Jyoti Resins and Adhesives Ltd share Price Today

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.

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Jyoti Resins and Adhesives share price as on 18 Jul 2024 is Rs. 1402.35. Over the past 6 months, the Jyoti Resins and Adhesives share price has decreased by 8.33% and in the last one year, it has increased by 1.39%. The 52-week low for Jyoti Resins and Adhesives share price was Rs. 1181.05 and 52-week high was Rs. 1780.05.