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Jyoti Resins & Adhesives Ltd (514448)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514448 NSE: Chemicals | Small Cap | Jyoti Resins&Adhesiv Share Price

₹876.50 -15.55 (-1.74%)

As on 04-Jun'26 16:59

Jyoti Resins & Adhesives Ltd (514448)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514448 NSE: Chemicals | Small Cap | Jyoti Resins&Adhesiv Share Price

₹876.50 -15.55 (-1.74%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,052 Cr.
Current Price
₹876.5
52-Week Low / High
₹700 / 1,570
TTM EPS
₹58.3
TTM Sales
₹315 Cr.
Book Value per Share
₹226.6
P/E Ratio
15.03
Lower than its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
3.87
Lower than its 5-year historical median
Price to Sales (P/S)
3.34
Lower than its 5-year historical median
EV/EBITDA
9.66
Lower than its 5-year historical median
Dividend Yield
0.73%
Profitability Efficiency
Return on Equity (ROE)
40.83%
Outperforms industry median
Return on Capital Employed (ROCE)
54.64%
Outperforms industry median
Return on Assets (ROA)
22.39%
Operating Profit Margin
31.5%
Net Profit Margin
26%
Gross Profit Margin
35.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.06%
Asset Quality
Promoter Holding
54.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹260 Cr.
Equity
₹12 Cr.
Face Value
₹10
All Time Low / High
₹0.10 / 1818.45

Jyoti Resins & Adhesives stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is Jyoti Resins & Adhesives Ltd a good quality company?
Jyoti Resins & Adhesives Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Jyoti Resins & Adhesives Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jyoti Resins & Adhesives Ltd vs industry peers?
Jyoti Resins & Adhesives Ltd revenue CAGR is 31.04%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jyoti Resins & Adhesives Ltd?
Promoters hold 54.37% of the Jyoti Resins & Adhesives Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jyoti Resins & Adhesives Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 38.5% based on the current price.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.2%10.1%17.9%43.1%87.1%72.9%72.4%91.1%75.2%54.6%-
Value Creation
Index
-0.3-0.30.32.15.24.24.25.54.42.9-

Growth Parameters

Sales 47.142.454.268.773.5101182261257284315
Sales YoY Gr.--10.1%28.1%26.7%7.1%37.8%79.6%43.6%-1.5%10.4%-
Adj EPS 0.20.30.91.87.49.315.838.755.961.658.3
YoY Gr.-83.3%163.6%110.3%301.6%27.1%68.6%145.7%44.5%10.1%-
BVPS (₹) 3.63.94.76.613.322.638.174.3124.5177.1226.6
Adj Net
Profit
0.20.41.12.28.811.218.946.467.173.970
Cash Flow from Ops. 0.83.73.14.36.910.42.60.926.914.8-
Debt/CF from Ops. 9.52.10.10.20.200000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.1%31%16%10.4%
Adj EPS 91.2%53%57.5%10.1%
BVPS54.1%67.8%66.9%42.2%
Share Price 35.1% 26.5% -14.4% -36%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.28.920.332.448.63135.555.149.337.428.9
Op. Profit
Mgn %
2.73.13.24.215.910.313.423.232.631.527
Net Profit
Mgn %
0.50.91.93.21211.110.417.826.12622.2
Debt to
Equity
1.81.70.10.10.1000000
Working Cap
Days
161227311315365281160150188191189
Cash Conv.
Cycle
98145268272281202126103112124120

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4742546974101182261257284
Operating Expenses + 464152666391158201173195
Manufacturing Costs19414821272717
Material Costs171933463545921136274
Employee Cost 47910121315182530
Other Costs 24668122531435973
Operating Profit 1123101024618489
Operating Profit Margin (%) 2.7%3.1%3.2%4.2%14.1%10.3%13.1%23.2%32.6%31.5%
Other Income + 00011632711
Exceptional Items 0000000000
Interest 1100000000
Depreciation 0000011112
Profit Before Tax 0113111626619099
Tax 0001347152225
Profit After Tax 001281220466774
PAT Margin (%) 0.5%0.9%1.9%3.2%11.0%12.0%10.9%17.8%26.1%26.0%
Adjusted EPS (₹)0.20.30.91.86.810.116.538.755.961.6
Dividend Payout Ratio (%)0%0%0%0%12.40%9.90%15.20%15.50%16.10%14.60%

Valuation of Jyoti Resins&Adhesiv - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4568284463106166229
Share Capital 4444444121212
Reserves 012424405994154217
Debt +8801100000
Long Term Debt2001100000
Short Term Debt6800000000
Minority Interest0000000000
Trade Payables8723422141015
Others Liabilities 929497187988790115124
Total Liabilities 29495882120144152211292368

Fixed Assets

Net Fixed Assets +1145193946474848
Gross Block3368224351535557
Accumulated Depreciation2223344678
CWIP 0000000000
Investments 0000630002
Inventories6655959557
Trade Receivables213743545352649194126
Cash Equivalents flag 034818242431111153
Others Assets 1211016218363433
Total Assets 29495882120144152211292368

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1434710312715
PBT 0113111626619099
Adjustment 010-01-4-2-1-3-8
Changes in Working Capital 1322-21-15-46-36-51
Tax Paid -0-0-0-1-3-3-7-14-23-25
Cash Flow From Investing Activity + -0-1-2-1-7-9-2-058
Capex -00-3-1-2-16-8-2-2-2
Net Investments -00-0-0-66400-1
Others 0-1201122711
Cash Flow From Financing Activity + -1-1000-2-1-3-7-11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-1-0000
Interest Paid 0-1-0-0-0-0-0-0-0-0
Dividend Paid 00000-1-1-3-7-11
Others -100-0-00000-0
Net Cash Flow 02230-1-1-22412

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)5.198.7320.2832.3967.956.4254.2468.8556.2640.83
ROCE (%)9.2110.0617.8743.0687.1372.8572.4391.0575.1654.64
Asset Turnover Ratio2.151.51.040.980.730.771.231.441.020.86
PAT to CFO Conversion(x)N/AN/A320.880.830.150.020.40.2
Working Capital Days
Receivable Days121.30182.30267.10259.20266.40189.60116.80108.80131.50141
Inventory Days36.1035.6036.1028.303525.5014.509.807.107.60
Payable Days144.20145.9053.1020.7035.3024.508.3026.3070.5060.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jyoti Resins & Adhesives Ltd FAQs

The current trading price of Jyoti Resins&Adhesiv on 04-Jun-2026 16:59 is ₹876.5.

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 03-Jun-2026 the market cap of Jyoti Resins&Adhesiv stood at ₹1,051.8 Cr

The latest P/E ratio of Jyoti Resins&Adhesiv as of 03-Jun-2026 is 15.03.

The latest P/B ratio of Jyoti Resins&Adhesiv as of 03-Jun-2026 is 3.87.

The 52-week high of Jyoti Resins&Adhesiv is ₹1,570 and the 52-week low is ₹700.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jyoti Resins&Adhesiv is ₹315 ( Cr.) .

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

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

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.

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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