Jyoti Resins & Adhesives (BSE 514448)₹844.60+1.16%Specialty Chemicals
In the Mar 2026 quarter (standalone), Jyoti Resins & Adhesives reported sales of ₹93.02 Cr, up 17.8% from Mar 2025, and net profit of ₹20.02 Cr, up 0.0% year on year. For the year to Mar 2026, sales were ₹315 Cr and net profit ₹70.07 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60.99 | 63.03 | 61.95 | 71.03 | 68.96 | 64.96 | 71.01 | 78.95 | 75.01 | 73.99 | 71.94 | 93.02 |
| Expenses | 39.92 | 41.93 | 40.97 | 49.91 | 45.95 | 45.93 | 48.93 | 53.90 | 53.94 | 53.92 | 52.90 | 67.88 |
| Operating Profit | 20.98 | 20.98 | 20.99 | 20.96 | 22.96 | 18.97 | 21.96 | 23.97 | 20.98 | 19.97 | 18.97 | 24.98 |
| OPM % | 33.9% | 34.0% | 32.9% | 29.9% | 33.9% | 29.9% | 31.9% | 30.9% | 26.9% | 27.9% | 26.0% | 26.9% |
| Other Income | 0.99 | 0.99 | 0.99 | 3.99 | 1.99 | 2.99 | 3.01 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 20.95 | 21.94 | 21.93 | 24.91 | 24.91 | 21.92 | 24.94 | 26.93 | 22.92 | 22.94 | 20.93 | 26.90 |
| Tax % | 25.0% | 26.0% | 24.0% | 25.0% | 25.0% | 25.0% | 24.0% | 27.0% | 25.0% | 26.0% | 28.0% | 25.0% |
| Net Profit | 16.02 | 16.01 | 16.01 | 19.02 | 19.01 | 16.03 | 19.02 | 20.02 | 17.03 | 17.03 | 15.02 | 20.02 |
| EPS (Rs) | 13.10 | 13.49 | 13.69 | 15.63 | 15.62 | 13.57 | 15.87 | 16.49 | 14.49 | 14.29 | 12.80 | 16.74 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46.01 | 41.01 | 53.95 | 68.99 | 74.02 | 101 | 182 | 261 | 257 | 284 | 315 | 314 |
| Expenses | 44.90 | 39.97 | 51.93 | 65.88 | 61.91 | 90.85 | 158 | 201 | 173 | 195 | 230 | 229 |
| Operating Profit | 0.99 | 0.99 | 1.99 | 2.99 | 11.99 | 9.99 | 23.99 | 60.88 | 83.85 | 88.88 | 84.92 | 84.90 |
| OPM % | 2.7% | 3.2% | 3.2% | 4.2% | 15.9% | 10.0% | 12.9% | 22.9% | 32.9% | 31.9% | 26.9% | 27.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 5.99 | 2.99 | 1.99 | 6.99 | 10.99 | 11.99 | 10.96 |
| Interest | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 0.00 |
| Profit before tax | 0.00 | 0.99 | 0.99 | 2.99 | 10.96 | 15.94 | 25.91 | 60.78 | 89.68 | 98.73 | 94.66 | 93.69 |
| Tax % | 33.0% | 31.0% | 30.0% | 28.0% | 27.0% | 25.0% | 25.0% | 24.0% | 25.0% | 25.0% | 26.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.00 | 0.00 | 1.01 | 2.01 | 8.01 | 12.02 | 20.01 | 46.05 | 67.08 | 74.08 | 70.07 | 69.10 |
| EPS (Rs) | 0.17 | 0.31 | 0.87 | 1.82 | 6.74 | 10.13 | 16.48 | 38.68 | 55.89 | 61.57 | 58.33 | 58.32 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 12.0% | 9.9% | 14.9% | 16.0% | 16.0% | 14.9% | 15.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 4.01 | 12.02 | 12.01 | 12.02 | 12.01 |
| Reserves | 0.00 | 0.00 | 1.01 | 2.01 | 4.01 | 24.07 | 40.13 | 59.19 | 94.34 | 154 | 218 | 278 |
| Borrowings | 8.99 | 7.98 | 7.98 | 0.00 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 7.02 | 17.01 | 35.98 | 50.96 | 74.00 | 90.95 | 99.83 | 88.72 | 105 | 125 | 138 | 136 |
