---
title: "Jiwanram Sheoduttrai Industries Ltd (JIWANRAM) — Share Price, Financials & Analysis"
symbol: "JIWANRAM"
company: "Jiwanram Sheoduttrai Industries Ltd"
canonical: "https://tapetide.com/stocks/JIWANRAM"
isin: "INE0N5H01017"
nse_symbol: "JIWANRAM"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 10.89
generated_at: "2026-09-13T18:35:36.876Z"
---

# Jiwanram Sheoduttrai Industries Ltd (JIWANRAM)

Canonical page: https://tapetide.com/stocks/JIWANRAM

## Company

- **NSE Symbol:** JIWANRAM
- **ISIN:** INE0N5H01017
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-09-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jiwanramgroup.com

## About

Incorporated in 1997, Jiwanram Sheoduttrai Industries Limited manufactures Leather Gloves, Coats & other safety Items[1]

## Latest Price

- **Price:** ₹4.3
- **Change:** 0 (0%)
- **Open:** ₹4.4
- **Day High:** ₹4.4
- **Day Low:** ₹4.3
- **Previous Close:** ₹4.3
- **Volume:** 12000
- **As Of:** 2026-09-11T09:44:22+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:59.035330Z.

- **Market Cap:** ₹10.89 Cr
- **Classification:** SME
- **P/E (reported):** 10.5
- **Book Value:** ₹19.85
- **Price to Book:** 0.22
- **Dividend Yield:** 0%
- **ROE:** 3.52%
- **ROCE:** 4.37%
- **Debt to Equity:** 0.68
- **Revenue (yearly):** ₹53.87 Cr
- **Net Income:** ₹0.92 Cr
- **EBITDA:** ₹-0.46 Cr
- **52-Week High:** ₹8.3
- **52-Week Low:** ₹4.2
- **RSI (14):** 33.12

