JG Chemicals Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company has delivered good profit growth of 36.8% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 21.9%
- Latest quarter profit grew 59.6% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 16.3% CAGR over last 5 years
CONS
- Operating cash flow has been negative in recent years
- Equity base is being diluted - shares outstanding up 3112.0%
- Growth is decelerating - 3Y profit CAGR (15.7%) trails the 5Y trend (36.8%)
- Though reporting repeated profits, the company pays out little dividend (6.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21460.00 | 97.52 | 194191.66 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1630.00 | 62.63 | 165914.39 | 1.32 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2550.15 | 34.97 | 75592.78 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4553.45 | 81.33 | 50019.65 | 0.07 | 2190.00 | 1103.30 | 15880.00 | 1139.66 | 9.58 | 26.83 |
| NAVINFLUOR | 8563.50 | 55.64 | 43937.70 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1162.45 | 33.31 | 39157.25 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1712.30 | 29.82 | 23354.58 | 0.44 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1626.45 | 91.79 | 21587.52 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6383.20 | 23.63 | 18793.26 | 0.47 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 491.90 | 33.60 | 17842.53 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1361.95 | 17.53 | 17250.85 | 0.73 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| JGCHEM | 597.60 | 31.15 | 2341.76 | 0.18 | 26.12 | 59.64 | 315.65 | 44.79 | 20.78 | 10.62 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 172 | 153 | 161 | 181 | 203 | 212 | 209 | 224 | 218 | 220 | 248 | 286 | 316 | |
| 167 | 145 | 147 | 164 | 180 | 191 | 186 | 205 | 198 | 202 | 226 | 265 | 283 | |
| Operating Profit | 5 | 8 | 15 | 17 | 22 | 21 | 23 | 19 | 20 | 18 | 23 | 21 | 32 |
| OPM % | 3.18% | 5.18% | 9.16% | 9.45% | 11.07% | 9.95% | 11.05% | 8.69% | 9.08% | 8.15% | 9.16% | 7.51% | 10.22% |
| 2 | -1 | 2 | 3 | 0 | 3 | 3 | 4 | 3 | 4 | 3 | 5 | 3 | |
| Interest | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 5 | 5 | 15 | 18 | 21 | 23 | 24 | 22 | 22 | 20 | 25 | 25 | 35 |
| Tax % | 24.56% | 22.14% | 27.52% | 25.07% | 25.14% | 25.96% | 25.67% | 26.22% | 25.13% | 26.14% | 25.09% | 25.62% | 25.32% |
| Net Profit | 0 | 0 | 0 | 0 | 16 | 17 | 18 | 16 | 16 | 15 | 18 | 19 | 26 |
| 1.20 | 1.18 | 3.22 | 4.00 | 3.88 | 4.21 | 4.33 | 3.92 | 4.03 | 3.67 | 4.50 | 4.61 | 6.40 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 250 | 339 | 399 | 435 | 613 | 785 | 668 | 848 | 1,071 | |
| 229 | 296 | 380 | 393 | 556 | 710 | 623 | 765 | 976 | |
| Operating Profit | 21 | 43 | 19 | 42 | 57 | 74 | 45 | 83 | 94 |
| OPM % | 8.31% | 12.74% | 4.81% | 9.65% | 9.25% | 9.45% | 6.73% | 9.80% | 8.82% |
| 1 | 3 | 8 | 7 | 10 | 11 | 7 | 13 | 15 | |
| Interest | 6 | 6 | 6 | 5 | 7 | 5 | 4 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 5 | 5 | 5 |
| Profit before Tax | 14 | 38 | 19 | 41 | 57 | 77 | 43 | 90 | 105 |
| Tax % | 36.68% | 34.35% | 26.99% | 30.10% | 24.93% | 25.95% | 25.51% | 25.74% | 25.50% |
| Net Profit | 9 | 25 | 14 | 29 | 43 | 57 | 32 | 67 | 78 |
| EPS | 0.00 | 0.00 | 4.08 | 7.39 | 12.61 | 17.32 | 7.87 | 16.34 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.12% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 16%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 38%
- 3 Years:
- 17%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 28%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 19%
- Last Year:
- 15%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 32 | 39 | 39 |
| Minority Interest | 0 | 2 | 5 | 11 | 4 | 6 | 7 | 10 |
| 30 | 53 | 84 | 107 | 151 | 176 | 359 | 426 | |
