Jg Chemicals Limited · NSE:JGCHEM
Jg Chemicals — Q2/H1 FY27 Earnings Presentation
30 slides from Jg Chemicals's earnings presentation, Nov 3, 2026
Slide 1: Exchange cover letter for earnings presentation
3rd November, 2026 To, To, The Manager, The General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd, BSE Ltd., Exchange Plaza, 1st Floor, New Trading Ring, Plot No. – C – 1, G Block, Rotunda Building, Bandra – Kurla Complex, P.J. Towers, Bandra (Ea
Slide 2: Earnings Presentation Q2/H1 – FY27
Earnings Presentation Q2/H1 – FY27
Slide 3: India's Largest Zinc Recycling Company
India’s Largest Zinc Recycling Company JG Chemicals Limited (JGCL), incorporated in 1975, is the largest manufacturer of Zinc Oxide in India. Revenue Segmentation The company started off with a small plant in Kolkata in 1975 with a capacity of about 600 MTPA, and has today scaled up to become am
Slide 4: Business Model: Driving the Circular Zinc Value Chain
Business Model: Driving the Circular Zinc Value Chain 01 ZINC DROSS & ZINC ASH 02 RECYCLING & PROCESSING 03 ZINC CHEMICALS 04 DIVERSE END-USE INDUSTRIES Recycled Raw Materials Proprietary In-house Technology Customized & High-Purity Products Tyres & Rubber Zinc Dross / Scrap Pharmaceuticals & Zinc O
Slide 5: Geographical Presence
Geographical Presence Europe SAARC and ASEAN Countries Plant 1, West Bengal India Plant 2, West Bengal Constitutes Naidupeta, Andhra 99.25% Pradesh of total exports Australia from India • Direct customer relations – Over 95% of sales are directly to end customers, helps build strong relations. Domes
Slide 6: Marquee Clients
Marquee Clients 5 Investor Presentation
Slide 7: Manufacturing plants
Manufacturing plants West Bengal Naidupeta, Andhra Pradesh Plant 1: Jangalpur The only IATF approved ZnO facility globally and also has WHO Capacity: GMP certification (amongst the very few plants globally to have 14,400 MTPA for Zinc Oxide this). 5,040 MTPA for Recycled Zinc Ingots Capacity: 43,704
Slide 8: Dahej Project: Update
Dahej Project: Update State-of-the-art Greenfield Facility at Dahej, Gujarat 11.43 40,000+ Rs. 100 Cr Rs. 900 Cr Q3FY27 Acres MTPA Investment Revenue Commissioning Land Acquired Capacity Potential Timeline A Strategic Growth Platform Strengthen presence in Western India to cater to high-growth end-u
Slide 9: Environmentally Friendly Manufacturing Process
Environmentally Friendly Manufacturing Process Environmentally Friendly Manufacturing Process Use of recycled/ secondary zinc instead of primary Zinc Using recycled metal instead of finite virgin ores JGCL is the largest zinc recycling company in India. Our business 73% 82% exemplifies circular econ
Slide 10: Diversification of Product Pool to Aid Margins
Diversification of Product Pool to Aid Margins JG is gradually diversifying into higher-margin products and expanding into ceramics, As on FY26, Rubber industry contributes ~84% of JG’s pharmaceuticals, agriculture, and electronics. revenue Expansion plans across high-potential product segments Phar
Slide 11: Leading Market Position With Diversified Customer Base
Leading Market Position With Diversified Customer Base ZnO is a highly versatile chemical, it is used is for various industries with 90+ grades sold for a wide spectrum of industrial applications requiring high customization to manufacture from zinc scrap making it a complex manufacturing process ha
Slide 12: New Product Launches: The Journey Begins
New Product Launches: The Journey Begins Increased Focus on R&D and Growth of Product Portfolio Patent Advanced stages of securing a patent for a rubber curing activator jointly developed with IIT Kharagpur, offering improved processability, superior cure characteristics, and easy handling through a
Slide 13: Key Strengths
Key Strengths JGCL has a very Only IATF certified facility strong brand recall, (Naidupeta) in India & image and goodwill 9 out of Top 10 global Sell over 90 grades obtained licenses to mfg. amongst the and Top 11 domestic of ZnO as per ZnO in with IPBP/USP/ customers which it has Tyre manufacturers
Slide 14: High Entry Barriers in the Industry
High Entry Barriers in the Industry Long drawn process for Customer Approvals Strong Sourcing Network of Zinc Scrap Stringent Regulatory Approvals On an average it takes about 4 to 5 years minimum The procurement of zinc scrap, which is recycled by Various licenses like IATF, WHO GMP and others to g
