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Jyothy Labs

NSEI:JYOTHYLAB
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JYOTHYLAB
NSEI
₹59B
Market Cap
  1. Home
  2. IN
  3. Household
Company description

Jyothy Labs Limited, together with its subsidiaries, manufactures and markets detergents, soaps, and mosquito repellents in India and internationally. The last earnings update was 23 days ago. More info.


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JYOTHYLAB Share Price and Events
7 Day Returns
-2%
NSEI:JYOTHYLAB
0.5%
IN Household Products
-0.5%
IN Market
1 Year Returns
-25.7%
NSEI:JYOTHYLAB
4.6%
IN Household Products
-2.4%
IN Market
JYOTHYLAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jyothy Labs (JYOTHYLAB) -2% -0.9% -13.5% -25.7% 10.1% 74.7%
IN Household Products 0.5% -3.7% -0.4% 4.6% 87.5% 167.6%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • JYOTHYLAB underperformed the Household Products industry which returned 4.6% over the past year.
  • JYOTHYLAB underperformed the Market in India which returned -2.4% over the past year.
Price Volatility
JYOTHYLAB
Industry
5yr Volatility vs Market

Value

 Is Jyothy Labs undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jyothy Labs to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jyothy Labs.

NSEI:JYOTHYLAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:JYOTHYLAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.4
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.399 (1 + (1- 35%) (4.96%))
0.606
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:JYOTHYLAB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jyothy Labs is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:JYOTHYLAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2020 2,149.50 Analyst x4 1,878.44
2021 2,265.60 Analyst x5 1,730.23
2022 2,281.50 Analyst x2 1,522.65
2023 2,287.84 Est @ 0.28% 1,334.34
2024 2,344.11 Est @ 2.46% 1,194.75
2025 2,437.56 Est @ 3.99% 1,085.71
2026 2,560.79 Est @ 5.06% 996.77
2027 2,709.42 Est @ 5.8% 921.63
2028 2,880.86 Est @ 6.33% 856.37
2029 3,073.72 Est @ 6.69% 798.48
Present value of next 10 years cash flows ₹12,319.38
NSEI:JYOTHYLAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹3,073.72 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹48,049.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹48,049.24 ÷ (1 + 14.43%)10
₹12,482.10
NSEI:JYOTHYLAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹12,319.38 + ₹12,482.10
₹24,801.48
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹24,801.48 / 367.21
₹67.54
NSEI:JYOTHYLAB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:JYOTHYLAB represents 0.99219x of BSE:532926
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99219x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 67.54 x 0.99219
₹67.01
Value per share (INR) From above. ₹67.01
Current discount Discount to share price of ₹158.85
= -1 x (₹158.85 - ₹67.01) / ₹67.01
-137%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jyothy Labs is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jyothy Labs's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jyothy Labs's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:JYOTHYLAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹5.62
BSE:532926 Share Price ** BSE (2019-07-19) in INR ₹160.1
India Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 28.49x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jyothy Labs.

NSEI:JYOTHYLAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532926 Share Price ÷ EPS (both in INR)

= 160.1 ÷ 5.62

28.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jyothy Labs is good value based on earnings compared to the IN Household Products industry average.
  • Jyothy Labs is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Jyothy Labs's expected growth come at a high price?
Raw Data
NSEI:JYOTHYLAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11.7%per year
Global Household Products Industry PEG Ratio Median Figure of 15 Publicly-Listed Household Products Companies 2.43x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:JYOTHYLAB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.49x ÷ 11.7%

2.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jyothy Labs is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jyothy Labs's assets?
Raw Data
NSEI:JYOTHYLAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹36.12
BSE:532926 Share Price * BSE (2019-07-19) in INR ₹160.1
India Household Products Industry PB Ratio Median Figure of 6 Publicly-Listed Household Products Companies 1.41x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:JYOTHYLAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532926 Share Price ÷ Book Value per Share (both in INR)

= 160.1 ÷ 36.12

4.43x

* Primary Listing of Jyothy Labs.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jyothy Labs is overvalued based on assets compared to the IN Household Products industry average.
X
Value checks
We assess Jyothy Labs's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Jyothy Labs has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Jyothy Labs expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jyothy Labs expected to grow at an attractive rate?
  • Jyothy Labs's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Jyothy Labs's earnings growth is positive but not above the India market average.
  • Jyothy Labs's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:JYOTHYLAB Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:JYOTHYLAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11.7%
NSEI:JYOTHYLAB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 11%
India Household Products Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Global Household Products Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:JYOTHYLAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:JYOTHYLAB Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 25,530 2,972 2,950 3
2021-03-31 22,629 2,738 2,577 11
2020-03-31 20,166 2,398 2,226 11
NSEI:JYOTHYLAB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 18,143 3,016 2,051
2018-03-31 16,764 2,423 1,861
2017-12-31 16,770 2,169
2017-09-30 16,327 2,038
2017-06-30 16,149 1,881
2017-03-31 16,847 1,633 2,081
2016-12-31 17,181 1,916
2016-09-30 17,064 1,903
2016-06-30 16,810 1,781

