	1.32	189.82	9,798,362	2024-12-20	-64.11%
Axis Small Cap Fund	2,803,873	0.64	151.35	9,798,362	2024-12-20	-71.38%
Canara Robeco Small Cap Fund	2,521,750	1.11	136.12	9,798,362	2024-12-20	-74.26%
Canara Robeco Flexi Cap Fund	2,211,183	0.88	119.36	9,798,362	2024-12-20	-77.43%
HSBC Small Cap Fund - Regular Plan	2,184,602	0.69	117.92	9,798,362	2024-12-20	-77.7%
Mirae Asset Great Consumer Fund	2,023,943	2.58	109.25	9,798,362	2024-12-20	-79.34%
Canara Robeco Equity Hybrid Fund	1,795,000	0.9	99.96	9,798,362	2024-12-20	-81.68%
Canara Robeco ELSS Tax Saver Fund	1,756,100	1.05	94.79	9,798,362	2024-12-20	-82.08%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	10.06	6.53	4.41	5.43	4.64
Diluted EPS (Rs.)	10.06	6.53	4.41	5.43	4.64
Cash EPS (Rs.)	11.42	7.89	5.92	6.71	5.87
Book Value[Excl.RevalReserv]/Share (Rs.)	49.30	42.24	38.20	37.87	32.67
Book Value[Incl.RevalReserv]/Share (Rs.)	49.30	42.24	38.20	37.87	32.67
Revenue From Operations / Share (Rs.)	75.08	67.70	59.82	51.99	46.60
PBDIT / Share (Rs.)	14.53	9.68	7.27	9.07	7.38
PBIT / Share (Rs.)	13.17	8.31	5.68	7.55	5.94
PBT / Share (Rs.)	13.04	8.15	5.36	6.39	4.94
Net Profit / Share (Rs.)	10.06	6.53	4.33	5.19	4.43
NP After MI And SOA / Share (Rs.)	10.06	6.53	4.41	5.43	4.64
PBDIT Margin (%)	19.35	14.29	12.15	17.44	15.84
PBIT Margin (%)	17.54	12.27	9.50	14.52	12.74
PBT Margin (%)	17.36	12.03	8.96	12.29	10.60
Net Profit Margin (%)	13.39	9.64	7.24	9.98	9.50
NP After MI And SOA Margin (%)	13.40	9.64	7.37	10.44	9.95
Return on Networth / Equity (%)	20.43	15.47	11.22	13.96	13.86
Return on Capital Employeed (%)	25.18	18.44	13.89	18.69	16.89
Return On Assets (%)	15.38	11.62	8.00	10.19	9.27
Total Debt / Equity (X)	0.00	0.00	0.08	0.08	0.18
Asset Turnover Ratio (%)	1.24	1.45	1.27	1.16	1.03
Current Ratio (X)	2.37	1.91	1.39	1.32	0.82
Quick Ratio (X)	1.78	1.16	0.81	0.73	0.41
Inventory Turnover Ratio (X)	4.25	4.32	3.81	3.18	3.26
Dividend Payout Ratio (NP) (%)	29.81	38.29	90.68	0.00	129.34
Dividend Payout Ratio (CP) (%)	26.26	31.67	66.72	0.00	98.68
Earning Retention Ratio (%)	70.19	61.71	9.32	0.00	-29.34
Cash Earning Retention Ratio (%)	73.74	68.33	33.28	0.00	1.32
Interest Coverage Ratio (X)	112.80	27.15	22.61	17.31	8.24
Interest Coverage Ratio (Post Tax) (X)	79.08	18.78	14.48	12.13	6.06
Enterprise Value (Cr.)	15977.96	6732.28	5292.85	4910.52	3605.74
EV / Net Operating Revenue (X)	5.80	2.71	2.41	2.57	2.11
EV / EBITDA (X)	29.95	18.94	19.83	14.75	13.30
MarketCap / Net Operating Revenue (X)	5.86	2.82	2.47	2.63	2.01
Retention Ratios (%)	70.18	61.70	9.31	0.00	-29.34
Price / BV (X)	8.93	4.53	3.75	3.52	2.80
Price / Net Operating Revenue (X)	5.86	2.82	2.47	2.63	2.01
EarningsYield	0.02	0.03	0.02	0.03	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 403.63

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 December 22, 2024, is Undervalued by 7.35% compared to the current share price 376.00

Intrinsic Value of as of December 22, 2024 is: 458.05

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 December 22, 2024, is Undervalued by 21.82% compared to the current share price 376.00

Last 5 Year EPS CAGR: 13.48%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -8.67, which is a positive sign. The company has higher reserves (1,199.54 cr) compared to borrowings (329.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.31 cr) and profit (222.77 cr) over the years.	The stock has a low average ROCE of 15.00%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 45.08, which may not be favorable.

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 :
1. Net Profit Margin: 13.39%
  - 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: 25.18% (Industry Average ROCE: 36.43%)
  - 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%: 20.43% (Industry Average ROE: 29.37%)
  - 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): 79.08
  - 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: 1.78
  - 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: 36.7 (Industry average Stock P/E: 53.05)
  - 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

Jyothy Labs Ltd. is a Public Limited Listed company incorporated on 15/01/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24240MH1992PLC128651 and registration number is 128651. Currently Company is involved in the business activities of Wholesale of other households goods [includes wholesale of household equipment and appliances, n.e.c; photographic equipment, games, toys and sports goods (also includes bicycles, cycle rickshaw, tonga & other non-mechanised vehicles); leather goods and travel accessories; cleaning materials etc.]. Company’s Total Operating Revenue is Rs. 2166.27 Cr. and Equity Capital is Rs. 36.72 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Personal Care	Ujala House, Ramkrishna Mandir Road, Mumbai Maharashtra 400059	info@jyothy.com http://www.jyothylabs.com

Management
Name	Position Held
Mr. M P Ramachandran	Chairman Emeritus
Ms. M R Jyothy	Chairperson & Managing Director
Mr. Ravi Razdan	Director
Mr. T Ananth Rao	Director - Commercial & Operations
Mr. Suresh Balakrishna	Independent Director
Mr. Narayanan Subramaniam	Independent Director
Ms. Bhumika Batra	Independent Director
Mr. Aditya Sapru	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹403.63, which is 7.35% higher than the current market price of ₹376.00. The stock has a market capitalization of 13,803 Cr. and recorded a high/low of 596/367 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,849 Cr and total liabilities of ₹2,526 Cr.

What is the Market Cap of ?

The Market Cap of is 13,803 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 376.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 596/367.

What is the Stock P/E of ?

The Stock P/E of is 36.7.

What is the Book Value of ?

The Book Value of is 51.4.

What is the Dividend Yield of ?

The Dividend Yield of is 0.93 %.

What is the ROCE of ?

The ROCE of is 27.0 %.

What is the ROE of ?

The ROE of is 21.2 %.

What is the Face Value of ?

The Face Value of is 1.00.