Is JG Chemicals Ltd (JGCHEM) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JG Chemicals Ltd is a good quality company .

Is JG Chemicals Ltd (JGCHEM) undervalued or overvalued?

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

What is JG Chemicals Ltd (JGCHEM) share price return in the past 10 years?

Data is not available for this company

Is JG Chemicals Ltd (JGCHEM) a good buy now?

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

What is the share price of JG Chemicals Ltd (JGCHEM)?

Company share prices are keep on changing according to the market conditions. The current trading price of JG Chemicals Ltd (JGCHEM) on 05-Dec-2025 15:40:00 at 15:40 is 370.00.

What is the P/E ratio of JG Chemicals?

The latest standalone P/E ratio of JG Chemicals as of 05-Dec-2025 is 73.35.

What is the P/B ratio of JG Chemicals Ltd (JGCHEM)?

The latest standalone P/B ratio of JG Chemicals Ltd (JGCHEM) as of 05-Dec-2025 is 4.67.

What is the 52-week high and low of JG Chemicals Ltd (JGCHEM)?

The 52-week high of JG Chemicals Ltd (JGCHEM) is Rs. 558.40 and the 52-week low is Rs. 290.25.

JG Chemicals Ltd (JGCHEM) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Name: JG Chemicals Ltd (JGCHEM)
Brand: JG Chemicals

BSE: 544138 | NSE: JGCHEM | Chemicals | Small Cap

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JG Chemicals Share Price

₹370 -11.90 -3.12%
as on 05-Dec'25 15:40

JG Chemicals Ltd (JGCHEM) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544138 | NSE: JGCHEM | Chemicals | Small Cap

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DeciZen - make an informed investing decision on JG Chemicals

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

JG Chemicals stock performance -

Key Ratios

P/E Ratio (SA):

73.35

Market Cap:

1,496.5 Cr.

52-wk low:

290.3

52-wk high:

558.4

Is JG Chemicals Ltd an attractive stock to invest in?

10 Year X-Ray of JG Chemicals: Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	23.1%	29.9%	40%	27.1%	17.9%	14%	21.3%	28.3%	7.3%	9.1%	-
Value Creation Index ⓘ	0.7	1.1	1.9	0.9	0.3	0	0.5	1.0	-0.5	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	180	228	252	258	226	188	257	335	245	272	266
Sales YoY Gr.	-	26.4%	10.4%	2.4%	-12.3%	-16.9%	36.6%	30.7%	-27%	11.1%	-
Adj EPS ⓘ	1.5	2.9	4.7	3.7	2.7	1.9	3.7	6.6	2.4	5.2	5.2
YoY Gr.	-	100.7%	62.9%	-21.1%	-26.7%	-30.3%	93.2%	78.6%	-63%	111.1%	-
BVPS (₹) ⓘ	6.6	9.6	14.8	19.1	22.4	24.5	29.5	37.4	73.9	79.6	81.9
Adj Net Profit ⓘ	4.6	9.2	15	11.9	8.7	6.1	11.7	20.9	9.6	20.2	20
Cash Flow from Ops. ⓘ	1.3	-7.5	19.4	-3.9	28.2	4.1	-3.1	6.1	27.7	-13.4	-
Debt/CF from Ops. ⓘ	24.2	-5.7	1.5	-9.6	0.7	5.4	-7.7	2.2	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.7%	3.8%	1.9%	11.1%
Adj EPS ⓘ	15.1%	13.5%	11.8%	111.1%
BVPSⓘ	31.9%	28.9%	39.3%	7.7%
Share Price	-	-	-	-15.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	24.9	35.9	38.9	22.1	13.2	8.1	13.7	19.7	4.7	6.7	6.5
Op. Profit Mgn % ⓘ	5.9	7.9	11.1	7.3	4.1	5.4	5.7	8.4	4.4	5.2	4.5
Net Profit Mgn % ⓘ	2.6	4	6	4.6	3.9	3.2	4.6	6.2	3.9	7.4	7.7
Debt to Equity ⓘ	1.4	1.4	0.6	0.6	0.3	0.3	0.3	0.1	0	0	0
Working Cap Days ⓘ	94	100	112	106	124	161	133	121	176	192	154
Cash Conv. Cycle ⓘ	72	77	87	79	84	102	96	84	103	98	146

Recent Performance Summary

Latest Financials - JG Chemicals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.2	15.9
TTM Sales (₹ Cr.)	266	872
BVPS (₹.) ⓘ	81.9	125.9
Reserves (₹ Cr.) ⓘ	282	454
P/BV ⓘ	4.67	3.03
PE ⓘ	73.35	23.95

From the Market
52 Week Low / High (₹)	290.25 / 558.40
All Time Low / High (₹)	171.00 / 558.40
Market Cap (₹ Cr.)	1,497
Equity (₹ Cr.)	39.2
Face Value (₹)	10
Industry PE ⓘ	48.1

Management X-Ray of JG Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of JG Chemicals - Standalone Basis

Analyst's Notes

No data found!

