Past 10 year's financial track record analysis by Moneyworks4me indicates that Jocil Ltd is a average quality company.
The key valuation ratios of Jocil Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Jocil Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 17.5% | 6.5% | 3.4% | 1.5% | 10.1% | 8.4% | 4.8% | 6.7% | 1.4% | - |
| Value Creation Index ⓘ | -0.1 | 0.3 | -0.5 | -0.8 | -0.9 | -0.3 | -0.4 | -0.7 | -0.5 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 331 | 393 | 376 | 341 | 402 | 446 | 565 | 754 | 919 | 753 | 822 |
| Sales YoY Gr. | - | 18.9% | -4.4% | -9.1% | 17.9% | 10.9% | 26.7% | 33.3% | 22% | -18.1% | - |
| Adj EPS ⓘ | 14.6 | 19.6 | 10.4 | 3.7 | 3.8 | 11.7 | 15.3 | 7.9 | 11.5 | 1.7 | 2 |
| YoY Gr. | - | 34.6% | -47.1% | -64.4% | 4.1% | 205.2% | 30.5% | -48.4% | 45.3% | -84.9% | - |
| BVPS (₹) ⓘ | 166.9 | 178.6 | 189.4 | 193.8 | 195.6 | 203.3 | 220.8 | 229.3 | 232.4 | 237.1 | 240.7 |
| Adj Net Profit ⓘ | 12.9 | 17.4 | 9.2 | 3.3 | 3.4 | 10.4 | 13.6 | 7 | 10.2 | 1.5 | 2 |
| Cash Flow from Ops. ⓘ | 11.4 | 11.4 | -7.9 | 38.8 | -3.7 | 8.8 | 14.2 | -17 | 37.9 | 17 | - |
| Debt/CF from Ops. ⓘ | 0.9 | 0.8 | -3.6 | 0.2 | -2.3 | 1 | 0.1 | -0.3 | 0 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.6% | 13.4% | 10% | -18.1% | ||||
| Adj EPS ⓘ | -21.1% | -14.7% | -51.6% | -84.9% | ||||
| BVPSⓘ | 4% | 3.9% | 2.4% | 2% | ||||
| Share Price | - | 13.7% | 3.4% | -10.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.9 | 11.3 | 5.6 | 1.9 | 2 | 5.9 | 7.2 | 3.5 | 5 | 0.7 | 0.8 |
| Op. Profit Mgn % ⓘ | 7.6 | 8 | 4.5 | 3.2 | 1.8 | 4.3 | 3.7 | 2.1 | 2 | 0.7 | 0.8 |
| Net Profit Mgn % ⓘ | 3.9 | 4.4 | 2.5 | 1 | 0.9 | 2.3 | 2.4 | 0.9 | 1.1 | 0.2 | 0.2 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.2 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 141 | 130 | 180 | 207 | 141 | 125 | 112 | 94 | 75 | 85 | 55 |
| Cash Conv. Cycle ⓘ | 86 | 80 | 92 | 106 | 88 | 91 | 80 | 67 | 55 | 59 | 36 |
Sales growth is growing at healthy rate in last 3 years 10.03%
Return on Equity has declined versus last 3 years average to 0.80%
Net Profit has been subdued in last 3 years -51.63%
Sales growth is not so good in last 4 quarters at 4.42%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | - |
| TTM Sales (₹ Cr.) | 822 | - |
| BVPS (₹.) ⓘ | 240.7 | - |
| Reserves (₹ Cr.) ⓘ | 205 | - |
| P/BV ⓘ | 0.86 | - |
| PE ⓘ | 105.64 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 183 |
| Equity (₹ Cr.) | 8.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 331 | 393 | 376 | 341 | 402 | 446 | 565 | 754 | 919 | 753 |
| Operating Expenses ⓘ | 305 | 361 | 360 | 331 | 396 | 427 | 545 | 738 | 902 | 748 |
| Manufacturing Costs | 46 | 59 | 49 | 46 | 63 | 75 | 72 | 73 | 103 | 99 |
| Material Costs | 227 | 264 | 274 | 250 | 293 | 311 | 432 | 620 | 750 | 600 |
| Employee Cost | 20 | 25 | 23 | 22 | 25 | 29 | 30 | 32 | 33 | 32 |
| Other Costs ⓘ | 13 | 14 | 14 | 12 | 16 | 13 | 12 | 13 | 16 | 18 |
| Operating Profit ⓘ | 25 | 32 | 16 | 11 | 7 | 19 | 21 | 15 | 18 | 5 |
