J.G. Chemicals Limited, along with its subsidiary BDJ Oxides Private Limited, is a part of the BDJ Group, promoted by the Jhunjhunwala family who have been involved in trade and industry for over 90 years. The company has been producing zinc oxide since its inception in 1975, establishing itself as a pioneer in the industry.
Currently, J.G. Chemicals holds the position of India's largest zinc oxide manufacturer, commanding a significant 30% market share. Globally, the company ranks among the top-5 producers, employing the widely adopted French process technology. This dominant production technology is utilized by all major zinc oxide manufacturers across the Americas, Europe, and Asia.
The company began with a small plant in Kolkata in 1975, with an initial capacity of approximately 600 MTPA. Over the years, driven by a vision to become an industry leader, J.G. Chemicals has expanded its operations significantly. The company now boasts an installed capacity of 60,000 MTPA of zinc oxide and operates three state-of-the-art manufacturing facilities. These facilities are strategically located in Jangalpur and Belur in Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh.
J.G. Chemicals produces more than 80 grades of zinc oxide, marketed under the brand "LUXMI," which is recognized for its quality and reliability. The company has installed a dedicated production line at the Naidupeta plant of BDJ Oxides Pvt Ltd to produce Zinc Oxide IP/BP/USP/Eu. Phr and Zinc Oxide Gold Seal grade. This facility adheres to all GMP requirements and possesses the necessary licenses to cater specifically to the pharmaceutical industry, alongside other specialty chemicals and plasticizers. All manufacturing facilities are ISO 45001:2018 and ISO 14001:2015 certified, and ISO 9001:2015 accredited, underscoring the company's commitment to quality and environmental standards.
The company's diverse product portfolio caters to a wide array of industrial applications. Zinc oxide from J.G. Chemicals is utilized in sectors such as:
- Ceramics
- Paints and coatings
- Pharmaceuticals and cosmetics
- Electronics and batteries
- Agrochemicals and fertilizers
- Specialty chemicals
- Lubricants
- Oil and gas
- Animal feed
From an initial customer base of around 10, the company now serves over 300 customers worldwide, including more than 200 local and 50 international clients across more than 10 countries. Its customer list includes industry leaders from auto-tyres, tubes, beltings, other rubber goods manufacturers, glassware, ceramics, lubricants, paints, pharmaceuticals, cosmetics, electronics, and agricultural sectors. The company's R&D team continuously collaborates with customers to develop tailor-made products, meeting specific industrial needs.
J.G. Chemicals has demonstrated robust financial growth. The company successfully went public in March 2024 with an IPO priced at ₹221 per share, raising ₹251.19 crores. Currently, the market capitalization stands at ₹1,961 crore. The company has also made significant strides in financial management, having reduced its debt and is now almost debt-free, indicating a strong balance sheet. The board recommended a 10% final dividend, with the Annual General Meeting (AGM) scheduled for August 12, 2025.
- FY2024-25 (Full Year Performance):
- Net Profit: ₹64.02 crore (up 107.45% from ₹30.86 crore in FY2023-24)
- Sales: ₹847.94 crore (up 27.00% from ₹667.69 crore in FY2023-24)
- Q4 FY2024-25 Performance (Quarter ended March 2025):
- Net Profit: ₹15.35 crore (up 17.27% from ₹13.09 crore in Q4 FY2023-24)
- Sales: ₹224.25 crore (up 23.65% from ₹181.36 crore in Q4 FY2023-24)
- Q3 FY2024-25 Performance (Quarter ended December 2024):
- Net Profit: ₹16.97 crore (up 66.05% from ₹10.22 crore in Q3 FY2023-24)
- Sales: ₹209.08 crore (up 29.61% from ₹161.32 crore in Q3 FY2023-24)
- Q2 FY2024-25 Performance (Quarter ended June 2024):
- Net Profit: ₹15.20 crore (up 300.00% from ₹3.80 crore in Q2 FY2023-24)
- Sales: ₹202.53 crore (up 17.51% from ₹172.35 crore in Q2 FY2023-24)
J.G. Chemicals Limited stands as a clear market leader in India's zinc oxide manufacturing sector. Its strong foundation, built over nearly five decades of operations, combined with a diversified customer base and continuous focus on innovation and quality enhancement, positions the company for sustained growth. The promoters of the company are Suresh Jhunjhunwala, Anirudh Jhunjhunwala, and Anuj Jhunjhunwala, guiding its strategic direction. With robust financial performance and a commitment to operational excellence, J.G. Chemicals is poised to maintain and strengthen its dominant position in the specialty chemicals market.
