On 6 Nov 2026, C.J. Gelatine Products was priced at ₹24.95, or 19.6× trailing earnings, against an industry P/E of 22.1×, and the shares are 18% below their 52-week high. Sales grew 4.6% a year over 3 years while net profit fell 3.1%; its ROCE of 8.8% is the lowest among the 7 largest Specialty Chemicals peers. Debt is 6.06× equity. It is a small-cap company with a market cap of ₹12 Cr, ranked 196th of 204 Specialty Chemicals companies by market cap; the shares rose 52% over the past year.
- ₹25.50
- ₹25.50
- ₹22.61
- ₹24.26
- 182
Health check
- ReturnsAhead
+51.6% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 19.6 vs industry 22.1.
- GrowthSteady
Sales +4.6%, profit −3.1% a year over 3 years.
- ProfitabilityWeak
ROCE 8.8% vs peer median 24.4%.
- Balance sheetStretched
Debt 6.06× equity, interest covered 1.2×, Piotroski 5 of 9.
- Red flags3 to check
Return on equity is low at 5.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12 Cr
- Small cap
- P/E
- 19.6
- Industry 22.1
- Price to book
- 2.30
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 5.2%
- Peers 23.0%
- ROCE
- 8.8%
- Peers 24.4%
- Debt to equity
- 6.06
- Debt ₹24 Cr
- EPS (TTM)
- ₹1.27
- OPM (TTM)
- 6.1%
- Net margin 1.1%
- Sales growth
- +26.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.27
- EV/EBITDA 13.2
Strengths and risks
Strengths
- Quarterly sales up 26.2% on a year ago.
Risks to check
- Return on equity is low at 5.2%.
- Debt is 6.06× equity.
- Interest coverage of only 2.1×.
About C.J. Gelatine Products
C.J. Gelatine Products Limited engages in the manufacture and sale of gelatine and related products in India. It provides pharmaceutical, edible, technical, and photographic gelatine products, as well as ossein and di-calcium phosphate products. The company was incorporated in 1980 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 60
- Sector
- Basic Materials
- ISIN
- INE557D01015
- Website
- cjgelatineproducts.com
Price range
- Avg volume (3M)
- 1.9K
- 1-year return
- plus 51.6%
- From 52-week high
- minus 18.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| CJGELC.J. Gelatine Products | 24.95 | plus 2.84% | 12 | 19.6 | 12.5 | 8.8% | 6.1% | 6.06 | 4.6% | plus 51.6% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 8.4 | 12.1 | 10.2 | 11.4 | 10.6 | |
| 8.1 | 11.6 | 9.6 | 10.5 | 9.9 | |
| 0.3 | 0.5 | 0.6 | 0.8 | 0.8 | |
| 3.8% | 4.3% | 5.6% | 7.5% | 7.1% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | |
| 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | |
| −0.2 | 0 | 0.1 | 0.3 | 0.1 | |
| 10.8% | −88.4% | −18.1% | 48.7% | −14.7% | |
| −0.1 | 0 | 0.1 | 0.2 | 0.1 | |
| -0.29 | 0.04 | 0.23 | 0.70 | 0.29 |
Profit & loss
- Sales CAGR 3Y
- +4.6%
- Profit CAGR 3Y
- −3.1%
- EPS CAGR 3Y
- −3.4%
- ROE
- 5.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36.8 | 40.9 | 41.3 | 42.1 | |
| – | +11.1% | +1.0% | +2.0% | |
| 34.6 | 39 | 39 | 39.2 | |
| 2.2 | 1.9 | 2.3 | 2.9 | |
| 5.9% | 4.7% | 5.5% | 6.8% | |
| 0.6 | 0.2 | 0.3 | −0 | |
| 1.3 | 1.3 | 1.2 | 1.4 | |
| 1.1 | 0.6 | 1.1 | 1.2 | |
| −0 | −2.8 | −0 | −0 | |
| 0.3 | −2.6 | 0.2 | 0.3 | |
| 28.0% | 24.2% | 58.3% | 29.2% | |
| 0.2 | −1.9 | 0.1 | 0.2 | |
| – | minus 949.2% | – | +161.0% | |
| 0.48 | -4.05 | 0.17 | 0.43 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.8 | 4.8 | 4.8 | 4.8 | |
| 2.4 | −0.1 | −0.6 | −0.9 | |
| 19.6 | 19.6 | 21 | 23.6 | |
| 8.7 | 8.8 | 7.7 | 6.6 | |
| 35.5 | 33.1 | 32.8 | 34.2 | |
| 7.1 | 6.5 | 6 | 5.5 | |
| 0.7 | 0.8 | 0.9 | 0.9 | |
| 0 | 0 | 0 | 0 | |
| 27.6 | 25.8 | 26 | 27.7 | |
| 35.5 | 33.1 | 32.8 | 34.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 1.8 | 0.5 | −0.6 | |
| −0.4 | −0.4 | −0.5 | −0.7 | |
| −0.5 | −1.3 | 0.1 | 1.3 | |
| −0 | 0 | 0 | −0 | |
| −0.9 | −0.5 | −0.6 | −0.7 | |
| −0.1 | 1.3 | −0.1 | −1.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.