Jyoti Resins and Adhesives Ltd

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• 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 EBITDA of Rs. 9 crore. The net profit of the organisation was Rs. 12 crore in 2021 with a margin of 12.02%, which is higher than 2020’s margin of 11.01%. The current Jyothi Resins share price is Rs. 2196.85 as of April 4, with today’s low at 2035.05 and a high of 2196.85. The analysis of Jyothi resins share shows that the return of one year was around 348.34 % and 2116.80% in three years. The fundamentals of Jyothi resins & adhesives share have a book value of 126.82 with an ROE of 33.62%, a P/E ratio of 68.80, and a P/B ratio of 19.05.

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