Stock Performance and Market Context
On 13 Feb 2026, Jyoti Resins and Adhesives Ltd’s share price declined by 3.53%, closing near its intraday low of Rs.904, which represents the lowest level in the past year. This marks a continuation of a four-day losing streak during which the stock has fallen by 13.51%. The stock’s performance today lagged behind the Specialty Chemicals sector by 1.39%, highlighting relative weakness within its industry group.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical setup. This contrasts with the broader market, where the Sensex opened lower at 82,902.73 points, down 0.92%, and was trading at 82,932.42 points (-0.89%) during the session. The Sensex remains within 3.89% of its 52-week high of 86,159.02, indicating a more resilient benchmark despite recent volatility.
Over the past year, Jyoti Resins and Adhesives Ltd has delivered a total return of -31.69%, significantly underperforming the Sensex’s positive 8.92% return. The stock’s 52-week high was Rs.1,570, underscoring the magnitude of the recent decline.
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Financial Performance and Valuation Metrics
The company reported negative quarterly results for the period ending December 2025. Profit After Tax (PAT) stood at Rs.15.37 crores, reflecting a decline of 16.2% compared to the average of the previous four quarters. Operating profit before depreciation, interest, and taxes (PBDIT) was at a low of Rs.18.87 crores, while the operating profit to net sales ratio dropped to 26.10%, the lowest in recent quarters.
Despite a return on equity (ROE) of 27.5%, the stock’s valuation appears expensive with a price-to-book value ratio of 4.5. However, it is currently trading at a discount relative to its peers’ average historical valuations. Over the last year, profits have decreased by 4.4%, compounding the pressure on the stock price.
Jyoti Resins and Adhesives Ltd has a low average debt-to-equity ratio of zero, indicating a debt-free balance sheet. This financial conservatism has not translated into positive market performance, as the stock has consistently underperformed the BSE500 index over the past three years, including a -31.64% return in the last 12 months.
Domestic mutual funds hold no stake in the company, which may reflect a cautious stance given the current valuation and earnings trajectory. The absence of institutional backing is notable given the company’s size and sector presence.
Industry and Sector Comparison
Operating within the Specialty Chemicals sector, Jyoti Resins and Adhesives Ltd faces competitive pressures and market dynamics that have influenced its recent performance. The sector itself has shown mixed results, with the broader market indices maintaining proximity to their highs, while this stock has diverged sharply downward.
While the company’s operating profit has grown at an annualised rate of 57.36% over the longer term, recent quarterly results have not reflected this trend, indicating a period of subdued profitability. This divergence between long-term growth and short-term earnings contraction has contributed to the stock’s current valuation challenges.
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Technical and Market Sentiment Indicators
The stock’s current position below all major moving averages signals a bearish momentum. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all lie above the current price level, indicating sustained selling pressure. This technical setup aligns with the stock’s recent four-day consecutive decline and the 13.51% loss over this period.
In contrast, the Sensex’s 50-day moving average remains above its 200-day moving average, suggesting a more stable medium-term trend for the broader market. Jyoti Resins and Adhesives Ltd’s divergence from this pattern highlights its relative weakness within the market environment.
The company’s Mojo Score stands at 23.0, with a Mojo Grade of Strong Sell as of 13 Aug 2025, upgraded from a previous Sell rating. The Market Cap Grade is 4, reflecting its size and market capitalisation metrics.
Summary of Key Metrics
To summarise, Jyoti Resins and Adhesives Ltd’s stock has reached a 52-week low of Rs.904, down from a high of Rs.1,570 in the past year. The stock has underperformed the Sensex by over 40 percentage points in the last 12 months. Quarterly earnings have declined, with PAT falling by 16.2% and operating profit margins contracting to 26.10%. Valuation remains elevated with a price-to-book ratio of 4.5 despite the recent price decline. The company maintains a debt-free balance sheet but lacks institutional investment support.
These factors collectively contribute to the stock’s current market position and reflect the challenges faced by Jyoti Resins and Adhesives Ltd in maintaining investor confidence and market valuation.
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