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Last Updated: April 1, 2026, 4:52 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 507515 | NSE: CJGEL

CJ Gelatine Products Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.11Fairly Valued by 6.88%vs CMP ₹17.30

P/E (139.0) × ROE (1.8%) × BV (₹7.89) × DY (2.00%)

₹13.02Overvalued by 24.74%vs CMP ₹17.30
MoS: -32.9% (Negative)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹11.2330%Over (-35.1%)
Graham NumberEarnings₹4.6222%Over (-73.3%)
Net Asset ValueAssets₹7.9010%Over (-54.3%)
EV/EBITDAEnterprise₹1.2112%Over (-93%)
Earnings YieldEarnings₹1.2010%Over (-93.1%)
ROCE CapitalReturns₹46.8010%Under (+170.5%)
Revenue MultipleRevenue₹42.937%Under (+148.2%)
Consensus (7 models)₹13.02100%Overvalued
Key Drivers: EPS CAGR -30.3% drags value — could be higher if earnings stabilize. | P/E of 139 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -30.3%

*Investments are subject to market risks

Investment Snapshot

44
CJ Gelatine Products Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health34/100 · Weak
ROCE 5.9% WeakROE 1.8% WeakD/E 3.36 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 61.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 4% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 2% YoY Flat
Industry Rank45/100 · Moderate
P/E 139.0 vs industry 139.0 In-lineROCE 5.9% vs industry 5.9% Average3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 4:52 am

Market Cap 8.32 Cr.
Current Price 17.3
Intrinsic Value₹13.02
High / Low 19.8/13.9
Stock P/E139
Book Value 7.89
Dividend Yield0.00 %
ROCE5.86 %
ROE1.80 %
Face Value 10.0
PEG Ratio-4.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CJ Gelatine Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
CJ Gelatine Products Ltd 8.32 Cr. 17.3 19.8/13.9139 7.890.00 %5.86 %1.80 % 10.0
Industry Average0 Cr17.30139.007.890.00%5.86%1.80%10.00

All Competitor Stocks of CJ Gelatine Products Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9.0310.0410.529.619.5311.258.9210.0610.9311.388.4412.0910.20
Expenses 8.789.519.979.738.8010.508.429.9910.3210.948.1211.589.62
Operating Profit 0.250.530.55-0.120.730.750.500.070.610.440.320.510.58
OPM % 2.77%5.28%5.23%-1.25%7.66%6.67%5.61%0.70%5.58%3.87%3.79%4.22%5.69%
Other Income 0.200.17-0.56-0.65-0.69-0.660.000.050.030.260.030.010.01
Interest 0.350.410.330.340.340.360.320.310.310.320.360.350.34
Depreciation 0.000.000.000.000.000.550.140.140.140.150.150.150.15
Profit before tax 0.100.29-0.34-1.11-0.30-0.820.04-0.330.190.23-0.160.020.10
Tax % 0.00%31.03%0.00%0.00%0.00%-75.61%-25.00%-27.27%10.53%78.26%-12.50%-100.00%-20.00%
Net Profit 0.100.20-0.34-1.11-0.29-0.210.05-0.240.170.05-0.140.040.11
EPS in Rs 0.210.42-0.71-2.31-0.60-0.440.10-0.500.350.10-0.290.080.23

Last Updated: March 3, 2026, 11:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:35 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 14.9317.7622.5616.5523.0125.8128.2839.0339.5336.8040.8941.2942.11
Expenses 14.6616.4720.8616.6621.8423.9126.5937.1537.4635.2038.9839.6140.26
Operating Profit 0.271.291.70-0.111.171.901.691.882.071.601.911.681.85
OPM % 1.81%7.26%7.54%-0.66%5.08%7.36%5.98%4.82%5.24%4.35%4.67%4.07%4.39%
Other Income 0.240.000.100.180.23-0.160.060.020.040.59-2.550.350.31
Interest 0.510.871.321.740.960.861.131.071.221.371.371.261.37
Depreciation 0.200.340.300.340.360.370.380.430.480.500.550.580.60
Profit before tax -0.200.080.18-2.010.080.510.240.400.410.32-2.560.190.19
Tax % 0.00%12.50%33.33%0.00%12.50%25.49%12.50%12.50%14.63%28.12%-24.22%57.89%
Net Profit -0.200.060.13-2.010.060.370.220.350.350.23-1.950.080.06
EPS in Rs -0.420.120.27-4.180.120.770.460.730.730.48-4.050.170.12
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)130.00%116.67%-1646.15%102.99%516.67%-40.54%59.09%0.00%-34.29%-947.83%104.10%
Change in YoY Net Profit Growth (%)0.00%-13.33%-1762.82%1749.14%413.68%-557.21%99.63%-59.09%-34.29%-913.54%1051.93%