Key Ratios of JG Chemicals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	180	228	252	258	226	188	257	335	245	272
Operating Expenses ⓘ	170	210	224	239	217	179	242	309	234	260
Manufacturing Costs	9	9	9	12	11	9	13	16	13	15
Material Costs	151	182	193	214	193	158	213	272	202	221
Employee Cost	2	3	4	3	4	6	7	7	8	9
Other Costs ⓘ	8	16	18	10	9	7	8	14	11	16
Operating Profit ⓘ	11	18	28	19	9	9	15	27	10	12
Operating Profit Margin (%)	5.8%	7.9%	11.1%	7.3%	4.1%	4.6%	5.7%	7.9%	4.2%	4.3%
Other Income ⓘ	1	1	3	5	8	5	9	9	8	17
Interest ⓘ	4	4	4	4	3	2	2	1	1	0
Depreciation ⓘ	0	1	1	1	1	0	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	-2	0
Profit Before Tax ⓘ	8	15	26	19	14	12	21	34	14	27
Tax ⓘ	3	5	9	6	4	5	5	9	4	7
Profit After Tax	5	9	16	14	10	7	16	25	11	20
PAT Margin (%)	2.8%	4.1%	6.5%	5.3%	4.6%	3.7%	6.2%	7.5%	4.4%	7.4%
Adjusted EPS (₹)	1.6	3.0	5.2	4.3	3.3	2.2	5.0	8.0	2.8	5.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	20%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund	21	30	47	60	71	78	93	119	290	312
Share Capital ⓘ	1	1	1	1	1	1	1	32	39	39
Reserves ⓘ	20	29	46	59	70	76	92	87	250	273
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	30	43	29	37	20	22	24	13	0	0
Long Term Debt	4	4	0	0	0	0	0	0	0	0
Short Term Debt	26	39	28	37	19	22	24	13	0	0
Trade Payables	3	3	1	4	2	3	3	3	4	4
Others Liabilities ⓘ	1	6	8	1	1	4	3	2	17	6
Total Liabilities ⓘ	55	82	85	103	94	107	123	137	311	322
Fixed Assets
Gross Block	9	10	10	11	11	6	7	7	12	10
Accumulated Depreciation	5	5	6	6	7	1	2	2	3	3
Net Fixed Assets ⓘ	4	5	4	4	4	5	5	5	9	7
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	1	1	1	9	11	11	6	44	45
Inventories	18	29	27	42	24	19	43	28	23	39
Trade Receivables	22	32	36	32	28	39	40	50	44	49
Cash Equivalents ⓘ	1	0	1	1	0	5	5	4	144	98
Others Assetsⓘ	8	14	15	23	28	27	18	43	48	84
Total Assets ⓘ	55	82	85	103	94	107	123	137	311	322

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ	1	-8	19	-4	28	4	-3	6	28	-13
PBT ⓘ	8	15	26	19	14	12	21	34	16	27
Adjustment ⓘ	3	4	5	5	3	-1	-2	-0	-2	-12
Changes in Working Capital ⓘ	-6	-22	-3	-19	15	-2	-17	-19	18	-21
Tax Paid ⓘ	-3	-4	-8	-9	-4	-4	-5	-9	-3	-7
Cash Flow From Investing Activity ⓘ	0	-2	-1	-1	-8	-1	3	5	-141	8
Capex	-1	-2	-1	-1	-0	-2	-0	-1	-3	-1
Net Investments	0	0	0	0	-8	-0	3	5	-131	31
Others ⓘ	1	-0	0	0	0	1	1	2	-7	-22
Cash Flow From Financing Activityⓘ	-2	9	-18	4	-20	1	-0	-12	154	-15
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	152	0
Net Proceeds from Borrowing ⓘ	0	0	0	-0	-0	-0	-0	-0	0	0
Interest Paid ⓘ	-3	-4	-4	-4	-3	-2	-2	-1	-1	-0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	2	13	-14	9	-17	3	2	-11	2	-15
Net Cash Flow ⓘ	0	-1	1	-0	-0	4	-0	-0	40	-20

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	27.06	36.63	42.63	25.28	15.91	9.29	18.46	23.76	5.28	6.66
ROCE (%)	23.14	29.85	39.98	27.12	17.94	14.02	21.3	28.31	7.25	9.13
Asset Turnover Ratio	3.45	3.35	3.03	3.2	2.64	1.87	2.23	2.58	1.09	0.86
PAT to CFO Conversion(x)	0.2	-0.89	1.19	-0.29	2.8	0.57	-0.19	0.24	2.55	-0.65
Working Capital Days
Receivable Days	44	44	49	41	42	65	56	49	70	63
Inventory Days	36	38	41	42	46	42	45	39	38	41
Payable Days	9	5	4	4	6	6	6	4	7	6

JG Chemicals Ltd Stock News

JG Chemicals Ltd FAQs

The current trading price of JG Chemicals on 05-Dec-2025 15:40 is ₹370.0.

