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 ₹ 1,058 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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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| Number of Branches Nodes |
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| Number of Carpenters Registered Carpenters |
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| Number of Retailers Retailers |
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| Sales Force Strength Employees |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 May - Transcript of Q4 and FY26 Post Earning Conference Call.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 May - Audio recording of Q4 and FY26 results conference call made available online.
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Announcement under Regulation 30 (LODR)-Investor Presentation
7 May - Investor Presentation for Results for Q4 and FY 26.
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Audited Financial Result For The Quarter And Year Ended On March 31, 2026
7 May - FY26 audited results announced; net profit Rs 69.98 crore, final dividend Rs 9 per share recommended.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, 07Th May, 2026 And Submission Of Standalone Audited Financial Results For The Fourth Quarter And Year Ended 31St March, 2026.
7 May - Board approved Q4FY26 and FY26 audited results, with Rs. 9 final dividend recommended.
Annual reports
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Financial Year 2025
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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
from bse
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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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 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Apr 2021TranscriptAI SummaryPPT
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Apr 2021TranscriptAI SummaryPPT
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.