Slide 15: Structural Moat Against China
Structural Moat Against China FEEDSTOCK PARITY 01 No threat from China, as Zinc Oxide prices are determined by Zinc prices on the LME; hence, it has no competitive edge in feed-stock price QUALITY CONSISTENCY CHALLENGE 02 Consistency in purity and grade reliability remains a challenge for many Chine
Slide 16: LME-Linked Pricing: Creates a Natural Hedge & Neutral to Zinc Prices
LME-Linked Pricing: Creates a Natural Hedge & Neutral to Zinc Prices Input: Monthly LME-Linked Procurement Zinc dross/scrap is procured on a spot or monthly-average LME zinc price basis; domestic scrap is linked to Hindustan Zinc Ltd. (HZL) rates, maintaining LME linkage across both imported and dom
Slide 17: Zinc Scrap comes in different size, shapes and quality
Zinc Scrap comes in different size, shapes and quality Zinc Dross/Scrap is a highly complex metal to process and handle while ensuring highest efficiencies 16 Investor Presentation
Slide 18: Future Growth Strategies
Future Growth Strategies Expand Product Portfolio Deeper Penetration in Domestic Markets Ramp-up of Zinc Sulphate Business Expansion to New Geographies Diversify Customer Applications in End-user Industries 17 Investor Presentation
Slide 19: Q2/H1-FY27 Financial Performance
Q2/H1-FY27 Financial Performance 18 Investor Presentation
Slide 20: Financial Highlights
Financial Highlights Q2-FY27 FINANCIAL HIGHLIGHTS H1-FY27 FINANCIAL HIGHLIGHTS Revenue From Revenue From Operations EBITDA EBITDA Margin Operations EBITDA EBITDA Margin INR 3,610 Mn INR 387 Mn 10.72% INR 6,767 Mn INR 749 Mn 11.07% PAT PAT Margin Basic/Diluted EPS PAT PAT Margin Basic/Diluted EPS INR
Slide 21: Q2-FY27 Operational Highlights
Q2- FY 27 Operational Highlights Best-Ever Quarter Builds on Q1 Record; Strong Momentum for FY27: JGC delivered its best-ever quarterly performance in Q2 FY27, surpassing the record established in Q1. Revenue, EBITDA and PAT each reached new quarterly highs, supported by strong demand across end- us
Slide 22: Q2-FY27 Operational Highlights
Q2- FY 27 Operational Highlights Raw Material Security Backed by a Strong Global Network: Despite continued volatility in global supply chains, JGC’s goodwill, long-standing supplier relationships, scale and financial strength ensured uninterrupted zinc raw material supply, supporting sales growth a
Slide 23: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q2-FY27 Q2-FY26 Y-o-Y Q1-FY27 Q-o-Q Revenue from Operations 3,610 2,203 63.9% 3,157 14.3% Other Income 6 39 (84.6%) 27 (77.8%) Total Income 3,616 2,242 61.3% 3,184 13.6% Total Expenses 3,229 2,023 59.6% 2,821 14.5% EBITDA* 387 219 76.7% 363 6.6% E
Slide 24: Half Yearly Financial Performance
Half Yearly Financial Performance Particulars (INR Mn) H1-FY27 H1-FY26 Y-o-Y Revenue from Operations 6,767 4,383 54.4% Other Income 33 73 (54.8%) Total Income 6,800 4,456 52.6% Total Expenses 6,051 4,005 51.1% EBITDA* 749 451 66.1% EBITDA Margins (%) 11.07% 10.29% 78 Bps Depreciation and Amortizatio
Slide 25: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 H1- FY27 Revenue from Operations 6,677 8,479 9,729 6,767 Other Income 77 100 158 33 Total Income 6,754 8,579 9,887 6,800 Total Expenses 6,224 7,618 8,909 6,051 EBITDA* 530 961 978 749 EBITDA Margins (%) 7.94% 11.33% 10.05% 11.07% Deprec
Slide 26: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY25 FY26 H1-FY27 Particulars (INR Mn) FY25 FY26 H1-FY27 EQUITY 4,746 5,411 5,978 NON-CURRENT ASSETS 539 903 1246 Share Capital 392 392 392 (a) Property, plant & equipment 389 672 879 Other Equity 4,255 4,892 5,437 (b) Capital Work-in-progress 11 78 119
Slide 27: Financial Highlights
Financial Highlights OPERATIONAL REVENUE (INR Mn) EBITDA (INR Mn) & EBITDA MARGIN NET WORTH (INR Mn) (%) 5,779 9,729 5,235 8,479 11.3% 10.1% 4,598 6,677 6,767 11.1% 3,935 7.9% 961 978 749 530 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 26 Investor Presentation
Slide 28: Capital Market Information
Capital Market Information Shareholding Pattern (As On 30th September, 2026) Market Data (INR) (As on 30th September, 2026) AIF, 2.13% FII, 3.77% Public, 23.11% Face Value 10.00 Promoters, 70.99% CMP 645.10 52 Week H/L 694.90/300 Marquee Shareholders MASSACHUSETTS INSTITUTE OF TECHNOLOGY 2.62% Marke
Slide 29: Disclaimer
Disclaimer JG Chemicals Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events no
Slide 30: Thank You
Thank You 29 Investor Presentation