| 61 | 50 | 51 | 75 | 94 | 70 | 11 | 0 | |
| Trade Payables | 3 | 5 | 3 | 7 | 5 | 8 | 8 | 17 |
| 8 | 14 | 5 | 9 | 8 | 6 | 24 | 7 | |
| Total Liabilities | 102 | 126 | 149 | 210 | 264 | 298 | 448 | 498 |
| 14 | 14 | 21 | 23 | 22 | 35 | 42 | 39 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 7 | 1 | 0 | 1 |
| 0 | 0 | 6 | 9 | 8 | 3 | 43 | 51 | |
| 35 | 41 | 46 | 49 | 88 | 104 | 56 | 111 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 117 | 142 | |
| Cash & Bank | 0 | 1 | 1 | 5 | 8 | 5 | 147 | 105 |
| 54 | 69 | 76 | 125 | 130 | 150 | 44 | 48 | |
| Total Assets | 102 | 126 | 149 | 210 | 264 | 298 | 448 | 498 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -9 | 28 | 47 | 2 | 22 | 51 | 78 | -11 | |
| Cash from Investing | -6 | -2 | -11 | -6 | -5 | -5 | -140 | 25 |
| Cash from Financing | 18 | -16 | -30 | 17 | -0 | -29 | 107 | -29 |
| -1 | 1 | -0 | 4 | 1 | -2 | 43 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||
| EPS (₹) | 75.65 | 189.08 | 106.20 | 192.11 | 327.91 | 17.32 | 7.87 | 16.34 |
| Book Value (₹) | 252.48 | 441.56 | 696.32 | 889.16 | 1250.97 | 65.47 | 101.67 | 118.60 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Cash EPS (₹) | 3.43 | 8.58 | 4.99 | 9.82 | 14.44 | 18.99 | 9.35 | 18.41 |
| PROFITABILITY | ||||||||
| Operating Margin % | 8.72% | 13.72% | 6.87% | 11.23% | 10.92% | 10.90% | 6.73% | 9.80% |
| Net Margin % | 3.67% | 7.43% | 3.49% | 6.62% | 7.04% | 7.24% | 4.81% | 7.87% |
| ROE % | 29.77% | 59.59% | 20.10% | 29.78% | 33.03% | 31.53% | 10.60% | 15.47% |
| ROCE % | 21.63% | 44.86% | 21.03% | 29.05% | 29.93% | 31.28% | 13.65% | 20.78% |
| 8.96% | 22.14% | 10.15% | 16.03% | 18.19% | 20.21% | 8.61% | 14.11% | |
| EFFICIENCY | ||||||||
| Debtor Days | 53 | 48 | 47 | 59 | 55 | 49 | 63 | 56 |
| Inventory Days | 51 | 41 | 40 | 39 | 41 | 45 | 44 | 36 |
| Payable Days | 5 | 6 | 4 | 5 | 5 | 4 | 6 | 7 |
| 98 | 83 | 82 | 93 | 91 | 90 | 102 | 85 | |
| FINANCIAL HEALTH | ||||||||
| Debt to Equity (x) | 2.02x | 0.96x | 0.62x | 0.69x | 0.62x | 0.34x | 0.03x | 0.00x |
| Interest Coverage (x) | 3.57x | 7.25x | 3.96x | 8.73x | 9.42x | 15.33x | 11.76x | 73.33x |
| 1.57x | 1.98x | 2.23x | 2.07x | 2.20x | 3.34x | 9.98x | 19.91x | |
| GROWTH | ||||||||
| Revenue Growth % | 0.00% | 35.75% | 17.67% | 8.99% | 40.78% | 28.03% | -14.90% | 27.00% |
| Operating Profit Growth % | 0.00% | 113.45% | -41.08% | 78.17% | 37.00% | 27.69% | -37.49% | 80.63% |
| Net Profit Growth % | 0.00% | 175.12% | -44.69% | 106.40% | 49.75% | 31.69% | -43.46% | 107.92% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -54.54% | 107.46% | |
| VALUATION | ||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 21.86x | 18.41x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.69x | 2.54x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.33% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.14x | 11.12x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-05 - J.G.Chemicals Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - J.G.Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026
2026-09-04 - J.G.Chemicals Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.
2026-09-02 - J.G.Chemicals Limited has informed the Exchange about Schedule of meet
2026-09-01 - J.G.Chemicals Limited has informed the Exchange about Schedule of meet
2026-08-18 - J.G.Chemicals Limited has informed the Exchange regarding 'Intimation of material event under Regulation 30(3) & 30(9) of SEBI (LODR) Regulations, 2015 - General'.
2026-08-13 - J.G.Chemicals Limited has informed the Exchange about Transcript
2026-08-10 - J.G.Chemicals Limited has informed the Exchange about Schedule of meet
2026-08-10 - J.G.Chemicals Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for JGCHEM
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