J.G.Chemicals Limited
NSE: JGCHEMCommodity Chemicals
Share price
₹630.75
-1.24% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
56
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,460 Cr
P/E ratio
32.8
P/B ratio
4.7
ROCE
17.7%
ROE
13.3%
Dividend yield
0.2%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 24.0% over the past year, and 19.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 8.9% over the last two years.
Whether it grew faster than its sector
It grew 19.6% a year against a sector median of 10.2% — 9.4 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 4.7 times its growth rate, on earnings growth of 7%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| J.G.Chemicals Limited — this one | 7%/yr | 33.2× | ₹4.7 |
| SRF Limited | -4%/yr | 32.9× | — |
| Deepak Fertilizers and Petrochemicals Corporation Limited | -16%/yr | 17.8× | — |
| Tata Chemicals Limited | -51%/yr | — | — |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | -18%/yr | 8.5× | — |
| Gujarat Alkalies and Chemicals Limited | — | 66.0× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Commodity Chemicals), it ranks 6 of 30 on returns, 2 of 27 on growth, 23 of 30 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 17.7% on capital, ahead of 80% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹147 crore of cash from the business and spent ₹72 crore on plant and equipment, with ₹75 crore to spare; it still raised ₹50 crore from shareholders — borrowings did not rise. And the profit is real: of every 100 rupees it reported over 7 years, about 58 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 68 days for its cash to waiting 110 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 8 Aug 2026 · Consolidated · Unaudited
Revenue
₹316 Cr
Revenue vs last year
+44.8%
Revenue vs last quarter
+10.4%
Net profit
₹26 Cr
Profit vs last year
+63.2%
Profit vs last quarter
+37.5%
Net margin
8.3%
EPS
₹6.40
Earnings call transcript · 10 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,460 Cr
- Prev close
- ₹630.75
- 52w High
- ₹688
- 52w Low
- ₹298
- Enterprise value
- ₹2,306 Cr
- Beta
- 1.4
- Price CAGR 1y
- 56.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 12.1%
- PEG ratio
- 4.7
- P/E ratio
- 32.8
- P/B ratio
- 4.7
- EV / EBITDA
- 24.0
- Industry P/E
- 19.1
- ROCE
- 17.7%
- ROCE 5y average
- 22.0%
- ROE
- 13.3%
- Debt / Equity
- 0.0
- Interest coverage
- 93.0
- Dividend yield
- 0.2%
- ROE 3y average
- 13.0%
- ROE last year
- 13.0%
Annual P&L
- Annual revenue
- ₹972 Cr
- Annual profit
- ₹69 Cr
- Operating margin
- 8.0%
- Net profit margin
- 7.1%
- EBITDA margin
- 8.4%
- Sales growth 3y
- 7.5%
- Sales growth 5y
- 17.5%
- Profit growth 3y
- 7.0%
- Profit growth 5y
- 24.0%
- EPS
- ₹17.5
- Sales growth TTM
- 24.0%
- Profit growth TTM
- 16.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹316 Cr
- Profit latest quarter
- ₹26 Cr
- YoY quarterly sales growth
- 44.8%
- YoY quarterly profit growth
- 62.5%
- OPM latest quarter
- 10.6%
Balance Sheet
- Book Value
- ₹135
- Face Value
- ₹10.0
- Total debt
- ₹6 Cr
- Total cash
- ₹38 Cr
- Borrowings
- ₹6 Cr
- Reserves / Equity
- 12.5
Cash Flow
- Operating cash flow
- ₹44 Cr
- Free cash flow
- ₹5 Cr
- FCF yield
- 0.2%
- Net cash flow
- -₹15 Cr
Shareholding
- Promoter holding
- 71.0%
- FII holding
