MarketFriction

Jyoti Resins and Adhesives Ltd

NSE JYOTIRES · BSE 514448 · Specialty Chemicals
₹840.65 +0.62%
NSE close2026-10-01
52 week range821.20 - 911.00
Market cap₹1,009 Cr.
P/E15.7
Price band 20% Delivery 70.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales636271696571797574729388
Expenses424150464649545454536875
Operating Profit212121231922242120192513
OPM %34%33%30%34%30%32%31%27%28%26%27%14%
Other Income114233333323
Interest000000000000
Depreciation000000000001
Profit before tax222225252225272323212715
Tax %26%24%25%25%25%24%27%25%26%28%25%24%
Net Profit161619191619201717152012
EPS in Rs13.4813.7015.6415.6313.5815.8816.4814.4814.3012.8116.739.79
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4641546974101182261257284315327
Expenses454052666291158201173195230250
Operating Profit11231210246184908577
OPM %2.7%3.2%3.2%4.2%16%10%13%23%33%32%27%24%
Other Income000106327111212
Interest110000000000
Depreciation000001111222
Profit before tax01131116266190999587
Tax %33%31%30%28%27%25%25%24%25%25%26%
Net Profit0012812204667747064
EPS in Rs0.180.320.881.836.7510.1416.4738.7055.9361.5758.3253.63
Dividend Payout %0%0%0%0%12%10%15%16%16%15%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth21%25%6%13%
Compounded Profit Growth78%44%15%-11%
Stock Price CAGR38%26%-20%-31%
Return on Equity37%38%36%27%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4444444412121212
Reserves0012424405994154217277
Borrowings988011000000
Other Liabilities7173651749110089105125144137
Total Liabilities2129495882120144152211292373426
Fixed Assets1114519394647484850
CWIP000000000000
Investments0000063000247
Other Assets202848537796102105163243323329
Total Assets2129495882120144152211292373426
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-4143471031271548
Cash from Investing Activity-0-0-1-2-1-7-9-2-058-37
Cash from Financing Activity4-1-1000-2-1-3-7-11-11
Net Cash Flow002230-1-1-22412-0
Free Cash Flow-414-035-6-5-2251344
CFO/OP-443%67%302%196%177%85%131%38%24%60%45%84%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days205165333294288264188129128133161185
Inventory Days139121110574389443616293439
Days Payable16216614226234117846587244
Cash Conversion Cycle18211930132530831321415798104122180
Working Capital Days6535-3-14-23-83-99-151103183
ROCE %7%9%10%18%43%57%40%46%73%66%50%36%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.83%50.83%50.83%50.83%50.83%50.83%50.83%50.83%53.89%53.89%54.37%54.37%
FIIs0.50%0.29%0.30%0.33%0.31%0.12%0.10%0.08%0.04%0.04%0.10%0.06%
DIIs0.00%0.00%0.07%0.07%0.44%0.54%0.77%1.22%0.95%1.04%0.43%0.08%
Public48.68%48.88%48.79%48.78%48.41%48.52%48.30%47.87%45.12%45.03%45.11%45.50%
No. of Shareholders38,01539,95141,67043,53845,76251,23050,34148,49947,64946,70945,75744,791

