Jaysynth Orgochem Ltd (524592)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Jaysynth Orgochem's revenue was ₹58.1 Cr (-1.5% year on year, -16.3% on the previous quarter), and net profit ₹5.5 Cr (+219.8% year on year); the operating margin was 13.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹58.1 | -1.5% | -16.3% |
| Operating profit | ₹7.7 | +106.4% | -4.4% |
| Net profit | ₹5.5 | +219.8% | -2.8% |
| EPS (₹) | 0.41 | +215.4% | -2.4% |
| Operating margin | 13.2% | — | — |
📢 Recent Corporate Announcements
Jaysynth Orgochem has appointed M/s. Chhogmal & Co. as its new Statutory Auditors for a five-year term, effective from the conclusion of the 52nd AGM until the 57th AGM. This change follows the completion of the term of the previous auditors, M/s. A H J & Associates. The new firm, established in 1965, has over six decades of experience and serves major clients like Supreme Industries and Axis Bank. The appointment is a routine regulatory transition and is subject to shareholder approval at the upcoming AGM.
- Appointment of M/s. Chhogmal & Co. for a 5-year consecutive term
- Term spans from the conclusion of the 52nd AGM to the 57th AGM
- Outgoing auditor M/s. A H J & Associates completed their full tenure
- New auditor firm established in 1965 with over 60 years of professional standing
Jaysynth Orgochem Ltd has approved the appointment of M/s. Chhogmal & Co. as its Statutory Auditors for a five-year term, effective from the conclusion of the 52nd Annual General Meeting (AGM) until the 57th AGM. This appointment follows the completion of the term of the outgoing auditors, M/s. A H J & Associates. The new firm, established in 1965, brings over 60 years of professional experience and serves notable clients including Supreme Industries and Axis Bank. The transition is a standard regulatory requirement and is subject to shareholder approval at the upcoming AGM.
- Appointment of M/s. Chhogmal & Co. for a term of 5 consecutive years
- Term covers the period from the 52nd AGM to the 57th AGM
- The new auditing firm has over 60 years of professional standing since its establishment in 1965
- Outgoing auditors M/s. A H J & Associates completed their full term as per regulatory requirements
- The company reported TTM revenue of ₹260 Cr and PAT of ₹15 Cr as of the latest financial context
Jaysynth Orgochem reported a strong bottom-line performance for Q1 FY27, with consolidated PAT surging 220% YoY to Rs 5.50 Cr from Rs 1.72 Cr. This growth was driven by a sharp margin expansion in the core Colorants & Chemicals segment, where profits rose to Rs 7.48 Cr from Rs 3.02 Cr YoY. However, consolidated revenue remained stagnant at Rs 58.13 Cr (down 1.5% YoY) and fell 16.3% sequentially from Q4 FY26. The Inkjet Printers segment remains a drag, reporting a loss of Rs 26.37 lakhs for the quarter.
- Consolidated Net Profit grew 220% YoY to Rs 5.50 Cr in Q1 FY27.
- Revenue from operations stood at Rs 58.13 Cr, representing ~22.4% of TTM revenue.
- Colorants & Chemicals segment profit more than doubled to Rs 7.48 Cr from Rs 3.02 Cr YoY.
- Inkjet Printers segment reported a loss of Rs 26.37 lakhs on revenue of Rs 3.14 Cr.
- Incorporated a new wholly-owned subsidiary, VarnaTex Limited, in Hong Kong with 500,000 HKD capital.
Jaysynth Orgochem's board met on August 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. A key governance update is the appointment of M/s. Chhogmal & Co. as Statutory Auditors for a five-year term, replacing M/s. A H J & Associates upon the completion of their term. The company also scheduled its 52nd Annual General Meeting (AGM) for September 28, 2026. The meeting concluded within 90 minutes, covering routine annual reporting and compliance approvals.
- Appointment of M/s. Chhogmal & Co. as Statutory Auditors for a 5-year term starting from the 52nd AGM.
- 52nd Annual General Meeting scheduled for September 28, 2026.
- Board meeting duration was 1.5 hours, commencing at 12:00 PM and concluding at 1:30 PM.
- Approval of the Board's Report for the financial year ended March 31, 2026, where TTM revenue stood at Rs 260 Cr.
Jaysynth Orgochem has scheduled its board meeting for August 5, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company, which has a market capitalization of Rs 168 crore, reported a TTM revenue of Rs 260 crore and a PAT of Rs 15 crore. The trading window for insiders has been closed since July 1, 2026, and will remain so until August 7, 2026. This is a routine regulatory filing ahead of the quarterly earnings announcement.
- Board meeting scheduled for August 5, 2026, to consider Q1 FY27 results.
- Trading window for designated persons closed from July 1, 2026, to August 7, 2026.
- Company reported a net profit of Rs 5.66 crore in the most recent quarter (Mar 2026).
- TTM revenue stands at Rs 260 crore with an operating profit margin of 8.5%.
Jaysynth Orgochem has completed the incorporation of its wholly-owned subsidiary (WOS), VarnaTex Limited, in Hong Kong as of July 17, 2026. The company will invest 5,00,000 HKD (approximately ₹0.54 Cr) to subscribe to 100% of the initial paid-up capital. The new entity will focus on trading activities, procurement functions, and supporting export opportunities for the company's chemical and inkjet printer products. Given the small investment size relative to the company's ₹133 Cr net worth, the immediate financial impact is minimal.
