Jayant Agro Organics financials: balance sheet, profit and loss, cash flow

NSE: JAYAGROGNBSE: 524330Chemicals & PetrochemicalsSmall Cap

Jayant Agro Organics Limited · Face value ₹5 · Listed Aug 1993 on BSE, Apr 1996 on NSE

₹219.75₹3.47 (1.55%)BSE ₹219.20

Share price at the NSE close on 28 Oct 2026. Previous close ₹223.22.

28 Oct: open ₹217.50, high ₹225.00, low ₹217.50

52-week range of traded prices to 28 Oct 2026

₹147.26Low, 30 Mar 2026₹265.00High, 9 Sep 2026

Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹659 Cr1,768th largest listed
P/E: 12.14
P/B: 1.08
Dividend yield: 1.59%
ROE: 9.2%
ROCE: 11.7%
Debt to equity: 0.20
Volume, NSE: 5,08051.0% delivered

Jayant Agro Organics' financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Jayant Agro Organics annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹2,772 Cr, year to Mar 2023; lowest ₹1,639 Cr, year to Mar 2021A loss in 1 of the 10 years shown

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.7% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue2,406
Materials and goods−2,035
Employee costs−75
Other expenses−192
Operating profit104
Depreciation−22
Other income+4.3
One-off items0.0
Finance costs−15
Profit before tax71
Tax−19
Joint ventures−1.5
Net profit50

What the company owns

Plant, investments and other assets₹403 Cr
Receivables₹300 Cr
Inventory₹266 Cr
Cash and bank₹12 Cr

What pays for it: net worth and liabilities

Net worth₹642 Cr
Owed to suppliers₹132 Cr
Borrowings₹127 Cr
Other liabilities₹82 Cr

Jayant Agro Organics business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Jayant Agro Organics segment results by quarter

Revenue by segment

₹2,406 CrTotal

Castor Oil₹1,262 Cr52.4% of total
Castor Oil Derivatives₹1,141 Cr47.4% of total
Power Generation₹3 Cr0.1% of total

Profit by segment

Castor Oil₹6.5 Cr7.8% of total
Castor Oil Derivatives₹76.0 Cr90.5% of total
Power Generation₹1.4 Cr1.7% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Castor Oil
Revenue, ₹ crore
1,642
1,703
984
1,512
1,643
1,157
1,332
1,262
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
47
7
35
33
23
20
6
7
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Castor Oil Derivatives
Revenue, ₹ crore
789
802
652
1,074
1,126
990
1,193
1,141
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
82
−32
49
105
58
61
83
76
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Power Generation
Revenue, ₹ crore
3
3
2
3
3
3
3
3
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1
2
1
2
2
2
1
1
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	2,433	2,508	1,639	2,589	2,772	2,150	2,528	2,406
Company revenue, as in its results	2,433	2,508	1,639	2,589	2,772	2,150	2,528	2,406
Revenue	1,642	1,703	984	1,512	1,643	1,157	1,332	1,262
Revenue growth	–	3.7%	−42.2%	53.6%	8.6%	−29.6%	15.1%	−5.3%
Profit	47	7	35	33	23	20	6	7
Profit growth	–	−84.7%	389.0%	−4.6%	−30.1%	−13.2%	−68.5%	2.9%
Margin	2.9%	0.4%	3.6%	2.2%	1.4%	1.7%	0.5%	0.5%
Return on capital	55.6%	9.8%	37.9%	26.2%	18.9%	12.3%	4.2%	4.2%
Assets	474	208	260	323	276	360	288	350
Liabilities	390	136	168	196	153	197	138	195
Capital employed	84	73	92	127	123	164	150	155
Revenue	789	802	652	1,074	1,126	990	1,193	1,141
Revenue growth	–	1.6%	−18.6%	64.8%	4.8%	−12.1%	20.6%	−4.4%
Profit	82	−32	49	105	58	61	83	76
Profit growth	–	–	–	114.6%	−44.1%	4.0%	36.1%	−8.1%
Margin	10.3%	−4.0%	7.5%	9.7%	5.2%	6.1%	6.9%	6.7%
Return on capital	28.3%	−12.9%	17.0%	30.8%	14.7%	15.4%	18.8%	16.6%
Assets	510	378	378	428	453	481	551	594
Liabilities	222	128	91	89	55	87	110	137
Capital employed	288	250	286	339	398	394	440	457
Revenue	3	3	2	3	3	3	3	3
Profit	1	2	1	2	2	2	1	1
Margin	44.5%	56.7%	37.8%	51.1%	53.2%	48.0%	47.2%	43.3%
Return on capital	13.8%	25.4%	13.5%	26.5%	31.7%	32.9%	36.6%	11.9%
Assets	8	7	7	6	5	5	4	12
Liabilities	0	0	0	0	0	0	0	0
Capital employed	8	7	7	6	5	5	4	12

