The Shares of Jyoti Resins and Adhesives Limited have delivered 45,830% in just ten years, as the share price has risen from Rs 2.6 in January 2013 to the current level of Rs 1,201 on the BSE.
Jyoti Resins and Adhesives Limited is an India-based company that is engaged in the business of manufacturing synthetic wood adhesives under its brand name EURO7000.
If an investor would have invested Rs 1 lakh in the company in January 2013, the total value of their holdings would be Rs 4.59 Crores today.
The shares reached an all-time high of Rs 1,818.45 in September 2022. At that point, the total value of Rs 1 lakh would have been 6.63 Crore as the shares logged a return of 66,250%.
Euro 7000 is a leading Adhesive brand in India. The company has established a plant in Ahmedabad with a capacity of 1,000 tons per month. The company has a presence in 12 states with more than 20 branches in the country.
In Q2FY23, the company reported a total revenue jumped 35 percent to Rs 65.65 crore from Rs 48.62 crore in the same period a year ago. In the previous quarter, their revenue stood at Rs 63.91 crore.
In the quarter under review, they reported a total net profit of Rs 8.82 Crore which increased 103 percent from Rs 4.34 crore in Q2FY22. On a sequential basis, their earnings declined from Rs 9.07 crore.
The company has a market capitalization of Rs 1,464 crores. The company’s promoters hold a 50.82 percent stake with zero shares pledged. In addition to that, Foreign Institutional Investors(FIIs) hold a 0.74 percent stake.
Written by Anoushka Roy
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