Jindal Photo Limited (JINDALPHOT)

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Jindal Photo Limited (JINDALPHOT) · mywealthgrid

About

Jindal Photo Limited is an investment company in the financials sector with a market cap of ₹1,089 Cr. Its low quarterly revenue (₹0.5–11 Cr) paired with exceptionally high operating margins (95.71% annual, 98%+ recent quarters) reflect a capital-deployment model rather than operational business. Earnings remain volatile and unprofitable overall (PE n/a, ROE −2.29%), indicating investment revaluations rather than steady cash generation drive results.

Face value: ₹10

Market cap

₹1,063 Cr

P/E

—

P/B

1.0×

Dividend yield

ROE

-2.3%

ROCE

—

Debt / equity

0.06

OPM

95.7%

EPS (TTM)

₹-60.5

Book value

₹995.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: Q4 standalone loss of ₹116.95 Cr followed by profitable quarters; verify what triggered the collapse and whether it recurs.
Standalone vs consolidated divergence: Dec 2025 standalone loss ₹116.95 Cr was offset by subsidiary gains to show ₹0.94 Cr consolidated loss; verify parent company health and sustainability of subsidiary gains.
Negative annual ROE (−2.29%) suggests ongoing wealth destruction; verify whether Jun 2026 profitability (₹6.67 Cr net profit) represents structural turnaround or temporary gain.
Share price volatility: 52-week range ₹820–₹1,555 (90% swing) with PE n/a indicates speculative valuations; verify what supports current price of ₹1,085.

Generated analysis · source review pending

Growth drivers

Recent profitability (Jun 2026: ₹6.67 Cr net profit) after consecutive quarters of losses; verify whether structural turnaround or one-time gain.
Investment portfolio realization: ₹1,089 Cr market cap on ₹7–10 Cr quarterly revenue depends entirely on asset liquidity and exit timing; verify realization plans.
Subsidiary gains: Dec 2025 shows subsidiaries contributed ₹116 Cr+ gains offsetting parent loss; verify if this is sustainable earnings stream or one-time revaluation.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,031.8-1.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 95.7%
+Revenue CAGR of 124.6% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+High promoter holding of 74.2% with no pledge

Cons

−Low return on equity of 8.1% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 51
Growth: 56
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
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

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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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	0	8	20	2	13
Interest	4	4	5	5	6	5	5	5
Expenses	1	0	0	0	1	0	0	1
Financing profit	-5	-5	-5	-6	2	15	-3	7
Financing margin %	-6,614.3%	-4,710%	-2,245.5%	-5,027.3%	21.9%	75.7%	-115.9%	53.2%
Other income	3	0	0	0	0	0	0	0
Depreciation	—	0	0	0	0	0	0	0
Exceptional items	-1	0	0	0	0	0	0	0
Profit before tax	-2	-5	-5	632	166	266	226	-20
Tax	1	-1	-0	-1	-1	0	-0	3
Tax %	25.9%	-28.2%	-8.6%	-0.2%	-0.7%	0%	-0.1%	14.2%
PAT	-3	-3	-4	634	167	266	226	-23
EPS (₹)	-2.9	-3.3	-4.4	-617.8	163	258.9	220.3	-22.2
EPS adjusted (₹)	-2.9	-3.3	-4.4	617.7	162.9	258.8	220.2	-22.2
Annual report	Annual report for Mar 2019	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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10	10
Reserves	24	14	15	1,814	1,982	2,250	958	1,011
	44	53	57	63	68	—	59	65
	24	22	23	21	19	74	20	157
Total equity & liabilities	103	99	105	1,908	2,080	2,335	1,048	1,243
	5	4	4	4	4	4	4	4
CWIP	—	—	—	—	—	0	—	—
Investments	41	37	42	1,846	2,019	0	987	1,181
	57	58	59	58	58	2,331	58	58
Total assets	103	99	105	1,908	2,080	2,335	1,048	1,243