| Operating Profit Margin (%) | 7.6% | 8.0% | 4.1% | 3.1% | 1.7% | 4.3% | 3.6% | 2.0% | 1.9% | 0.7% |
| Other Income ⓘ | 2 | 5 | 3 | 2 | 2 | 6 | 1 | 1 | 2 | 4 |
| Interest ⓘ | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 0 |
| Depreciation ⓘ | 7 | 8 | 7 | 7 | 6 | 6 | 6 | 7 | 6 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 20 | 27 | 10 | 5 | 1 | 18 | 15 | 10 | 13 | 3 |
| Tax ⓘ | 7 | 9 | 2 | 1 | -2 | 5 | 2 | 2 | 3 | 1 |
| Profit After Tax | 13 | 18 | 8 | 4 | 3 | 12 | 14 | 7 | 10 | 2 |
| PAT Margin (%) | 4.0% | 4.6% | 2.2% | 1.2% | 0.8% | 2.8% | 2.4% | 0.9% | 1.1% | 0.2% |
| Adjusted EPS (₹) | 14.8 | 20.4 | 9.2 | 4.6 | 3.6 | 14.1 | 15.3 | 8.0 | 11.3 | 1.9 |
| Dividend Payout Ratio (%) | 41% | 34% | 32% | 43% | 28% | 21% | 20% | 25% | 22% | 77% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 148 | 159 | 168 | 172 | 174 | 181 | 196 | 204 | 206 | 211 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 139 | 150 | 159 | 163 | 165 | 172 | 187 | 195 | 198 | 202 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 11 | 9 | 28 | 7 | 8 | 8 | 2 | 4 | 2 | 6 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 11 | 9 | 28 | 7 | 8 | 8 | 2 | 4 | 2 | 6 |
| Trade Payables | 10 | 15 | 32 | 13 | 12 | 32 | 35 | 32 | 26 | 47 |
| Others Liabilities ⓘ | 31 | 72 | 71 | 70 | 23 | 26 | 30 | 30 | 23 | 20 |
| Total Liabilities ⓘ | 200 | 254 | 300 | 262 | 217 | 247 | 263 | 270 | 257 | 284 |
Fixed Assets | ||||||||||
| Gross Block | 174 | 71 | 74 | 75 | 77 | 82 | 85 | 91 | 94 | 97 |
| Accumulated Depreciation | 107 | 8 | 15 | 22 | 27 | 33 | 37 | 44 | 50 | 56 |
| Net Fixed Assetsⓘ | 67 | 63 | 59 | 54 | 50 | 48 | 48 | 47 | 44 | 41 |
| CWIP ⓘ | 1 | 1 | 2 | 1 | 4 | 5 | 6 | 3 | 0 | 1 |
| Investmentsⓘ | 1 | 1 | 3 | 16 | 9 | 2 | 20 | 9 | 35 | 37 |
| Inventories | 56 | 54 | 55 | 56 | 57 | 73 | 78 | 108 | 83 | 95 |
| Trade Receivables | 48 | 61 | 91 | 49 | 57 | 81 | 85 | 74 | 73 | 67 |
| Cash Equivalents | 7 | 5 | 15 | 18 | 18 | 24 | 8 | 4 | 7 | 26 |
| Others Assetsⓘ | 20 | 69 | 75 | 68 | 22 | 14 | 17 | 26 | 15 | 17 |
| Total Assets ⓘ | 200 | 254 | 300 | 262 | 217 | 247 | 263 | 270 | 257 | 284 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 11 | 11 | -8 | 39 | -4 | 9 | 14 | -17 | 38 | 17 |
| PBT ⓘ | 20 | 27 | 10 | 5 | 1 | 18 | 15 | 10 | 13 | 3 |
| Adjustment ⓘ | 6 | 7 | 7 | 7 | 6 | 4 | 6 | 6 | 5 | 4 |
| Changes in Working Capital ⓘ | -8 | -10 | -22 | 28 | -12 | -7 | -3 | -29 | 24 | 12 |
| Tax Paid ⓘ | -6 | -13 | -2 | -1 | 0 | -6 | -4 | -4 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | -5 | 0 | 0 | -9 | 5 | -1 | -20 | 14 | -29 | 1 |
| Capex | -1 | -3 | -4 | -1 | -3 | -5 | -8 | -2 | -1 | -3 |
| Net Investments | 0 | 0 | 0 | -10 | 7 | 3 | -14 | 14 | -30 | 1 |
| Others ⓘ | -3 | 4 | 4 | 2 | 2 | 1 | 1 | 2 | 1 | 3 |
| Cash Flow From Financing Activityⓘ | -7 | -14 | 18 | -26 | -2 | -2 | -10 | -1 | -6 | 1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -3 | 4 |
| Interest Paid ⓘ | -1 | -1 | -2 | -1 | -1 | -1 | -1 | 0 | -1 | 0 |
| Dividend Paid ⓘ | -4 | -12 | 0 | -3 | -2 | -1 | -3 | -3 | -2 | -2 |
