1. JYOTI RESINS ADHESIVES LTD
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JYOTI RESINS ADHESIVES LTD Share Price

JYOTIRES

₹1,320.00+₹6.00 (0.46%) TodayLast updated on 17 May, 2024 | 03:29 PM IST
₹1,316.45₹1,357.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,577 Cr

Open

₹1,327.90

Close

₹1,314.00

Circuit range

₹1,576.80 - ₹1,051.20

Day range

₹1,316.45 - ₹1,357.00

Year range

₹1,181.05 - ₹1,780.05

Volume

5,647

Avg. traded

₹1,324.43

Revenue (12m)

₹251 Cr

JYOTI RESINS ADHESIVES LTD

Jyoti Resins and Adhesives Limited is one of the largest players in the synthetic resin adhesives industry in India. The company is primarily engaged in production and supply of adhesives, resins and wood adhesives. The Ahmedabad-headquartered company was founded in 1993. It was renamed as Jyoti Resins and Adhesives Limited in 2006. The same year, the company launched wood adhesives under the brand ‘Euro 7000’ and introduced a premium white adhesive for the retail segment. The company had launched its production with a single manufacturing unit in Gandhinagar, Gujarat. The company has emerged as the second largest wood adhesive retailer in the country.

In 2010, the company enhanced its regional footprints by entering Rajasthan and expanded its operations to Maharashtra in 2012. The company’s operations are currently spread across 13 states covering key regional markets in India.

The specialty chemicals producer’s adhesive manufacturing units are equipped with state-of-the-art machinery. The company is providing high grade premium synthetic adhesives for numerous applications innovatively designed and catering to the customers throughout the country.

The company launched its initial public offering (IPO) in 1994-95. The same year, the company established its first manufacturing unit in Gandhinagar in an area spread across 8,000 square yards.

The market capitalisation of Jyoti Resins and Adhesives Limited stood at nearly ₹1,850 crore as of January 25, 2024. Jyoti Resins share price has surged more than 1,000% in the last three years.

Business operations

The company’s primary operations include production, packaging, marketing, sales and customer service in the adhesives industry. The company delivers its products to a diverse segment of customers for both domestic and industrial use through its network of raw material suppliers, logistics partners, distributors and sales agents.

The company manages its operations through a network of 300 sales persons across 28 branches. The company has 50 distributors across the country. The company caters to the needs of over 10,000 retailers and more than 3 lakh carpenters across India.

The company expanded its business by 2005 and launched the brand Euro 7000 in the year 2006. During the year 2007 the company started establishing themselves in other markets outside its home state of Gujarat. The company, in order to expand its presence in India, later scaled the production capacity to 2,000 tons per month (TPM).

Additionally, it established warehouses to optimise storage for raw materials and finished goods, enabling smooth operations and effective supply chain management. The company has also diversified its product portfolio to meet the needs of the customers across segments. The company manufactures from high-performance industrial adhesives for heavy-duty applications to specialised adhesives for specific materials and surfaces to cater to customers across industries.

Financial highlights

The company’s revenue in FY23 stood at ₹261.25 crore in FY23 as compared to ₹182 crore in FY22. Its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹66 crore in FY23, compared to ₹27.22 crore in FY22. The company’s EBITDA margin stood at 23.21% in FY23. Its profit after tax (PAT) stood at ₹46.44 crore in FY23 compared to ₹19.76 crore in FY22. The company’s earnings per share dropped to ₹38.7 in FY23 compared to ₹49.41 in FY22.

JYOTI RESINS ADHESIVES LTD Key indicators

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52 week high

₹1,780.05

52 week low

₹1,181.05

P/E ratio

24.81

P/B ratio

ROE

68.85%

ROCE

91.05%

Dividend yield

0.46%

Debt/Equity ratio

EPS

38.7

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

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Operating profit margin

24.07%

Net profit margin

17.78%

ROE

68.85%

ROA

25.64%

ROCE

91.05%

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JYOTI RESINS ADHESIVES LTD Shareholder returns

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1 day

-1.16%

1 week

-2.12%

1 month

-3.65%

3 months

-3.78%

1 year

-15.77%

3 years

+524.99%

5 years

+2306.97%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

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Balance sheet

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JYOTI RESINS ADHESIVES LTD Share Price history

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Shareholding info

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Promoters (50.83%)

Mutual Funds (0%)

Retail and other (48.8%)

Foreign institutions-FII (0.3%)

Other domestic institutions (0.07%)

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Events

Corporate actions

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  • Dividend • ₹6/share

    Ex date 15 Sep 2023

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  • Bonus • 2:1

    Ex date 08 Sep 2022

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  • Dividend • ₹7.5/share

    Ex date 24 Aug 2022

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