Jyoti Global Plast Ltd (JYOTIGLOBL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Jyoti Global Plast Limited was incorporated on January 06, 2004 as ‘Jyoti Polycontainers Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 06, 2004 issued by the Registrar of Companies, Maharashtra at Mumbai. Further, the name of the company was changed to ‘Jyoti Global Plast Private Limited’ pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on April 23, 2022, consequent upon which, a fresh certificate of incorporation dated May 11, 2022 was issued by the Registrar of Companies, Maharashtra at Mumbai. Subsequently, the company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on October 25, 2024 and the name of the company was changed to ‘Jyoti Global Plast Limited’ with a fresh certificate of incorporation dated December 30, 2024, issued to the company by the Assistant Registrar of Companies, Central Registration Centre.

The company is engaged in the business of plastic & FRP (Fiber-Reinforced Polymer) moulding, providing custom solutions based on client-specific requirements for polymer-based products (HDPE-PP grade) such as drums, carboys, jerrycans, barrels, pail buckets, toys, automobile parts, etc. and FRP based products such as drone components and connectors. Its products are used in industries such as pharmaceutical, chemical, food & beverage, lube and industrial oil, adhesives, childcare, automotive, defence and aerospace, etc. it closely collaborates with its clients to understand their unique requirements, optimizing the manufacturing process to meet their individual needs, offering superior quality and cost-effective solutions. With a commitment to delivering value, its products are crafted using cutting-edge moulding technologies. It leverages advanced blow moulding and injection moulding technologies to produce a wide range of packaging and non-packaging products, including HDPE drums, barrels, jerrycans, bottles, toys etc., and automobile components and defence & aerospace products such as drone components and connectors. Additionally, injection moulding technology is also utilized on a job-work basis for creating durable HDPP-based products such as pail buckets.

Its manufacturing units are equipped with latest technology, advanced automation, and an integrated conveyor system, boasting superior in-house facilities for extrusion, blow-moulding and injection moulding processes, cooling and solidification, quality inspection and product labelling and packaging, ensuring that the highest standards of quality, precision, performance and cost-effectiveness are met across all its products. Additionally, its in-house logistics network enhances the supply chain, enabling faster deliveries and more cost-effective operations. Furthermore, it utilises specialised quality testing equipment for raw materials and finished goods to ensure compliance with recognized international and Indian quality standards.

Business area of the company

The company is engaged in manufacturing and supply of high-quality Poly Containers. Its products are used in industries such as pharmaceutical, chemical, food & beverage, lube and industrial oil, adhesives, childcare, automotive, defence and aerospace, etc.

Products of the company

• Narrow mouth
• Full Open-Top Drum
• Jerry can
• Small packaging
• Wide mouth
• Pail bucket
• Toys
• Automobile parts
• Connectors
• Drone parts and components

History and milestones

• 2004: Incorporated as Jyoti Polycontainers Private Limited.
• 2005: Set up a factory (Unit-I) at R554 & 555 T.T.C Industrial Area, MIDC, Thane-Belapur Road, Rabale, Navi Mumbai, Thane, Maharashtra, 400701 for production of polymer based plastic containers.
• 2016: Set Up 210 Litre (Modified) Automatic Blow Moulding Machine for Production of blow moulded large plastic products.
• 2022: Acquired on lease plot No. D-61/2, MIDC Mahad industrial Area, Village, Taluka Mahad, District, Raigad, Birwadi, Raigad, Maharashtra,402302 with Land of Area of 15812 Sq. mtrs for the proposed expansion.
• 2022: Name of the Company was changed from ‘Jyoti Polycontainers Private Limited’ to ‘Jyoti Global Plast Private Limited’.
• 2024: Received ISO 9001:2015 certification for manufacture and supply of Blow Moulded Plastic Carbouys, Jerrycans and Barrels.
• 2024: The company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Jyoti Global Plast Limited’.
• 2024: UN Certificate from ERPL PTE LTD (Certification for the design type described in certificate have tested in accordance with provision of United Nation Recommendation of Transport of Dangerous Goods (21st Revised Edition 2020), Chapter 6, International Maritime Dangerous Goods (IMDG) -2022 Edition, International civil Aviation Organisation (ICAO) (2021-2022 edition), International Air Transport Association (IATA)-65th edition - 2024.