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J.G.CHEMICALS LIMITED (JGCHEM) Fair Value & Analysis

Basic Materials · IN · Market cap ₹16.6B

JG J.G.CHEMICALS LIMITED JGCHEM · NSE
Price₹645.85
Fair Value₹255.70
Upside-60.4%
Quality51/100
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Expensive Growth
Thin margins · 6.8% net margin
Low debt · generates free cash flow
0.26% dividend yield
Ranks above peers (9/14)
Moderate moat 45/100
Evidence: High Range ₹117.55 – ₹357.20 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹256.74 to ₹255.70 (−0.4%) since Aug 8, 2026. Share price +45.0% over the past month.

A solid business, but screening 60% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹357.20). The favourable scenario is already priced in.
  • The model range is unusually wide (₹117.55 to ₹357.20). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (2 years)

₹645.85 ₹171.90 Fair Value ₹255.70 Mar 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

29‑month range ₹171.90 – ₹645.85 · fair‑value band ₹117.55 – ₹357.20 · the ₹645.85 price screens above the ₹255.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

J.G.CHEMICALS LIMITED (JGCHEM) currently trades at ₹645.85, while our model-based Fair Value estimate is ₹255.70, implying the stock looks roughly 60.4% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, J.G.CHEMICALS LIMITED generated revenue of ₹9.7B at a net margin of 6.8%. Revenue grew 27.6% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of ₹320M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹117.55 (bear case) to ₹357.20 (bull case); at ₹645.85, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 116% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at -60%, JGCHEM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹44.32 ₹78.53 ₹131.64 80
Residual Income ₹126.12 ₹155.69 ₹400.96 76
Rev-Margin DCF ₹146.22 ₹288.90 ₹485.26 74
All 26 models by family
DCF Models
FCF DCF ₹45.13 ₹76.76 ₹145.89 38
Owner Earnings ₹124.11 ₹237.20 ₹450.13 31
5Y Revenue Exit ₹146.22 ₹297.70 ₹518.05 39
5Y EBITDA Exit ₹123.77 ₹248.63 ₹415.54 41
5Y P/E Exit ₹161.49 ₹331.08 ₹538.47 38
10Y Revenue Exit ₹107.02 ₹241.95 ₹477.42 36
10Y EBITDA Exit ₹98.33 ₹204.75 ₹386.52 37
10Y P/E Exit ₹123.97 ₹267.25 ₹495.52 35
Earnings-Based
Graham-Dodd ₹114.32 ₹639.77 ₹888.50 54
Lynch FV ₹178.99 ₹255.70 ₹332.42 50
PEG = 1.0 ₹178.99 ₹255.70 ₹332.42 46
EPV ₹139.46 ₹161.07 ₹179.98 59
Dividend Discount
Gordon GGM ₹9.18 ₹19.09 ₹30.29 70
DDM Multi-Stage ₹9.18 ₹16.10 ₹20.04 61
Multiples
P/E Multiple ₹214.35 ₹285.80 ₹357.25 63
P/S Multiple ₹214.35 ₹285.80 ₹357.25 58
P/B Multiple ₹214.35 ₹285.80 ₹357.25 55
EV/EBIT ₹215.63 ₹284.23 ₹352.84 53
EV/EBITDA ₹166.78 ₹219.10 ₹271.43 54
EV/Revenue ₹188.18 ₹264.63 ₹341.08 43
Asset-Based
NCAV (Graham) ₹67.42 ₹90.35 ₹134.85 50
Growth DCF
Growth DCF ₹44.32 ₹78.53 ₹131.64 80
Rev-Margin DCF ₹146.22 ₹288.90 ₹485.26 74
Economic Profit
Residual Income ₹126.12 ₹155.69 ₹400.96 76
ROIC Compounder ₹142.84 ₹199.68 ₹252.18 72
Growth Earnings
Growth-Adj P/E ₹243.98 ₹348.54 ₹453.11 68

Widest divergence: Growth Earnings (₹348.54) versus Dividend Discount (₹16.10). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹9.7B
Revenue growth (YoY) +27.6%
Net margin 6.8%
Return on equity 13.5%
Free cash flow ₹99.1M FY2026
P/E ratio 38.4
More key figures
Operating margin 7.1%
EPS (TTM) ₹16.83
Dividend yield 0.3%
EPS growth (YoY) +17.6%
Net cash ₹320M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 71

Profitability 61
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

J.G. Chemicals Limited engages in the manufacture and sale of zinc oxide and zinc sulphate in India. The company sells its products under the Luxmi brand name.

Full company description

J.G. Chemicals Limited engages in the manufacture and sale of zinc oxide and zinc sulphate in India. The company sells its products under the Luxmi brand name. It serves various industries, including rubber, ceramics, paints, pharmaceuticals and cosmetics, electronics and batteries, specialty chemicals, sanitaryware, adhesives, surface treatment chemicals, varistors, semiconductors, catalysts, agrochemicals, lubricants, oil and gas, and animal feed. J.G. Chemicals Limited was incorporated in 1975 and is headquartered in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

J.G.CHEMICALS LIMITED reported revenue of ₹9.7B in FY2026 versus ₹6.1B in FY2022, a compound +12.3%/yr. Reported net income was ₹659M in FY2026, compounding +13.3%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.7B
Latest YoY
+14.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.5%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.0%
Revenue +12.3%/yr
FY22 ₹6.1B
FY23 ₹7.8B
FY24 ₹6.7B
FY25 ₹8.5B
FY26 ₹9.7B
Net income +13.3%/yr
FY22 ₹400M
FY23 ₹549M
FY24 ₹309M
FY25 ₹640M
FY26 ₹659M

JGCHEM screens 60% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "J.G.CHEMICALS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/JGCHEM

Peer Group

Other Industrial Metals & Mining · 480 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Top 25%
Fair Value upside −60% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 28% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 38.4× · Pricier than 75% of peers
P/B 3.13× · Pricier than median
P/S (TTM) 1.70× · Cheaper than median
P/FCF 1.8× · Cheaper than 75% of peers
EV/EBITDA 19.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 24
PAST 54 · sector 0
HEALTH 100 · sector 96
DIVIDEND 5 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

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Frequently asked questions

Is J.G.CHEMICALS LIMITED (JGCHEM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹255.70 versus a price of ₹645.85, about −60% (overvalued).
What is the fair value of JGCHEM?
Our model-based fair value for J.G.CHEMICALS LIMITED is ₹255.70 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹645.85.
What is the quality score of JGCHEM?
J.G.CHEMICALS LIMITED has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of J.G.CHEMICALS LIMITED (JGCHEM)?
J.G.CHEMICALS LIMITED reported trailing-twelve-month revenue of about ₹9.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JGCHEM?
The net profit margin of J.G.CHEMICALS LIMITED is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does J.G.CHEMICALS LIMITED pay a dividend?
J.G.CHEMICALS LIMITED currently shows a dividend yield of about 0.26% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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