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 ₹ 1,681 Cr.
- Current Price ₹ 1,401
- High / Low ₹ 1,818 / 700
- Stock P/E 36.2
- Book Value ₹ 88.3
- Dividend Yield 0.18 %
- ROCE 72.9 %
- ROE 55.1 %
- 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 113% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.8%
- Company's median sales growth is 37.8% of last 10 years
Cons
- Stock is trading at 15.9 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 10 | 15 | 26 | 46 | 41 | 54 | 69 | 74 | 101 | 182 | 261 | |
6 | 9 | 14 | 25 | 45 | 40 | 52 | 66 | 62 | 91 | 158 | 201 | |
Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 12 | 10 | 24 | 61 |
OPM % | 11% | 10% | 5% | 3% | 3% | 3% | 3% | 4% | 16% | 10% | 13% | 23% |
0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 3 | 2 | |
Interest | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 11 | 16 | 26 | 61 |
Tax % | -4% | 28% | 31% | 33% | 33% | 31% | 30% | 28% | 27% | 25% | 25% | 24% |
Net Profit | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 8 | 12 | 20 | 46 |
EPS in Rs | 0.47 | 0.39 | 0.20 | 0.18 | 0.18 | 0.32 | 0.88 | 1.83 | 6.75 | 10.14 | 16.47 | 38.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 10% | 15% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 38% |
5 Years: | 37% |
3 Years: | 53% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | 56% |
5 Years: | 113% |
3 Years: | 81% |
TTM: | 153% |
Stock Price CAGR | |
---|---|
10 Years: | 78% |
5 Years: | 124% |
3 Years: | 230% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | 40% |
5 Years: | 43% |
3 Years: | 44% |
Last Year: | 55% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | |
Reserves | -1 | -0 | 0 | 0 | 0 | 1 | 2 | 4 | 24 | 40 | 59 | 94 |
2 | 3 | 5 | 9 | 8 | 8 | 0 | 1 | 1 | 0 | 0 | 0 | |
2 | 3 | 4 | 7 | 17 | 36 | 51 | 74 | 91 | 100 | 89 | 105 | |
Total Liabilities | 7 | 10 | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 |
1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 19 | 39 | 46 | 47 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 |
6 | 9 | 12 | 20 | 28 | 48 | 53 | 77 | 96 | 102 | 105 | 163 | |
Total Assets | 7 | 10 | 13 | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | -1 | -2 | -4 | 1 | 4 | 3 | 4 | 7 | 10 | 3 | 1 | |
-0 | -0 | 0 | -0 | -0 | -1 | -2 | -1 | -7 | -9 | -2 | -0 | |
0 | 1 | 2 | 4 | -1 | -1 | 0 | 0 | 0 | -2 | -1 | -3 | |
Net Cash Flow | 0 | -0 | -0 | 0 | 0 | 2 | 2 | 3 | 0 | -1 | -1 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 220 | 245 | 222 | 205 | 165 | 333 | 294 | 288 | 264 | 188 | 129 | 128 |
Inventory Days | 123 | 112 | 140 | 139 | 121 | 110 | 57 | 43 | 89 | 44 | 36 | 13 |
Days Payable | 159 | 182 | 135 | 162 | 166 | 142 | 26 | 23 | 41 | 17 | 8 | 38 |
Cash Conversion Cycle | 183 | 175 | 227 | 182 | 119 | 301 | 325 | 308 | 313 | 214 | 157 | 103 |
Working Capital Days | 188 | 193 | 186 | 166 | 85 | 66 | -13 | -22 | -82 | -98 | -15 | 1 |
ROCE % | 14% | 15% | 8% | 7% | 9% | 10% | 18% | 43% | 57% | 40% | 46% | 73% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4h - Transcript of our Q4 F.Y. 2022-23 Earnings Conference Call on Monday, 29th May, 2023 and the same uploaded on the website of the Company.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Recording Link in reference to the schedule of analyst / institutional investors meeting with the senior management of the company held on 29th May, 2023 …
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Announcement Under Regulation 30 (LODR) - Analyst/Investor Con Call Intimation.
27 May - Q4 F.Y. 22-23 Post Earnings Conference Call on Monday. 29th May, 2023 at 1.00 P.M. IST (13.00 hours). https://us02web.zoom.us/meeting/register/tZMvc-CsrjwoHtzqBDqqlxwN3UcRuFkmLxZ1 Zoom Meeting ID: 872 4940 7248 …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 May - Q4 F.Y. 2022-2023 Post Earnings Conference Call on Monday, 29th May, 2023 at 1.00 P.M.
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Record Date Clarification
27 May - Cancel our record date for Interim Dividend which was not approved and take the same on record.
Annual reports
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Financial Year 2022
from bse
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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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Jun 2023Transcript PPT
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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 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]