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 ₹ 1,098 Cr.
- Current Price ₹ 915
- High / Low ₹ 1,231 / 700
- Stock P/E 16.7
- Book Value ₹ 254
- Dividend Yield 0.98 %
- 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 41.4 days to 83.0 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 46 | 41 | 54 | 69 | 74 | 101 | 182 | 261 | 257 | 284 | 315 | 351 | |
| Sales growth | +73% | +76% | -11% | +32% | +27% | +7% | +38% | +80% | +44% | -2% | +10% | +11% | +17% |
| 25 | 45 | 40 | 52 | 66 | 62 | 91 | 158 | 201 | 173 | 195 | 230 | 272 | |
| Operating Profit | 1 | 1 | 1 | 2 | 3 | 12 | 10 | 24 | 61 | 84 | 90 | 85 | 79 |
| OPM % | 3.4% | 2.7% | 3.2% | 3.2% | 4.2% | 16% | 10% | 13% | 23% | 33% | 32% | 27% | 23% |
| 0 | 0 | 0 | 0 | 1 | 0 | 6 | 3 | 2 | 7 | 11 | 12 | 12 | |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 1 | 1 | 3 | 11 | 16 | 26 | 61 | 90 | 99 | 95 | 89 |
| 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 | 66 | |
| EPS in Rs | 0.18 | 0.18 | 0.32 | 0.88 | 1.83 | 6.75 | 10.14 | 16.47 | 38.70 | 55.93 | 61.57 | 58.32 | 54.73 |
| 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: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 78% |
| 5 Years: | 44% |
| 3 Years: | 15% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 28% |
| 3 Years: | -18% |
| 1 Year: | -24% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 1 | 2 | 4 | 24 | 40 | 59 | 94 | 154 | 217 | 277 | 293 |
| 9 | 8 | 8 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 7 | 17 | 36 | 51 | 74 | 91 | 100 | 89 | 105 | 125 | 144 | 137 | 134 | |
| Total Liabilities | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 292 | 373 | 426 | 439 |
| 1 | 1 | 1 | 4 | 5 | 19 | 39 | 46 | 47 | 48 | 48 | 50 | 48 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 | 0 | 2 | 47 | 65 |
| 20 | 28 | 48 | 53 | 77 | 96 | 102 | 105 | 163 | 243 | 323 | 329 | 322 | |
| Total Assets | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 292 | 373 | 426 | 439 |
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 | 44 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -443% | 67% | 302% | 196% | 177% | 85% | 131% | 38% | 24% | 60% | 45% | 84% |
Ratios
Standalone / 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 | 39 |
| Days Payable | 162 | 166 | 142 | 26 | 23 | 41 | 17 | 8 | 46 | 58 | 72 | 44 |
| Cash Conversion Cycle | 182 | 119 | 301 | 325 | 308 | 313 | 214 | 157 | 98 | 104 | 122 | 180 |
| Working Capital Days | 65 | 35 | -3 | -14 | -23 | -83 | -99 | -15 | 1 | 10 | 31 | 83 |
| ROCE % | 7% | 9% | 10% | 18% | 43% | 57% | 40% | 46% | 73% | 66% | 50% | 36% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | May 2025 | |
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| Production Capacity Tonnes per Month (TPM) |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Post Earnings Conference Call Transcript of Q2 & H1 FY 27.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Audio Recording of Conference Call discussing Q2 & FY 2026-27.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- INVESTOR PRESENTATION ON FINANCIAL RESULTS FOR Q2 FY 2027.
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Submission Of Revised Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2026
- Board approved revised unaudited results for quarter and half year ended 30 September 2026.
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UNAUDITED FINANCIAL RESULTS - 30.09.2026.
- Board approved Q2/H1 FY27 unaudited results; H1 revenue Rs 18,537 lakh, net profit Rs 3,023 lakh.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Nov 2026Transcript PPT REC
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Aug 2026Transcript PPT REC
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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 2025PPT
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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 2024PPT
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Jun 2024Transcript PPT
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Feb 2024PPT
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Feb 2024PPT
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Nov 2023Transcript PPT REC
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Jul 2023PPT
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Jul 2023PPT
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Jun 2023Transcript PPT REC
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Feb 2023PPT
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Nov 2022PPT
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Aug 2022PPT
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May 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021PPT
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Jun 2021PPT
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Apr 2021PPT
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Apr 2021PPT
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.