Jyoti Resins and Adhesives Ltd

Jyoti Resins and Adhesives Ltd

₹ 881 1.65%
15 May - close price
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:[1][2]
The company’s brand “Euro 7000 is amongst the top selling wood adhesive (white glue) brand in India in the retail segment and holds a market share of 15–35% in top states.

  • Market Cap 1,058 Cr.
  • Current Price 881
  • High / Low 1,570 / 700
  • Stock P/E 15.1
  • Book Value 241
  • Dividend Yield 1.02 %
  • ROCE 36.5 %
  • ROE 27.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.6%
  • Company's median sales growth is 19.1% of last 10 years

Cons

  • Company has high debtors of 185 days.
  • Working capital days have increased from 59.5 days to 137 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
65 61 63 62 71 69 65 71 79 75 74 72 93
45 40 42 41 50 46 46 49 54 54 54 53 68
Operating Profit 20 21 21 21 21 23 19 22 24 21 20 19 25
OPM % 31% 34% 34% 33% 30% 34% 30% 32% 31% 27% 28% 26% 27%
2 1 1 1 4 2 3 3 3 3 3 3 2
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 21 21 22 22 25 25 22 25 27 23 23 21 27
Tax % 23% 25% 26% 24% 25% 25% 25% 24% 27% 25% 26% 28% 25%
16 16 16 16 19 19 16 19 20 17 17 15 20
EPS in Rs 13.68 13.11 13.48 13.70 15.64 15.63 13.58 15.88 16.48 14.48 14.30 12.81 16.73
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 46 41 54 69 74 101 182 261 257 284 315
25 45 40 52 66 62 91 158 201 173 195 230
Operating Profit 1 1 1 2 3 12 10 24 61 84 89 85
OPM % 3% 3% 3% 3% 4% 16% 10% 13% 23% 33% 32% 27%
0 0 0 0 1 0 6 3 2 7 11 12
Interest 1 1 1 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 1 1 1 1 2 2
Profit before tax 0 0 1 1 3 11 16 26 61 90 99 95
Tax % 33% 33% 31% 30% 28% 27% 25% 25% 24% 25% 25% 26%
0 0 0 1 2 8 12 20 46 67 74 70
EPS in Rs 0.18 0.18 0.32 0.88 1.83 6.75 10.14 16.47 38.70 55.93 61.56 58.32
Dividend Payout % 0% 0% 0% 0% 0% 12% 10% 15% 16% 16% 15% 15%
Compounded Sales Growth
10 Years: 21%
5 Years: 25%
3 Years: 6%
TTM: 11%
Compounded Profit Growth
10 Years: 78%
5 Years: 44%
3 Years: 15%
TTM: -5%
Stock Price CAGR
10 Years: 39%
5 Years: 34%
3 Years: -16%
1 Year: -33%
Return on Equity
10 Years: 37%
5 Years: 38%
3 Years: 36%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 4 4 4 4 4 12 12 12 12
Reserves 0 0 1 2 4 24 40 59 94 154 217 277
9 8 8 0 1 1 0 0 0 0 0 0
7 17 36 51 74 91 100 89 105 125 139 137
Total Liabilities 21 29 49 58 82 120 144 152 211 292 368 426
1 1 1 4 5 19 39 46 47 48 48 50
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 6 3 0 0 0 2 47
20 28 48 53 77 96 102 105 163 243 318 329
Total Assets 21 29 49 58 82 120 144 152 211 292 368 426

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-4 1 4 3 4 7 10 3 1 27 15 48
-0 -0 -1 -2 -1 -7 -9 -2 -0 5 8 -37
4 -1 -1 0 0 0 -2 -1 -3 -7 -11 -11
Net Cash Flow 0 0 2 2 3 0 -1 -1 -2 24 12 -0
Free Cash Flow -4 1 4 -0 3 5 -6 -5 -2 25 13 45
CFO/OP -443% 67% 302% 196% 177% 85% 131% 38% 24% 60% 45% 85%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 205 165 333 294 288 264 188 129 128 133 161 185
Inventory Days 139 121 110 57 43 89 44 36 16 29 34 33
Days Payable 162 166 142 26 23 41 17 8 46 58 72 37
Cash Conversion Cycle 182 119 301 325 308 313 214 157 98 104 122 181
Working Capital Days 65 35 -3 -14 -23 -83 -99 -15 1 10 31 137
ROCE % 7% 9% 10% 18% 43% 57% 40% 46% 73% 66% 50% 37%

Insights

In beta
Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2022 Sep 2023 Mar 2025
Installed Production Capacity
Tonnes Per Month (TPM)

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Production Volume
Metric Tonnes
Number of Branches
Nodes
Number of Carpenters Registered
Carpenters
Number of Retailers
Retailers
Sales Force Strength
Employees

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
50.82% 50.83% 50.83% 50.83% 50.83% 50.83% 50.83% 50.83% 50.83% 53.89% 53.89% 54.37%
0.33% 0.50% 0.29% 0.30% 0.33% 0.31% 0.12% 0.10% 0.08% 0.04% 0.04% 0.10%
0.00% 0.00% 0.00% 0.07% 0.07% 0.44% 0.54% 0.77% 1.22% 0.95% 1.04% 0.43%
48.84% 48.68% 48.88% 48.79% 48.78% 48.41% 48.52% 48.30% 47.87% 45.12% 45.03% 45.11%
No. of Shareholders 31,70138,01539,95141,67043,53845,76251,23050,34148,49947,64946,70945,757

* 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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