Stock Price Movement and Market Context
On 20 Feb 2026, Jyoti Resins and Adhesives Ltd recorded an intraday low of Rs.806, down 2.1% from its previous close, while also touching an intraday high of Rs.843, representing a 2.4% gain during the session. Despite this volatility, the stock remains below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish trend.
Notably, the stock outperformed its sector by 1.98% on the day, and reversed a three-day consecutive decline with a modest gain. However, this short-term recovery has not altered the broader downtrend that has seen the stock fall by 33.42% over the past year, in stark contrast to the Sensex’s 9.44% gain during the same period.
The benchmark Sensex itself experienced a sharp rebound today, recovering 615.94 points after an initial negative opening, and currently trades at 82,888.43, just 3.95% below its 52-week high of 86,159.02. Mega-cap stocks led this recovery, while the Sensex remains below its 50-day moving average, though the 50DMA is positioned above the 200DMA, indicating mixed technical signals for the broader market.
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Financial Performance and Valuation Metrics
Jyoti Resins and Adhesives Ltd’s recent quarterly results have contributed to the subdued market sentiment. The company reported a Profit After Tax (PAT) of Rs.15.37 crores, reflecting a decline of 16.2% compared to the previous four-quarter average. Operating profit (PBDIT) also reached a low of Rs.18.87 crores, with the operating profit to net sales ratio dropping to 26.10%, the lowest recorded in recent quarters.
Despite these declines, the company maintains a robust Return on Equity (ROE) of 27.5%, which, combined with a Price to Book Value (P/BV) of 3.9, suggests a relatively expensive valuation. However, the stock currently trades at a discount relative to its peers’ historical averages, indicating some valuation adjustment in the market.
Over the past year, the company’s profits have decreased by 4.4%, further weighing on investor confidence. The stock’s Mojo Score stands at 23.0, with a Mojo Grade of Strong Sell, an upgrade from the previous Sell rating issued on 13 Aug 2025. The Market Cap Grade remains low at 4, reflecting limited market capitalisation strength.
Domestic mutual funds hold no stake in Jyoti Resins and Adhesives Ltd, a notable factor given their capacity for detailed research and due diligence. This absence of institutional ownership may reflect reservations about the company’s current valuation or business prospects.
Sector and Benchmark Comparison
Jyoti Resins and Adhesives Ltd operates within the Specialty Chemicals sector, which has seen mixed performance in recent months. The stock’s 33.42% decline over the last year contrasts sharply with the Sensex’s positive 9.44% return, underscoring the company’s relative underperformance. Furthermore, the stock has consistently lagged behind the BSE500 index over the past three years, highlighting a persistent trend of underwhelming returns.
While the company’s debt-to-equity ratio remains low, averaging zero, indicating a conservative capital structure, this has not translated into improved market performance. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 57.36%, yet this growth has not been sufficient to offset recent profit declines and valuation pressures.
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Technical and Market Sentiment Indicators
The stock’s position below all major moving averages signals a lack of upward momentum in the near term. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all remain above the current price level, indicating persistent selling pressure. The recent three-day consecutive decline, followed by a modest gain, suggests some short-term volatility but no clear reversal in trend.
In comparison, the Sensex’s technical indicators present a more mixed picture, with the 50-day moving average above the 200-day average, a classic bullish signal, though the index itself trades below the 50-day average. This divergence highlights the stock’s relative weakness within the broader market context.
Overall, Jyoti Resins and Adhesives Ltd’s share price performance reflects a combination of subdued earnings, valuation concerns, and limited institutional interest, contributing to its current 52-week low of Rs.806.
Summary of Key Metrics
To summarise, Jyoti Resins and Adhesives Ltd’s key financial and market metrics as of 20 Feb 2026 are:
- 52-week low price: Rs.806
- 52-week high price: Rs.1,570
- One-year stock return: -33.42%
- Sensex one-year return: +9.44%
- Quarterly PAT: Rs.15.37 crores, down 16.2%
- Quarterly PBDIT: Rs.18.87 crores, lowest recorded
- Operating profit to net sales ratio: 26.10%
- Return on Equity (ROE): 27.5%
- Price to Book Value (P/BV): 3.9
- Mojo Score: 23.0 (Strong Sell)
- Market Cap Grade: 4
- Debt to Equity Ratio: 0 (average)
- Operating profit growth rate (annual): 57.36%
These figures illustrate the challenges faced by Jyoti Resins and Adhesives Ltd in maintaining profitability and market valuation, despite some positive long-term growth indicators.
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