Jyoti Resins & Adhesives Ltd - Stock Valuation and Financial Performance

BSE: 514448 | NSE: | Chemicals | Small Cap

Jyoti Resins&Adhesiv Share Price

1,418 -23.10 -1.60%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Jyoti Resins&Adhesiv

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Jyoti Resins & Adhesives stock performance -

mw4me loader
P/E Ratio (SA):
28.78
Market Cap:
1,729.3 Cr.
52-wk low:
1,181.1
52-wk high:
1,780.1

Is Jyoti Resins & Adhesives Ltd an attractive stock to invest in?

1. Is Jyoti Resins & Adhesives Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jyoti Resins & Adhesives Ltd is a average quality company.

2. Is Jyoti Resins & Adhesives Ltd undervalued or overvalued?

The key valuation ratios of Jyoti Resins & Adhesives Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Jyoti Resins & Adhesives Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jyoti Resins & Adhesives Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Jyoti Resins&Adhesiv:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jyoti Resins & Adhesives Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%5.2%6.3%7%12.6%30.8%46.5%30.5%35.5%55.1%-
Value Creation
Index
-0.6-0.6-0.6-0.5-0.11.22.31.21.52.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15.326.647.142.454.268.773.5101182261251
Sales YoY Gr.-74.3%77%-10.1%28.1%26.7%7.1%37.8%79.6%43.6%-
Adj EPS 0.20.20.20.30.91.87.49.315.838.750.1
YoY Gr.--15%5.9%83.3%163.6%110.3%301.6%27.1%68.6%145.7%-
BVPS (₹) 3.43.43.63.94.76.613.322.638.174.3108.8
Adj Net
Profit
0.20.20.20.41.12.28.811.218.946.460
Cash Flow from Ops. -1.8-40.83.73.14.36.910.42.60.9-
Debt/CF from Ops. -2.8-2.49.52.10.10.20.2000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 37.1%37%52.6%43.6%
Adj EPS 79.5%113.6%74%145.7%
BVPS40.9%73.4%77.4%95%
Share Price 86.7% 113.2% 102.1% 15.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.15.15.28.920.332.448.63135.555.154.7
Op. Profit
Mgn %
5.23.42.73.13.24.215.910.313.423.231.1
Net Profit
Mgn %
1.60.80.50.91.93.21211.110.417.823.9
Debt to
Equity
1.32.31.81.70.10.10.1000-
Working Cap
Days
216190161227311315365281160150108
Cash Conv.
Cycle
1501309814526827228120212610351

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 54.70%

Sales growth is growing at healthy rate in last 3 years 52.59%

Net Profit is growing at healthy rate in last 3 years 73.97%

Sales growth is not so good in last 4 quarters at -0.54%

Latest Financials - Jyoti Resins & Adhesives Ltd.

Standalone Consolidated
TTM EPS (₹) 50.1 0
TTM Sales (₹ Cr.) 251 2
BVPS (₹.) 108.8 0
Reserves (₹ Cr.) 119 -2
P/BV 13.24 0.00
PE 28.78 0.00
From the Market
52 Week Low / High (₹) 1181.05 / 1780.05
All Time Low / High (₹) 0.10 / 1818.45
Market Cap (₹ Cr.) 1,729
Equity (₹ Cr.) 12
Face Value (₹) 10
Industry PE 47

Management X-Ray of Jyoti Resins&Adhesiv:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jyoti Resins&Adhesiv

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales15274742546974101182261
Operating Expenses 1426464152666391158201
Manufacturing Costs011941482127
Material Costs71317193346354592113
Employee Cost 234791012131518
Other Costs 692466812253143
Operating Profit 11112310102461
Operating Profit Margin (%) 5.2%3.4%2.7%3.1%3.2%4.2%14.1%10.3%13.1%23.2%
Other Income 0000011632
Interest 0111000000
Depreciation 0000000111
Exceptional Items 0000000000
Profit Before Tax 00011311162661
Tax 00000134715
Profit After Tax 0000128122046
PAT Margin (%) 1.6%0.8%0.5%0.9%1.9%3.2%11.0%12.0%10.9%17.8%
Adjusted EPS (₹)0.20.20.20.30.91.86.810.116.538.7
Dividend Payout Ratio (%)0%0%0%0%0%0%12%10%15%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 444568284463106
Share Capital 44444444412
Reserves 00012424405994
Minority Interest0000000000
Debt5988011000
Long Term Debt2220011000
Short Term Debt3768000000
Trade Payables26872342214
Others Liabilities 22929497187988790
Total Liabilities 132129495882120144152211

Fixed Assets

Gross Block33336822435153
Accumulated Depreciation2222233446
Net Fixed Assets11114519394647
CWIP 0000000000
Investments 0000006300
Inventories3566559595
Trade Receivables9152137435453526491
Cash Equivalents 00034818242431
Others Assets00121101621836
Total Assets 132129495882120144152211

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2-4143471031
PBT 00011311162661
Adjustment 0001001-4-2-1
Changes in Working Capital -2-41322-21-15-46
Tax Paid 00000-1-3-3-7-14
Cash Flow From Investing Activity 000-1-2-1-7-9-20
Capex 0000-3-1-2-16-8-2
Net Investments 000000-6640
Others 000-1201122
Cash Flow From Financing Activity 24-1-1000-2-1-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000-100
Interest Paid 000-1000000
Dividend Paid 0000000-1-1-3
Others 24-10000000
Net Cash Flow 0002230-1-1-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.15.075.198.7320.2832.3967.956.4254.2468.85
ROCE (%)8.077.479.2110.0617.8743.0687.1372.8572.4391.05
Asset Turnover Ratio1.51.782.151.51.040.980.730.771.231.44
PAT to CFO Conversion(x)-INF-INFINFINF320.880.830.150.02
Working Capital Days
Receivable Days171144121182267259266190117109
Inventory Days44453636362835251410
Payable Days13811614414653213524826

Jyoti Resins & Adhesives Ltd Stock News

Jyoti Resins & Adhesives Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jyoti Resins&Adhesiv on 28-Mar-2024 16:01 is ₹1,418.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Jyoti Resins&Adhesiv stood at ₹1,729.3.
The latest P/E ratio of Jyoti Resins&Adhesiv as of 28-Mar-2024 16:01 is 28.78.
The latest P/B ratio of Jyoti Resins&Adhesiv as of 28-Mar-2024 16:01 is 13.24.
The 52-week high of Jyoti Resins&Adhesiv is ₹1,780.1 and the 52-week low is ₹1,181.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jyoti Resins&Adhesiv is ₹251.1 ( Cr.) .

About Jyoti Resins & Adhesives Ltd

Jyoti Resins & Adhesives was incorporated in 1993. The main business of Jyoti Resins & Adhesives is plastics resins. The company’s plants are located in Santej (Mahesana, Gujarat).

In 2002, Jyoti Resins & Adhesives informed that the board of directors of the company at its meeting held on July 26, 2002 approved for sub division of equity shares of Rs 10 each paid up into Re 1 each paid up.

Business areas of the company:

The group's principal activity is to manufacture and market adhesives and paints products. The group's products include maleic resins, paints and alkyd resins.

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