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	-0	-1	-0	0	7
	0	2	-1	0	0	-0	-7
	0	0	0	1	0	0	0
Net cash flow	0	2	-2	-0	0	-0	0
Free cash flow	—	-0	-0	-1	-0	0	7
CFO / Operating profit %	—	—	—	-6.9%	-1.9%	2.9%	61.9%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	-914.3%	-360%	-86.4%	-327.3%	93.5%	97.8%	83.7%	95.7%
EBIT margin %	-914.3%	-410%	-109.1%	-372.7%	92.9%	97.6%	81.7%	95.3%
PAT margin %	-4,171.4%	-3,390%	-2,027.3%	5,76,109.1%	2,126.7%	1,308.1%	9,184.6%	-181.2%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	0	689	0	0
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	—	9.29	—	28.85	5.38
Debt to equity	1.29	2.18	2.3	0.03	0.03	—	0.06	0.06
Interest coverage	0.6	-0.1	-0	-0.1	1.3	4.4	0.4	2.2
Asset turnover	0	0	0	0	0	0.01	0	0.01
Return ratios
Return on assets %	-2.8%	-3.4%	-4.2%	33.2%	8%	11.4%	21.6%	-1.8%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	-8.5%	-14%	-17.8%	34.7%	8.4%	11.7%	23.3%	-2.2%

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
	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%	74.2%
	0%	0%	0%	0.02%	0%	0%	0%	0.02%	0%	0%	0.01%	0%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.78%	25.78%	25.78%	25.76%	25.78%	25.78%	25.78%	25.76%	25.78%	25.78%	25.77%	25.78%
No. of shareholders	—	—	—	—	—	—	—	—	16,770	16,664	16,506	16,491

Promoter holding up 0 percentage points since Sep 2023.

33 deals · 3 Dec 2021 – 30 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	71,353	₹946.55	₹6.75 Cr
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	71,353	₹946.42	₹6.75 Cr
27 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	82,456	₹920.21	₹7.59 Cr
27 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	82,456	₹919.86	₹7.58 Cr
11 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,04,968	₹630.29	₹6.62 Cr
11 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,04,968	₹630.58	₹6.62 Cr
22 Sept 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	60,039	₹536.76	₹3.22 Cr
22 Sept 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	60,039	₹536.35	₹3.22 Cr
21 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,52,776	₹505.22	₹7.72 Cr
21 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,52,776	₹506.95	₹7.74 Cr

1–10 of 33

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Mr. Suresh Chander SharmaNon-Executive - Independent Director-Chairperson
Mr. Manoj Kumar RastogiExecutive Director-MD
Mr. Awadhesh Kumar JhaChief Financial Officer
Mr. Radhey ShyamNon-Executive - Independent Director
Ms. Geeta GilotraNon-Executive - Non Independent Director
Mr. Prakash MataiNon-Executive - Non Independent Director
Mr. Sunil Kumar AgarwalNon-Executive - Non Independent Director
Mrs. Mukta SharmaCompany Secretary & 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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Jindal Photo Limited. 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

Loading documents…

Events

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

6

Final dividend21 Sept 2012 · ex-date₹1
Final dividend20 Sept 2011 · ex-date₹1
Final dividend22 Sept 2010 · ex-date₹1
Dividend dividend22 Sept 2009 · ex-date₹1
Final dividend17 Sept 2008 · ex-date₹1
Final dividend12 Sept 2007 · ex-date₹1

1

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

21 Aug 2026, 6:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

19 Aug 2026, 6:41 pmAGM/EGM

Jindal Photo Ltd - 532624 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

19 Aug 2026, 6:37 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

14 Aug 2026, 2:27 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

13 Aug 2026, 7:13 pmCompany Update

Intimation Of 23Rd Annual General Meeting

General PDF

13 Aug 2026, 6:26 pmResult

Results-Financial Results For Quarter Ended June 30, 2026

Financial Results PDF

13 Aug 2026, 6:18 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held On August 13, 2026

Outcome of Board Meeting PDF

10 Aug 2026, 11:58 amBoard Meeting

Board Meeting Intimation for Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended June 30, 2026

Exchange filing PDF

Date	Category	Subject	Filing
21 Aug 2026, 6:02 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
19 Aug 2026, 6:41 pm	AGM/EGM Postal Ballot	Jindal Photo Ltd - 532624 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

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Jindal Photo Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends6

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Dividends6

Board meetings1

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

6

1

6

1