---
title: "Jyoti Poly Vinyl Ltd (531623) — Share Price, Financials & Analysis"
symbol: "531623"
company: "Jyoti Poly Vinyl Ltd"
canonical: "https://tapetide.com/stocks/531623"
bse_code: "531623"
generated_at: "2026-10-13T11:00:22.973Z"
---

# Jyoti Poly Vinyl Ltd (531623)

Canonical page: https://tapetide.com/stocks/531623

## Company

- **BSE Code:** 531623
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jyotipolyvinyl.com

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 60.9 to 46.7 days.
- Company's working capital requirements have reduced from 139 days to 92.8 days

### Weaknesses

- Company has a low return on equity of 2.80% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 118% | 69% | 6% |
| revenue growth | 33% | 19% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10 | 10 | 9 | 74 | 41 | 11 | 11 | 13 | 12 | 12 | 12 | 38 |
| Expenses | 23 | 64 | 83 | 156 | 60 | 73 | 202 | 360 | 280 | 222 | 35 | 53 |
| Operating Profit | -13 | -55 | -73 | -83 | -19 | -62 | -191 | -348 | -268 | -210 | -22 | -15 |
| OPM % | -129 | -572 | -781 | -112 | -46 | -585 | -1740 | -2775 | -2151 | -1697 | -180 | -40 |
| Other Income | 231 | 71 | 8 | 1 | -241 | 2 | 1 | 1 | 1 | 0 | 3 | 2 |
| Interest | 17 | 4 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 49 | 56 | 39 | 45 | 45 | 43 | 42 | 42 | 40 | 38 | 35 | 36 |
| Profit before tax | 152 | -44 | -107 | -129 | -306 | -104 | -234 | -390 | -308 | -249 | -55 | -51 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 152 | -44 | -107 | -129 | -306 | -104 | -234 | -390 | -308 | -249 | -55 | -51 |
| EPS in Rs | 13.42 | -3.88 | -9.42 | -11.35 | -26.92 | -9.17 | -20.57 | -34.34 | -27.13 | -21.9 | -4.84 | -4.46 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.32 | 7.01 | 8.08 | 8.53 | 8.09 | 8.56 | 10.14 | 13.53 |
| Expenses | 7.02 | 6.31 | 7.67 | 8.13 | 7.87 | 8.15 | 9.59 | 13 |
| Operating Profit | 0.3 | 0.7 | 0.41 | 0.4 | 0.22 | 0.41 | 0.55 | 0.53 |
| OPM % | 4.1 | 9.99 | 5.07 | 4.69 | 2.72 | 4.79 | 5.42 | 3.92 |
| Other Income | 0.56 | 0.49 | 0.74 | 0.59 | 0.45 | 0.15 | 0.15 | 0.4 |
| Interest | 0.71 | 0.85 | 0.78 | 0.71 | 0.38 | 0.27 | 0.37 | 0.36 |
| Depreciation | 0.18 | 0.17 | 0.19 | 0.19 | 0.19 | 0.17 | 0.14 | 0.17 |
| Profit before tax | -0.03 | 0.17 | 0.18 | 0.09 | 0.1 | 0.12 | 0.19 | 0.4 |
| Tax % | -100 | -5.88 | 0 | 33.33 | 30 | 50 | 52.63 | 37.5 |
| Net Profit | 0 | 0.18 | 0.18 | 0.06 | 0.07 | 0.06 | 0.09 | 0.24 |
| Dividend Payout % | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 |
| Reserves | -1.16 | -0.98 | -0.6 | -0.54 | -0.48 | -0.44 | -0.39 | -0.15 |
| Borrowings | 3.67 | 3.75 | 3.15 | 1.9 | 2.15 | 1.81 | 2.05 | 1.3 |
| Other Liabilities | 0.53 | 1.55 | 0.69 | 0.41 | 1.64 | 0.82 | 1.97 | 1.5 |
| Total Liabilities | 8.42 | 9.7 | 8.62 | 7.15 | 8.69 | 7.57 | 9.01 | 8.03 |
| Fixed Assets | 1.73 | 1.85 | 1.52 | 1.42 | 1.57 | 1.63 | 2.29 | 2.4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 6.69 | 7.85 | 7.1 | 5.73 | 7.12 | 5.94 | 6.72 | 5.63 |
| Total Assets | 8.42 | 9.7 | 8.62 | 7.15 | 8.69 | 7.57 | 9.01 | 8.03 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -0.12 | 1.01 | 0.33 | 0.55 | 0.4 | 0.96 |
| Cash from Investing Activity | — | — | 0.33 | -0.08 | -0.35 | -0.26 | -0.78 | -0.23 |
| Cash from Financing Activity | — | — | -0.18 | -1.25 | 0.29 | -0.34 | 0.24 | -0.75 |
| Net Cash Flow | — | — | 0.03 | -0.32 | 0.27 | -0.06 | -0.14 | -0.02 |
| Free Cash Flow | — | — | -0.15 | 0.92 | -0.01 | 0.28 | -0.4 | 0.69 |
| CFO/OP | — | — | -24 | 262 | 177 | 159 | 87 | 208 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96.73 | 149.96 | 128.74 | 65.04 | 93.84 | 67.37 | 68.75 | 46.67 |
| Inventory Days | 108.55 | 156.76 | 115.85 | 146.9 | 143.83 | 134.96 | 131.24 | 69.41 |
| Days Payable | 18.32 | 101.43 | 29.11 | 11.3 | 71.42 | 41.53 | 95.58 | 49.32 |
| Cash Conversion Cycle | 186.97 | 205.28 | 215.48 | 200.64 | 166.25 | 160.81 | 104.41 | 66.75 |
| Working Capital Days | 210.92 | 241.08 | 247.55 | 199.4 | 204.83 | 178.66 | 145.06 | 92.8 |
| ROCE % | — | 12.72 | — | 10.91 | 6.38 | 5.8 | 8.85 | 11.2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51% | 51% | 51% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% |
| FIIs | 2.84% | 5.23% | 1.47% | 0.19% | 0.24% | 0.18% | 0.22% | 0.21% | 0.01% | 0.01% |
| DIIs | 10.33% | 11.54% | 5.89% | 28.17% | 28.15% | 26.08% | 28.15% | 28.15% | 28.15% | 28.15% |
| Public | 35.83% | 32.23% | 41.64% | 46.65% | 46.62% | 48.75% | 46.64% | 46.65% | 46.84% | 46.84% |
| No. of Shareholders | 111373 | 93916 | 142990 | 152769 | 157335 | 168032 | 162148 | 151525 | 148834 | 148813 |

