Any current/future new fundraising through debt or equity?

The company plans to fund its capacity expansion using internal cash accruals and possibly debt. No external debt is currently needed as they have substantial cash and cash equivalents (~₹137 crores). Expansion through Brownfield or Greenfield projects will be financed internally without reliance on new external debt. There is no mention or indication of any equity fundraising in the discussed call. The focus is on utilizing available cash and prudent use of debt for growth.

Any current/future capex/capital investment/strategic investment?

Jyoti Resins plans a Brownfield expansion with an investment of ₹5 to ₹10 crore within the next six months to double current plant capacity, enabling revenue potential of around ₹400 to ₹500 crore. Environment clearance for Brownfield expansion is expected within two months, with capacity ready for commercial production by June-July 2025. A Greenfield project is planned with an investment of ₹40 to ₹45 crore, including land, building, machinery, and packing, aiming at ₹1,200 crore revenue; expected operational readiness by 2027-28. Expansion will be funded through internal cash accruals and no

Future growth expectations in sales/revenue/volumes?

Targeting revenue of ₹375 crore to ₹400 crore in FY '26. Aiming for 15% to 20% volume growth in the current year despite softer Q2. Expecting to sustain 20% to 25% volume growth over the next few years. Plan to double revenue to ₹500 crore by around FY '27-'28 with capacity expansion. Capacity to nearly double through Brownfield expansion within six months to support ₹500 crore top line. Long-term EBITDA margin guidance is 22% to 25%. Planning to invest 3% to 4% in sales promotion discounts and another 3% to 4% in branding and advertising gradually from Q3 FY25 onwards. Focus on

Future growth expectations in earnings/operating earnings/profits/EPS?

Jyoti Resins targets revenue of ₹375-₹400 crore for FY26, indicating growth from current levels. The company is optimistic about achieving 15-20% volume growth in FY25 and aims around 20-25% volume growth longer term. Operating profit margins are expected to stabilize around 28-30% by the end of FY25. Management guides for an EBITDA margin range of 22-25% over the longer term. Expansion plans through Brownfield capacity enhancement are expected to nearly double capacity, enabling revenues to reach ₹500 crore by 2027. No external debt is planned for expansion; growth will be funded th

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or pending orders in specific numbers. However, it is noted that in Q2, demand was slow but market conditions are improving with bullish outlook for Q3 and Q4. Repeat orders from dealers, especially in newer territories like UP, Punjab, Varanasi, Jhansi, and Lucknow, are increasing, indicating good response and growing order inflow. The company focuses on tertiary distribution and has strong efforts in recruitment and training to sustain quality and service, helping in repeat business. Expansion plans include doublin

Jyoti Resins and Adhesives LtdQ2 FY25Chemicals & Petrochemicals

Jyoti Resins and Adhesives Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹863.75P/E: 16.1Market Cap: ₹1.0K CrSector: Chemicals & Petrochemicals

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Order

N/A

Capex

Yes

1 of 4 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

Targeting revenue of ₹375 crore to ₹400 crore in FY '26.
Aiming for 15% to 20% volume growth in the current year despite softer Q2.
Expecting to sustain 20% to 25% volume growth over the next few years.
Plan to double revenue to ₹500 crore by around FY '27-'28 with capacity expansion.
Capacity to nearly double through Brownfield expansion within six months to support ₹500 crore top line.
Long-term EBITDA margin guidance is 22% to 25%.
Planning to invest 3% to 4% in sales promotion discounts and another 3% to 4% in branding and advertising gradually from Q3 FY25 onwards.
Focus on expanding distribution network and increasing sales and marketing team strength to support growth.

Margin guidance

Category 3

Jyoti Resins targets revenue of ₹375-₹400 crore for FY26, indicating growth from current levels.
The company is optimistic about achieving 15-20% volume growth in FY25 and aims around 20-25% volume growth longer term.
Operating profit margins are expected to stabilize around 28-30% by the end of FY25.
Management guides for an EBITDA margin range of 22-25% over the longer term.
Expansion plans through Brownfield capacity enhancement are expected to nearly double capacity, enabling revenues to reach ₹500 crore by 2027.
No external debt is planned for expansion; growth will be funded through internal accruals.
Profitability is expected to improve due to increased premium product mix and efficient cost management.
EBITDA margins currently strong (around 29-30%) are expected to sustain through the current year.

See what Jyoti Resins and Adhesives Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

The company plans to fund its capacity expansion using internal cash accruals and possibly debt.
No external debt is currently needed as they have substantial cash and cash equivalents (~₹137 crores).
Expansion through Brownfield or Greenfield projects will be financed internally without reliance on new external debt.
There is no mention or indication of any equity fundraising in the discussed call.
The focus is on utilizing available cash and prudent use of debt for growth.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders in specific numbers.
However, it is noted that in Q2, demand was slow but market conditions are improving with bullish outlook for Q3 and Q4.
Repeat orders from dealers, especially in newer territories like UP, Punjab, Varanasi, Jhansi, and Lucknow, are increasing, indicating good response and growing order inflow.
The company focuses on tertiary distribution and has strong efforts in recruitment and training to sustain quality and service, helping in repeat business.
Expansion plans include doubling capacity in the next six months, positioning the company to handle higher order volumes, targeting ₹375-400 crore revenue in FY '26.
Overall, demand and order inflow seem to be improving but exact order book status is not specified.

See what Jyoti Resins and Adhesives Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Jyoti Resins plans a Brownfield expansion with an investment of ₹5 to ₹10 crore within the next six months to double current plant capacity, enabling revenue potential of around ₹400 to ₹500 crore.
Environment clearance for Brownfield expansion is expected within two months, with capacity ready for commercial production by June-July 2025.
A Greenfield project is planned with an investment of ₹40 to ₹45 crore, including land, building, machinery, and packing, aiming at ₹1,200 crore revenue; expected operational readiness by 2027-28.
Expansion will be funded through internal cash accruals and not through external debt, supported by ₹137 crore cash and equivalents on hand.
Additional storage capacity near the factory is planned on a lease basis to support increased production.
Recruitment and strengthening sales and marketing teams are ongoing to support growth and distribution expansion.

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