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 ₹ 1,274 Cr.
- Current Price ₹ 1,062
- High / Low ₹ 1,818 / 400
- Stock P/E 42.9
- Book Value ₹ 64.5
- Dividend Yield 0.24 %
- ROCE 46.2 %
- ROE 34.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 116% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
- Debtor days have improved from 194 to 129 days.
- Company's median sales growth is 37.8% of last 10 years
Cons
- Stock is trading at 16.4 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 7 | 10 | 15 | 26 | 46 | 41 | 54 | 69 | 74 | 101 | 182 | 236 | |
4 | 6 | 9 | 14 | 25 | 45 | 40 | 52 | 66 | 62 | 91 | 158 | 197 | |
Operating Profit | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 12 | 10 | 24 | 38 |
OPM % | 11% | 11% | 10% | 5% | 3% | 3% | 3% | 3% | 4% | 16% | 10% | 13% | 16% |
0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 3 | 3 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 11 | 16 | 26 | 40 |
Tax % | 33% | -4% | 28% | 31% | 33% | 33% | 31% | 30% | 28% | 27% | 25% | 25% | |
Net Profit | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 8 | 12 | 20 | 30 |
EPS in Rs | 0.13 | 0.47 | 0.39 | 0.20 | 0.18 | 0.18 | 0.32 | 0.88 | 1.83 | 6.75 | 10.14 | 16.47 | 24.75 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 10% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 38% |
5 Years: | 35% |
3 Years: | 38% |
TTM: | 64% |
Compounded Profit Growth | |
---|---|
10 Years: | 42% |
5 Years: | 116% |
3 Years: | 103% |
TTM: | 105% |
Stock Price CAGR | |
---|---|
10 Years: | 83% |
5 Years: | 117% |
3 Years: | 153% |
1 Year: | 170% |
Return on Equity | |
---|---|
10 Years: | 30% |
5 Years: | 34% |
3 Years: | 35% |
Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | |
Reserves | -1 | -1 | -0 | 0 | 0 | 0 | 1 | 2 | 4 | 24 | 40 | 59 | 65 |
1 | 2 | 3 | 5 | 9 | 8 | 8 | 0 | 1 | 1 | 0 | 0 | 0 | |
1 | 2 | 3 | 4 | 7 | 17 | 36 | 51 | 74 | 91 | 100 | 89 | 105 | |
Total Liabilities | 5 | 7 | 10 | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 182 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 19 | 39 | 46 | 46 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 |
4 | 6 | 9 | 12 | 20 | 28 | 48 | 53 | 77 | 96 | 102 | 105 | 136 | |
Total Assets | 5 | 7 | 10 | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 182 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | -0 | -1 | -2 | -4 | 1 | 4 | 3 | 4 | 7 | 10 | 3 | |
-0 | -0 | -0 | 0 | -0 | -0 | -1 | -2 | -1 | -7 | -9 | -2 | |
0 | 0 | 1 | 2 | 4 | -1 | -1 | 0 | 0 | 0 | -2 | -1 | |
Net Cash Flow | 0 | 0 | -0 | -0 | 0 | 0 | 2 | 2 | 3 | 0 | -1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 222 | 220 | 245 | 222 | 205 | 165 | 333 | 294 | 288 | 264 | 188 | 129 |
Inventory Days | 390 | 123 | 112 | 140 | 139 | 121 | 110 | 57 | 43 | 89 | 44 | 36 |
Days Payable | 255 | 159 | 182 | 135 | 162 | 166 | 142 | 26 | 23 | 41 | 17 | 8 |
Cash Conversion Cycle | 356 | 183 | 175 | 227 | 182 | 119 | 301 | 325 | 308 | 313 | 214 | 157 |
Working Capital Days | 277 | 188 | 193 | 186 | 166 | 85 | 66 | -13 | -22 | -82 | -98 | -15 |
ROCE % | 8% | 14% | 15% | 8% | 7% | 9% | 10% | 18% | 43% | 57% | 40% | 46% |
Documents
Announcements
- Board Meeting Intimation for The Meeting Of Board Of The Company Will Be Held At Registered Office Of The Company On 10Th February, 2023 At 11.30 A.M. 2d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate received from Link Intime India Pvt Ltd, Mumbai in due compliance of Regulation 74 (5) of the SEBI ( LODR ) Regulations 2015 for …
- Closure of Trading Window 31 Dec 2022
- Announcement Under Regulation 30 Of The SEBI ( LODR ) Regulation 2015 23 Dec 2022
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Intimation Of Analyst / Institutional Investor Meeting
22 Dec 2022 - The management of the company shall be interacting with Analyst / Institutional Investor.
Annual reports
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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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Market Leadership
The Co.’s brand Euro 7000 has today grown rapidly and is now the 2nd largest selling wood adhesive (white glue) brand in India in the retail segment. [1]