J.G. Chemicals Limited (JGCHEM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-76.5%

₹137.32

vs ₹583.75 price

Levered DCF

₹144.80

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	18.38×	19.72×	19.26×	10.67×	18.1×	25.01×	45.29×
P/B	2.29×	2.72×	1.49×	3.49×	4.74×	6.68×	6.9×
P/S	1.24×	1.49×	0.89×	0.92×	1.18×	1.67×	1.47×
EV / EBITDA	12.28×	12.81×	11.02×	9.34×	12.3×	16.43×	33.13×
Gross margin	15.0%	19.9%	16.6%	18.4%	18.2%	18.7%	14.6%
Operating margin	7.9%	9.5%	6.2%	9.3%	8.8%	9.6%	12.1%
Net margin	6.8%	7.5%	4.6%	7.0%	6.5%	5.4%	3.2%
Current ratio	18.64×	19.9×	9.98×	3.34×	2.2×	2.07×	2.23×
Debt / equity	0.01×	0×	0.03×	0.34×	0.62×	0.69×	0.62×
Interest coverage	142.51×	95.32×	11.36×	14.58×	9.13×	8.69×	7.48×
Dividend yield	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	5.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	12.5%	13.8%	7.7%	26.5%	26.2%	21.6%	15.3%
Return on invested capital	10.4%	12.6%	7.3%	18.9%	16.2%	15.0%	24.7%
Return on assets	11.6%	12.9%	6.9%	18.5%	15.1%	11.2%	8.7%
Free cash flow yield	0.8%	-1.3%	11.2%	2.9%	-0.3%	-1.8%	6.0%
Earnings yield	5.4%	5.1%	5.2%	7.6%	5.5%	3.2%	2.2%
Enterprise value	₹12B	₹12.3B	₹5.6B	₹7.9B	₹8.1B	₹7.9B	₹6.4B
Net debt / EBITDA	-0.1×	-0.32×	-0.65×	0.79×	1.33×	1.44×	2.69×
Cash conversion cycle (days)	101	112	103	111	127	140	104