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jyothy Labs's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Jyothy Labs's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:JYOTHYLAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Jyothy Labs Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JYOTHYLAB Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 8.03 8.20 7.86 2.00
2021-03-31 7.00 7.40 6.70 8.00
2020-03-31 6.06 6.20 5.85 8.00
NSEI:JYOTHYLAB Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 5.62
2018-03-31 5.12
2017-12-31 5.87
2017-09-30 5.54
2017-06-30 5.13
2017-03-31 5.74
2016-12-31 5.29
2016-09-30 5.25
2016-06-30 4.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Jyothy Labs is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jyothy Labs's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jyothy Labs has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Jyothy Labs performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jyothy Labs's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jyothy Labs's year on year earnings growth rate has been positive over the past 5 years.
  • Jyothy Labs's 1-year earnings growth is less than its 5-year average (10.2% vs 18.4%)
  • Jyothy Labs's earnings growth has exceeded the IN Household Products industry average in the past year (10.2% vs -10%).
Earnings and Revenue History
Jyothy Labs's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jyothy Labs Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JYOTHYLAB Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 18,143.33 2,050.87 3,418.01
2018-03-31 16,763.96 1,860.66 3,184.99
2017-12-31 16,769.52 2,169.36 3,457.28
2017-09-30 16,327.02 2,037.56 3,342.78
2017-06-30 16,149.32 1,881.06 3,291.18
2017-03-31 16,846.52 2,081.26 3,160.18
2016-12-31 17,181.05 1,916.00 3,971.07
2016-09-30 17,064.45 1,902.70 4,008.27
2016-06-30 16,809.75 1,781.00 4,019.97
2016-03-31 15,998.59 780.77 3,200.10
2015-12-31 15,959.37 1,494.04 5,314.28 5.25
2015-09-30 15,675.17 1,368.74 5,294.78 5.25
2015-06-30 15,344.57 1,232.34 5,230.68 5.25
2015-03-31 15,055.97 1,211.24 3,789.16
2014-12-31 14,652.40 1,155.15 4,677.38 4.88
2014-09-30 14,222.17 1,111.08 4,380.49 4.88
2014-06-30 13,710.78 992.09 4,123.19 4.88
2014-03-31 13,185.21 814.32 4,069.73 4.88
2013-03-31 11,042.39 196.48 3,307.03 2.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jyothy Labs has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jyothy Labs used its assets more efficiently than the IN Household Products industry average last year based on Return on Assets.
  • Jyothy Labs's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Jyothy Labs's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jyothy Labs has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Jyothy Labs's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jyothy Labs's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jyothy Labs is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jyothy Labs's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jyothy Labs's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jyothy Labs Company Filings, last reported 3 months ago.

NSEI:JYOTHYLAB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 13,050.62 2,915.04 2,007.98
2018-03-31 11,302.58 5,441.25 2,498.18
2017-12-31 10,204.10 6,661.40 1,614.60
2017-09-30 10,204.10 6,661.40 1,614.60
2017-06-30 10,823.60 4,982.65 1,318.99
2017-03-31 10,823.60 4,982.65 1,318.99
2016-12-31 9,558.50 514.00 1,573.90
2016-09-30 9,558.50 514.00 1,573.90
2016-06-30 8,478.34 4,508.24 1,494.89
2016-03-31 8,988.19 4,508.24 1,497.59
2015-12-31 8,831.80 5,499.60 1,712.90
2015-09-30 8,831.80 5,499.60 1,712.90
2015-06-30 7,810.97 5,693.74 2,703.51
2015-03-31 7,810.97 5,693.74 2,703.51
2014-12-31 8,059.19 5,314.10 988.21
2014-09-30 8,059.19 5,314.10 988.21
2014-06-30 7,359.56 5,335.96 1,301.69
2014-03-31 7,359.56 5,335.96 1,301.69
2013-03-31 6,434.31 6,295.35 473.85
  • Jyothy Labs's level of debt (22.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.5% vs 22.3% today).
  • Debt is well covered by operating cash flow (103.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess Jyothy Labs's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jyothy Labs has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.87%
Current annual income from Jyothy Labs dividends. Estimated to be 2.22% next year.
If you bought ₹2,000 of Jyothy Labs shares you are expected to receive ₹37 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jyothy Labs's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Jyothy Labs's dividend is below the markets top 25% of dividend payers in India (2.23%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:JYOTHYLAB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Asia Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:JYOTHYLAB Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 3.82 2.00
2021-03-31 3.75 6.00
2020-03-31 3.28 6.00
NSEI:JYOTHYLAB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-07 3.000 1.849
2018-05-16 0.500 0.253
2017-05-18 3.000 1.611
2016-05-23 2.500 1.499
2016-03-10 2.000 1.338
2015-07-06 2.000 1.334
2015-05-25 2.000 1.413
2014-10-07 2.000 1.543
2014-01-28 1.000 1.003
2013-07-19 1.250 1.418
2013-05-22 1.250 1.340
2012-07-10 0.625 0.795
2012-05-23 0.625 1.115
2011-09-22 1.250 3.069
2010-08-10 1.000 1.717
2010-05-25 1.000 1.605
2009-06-05 0.500 1.424
2008-08-27 0.375 2.427

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Jyothy Labs's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Jyothy Labs's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jyothy Labs afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jyothy Labs has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Jyothy Labs's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Moothedath Ramachandran
COMPENSATION ₹48,233,553
AGE 73
TENURE AS CEO 36.5 years
CEO Bio

Mr. Moothedath Panjan Ramachandran is the Founder of Jyothy Laboratories Limited and has been its Chairman and Managing Director since 1983. Mr. Ramachandran began his career as an accountant in 1971 in Mumbai. He set up Jyothy Laboratories business in 1983. He has over 37 years of experience in sales, production and general management. He has been an Executive Director at Jyothy Laboratories Ltd since 1983. In 2003 and 2004, he was nominated by The Economics Times for Entrepreneur of the Year Award. He serves as a Director of Jyothy Consumer Products Marketing Limited. Mr. Ramachandran holds a Postgraduate degree in Financial Management from University of Mumbai.

CEO Compensation
  • Moothedath's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Moothedath's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Jyothy Labs management team in years:

3.2
Average Tenure
53
Average Age
  • The tenure for the Jyothy Labs management team is about average.
Management Team

Moothedath Ramachandran

TITLE
Founder
COMPENSATION
₹48M
AGE
73
TENURE
36.5 yrs

Kasaragod Kamath

TITLE
Joint MD
COMPENSATION
₹80M
AGE
56
TENURE
7.5 yrs

Sanjay Agarwal

TITLE
Chief Financial Officer
COMPENSATION
₹19M
AGE
43
TENURE
1.2 yrs

Rajnikant Sabnavis

TITLE
Chief Operating Officer
AGE
52
TENURE
3.2 yrs

Shreyas Trivedi

TITLE
Head of Legal
COMPENSATION
₹7M

Moothedath Jyothy

TITLE
Chief Marketing Officer & Whole-Time Director
COMPENSATION
₹22M
AGE
41

Raghunandan Rao

TITLE
President
AGE
54
TENURE
3.2 yrs

Venkitachalam Iyer

TITLE
Head of Corporate Sales
AGE
57

Ravi Razdan

TITLE
Head - Systems & HR
COMPENSATION
₹2M

Siddharth Gupta

TITLE
Head of Key Accounts
AGE
47
Board of Directors Tenure

Average tenure and age of the Jyothy Labs board of directors in years:

15.1
Average Tenure
56.5
Average Age
  • The average tenure for the Jyothy Labs board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Moothedath Ramachandran

TITLE
Founder
COMPENSATION
₹48M
AGE
73
TENURE
36.5 yrs

Kasaragod Kamath

TITLE
Joint MD
COMPENSATION
₹80M
AGE
56
TENURE
22.5 yrs

Moothedath Jyothy

TITLE
Chief Marketing Officer & Whole-Time Director
COMPENSATION
₹22M
AGE
41
TENURE
13.8 yrs

Nilesh Mehta

TITLE
Independent Director
COMPENSATION
₹1M
AGE
57
TENURE
16.5 yrs

Ramakrishnan Lakshminarayanan

TITLE
Independent Director
COMPENSATION
₹1M
AGE
63
TENURE
7.2 yrs

Bhumika Batra

TITLE
Independent Director
COMPENSATION
₹50K
AGE
38
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. Dec 18 Buy Moothedath Ramachandran Individual 13. Dec 18 13. Dec 18 3,366,975 ₹185.45 ₹624,405,340
04. Sep 18 Sell S. Somasundaram Individual 30. Aug 18 30. Aug 18 -14,000 ₹212.93 ₹-2,980,999
X
Management checks
We assess Jyothy Labs's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jyothy Labs has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Jyothy Laboratories Limited (NSE:JYOTHYLAB)'s Could Be A Buy For Its Upcoming Dividend

See our latest analysis for Jyothy Laboratories Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. … A useful secondary check can be to evaluate whether Jyothy Laboratories generated enough free cash flow to afford its dividend. … See what the 11 analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow We wouldn't recommend just buying the first dividend stock you see, though.

