Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ZODIAC-JRD-MKJ LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Operates through a 90%-owned subsidiary, VEM Plastic Molding Private Limited, which manufactures plastic components for the automotive sector and was classified as a material subsidiary in FY26 after acquiring the business of VIM Tooling (India) through a Business Transfer Agreement. VEM secured purchase orders of approximately Rs. 13 crore: a Rs. 10 crore order from Sipradi Yatri P. Ltd. in Nepal to manufacture plastic panels for the Yatri P-2 scooter, and a Rs. 3 crore three-year contract from Magna Automotive India to supply plastic parts for the Tata Sierra and other Tata SUVs, generating Rs. 3 crore annually. Consolidated FY26 revenue was Rs. 45.2589 crore with net profit of Rs. 3.863 crore; the subsidiary contributed Rs. 2,081.96 lakhs of revenue and Rs. 99.28 lakhs of net profit, while the standalone parent generated Rs. 2,835.33 lakhs of revenue. The FY26 cost mix was 25.6% materials, 11.6% employees, 7.3% other operating expenses, and 3.7% depreciation, with capex at 67.6% of revenue. The statutory auditor issued a qualified opinion on FY26 results citing unverified bank balances of Rs. 40,436, incomplete GST reconciliation, and non-compliance with Ind AS 19 for employee retirement benefits. The parent's underlying standalone product line is not detailed in the filings, though the company is classified under Gems, Jewellery and Watches. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. VEM Plastic Molding subsidiary (automotive plastic components), Standalone parent operations. Small-cap BSE-listed holding entity with automotive plastic molding subsidiary; FY26 standalone operating cash flow was negative at Rs. 1,173.51 lakhs due to working capital build-up
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY26
Revenue
45
EBITDA (ex other income)
4
margin %
9.5
Owners' profit
4
EPS, as reported (₹)
3.97
ROE % · ROCE %
4.0 · 6.0
Debt / equity (x)
0.06
Cash from operations
2
Capex
(31)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ZODIAC-JRD-MKJ LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 4 quarters
₹ crore
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Revenue
13
10
14
8
Profit before tax
0
1
0
4
Net profit
0
1
0
3
EPS (₹)
2.58
0.49
0.16
2.80
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
KHAZANCHI JEWELLERS LTD
1,792
12.6
5.61
—
28.0
37.7
—
6.8
UDAY JEWELLERY INDS. LTD.
753
28.5
3.63
—
17.2
23.1
—
8.3
PNGS GARGI FASHION JEWELLERY L
540
11.4
3.81
—
22.1
27.0
—
30.4
KD GREEN INDUSTRIES LTD
284
18.1
3.95
31.7
7.0
8.6
—
16.5
GOLKUNDA DIAMONDS & JEWELLERY
246
18.0
3.07
—
17.1
20.7
—
9.0
AJC Jewel Manufacturers Limite
198
47.5
—
—
—
28.7
—
—
ASHAPURI GOLD ORNAMENT L
192
9.3
1.15
—
11.1
15.0
—
11.4
Patdiam Jewellery Limited
147
7.8
—
—
—
—
—
—
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
4.6
12.9
12 of 47
76%
P/B
0.3
1.0
3 of 37
92%
ROCE
5.3
4.7
25 of 50
51%
ROE
4.0
2.3
17 of 37
56%
Debt / Equity
0.1
0.1
19 of 37
50%
EBITDA margin
48.0
6.8
5 of 35
88%
Market cap
31
25
24 of 54
57%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ZODIAC-JRD-MKJ LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
26 Oct 2026 · Board to approve September 2026 quarter and half-year results
results
low
—
—
14 Oct 2026 · Routine filing: RTA confirmation under SEBI Reg 74(5) for Q2 FY27
22 Aug 2026 · Newspaper advertisement filed for 39th AGM notice
compliance
minimal
—
—
21 Aug 2026 · Book closure Sept 17-24, 2026 for 39th AGM on Sept 24
board shareholder meetings
medium
—
—
21 Aug 2026 · Book Closure and Record Date Notice for 39th AGM on 24 September 2026
board shareholder meetings
low
—
—
21 Aug 2026 · AGM Sept 24: Capital Hike to 27 Crore and New ESOP Plan on Agenda
board shareholder meetings
low
—
—
21 Aug 2026 · Annual Report FY25-26 filed; 39th AGM on Sept 24, 2026
compliance
minimal
—
—
13 Aug 2026 · Newspaper ad of Q1 FY27 unaudited financial results
compliance
minimal
—
—
7 Aug 2026 · Zodiac-JRD-MKJ proposes rights issue of up to Rs 40 crore
corporate actions
high
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