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% |
| FIIs | 0.21% | 0.22% | 0.22% | 0.2% | 0.21% | 0.21% | 0.21% | 0.21% | 0.01% | 0.01% | 0.01% | 0.01% |
| DIIs | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% |
| Public | 46.64% | 46.63% | 46.64% | 46.66% | 46.66% | 46.65% | 46.65% | 46.63% | 46.84% | 46.84% | 46.84% | 46.84% |
| No. of Shareholders | 166505 | 164370 | 162148 | 159212 | 155919 | 153759 | 151525 | 149299 | 148129 | 148856 | 148834 | 148813 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-05 | [Public Announcement For E-Auction](https://www.bseindia.com/xml-data/corpfiling/AttachLive/19dae1e8-cfb8-4334-82ac-0dd8c0845c49.pdf) |
| 2026-02-11 | [Intimation Regarding Agreement To Sale The Asset](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4162776-6daf-47bf-a690-3c56c9dc389b.pdf) |
| 2026-01-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d96158f2-c166-48d3-afdc-9d2cc20e7aa3.pdf) |
| 2025-09-02 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64419ebe-7ed3-410f-852b-d50086efd4a7.pdf) |
| 2025-09-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3605c474-d247-4261-8487-3cf67a2224a4.pdf) |
| 2025-08-27 | [Announcement Regarding Execution Of Deed Of Assignment](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dad82162-9dc7-4426-85ef-ea606bf72f24.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170316.pdf) |
| Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170315.pdf) |
| Mar 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170314.pdf) |
| Mar 2013 | [Financial Year 2013](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170313.pdf) |
| Mar 2012 | [Financial Year 2012](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170312.pdf) |
| 2012 | [Financial Year 2012](https://archives.nseindia.com/annual_reports/AR_JETAIRWAYS_2011_2012_31122012051717.zip) |
| Mar 2011 | [Financial Year 2011](https://www.bseindia.com/bseplus/AnnualReport/532617/5326170311.pdf) |
| 2011 | [Financial Year 2011](https://archives.nseindia.com/annual_reports/AR_JETAIRWAYS_2010_2011_09092011050405.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/d48388b0-5d00-4b9c-b755-e932dbd08e04.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-03-06 | Credit rating update — ICRA |
| 2025-03-07 | Credit rating update — ICRA |
| 2023-03-20 | Credit rating update — ICRA |
| 2022-03-23 | Credit rating update — ICRA |
| 2021-06-11 | Credit rating update — CRISIL |
| 2021-05-25 | Credit rating update — CRISIL |
| 2021-03-29 | Credit rating update — ICRA |
| 2021-03-29 | Credit rating update — ICRA |
| 2020-02-27 | Credit rating update — CRISIL |
| 2020-02-13 | Credit rating update — ICRA |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:22.973Z.