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JL Morison India Overview

J.L. Morison (India) Ltd is engaged within the business of marketing and distribution of personal care, lifestyles fashion and FMCG merchandise. The Company operates in the commercial enterprise section of Personal Care products. The Company operates in 3 divisions which encompass child care, hair care and oral care. Baby care department includes morisons baby dreams, infant feeding and nursing products, infant toys and child equipment. Hair care department consists of bigen, hair coloration conditioner and hair coloration powder. Oral care dep...Read More

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JL Morison India Key Financials

Market Cap ₹275 Cr.

Stock P/E 17.9

P/B 1.4

Current Price ₹2021.4

Book Value ₹ 1446.4

Face Value 10

52W High ₹0

Dividend Yield 0.05%

52W Low ₹ 0

JL Morison India Share Price

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Volume
Price

JL Morison India Quarterly Price

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JL Morison India Peer Comparison

JL Morison India Quarterly Results

#(Fig in Cr.) Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 27 28 27 25 30 30 32 33 37 36
Other Income 1 1 1 0 1 1 0 0 1 0
Total Income 28 29 28 25 31 30 32 34 37 36
Total Expenditure 26 26 25 24 28 27 30 32 35 34
Operating Profit 2 3 3 2 2 3 2 2 3 3
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 3 1 2 3 2 2 2 2
Provision for Tax 0 1 0 0 0 1 1 0 1 1
Profit After Tax 2 2 2 1 2 2 1 1 2 2
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 2 2 1 2 2 1 1 2 2
Adjusted Earnings Per Share 11.3 12.3 16.5 7.1 12.2 14.6 10.9 10.7 13.5 13.5

JL Morison India Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 89 91 94 75 85 87 93 100 116 145 164 138
Other Income 5 5 3 3 7 5 4 3 2 7 7 1
Total Income 94 96 96 78 93 92 97 103 119 151 171 139
Total Expenditure 89 88 90 76 81 80 90 96 110 137 150 131
Operating Profit 5 8 6 2 12 12 7 7 9 15 22 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 2 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 6 5 1 11 11 5 6 8 14 21 8
Provision for Tax 1 2 2 -1 1 3 1 1 2 3 5 3
Profit After Tax 2 5 3 2 10 7 4 5 6 11 15 6
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 5 3 2 10 7 4 5 6 11 15 6
Adjusted Earnings Per Share 17.2 36 20.4 13.8 70.6 53.3 30.5 36.7 44.8 77.9 112.5 48.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 18% 14% 6%
Operating Profit CAGR 47% 46% 13% 16%
PAT CAGR 36% 44% 16% 22%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% -1% 1% 8%
ROE Average 7% 5% 4% 4%
ROCE Average 10% 7% 6% 5%

JL Morison India Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 75 79 82 182 179 157 147 169 197 197 236
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2 5 2 4 5 4 4 4 18 28 17
Total Current Liabilities 16 10 15 9 13 14 19 23 24 24 44
Total Liabilities 92 94 100 195 197 175 171 196 239 249 298
Fixed Assets 28 28 19 18 18 18 17 16 16 16 17
Other Non-Current Assets 26 35 33 136 144 113 113 134 189 199 220
Total Current Assets 38 31 47 40 34 44 40 46 34 34 60
Total Assets 92 94 100 195 197 175 171 196 239 249 298

JL Morison India Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 1 4 2 2 3 12 6 2 24 10 10
Cash Flow from Operating Activities 13 5 -7 5 19 -0 0 14 3 11 11
Cash Flow from Investing Activities -4 -6 6 -4 -10 -6 -2 8 -16 -12 -8
Cash Flow from Financing Activities -7 -0 1 -1 1 -1 -1 -0 -0 0 -1
Net Cash Inflow / Outflow 2 -2 -0 1 10 -7 -3 21 -13 -1 2
Closing Cash & Cash Equivalent 4 2 1 3 12 6 2 24 10 10 12

