JGCHEM

J.G.Chemicals Limited

Zinc chemicals manufacturer of zinc oxide, zinc dust and related compounds

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

jgchem.com

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Key metrics

Price as of 2026-10-19

Stock price

₹613.75

Market cap

2,405 Cr

Stock P/E

32.0

P/B

4.55

Dividend yield

0.2%

ROE (FY26)

12.2%

ROCE (FY26)

16.9%

Operating margin (FY26)

7.9%

Debt / equity (FY26)

0.01

OCF / EBITDA (FY26)

53.1%

OCF / EBITDA (3Y)

50.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

JG Chemicals (J.G. Chemicals) makes zinc oxide and zinc sulphate, using zinc scrap it recycles, and sells mainly to tyre and rubber makers, with pharmaceutical, cosmetics and ceramics customers as a growing group.

Company snapshot

9thBy market cap

Ranked among 24 companies in Commodity Chemicals.

What we see

Positives

✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	181 Cr	203 Cr	212 Cr	209 Cr	224 Cr	218 Cr	220 Cr	248 Cr	286 Cr	316 Cr
Operating expenses (approx.)	164 Cr	180 Cr	191 Cr	186 Cr	205 Cr	198 Cr	202 Cr	226 Cr	265 Cr	282 Cr
EBITDA	17 Cr	22 Cr	21 Cr	23 Cr	19 Cr	20 Cr	18 Cr	23 Cr	21 Cr	34 Cr
OPM %	9.5%	11.1%	10.0%	11.0%	8.7%	9.1%	8.2%	9.2%	7.5%	10.6%
Other income	3 Cr	0.46 Cr	3 Cr	3 Cr	4 Cr	3 Cr	4 Cr	3 Cr	5 Cr	3 Cr
Interest	0.63 Cr	0.35 Cr	0.14 Cr	0.25 Cr	0.10 Cr	0.11 Cr	0.20 Cr	0.11 Cr	0.12 Cr	0.10 Cr
Depreciation	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr	1 Cr
Profit before tax	18 Cr	21 Cr	23 Cr	24 Cr	22 Cr	22 Cr	20 Cr	25 Cr	25 Cr	35 Cr
Tax %	25.1%	25.1%	25.9%	25.7%	26.2%	25.1%	26.1%	25.1%	25.6%	25.3%
Net profit	14 Cr	16 Cr	17 Cr	18 Cr	16 Cr	16 Cr	15 Cr	18 Cr	19 Cr	26 Cr
EPS (₹)	₹4.00	₹3.88	₹4.21	₹4.33	₹3.92	₹4.03	₹3.67	₹4.50	₹4.61	₹6.40

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	435 Cr	613 Cr	785 Cr	668 Cr	848 Cr	973 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	392 Cr	557 Cr	709 Cr	622 Cr	762 Cr	891 Cr	Sign in free for the trailing twelve months
EBITDA	44 Cr	56 Cr	76 Cr	45 Cr	86 Cr	82 Cr	Sign in free for the trailing twelve months
OPM %	10.0%	9.2%	9.6%	6.8%	10.2%	8.4%	Sign in free for the trailing twelve months
Other income	5 Cr	10 Cr	10 Cr	8 Cr	10 Cr	16 Cr	Sign in free for the trailing twelve months
Interest	5 Cr	6 Cr	5 Cr	4 Cr	0.85 Cr	0.54 Cr	Sign in free for the trailing twelve months
Depreciation	2 Cr	3 Cr	3 Cr	5 Cr	5 Cr	5 Cr	Sign in free for the trailing twelve months
Profit before tax	41 Cr	57 Cr	77 Cr	43 Cr	90 Cr	92 Cr	Sign in free for the trailing twelve months
Tax %	30.1%	24.9%	25.9%	25.5%	25.7%	25.5%	Sign in free for the trailing twelve months
Net profit	29 Cr	43 Cr	57 Cr	32 Cr	67 Cr	69 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹7.39	₹12.61	₹17.32	₹9.60	₹16.34	₹16.81	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	0.0%	5.7%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1 Cr	1 Cr	32 Cr	39 Cr	39 Cr	39 Cr
Reserves	107 Cr	151 Cr	176 Cr	359 Cr	426 Cr	489 Cr
Borrowings	74 Cr	94 Cr	70 Cr	14 Cr	0.20 Cr	6 Cr
Other liabilities	16 Cr	14 Cr	14 Cr	30 Cr	23 Cr	22 Cr
Total liabilities	210 Cr	264 Cr	298 Cr	449 Cr	498 Cr	569 Cr
Fixed assets (net)	22 Cr	22 Cr	35 Cr	42 Cr	39 Cr	67 Cr
CWIP	0.04 Cr	7 Cr	0.92 Cr	0 Cr	1 Cr	8 Cr
Investments	9 Cr	8 Cr	3 Cr	43 Cr	51 Cr	136 Cr
Inventories	49 Cr	88 Cr	104 Cr	56 Cr	111 Cr	92 Cr
Trade receivables	90 Cr	95 Cr	116 Cr	117 Cr	142 Cr	171 Cr
Cash & bank	5 Cr	6 Cr	4 Cr	47 Cr	31 Cr	16 Cr
Other assets	36 Cr	37 Cr	36 Cr	145 Cr	122 Cr	80 Cr
Total assets	210 Cr	264 Cr	298 Cr	449 Cr	498 Cr	569 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	-7 Cr	7 Cr	31 Cr	76 Cr	-11 Cr	44 Cr
Cash from investing	-6 Cr	-5 Cr	-5 Cr	-140 Cr	25 Cr	-60 Cr
Cash from financing	17 Cr	-0.19 Cr	-29 Cr	107 Cr	-29 Cr	0.92 Cr
Net cash flow	4 Cr	1 Cr	-2 Cr	43 Cr	-15 Cr	-15 Cr
Free cash flow (OCF − Capex)	-13 Cr	-2 Cr	21 Cr	67 Cr	-16 Cr	5 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	23.9%	25.4%	28.8%	11.1%	19.1%	16.9%
ROE %	19.7%	25.5%	25.7%	7.6%	13.5%	12.2%
Debtor days	75	56	54	64	61	64
Inventory days	51	63	59	37	61	41
Days payable	8	4	5	5	9	5
Cash conversion cycle	119	116	108	95	113	100
OCF / EBITDA %	-16.9%	12.0%	41.3%	167.6%	-13.0%	53.1%
OCF / EBITDA % (3 years)	—	—	17.5%	64.4%	46.4%	50.8%
Debt / equity	0.69	0.62	0.34	0.03	0.0004	0.01
Current ratio	2.07	2.20	3.34	9.98	19.90	18.64
Net debt / EBITDA	1.60	1.57	0.88	-0.73	-0.36	-0.12