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 04-Dec-2025 the market cap of JG Chemicals stood at ₹1,496.5.

The latest P/E ratio of JG Chemicals as of 04-Dec-2025 is 73.35.

The latest P/B ratio of JG Chemicals as of 04-Dec-2025 is 4.67.

The 52-week high of JG Chemicals is ₹558.4 and the 52-week low is ₹290.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JG Chemicals is ₹266.4 ( Cr.) .

About JG Chemicals Ltd

JG Chemicals Limited was initially formed as a partnership firm on March 15, 1975 under the name ‘J.G.Chemicals’ at West Bengal as a partnership at will which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, West Bengal in 1983. Subsequently, the partnership firm was converted into a joint stock company and was registered as a private limited company in the name and style ‘J.G.Chemicals Private Limited’ pursuant to a certificate of incorporation dated June 28, 2001, issued by RoC, in accordance with provisions of the Companies Act, 1956. Thereafter, pursuant to a resolution passed at the meeting of the Board of Directors held on March 16, 2022, and a special resolution of the Shareholders at the EGM held on April 30, 2022, the name of the Company was changed to J.G.Chemicals Limited, pursuant to its conversion into a public limited company. A fresh certificate of incorporation dated May 24, 2022, consequent upon conversion, was issued by the RoC.

JG Chemicals is India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturing through French process, which is the dominant production technology for producing zinc oxide and has been adopted by all the major producers in Americas, Europe and Asia. The market share of the company is around 30% as on March 2022. It sells many grades of zinc oxide and are among the top ten manufacturers of zinc oxides globally. Since its incorporation in 2001, the company has expanded its business and scale of operations and has grown into a large, diversified zinc oxide player with a global footprint. Its product caters to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas and animal feed.

Owing to its legacy of over four decades in manufacturing businesses, it benefits from its experience in catering to a wide array of customers and it has built a long-standing relationship with customers across end-user industries in the tyres, ceramics, rubber, paints, cosmetics and batteries industry. As a manufacturer of zinc oxide, it is a pre-requisite in most of its end-use industries for its products to be customised according to the specifications by customers, which usually acts as a significant entry barrier. Further, high cost of product development, complexity of the chemistry involved in innovating and tailoring its products to the customised needs of its customers, which requires necessary technical expertise and lengthy and stringent supplier qualification process are the other entry barriers in its business.

Business area of the company

The company is engaged in the business of manufacturing of Zinc Oxide & allied product.

Awards, accreditations and accolades

2018: Recognised as a ‘One Star Export House’ by DGFT, Ministry of Commerce and Industry, India
2018: Obtained ISO 14001: 2015 certifications for environment management system at the Registered Office, Belur Facility and Jangalpur Facility.
2018: Obtained ISO 9001: 2015 certifications for quality management system at the Registered Office, Belur Facility and Jangalpur Facility.
2020: Obtained ISO 45001: 2018 certifications for occupational health and safety management system at the Registered Office, Belur Facility and Jangalpur Facility.
2021: Obtained ISO 14001: 2015 certifications for environment management system at the Naidupeta Facility.
2021: Obtained ISO 45001: 2018 certifications for occupational health and safety management system at the Naidupeta Facility.
2021: Obtained ISO 9001: 2015 certifications for quality management system at the Naidupeta Facility.
2021: Apollo Gold Partner Award-Quality Champion by Apollo Tyres Limited.
2022: Obtained IATF 16949 certificate for manufacture of zinc oxide powder at Naidupeta Facility.
2023: Recognised as a ‘TwoStar Export House’ by DGFT, Ministry of Commerce and Industry, India.
2023: Obtained WHO GMP certificatefor manufacture and supply of pharma grade zinc oxide at the Naidupeta Facility.

History and milestones

2001: Conversion of its partnership firm into a private limited company.
2001: Commencement of operations at Belur Facility.
2004: Commencement of operations at Jangalpur Facility.
2016: Commencement of operations at Naidupeta Facility.
2022: Achieved Rs 600 crore in consolidated turnover.

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JG Chemicals Ltd (JGCHEM) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

JG Chemicals Share Price

JG Chemicals Ltd (JGCHEM) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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Is JG Chemicals Ltd an attractive stock to invest in?

10 Year X-Ray of JG Chemicals: Login to view analysis. Share

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials - JG Chemicals Ltd.

Management X-Ray of JG Chemicals: Share

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of JG Chemicals - Standalone Basis Share

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Event Update Share

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Key Ratios of JG Chemicals Share

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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Balance Sheet

Equity and Liabilities

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