- 3.2%
- DII holding
- 3.0%
- Public holding
- 22.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| SRF | 2,460.00 | 32.5 | 72,921 | 0.37 | 758.9 | 75.5 | 5,033.3 | 31.8 | 14.6 |
| Deepak Fertilis. | 1,415.40 | 18.2 | 17,868 | 0.71 | 490.0 | 101.5 | 3,256.3 | 22.5 | 11.4 |
| Tata Chemicals | 609.80 | 15,535 | 1.80 | 60.0 | -106.8 | 4,255.0 | 14.4 | 3.4 | |
| G N F C | 618.20 | 8.8 | 9,084 | 3.40 | 312.0 | 275.9 | 2,238.0 | 39.8 | 12.0 |
| Tanfac Inds. | 3,168.50 | 101.3 | 6,855 | 0.14 | 16.9 | -12.9 | 187.2 | 6.3 | 23.9 |
| Gujarat Alkalies | 616.00 | 68.2 | 4,524 | 2.87 | 55.0 | 499.0 | 1,244.9 | 12.7 | 1.4 |
| Grauer & Weil | 81.05 | 22.9 | 3,675 | 0.62 | 39.8 | -8.7 | 298.7 | 17.9 | 20.6 |
| J.G.Chemicals | 654.95 | 34.1 | 2,566 | 0.17 | 26.1 | 59.0 | 315.7 | 44.8 | 17.7 |
| Median | 198.00 | 20.0 | 724 | 0.28 | 7.3 | 59.0 | 106.4 | 14.4 | 10.3 |
Competes with: Deepak Fertilizers and Petrochemicals Corporation Limited, GHCL Limited, Grauer & Weil India Limited, Gujarat Alkalies and Chemicals Limited, Gujarat Narmada Valley Fertilizers and Chemicals Limited, SRF Limited, Tata Chemicals Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 153 | 161 | 181 | 203 | 212 | 209 | 224 | 218 | 220 | 248 | 286 | 316 |
| Expenses | 167 | 145 | 147 | 164 | 180 | 191 | 186 | 205 | 198 | 202 | 226 | 265 | 282 |
| Material Cost | 182 | 189 | 189 | 201 | 229 | 268 | |||||||
| Change in Inventories | 0.65 | -10 | -8.20 | -0.08 | 10 | -12 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 4.38 | 4.33 | 4.66 | 6.50 | 5.69 | 5.37 | |||||||
| Other Expenses | 17 | 15 | 16 | 18 | 20 | 21 | |||||||
| Operating Profit | 5 | 8 | 15 | 17 | 22 | 21 | 23 | 19 | 20 | 18 | 23 | 21 | 34 |
| OPM % | 3.18 | 5.18 | 9.16 | 9.45 | 11 | 9.95 | 11 | 8.69 | 9.08 | 8.15 | 9.16 | 7.51 | 11 |
| Other Income | 2 | -1 | 2 | 3 | 0 | 3 | 3 | 4 | 3 | 4 | 3 | 5 | 3 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 5 | 15 | 18 | 21 | 23 | 24 | 22 | 22 | 20 | 25 | 25 | 35 |
| Tax % | 25 | 22 | 28 | 25 | 25 | 26 | 26 | 26 | 25 | 26 | 25 | 26 | 25 |
| Net Profit | 4 | 4 | 11 | 14 | 16 | 17 | 18 | 16 | 16 | 15 | 18 | 19 | 26 |
| EPS in Rs | 1.20 | 1.18 | 3.22 | 3.34 | 3.88 | 4.21 | 4.33 | 3.92 | 4.02 | 3.67 | 4.47 | 4.65 | 6.40 |
| Diluted EPS in Rs | 3.92 | 4.03 | 3.67 | 4.50 | 4.61 | 6.40 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 398 | 434 | 611 | 782 | 668 | 848 | 972 | 1,071 |
| Expenses | 379 | 390 | 554 | 706 | 620 | 761 | 890 | 975 |
| Material Cost | 669 | 809 | ||||||
| Change in Inventories | 5.11 | -8.13 | ||||||
| Purchases of Stock-in-Trade | 0 | 0 | ||||||
| Employee Cost | 18 | 21 | ||||||
| Other Expenses | 70 | 69 | ||||||
| Operating Profit | 20 | 44 | 57 | 76 | 46 | 87 | 82 | 96 |
| OPM % | 4.90 | 10 | 9 | 10 | 7 | 10 | 8 | 9 |
| Other Income | 8 | 5 | 10 | 10 | 6 | 10 | 16 | 15 |
| Exceptional items (within Other Income) | 0 | 0 | ||||||
| Interest | 6 | 5 | 7 | 5 | 4 | 0.85 | 1 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 4.53 | 5.38 | 5 | 5 |
| Profit before tax | 19 | 41 | 57 | 77 | 43 | 90 | 92 | 105 |
| Tax % | 27 | 30 | 25 | 26 | 26 | 26 | 25 | |
| Net Profit | 14 | 29 | 43 | 57 | 32 | 67 | 69 | 78 |
| EPS in Rs | 106 | 192 | 328 | 17 | 7.88 | 17 | 18 | 19 |
