BSE:532926

Stock Analysis Report

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Executive Summary

Jyothy Labs Limited, together with its subsidiaries, manufactures and markets detergents, soaps, and mosquito repellents in India and internationally.


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

How has Jyothy Labs's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532926 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.9%

532926

5.5%

IN Household Products

6.4%

IN Market


1 Year Return

-32.0%

532926

14.5%

IN Household Products

-16.2%

IN Market

Return vs Industry: 532926 underperformed the Indian Household Products industry which returned 15.8% over the past year.

Return vs Market: 532926 underperformed the Indian Market which returned -17.6% over the past year.


Shareholder returns

532926IndustryMarket
7 Day10.9%5.5%6.4%
30 Day9.6%3.8%8.4%
90 Day-6.2%-3.1%-8.9%
1 Year-28.6%-32.0%16.0%14.5%-14.6%-16.2%
3 Year-34.7%-39.0%97.0%89.0%-4.9%-9.9%
5 Year-12.6%-20.9%172.9%152.2%21.6%10.2%

Price Volatility Vs. Market

How volatile is Jyothy Labs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jyothy Labs undervalued compared to its fair value and its price relative to the market?

20.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532926 (₹109.95) is trading above our estimate of fair value (₹83.3)

Significantly Below Fair Value: 532926 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532926 is good value based on its PE Ratio (19.2x) compared to the Household Products industry average (23x).

PE vs Market: 532926 is poor value based on its PE Ratio (19.2x) compared to the Indian market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: 532926 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 532926 is overvalued based on its PB Ratio (3.1x) compared to the IN Household Products industry average (1.2x).


Next Steps

Future Growth

How is Jyothy Labs forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532926's forecast earnings growth (10.5% per year) is above the savings rate (7.2%).

Earnings vs Market: 532926's earnings (10.5% per year) are forecast to grow slower than the Indian market (18% per year).

High Growth Earnings: 532926's earnings are forecast to grow, but not significantly.

Revenue vs Market: 532926's revenue (6.4% per year) is forecast to grow slower than the Indian market (7.1% per year).

High Growth Revenue: 532926's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532926's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has Jyothy Labs performed over the past 5 years?

11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532926 has high quality earnings.

Growing Profit Margin: 532926's current net profit margins (11.5%) are lower than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: 532926's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: 532926's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532926 had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Household Products industry average (11.6%).


Return on Equity

High ROE: 532926's Return on Equity (16.1%) is considered low.


Next Steps

Financial Health

How is Jyothy Labs's financial position?


Financial Position Analysis

Short Term Liabilities: 532926's short term assets (₹6.0B) do not cover its short term liabilities (₹6.4B).

Long Term Liabilities: 532926's short term assets (₹6.0B) exceed its long term liabilities (₹822.2M).


Debt to Equity History and Analysis

Debt Level: 532926's debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: 532926's debt to equity ratio has reduced from 66% to 21.7% over the past 5 years.

Debt Coverage: 532926's debt is well covered by operating cash flow (112.5%).

Interest Coverage: 532926's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Jyothy Labs's current dividend yield, its reliability and sustainability?

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532926's dividend (2.73%) is higher than the bottom 25% of dividend payers in the Indian market (0.82%).

High Dividend: 532926's dividend (2.73%) is low compared to the top 25% of dividend payers in the Indian market (3.37%).


Stability and Growth of Payments

Stable Dividend: 532926's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532926's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), 532926's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 532926's dividends in 3 years are forecast to be covered by earnings (63.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Kasaragod Kamath (56yo)

8.42yrs

Tenure

₹80,010,196

Compensation

Mr. Kasaragod Ullas Kamath, M.Com., F.C.A., C.S., LL.B. has been a Joint Managing Director of Jyothy Labs Limited since January 23, 2012 and served as its Chief Financial Officer since August 21, 2014 unti ...


CEO Compensation Analysis

Compensation vs Market: Kasaragod's total compensation ($USD1.06M) is above average for companies of similar size in the Indian market ($USD350.44K).

Compensation vs Earnings: Kasaragod's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kasaragod Kamath
Joint MD8.42yrs₹80.01m0.79% 319.2m
Moothedath Jyothy
MD & Director14.67yrs₹21.96m2.6% 1.0b
Moothedath Ramachandran
Founder & Chairman Emeritus37.42yrs₹48.23m39.12% 15.8b
Sanjay Agarwal
Chief Financial Officer2.08yrs₹18.58mno data
Shreyas Trivedi
Head of Legalno data₹7.20mno data
Venkitachalam Iyer
Head of Corporate Salesno datano datano data
Ravi Razdan
Head - Systems & HRno data₹2.02mno data
Siddharth Gupta
Head of Key Accountsno datano datano data
T. Rao
Head of Operationsno datano datano data
M. Deepthi
Whole-Time Director0.17yrno datano data

5.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 532926's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kasaragod Kamath
Joint MD8.42yrs₹80.01m0.79% 319.2m
Moothedath Jyothy
MD & Director14.67yrs₹21.96m2.6% 1.0b
M. Deepthi
Whole-Time Director0.17yrno datano data
Nilesh Mehta
Independent Director17.42yrs₹1.21mno data
Ramakrishnan Lakshminarayanan
Independent Director8.08yrs₹1.21mno data
Bhumika Batra
Independent Director1.25yrs₹50.00kno data

11.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 532926's board of directors are seasoned and experienced ( 11.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jyothy Labs Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jyothy Labs Limited
  • Ticker: 532926
  • Exchange: BSE
  • Founded: 1983
  • Industry: Household Products
  • Sector: Household
  • Market Cap: ₹40.375b
  • Shares outstanding: 367.21m
  • Website: https://www.jyothylaboratories.com

Location

  • Jyothy Labs Limited
  • Ujala House
  • Ramkrishna Mandir Road
  • Mumbai
  • Maharashtra
  • 400059
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532926BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2008
JYOTHYLABNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2008

Biography

Jyothy Labs Limited, together with its subsidiaries, manufactures and markets detergents, soaps, and mosquito repellents in India and internationally. It operates through Dishwashing, Fabric Care, Household Insecticides, Personal Care, Laundry Services, and Others segments. The Dishwashing segment offers dish wash scrubbers and scrubber steel, as well as dish wash bars, liquids, and powders under the Pril and Exo brands. The Fabric Care segment provides fabric whiteners, fabric enhancers, bar soaps, and detergent powders under the Henko, Mr. White, Ujala, More light, and New Super Chek brands. The Household Insecticides segment offers mosquito repellent coils, liquids, and cards, as well as insect repellents and air care products under the Maya, Exo Floor Shine, and Maxo brands. The Personal Care segment provides body soaps, face washes, toothpastes, deodorants, talcum powders, after shave products, and moisturizers under the Margo, Fa, and Neem Active Toothpaste brands. The Laundry Services segment provides dry cleaning and laundry services under the Fabric Spa, Wardrobe, Four Seasons, Expert, Snoways, and Clickwash brands. The Others segment offers incense sticks and floor shine products. The company was formerly known as Jyothy Laboratories Limited and changed its name to Jyothy Labs Limited in July 2019. The company was founded in 1983 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 13:10
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.