Jyoti Resins & Adhesives (JYOTIRES) had a P/E of 16.2× on 6 Nov 2026, below the industry P/E of 22.1×. Sales and net profit grew 6.4% and 15% a year over 3 years, with ROCE of 32% and ROE of 27%. Its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹1,050 Cr, ranked 81st of 204 Specialty Chemicals companies by market cap; the shares rose 1.7% over the past year.
- ₹915.00
- ₹915.00
- ₹858.75
- ₹884.00
- 9.8K
Health check
- ReturnsBehind
+1.7% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 16.2 vs industry 22.1.
- GrowthSteady
Sales +6.4%, profit +14.6% a year over 3 years.
- ProfitabilityStrong
ROCE 31.9% vs peer median 24.4%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags1 to check
Quarterly profit down 32.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,050 Cr
- Small cap
- P/E
- 16.2
- Industry 22.1
- Price to book
- 3.63
- Peers 13.33
- Dividend yield
- 1.02%
- ROE
- 27.0%
- Peers 23.0%
- ROCE
- 31.9%
- Peers 24.4%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹54.00
- Face value ₹10
- OPM (TTM)
- 23.5%
- Net margin 19.7%
- Sales growth
- +16.8%
- Latest quarter vs a year ago
- Profit growth
- −32.4%
- Latest quarter vs a year ago
- Price to sales
- 3.21
- EV/EBITDA 11.2
Strengths and risks
Strengths
- Return on equity of 27.0%.
- Return on capital employed of 31.9%.
- Quarterly sales up 16.8% on a year ago.
- P/E of 16.2 against an industry P/E of 22.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 32.4% on a year ago.
About Jyoti Resins & Adhesives
Jyoti Resins and Adhesives Limited manufactures and sells synthetic wood adhesives and related products under the EURO7000 brand in India. The company offers EURO Ultra 5in1, Extreme 3 Hi Strong, EURO WP 2in1, PVC glue, and Euro Extra. Its products are used in the fast-moving consumer market. The company sells its products to carpenters through dealers. Jyoti Resins and Adhesives Limited was incorporated in 1993 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 686
- Sector
- Basic Materials
- ISIN
- INE577D01013
- Website
- euroadhesives.com
Price range
- Avg volume (3M)
- 8K
- 1-year return
- plus 1.7%
- From 52-week high
- minus 4.4%
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% |
| JYOTIRESJyoti Resins & Adhesives | 874.50 | minus 1.07% | 1,050 | 16.2 | 10.1 | – | 13.8% | – | 6.4% | plus 1.7% |
| 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 |
|---|---|---|---|---|---|
| 75.1 | 74.4 | 72.3 | 92.9 | 87.7 | |
| 54.5 | 53.9 | 53.4 | 68 | 75.1 | |
| 20.6 | 20.5 | 18.9 | 25 | 12.7 | |
| 27.5% | 27.5% | 26.1% | 26.9% | 14.4% | |
| 3.1 | 3.1 | 2.9 | 2.5 | 3.3 | |
| – | – | – | 0.1 | – | |
| 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| 23.2 | 23.1 | 21.3 | 26.9 | 15.5 | |
| 25.2% | 25.8% | 27.9% | 25.3% | 24.0% | |
| 17.4 | 17.2 | 15.4 | 20.1 | 11.8 | |
| 14.00 | 14.00 | 13.00 | 17.00 | 10.00 |
Profit & loss
- Sales CAGR 3Y
- +6.4%
- Profit CAGR 3Y
- +14.6%
- EPS CAGR 3Y
- +14.6%
- ROE
- 27.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 261 | 257 | 284 | 315 | |
| – | minus 1.5% | +10.4% | +10.8% | |
| 201 | 173 | 194 | 229 | |
| 60.7 | 83.9 | 90.5 | 86.1 | |
| 23.2% | 32.6% | 31.9% | 27.4% | |
| 2.3 | 6.8 | 10.9 | 11.2 | |
| 0 | 0.1 | 0.1 | 0.1 | |
| 1.4 | 1.1 | 1.6 | 1.9 | |
| −0.1 | – | −1 | −0.7 | |
| 61.4 | 89.6 | 98.8 | 94.5 | |
| 24.4% | 25.1% | 25.2% | 26.0% | |
| 46.4 | 67.1 | 73.9 | 70 | |
| – | +44.5% | +10.1% | minus 5.3% | |
| 38.70 | 55.93 | 62.00 | 58.32 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12 | 12 | 12 | 12 | |
| 94 | 154 | 217 | 277 | |
| 105 | 125 | 144 | 137 | |
| 211 | 292 | 373 | 426 | |
| 47.3 | 48.2 | 48.4 | 50.1 | |
| – | – | – | 0.1 | |
| 28 | 1.1 | 4.4 | 3 | |
| 30.8 | 110 | 154 | 165 | |
| 105 | 132 | 166 | 207 | |
| 211 | 292 | 373 | 426 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 26.9 | 14.8 | 48.1 | |
| −0.2 | 4.7 | 7.7 | −37.5 | |
| −3 | −7.2 | −10.9 | −10.9 | |
| −2.4 | 24.3 | 11.6 | −0.3 | |
| −2.4 | −2.3 | −1.7 | −3.7 | |
| −1.6 | 24.6 | 13 | 44.4 | |
| −3 | −7.2 | −10.8 | −10.8 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.