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Jayant Agro Organics quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 29 May	Jun 2026Twelve monthsFiled 31 Jul
Revenue from operations	1,663	2,551	2,433	2,508	1,639	2,589	2,772	2,150	2,528	2,406	2,530
	–	2,406	2,298	2,519	1,542	2,437	2,674	2,053	2,419	2,302	2,418
Materials and goods bought	1,361	2,205	2,097	2,318	1,339	2,164	2,411	1,823	2,129	2,035	2,139
Employee costs	–	35	39	43	41	47	53	60	68	75	77
Other expenses	–	165	162	157	162	226	211	170	223	192	202
Operating profit before depreciation	–	145	136	−11	97	152	97	97	109	104	112
Operating margin	–	5.7%	5.6%	−0.4%	5.9%	5.9%	3.5%	4.5%	4.3%	4.3%	4.4%
Materials, % of revenue	–	86.4%	86.2%	92.4%	81.7%	83.6%	87.0%	84.8%	84.2%	84.6%	84.5%
Employee costs, % of revenue	–	1.4%	1.6%	1.7%	2.5%	1.8%	1.9%	2.8%	2.7%	3.1%	3.0%
Other expenses, % of revenue	–	6.4%	6.7%	6.3%	9.9%	8.7%	7.6%	7.9%	8.8%	8.0%	8.0%
Depreciation and amortisation	11	11	11	14	13	14	15	16	19	22	22
Operating profit after depreciation	–	134	125	−25	84	138	82	81	89	82	90
Other income	4	6	11	5	1	1	2	1	2	4	4
Finance costs	–	54	45	41	14	16	13	9	19	15	17
One-off items	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	85	86	90	−61	71	124	70	73	72	71	77
	28	29	32	−26	18	32	19	18	19	19	21
Current tax	26	28	31	0	8	27	19	18	19	19	20
Deferred tax	3	1	2	−26	10	5	0	1	−1	1	1
Share of profit of joint ventures and associates	–	0	0	0	0	0	1	1	0	−1	−1
	54	57	58	−34	53	92	52	56	54	50	54
Belonging to the company's shareholders	54	–	56	−32	48	89	49	53	55	50	54
Belonging to outside owners of subsidiaries	–	–	3	−2	5	4	3	3	−1	0	0
Other comprehensive income	–	–	5	−13	8	0	1	−2	3	−10	1
Total comprehensive income	–	–	63	−47	61	93	52	53	56	40	55
Net margin	3.2%	2.2%	2.4%	−1.4%	3.2%	3.6%	1.9%	2.6%	2.1%	2.1%	2.2%
Net margin without joint ventures and associates	–	2.2%	2.4%	−1.4%	3.2%	3.6%	1.9%	2.6%	2.1%	2.1%	–

Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given. Belonging to the company's shareholders is left blank for the year to Mar 2018: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because a split, bonus or rights issue between the start of the period and the filing changed the share count the earnings per share is on.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 29 May
	399	345	405	495	538	577	609	642
	377	325	381	466	507	543	577	610
Share capital	15	15	15	15	15	15	15	15
Reserves	362	310	366	451	492	528	562	595
Belonging to outside owners of subsidiaries	22	19	24	28	31	33	33	32
	440	171	151	147	84	153	106	127
Repayable after a year	6	8	7	3	13	10	8	5
Repayable within a year	434	163	144	144	71	143	98	122
	573	247	230	254	175	250	215	300
Trade payables	118	42	61	90	87	83	92	132
Other financial liabilities	14	36	19	9	9	14	14	32
Other liabilities	3	3	3	5	4	5	6	9
Provisions	3	3	3	3	4	4	5	6
Tax owed	2	0	0	2	–	0	0	–
	50	32	38	36	48	47	45	40
Other financial liabilities	0	4	2	0	2	2	2	3
Provisions	4	6	5	4	5	5	7	7
Deferred tax	40	14	24	29	29	29	28	26
Total assets	1,022	623	673	785	761	873	869	982
	242	263	251	260	300	332	343	357
Plant in use, after depreciation	221	227	217	226	233	286	316	328
Plant being built	2	18	19	12	36	20	6	10
Intangible assets	0	0	0	2	0	4	0	0
Investments	12	10	11	11	12	12	13	11
Loans given	0	0	0	0	0	0	1	0
Other financial assets	2	3	2	7	6	6	5	2
Other assets	4	5	3	3	13	4	4	6
	781	360	421	525	461	541	525	626
Inventories	460	151	216	312	257	280	226	266
Trade receivables	220	160	159	145	147	197	245	300
Cash and cash equivalents	5	8	6	19	12	10	8	12
Other bank balances	1	0	0	0	0	0	1	1
Loans given	0	0	0	0	0	0	0	2
Other financial assets	10	0	2	2	2	1	4	4
Tax paid in advance	2	10	7	11	–	10	10	4
Other assets	82	32	32	37	41	41	33	37
Net debt	434	163	145	128	71	142	98	114

