At last, the scrip is moving towards its IPO price, Rs. 138/- , but still much lower than its price after listing, which was in the range of 180 to 195 . ( All prices are adjusted for 1: 5 split )
Are you a short term / medium term trader ? In that case you can proceed as you feel, but if you are a long term investor like me, you can be different.
I have bought my holdings in this company for the very long term. I am very impressed by this company and its management, and I don`t plan to sell the shares either now or at any time in future.
hi,
i have also started buying this counter....... apart from the good pe ratios low debt and high roce can u shed more light on other positive issues ...... i might add more for long term then
There is no debt at all. They don`t believe in debt. They earn interest on their FD`s etc. which is shown as other income, and this interest is far larger than the nominal interest they pay to the Bank.
There is steady turnover & profit growth, quarter after quarter, year after year. All in all, an excellent company.
This is a report on the net with the heading," bringing colour to life " :
FMCG player Jyothy Laboratories has evolved from a single product proprietary firm into a multi brand company involved in the manufacture and marketing of products in fabric care, mosquito repellant, surface cleaning, personal care and incense sticks.
The company has 21 manufacturing facilities in 14 locations across India, some of which are tax efficient units. Jyothy has 3000 distributors, 1500 field staff and direct reach of over a million outlets.
Jyothy has recently forayed into the organized laundry services segment “providing World Class laundry at an affordable price” through it’s subsidiary Jyothy Fabricare Services Limited.
Financials
For the Q1 to June 2009, Jyothy reported a 21 per cent increase in Revenues to Rs 119 crore (Rs 98 crore), accompanied with a 22 per cent increase in PAT to Rs 22 crore (Rs 18 crore). EBITDA margin stood at 27 per cent (25 per cent), with Q1 non annualized EPS of Rs 3 (Rs 2.48).
Segmental performance
The soaps and detergents business, including fabric whiteners, fabric detergent, surface cleaning products and soaps witnessed a 24 per cent increase in Q1 FY10 to Rs 83 crore (Rs 67 crore). Brand Ujala registered a 72 per cent market share for the quarter, while “Exo” reported a 22 per cent market share in South India.
Home care products which include mosquito coils, scrubber and incense sticks saw increase in Revenues by 18 per cent to Rs 37 crore (Rs 31 crore). Maxo, the major contributor to the segment garnered a market share of 23 per cent at the end of Q1 FY10.
| NIFTY 
