Jyoti Resins & Adhesives Ltd.

•

euroadhesives.comBSE: -NSE: JYOTIRES

Market Cap₹ 1,031 Cr.

Current Price

High / Low₹ 911 / 830

Stock P/E16.0

Book Value₹ 236

Price to Book3.10

Dividend Yield1.05 %

ROCE39.1 %

ROE28.9 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

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.

Confidence

55%

View full sector analysis →

PROS

Company has delivered good profit growth of 41.9% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 56.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 42.0%
Promoters have been increasing their shareholding - up 3.5pp over 2 years

CONS

Recent results are weak - TTM profit is down 12.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.43x)
Growth is decelerating - 3Y profit CAGR (14.6%) trails the 5Y trend (41.9%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SOLARINDS	20550.00	93.38	185957.06	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1636.40	62.88	166565.83	1.31	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2597.00	35.61	76981.53	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4731.25	84.51	51972.78	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8538.25	55.47	43808.15	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1138.55	32.62	38352.18	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1733.65	30.19	23645.78	0.43	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1646.05	92.89	21847.67	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6484.40	24.00	19091.21	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	505.45	34.53	18334.02	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1417.10	18.24	17949.40	0.71	490.04	100.95	3256.26	22.47	12.12	25.96
12.	JYOTIRES	859.05	16.02	1030.86	1.05	11.75	-32.39	87.71	16.79	39.08	14.43

Detailed Comparison with:

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
	61	63	62	71	69	65	71	79	75	74	72	93	88
	40	42	41	50	46	46	49	54	54	54	53	68	76
Operating Profit	21	21	21	21	23	19	22	24	21	20	19	25	13
OPM %	33.92%	33.99%	33.19%	29.80%	33.85%	29.73%	31.64%	30.73%	27.48%	27.52%	26.10%	26.87%	14.43%
Other Income	1	1	1	4	2	3	3	3	3	3	3	2	3
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	1
	21	22	22	25	25	22	25	27	23	23	21	27	15
Tax %	25.19%	26.25%	23.57%	25.28%	24.99%	25.10%	23.70%	26.85%	25.22%	25.78%	27.84%	25.27%	24.00%
Net Profit	16	16	16	19	19	16	19	20	17	17	15	20	12
	13	13	14	16	16	14	16	16	14	14	13	17	1
Equity Capital	12	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	42	54	69	74	101	182	261	257	284	315	327
	41	52	66	63	91	158	201	173	195	230	251
Operating Profit	1	2	3	12	17	27	63	91	100	97	—
OPM %	3	3	5	16	17	15	24	35	35	31	—
Other Income	0	0	1	1	6	3	2	7	11	12	12
Interest	1	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	1	1	1	1	2	2	2
	1	1	3	11	16	26	61	90	99	95	87
Tax %	32	30	28	27	25	25	24	25	25	26	26
Net Profit	0	1	2	8	12	20	46	67	74	70	64
EPS	1	3	5	20	30	49	39	56	62	58	—
Dividend Payout %	0	0	0	12	10	15	16	16	15	15	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	2	7	10	16	39	56	62	58	—

COMPOUNDED SALES GROWTH

10 Years:: 21%
5 Years:: 25%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 78%
5 Years:: 42%
3 Years:: 15%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 43%
5 Years:: 50%
3 Years:: 42%
Last Year:: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	4	4	4	4	4	4	12	12	12	12
	1	2	4	24	40	59	94	154	217	277
	8	0	0	0	0	0	0	0	0	0
Trade Payables	7	2	3	4	2	2	14	10	15	10
	29	49	72	88	98	87	90	115	129	127
Total Liabilities	49	58	82	120	144	152	211	292	373	426
ASSETS	-	-	-	-	-	-	-	-	-	-
	1	4	5	19	39	46	47	48	48	50
	0	0	0	6	3	0	0	0	2	47
	6	5	5	9	5	9	5	5	7	9
	0	0	0	0	0	64	91	94	126	159
Cash & Bank	3	4	8	18	24	24	31	111	153	119
	39	44	64	69	73	8	36	34	38	42
Total Assets	49	58	82	120	144	152	211	292	373	426
Total Debt	8	0	1	1	0	0	0	0	0	0
Net Working Capital	3	2	4	7	-1	16	32	118	178	238
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	11.59	14.21	19.70	39.95	67.86	114.34	74.32	124.53	177.05	226.64
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	3	4	7	10	3	1	27	15	48
Cash from Investing	-1	-2	-1	-7	-9	-2	-0	5	8	-37
Cash from Financing	-1	0	0	0	-2	-1	-3	-7	-11	-11
	2	2	3	0	-1	-1	-2	24	12	-0
Free Cash Flow	4	-0	3	-7	-10	-5	-2	25	13	44
OCF / Net Profit	9.52	2.93	1.96	0.85	0.86	0.13	0.02	0.40	0.20	0.69
Cumulative 5-Year FCF	0	0	0	0	-11	-20	-22	1	21	76