Simply Wall St -

Should You Be Adding Jyothy Laboratories (NSE:JYOTHYLAB) To Your Watchlist Today?

Check out our latest analysis for Jyothy Laboratories Jyothy Laboratories's Earnings Per Share Are Growing. … Jyothy Laboratories's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. … The good news is that Jyothy Laboratories is not the only growth stock with insider buying.

Simply Wall St -

A Spotlight On Jyothy Laboratories Limited's (NSE:JYOTHYLAB) Fundamentals

If you're interested in understanding beyond my broad commentary, take a look at the report on Jyothy Laboratories here. … NSEI:JYOTHYLAB Historical Dividend Yield, June 28th 2019 Next Steps: For Jyothy Laboratories, I've compiled three key aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for JYOTHYLAB’s future growth? … Take a look at our free research report of analyst consensus for JYOTHYLAB’s outlook.

Simply Wall St -

Is Jyothy Laboratories Limited's (NSE:JYOTHYLAB) CEO Pay Justified?

Our data indicates that Jyothy Laboratories Limited is worth ₹58b, and total annual CEO compensation is ₹40m. … Thus we can conclude that Moothedath Ramachandran receives more in total compensation than the median of a group of companies in the same market, and of similar size to Jyothy Laboratories Limited. … We compared total CEO remuneration at Jyothy Laboratories Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Is It Too Late To Buy Jyothy Laboratories Limited (NSE:JYOTHYLAB) At Its June Price?

Jyothy Laboratories Limited (NSE:JYOTHYLAB) is considered a high-growth stock, but its last closing price of ₹172.95 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Jyothy Laboratories is trading at price-to-earnings (PE) ratio of 30.91x, this tells us the stock is overvalued compared to the IN market average ratio of 15.97x , and undervalued based on its latest annual earnings update compared to the Household Products average of 30.91x. … However, seeing as Jyothy Laboratories is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio.

Simply Wall St -

Did Jyothy Laboratories Limited (NSE:JYOTHYLAB) Use Debt To Deliver Its ROE Of 15%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Jyothy Laboratories: 15% = ₹2.1b ÷ ₹13b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Jyothy Laboratories's Debt And Its 15% Return On Equity Jyothy Laboratories has a debt to equity ratio of 0.17, which is far from excessive. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

What Should You Know About Jyothy Laboratories Limited's (NSE:JYOTHYLAB) Long Term Outlook?

The latest earnings update Jyothy Laboratories Limited (NSE:JYOTHYLAB) released in March 2019 indicated that the company benefited from a strong tailwind, eventuating to a double-digit earnings growth of 10%. … Today I want to provide a brief commentary on how market analysts predict Jyothy Laboratories's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … View our latest analysis for Jyothy Laboratories Market analysts' prospects for the coming year seems rather subdued, with earnings expanding by a single digit 9.1%.

Simply Wall St -

Jyothy Laboratories Limited (NSE:JYOTHYLAB): Immense Growth Potential?

As Jyothy Laboratories Limited (NSE:JYOTHYLAB) released its earnings announcement on 31 March 2019, it seems that analyst expectations are fairly bearish, with earnings expected to grow by 8.8% in the upcoming year compared with the higher past 5-year average growth rate of 18%. … Below is a brief commentary around Jyothy Laboratories's earnings outlook going forward, which may give you a sense of market sentiment for the company. … Check out our latest analysis for Jyothy Laboratories What can we expect from Jyothy Laboratories in the longer term?

Simply Wall St -

What Kind Of Shareholders Own Jyothy Laboratories Limited (NSE:JYOTHYLAB)?

See our latest analysis for Jyothy Laboratories NSEI:JYOTHYLAB Ownership Summary, May 11th 2019 What Does The Institutional Ownership Tell Us About Jyothy Laboratories? … Insider Ownership Of Jyothy Laboratories The definition of company insiders can be subjective, and does vary between jurisdictions. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

What To Know Before Buying Jyothy Laboratories Limited (NSE:JYOTHYLAB) For Its Dividend

Dividend paying stocks like Jyothy Laboratories Limited (NSE:JYOTHYLAB) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St -

Company Info

Description

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.

Details
Name: Jyothy Labs Limited
JYOTHYLAB
Exchange: NSEI
Founded: 1983
₹58,790,103,904
367,208,644
Website: http://www.jyothylaboratories.com
Address: Jyothy Labs Limited
Ujala House,
Ramkrishna Mandir Road,
Mumbai,
Maharashtra, 400059,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532926 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2008
NSEI JYOTHYLAB Equity Shares National Stock Exchange of India IN INR 02. Jan 2008
Number of employees
Current staff
Staff numbers
0
Jyothy Labs employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:56
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/06/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.