Jyoti Resins & Adhesives share price & results

Jyoti Resins & Adhesives Ltd· Chemicals· Commodities

Results to: Jun 2026
Latest analysed call: Q1 FY27
Ownership as of: Sept 2026

Manufactures Euro 7000 wood adhesives (white glue), sold via carpenters, dealers and retailers across India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	88.0 ₹ crore	+17.3% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	14.0 %	−13.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	12.0 ₹ crore	−29.4% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	−0.0 ptsFY Mar 2007 vs FY Mar 2006	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−23.9 ptsFY Mar 2007 vs FY Mar 2006	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	+10.0 ptsFY Mar 2007 vs FY Mar 2006	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 3 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Jyoti Resins & Adhesives Ltd management guidance track record on Inve: 16 targets tracked across analysed earnings calls (0 achieved, 3 missed, 13 open).

Target	Original wording	Said	Latest call	Verdict
FY25 Volume Growth	20% volume growth for FY25 Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:No new information on this historical target. Call transcript, Q1 FY27 · 11 Aug 2026	Missed
Long-term Revenue Target	Rs. 500 crores of revenue till 2027 Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:For the '29, we can consider for the INR 500 crore revenue. (Timeline pushed from FY27/FY28 to FY29) Call transcript, Q1 FY27 · 11 Aug 2026	Delayed
Long-term EBITDA Margin	25% of EBITDA for the longer term Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:Q1 margin dropped to 14.4% due to RM costs, but management reiterated long-term guidance of 22-25%. Call transcript, Q1 FY27 · 11 Aug 2026	On Track

Source: Inve Guidance Tracker for Jyoti Resins & Adhesives Ltd · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Jyoti Resins & Adhesives Ltd's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹849.35 +1.90% · +₹15.85

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −33.1% 1Y

1Y: ₹1,270.45 on 24 Oct 2025 → ₹849.35. High ₹1,270.45 (24 Oct 2025), low ₹703.7 (30 Mar 2026).

Previous close: ₹833.5
Market cap: ₹1.0k Cr
52-week range: ₹703.7 – ₹1,254.9
One year: −32.32%

Overview

Symbol: NSE:JYOTIRES
Sector: Chemicals
Industry: Commodities
Exchange: NSE
Currency: INR

What Jyoti Resins & Adhesives Ltd does

Based on the company's own presentations, annual report and earnings calls.

Jyoti Resins and Adhesives Ltd manufactures synthetic resin (wood) adhesives at its plant in Santej, Gandhinagar/Ahmedabad, Gujarat, sold under the retail brand Euro 7000 (white glue) and the industrial Euro EWR range (Eco Grade, Max, E3+) for furniture and heavy-duty bonding applications. The business is carpenter-led: carpenters recommend the adhesive to dealers and end-consumers, so the company runs a branch-and-distributor network reaching retailers directly rather than selling only through wholesale channels. It also runs a carpenter loyalty/redemption programme (gifts, bank transfers) to build repeat usage and brand stickiness. A second (greenfield) manufacturing facility is being set up in Gujarat to support future capacity.

Segments

Retail (Euro 7000)
Industrial (Euro EWR)

States serviced: 14
Branches/warehouses: 54
Distributors: 65
Retailers served: 13,000
Carpenters registered (loyalty programme): 350,000+
Active carpenters (repeat purchases): 200,000+

Founded 1994Headquarters Ahmedabad, Gujarat, IndiaEmployees 510 (FY2024-25 (annual report) Company website

How the price took the results

close before → close after

Q1 FY27: −5.9%; 11 Aug
Q4 FY26: −1.6%; 8 May
Q3 FY26: −6.5%; 10 Feb
Q2 FY26: −0.5%; 13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

0 of 3 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Jyoti Resins & Adhesives Ltd management guidance track record on Inve: 16 targets tracked across analysed earnings calls (0 achieved, 3 missed, 13 open).

Target	Original wording	Said	Latest call	Verdict
FY25 Volume Growth	20% volume growth for FY25 Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:No new information on this historical target. Call transcript, Q1 FY27 · 11 Aug 2026	Missed
Long-term Revenue Target	Rs. 500 crores of revenue till 2027 Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:For the '29, we can consider for the INR 500 crore revenue. (Timeline pushed from FY27/FY28 to FY29) Call transcript, Q1 FY27 · 11 Aug 2026	Delayed
Long-term EBITDA Margin	25% of EBITDA for the longer term Call transcript, Q3 FY25 · 4 Feb 2025	Q3 FY25	Q1 FY27:Q1 margin dropped to 14.4% due to RM costs, but management reiterated long-term guidance of 22-25%. Call transcript, Q1 FY27 · 11 Aug 2026	On Track

Source: Inve Guidance Tracker for Jyoti Resins & Adhesives Ltd · to Q1 FY27

The full ledger

Open Jyoti Resins & Adhesives Ltd’s full ledger

A free account opens 5 company ledgers a month. All 16 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q1 FY27, 11 Aug 2026. 7 calls analysed.

Call summaries

Q1 FY27 — 11 Aug 2026

Jyoti Resins Q1 FY27

Jyoti Resins reported a resilient Q1 FY27 with 17% revenue growth, driven by 10% volume growth and 7% price increases, despite a challenging raw material environment that compressed EBITDA margins to 14.4%. The company is progressing with capacity expansion to 3,500 tons/month and aims for INR 600-650 crores revenue from this capacity. Strategic investments in brand building, distribution, and carpenter engagement continue, alongside efforts to normalize receivables days and achieve a long-term EBITDA margin of 23-25%.