CJ Gelatine Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:1%
TTM:4%
Compounded Profit Growth
10 Years:-8%
5 Years:-18%
3 Years:-39%
TTM:-137%
Stock Price CAGR
10 Years:6%
5 Years:4%
3 Years:-11%
1 Year:-34%
Return on Equity
10 Years:1%
5 Years:6%
3 Years:7%
Last Year:2%

Last Updated: September 5, 2025, 2:56 pm

Balance Sheet

Last Updated: February 1, 2026, 4:34 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.814.814.814.814.814.814.814.814.814.814.814.814.81
Reserves 8.317.747.304.734.224.033.692.972.752.42-0.08-0.63-1.01
Borrowings 1.641.836.007.685.375.019.9312.8318.5719.5519.6120.9622.02
Other Liabilities 6.929.419.7814.6817.6917.0512.5611.958.678.688.767.696.53
Total Liabilities 21.6823.7927.8931.9032.0930.9030.9932.5634.8035.4633.1032.8332.35
Fixed Assets 10.519.549.489.268.668.047.427.097.277.156.525.965.89
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 11.1714.2518.4122.6423.4322.8623.5725.4727.5328.3126.5826.8726.46
Total Assets 21.6823.7927.8931.9032.0930.9030.9932.5634.8035.4633.1032.8332.35

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.920.690.781.112.151.30-6.19-3.34-4.070.801.760.46
Cash from Investing Activity + -0.030.00-0.80-0.68-0.33-0.32-0.26-0.65-1.18-0.36-0.44-0.55
Cash from Financing Activity + -0.90-0.681.58-0.47-3.25-0.596.013.984.50-0.45-1.310.09
Net Cash Flow -0.010.011.56-0.04-1.420.40-0.43-0.01-0.75-0.010.000.00
Free Cash Flow 0.890.69-0.020.431.820.98-6.51-4.01-5.29-0.151.28-0.13
CFO/OP 341%53%46%-1,009%184%68%-366%-174%-194%57%97%33%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.37-0.54-4.30-7.79-4.20-3.11-8.24-10.95-16.50-17.95-17.70-19.28

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 19.8029.5933.0177.8567.5753.8831.6223.9434.2620.7328.7436.07
Inventory Days 421.33424.77375.37629.85430.58395.32414.65275.60274.00326.34249.08236.58
Days Payable 274.43301.12247.26514.05399.89352.31233.33129.8775.2877.9936.3148.50
Cash Conversion Cycle 166.70153.25161.12193.6598.2696.89212.93169.68232.97269.08241.50224.15
Working Capital Days 103.4198.6593.19103.8862.3447.9467.8955.5582.1890.5671.3290.26
ROCE %0.65%7.55%9.05%-1.75%6.58%10.97%8.49%7.53%6.97%6.39%6.26%5.86%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 61.37%61.37%61.37%61.37%61.37%61.37%61.37%61.37%61.37%61.37%61.37%61.37%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 38.63%38.63%38.63%38.63%38.62%38.62%38.62%38.62%38.62%38.62%38.63%38.63%
No. of Shareholders 4,9004,8684,8944,8844,9444,9494,9915,0725,0645,0655,0915,065

