Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jyothy Labs Ltd

About the Company

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.
INDUSTRYADDRESSCONTACT
Personal CareUjala House, Ramkrishna Mandir Road, Mumbai Maharashtra 400059info@jyothy.com
http://www.jyothylabs.com
Management
NamePosition Held
Mr. M P RamachandranChairman Emeritus
Mr. R LakshminarayananChairman & Ind.Director
Ms. M R JyothyManaging Director
Ms. M R DeepthiWhole Time Director
Mr. Aditya SapruIndependent Director
Mr. Nilesh MehtaIndependent Director
Ms. Bhumika BatraIndependent Director

Basic Stock Data of Jyothy Labs Ltd

Last Updated: May 30, 2024, 6:20 am

Market Cap 15,313 Cr.
Current Price 417
High / Low554/200
Stock P/E41.5
Book Value 49.2
Dividend Yield0.72 %
ROCE28.0 %
ROE22.0 %
Face Value 1.00
PEG Ratio2.67

Jyothy Labs Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales477495525585539547597659613617687732678
Expenses397424462519478489537579528526570597559
Operating Profit80716367615760808491117135119
OPM %17%14%12%11%11%10%10%12%14%15%17%18%18%
Other Income6-1955461312156171311
Interest4333333333111
Depreciation14151414141513131212121213
Profit before tax68335055474557768482121135115
Tax %22%17%20%19%20%17%16%14%20%28%21%23%21%
Net Profit532740443837486567599610491
EPS in Rs1.510.801.121.211.051.031.321.761.841.612.622.842.48

Last Updated: May 7, 2024, 11:50 pm

Jyothy Labs Ltd Quarterly Chart

Jyothy Labs Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9131,1071,3241,5151,5931,6831,6721,8141,7111,9092,1962,4862,714
Expenses8271,0281,1701,3501,3701,4281,4151,5321,4601,5941,9482,1702,251
Operating Profit8679154164223255257282251315248316463
OPM %9%7%12%11%14%15%15%16%15%16%11%13%17%
Other Income2113861310622716-5194746
Interest2468551462564835331912137
Depreciation25222433313031315356585049
Profit before tax58182125143179241243182235197299454
Tax %34%-1,199%1%3%48%-14%26%19%10%19%19%20%
Net Profit38168112174204179198163191159240350
EPS in Rs1.380.612.253.352.165.735.125.594.645.434.416.539.55
Dividend Payout %45%205%67%60%116%52%5%54%65%74%57%46%

Jyothy Labs Ltd Profit & Loss Yearly Chart

Jyothy Labs Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:13%
TTM:11%
Compounded Profit Growth
10 Years:16%
5 Years:13%
3 Years:21%
TTM:68%
Stock Price CAGR
10 Years:16%
5 Years:19%
3 Years:39%
1 Year:99%
Return on Equity
10 Years:15%
5 Years:16%
3 Years:16%
Last Year:22%

Last Updated: May 26, 2024, 4:56 am

Jyothy Labs Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8161818181818373737373737
Reserves6046227167628831,0711,1261,2901,1921,3921,4071,5121,603
Borrowings5666305345694514985442812831681714745
Other Liabilities241250386468417266291335325359408466536
Total Liabilities1,4191,5181,6541,8171,7701,8531,9791,9421,8361,9562,0232,0622,220
Fixed Assets1,0301,0621,0941,0741,0681,0971,0911,1011,1491,1471,1221,1161,117
CWIP37416891514241081514
Investments2261194862811310400005
Other Assets3844474945336087197607236627998939301,084
Total Assets1,4191,5181,6541,8171,7701,8531,9791,9421,8361,9562,0232,0622,220

Jyothy Labs Ltd Reserves and Borrowings Chart

Jyothy Labs Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 12528130166192163242302171402203329
Cash from Investing Activity -604-28-91-26108-17-743072-129-32-48
Cash from Financing Activity 413-2437-18-302-130-145-318-304-216-167-251
Net Cash Flow-66-2576123-2162313-6057430

Jyothy Labs Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days322718142225353126182420
Inventory Days89108918781807976911018577
Days Payable1127759627061636753696755
Cash Conversion Cycle95751393245514065494142
Working Capital Days20-216-32-114-75-261020182315
ROCE %8%6%11%10%15%16%15%17%14%18%13%18%

Jyothy Labs Ltd Financial Efficiency Indicators Chart

Jyothy Labs Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters62.89%62.89%62.89%62.89%62.89%62.89%62.89%62.89%62.89%62.89%62.89%62.89%
FIIs11.85%12.23%9.94%10.89%11.47%12.80%13.37%13.77%13.97%14.62%14.65%16.43%
DIIs16.61%16.38%18.30%16.90%18.14%17.47%17.13%16.81%15.36%14.13%13.85%13.28%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public8.65%8.50%8.87%9.32%7.50%6.84%6.63%6.53%7.77%8.37%8.61%7.39%
No. of Shareholders1,29,6751,38,4491,48,3291,46,6571,38,7671,33,2071,30,7721,26,6181,27,0031,39,1881,63,8801,50,093

