---
title: "Jubilant Industries Ltd(Merged) (JUBLINDS) — Share Price, Financials & Analysis"
symbol: "JUBLINDS"
company: "Jubilant Industries Ltd(Merged)"
canonical: "https://tapetide.com/stocks/JUBLINDS"
isin: "INE645L01011"
nse_symbol: "JUBLINDS"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T19:32:13.871Z"
---

# Jubilant Industries Ltd(Merged) (JUBLINDS)

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

## Company

- **NSE Symbol:** JUBLINDS
- **ISIN:** INE645L01011
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Listed Since:** 2011-02-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jubilantindustries.com

## About

Jubilant Industries Limited is engaged in the business of Manufacturing Agri Products and Performance Polymers through its wholly owned subsidiary Jubilant Agri and Consumer Products Limited (JACPL). [1]

## Latest Price

- **Price:** ₹1633.5
- **Change:** 0 (0%)
- **Open:** ₹1725
- **Day High:** ₹1725
- **Day Low:** ₹1624.35
- **Previous Close:** ₹1633.5
- **Volume:** 0
- **As Of:** 2024-10-25T10:11:59+00:00

## Key Insights

### Strengths

- Company has delivered good profit growth of 80.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%

### Weaknesses

- Stock is trading at 10.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 35% | 96% | 81% |
| revenue growth | -14% | 26% | 18% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 328 | 298 | 329 | 355 | 427 | 348 | 343 | 349 | 312 | 293 | 300 | 358 |
| Expenses | 284 | 283 | 322 | 321 | 397 | 328 | 323 | 313 | 289 | 266 | 278 | 316 |
| Operating Profit | 43 | 15 | 7 | 34 | 29 | 20 | 20 | 36 | 23 | 27 | 22 | 42 |
| OPM % | 13 | 4.9 | 2.3 | 10 | 7 | 6 | 6 | 10 | 7 | 9 | 7 | 12 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 10 | 0 | 0 | -46 | 13 | 1 |
| Interest | 4 | 4 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 4 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 36 | 8 | 2 | 28 | 20 | 12 | 22 | 27 | 14 | -28 | 27 | 35 |
| Tax % | 21 | 35 | 189 | 21 | 30 | 40 | 13 | 23 | 41 | -18 | 18 | 26 |
| Net Profit | 28 | 5 | -1 | 22 | 14 | 7 | 19 | 21 | 9 | -23 | 22 | 26 |
| EPS in Rs | 18.9 | 3.45 | -0.92 | 14.59 | 9.46 | 4.66 | 12.44 | 13.6 | 5.68 | -15.22 | 14.58 | 17.1 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 601 | 504 | 452 | 555 | 540 | 615 | 1159 | 1462 | 1244 | 1263 |
| Expenses | 568 | 466 | 422 | 519 | 491 | 564 | 1058 | 1357 | 1134 | 1148 |
| Operating Profit | 33 | 37 | 30 | 36 | 49 | 51 | 100 | 105 | 110 | 114 |
| OPM % | 5 | 7 | 7 | 6 | 9 | 8 | 9 | 7 | 9 | 9 |
| Other Income | -73 | 3 | 1 | 1 | 1 | 3 | 0 | 12 | -33 | -33 |
| Interest | 43 | 31 | 27 | 25 | 22 | 17 | 15 | 21 | 21 | 18 |
| Depreciation | 18 | 9 | 9 | 9 | 11 | 13 | 13 | 14 | 15 | 15 |
| Profit before tax | -101 | 0 | -5 | 2 | 17 | 25 | 72 | 82 | 40 | 48 |
| Tax % | -91 | 2138 | 3 | 246 | 1 | 137 | 26 | 24 | 29 | — |
| Net Profit | -9 | -2 | -5 | -3 | 17 | -9 | 54 | 62 | 28 | 33 |
| EPS in Rs | -7.95 | -1.5 | -3.98 | -2.2 | 11.45 | -6.2 | 35.73 | 41.15 | 18.64 | 22.14 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 12 | 12 | 14 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 41 | 32 | 30 | 26 | 50 | 79 | 70 | 125 | 188 | 219 |
| Borrowings | 356 | 274 | 263 | 262 | 199 | 180 | 145 | 151 | 192 | 162 |
| Other Liabilities | 207 | 120 | 124 | 122 | 142 | 156 | 200 | 393 | 286 | 348 |
| Total Liabilities | 615 | 438 | 428 | 422 | 405 | 431 | 430 | 684 | 681 | 744 |
| Fixed Assets | 285 | 125 | 133 | 126 | 125 | 141 | 140 | 153 | 170 | 171 |
| CWIP | 5 | 7 | 3 | 6 | 5 | 9 | 0 | 0 | 5 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 325 | 306 | 293 | 290 | 276 | 281 | 290 | 530 | 507 | 568 |
| Total Assets | 615 | 438 | 428 | 422 | 405 | 431 | 430 | 684 | 681 | 744 |

