5
Jolly Board
502335 BSE
Jolly Board
Commodities BSE: 502335 Paper, Forest & Jute Products
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.3%
- Company's working capital requirements have reduced from 48.6 days to 34.7 days
Weaknesses
3- The company has delivered a poor sales growth of -4.98% over past five years.
- Company has a low return on equity of 10.1% over last 3 years.
- Earnings include an other income of Rs.44.2 Cr.
Growth Rate
Revenue Growth
-15% lower than
3Y
Net Income Growth
-25% lower than
3Y
Quarterly Results
| Particulars | Mar 2013 | Jun 2013 |
|---|---|---|
| Sales | 24.75 | 19.57 |
| Expenses | 20.66 | 15.56 |
| Operating Profit | 4.09 | 4.01 |
| OPM % | 16.53% | 20.49% |
| Other Income | 0.7 | 1.04 |
| Interest | 0.36 | 0.45 |
| Depreciation | 1.14 | 1.11 |
| PBT | 3.29 | 3.49 |
| Tax % | 46.5% | 21.78% |
| Net Profit | 1.76 | 2.73 |
| EPS in Rs | 3.87 | 6 |
Profit & Loss
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 118 | 134 | 61 | 68 | 81 | 82 | 82 | 87 | 80 | 91 | 75 | 63 |
| Expenses | 49 | 55 | 53 | 60 | 70 | 68 | 71 | 73 | 101 | 102 | 76 | 74 |
| Operating Profit | 70 | 79 | 8 | 8 | 11 | 15 | 11 | 14 | -21 | -11 | -1 | -11 |
| OPM % | 59% | 59% | 13% | 11% | 14% | 18% | 13% | 16% | -26% | -12% | -1.5% | -17% |
| Other Income | 2 | 4 | 30 | 7 | 20 | 6 | 7 | 21 | 75 | 61 | 27 | 44 |
| Interest | 1 | 1 | 0 | 1 | 1 | 2 | 3 | 3 | 1 | 1 | 1 | 0 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 4 | 4 |
| PBT | 67 | 79 | 34 | 10 | 26 | 13 | 10 | 28 | 50 | 46 | 22 | 29 |
| Tax % | 24% | 35% | 28% | 21% | 28% | 27% | 33% | 33% | 28% | 34% | 17% | 23% |
| Net Profit | 51 | 51 | 25 | 8 | 19 | 10 | 7 | 18 | 36 | 30 | 18 | 23 |
| EPS in Rs | 112 | 113 | 54.02 | 17.73 | 40.89 | 20.89 | 14.78 | 40.53 | 79.27 | 67.08 | 39.81 | 49.86 |
| Div. Payout % | 9% | 12% | 28% | 56% | 29% | 67% | 68% | 25% | 23% | 28% | 30% | 30% |
Balance Sheet
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 64 | 108 | 124 | 127 | 139 | 141 | 142 | 155 | 181 | 201 | 213 | 227 |
| Borrowings | 7 | 7 | 6 | 6 | 13 | 13 | 20 | 16 | 7 | 4 | 0 | 0 |
| Other Liabilities | 101 | 83 | 77 | 65 | 67 | 73 | 59 | 59 | 79 | 95 | 90 | 94 |
| Total Liabilities | 177 | 202 | 212 | 202 | 223 | 231 | 226 | 234 | 272 | 304 | 308 | 326 |
| Fixed Assets | 42 | 68 | 61 | 67 | 75 | 153 | 168 | 169 | 168 | 176 | 171 | 171 |
| CWIP | 37 | 12 | 7 | 80 | 109 | 30 | 25 | 24 | 11 | 10 | 22 | 36 |
| Investments | 5 | 13 | 28 | 17 | 8 | 0 | 0 | 0 | 16 | 30 | 29 | 34 |
| Other Assets | 93 | 110 | 117 | 38 | 32 | 48 | 33 | 42 | 76 | 88 | 86 | 85 |
| Total Assets | 177 | 202 | 212 | 202 | 223 | 231 | 226 | 234 | 272 | 304 | 308 | 326 |
Cash Flow
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -11 | -46 | — | — | — | — | — | — | — | — | — | — |
| Investing | 30 | 69 | — | — | — | — | — | — | — | — | — | — |
| Financing | -21 | -5 | — | — | — | — | — | — | — | — | — | — |
| Net Cash Flow | -2 | 17 | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -18 | 18 | — | — | — | — | — | — | — | — | — | — |