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 25.07 | 9% |
| growth | 35.27 | 9% |
| momentum | 27.33 | 12% |
| ownership | 50 | 24% |
| quality | 36.94 | 22% |
| valuation | 76.05 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.16 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.95% over last 3 years.
- Contingent liabilities of Rs.7.84 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.96 Cr.
- Company has high debtors of 409 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 170.57% | 114.69% | 217.18% |
| ebitda margin growth | -108.32% | -107.11% | -108.71% |
| net income growth | -60% | -37% | 15% |
| revenue growth | -3.29% | 8% | 12% |
| roce | 1.39% | -48.1% | 4.86% |
| roe | 26.62% | 4.89% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 17.59 | 25.46 | 18.77 | 35.13 | 11.1 | 42.77 |
| Expenses | 15.6 | 23.42 | 16.72 | 33.66 | 10.07 | 44.26 |
| Operating Profit | 1.99 | 2.04 | 2.05 | 1.47 | 1.03 | -1.49 |
| OPM % | 11.31 | 8.01 | 10.92 | 4.18 | 9.28 | -3.48 |
| Other Income | 0.38 | 0.53 | 0.57 | 0.71 | 0.8 | 3.16 |
| Interest | 1.12 | 0.91 | 1.08 | 0.9 | 0.85 | 0.91 |
| Depreciation | 0.29 | 0.38 | 0.29 | 0.23 | 0.24 | 0.2 |
| Profit before tax | 0.96 | 1.28 | 1.25 | 1.05 | 0.74 | 0.56 |
| Tax % | 28.12 | 17.97 | 27.2 | 32.38 | 12.16 | 33.93 |
| Net Profit | 0.69 | 1.06 | 0.91 | 0.71 | 0.65 | 0.36 |
| EPS in Rs | 0.28 | 0.43 | 0.37 | 0.29 | 0.26 | 0.15 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 33.64 | 24.01 | 22.94 | 30.52 | 34.08 | 42.32 | 43.05 | 53.9 | 53.87 |
| Expenses | 35.38 | 23.56 | 20.86 | 27.67 | 31.01 | 37.81 | 39 | 50.36 | 54.34 |
| Operating Profit | -1.74 | 0.45 | 2.08 | 2.85 | 3.07 | 4.51 | 4.05 | 3.54 | -0.47 |
| OPM % | -5.17 | 1.87 | 9.07 | 9.34 | 9.01 | 10.66 | 9.41 | 6.57 | -0.87 |
| Other Income | 6.55 | 3.68 | 0.82 | -0.18 | 1.43 | 3.65 | 0.91 | 1.27 | 3.96 |
| Interest | 3.71 | 3.12 | 1.87 | 1.88 | 1.79 | 1.9 | 2.04 | 1.99 | 1.75 |
| Depreciation | 1.08 | 0.86 | 0.8 | 0.64 | 0.58 | 0.65 | 0.67 | 0.53 | 0.44 |
| Profit before tax | 0.02 | 0.15 | 0.23 | 0.15 | 2.13 | 5.61 | 2.25 | 2.29 | 1.3 |
| Tax % | 2550 | 93.33 | 78.26 | 80 | 29.58 | 28.34 | 22.22 | 0.44 | 22.31 |
| Net Profit | -0.49 | 0.01 | 0.05 | 0.03 | 1.5 | 4.03 | 1.75 | 2.29 | 1.01 |
| EPS in Rs | -0.99 | 0.02 | 0.1 | 0.06 | 3.03 | 2.33 | 0.71 | 0.93 | 0.41 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 17.33 | 24.75 | 24.75 | 24.75 |
| Reserves | 38.89 | 38.61 | 38.38 | 38.12 | 39.33 | 30.7 | 38.24 | 40.24 | 40.97 |
| Borrowings | 49.65 | 43.7 | 46.09 | 48.87 | 52.31 | 52.61 | 47.19 | 44.63 | 44.53 |
| Other Liabilities | 50.44 | 46.5 | 45.63 | 28.66 | 17.18 | 20.49 | 16.18 | 26.58 | 44.17 |
| Total Liabilities | 143.93 | 133.76 | 135.05 | 120.6 | 113.77 | 121.13 | 126.36 | 136.2 | 154.42 |
| Fixed Assets | 34.55 | 33.41 | 29.85 | 27.92 | 27.32 | 26.47 | 25.69 | 22.03 | 21.38 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.6 | 0.6 | 0.6 |
| Investments | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.03 | 0.03 | 0.03 | 0.03 |
| Other Assets | 108.67 | 99.64 | 104.49 | 91.97 | 85.74 | 94.03 | 100.04 | 113.54 | 132.41 |
| Total Assets | 143.93 | 133.76 | 135.05 | 120.6 | 113.77 | 121.13 | 126.36 | 136.2 | 154.42 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 12.49 | 7.33 | -2.62 | -2.62 | -5.57 | 1.43 | -4.35 | 3.07 | 2.95 |
| Cash from Investing Activity | 0.94 | 5.51 | 1.21 | 1.21 | -0.16 | 0.1 | -0.1 | 3.01 | 0.01 |
| Cash from Financing Activity | -13.78 | -12.88 | 2.83 | 2.83 | 5.09 | -1.38 | 4.47 | -6.54 | -1.82 |
| Net Cash Flow | -0.36 | -0.04 | 1.42 | 1.42 | -0.64 | 0.15 | 0.02 | -0.46 | 1.14 |
| Free Cash Flow | 12.86 | 7.33 | 0.21 | 0.21 | -5.79 | 0.79 | -4.52 | 5.36 | 2.87 |
| CFO/OP | -718 | 1649 | -123 | -90 | -180 | 37 | -91 | 91 | -681 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 579.73 | 803.27 | 820.85 | 506.24 | 369.82 | 374.14 | 318.88 | 325.18 | 409.04 |
| Inventory Days | 430.63 | 576.33 | 918.58 | 525.14 | 511.18 | 375.44 | 441.04 | 369.75 | 337.36 |
| Days Payable | 511.64 | 681.04 | 1048.46 | 460.04 | 113.81 | 103.72 | 64.21 | 114.52 | 223.54 |
| Cash Conversion Cycle | 498.72 | 698.56 | 690.97 | 571.33 | 767.19 | 645.86 | 695.71 | 580.41 | 522.86 |
| Working Capital Days | 359.57 | 579.65 | 590.46 | 503.13 | 544.39 | 491.96 | 581.03 | 486.22 | 480.32 |
| ROCE % | — | 1.69 | 3.5 | 4.97 | 2.73 | 7.64 | 4.07 | 4.4 | 2.77 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 70.01% | 70.01% | 70.01% | 70.01% | 67.12% | 64.04% | 64.04% | 64.04% | 64.04% | 64.04% | 64.04% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.07% | 0.02% | 0.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 25.72% | 26.72% | 27.11% | 25.8% | 28.68% | 31.64% | 31.35% | 31.64% | 31.83% | 31.81% | 31.81% |