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	0.98	2.62	5.49	20.25	30.41	49.41	38.70	55.93	61.56	58.32
Book Value (₹)	11.59	14.21	19.70	39.95	67.86	114.34	74.32	124.53	177.05	226.64
Dividend per Share (₹)	0.00	0.00	0.00	2.50	3.00	7.50	6.00	9.00	9.00	9.00
Cash EPS (₹)	0.39	0.96	2.04	7.15	10.66	17.06	39.91	56.84	62.88	59.92
PROFITABILITY
Operating Margin %	2.27%	3.20%	4.96%	15.91%	16.66%	13.07%	23.21%	32.62%	31.50%	27.01%
Net Margin %	0.67%	1.90%	3.20%	11.01%	12.01%	10.86%	17.78%	26.09%	26.00%	22.23%
ROE %	8.73%	20.28%	32.39%	67.90%	56.42%	54.24%	68.85%	56.26%	40.83%	28.89%
ROCE %	10.06%	17.87%	43.06%	87.13%	72.85%	72.43%	91.05%	75.16%	54.64%	39.08%
	1.01%	1.97%	3.14%	7.99%	9.20%	13.36%	25.64%	26.73%	22.22%	17.52%
EFFICIENCY
Debtor Days	182	267	259	266	190	117	109	132	141	165
Inventory Days	36	36	28	35	25	14	10	7	8	9
Payable Days	146	53	21	35	24	8	26	71	61	56
	72	250	267	266	191	123	92	68	88	118
FINANCIAL HEALTH
Debt to Equity (x)	1.69x	0.07x	0.09x	0.08x	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	1.87x	9.70x	36.64x	129.63x	212.14x	457.19x	1938.26x	1247.17x	1107.21x	704.26x
	1.06x	1.05x	1.05x	1.08x	0.99x	1.19x	1.31x	1.95x	2.30x	2.85x
GROWTH
Revenue Growth %	-10.06%	28.05%	26.66%	7.05%	37.75%	79.63%	43.58%	-1.51%	10.43%	10.77%
Operating Profit Growth %	4.79%	33.21%	93.30%	243.27%	44.21%	61.36%	131.01%	44.33%	10.68%	-3.87%
Net Profit Growth %	78.54%	167.24%	109.85%	268.81%	50.20%	62.47%	134.98%	44.52%	10.07%	-5.27%
	0.00%	0.00%	0.00%	0.00%	0.00%	62.47%	-21.67%	44.52%	10.07%	-5.27%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	14.86x	32.84x	25.35x	19.90x	12.07x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	19.26x	17.10x	11.39x	6.92x	3.10x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	0.47%	0.63%	0.73%	1.28%
	0.00x	0.00x	0.00x	0.00x	0.00x	31.49x	23.76x	17.53x	13.11x	7.51x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.83	50.83	50.83	50.83	50.83	53.89	53.89	54.37	54.37
	0.33	0.31	0.12	0.10	0.08	0.04	0.04	0.10	0.06
	0.07	0.44	0.54	0.77	1.22	0.95	1.04	0.43	0.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.77	48.41	48.51	48.30	47.87	45.13	45.04	45.11	45.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for JYOTIRES