| CFO/OP | 16 | -41 | — | — | — | — | — | — | — | — | — | — |
Ratios
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 7 | 22 | 15 | 20 | 19 | 23 | 28 | 23 | 24 | 22 | 31 |
| Inventory Days | 217 | 229 | 250 | 225 | 190 | 250 | 244 | 217 | 222 | 212 | 273 | 217 |
| Days Payable | 181 | 110 | 110 | 135 | 98 | 153 | 154 | 130 | 146 | 142 | 124 | 133 |
| Cash Conversion Cycle | 59 | 125 | 162 | 105 | 112 | 117 | 113 | 115 | 99 | 94 | 172 | 116 |
| Working Capital Days | -156 | -62 | 1 | -104 | -114 | -63 | -34 | 30 | 79 | 75 | 36 | 35 |
| ROCE % | 135% | 82% | 27% | 8% | 18% | 10% | 16% | 19% | 14% | 16% | 15% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Jolly Board insights
58 extracted metrics + investor summaries across FY09–FY20.
Documents
1
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
2 Mar - NICO INDIA converted warrants; allotted 960,000 shares at Rs25 on 02-03-2026; promoter stake 22.72%. 2 Mar - NICO INDIA converted warrants; allotted 960,000 shares at Rs25 on 02-03-2026; promoter stake 22.72%.
2
Intimation/Disclosures Under SEBI (Prohibition Of Insider Trading) Regulations, 2015
2 Mar - Allotment of 960,000 shares at Rs25 each to promoter NICO INDIA on 27-02-2026 (conversion of warrants). 2 Mar - Allotment of 960,000 shares at Rs25 each to promoter NICO INDIA on 27-02-2026 (conversion of warrants).
3
Announcement under Regulation 30 (LODR)-Allotment
27 Feb - 27-Feb-2026: Conversion of 3,162,500 warrants; 3,162,500 shares allotted; Rs.59,296,875 received. 27 Feb - 27-Feb-2026: Conversion of 3,162,500 warrants; 3,162,500 shares allotted; Rs.59,296,875 received.
4
Board Meeting Outcome for Outcome For The Board Meeting Held On 27-02-2026 At 6:00 PM And Concluded At 6:45 PM
Regulation 30 Of SEBI (LODR) Regulations, 2015
27 Feb - On 27-02-2026, 31,62,500 warrants converted; ₹5,92,96,875 received; issued capital increases to 3,02,17,400 shares. 27 Feb - On 27-02-2026, 31,62,500 warrants converted; ₹5,92,96,875 received; issued capital increases to 3,02,17,400 shares.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Feb - Submission of Newspaper Publication regarding Special Window 20 Feb - Submission of Newspaper Publication regarding Special Window
Frequently Asked Questions about Jolly Board
What does Jolly Board Ltd do?
Jolly Board is Indias largest construction board manufacturer and exporter. The company produces a wide range of Softboards that strive to meet Indias industrial and domestic requirements.(Source : Company web-site)
Where is Jolly Board Ltd (502335) listed?
Jolly Board Ltd trades under code 502335 on the BSE.
Which sector does Jolly Board Ltd belong to?
Jolly Board Ltd is classified under the Commodities sector, in the Paper, Forest & Jute Products industry.
Company Information
Jolly Board is Indias largest construction board manufacturer and exporter. The company produces a wide range of Softboards that strive to meet Indias industrial and domestic requirements.(Source : Company web-site)
Website jollyboard.com
Face Value ₹ 10
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