Jagatjit Industries Ltd (JAGAJITIND)

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Jagatjit Industries Ltd (JAGAJITIND) · mywealthgrid

About

Jagatjit Industries operates in Breweries & Distilleries within Consumer Staples. Market cap ₹806.13 Cr with revenue ₹100+ Cr per quarter (₹113.96 Cr Mar 2021); produces spirits and beer in India. Highly promoter-controlled at 87.33%, minimal institutional ownership (0% FII, 0.02% DII), tight public float of 12.65%.

Face value: ₹10

Market cap

₹650 Cr

P/E

63.0×

P/B

10.3×

Dividend yield

ROE

17.7%

ROCE

10%

Debt / equity

5.7

OPM

-13.1%

EPS (TTM)

₹2.2

Book value

₹13.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

OPM negative at -2.16% despite recovery to 6.84% (Mar 2021); verify if relapse, data lag, or ongoing sector headwinds
Extreme D/E of 7.51 magnifies sensitivity to revenue/margin shocks; check debt maturity, covenants, refinance risk
ROE -36.11% and PE n/a show shareholder value destruction; reconcile vs. Mar 2021 profits in standalone data
Excise duty sensitivity in beverages; verify pending regulatory or tax changes and impact on compressed margins

Generated analysis · source review pending

Growth drivers

Revenue grew 145% from ₹46.56 Cr (Jun 2019) to ₹113.96 Cr (Mar 2021); verify if recent results sustain or contract
OPM recovered 28pp from -21.76% (Jun 2019) to 6.84% (Mar 2021); identify operational or product-mix drivers and assess sustainability
Net profit improved ₹28 Cr from -₹16.42 Cr (Jun 2019) to ₹11.63 Cr (Mar 2021); verify which product lines or geographies drove turnaround

Generated analysis · source review pending

2,263 historical price candles were omitted because the exchange source has not been verified.

₹138.9-1.9%1Y

Quick read

rule-based

Pros

+Profit CAGR of 16% over the last 5 years
+High promoter holding of 87.3% with no pledge

Cons

−Low return on equity of -2.6% (3-yr avg)
−Revenue shrank over the last 5 years (-2.9% a year)
−Heavily leveraged (debt/equity 5.7)
−Weak interest coverage of 1.3×
−Expensive at 63× trailing earnings
−Trading at 10.3× book value

Research score

Structured signal from quality, growth, valuation and momentum.

22/100

Business quality: 14
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	421	451	582	708	642	364
COGS	202	250	296	345	337	176
Gross profit	218	201	286	363	305	187
	207	214	280	346	319	235
	11	-13	6	17	-14	-47
OPM %	2.7%	-2.9%	1%	2.5%	-2.2%	-13.1%
Depreciation	9	10	10	10	9	18
Interest	30	29	31	26	28	36
	30	52	42	26	28	112
Profit before tax	5	1	7	8	-23	10
Tax	0	0	0	0	0	0
Tax %	0%	7.7%	0%	0%	0%	0.1%
	5	0	7	8	-23	10
PAT margin %	1.2%	0.1%	1.2%	1.1%	-3.7%	2.7%
EPS (₹)	1.2	0.1	1.6	1.6	-5	2.1
EPS adjusted (₹)	1.1	0.1	1.5	1.6	-5	2.2
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	46	46	46	46	46	47	47	47
Reserves	46	-1	5	6	19	29	7	16
	217	202	216	217	222	271	404	359
	339	264	232	230	215	268	264	297
Total equity & liabilities	648	512	498	499	502	615	721	719
	393	373	372	369	363	361	358	545
CWIP	0	0	0	0	1	8	191	1
Investments	9	6	23	23	23	21	20	4
	247	133	103	106	116	226	153	169
Total assets	648	512	498	499	502	615	721	719

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.9%	44.5%	49.1%	51.3%	47.5%	51.5%
EBITDA margin %	2.7%	-2.9%	1%	2.5%	-2.2%	-13.1%
EBIT margin %	0.5%	-5.1%	-0.8%	1.1%	-3.6%	-18.1%
PAT margin %	1.2%	0.1%	1.2%	1.1%	-3.7%	2.7%
Working capital
Receivable days	18	26	16	19	12	31
Inventory days	64	54	55	66	54	122
Payable days	106	81	61	83	92	156
NWC days	-25	-1	9	2	-25	-4
Leverage
Current ratio	0.5	0.54	0.56	0.75	0.55	0.52
Debt to EBITDA	19.12	—	40.29	15.53	—	—
Debt to equity	4.26	4.17	3.41	3.56	7.51	5.7
Interest coverage	1.1	1	1.2	1.3	0.2	1.3
Asset turnover	0.84	0.91	1.16	1.15	0.89	0.51
Return ratios
Return on assets %	1%	0.1%	1.4%	1.2%	-3.3%	1.4%
Return on capital employed %	9.3%	8.6%	11%	9.2%	1.1%	10%
Return on equity %	9.7%	0.9%	10.9%	10%	-43.6%	15.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	88.03%	88.03%	87.55%	87.33%	87.33%	87.33%	87.33%	87.33%	87.33%	87.33%	87.33%	87.33%
	0%	0%	0%	0%	0%	0%	0.03%	0.03%	0.03%	0%	0%	0%
	0.02%	0.02%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	11.95%	11.95%	12.42%	12.65%	12.65%	12.65%	12.62%	12.62%	12.62%	12.65%	12.65%	12.65%
No. of shareholders	—	—	—	—	—	—	—	—	13,114	13,309	13,479	13,243