Read the full call

Q4 FY26 — 8 May 2026

Jyoti Resins Q4 FY26

Jyoti Resins reported a strong Q4 FY26 with 18% revenue growth and 16% volume growth, achieving its highest quarterly performance. The company is undergoing a strategic transformation, expanding into new geographies, and strengthening its OEM segment. Despite significant raw material price increases (60-70% for VAM) and rising receivables, management is confident in achieving 15-20% volume growth and reaching INR 500 crore+ revenue in the next 2-3 years, supported by capacity expansion and increased brand investment.

Read the full call

Q3 FY26 — 10 Feb 2026

Jyoti Resins Q3 FY26

Jyoti Resins reported a soft Q3 FY26 with flattish revenue and volume growth, contrasting with a strong 20% volume growth in Q2 FY26. For the 9 months of FY26, volume growth stood at 4%-4.5%. The company is focused on strategic investments in ATL/BTL marketing, capacity expansion to 3,500 tons per month to support a target revenue of INR 500-700 crores, and strengthening its market footprint, while maintaining a debt-free balance sheet.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Jyoti Resins & Adhesives Ltd earnings calls (JYOTIRES)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2003 to Mar 2007).

Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
200.16 days 176.35 days 202.11 days 236.03 days 263.31 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
47.94 days 253.35 days 256.04 days 184.81 days 138.45 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
55.57 days 154.59 days 43.58 days 110.89 days 103.84 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
192.53 days 275.11 days 414.57 days 309.96 days 297.92 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
727.65 days 393.71 days 539.96 days 486.67 days 479.40 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
0.00% 0.00% 0.00% 0.00% 0.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2003 Mar 2004 Mar 2005 Mar 2006 Mar 2007
— — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
200.16 days	176.35 days	202.11 days	236.03 days	263.31 days

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
47.94 days	253.35 days	256.04 days	184.81 days	138.45 days

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
55.57 days	154.59 days	43.58 days	110.89 days	103.84 days

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
192.53 days	275.11 days	414.57 days	309.96 days	297.92 days

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
727.65 days	393.71 days	539.96 days	486.67 days	479.40 days

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: −29% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	65	71	79	75	74	72	93	88
Expenses	46	49	54	54	54	53	68	75
Operating profit	19	22	24	21	20	19	25	13
Operating margin	30.0%	32.0%	31.0%	27.0%	28.0%	26.0%	27.0%	14.0%
Other income	3	3	3	3	3	3	2	3
Interest	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	1
Profit before tax	22	25	27	23	23	21	27	15
Tax rate	25.0%	24.0%	27.0%	25.0%	26.0%	28.0%	25.0%	24.0%
Net profit	16	19	20	17	17	15	20	12
EPS (₹ per share)	13.58	15.88	16.48	14.48	14.30	12.81	16.73	9.79

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	262	257	284	314
Expenses	200	173	195	229
Operating profit	60	84	88	85
Other income	2	7	11	11
Interest	0	0	0	0
Depreciation	0	0	0	0
Profit before tax	61	90	99	94
Net profit	46	67	74	69

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
Equity capital	4	12	12	12	12	12
Reserves	59	94	154	217	241	277
Borrowings	0	0	0	0	0	0
Other liabilities	89	105	125	144	129	137
Total liabilities	152	211	292	373	382	426
Fixed assets	46	47	48	48	49	50
Capital work in progress	0	0	0	0	0	0
Investments	0	0	0	2	4	47
Other assets	105	163	243	323	329	329
Total assets	152	211	292	373	382	426

Source: Inve data · balance sheet · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operations	10	3	1	27	15	48
Cash from investing	-9	-2	0	5	8	-37
Cash from financing	-2	-1	-3	-7	-11	-11
Net cash flow	-1	-1	-2	24	12	0
Free cash flow	-6	-5	-2	25	13	44

Source: Inve data · cash flow · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	188	129	128	133	161	185
Inventory days	44	36	16	29	34	39
Days payable	17	8	46	58	72	44
Cash conversion cycle	214	157	98	104	122	180
Working capital days	-99	-15	1	10	31	83
Return on capital employed	40.0%	46.0%	73.0%	66.0%	50.0%	36.0%
Dividend payout	10.0%	15.0%	16.0%	16.0%	15.0%	15.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 54.75% as of Sept 2026; institutions added 0.06 pts since Jun 2026.

Promoters +0.38 pts 54.75%
Foreign institutions 0.00 pts 0.06%
Domestic institutions +0.06 pts 0.14%
Public −0.45 pts 45.05%

43,527 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

+0.38 pp 10.76% held

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Jyoti Resins & Adhesives Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	22.25%	unchanged
	10.81%	unchanged
	10.76%	+0.38 pp
	10.56%	unchanged
	0.19%	unchanged
	0.17%	unchanged
	—	off the list
	—	off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

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Performance −33.1% 1Y

What Jyoti Resins & Adhesives Ltd does

How the price took the results

Q1 FY27 — 11 Aug 2026

Q4 FY26 — 8 May 2026

Q3 FY26 — 10 Feb 2026

What the price assumes

Who bought this quarter

Who is on the register

Learn to analyse Jyoti Resins & Adhesives Ltd