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 29 May
	40	65	123	17	118	44
	45	95	129	25	119	41
	−72	−59	43	−64	27	−54
Receivables	−19	13	−3	−42	−47	−57
Inventories	−65	−96	54	−23	54	−40
Payables	19	28	−3	−4	9	35
Other working capital	−7	−4	−5	5	11	9
Tax paid	−5	−29	−20	−18	−19	−13
Interest paid	0	0	13	9	19	15
Capital spending	6	18	41	53	28	34
Free cash flow	34	47	82	−36	90	9
	−6	−17	−41	−53	−28	−34
Plant and property sold	0	0	0	0	0	0
Interest received	0	0	0	0	1	0
Dividends received	0	0	0	0	0	0
	−36	−35	−88	34	−93	−6
Borrowings raised	0	0	−63	62	0	21
Borrowings repaid	−20	−16	0	0	−49	0
Interest paid	−14	−16	−13	−9	−19	−15
Lease payments	0	−1	0	−3	−3	−3
Dividends paid	0	3	9	15	22	8
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−1	12	−7	−2	−3	4

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Jayant Agro Organics dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 29 May
	₹17.86	₹17.82	₹18.60	−₹10.72	₹16.00	₹29.53	₹16.45	₹17.59	₹18.30	₹16.80
As stated that year	₹35.71	₹17.82	₹18.60	−₹10.72	₹16.00	₹29.53	₹16.45	₹17.59	₹18.30	₹16.80
	₹17.86	₹17.82	₹18.60	−₹10.72	₹16.00	₹29.53	₹16.45	₹17.59	₹18.30	₹16.80
As stated that year	₹35.71	₹17.82	₹18.60	−₹10.72	₹16.00	₹29.53	₹16.45	₹17.59	₹18.30	₹16.80
	₹4.38	₹2.00	₹2.00	–	₹1.00	₹3.00	₹5.00	₹7.50	₹2.50	₹3.50
As declared that year	₹8.75	₹2.00	₹2.00	–	₹1.00	₹3.00	₹5.00	₹7.50	₹2.50	₹3.50
Book value per share	–	–	₹125.59	₹108.49	₹126.89	₹155.46	₹169.10	₹181.07	₹192.29	₹203.36
Dividend payout	24.5%	–	10.8%	–	6.3%	10.2%	30.4%	42.6%	13.7%	20.8%
Shareholder yield	–	–	–	–	0.0%	0.4%	2.0%	2.3%	3.5%	1.7%
Market cap at the year end (₹ crore)	1,169	891	540	173	409	746	440	645	640	449

