Jyoti Resins and Adhesives Ltd
Jyoti Resins And Adhesives Ltd. is a manufacturer of synthetic resin adhesives. The company manufactures various types of wood adhesives (white glue), under the brand name of EURO 7000 , which was launched in 2006, and is now the second largest selling wood adhesive brand in India in the retail segment.
- Market Cap ₹ 1,640 Cr.
- Current Price ₹ 1,367
- High / Low ₹ 1,635 / 1,011
- Stock P/E 22.2
- Book Value ₹ 191
- Dividend Yield 0.65 %
- ROCE 50.0 %
- ROE 37.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 56.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
- Company's median sales growth is 27.4% of last 10 years
Cons
- Stock is trading at 7.27 times its book value
- Company has high debtors of 161 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 26 | 46 | 41 | 54 | 69 | 74 | 101 | 182 | 261 | 257 | 284 | |
14 | 25 | 45 | 40 | 52 | 66 | 62 | 91 | 158 | 201 | 173 | 195 | |
Operating Profit | 1 | 1 | 1 | 1 | 2 | 3 | 12 | 10 | 24 | 61 | 84 | 89 |
OPM % | 5% | 3% | 3% | 3% | 3% | 4% | 16% | 10% | 13% | 23% | 33% | 31% |
0 | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 3 | 2 | 7 | 11 | |
Interest | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
Profit before tax | 0 | 0 | 0 | 1 | 1 | 3 | 11 | 16 | 26 | 61 | 90 | 99 |
Tax % | 31% | 33% | 33% | 31% | 30% | 28% | 27% | 25% | 25% | 24% | 25% | 25% |
0 | 0 | 0 | 0 | 1 | 2 | 8 | 12 | 20 | 46 | 67 | 74 | |
EPS in Rs | 0.20 | 0.18 | 0.18 | 0.32 | 0.88 | 1.83 | 6.75 | 10.14 | 16.47 | 38.70 | 55.93 | 61.57 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 10% | 15% | 16% | 16% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 27% |
5 Years: | 31% |
3 Years: | 16% |
TTM: | 10% |
Compounded Profit Growth | |
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10 Years: | 80% |
5 Years: | 56% |
3 Years: | 59% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 76% |
5 Years: | 104% |
3 Years: | 18% |
1 Year: | 5% |
Return on Equity | |
---|---|
10 Years: | 42% |
5 Years: | 43% |
3 Years: | 45% |
Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 |
Reserves | 0 | 0 | 0 | 1 | 2 | 4 | 24 | 40 | 59 | 94 | 154 | 217 |
5 | 9 | 8 | 8 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
4 | 7 | 17 | 36 | 51 | 74 | 91 | 100 | 89 | 105 | 104 | 139 | |
Total Liabilities | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 270 | 368 |
1 | 1 | 1 | 1 | 4 | 5 | 19 | 39 | 46 | 47 | 48 | 48 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 | 0 | 2 |
12 | 20 | 28 | 48 | 53 | 77 | 96 | 102 | 105 | 163 | 222 | 318 | |
Total Assets | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 270 | 368 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | -4 | 1 | 4 | 3 | 4 | 7 | 10 | 3 | 1 | 27 | 15 | |
0 | -0 | -0 | -1 | -2 | -1 | -7 | -9 | -2 | -0 | 5 | 8 | |
2 | 4 | -1 | -1 | 0 | 0 | 0 | -2 | -1 | -3 | -7 | -11 | |
Net Cash Flow | -0 | 0 | 0 | 2 | 2 | 3 | 0 | -1 | -1 | -2 | 24 | 12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 222 | 205 | 165 | 333 | 294 | 288 | 264 | 188 | 129 | 128 | 133 | 161 |
Inventory Days | 140 | 139 | 121 | 110 | 57 | 43 | 89 | 44 | 36 | 16 | 29 | 28 |
Days Payable | 135 | 162 | 166 | 142 | 26 | 23 | 41 | 17 | 8 | 46 | 58 | 61 |
Cash Conversion Cycle | 227 | 182 | 119 | 301 | 325 | 308 | 313 | 214 | 157 | 98 | 104 | 128 |
Working Capital Days | 186 | 166 | 85 | 66 | -13 | -22 | -82 | -98 | -15 | 1 | 10 | 33 |
ROCE % | 8% | 7% | 9% | 10% | 18% | 43% | 57% | 40% | 46% | 73% | 66% | 50% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - One-on-one virtual meeting with domestic institutional investor on 16.05.2025 scheduled.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 May - Jyoti Resins reports 12% volume growth FY25, plans 1,500 ton capacity expansion, targets 20-25% revenue growth FY26.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 May - Audio recording of Q4 & FY25 results conference call available online.
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 May - Investor Presentation of Q4 & FY 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, 08Th May, 2025
8 May - Approved FY25 audited results; declared Rs.9 final dividend; proposed office relocation, all subject to shareholder approval.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
Market Leadership
The company’s brand Euro 7000 is the 2nd largest wood adhesive white glue brand in India in the retail segment. [1]