Fundamentals

Market Cap₹ 1,009 Cr.
Current Price₹ 841
Stock P/E15.7
Book Value₹ 241
ROCE36.5 %
ROE26.9 %
Dividend Yield1.07 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-11%
Standalone figures.
Valuation
Market capRs 1,009 Cr
Enterprise valueRs 890 Cr
P/E (TTM)15.67x
Price to book3.49x
Price to sales3.08x
EV / EBITDA10.01x
EV / EBIT10.24x
EV / sales2.72x
Price to cash flow20.99x
Earnings yield6.38%
Dividend yield1.07%
P/E, 3-year average19.10x
P/B, 3-year average6.52x
P/E, 5-year average21.00x
P/B, 5-year average7.73x
Profitability
Operating margin (excl. other income)27.00%
Operating margin (incl. other income)30.68%
EBITDA margin27.14%
Pre-tax margin26.50%
Net profit margin19.66%
Net margin, latest quarter13.40%
ROE27.02%
ROCE36.54%
ROA17.52%
ROE, 3-year average37.90%
ROCE, 3-year average50.81%
ROA, 3-year average22.16%
ROE, 5-year average41.19%
ROCE, 5-year average55.00%
ROA, 5-year average21.09%
ROIC (approx.)37.90%
Tax rate25.96%
Other income / net worth4.01%
Growth
Sales growth (latest year)10.78%
Profit growth (latest year)-5.28%
Sales CAGR, 3 years6.41%
Sales CAGR, 5 years25.45%
Profit CAGR, 3 years14.65%
Profit CAGR, 5 years41.89%
Sales growth QoQ-5.63%
Profit growth QoQ-41.48%
Sales growth YoY (latest quarter)16.79%
Profit growth YoY (latest quarter)-32.39%
Per share
EPS (TTM)Rs 53.63
EPS (latest year)Rs 58.32
EPS (latest quarter)Rs 9.79
EPS, 3-year averageRs 58.61
EPS, 5-year averageRs 52.78
Book value per shareRs 240.64
Sales per shareRs 272.78
Cash flow per shareRs 40.05
Free cash flow per shareRs 36.67
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 9.00
Dividend per share, 5-year averageRs 8.10
Dividends
Dividend payout15.43%
Dividend payout, 3-year average15.38%
Dividend payout, 5-year average15.37%
Efficiency
Asset turnover0.74x
Fixed asset turnover6.29x
Inventory turnover11.98x
Inventory days30 days
Debtor days185 days
Debtors turnover1.98x
Creditor days44 days
Cash conversion cycle180 days
Working capital days83 days
Leverage
Cash and bankRs 119 Cr
Net debtRs -119 Cr
Net debt / EBITDA-1.34x
Interest coverage668.23x
Owners' fund to total sources67.85%
Cash flow
Cash from Operating Activity (latest year)Rs 48 Cr
Cash from Investing Activity (latest year)Rs -37 Cr
Cash from Financing Activity (latest year)Rs -11 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 44 Cr
Cash from ops / profit, 5 years0.34x
Sales to cash flow6.55x
Statement figures
Net sales (TTM)Rs 327 Cr
Net sales (latest year)Rs 315 Cr
Sales (latest quarter)Rs 88 Cr
Operating profit excl. other income (latest year)Rs 85 Cr
Operating profit (latest quarter)Rs 13 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 89 Cr
PBDT (TTM)Rs 89 Cr
Profit before tax (TTM)Rs 87 Cr
Tax (latest year)Rs 25 Cr
Net profit (TTM)Rs 64 Cr
Net profit (latest year)Rs 70 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 102 Cr
Total expenditure (latest year)Rs 230 Cr
Total income (latest year)Rs 326 Cr
Share capitalRs 12 Cr
ReservesRs 277 Cr
Shareholders' fundsRs 289 Cr
Total assetsRs 426 Cr
Net blockRs 50 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 47 Cr
ReceivablesRs 159 Cr
InventoryRs 9 Cr
Other liabilitiesRs 137 Cr
Shares outstanding (crore)1.20
Ownership
Promoter holding54.37% (+3.54 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.7 is at the 9th percentile of its own 9.4-year range (median 30.4, low 7.2, high 152.8).
P/B 3.49 is at the 5th percentile (median 7.81).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJYOTIRESNifty 50Difference
1 week+0.9%-2.8% +3.7 pts
1 month-3.5%-6.8% +3.3 pts
3 years-48.3%+14.2% -62.5 pts
5 years+213.8%+27.9% +185.9 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 43% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹88 Cr +17.3% vs Jun 2025. Net profit ₹12 Cr -29.4%.
Against our estimate for Jun 2026: sales +7.1%, profit -33.9% big miss. Our estimate for Sep 2026: sales Rs 87 Cr, profit Rs 18 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-09Dividend - Rs 9 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Jyoti Resins and Adhesives Ltd?

Jyoti Resins and Adhesives Ltd (JYOTIRES) has a market capitalisation of Rs 1,009 Cr. at the 2026-10-01 close.

What is the P/E ratio of Jyoti Resins and Adhesives Ltd?

Jyoti Resins and Adhesives Ltd trades at a P/E of 15.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jyoti Resins and Adhesives Ltd's latest quarterly results?

In the Jun 2026 quarter, Jyoti Resins and Adhesives Ltd sales was Rs 88 Cr (+17.3% vs Jun 2025) and net profit was Rs 12 Cr.

What is the 52-week high and low of Jyoti Resins and Adhesives Ltd?

The 52-week high is Rs 911.00 and the 52-week low is Rs 821.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03