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Jolly Plastic Industries Ltd: When a 6,097 P/E Meets 0.04% Promoter Faith

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1. At a Glance

Jolly Plastic is that company where even the name sounds like a joke investors didn’t get. Trading at a P/E of 6,097 with ROE of 0.29%, it’s basically a financial black hole with a colourful wrapper. Sales falling 60% over five years, but hey—stock’s at ₹183. Bollywood scripts have more logic.


2. Introduction with Hook

Picture this: a plastic toy car with a Ferrari price tag. That’s Jolly Plastic. It’s in everything—electronics, jewellery, loans, trading—basically, the startup that never stops pivoting. Two spicy stats:

  • Sales down 60% in 5 years.
  • Promoter holding: 0.04% (less faith than your neighbor’s WhatsApp tips).

This isn’t diversification; this is corporate midlife crisis.


3. Business Model (WTF Do They Even Do?)

They do trading, investments, unsecured loans, corporate loans, and random third-party product distribution. Basically, they’ll sell you a toaster today, give you a loan tomorrow, and ask for an IPO day after. It’s less of a business model and more of a “throw spaghetti at the wall and see what sticks.”


4. Financials

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Read Full 16 Point breakdown. Continue reading →