Jyoti Resins and Adhesives Ltd

Jyoti Resins and Adhesives Ltd

₹ 1,367 0.30%
21 May 2:45 p.m.
About

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.

Key Points

Market Leadership
The company’s brand Euro 7000 is the 2nd largest wood adhesive white glue brand in India in the retail segment. [1]

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
57 64 66 67 65 61 63 62 71 69 65 71 79
50 53 52 50 45 40 42 41 50 46 46 49 54
Operating Profit 8 11 13 16 20 21 21 21 21 23 19 22 24
OPM % 13% 17% 20% 25% 31% 34% 34% 33% 30% 34% 30% 32% 31%
2 0 0 0 2 1 1 1 4 2 3 3 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 9 11 13 16 21 21 22 22 25 25 22 25 27
Tax % 24% 16% 33% 25% 23% 25% 26% 24% 25% 25% 25% 24% 27%
7 9 9 12 16 16 16 16 19 19 16 19 20
EPS in Rs 5.77 7.56 7.34 10.12 13.68 13.11 13.48 13.70 15.64 15.63 13.58 15.88 16.48
Raw PDF

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
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
49.97% 50.82% 50.82% 50.82% 50.82% 50.83% 50.83% 50.83% 50.83% 50.83% 50.83% 50.83%
2.00% 0.74% 0.00% 0.33% 0.33% 0.50% 0.29% 0.30% 0.33% 0.31% 0.12% 0.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.44% 0.54% 0.77%
48.03% 48.44% 49.18% 48.85% 48.84% 48.68% 48.88% 48.79% 48.78% 48.41% 48.52% 48.30%
No. of Shareholders 8,77624,88928,66129,83331,70138,01539,95141,67043,53845,76251,23050,341

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls