Jyoti Global Plast IPO Review

Jyoti Global Plast began its journey as a manufacturer of plastic packaging solutions, catering to industries such as FMCG, pharmaceuticals, and food & beverages. The company built its reputation on quality, precision, and innovation, providing durable and cost-effective packaging solutions. As demand grew, so did Jyoti’s expertise in advanced plastic molding techniques, enabling it to expand its capabilities beyond traditional packaging.

The company is promoted by Bhawanji Shah, Deven Shah, and Hiren Shah. Bhawanji Shah, a veteran in the plastic moulding industry, began his entrepreneurial journey in 1990 with Jyoti Industries and later founded Jyoti Polycontainers Private Limited in 2004, joined by Deven and Hiren Shah. Deven Shah, the Whole Time Director and CEO, leads Business Development, while Hiren Shah, the Managing Director, oversees finance, accounting, and reporting. Other promoters include Karan Deven Shah, CFO since 2020, heading Finance and Accounts, and Sainyum Hiren Shah, who leads Sales and Marketing.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 9,379.79 Lakh, ₹ 8,796.41 Lakh and ₹ 8,935.45 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,212.35 Lakh, ₹ 862.30 Lakh and ₹ 626.52 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 608.06 Lakh, ₹ 361.53 Lakh and ₹ 232.36 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 3.92 and post-issue EPS of ₹ 3.07 for FY24. The pre-issue P/E ratio is 16.83x, while the post-issue P/E ratio is 21.51x against the Industry P/E ratio is 24x. The company's ROCE for FY24 is 22.35%, ROE for FY24 is 33.22% and RoNW is 28.49%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Jyoti Global Plast showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Jyoti Global Plast Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.