J.G.Chemicals Ltd
Incorporated in 2001, J.G Chemicals is a leading Zinc Oxide Manufacturer having the capability to produce up to 80 grades of Zinc oxide[1]
- Market Cap ₹ 1,683 Cr.
- Current Price ₹ 431
- High / Low ₹ 467 / 171
- Stock P/E 89.5
- Book Value ₹ 78.1
- Dividend Yield 0.00 %
- ROCE 8.10 %
- ROE 5.94 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.4% over last 3 years.
- Earnings include an other income of Rs.10.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 226 | 187 | 256 | 335 | 244 | 257 | |
| 216 | 177 | 241 | 307 | 233 | 241 | |
| Operating Profit | 9 | 10 | 15 | 28 | 11 | 16 |
| OPM % | 4% | 5% | 6% | 8% | 4% | 6% |
| 8 | 4 | 9 | 8 | 6 | 11 | |
| Interest | 3 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 14 | 12 | 21 | 34 | 14 | 25 |
| Tax % | 26% | 40% | 24% | 26% | 25% | |
| 10 | 7 | 16 | 25 | 11 | 19 | |
| EPS in Rs | 85.25 | 56.56 | 129.51 | 7.95 | 2.75 | 5.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 32 | 39 | 39 |
| Reserves | 69 | 76 | 92 | 87 | 250 | 267 |
| 20 | 22 | 24 | 13 | 0 | 0 | |
| 3 | 7 | 6 | 5 | 22 | 7 | |
| Total Liabilities | 93 | 107 | 123 | 137 | 312 | 313 |
| 4 | 5 | 5 | 5 | 9 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9 | 11 | 11 | 6 | 44 | 59 |
| 81 | 90 | 107 | 126 | 259 | 247 | |
| Total Assets | 93 | 107 | 123 | 137 | 312 | 313 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 27 | 4 | -3 | 6 | 28 | |
| -7 | -1 | 3 | 5 | -141 | |
| -20 | 1 | -0 | -12 | 154 | |
| Net Cash Flow | -0 | 4 | -0 | -0 | 40 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 46 | 76 | 57 | 55 | 66 |
| Inventory Days | 46 | 45 | 74 | 38 | 41 |
| Days Payable | 4 | 8 | 5 | 4 | 7 |
| Cash Conversion Cycle | 87 | 113 | 126 | 88 | 100 |
| Working Capital Days | 111 | 137 | 135 | 126 | 99 |
| ROCE % | 14% | 21% | 28% | 8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23h
-
Announcement under Regulation 30 (LODR)-Meeting Updates
2d - Outcome of Analysts'/Investors' Meeting on 19th November.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
-
Statement Of Deviation & Variation In The Use Of Proceeds Of IPO Under Regulation 32 Of SEBI LODR Along With Monitoring Agency Report
14 Nov - Confirmation of no deviation in IPO fund utilization.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - No deviation in IPO fund utilization reported.
Leading Zinc Manufacturer[1] JG Chemical is the largest zinc oxide manufacturer in India and top-10 global producer, employing the widely adopted French process technology. As of March 2022, company holds 30% market share.