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Jagatjit Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Board meeting to consider results13 Aug 2026
Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

1 Oct 2026, 12:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.9%	44.5%	49.1%	51.3%	47.5%	51.5%
EBITDA margin %	2.7%	-2.9%	1%	2.5%	-2.2%	-13.1%
EBIT margin %	0.5%	-5.1%	-0.8%	1.1%	-3.6%	-18.1%
PAT margin %	1.2%	0.1%	1.2%	1.1%	-3.7%	2.7%
Working capital
Receivable days	18	26	16	19	12	31
Inventory days	64	54	55	66	54	122
Payable days	106	81	61	83	92	156
NWC days	-25	-1	9	2	-25	-4
Leverage
Current ratio	0.5	0.54	0.56	0.75	0.55	0.52
Debt to EBITDA	19.12	—	40.29	15.53	—	—
Debt to equity	4.26	4.17	3.41	3.56	7.51	5.7
Interest coverage	1.1	1	1.2	1.3	0.2	1.3
Asset turnover	0.84	0.91	1.16	1.15	0.89	0.51
Return ratios
Return on assets %	1%	0.1%	1.4%	1.2%	-3.3%	1.4%
Return on capital employed %	9.3%	8.6%	11%	9.2%	1.1%	10%
Return on equity %	9.7%	0.9%	10.9%	10%	-43.6%	15.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
United Spirits LimitedUNITDSPRUNITDSPR	₹97,115 Cr	₹97,121 Cr	₹28,118 Cr	₹2,281 Cr	8.2%	₹1,884 Cr	6.6%	27.2%	21.6%	63
Radico Khaitan LimitedRADICORADICO	₹56,733 Cr	₹57,065 Cr	₹21,531 Cr	₹1,138 Cr	4.9%	₹704 Cr	2.9%	26.2%	19.9%	113
United Breweries LimitedUBLUBL	₹31,432 Cr	₹32,607 Cr	₹18,002 Cr	₹777 Cr	4.6%	₹396 Cr	2.4%	12.7%	9.3%	86
Allied Blenders And Distillers LimitedABDLABDL	₹19,004 Cr	₹20,150 Cr	₹7,604 Cr	₹546 Cr	7.2%	₹221 Cr	2.9%	26.7%	14.2%	77
Tilaknagar Industries LimitedTITI	₹13,428 Cr	₹15,723 Cr	₹6,711 Cr	₹494 Cr	8%	₹-32 Cr	0.4%	11.7%	1.1%	107
Piccadily Agro Industries LimitedPICCADILPICCADIL	₹5,729 Cr	₹6,260 Cr	₹1,177 Cr	₹239 Cr	20.6%	₹141 Cr	12.1%	32.5%	24.8%	297
Globus Spirits LimitedGLOBUSSPRGLOBUSSPR	₹2,290 Cr	₹2,805 Cr	₹3,813 Cr	₹279 Cr	7.2%	₹101 Cr	2.5%	13.4%	8.8%	41
Gm Breweries LimitedGMBREWGMBREW	₹2,171 Cr	₹2,171 Cr	₹2,977 Cr	₹181 Cr	6.1%	₹157 Cr	5.3%	19.1%	14.5%	17
India Glycols LimitedINDIAGLYCOINDIAGLYCO	₹2,002 Cr	₹3,580 Cr	₹10,312 Cr	₹669 Cr	6.6%	₹316 Cr	3%	11.9%	11.3%	27
Som Distilleries & Breweries LimitedSDBLSDBL	₹1,558 Cr	₹1,770 Cr	₹2,026 Cr	₹30 Cr	3.7%	₹-30 Cr	0.5%	6.1%	1.2%	21
Associated Alcohols & Breweries Ltd.ASALCBRASALCBR	₹1,228 Cr	₹1,294 Cr	₹1,049 Cr	₹136 Cr	13.8%	₹83 Cr	8.6%	19.2%	14.6%	89
Sula Vineyards LimitedSULASULA	₹1,105 Cr	₹1,399 Cr	₹599 Cr	₹102 Cr	17.4%	₹25 Cr	4.3%	9.7%	4.4%	375

Date	Category	Subject	Filing
1 Oct 2026, 12:05 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 2:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
30 Sept 2026, 2:03 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
5 Sept 2026, 11:43 am	Corp. Action Book Closure	Book Closure For The Purpose Of AGM	PDF
5 Sept 2026, 11:37 am	AGM/EGM AGM	Notice Of 81St Annual General Meeting Of The Company	PDF
5 Sept 2026, 11:32 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 5:36 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
24 Aug 2026, 3:33 pm	Company Update Resignation of Chief Financial Officer (CFO)	Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	51	16	25	14	12	30	-5	-75
	77	51	-5	10	20	-66	-100	149
	-130	-66	-26	-28	-24	26	105	-73
Net cash flow	-2	1	-5	-4	9	-10	-0	1
Free cash flow	49	15	14	9	8	-25	-155	-191
CFO / Operating profit %	—	—	223.7%	—	221.9%	174.1%	—	—

Jagatjit Industries Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

Announcements

Not in the F&O segment

2

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Jagatjit Industries Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings2

Announcements

Ratio timeline

Not in the F&O segment

Board meetings2

No fund holdings on record

Announcements

Quarterly record

Annual reports

Credit ratings

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

2