| Total Liabilities | 21.02 | 29.00 | 48.98 | 57.98 | 82.01 | 120 | 144 | 152 | 211 | 292 | 368 | 426 |
| Fixed Assets | 1.01 | 0.99 | 0.99 | 4.01 | 4.99 | 18.99 | 38.99 | 45.96 | 46.97 | 47.98 | 48.01 | 49.97 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.99 | 2.99 | 0.00 | 0.00 | 0.00 | 1.99 | 46.88 |
| Other Assets | 20.01 | 28.01 | 47.99 | 52.97 | 77.02 | 96.04 | 102 | 105 | 163 | 243 | 318 | 329 |
| Inventories | 5.01 | 6.01 | 6.01 | 5.01 | 5.01 | 9.01 | 4.99 | 9.01 | 5.01 | 5.01 | 7.01 | 9.01 |
| Trade receivables | 14.98 | 20.96 | 36.94 | 42.95 | 53.89 | 52.94 | 51.95 | 63.86 | 90.87 | 93.87 | 126 | 159 |
| Cash & equivalents | 0.00 | 0.00 | 2.99 | 3.99 | 7.98 | 17.95 | 23.94 | 23.91 | 30.90 | 111 | 153 | 119 |
| Total Assets | 21.02 | 29.00 | 48.98 | 57.98 | 82.01 | 120 | 144 | 152 | 211 | 292 | 368 | 426 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.01 | 1.01 | 4.01 | 3.01 | 4.01 | 7.01 | 10.01 | 3.01 | 1.01 | 27.04 | 15.03 | 48.07 |
| Cash from investing activity | 0.00 | 0.00 | −1.01 | −2.01 | −1.01 | −7.01 | −9.03 | −2.01 | 0.00 | 5.01 | 8.03 | −37.11 |
| Cash from financing activity | 4.01 | −1.01 | −1.01 | 0.00 | 0.00 | 0.00 | −2.01 | −0.99 | −3.01 | −7.01 | −11.01 | −11.01 |
| Net cash flow | 0.00 | 0.00 | 2.01 | 1.99 | 3.01 | 0.00 | −0.99 | −1.01 | −2.01 | 23.98 | 11.99 | 0.00 |
| Capex | 0.00 | 0.00 | 0.00 | 3.01 | 1.01 | 1.99 | 16.01 | 8.01 | 2.01 | 2.01 | 2.01 | 3.99 |
| Free cash flow | −4.01 | 0.99 | 4.01 | 0.00 | 3.01 | 5.01 | −6.01 | −5.01 | −1.99 | 25.03 | 13.01 | 45.01 |
| CFO / OP % | −443.0% | 67.0% | 302.1% | 196.1% | 177.0% | 85.0% | 131.1% | 38.0% | 24.0% | 60.0% | 45.0% | 85.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 205 | 165 | 333 | 294 | 288 | 264 | 188 | 129 | 128 | 133 | 161 | 185 |
| Inventory days | 139 | 121 | 110 | 57 | 43 | 89 | 44 | 36 | 16 | 29 | 34 | 33 |
| Days payable | 163 | 167 | 143 | 27 | 24 | 42 | 18 | 9 | 47 | 59 | 73 | 38 |
| Cash conversion cycle | 181 | 118 | 300 | 324 | 307 | 312 | 213 | 156 | 97 | 103 | 121 | 180 |
| Working capital days | 64 | 34 | −4 | −15 | −24 | −84 | −100 | −16 | 0 | 9 | 30 | 136 |
| ROCE % | 7.0% | 9.0% | 10.0% | 18.0% | 43.0% | 57.0% | 40.0% | 46.0% | 73.0% | 66.0% | 50.0% | 37.0% |
For the Mar 2026 quarter, Jyoti Resins & Adhesives reported sales of ₹93.02 Cr, up 17.8% year on year and net profit of ₹20.02 Cr, up 0.0% year on year. The operating margin was 26.9%.
Jyoti Resins & Adhesives' sales for the year to Mar 2026 were ₹315 Cr; over the last twelve months they were ₹314 Cr.
Net profit for the year to Mar 2026 was ₹70.07 Cr, and ₹69.10 Cr over the last twelve months. Earnings per share over the same trailing period were ₹58.32.
Jyoti Resins & Adhesives reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹119 Cr.
Cash from operations was ₹48.07 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹45.01 Cr.