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Jai Corp Limited (JAICORPLTD) · mywealthgrid

About

Jai Corp Limited manufactures plastic products for industrial applications within the Industrials sector, with a market cap of ₹1,766 Cr. The company operates with zero debt and maintains stable quarterly revenues in the ₹113–146 Cr range, suggesting a mid-scale presence in industrial plastics.

Face value: ₹1

Market cap

₹1,571 Cr

P/E

16.9×

P/B

1.1×

Dividend yield

0.6%

ROE

11.7%

ROCE

13.1%

Debt / equity

OPM

10.6%

EPS (TTM)

₹5.3

Book value

₹85.0

52-week high

₹170.3

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Jun 2025 net profit spiked to ₹104 Cr with margins collapsing to 6–7%, anomalous versus the 11–14% typical; verify whether this reflects one-time gains or structural change

Share price declined 7.96% YoY despite reported earnings; verify whether market skepticism reflects hidden cost pressures, competitive loss, or data issues

Institutional holding is minimal (FII 1.49%, DII 1.24%); verify analyst coverage and liquidity depth

ROE at 11.69% is modest; verify capital efficiency and organic growth prospects

Generated analysis · source review pending

Growth drivers

Zero debt (D/E 0) enables reinvestment in capacity or M&A without leverage risk

Sep 2025 revenue of ₹146.36 Cr is the highest recent quarter; verify if sustained by new customer wins, capacity additions, or seasonal factors

Dividends declared regularly (5 since 2022) with zero debt; verify if payout ratio allows adequate growth capex

Verify if industrial plastics market is growing in India (packaging, automotive, infrastructure) and if company is positioned to capture growth

Generated analysis · source review pending

₹89.5-37.7%1Y

Beta

2.42

Amplifies index moves

Volatility (1y)

38.8%

Annualised, daily returns

RSI (14)

28.6

Oversold territory

Rel. strength (1y)

-48.2%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1025.5×
+High promoter holding of 73.9% with no pledge

Cons

−Low return on equity of 6.6% (3-yr avg)
−Modest revenue growth of 1.8% a year over the last 5 years
−Low dividend payout of 9.4% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 54
Growth: 28
Valuation

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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

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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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	557	472	720	594	463	518	514
COGS	367	307	533	422	322	363	349
Gross profit	190	164	187	172	141	155	165
	144	116	125	129	94	102	111
	46	48	62	44	48	53	54
OPM %	8.3%	10.2%	8.7%	7.3%	10.3%	10.1%	10.6%
Depreciation	17	14	13	13	12	11	12
Interest	25	16	3	0	0	0	0
	35	112	20	-26	36	41	150
Profit before tax	40	130	66	5	72	83	193
Tax	6	37	13	18	19	16	24
Tax %	15.5%	28.8%	19.9%	382.5%	26.6%	19.4%	12.3%
	34	93	53	-14	52	66	169
PAT margin %	6.1%	19.7%	7.3%	-2.3%	11.3%	12.8%	32.9%
EPS (₹)	1.9	5.2	3	-0.8	2.9	3.8	9.6
EPS adjusted (₹)	1.9	5.2	2.9	-0.8	2.9	3.8	9.7
	26.6%	9.6%	16.9%	—	17%	146.3%	5.2%
Annual report	Annual report for Mar 2020	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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	18	18	18	18	18
Reserves	1,337	1,247	1,294	1,377	1,433	1,414	1,468	1,388	1,474
Minority interest	—	—	—	28	26	23	21	19	19
	388	1	223	92	0	2	0	0	0
	97	441	80	44	53	48	46	43	49
Total equity & liabilities	1,840	1,706	1,615	1,558	1,529	1,505	1,553	1,467	1,559
	161	165	139	126	121	118	108	98	102
CWIP	20	6	6	1	0	1	1	0	0
Investments	127	91	88	803	825	911	987	912	967
	1,532	1,445	1,382	629	583	475	458	457	490
Total assets	1,840	1,706	1,615	1,558	1,529	1,505	1,553	1,467	1,559

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Plastic Processing	503.87	69.47	241.03	26.98	214.05	32.46
Real Estate	10.47	2.85

