Jyoti resins share price

Description • Jyoti Resins and Adhesives Limited, based out of Ahmadabad, is a pioneer manufacturer of synthetic resin adhesives with a market capitalisation of Rs. 837crore as of April 1, 2022. The company was incorporated on September 17, 1993 and initiated business a year later in 1994 under the leaderships of Jyotika Patel, Dinesh Patel, and the rest. In the past September-December quarter of 21-22, it had a revenue of Rs. 48 crore. The Bombay Stock Exchange (BSE) has assigned the number 51448 with JYOTIRES as the scrip code. The company is currently not listed on the National Stock Exchange. Jyoti Resins is a consumer-centric organisation that has always been committed to quality products and constant innovation. They are the market leader in wood adhesives for end-users in both small and large-scale applications. Their flagship product Euro 700, has achieved the status of the second largest brand in premium synthetic adhesives. The company has around 20 branches and is operational in full swing in 12 states of India, with 50 distributors and 300 salesforces with a big plant at Kanol. The company believes that a brand can get built if customers are delighted, and that’s the reason they have superior quality products, robust warehousing facilities, and huge stocking capacity. The promoters of the organisation have a holding of 49.60% retail holding of 49.15% and foreign institutions with 1.25%. As of 2021, the company has a total net revenue of Rs. 101 crore with an EB...

• The company has shown a good profit growth of 108.005127879882% for the Past 3 years. • The company has shown a good revenue growth of 38.3609770732447% for the Past 3 years. • The company has significantly decreased its debt by 0.2342 Cr. • Company has been maintaining healthy ROE of 59.5196082826243% over the past 3 years. • Company has been maintaining healthy ROCE of 77.4719504107115% over the past 3 years. • Company is virtually debt free. • Company has a healthy Interest coverage ratio of 457.189655172414. • Company’s PEG ratio is 0.579105980894417. • The company has a high promoter holding of 50.82%. • The company has a strong degree of Operating leverage, Average Operating leverage stands at 12.7513720662169. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 57.46 63.91 65.65 66.61 65.08 Total Expenditure 49.9 53.02 52.3 50.28 49.71 Operating Profit 7.56 10.89 13.36 16.33 15.37 Other Income 1.77 0.21 0.14 0.17 1.75 Interest 0.03 0 0 0 0.03 Depreciation 0.19 0.27 0.43 0.35 0.4 Exceptional Items 0 0 0 0 0 Profit Before Tax 9.12 10.82 13.07 16.15 16.69 Tax 2.2 1.75 4.25 4 4.97 Profit After Tax 6.92 9.07 8.82 12.15 11.72 Adjusted EPS (Rs) 5.77 7.56 7.35 10.12 9.77 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 54.23 68.69 73.53 101.29 181.96 Total Expenditure 52.48 65.82 63.19 90.85 158.18 Operating Profit 1.75 2.88 10.35 10.45 23.77 Oth...