| Others ⓘ | -2 | -1 | 19 | -22 | 2 | 0 | -6 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -2 | 10 | 4 | 0 | 6 | -16 | -4 | 3 | 20 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.03 | 11.79 | 5.02 | 2.41 | 1.84 | 7.05 | 7.23 | 3.57 | 4.88 | 0.83 |
| ROCE (%) | 13.25 | 17.45 | 6.54 | 3.39 | 1.48 | 10.07 | 8.43 | 4.8 | 6.67 | 1.4 |
| Asset Turnover Ratio | 1.66 | 1.9 | 1.49 | 1.24 | 1.68 | 1.92 | 2.22 | 2.83 | 3.49 | 2.78 |
| PAT to CFO Conversion(x) | 0.85 | 0.61 | -1 | 9.75 | -1.33 | 0.75 | 1 | -2.43 | 3.8 | 8.5 | Working Capital Days |
| Receivable Days | 46 | 46 | 68 | 73 | 48 | 57 | 54 | 39 | 29 | 34 |
| Inventory Days | 58 | 46 | 48 | 58 | 51 | 53 | 49 | 45 | 38 | 43 |
| Payable Days | 24 | 17 | 32 | 33 | 16 | 26 | 28 | 20 | 14 | 22 |
Jocil is engaged in producing fatty acids, glycerin and soaps. Jocil was incorporated in 1978 as Andhra Pradesh Oil and Chemical Industries. The company’s product portfolio includes stearic acid flakes, fatty acids, toilet soaps, soap noodles and glycerine.
These products have applications in area of pharmaceuticals, cosmetics, textiles, paints, plastics, tyres, tread rubber, Metal Polish and other industries. The company has clientele namely HUL, Henkel, Johnson & Johnson, Reckitt Benckiser, Jyothy Laboratories, Emami, BASF, Birla Tyres, Claraint, Berger Paints, Sun Pharmaceutical and MRF Tyres.
Jocil has a manufacturing capacity of 67,500 TPA (fatty acids), 1,800 TPA (glycerine) and 25,000 TPA (soaps). Based at Dokiparru, the company also has a captive power plant with 6 MW capacity.
Products
The company manufactures oleochemicals such as stearic acid, distilled fatty acid, fractioned fatty acids and refined glycerine.
Jocil manufactures toilet soaps, soap noodles and special products. It also undertakes contract manufacturing for various companies.
Andhra Sugars (Parent Company)
Andhra Sugars has business interests in organic and inorganic chemicals, edible and non-edible vegetable oils and non-conventional power generation.
It is engaged in manufacturing and marketing of sugar, chemicals such as caustic soda, acetic acid, industrial alcohol, sulphuric acid, hydro chloric acid, sulphur trioxide and aspirin.
Milestones
1978- The company was incorporated as Andhra Pradesh Oil and Chemical Industries.
1982- The company was renamed as Jayalakshmi Oil and Chemical Industries.
1988- The company became subsidiary of Andhra Sugars (ASL) on 27 October 1988.
1992- The company was renamed as Jocil.
2001-The company set up a 6 MW biomass co-generation power plant to meet captive requirements of steam and power.
2003- The company celebrated 25 year of experience in field of manufacturing of stearic acid flakes, fatty acids, toilet soaps, soap noodles and glycerine.
2004- The company received ISO 9001:2000 Certification by DNV for quality management.
2005 - Ventured into Wind energy.
2009 - Wind farm is registered as CDM Project with UNFCCC in Year 2009.
2010 - ISO 9001:2008 Certification by DNV
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