Shares of Jyoti Resins & Adhesives, a Gujarat-based manufacturer of synthetic resin adhesives, have rallied more than 4,500% in the last 5 years. With several ups and downs during the past 15 years, Jyoti Resins share price has soared 1,26,192% to Rs 1,124 on March 21, 2023 from Rs 0.89 in March 2008.
The over 1,00,000% rise in Jyoti Resins share price indicates that an investment of Rs 10,000 in 2008 would have grown to around Rs 1.25 crore at present. Consistent growth in earnings and a solid balance sheet have worked in favour of the debt-free company in the domestic equity market, according to data.
Data shows that gross sales of Jyoti Resins have grown at a compounded annual growth rate of more than 35% to Rs 181.96 crore in FY22 compared to Rs 2.04 crore in FY08. Net profit has grown more than 50% to Rs 19.76 crore from Rs 0.05 crore during the same period.
For the nine-month ended December 2022, Jyoti Resins reported 57.58% YoY growth in gross sales at Rs 196.18 crore, while the company's net profit jumped 133.86% to Rs 30.04 crore.
Over the last 7 years, Jyoti Resins has grown at a CAGR of 38%, 73% and 115% on revenue, EBITDA and PAT, respectively. “We are targeting over 25-30% CAGR for revenues over the next 3-4 years," the company said in an investor presentation.
Promoters held a 50.82% stake in the company as of December 2022, while the public had a 49.18% stake. The company has been maintaining a return on equity (RoE) and return on capital employed (RoCE) of over 50% and 70% respectively since FY20.
The company has a presence in 13 states and operates through 50 distributors for smaller cities and 28 branches for bigger cities. It is selling to 10,000 active retailers and working with 3 lakh carpenters, 300 sales executives and business development executives.
Relaxo Footwears stock has gained over 38,000% in the last 15 years, while Safari Industries' share price has surged more than 35,000%. Shares of Symphony, Vinati Organics, Tasty Bite Eatables have rallied up to 28,840%.
Astral share price has jumped 20,000% in 15 years, while Poly Medicure, Ajanta Pharma, Arman Financial Services, Bajaj Finance, Avanti Feeds, Stylam Industries and Deepak Nitrite shares have surged up to 18,000% during the same period.
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position.