JL Morison India Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 17.16 36.02 20.43 13.81 70.64 53.26 30.48 36.75 44.83 77.87 112.46
CEPS(Rs) 25.04 49.38 31.19 24.56 80.57 62.93 40.02 43.91 51.31 84.66 120
DPS(Rs) 1 1 1 1 1 1 1 1 1 0 0
Book NAV/Share(Rs) 546.97 581.78 601 1333.13 1308.65 1152.25 1075.53 1235.33 1444.41 1446.4 1732.02
Core EBITDA Margin(%) -0.01 4 3.67 -1.09 5.46 7.9 2.84 4.36 5.66 5.52 8.95
EBIT Margin(%) 4.13 7.17 4.9 0.94 12.55 12.3 5.82 6.46 6.88 9.48 12.61
Pre Tax Margin(%) 3.64 7.06 4.84 0.86 12.49 12.21 5.73 6.39 6.83 9.44 12.58
PAT Margin (%) 2.63 5.39 2.96 2.45 11.22 8.38 4.47 5.01 5.26 7.34 9.34
Cash Profit Margin (%) 3.83 7.38 4.53 4.36 12.8 9.9 5.87 5.99 6.03 7.98 9.96
ROA(%) 2.34 5.29 2.88 1.28 4.93 3.91 2.4 2.73 2.81 4.36 5.61
ROE(%) 3.18 6.38 3.45 1.43 5.35 4.33 2.74 3.18 3.35 5.39 7.08
ROCE(%) 4.68 8.34 5.59 0.54 5.92 6.29 3.54 4.09 4.36 6.94 9.55
Receivable days 53.01 20.72 24.23 24.7 8.22 8.91 11.64 10.41 10.25 9.36 12.1
Inventory Days 73.57 62.95 61.33 84.43 58.54 46.37 57.02 48.42 40.78 35.69 31.92
Payable days 70.6 33.04 30.25 43.76 61.34 91.74 105.7 145.17 144.92 108.7 119.04
PER(x) 21.45 38.89 46.41 112.24 18.76 26.3 49.22 54.7 41.26 23.63 0
Price/Book(x) 0.67 2.41 1.58 1.16 1.01 1.22 1.39 1.63 1.28 1.27 0
Dividend Yield(%) 0.27 0.07 0.11 0.06 0.08 0.07 0.07 0.05 0.05 0 0
EV/Net Sales(x) 0.54 2.09 1.38 2.84 2.11 2 2.06 2.7 2.14 1.72 -0.02
EV/Core EBITDA(x) 10.06 22.77 21.36 96.98 14.86 14.5 28.57 36.26 28.04 17 -0.16
Net Sales Growth(%) -21.75 2.37 2.82 -20.32 14.34 1.53 7.18 7.64 16.08 24.53 13.6
EBIT Growth(%) 19.19 77.84 -29.54 -84.4 1398.49 -0.97 -49.28 19.48 23.49 71.65 51.15
PAT Growth(%) 64.2 109.93 -43.29 -32.39 411.52 -24.6 -42.78 20.57 22.01 73.69 44.42
EPS Growth(%) 64.2 109.93 -43.29 -32.39 411.52 -24.6 -42.78 20.57 22.01 73.69 44.42
Debt/Equity(x) 0.02 0.02 0.03 0.01 0.01 0.01 0 0 0 0 0
Current Ratio(x) 2.46 3.2 3.1 4.49 2.7 3.24 2.07 1.98 1.43 1.42 1.37
Quick Ratio(x) 1.39 1.64 2 2.38 2.01 2.26 1.27 1.51 0.79 0.87 1.01
Interest Cover(x) 8.37 64.78 72.14 12.41 197.49 136.91 63.58 91.15 161.46 294.38 441.16
Total Debt/Mcap(x) 0.03 0.01 0.02 0.01 0.01 0.01 0 0 0 0 0

JL Morison India Shareholding Pattern

# Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Promoter 74.89 74.89 74.89 74.89 74.89 74.89 74.89 74.89 74.89 74.89
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 25.1 25.1 25.1 25.1 25.1 25.1 25.1 25.1 25.1 25.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

JL Morison India News

JL Morison India Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 108.7 to 119.04days.
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