| Diluted EPS in Rs | 16 | 17 | ||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 6 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 17%
- 3 years
- 8%
- TTM
- 24%
Compounded profit growth
- 10 years
- —
- 5 years
- 24%
- 3 years
- 7%
- TTM
- 16%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 56%
Return on equity
- 10 years
- —
- 5 years
- 17%
- 3 years
- 13%
- Last year
- 13%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 32 | 39 | 39 | 39 |
| Reserves | 84 | 107 | 151 | 176 | 359 | 426 | 489 |
| Borrowings | 52 | 74 | 94 | 70 | 14 | 0 | 6 |
| Other Liabilities | 12 | 27 | 18 | 20 | 37 | 33 | 34 |
| Minority Interest | 9.86 | 13 | |||||
| Total Liabilities | 149 | 210 | 264 | 298 | 449 | 498 | 569 |
| Fixed Assets | 21 | 23 | 22 | 35 | 42 | 39 | 67 |
| CWIP | 0 | 0 | 7 | 1 | 0 | 1 | 8 |
| Investments | 6 | 9 | 8 | 3 | 43 | 51 | 136 |
| Other Assets | 123 | 178 | 226 | 259 | 364 | 407 | 358 |
| Total Assets | 149 | 210 | 264 | 298 | 449 | 498 | 569 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 41 | -7 | 7 | 31 | 76 | -11 | 44 |
| Cash from Investing Activity | -11 | -6 | -5 | -5 | -140 | 25 | -60 |
| Cash from Financing Activity | -30 | 17 | -0 | -29 | 107 | -29 | 1 |
| Net Cash Flow | -0 | 4 | 1 | -2 | 43 | -15 | -15 |
| Free Cash Flow | 35 | -13 | -2 | 21 | 67 | -16 | 5 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 76 | 57 | 54 | 64 | 61 | 64 |
| Inventory Days | 49 | 51 | 65 | 60 | 37 | 60 | 42 |
| Days Payable | 3 | 8 | 4 | 5 | 5 | 9 | 5 |
| Cash Conversion Cycle | 91 | 119 | 118 | 109 | 96 | 112 | 101 |
| Working Capital Days | 59 | 72 | 68 | 82 | 96 | 119 | 110 |
| ROCE % | 27 | 28 | 30 | 14 | 20 | 18 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-154inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
25.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
70.08cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about J.G.Chemicals Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Virgin zinc metal
- Zinc ash
- Zinc dross / zinc scrap
Depends on the price of
- fuel
- zinc
Sells to
- Apollo Tyres Limited · Zinc oxide grades for rubber/tyre vulcanization
- CEAT Limited · Zinc oxide grades for rubber/tyre vulcanization
- MRF Limited · Zinc oxide grades for rubber/tyre vulcanization
Buys from
- Emkay Global Financial Services Limited · investment banking; book running lead manager for INR 251 crore IPO
- Keynote Financial Services Limited · merchant banking / equity capital markets mandate (SEBI Cat-I Merchant Banker)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Chemicals
- Industry
- Commodity Chemicals
- Classification
- Chemicals › Commodity Chemicals
- ISIN
- INE0MB501011
Plants
- J.G. Chemicals Belur facility
- J.G. Chemicals Jangalpur facility
- J.G. Chemicals Naidupeta facility (BDJ Oxides)
News impact
Big market events that reach J.G.Chemicals Limited, and how the effect spreads.
17 Aug, 04:22 IST · Market event · medium impact
Zinc hits multi-year record highs on mine supply interruptions and shrinking stockpiles, with the global market in deficit and galvanised-steel demand holding firm
Zinc, the metal used to rust-proof steel, has hit record prices because mines are producing less and stockpiles are running down - good for Indian zinc miners like Hindustan Zinc, bad for the pipe, wire and tower makers who have to buy it.
Who it hits first
- JG Chemicals, whose cost base is 87.1% zinc, faces the largest single-input squeeze of any company in this scan
- Galvanisers and pipe makers - APL Apollo, Surya Roshni and the wire and transmission-tower fabricators behind them - pay more for the zinc coating that is core to their product
- Hindustan Zinc and Vedanta realise higher prices on every tonne of zinc they mine and smelt
Who may gain
- Hindustan Zinc, India's dominant zinc miner, whose 54% operating margin geared to the metal price
- Vedanta, which captures the same upside through its controlling stake in Hindustan Zinc
- Zinc recyclers and secondary smelters, for whom scrap economics improve as virgin metal gets dearer
Along the supply chain
Downstream
Galvanised steel tube, GI pipe, steel wire and transmission-tower fabricators all pay more per tonne coated. That cost passes to construction, solar mounting structures, power transmission projects and water infrastructure over one to two quarters, so the eventual bearer is the infrastructure buyer, not the converter - but the converter carries it in the interim.
Upstream
Global zinc mine supply is the binding constraint - interruptions and depleted exchange stockpiles are what created the deficit. Indian smelters that buy concentrate rather than mine it face higher treatment-charge economics, while integrated miners like Hindustan Zinc, which own their concentrate, capture the full price move.
Where demand moves
Business
Galvanisers cannot substitute away from zinc - the coating is what the product is - so demand holds and the cost is absorbed as margin rather than avoided as volume. Some marginal demand shifts to zinc scrap and recycled metal, which is why secondary smelters gain. Downstream buyers of galvanised tube and GI pipe (construction, solar mounting, water infrastructure) face price increases with a lag, which is where the cost eventually lands.
Capital
Money rotates from zinc consumers towards zinc producers within metals - the classic producer-versus-converter split on a commodity spike. But the historical record cuts against chasing it: in all three past record-base-metal-price episodes the producers themselves fell over the following month, so the rotation has typically been better expressed by exiting converters than by buying miners.
How it spreads across sectors
Capital Goods
Galvanised tube, pipe and tower fabricators face direct input-cost inflation
Chemicals
Zinc-oxide makers face a working-capital and conversion-margin squeeze
Consumer Durables
Zinc die-cast components in appliances and fittings get dearer at the margin
Metals & Mining
Producers gain on realisation; concentrate-buying smelters gain less
Commodity angle
Commodity
zinc
Commodity move unresolved reason
no daily price series named 'zinc'; the Commodity node carries a reference price of 3,875 USD/tonne but no one-month or three-month change, so no margin_impact_bps can be computed without fabricating a move
Note
Commodity prices stale - using article-reported direction only. The article states record highs but gives no percentage, and the zinc node has no recorded change, so margin_impact_bps is deliberately left null rather than invented. Zinc in this graph is also heavily fragmented across 78 near-duplicate node names (zinc, Zinc, zinc oxide, Zinc ingots, zinc for galvanising...), only one of which carries a price.
Price updated at
2026-08-08
Shock type
price
When it plays out
Immediate
Converters mark up order books; the cost sits in inventory before it shows in reported margins
Medium term
Either mine supply recovers and the deficit closes, or sustained record prices pull forward recycling capacity and thinner coating specifications, both of which cap the upside
Short term
Galvanising margins compress visibly in the next reported quarter; zinc producers report higher realisations
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 23 Sep 2026 | unspecified | ₹1.1 |
|---|---|---|
| 5 Aug 2025 | unspecified | ₹1 |
Splits, bonuses & buybacks
- daily-prices repair: 4 rows from NSE's archive (replace 1, delete 1, insert 2), 2024-05-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 May 2024
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 28 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 3,15,935 | ₹656.40 |
| 28 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 3,14,039 | ₹656.86 |
| 28 Aug 2026 | HRTI PRIVATE LIMITED | BUY | 2,92,430 | ₹652.79 |
| 28 Aug 2026 | HRTI PRIVATE LIMITED | SELL | 2,59,350 | ₹653.48 |
| 10 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 5,86,564 | ₹620.88 |
| 10 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 5,86,564 | ₹620.60 |
| 10 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 5,25,814 | ₹614.50 |
| 10 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 5,20,022 | ₹614.13 |
| 10 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 3,85,407 | ₹618.30 |
| 10 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 3,85,407 | ₹618.09 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2710 Aug 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2615 May 2026
- Earnings call · Q3FY2616 Feb 2026
- Annual report · 2024-2518 Jul 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.