JMG Corporation Ltd
₹ 6.37
0.00%
30 Mar
- close price
About
Incorporated in 1989, JMG Corporation Ltd is in the business of providing ESG solutions through carbon footprint reduction, renewable energy integration, etc.[1]
Key Points
- Market Cap ₹ 14.8 Cr.
- Current Price ₹ 6.37
- High / Low ₹ 6.63 / 4.40
- Stock P/E
- Book Value ₹ 2.79
- Dividend Yield 0.00 %
- ROCE 2.41 %
- ROE 1.12 %
- Face Value ₹ 2.50
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.33% over last 3 years.
- Company has high debtors of 215 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.20 | 1.03 | 0.45 | 0.20 | 0.53 | 0.45 | 6.03 | 2.24 | 3.59 | 0.62 | 0.90 | 1.26 | |
| 1.49 | 1.13 | 1.19 | 0.69 | 0.70 | 0.98 | 0.88 | 7.60 | 4.05 | 4.08 | 0.61 | 0.95 | 1.64 | |
| Operating Profit | -1.41 | -0.93 | -0.16 | -0.24 | -0.50 | -0.45 | -0.43 | -1.57 | -1.81 | -0.49 | 0.01 | -0.05 | -0.38 |
| OPM % | -1,762.50% | -465.00% | -15.53% | -53.33% | -250.00% | -84.91% | -95.56% | -26.04% | -80.80% | -13.65% | 1.61% | -5.56% | -30.16% |
| 5.27 | 0.58 | 0.51 | 0.50 | 0.53 | 0.53 | 0.40 | 0.31 | 0.28 | 0.25 | 0.24 | 0.24 | 0.25 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.02 | 0.07 | 0.08 | 0.08 | 0.10 | 0.10 |
| Depreciation | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 3.76 | -0.35 | 0.35 | 0.26 | 0.02 | 0.08 | -0.03 | -1.28 | -1.60 | -0.32 | 0.17 | 0.09 | -0.23 |
| Tax % | 19.15% | 11.43% | 28.57% | 34.62% | -50.00% | 12.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 3.04 | -0.39 | 0.25 | 0.17 | 0.03 | 0.06 | -0.03 | -1.28 | -1.61 | -0.32 | 0.17 | 0.08 | -0.23 | |
| EPS in Rs | 1.54 | -0.20 | 0.13 | 0.09 | 0.02 | 0.03 | -0.02 | -0.55 | -0.70 | -0.14 | 0.07 | 0.03 | -0.10 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 15% |
| 3 Years: | -26% |
| TTM: | 241% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 36% |
| 3 Years: | 27% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 49% |
| 3 Years: | 58% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -8% |
| 3 Years: | 0% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 5.79 | 5.79 | 5.79 | 5.79 | 5.79 | 5.79 |
| Reserves | 4.07 | 3.66 | 3.91 | 4.08 | 4.10 | 4.17 | 4.15 | 3.08 | 1.48 | 1.16 | 1.33 | 1.41 | 0.67 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.96 | 0.77 | 0.82 | 0.87 | 0.60 | 0.88 | |
| 0.99 | 0.27 | 0.70 | 0.75 | 0.36 | 0.40 | 0.69 | 0.69 | 0.43 | 0.45 | 0.16 | 0.49 | 0.42 | |
| Total Liabilities | 10.01 | 8.88 | 9.56 | 9.78 | 9.41 | 9.52 | 9.79 | 10.52 | 8.47 | 8.22 | 8.15 | 8.29 | 7.76 |
| 0.03 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.68 | 0.68 | 0.67 | 0.68 | 0.68 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9.23 | 8.12 | 8.80 | 9.03 | 8.65 | 8.77 | 9.04 | 10.52 | 7.79 | 7.54 | 7.48 | 7.61 | 7.08 | |
| Total Assets | 10.01 | 8.88 | 9.56 | 9.78 | 9.41 | 9.52 | 9.79 | 10.52 | 8.47 | 8.22 | 8.15 | 8.29 | 7.76 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2.50 | -1.34 | -0.77 | -0.27 | -1.46 | -0.51 | -0.06 | -1.25 | -1.48 | -0.27 | 0.00 | 0.20 | |
| 7.51 | 0.52 | 0.48 | 0.50 | 0.51 | 0.38 | 0.40 | 0.67 | -0.33 | 0.09 | 0.16 | 0.33 | |
| -3.38 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | 2.01 | -0.26 | -0.03 | -0.03 | -0.37 | |
| Net Cash Flow | 1.63 | -0.82 | -0.29 | 0.23 | -0.95 | -0.13 | 0.34 | 1.43 | -2.07 | -0.21 | 0.12 | 0.16 |
| Free Cash Flow | 4.45 | -1.35 | -0.77 | -0.27 | -1.46 | -0.51 | -0.06 | -1.25 | -2.16 | -0.27 | 0.00 | 0.19 |
| CFO/OP | 174% | 67% | 444% | 75% | 294% | 111% | 7% | 80% | 82% | 57% | -500% | -440% |
Ratios
Figures in Rs. Crores
| 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 | 319.38 | 328.50 | 311.84 | 851.67 | 1,277.50 | 523.40 | 851.67 | 110.17 | 149.91 | 79.30 | 353.23 | 214.94 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 319.38 | 328.50 | 311.84 | 851.67 | 1,277.50 | 523.40 | 851.67 | 110.17 | 149.91 | 79.30 | 353.23 | 214.94 |
| Working Capital Days | -45.62 | 273.75 | 166.55 | 502.89 | 949.00 | 371.89 | 1,387.00 | 84.14 | 169.46 | 83.37 | 488.63 | -4.06 |
| ROCE % | -8.57% | -3.97% | 4.01% | 2.91% | 0.33% | 0.88% | -0.33% | -13.31% | -17.12% | -3.04% | 3.17% | 2.41% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number |
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| Net Capital Turnover Ratio Ratio |
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| Trade Receivables Turnover Ratio Ratio |
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| Manufacturing Activity Status Status (1=Ceased, 0=Active) |
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| Identified Implementation Locations for BioCNG Projects Number |
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Documents
Announcements
- Closure of Trading Window 30 Mar
-
Announcement under Regulation 30 (LODR)-Open Offer - Updates
28 Mar - Open Offer to acquire 60,21,053 shares (26%) at ₹5.30; post-offer advertisement published Mar 26-27, 2026.
-
Post Offer Advertisement
27 Mar - Post-offer advertisement: Neerav Bairagi offers ₹5.30/share to acquire 60,21,053 shares (26%); ad published Mar 26–27, 2026.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 23 Mar
-
Announcement under Regulation 30 (LODR)-Open Offer - Updates
16 Feb - IDC recommends open offer by Neerav Bairagi to acquire 60,21,053 shares (26%) at ₹5.30; published Feb 13, 2026.
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
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Business Overview:[1]
JMGCL, currently engaged in management consultancy and trading, is undergoing a strategic restructuring to pivot toward high-growth opportunities in the Green Energy sector. Its revised business focus includes consultancy services in Sustainability, ESG, and Net Zero Carbon advisory for corporates, and continuation of energy projects, particularly solar, for Indian and international clients. It also plans to enter the carbon credit trading space through a tie-up with Universal Carbon Registry.
Additionally, JMGCL is setting up Bio CNG projects across India, with three key sites already shortlisted in Western India. The company is also evaluating future technologies such as EVs, EV charging stations, battery backup solutions, and hydrogen as part of its long-term growth roadmap.