Jyothy Labs Ltd Shareholding Pattern Chart

No. of Jyothy Labs Ltd Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund9,850,0300.96357.16
Franklin India Flexi Cap Fund7,008,0462.13254.11
Franklin India Smaller Companies Fund6,413,7652.4232.56
Franklin India Taxshield3,061,6092.12111.01
ICICI Prudential Smallcap Fund2,326,5711.4184.36
Canara Robeco Equity Hybrid Fund1,720,0000.8678.88
Axis Small Cap Fund2,106,2090.4776.37
HSBC Small Cap Fund - Regular Plan1,912,7000.669.35
Mirae Asset Great Consumer Fund1,650,0002.2659.83
Canara Robeco ELSS Tax Saver Fund1,381,1000.8350.08

Jyothy Labs Ltd ROCE Trend

Jyothy Labs Ltd EPS Trend

Jyothy Labs Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)6.534.415.434.645.62
Diluted EPS (Rs.)6.534.415.434.645.62
Cash EPS (Rs.)7.895.926.715.876.21
Book Value[Excl.RevalReserv]/Share (Rs.)42.2438.2037.8732.6735.54
Book Value[Incl.RevalReserv]/Share (Rs.)42.2438.2037.8732.6735.54
Revenue From Operations / Share (Rs.)67.7059.8251.9946.6049.39
PBDIT / Share (Rs.)9.687.279.077.388.41
PBIT / Share (Rs.)8.315.687.555.947.58
PBT / Share (Rs.)8.155.366.394.946.62
Net Profit / Share (Rs.)6.534.335.194.435.38
NP After MI And SOA / Share (Rs.)6.534.415.434.645.59
PBDIT Margin (%)14.2912.1517.4415.8417.02
PBIT Margin (%)12.279.5014.5212.7415.34
PBT Margin (%)12.038.9612.2910.6013.40
Net Profit Margin (%)9.647.249.989.5010.89
NP After MI And SOA Margin (%)9.647.3710.449.9511.30
Return on Networth / Equity (%)15.4711.2213.9613.8615.46
Return on Capital Employeed (%)18.4413.8918.6916.8920.51
Return On Assets (%)11.628.0010.199.2710.55
Total Debt / Equity (X)0.000.080.080.180.16
Asset Turnover Ratio (%)1.451.271.161.031.04
Current Ratio (X)1.911.391.320.821.06
Quick Ratio (X)1.160.810.730.410.71
Inventory Turnover Ratio (X)4.323.813.183.263.62
Dividend Payout Ratio (NP) (%)38.2990.680.00129.348.86
Dividend Payout Ratio (CP) (%)31.6766.720.0098.687.71
Earning Retention Ratio (%)61.719.320.00-29.3491.14
Cash Earning Retention Ratio (%)68.3333.280.001.3292.29
Interest Coverage Ratio (X)27.1522.6117.318.248.77
Interest Coverage Ratio (Post Tax) (X)18.7814.4812.136.066.61
Enterprise Value (Cr.)6732.285292.854910.523605.746801.12
EV / Net Operating Revenue (X)2.712.412.572.113.75
EV / EBITDA (X)18.9419.8314.7513.3022.02
MarketCap / Net Operating Revenue (X)2.822.472.632.013.70
Retention Ratios (%)61.709.310.00-29.3491.13
Price / BV (X)4.533.753.522.805.05
Price / Net Operating Revenue (X)2.822.472.632.013.70
EarningsYield0.030.020.030.040.03

Jyothy Labs Ltd Profitability Ratios (%)

Jyothy Labs Ltd Liquidity Ratios

Jyothy Labs Ltd Liquidity Ratios (%)

Jyothy Labs Ltd Interest Coverage Ratios (%)

Jyothy Labs Ltd Valuation Ratios

Fair Value

Fair Value: ₹452.43

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.

Undervalued: 8.50% compared to the current price ₹417

Intrinsic Value: ₹522.70

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 25.35% compared to the current price ₹417

Last 5 Year EPS CAGR: 15.53%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -10.58, which is a positive sign.
  2. The company has higher reserves (1,090.77 cr) compared to borrowings (368.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (71.38 cr) and profit (187.62 cr) over the years.
  1. The stock has a low average ROCE of 13.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 43.42, which may not be favorable.

FAQ

What is the latest fair value of Jyothy Labs Ltd?

The latest fair value of Jyothy Labs Ltd is ₹452.43.

What is the Market Cap of Jyothy Labs Ltd?

The Market Cap of Jyothy Labs Ltd is 15,313 Cr..

What is the current Stock Price of Jyothy Labs Ltd as on 30 May 2024?

The current stock price of Jyothy Labs Ltd as on 30 May 2024 is ₹417.

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

In FY 2024, the High / Low of Jyothy Labs Ltd stocks is 554/200.

What is the Stock P/E of Jyothy Labs Ltd?

The Stock P/E of Jyothy Labs Ltd is 41.5.

What is the Book Value of Jyothy Labs Ltd?

The Book Value of Jyothy Labs Ltd is 49.2.

What is the Dividend Yield of Jyothy Labs Ltd?

The Dividend Yield of Jyothy Labs Ltd is 0.72 %.

What is the ROCE of Jyothy Labs Ltd?

The ROCE of Jyothy Labs Ltd is 28.0 %.

What is the ROE of Jyothy Labs Ltd?

The ROE of Jyothy Labs Ltd is 22.0 %.

What is the Face Value of Jyothy Labs Ltd?

The Face Value of Jyothy Labs 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 Jyothy Labs 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