### Cash Flow

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -16 | 51 | 47 | 42 | 64 | 47 | 62 | 30 | 14 | 76 |
| Cash from Investing Activity | -22 | 68 | -13 | -6 | -6 | -19 | 3 | -21 | -19 | -19 |
| Cash from Financing Activity | 37 | -118 | -36 | -32 | -61 | -30 | -61 | -9 | 2 | -47 |
| Net Cash Flow | -2 | 1 | -3 | 4 | -3 | -1 | 4 | 0 | -2 | 10 |
| Free Cash Flow | -38 | 42 | 33 | 36 | 57 | 28 | 55 | 7 | -4 | 57 |
| CFO/OP | 65 | 155 | 100 | 136 | 177 | 96 | 121 | 30 | 14 | 74 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 60 | 84 | 78 | 65 | 63 | 63 | 62 | 64 | 72 |
| Inventory Days | 74 | 65 | 89 | 112 | 75 | 92 | 102 | 120 | 72 | 121 |
| Days Payable | 66 | 56 | 97 | 108 | 98 | 104 | 126 | 141 | 67 | 97 |
| Cash Conversion Cycle | 53 | 68 | 76 | 82 | 42 | 51 | 38 | 41 | 69 | 96 |
| Working Capital Days | -42 | -4 | -34 | -15 | -7 | -14 | -17 | 6 | 17 | 25 |
| ROCE % | -12 | 5 | 10 | 7 | 10 | 15 | 17 | 34 | 27 | 24 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.54% | 68.45% | 72.58% | 74.96% | 74.96% | 74.96% | 74.78% | 74.77% | 74.77% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.47% | 0.01% | 0.53% | 0.31% |
| DIIs | 0.09% | 0.08% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Government | 0% | 0% | 0.45% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 31.37% | 31.48% | 26.94% | 25.02% | 25.02% | 24.55% | 25.2% | 24.69% | 24.89% |
| No. of Shareholders | 18696 | 18651 | 17425 | 16658 | 18696 | 24249 | 23544 | 20005 | 19835 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.96% | 74.96% | 74.96% | 74.78% | 74.77% | 74.77% | 74.78% | 74.77% | 74.77% | 74.77% | 74.77% | 74.77% |
| FIIs | 0.01% | 0.16% | 0.47% | 0.36% | 0.01% | 0% | 0.01% | 0% | 0.08% | 0.14% | 0.53% | 0.31% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.04% | 0.02% | 0.02% | 0.02% |
| Public | 25.01% | 24.87% | 24.55% | 24.85% | 25.19% | 25.2% | 25.2% | 25.2% | 25.11% | 25.07% | 24.69% | 24.89% |
| No. of Shareholders | 22597 | 21593 | 24249 | 24726 | 24279 | 23828 | 23544 | 23310 | 21681 | 21609 | 20005 | 19835 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 3 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 49.37 | Buy |
| EMA (10) | 49.16 | Buy |
| SMA (20) | 40.67 | Buy |
| EMA (20) | 43.67 | Buy |
| SMA (50) | 34.25 | Buy |
| EMA (50) | 36.64 | Buy |
| SMA (100) | 30.78 | Buy |
| EMA (100) | 35.18 | Buy |
| SMA (200) | 27.35 | Buy |
| EMA (200) | 103.11 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 72.36 | Sell |
| MACD (12,26,9) | 6.34 | Buy |
| Stochastic (14,3,3) | 88.42 | Sell |
| ADX (14) | 45.88 | Buy |
| Williams %R (14) | -23.46 | Neutral |
| ATR (14) | 2.26 | High Volatility |
| ROC (12) | 46.91 | Buy |
| Stoch RSI (14) | 23.09 | Neutral |
| UO (7,14,28) | 76.4 | Sell |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=675eff1e-3261-42cf-ad42-675fbdd5fe73.pdf) |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/675eff1e-3261-42cf-ad42-675fbdd5fe73.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4c411e4-a483-4182-8cc0-402e737a8725.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4c411e4-a483-4182-8cc0-402e737a8725.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c345921-010b-4c28-842f-3e0c8efe5c13.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c345921-010b-4c28-842f-3e0c8efe5c13.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a2e2d03-4425-4a58-97d0-a8ee64b7fde5.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a2e2d03-4425-4a58-97d0-a8ee64b7fde5.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6c9cf45-7310-489f-a36b-23cebe52579d.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6c9cf45-7310-489f-a36b-23cebe52579d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_830_JUBLINDS_2012_2013_30072013174315.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15658d75-d1e7-444a-aea4-74615bc29f10.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed7767a6-4779-4b75-bae1-f6f5b30a9148.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/75147533320.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/70575533320.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/66916533320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200316.pdf) |

---

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 2026-09-13T19:32:13.871Z.