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JG Chemicals Limited
(JGCHEM)
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Rating:72Outperform
Price Target:
₹647.00
▲(28.06% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by strong financial resilience from a high-quality balance sheet and supportive technical momentum (price above key moving averages with positive MACD). Offsetting factors are uneven profitability in the latest year (margin pressure) and inconsistent cash-flow conversion, while valuation is less compelling due to a higher P/E and a very low dividend yield.
Positive Factors
Very low leverage
Near-zero leverage and a substantially larger equity base strengthen financial resilience and reduce dependence on external funding. This gives JG Chemicals greater flexibility to withstand weaker conditions, support operations, and pursue growth while limiting balance-sheet risk over the coming quarters.
Negative Factors
Recent margin compression
The broad decline in gross, EBIT, and EBITDA margins signals pressure on the economics of recent sales, whether from costs, pricing, or mix. If sustained, weaker margins could limit earnings conversion from revenue growth and reduce the durability of profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero leverage and a substantially larger equity base strengthen financial resilience and reduce dependence on external funding. This gives JG Chemicals greater flexibility to withstand weaker conditions, support operations, and pursue growth while limiting balance-sheet risk over the coming quarters.
Read all positive factors
JG Chemicals Limited (JGCHEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.86B
Dividend Yield0.18%
Average Volume (3M)56.61K
Price to Earnings (P/E)30.7
Beta (1Y)1.01
Revenue Growth23.99%
EPS Growth16.40%
CountryIN
Employees108
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)19.15
Shares Outstanding39,186,060
10 Day Avg. Volume18,930
30 Day Avg. Volume56,610
Financial Highlights & Ratios
PEG Ratio6.25
Price to Book (P/B)2.29
Price to Sales (P/S)1.24
P/FCF Ratio122.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20
Revenue Forecast (FY)₹11.08B
JG Chemicals Limited Business Overview & Revenue Model
Company Description
Operating from its Kolkata, India base since its establishment in 1975, J.G. Chemicals Limited is an Indian enterprise primarily engaged in the production and supply of zinc oxide. The company caters to numerous industrial sectors, such as rubber,...
JG Chemicals Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.71B | 9.73B | 8.48B | 6.68B | 7.85B | 6.12B |
| Gross Profit | 1.65B | 1.46B | 1.69B | 1.11B | 1.45B | 1.12B |
| EBITDA | 983.28M | 978.56M | 961.28M | 509.44M | 846.82M | 660.45M |
| Net Income | 751.89M | 658.78M | 640.15M | 308.56M | 549.43M | 400.05M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.69B | 4.98B | 4.49B | 2.98B | 2.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.60B | 1.44B | 1.79B | 38.28M | 58.64M |
| Total Debt | 0.00 | 64.48M | 2.00M | 137.76M | 703.51M | 939.42M |
| Total Liabilities | -5.41B | 281.96M | 233.17M | 434.74M | 842.62M | 1.08B |
| Stockholders Equity | 5.41B | 5.28B | 4.65B | 3.98B | 2.08B | 1.53B |
Cash Flow | ||||||
| Free Cash Flow | 20.80M | 99.07M | -158.87M | 665.10M | 212.79M | -22.20M |
| Operating Cash Flow | 331.31M | 489.33M | -111.97M | 759.64M | 311.69M | 67.52M |
| Investing Cash Flow | -554.57M | -655.62M | 247.60M | -1.40B | -48.97M | -54.15M |
| Financing Cash Flow | -1.85M | 14.70M | -288.78M | 1.07B | -285.73M | -1.90M |
JG Chemicals Limited Technical Analysis
Positive
505.25
Price Trends
555.36
Positive
486.64
Positive
420.59
Positive
Market Momentum
6.05
Positive
50.47
Neutral
32.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JGCHEM, the sentiment is Positive. The current price of 505.25 is below the 20-day moving average (MA) of 603.52, below the 50-day MA of 555.36, and above the 200-day MA of 420.59, indicating a neutral trend. The MACD of 6.05 indicates Positive momentum. The RSI at 50.47 is Neutral, neither overbought nor oversold. The STOCH value of 32.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JGCHEM.
JG Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹22.86B | 30.71 | ― | 0.18% | 23.99% | 16.40% | |
71 Outperform | ₹7.17B | 10.71 | ― | 0.61% | 2.37% | 10.38% | |
69 Neutral | ₹48.16B | 16.29 | ― | 2.86% | 5.78% | 8.12% | |
62 Neutral | ₹49.29B | 12.16 | ― | 0.38% | 62.64% | 17.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹22.94B | -805.04 | ― | 0.08% | 47.43% | ― | |
44 Neutral | ₹469.55M | -7.51 | ― | ― | ― | 13.48% |
* General Sector Average
IN:JGCHEM
JG Chemicals Limited
589.35
115.40
24.35%
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JG Chemicals Limited Corporate Events
J.G. Chemicals Publishes Q1 FY2026 Financial Results in Line with SEBI Norms
Aug 10, 2026
J.G. Chemicals Limited has announced that it has published its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 in line with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regula...
J.G. Chemicals Mourns Independent Director Ashok Bhandari, Plans Board Realignment
Aug 6, 2026
J.G. Chemicals Limited has announced the sudden demise of independent director Ashok Bhandari on 3 August 2026, who had served on the board since June 2022. The company highlighted his key role in guiding strategy and governance, describing his de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.