Loading news…

🤖

AI Stock Analyst

Jyoti Resins & Adhesives Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

SOLARINDS

20550.00

93.38

185957.06

0.05

666.37

88.98

3668.20

70.26

38.16

27.91

PIDILITIND

1636.40

62.88

166565.83

1.31

8835.10

1202.86

45515.50

1112.74

32.38

26.28

SRF

2597.00

35.61

76981.53

0.35

758.87

75.53

5033.26

34.63

14.21

24.57

FLUOROCHEM

4731.25

84.51

51972.78

0.06

219.00

19.02

1588.00

23.97

9.58

26.83

NAVINFLUOR

8538.25

55.47

43808.15

0.18

243.31

107.67

1045.08

44.07

21.39

34.17

GODREJIND

1138.55

32.62

38352.18

0.00

523.36

-27.85

5448.09

22.16

10.64

12.82

DEEPAKNTR

1733.65

30.19

23645.78

0.43

345.01

207.36

2577.60

36.39

11.58

20.96

AETHER

1646.05

92.89

21847.67

0.00

62.75

33.45

326.56

27.49

11.65

31.47

ATUL

6484.40

24.00

19091.21

0.46

253.93

91.85

1847.95

25.03

15.05

21.41

AARTIIND

505.45

34.53

18334.02

0.20

155.00

260.47

2387.00

42.42

6.95

16.00

DEEPAKFERT

1417.10

18.24

17949.40

0.71

490.04

100.95

3256.26

22.47

12.12

25.96

JYOTIRES

859.05

16.02

1030.86

1.05

11.75

-32.39

87.71

16.79

39.08

14.43

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

Operating Profit

OPM %

33.92%

33.99%

33.19%

29.80%

33.85%

29.73%

31.64%

30.73%

27.48%

27.52%

26.10%

26.87%

14.43%

Other Income

Interest

Depreciation

Tax %

25.19%

26.25%

23.57%

25.28%

24.99%

25.10%

23.70%

26.85%

25.22%

25.78%

27.84%

25.27%

24.00%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

101

182

261

257

284

315

327

158

201

173

195

230

251

Operating Profit

100

—

OPM %

—

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

154

217

277

Trade Payables

115

129

127

Total Liabilities

120

144

152

211

292

373

426

ASSETS

126

159

Cash & Bank

111

153

119

Total Assets

120

144

152

211

292

373

426

Total Debt

Net Working Capital

-1

118

178

238

Contingent Liabilities

Book Value per Share

11.59

14.21

19.70

39.95

67.86

114.34

74.32

124.53

177.05

226.64

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-1

-2

-1

-7

-9

-2

-0

-37

Cash from Financing

-1

-2

-1

-3

-7

-11

-1

-2

-0

Free Cash Flow

-0

-7

-10

-5

-2

OCF / Net Profit

9.52

2.93

1.96

0.85

0.86

0.13

0.02

0.40

0.20

0.69

Cumulative 5-Year FCF

-11

-20

-22

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

0.98

2.62

5.49

20.25

30.41

49.41

38.70

55.93

61.56

58.32

Book Value (₹)

11.59

14.21

19.70

39.95

67.86

114.34

74.32

124.53

177.05

226.64

Dividend per Share (₹)

0.00

2.50

3.00

7.50

6.00

9.00

Cash EPS (₹)

0.39

0.96

2.04

7.15

10.66

17.06

39.91

56.84

62.88

59.92

PROFITABILITY

Operating Margin %

2.27%

3.20%

4.96%

15.91%

16.66%

13.07%

23.21%

32.62%

31.50%

27.01%

Net Margin %

0.67%

1.90%

3.20%

11.01%

12.01%

10.86%

17.78%

26.09%

26.00%

22.23%

ROE %

8.73%

20.28%

32.39%

67.90%

56.42%

54.24%

68.85%

56.26%

40.83%

28.89%

ROCE %

10.06%

17.87%

43.06%

87.13%

72.85%

72.43%

91.05%

75.16%

54.64%

39.08%

1.01%

1.97%

3.14%

7.99%

9.20%

13.36%

25.64%

26.73%

22.22%

17.52%

EFFICIENCY

Debtor Days

182

267

259

266

190

117

109

132

141

165

Inventory Days

Payable Days

146

250

267

266

191

123

118

FINANCIAL HEALTH

Debt to Equity (x)

1.69x

0.07x

0.09x

0.08x

0.01x

0.00x

Interest Coverage (x)

1.87x

9.70x

36.64x

129.63x

212.14x

457.19x

1938.26x

1247.17x

1107.21x

704.26x

1.06x

1.05x

1.08x

0.99x

1.19x

1.31x

1.95x

2.30x

2.85x

GROWTH

Revenue Growth %

-10.06%

28.05%

26.66%

7.05%

37.75%

79.63%

43.58%

-1.51%

10.43%

10.77%

Operating Profit Growth %

4.79%

33.21%

93.30%

243.27%

44.21%

61.36%

131.01%

44.33%

10.68%

-3.87%

Net Profit Growth %

78.54%

167.24%

109.85%

268.81%

50.20%

62.47%

134.98%

44.52%

10.07%

-5.27%

0.00%

62.47%

-21.67%

44.52%

10.07%

-5.27%

VALUATION

P/E (x)

0.00x

14.86x

32.84x

25.35x

19.90x

12.07x

P/B (x)

0.00x

19.26x

17.10x

11.39x

6.92x

3.10x

Dividend Yield %

0.00%

0.34%

0.47%

0.63%

0.73%

1.28%

0.00x

31.49x

23.76x

17.53x

13.11x

7.51x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

50.83

53.89

54.37

0.33

0.31

0.12

0.10

0.08

0.04

0.10

0.06

0.07

0.44

0.54

0.77

1.22

0.95

1.04

0.43

0.08

Government

0.00

48.77

48.41

48.51

48.30

47.87

45.13

45.04

45.11

45.50

Jyoti Resins & Adhesives Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Jyoti Resins & Adhesives Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI