Jyoti Resins and Adhesives Q4&FY21 Business Updates

 

             Jyoti Resins and Adhesives ltd 

          

Q4 & FY21 Business Updates 

Company overview - 

• JYOTI RESINS AND ADHESIVES LTD is a manufacturer of synthetic resin adhesives. The Company manufactures various types of wood adhesives (white glue) under the brand name of EURO 7000.

• The company launched its brand “Euro7000” in 2006.

• The company has steadily increased its plant (at Santej, Ahmedabad) capacity to 1000 Tonnes per month.

• Euro 7000has today grown exponentially and is now the second largest (No2) selling wood adhesive (white glue) brand in India in the retail segment.

•The company’s successs so far in this business is an outcome of its strategic vision focus on delivering world class products and services to its customers.

• Today it a services 12 states in India through 20 branches and 50 distributors,cateringto 10,000 retailers and 3 lac carpenters across India. A 300 strong sales force plays a key role in this process.

Q4&FY21 Financials - (in million inr)

Q4&FY21 Operational Highlights - 

* Management says that, we are toward to increase the capacity from 1000 TPM to 1500 TPM.

* Management say that, we are now the 2nd largest wood seller brand in India (retail segment).

* Management declared 30% dividend in FY21.

* Management say that, we are now debt free.

FY-21Financials Highlights - 

* Revenue - 101 crore

* EBITDA margin - 10.3

* Net profit margin - 10.2

* ROCE - 44%

* ROE - 33.6%

* ROA - 9.3%

* Debt to equity - 0

* Interest coverage ratio - 232

* Reverse are at - 40 crore

* Fixed assets are at - 39 crore

* Debtor days - 188 days

* Inventory turnover ratio - 7.37

* Promotor holding - 48.98%

——————————————————————

                    Thank you for reading