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.Jayant Agro Organics PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 29 May
Revenue growth	20.9%	53.4%	−4.6%	3.1%	−34.6%	58.0%	7.0%	−22.4%	17.6%	−4.8%
Operating profit growth	–	–	−6.2%	–	–	56.5%	−36.1%	0.1%	11.8%	−4.6%
Net profit growth	120.6%	6.6%	2.4%	–	–	75.5%	−43.9%	7.0%	−3.0%	−6.8%
Earnings per share growth	120.6%	−0.2%	4.4%	–	–	84.6%	−44.3%	6.9%	4.0%	−8.2%
	–	–	14.8%	−9.2%	13.6%	20.9%	10.1%	10.0%	9.8%	8.5%
	–	–	–	−24.0 pts	22.8 pts	7.3 pts	−10.8 pts	−0.1 pts	−0.2 pts	−1.3 pts
From the net margin	–	–	–	−23.1 pts	30.1 pts	2.3 pts	−10.0 pts	3.8 pts	−1.2 pts	−0.3 pts
From asset turnover	–	–	–	−2.3 pts	−3.6 pts	6.4 pts	0.1 pts	−3.7 pts	0.9 pts	−1.0 pts
From borrowing	–	–	–	1.4 pts	−3.8 pts	−1.4 pts	−0.8 pts	−0.2 pts	0.0 pts	0.0 pts
Return on capital employed	–	–	14.8%	−4.9%	15.0%	21.6%	13.1%	11.2%	12.5%	10.7%
Cash conversion	–	–	–	–	76.2%	70.4%	236.2%	30.4%	219.2%	86.8%
Interest cover	–	2.5	2.8	–	5.8	8.8	6.1	8.6	4.7	5.3
Debt to equity	–	–	1.10	0.50	0.37	0.30	0.16	0.27	0.17	0.20
Receivable days	–	–	33	23	35	20	19	34	35	46
Inventory days	–	–	80	24	59	53	39	56	39	48
Payable days	–	–	20	7	17	15	13	17	16	24
Cash conversion cycle, days	–	–	93	40	78	58	45	73	58	70
Working capital days	–	–	95	39	73	56	45	72	58	66
Asset turnover	–	–	2.38	3.05	2.53	3.55	3.59	2.63	2.90	2.60
Assets per rupee of net worth	–	–	2.71	2.34	1.83	1.72	1.59	1.56	1.56	1.56
Sales per rupee of plant	–	–	11.01	11.05	7.57	11.46	11.88	7.51	8.01	7.34
Capital spending to depreciation	–	–	–	–	0.47	1.30	2.66	3.36	1.45	1.58
Plant being built, % of plant in use	–	–	1.1%	8.0%	8.9%	5.4%	15.2%	7.1%	2.0%	3.1%

Interest cover is left blank for the year to Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 5.4%
Cash from operations against operating profit: 41.9%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	5.7%	8.0%	−4.6%
Profit growth, yearly rate	7.6%	1.0%	0.7%
Return on equity, average	–	11.9%	9.4%
Return on capital employed, average	–	13.8%	11.4%
Operating margin, average	4.4%	4.5%	4.4%
Net margin, average	2.2%	2.4%	2.3%
Asset turnover, average	–	3.05	2.71
Cash conversion cycle, days, average	–	61	67
Interest cover, average	–	6.7	6.2
Debt to equity, average	–	0.22	0.21

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	366	178	44
Cash from investing	−173	−115	−34
Cash from financing	−188	−64	−6
Capital spending	174	116	34
Dividends paid	57	45	8
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	–	82	21
Borrowings repaid	64	49	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	8	7	5	6	8	4
Altman Z-scorePublished threshold 1.81	–	–	4.08	5.21	4.87	6.65	6.55	5.33	6.07	4.78
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.63	−2.14	−2.06	−2.19	−2.82	−2.25
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	2.84	6.15	−3.87	11.23	−4.19	4.36
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.16	1.02	1.60	1.12
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−30.57	34.27	−67.00	−5.11	56.32	6.34	27.53
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−77.82	85.33	−17.10	−28.82	33.30	−36.18	22.27
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−2.08	−0.09	0.36	−0.23	0.42	−0.23	−0.09
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.89	5.96	0.53	1.56	0.29	0.13	0.30
Effective tax ratePublished threshold 17.16 per cent	33.40	33.76	35.85	–	25.94	25.72	26.85	24.97	26.03	27.27
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	1.94	−1.07	0.94	−0.30	9.17

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
12 Sep 2025	ICRA Limited	Non Fund Based-Others	[ICRA]A2+Review, Re-affirm		7.50
12 Sep 2025	ICRA Limited	Interchangeable-Cash Credit	[ICRA]A-Review, Re-affirm	Stable	4
12 Sep 2025	ICRA Limited	Fund Based-Cash Credit	[ICRA]A2+Review, Re-affirm		186
12 Sep 2025	ICRA Limited	Fund Based-Term Loan	[ICRA]A-Review, Re-affirm	Stable	25.25
12 Sep 2025	ICRA Limited	Unallocated-Unallocated	[ICRA]A- /[ICRA]A2+Review, Re-affirm	Stable	21.25
12 Sep 2025	ICRA Limited	Fund Based-Others	[ICRA]A- /[ICRA]A2+Review, Re-affirm	Stable	110

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.