| Others | 0% | 4.27% | 3.27% | 2.89% | 4.2% | 4.2% | 4.32% | 4.61% | 4.32% | 4.05% | 4.12% | 4.12% |
| No. of Shareholders | 7 | 7 | 922 | 904 | 841 | 879 | 892 | 872 | 882 | 873 | 855 | 855 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4.35 | Sell |
| EMA (10) | 4.38 | Sell |
| SMA (20) | 4.62 | Sell |
| EMA (20) | 4.57 | Sell |
| SMA (50) | 5.05 | Sell |
| EMA (50) | 4.91 | Sell |
| SMA (100) | 5.21 | Sell |
| EMA (100) | 5.27 | Sell |
| SMA (200) | 5.92 | Sell |
| EMA (200) | 6.19 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.12 | Neutral |
| MACD (12,26,9) | -0.24 | Sell |
| Stochastic (14,3,3) | 4.94 | Buy |
| ADX (14) | 9.59 | Neutral |
| Williams %R (14) | -92.59 | Buy |
| ATR (14) | 0.16 | High Volatility |
| ROC (12) | -8.51 | Sell |
| Stoch RSI (14) | 28.53 | Neutral |
| UO (7,14,28) | 18.6 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - Promoters declared no encumbrance on JSIL shares during FY 2025-26. | [Disclosure under SEBI Takeover Regulations 8 May 2026 - Promoters declared no encumbrance on JSIL shares during FY 2025-26.](https://nsearchives.nseindia.com/corporate/team_bbodade_17042026155302_JIWANRAM.pdf) |
| 30 May 2026 - Announces non-applicability of certain SEBI LODR provisions for FY2026 on NSE Emerge SME platform. | [Updates 30 May 2026 - Announces non-applicability of certain SEBI LODR provisions for FY2026 on NSE Emerge SME platform.](https://nsearchives.nseindia.com/corporate/JIWANRAM_30052026150239_JSILNonApplicatibilityLODRProvisions.pdf) |
| 30 May - Jiwanram Sheoduttrai Industries Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 30 May - Jiwanram Sheoduttrai Industries Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/JIWANRAM_ROID_89213_KMP_Doc.zip) |
| 30 May - Board approved FY26 audited standalone results; Mr. Apurva Kumar Sinha resigned as independent director effective 30 May 2026. | [Outcome of Board Meeting 30 May - Board approved FY26 audited standalone results; Mr. Apurva Kumar Sinha resigned as independent director effective 30 May 2026.](https://nsearchives.nseindia.com/corporate/JIWANRAM_30052026161228_JSILOutcomeofBoardMeeting30052026.pdf) |
| 30 May - Board approved FY26 audited results, noted Apurva Kumar Sinha’s resignation, and reported no debt default or IPO balance. | [Statement of deviation(s) or variation(s) under Reg. 32 30 May - Board approved FY26 audited results, noted Apurva Kumar Sinha’s resignation, and reported no debt default or IPO balance.](https://nsearchives.nseindia.com/corporate/JIWANRAM_30052026161656_JSILOutcomeofBoardMeeting30052026.pdf) |
| 30 May - Board approved audited FY2026 results; Mr. Apurva Kumar Sinha resigned as independent director from 30 May 2026. | [Outcome of Board Meeting 30 May - Board approved audited FY2026 results; Mr. Apurva Kumar Sinha resigned as independent director from 30 May 2026.](https://nsearchives.nseindia.com/corporate/JIWANRAM_30052026161459_JSILOutcomeofBoardMeeting30052026.pdf) |
| 29 January 2026 - Certificate under Reg 74(5) confirming compliance for quarter ended 31-Dec-2025; no physical securities received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 29 January 2026 - Certificate under Reg 74(5) confirming compliance for quarter ended 31-Dec-2025; no physical securities received.](https://nsearchives.nseindia.com/corporate/JIWANRAM_29012026135238_JSILDPRegQEDec2025.pdf) |
| 20 Jul - Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 20 Jul - Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/JIWANRAM_20072026145758_JSILComplianceDPRegJune2026.pdf) |
| 17 April 2026 - Regulation 74(5) compliance certificate filed for quarter ended 31 March 2026; no physical folios received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 17 April 2026 - Regulation 74(5) compliance certificate filed for quarter ended 31 March 2026; no physical folios received.](https://nsearchives.nseindia.com/corporate/JIWANRAM_17042026144218_Jiwanram_DP_regulation_QE_March_2026.pdf) |
| 14 November 2025 - Board approved unaudited standalone results for half-year ended 30 Sep 2025; limited review report enclosed. | [Outcome of Board Meeting 14 November 2025 - Board approved unaudited standalone results for half-year ended 30 Sep 2025; limited review report enclosed.](https://nsearchives.nseindia.com/corporate/JIWANRAM_14112025174813_JiwanramBMFinancialsHYSep2025OutcomeBM14112025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28110_JIWANRAM_2024_2025_A_13002949_02092025083749.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25407_JIWANRAM_2023_2024_02092024135612.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:35:36.876Z.