- Successfully incorporated 'VarnaTex Limited' in Hong Kong on July 17, 2026
- Proposed subscription of 5,00,000 equity shares at 1 HKD per share
- Entity will operate in the Chemicals and Inkjet Printers & Accessories industry
- Investment represents approximately 0.4% of the company's current net worth of ₹133 Cr
- Move follows the initial board approval granted on May 27, 2026
Financial Performance
Revenue Growth by Segment
Standalone Net Sales grew 11.69% YoY to INR 22,793 Lakhs, driven primarily by an increase in ink product sales volume. Consolidated revenue from operations grew 8% to INR 22,632 Lakhs.
Geographic Revenue Split
Export revenue reached INR 8,494 Lakhs, contributing 37.26% to total standalone net sales and registering a 12% YoY growth.
Profitability Margins
Standalone Net Profit margin was 6.97% (INR 1,588.95 Lakhs profit on INR 22,793 Lakhs sales). Profit before tax (Standalone) increased 22.86% YoY to INR 2,164 Lakhs.
EBITDA Margin
EBITDA margin improved to 11.41% from 9.79% in the previous year. EBITDA grew 30.27% YoY to INR 2,601 Lakhs, primarily due to higher gross margin realization from an improved product mix.
Capital Expenditure
Property, Plant & Equipment stood at INR 1,939.93 Lakhs. Capital Work in Progress (CWIP) increased from INR 0.32 Lakhs to INR 57.89 Lakhs, indicating ongoing small-scale facility improvements.
Credit Rating & Borrowing
Finance costs surged by 244.66% to INR 186.60 Lakhs. The company did not have sanctioned working capital limits exceeding INR 5 Cr from banks during the year.
Operational Drivers
Raw Materials
Crude oil and downstream petrochemicals are the primary raw materials. Cost of materials consumed was INR 14,464.14 Lakhs, representing 63.46% of total standalone net sales.
Import Sources
Not specifically disclosed, though the company monitors global demand/supply dynamics for petrochemicals.
Capacity Expansion
Current fixed assets are valued at INR 1,939.93 Lakhs; planned expansion is indicated by a CWIP of INR 57.89 Lakhs, though specific MTPA capacity is not disclosed.
Raw Material Costs
Raw material costs were INR 14,464.14 Lakhs, up 3.34% YoY. The company manages costs through product mix optimization to offset crude-linked price volatility.
Manufacturing Efficiency
Efficiency improved as evidenced by the 30.27% growth in EBITDA despite only an 11.69% growth in sales, driven by higher-margin ink products.
Logistics & Distribution
Not specifically disclosed as a separate percentage of revenue.
Strategic Growth
Growth Strategy
The company is focusing on increasing the sales volume of digital ink products and optimizing its product mix to achieve higher gross margins. It also leverages its European subsidiary, Jaysynth (Europe) Ltd, to maintain international market presence.
Products & Services
Digital inks, ink products, dyes, and specialty chemicals.
Brand Portfolio
Jaysynth.
New Products/Services
Focus remains on expanding the digital ink portfolio; specific revenue contribution percentages for new launches are not disclosed.
Market Expansion
Targeting growth in digital printing segments and international markets, supported by a 12% increase in export revenue.
Strategic Alliances
Operates through a wholly owned subsidiary, Jaysynth (Europe) Ltd (JEL), to manage European operations.
External Factors
Industry Trends
The industry is shifting toward digital printing technologies. Jaysynth is positioning itself by increasing its ink product sales volume to capture this growth.
Competitive Landscape
Competes with global producers of digital inks and specialty chemical manufacturers.
Competitive Moat
The company's moat lies in its specialized production of digital inks, a niche segment with higher technical barriers than basic chemicals.
Macro Economic Sensitivity
Highly sensitive to global economic cycles and crude oil price fluctuations, which directly impact the cost of 63% of its inputs.
Consumer Behavior
Increasing preference for digital printing over traditional methods is driving demand for the company's ink products.
Geopolitical Risks
Current geopolitical situations are cited as a cause for global economic uncertainty and potential recessionary conditions affecting demand.
Regulatory & Governance
Industry Regulations
Compliant with Companies Act 2013, Ind AS, and Rule 11 of the Companies (Audit and Auditors) Rules regarding audit trails and financial reporting.
Taxation Policy Impact
Effective tax rate was approximately 26.5% for FY 2024-25, with total tax expense of INR 574.64 Lakhs on a PBT of INR 2,163.59 Lakhs.
Legal Contingencies
The company reported no pending material litigations as of March 31, 2025, that would impact its financial position.
Risk Analysis
Key Uncertainties
Volatility in crude oil prices and exchange rate fluctuations are the primary business risks, potentially impacting margins by over 5-10% if not managed.
Geographic Concentration Risk
37.26% of revenue is concentrated in export markets (INR 8,494 Lakhs), making it vulnerable to international trade barriers.
Technology Obsolescence Risk
The company mitigates technology risk by focusing on the growing digital ink segment, which is currently disrupting traditional dye markets.
Credit & Counterparty Risk
Loans to related parties totaled INR 50 Lakhs, representing 46.57% of the company's total loans granted.