Shareholding Pattern Chart

No. of Shareholders

CJ Gelatine Products Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 222111
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.05-4.050.480.720.72
Diluted EPS (Rs.) 0.05-4.050.480.720.72
Cash EPS (Rs.) 1.37-2.901.521.731.62
Book Value[Excl.RevalReserv]/Share (Rs.) 4.674.638.658.177.45
Book Value[Incl.RevalReserv]/Share (Rs.) 8.709.8315.0315.7216.18
Revenue From Operations / Share (Rs.) 85.7884.9676.4682.4281.09
PBDIT / Share (Rs.) 4.234.464.554.303.90
PBIT / Share (Rs.) 3.023.313.503.293.00
PBT / Share (Rs.) 0.39-5.340.660.840.81
Net Profit / Share (Rs.) 0.16-4.040.470.720.71
PBDIT Margin (%) 4.935.255.945.214.81
PBIT Margin (%) 3.523.894.583.993.70
PBT Margin (%) 0.46-6.270.861.021.00
Net Profit Margin (%) 0.19-4.760.620.870.88
Return on Networth / Equity (%) 3.55-87.445.508.819.65
Return on Capital Employeed (%) 8.119.789.799.3310.46
Return On Assets (%) 0.24-5.880.640.991.06
Long Term Debt / Equity (X) 5.164.232.402.391.68
Total Debt / Equity (X) 9.328.814.704.513.36
Asset Turnover Ratio (%) 1.251.191.051.181.23
Current Ratio (X) 1.691.481.501.541.36
Quick Ratio (X) 0.290.200.140.290.24
Inventory Turnover Ratio (X) 1.961.001.131.301.42
Interest Coverage Ratio (X) 1.611.571.601.761.79
Interest Coverage Ratio (Post Tax) (X) 1.061.621.171.291.33
Enterprise Value (Cr.) 28.0528.3830.3726.9918.13
EV / Net Operating Revenue (X) 0.670.690.820.680.46
EV / EBITDA (X) 13.7813.2213.8813.049.65
MarketCap / Net Operating Revenue (X) 0.170.210.290.230.17
Price / BV (X) 3.153.942.602.361.91
Price / Net Operating Revenue (X) 0.170.210.290.230.17
EarningsYield 0.01-0.220.020.030.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

CJ Gelatine Products Ltd. is a Public Limited Listed company incorporated on 20/09/1980 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24295MH1980PLC023206 and registration number is 023206. Currently Company is involved in the business activities of Manufacture of gelatine and its derivatives, resinoids, glues, prepared adhesives, including rubber-based glues and adhesives. Company's Total Operating Revenue is Rs. 41.29 Cr. and Equity Capital is Rs. 4.81 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - GelatineB-Shop No. 05, Ground Floor, 237, Mumbai Maharashtra 400015Contact not found
Management
NamePosition Held
Mr. Jaspal SinghManaging Director
Mr. Harman SinghExecutive Director
Mrs. Jasneet KaurWoman Executive Director
Mr. Harish PandeInd. Non-Executive Director
Mr. Satish MathurInd. Non-Executive Director
Mr. Rajesh DivetiaInd. Non-Executive Director

FAQ

What is the intrinsic value of CJ Gelatine Products Ltd and is it undervalued?

As of 19 April 2026, CJ Gelatine Products Ltd's intrinsic value is ₹13.02, which is 24.74% lower than the current market price of ₹17.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.80 %), book value (₹7.89), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of CJ Gelatine Products Ltd?

CJ Gelatine Products Ltd is trading at ₹17.30 as of 19 April 2026, with a FY2026-2027 high of ₹19.8 and low of ₹13.9. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8.32 Cr..

How does CJ Gelatine Products Ltd's P/E ratio compare to its industry?

CJ Gelatine Products Ltd has a P/E ratio of 139, which is below the industry average of 139.00. This is broadly in line with or below the industry average.

Is CJ Gelatine Products Ltd financially healthy?

Key indicators for CJ Gelatine Products Ltd: ROCE of 5.86 % is on the lower side compared to the industry average of 5.86%; ROE of 1.80 % is below ideal levels (industry average: 1.80%). Dividend yield is 0.00 %.

Is CJ Gelatine Products Ltd profitable and how is the profit trend?

CJ Gelatine Products Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹41 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does CJ Gelatine Products Ltd pay dividends?

CJ Gelatine Products Ltd has a dividend yield of 0.00 % at the current price of ₹17.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CJ Gelatine Products Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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