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	34.1%	34.9%	26%	29%	30.5%	29.9%	32.1%
EBITDA margin %	9.5%	10.2%	7.6%	8.8%	10.7%	10.2%	10.6%
EBIT margin %	6.3%	7.3%	5.8%	6.6%	8%	8%	8.3%
PAT margin %	6.1%	19.7%	7.3%	-2.3%	11.3%	12.8%	32.9%
Working capital
Receivable days	45	47	33	32	39	39	33
Inventory days	198	293	156	182	243	208	252
Payable days	—	6	5	4	8	3	16
NWC days	—	334	184	211	275	244	269
Leverage
Current ratio	—	4.18	13.65	16.75	20.55	20.52	26.73
Debt to EBITDA	4.24	1.91	0	0.03	0	0	0
Debt to equity	0.17	0.07	0	0	0	0	0
Interest coverage	2.9	9.1	17.9	338.5	410.2	396.1	1,025.5
Asset turnover	0.34	0.3	0.47	0.4	0.3	0.35	0.33
Return ratios
Return on assets %	2.1%	6%	3.4%	-0.9%	3.4%	4.5%	10.9%
Return on capital employed %	4.4%	9.4%	4.1%	4.3%	4.9%	5.6%	13.1%
Return on equity %	2.6%	6.7%	3.6%	-0.9%	3.5%	4.7%	11.3%

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
	73.79%	73.79%	73.79%	73.79%	73.79%	73.92%	73.92%	73.92%	73.92%	73.92%	73.92%	73.92%
	0.92%	1.44%	1.73%	1.69%	1.61%	1.61%	1.4%	0.79%	0.91%	0.71%	0.8%	1.49%
	1.66%	1.66%	1.65%	1.65%	1.61%	1.64%	1.64%	1.65%	1.57%	1.57%	1.57%	1.24%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	23.63%	23.11%	22.83%	22.87%	22.99%	22.83%	23.04%	23.64%	23.6%	23.8%	23.71%	23.35%
No. of shareholders	—	—	—	—	—	—	—	—	1,08,972	1,05,554	1,02,899	99,811

Promoter holding up 0.13 percentage points since Sep 2023.

117 deals · 6 Sept 2021 – 27 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	10,02,688	₹167.24	₹16.77 Cr
27 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	10,02,688	₹167.14	₹16.76 Cr
8 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	47,35,860	₹161.98	₹76.71 Cr
8 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	47,35,860	₹162.08	₹76.76 Cr
8 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	12,58,245	₹162.22	₹20.41 Cr
8 Oct 2025	MUSIGMA SECURITIES	Bulk	NSE	Sell	12,44,174	₹164.02	₹20.41 Cr
8 Oct 2025	MUSIGMA SECURITIES	Bulk	NSE	Buy	12,44,174	₹163.92	₹20.39 Cr
8 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	12,29,340	₹162.53	₹19.98 Cr
8 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	12,29,340	₹162.48	₹19.97 Cr
8 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	11,92,987	₹160.53	₹19.15 Cr

1–10 of 117

1 / 12

Mr. Anand JainNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Virendra JainNon-Executive - Non Independent Director
Mr. Gaurav JainExecutive Director-CEO-MD
Ms. Priyanka S. FadiaNon-Executive - Independent Director
Mr. Kaushik DevaNon-Executive - Independent Director
Ms. Amita JasaniNon-Executive - Independent Director
Mr. Amit Kumar MundraNon-Executive - Independent Director
Mr. Dinesh D. PaliwalExecutive Director
Mr. Deepak OjhaChief Financial Officer
Ananjan DattaCompany Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

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

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

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

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

0.04%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	135	0	0%	0%	-0

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Documents

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

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

28 announcementsExport CSV

28 Aug 2026, 11:31 amOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

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Date	Category	Subject	Filing
28 Aug 2026, 11:31 am	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
28 Aug 2026, 11:29 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
28 Aug 2026, 11:19 am	AGM/EGM AGM	Notice Of Annual General Meeting	PDF
24 Aug 2026, 4:13 pm	Corp. Action Record Date	Record And Cut- Date Of For Dividend And E-Voting 21/09/2026	PDF
24 Aug 2026, 4:07 pm	AGM/EGM AGM	Annual General Meeting On 28/09/2026	PDF
19 Aug 2026, 2:27 pm	Company Update General	Special Window For Transfer And Dematerialisation Of Physical Securities	PDF
13 Aug 2026, 5:21 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting	PDF
11 Aug 2026, 11:37 am	Company Update Strikes /Lockouts / Disturbances	Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	60	80	-5	91	72	41	45	14
	501	-9	170	4	-60	-30	111	85
	-557	-77	-158	-98	-17	-11	-155	-97
Net cash flow	—	—	7	-3	-5	-0	1	2
Free cash flow	—	—	-14	88	68	39	42	3
CFO / Operating profit %	—	—	-10.3%	166.7%	138.2%	83%	85.5%	24.9%

Jai Corp Limited

Jai Corp Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

20

1

1

Segment results

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

ASSET MANAGEMENT ACTIVITY · revenue

Jai Corp Limited

Jai Corp Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Dividends20

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

ASSET MANAGEMENT ACTIVITY · revenue

20

1

1