J.G.Chemicals Ltd
Incorporated in 2001, J.G Chemicals is a leading Zinc Oxide Manufacturer having the capability to produce up to 80 grades of Zinc oxide[1]
- Market Cap ₹ 1,504 Cr.
- Current Price ₹ 384
- High / Low ₹ 484 / 225
- Stock P/E 75.1
- Book Value ₹ 79.6
- Dividend Yield 0.00 %
- ROCE 9.06 %
- ROE 6.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.79% over past five years.
- Company has a low return on equity of 9.39% over last 3 years.
- Earnings include an other income of Rs.14.8 Cr.
* 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 Commodity Chemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 226 | 187 | 256 | 335 | 244 | 272 | |
| 216 | 177 | 241 | 307 | 233 | 258 | |
| Operating Profit | 9 | 10 | 15 | 28 | 11 | 14 |
| OPM % | 4% | 5% | 6% | 8% | 4% | 5% |
| 8 | 4 | 9 | 8 | 6 | 15 | |
| Interest | 3 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 14 | 12 | 21 | 34 | 14 | 27 |
| Tax % | 26% | 40% | 24% | 26% | 25% | 26% |
| 10 | 7 | 16 | 25 | 11 | 20 | |
| EPS in Rs | 85.25 | 56.56 | 129.51 | 7.95 | 2.75 | 5.11 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 2% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 9% |
| TTM: | 65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 61% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 32 | 39 | 39 |
| Reserves | 69 | 76 | 92 | 87 | 250 | 273 |
| 20 | 22 | 24 | 13 | 0 | -0 | |
| 3 | 7 | 6 | 5 | 22 | 10 | |
| Total Liabilities | 93 | 107 | 123 | 137 | 312 | 322 |
| 4 | 5 | 5 | 5 | 9 | 7 | |
| CWIP | 0 | -0 | 0 | 0 | -0 | 0 |
| Investments | 9 | 11 | 11 | 6 | 44 | 45 |
| 81 | 90 | 107 | 126 | 259 | 269 | |
| Total Assets | 93 | 107 | 123 | 137 | 312 | 322 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 27 | 4 | -3 | 6 | 28 | -13 | |
| -7 | -1 | 3 | 5 | -141 | 8 | |
| -20 | 1 | -0 | -12 | 154 | -15 | |
| Net Cash Flow | -0 | 4 | -0 | -0 | 40 | -20 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 46 | 76 | 57 | 55 | 66 | 66 |
| Inventory Days | 46 | 45 | 74 | 38 | 41 | 64 |
| Days Payable | 4 | 8 | 5 | 4 | 7 | 6 |
| Cash Conversion Cycle | 87 | 113 | 126 | 88 | 100 | 124 |
| Working Capital Days | 111 | 137 | 135 | 126 | 99 | 184 |
| ROCE % | 14% | 21% | 28% | 8% | 9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Jun - Scheduled virtual analyst and institutional investor meeting on June 11, 2025, no UPSI to be shared.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 May
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report FY25 confirms regulatory compliance; minor delay in MD reappointment approval.
-
Intimation For Purchasing Of A Land In Dahej, Gujarat
23 May - J.G.Chemicals buys 11.43 acres land in Gujarat for Rs.24.05 Cr for expansion and West India entry.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 19 May
Leading Zinc Manufacturer[1] JG Chemical is the largest zinc oxide manufacturer in India with a 30% market share, and top-5 global producer, employing the widely adopted French process technology.