About Jolly Board Limited
Jolly Board Limited is the largest construction board manufacturer and exporter in India, incorporated on 10 December 1956. The Company offers bitumen impregnated, soft boards, certification, and ceiling tiles. Jolly Board serves customers worldwide and meets both industrial and domestic requirements. The company exports 80% of its production. The company has four mills for the production of Softboard, Bitumen Impregnated Softboard, and mineral wool board. These four units produce 1,00,000 cubic meters of Soft Board annually.
The company’s product range includes Plain Softboard, Laminated Softboard, Specialized Building materials, Bitumen Impregnated Softboard, Painted Softboard in various thicknesses, and multiple surface textures. The company also offers products like non-combustible and acoustical ceiling tiles.
Jolly board’s quality products are processed mostly from agro-waste thus, conserve valuable natural resources. These agro waste products have been declared environment friendly by the Government of India due to which it enjoys full excise exemptions
10th December 1956
Category/Sub-category of the Company
Company limited by shares
Address of the Registered office and contact details
501 Rewa Chambers,
31 Sir V. Thackersey Marg, Mumbai 400020
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Private Limited,
C-101 247 Park, LBS Marg, Vikroli West, Mumbai 400083
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Real Estate activities
BOARD OF DIRECTOR
Arvind Jolly (Chairman and Managing Director)
Rashmi Jolly (Vice-Chairperson and Executive Director)
Arjun Jolly (Joint Managing Director)
Jimmy Pochkhanawalla (Independent Director)
Dr.Kewal K. Nohria (Independent Director)
Ashish Vaid (Independent Director)
P.K. Dasgupta (Director)
Anil Shinde (Whole Time Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
Jolly Exports Private Limited
JOLLY BOARD LIMITED SHARES DETAILS
Total Available Shares:
Rs. 100 Per Equity Share
Last Traded Price
Rs. 545.60 Crore
(As on 31-03-2021)
Number of shares
% of total Shares of the company
Jolly Exports Private Limited (Promoter)
Arvind Govindram Jolly (Promoter)
Arjun Arvind Jolly (Promoter)
The Indian particle board market was worth over USD 720 million in 2020, and the market is projected to register more than 11.5% CAGR during the forecast period (2021-2026).
COVID-19 impact on the furniture industry was severe. From January 2020 - September 2020, the gross absorption of commercial office fell by 46% year on year to 22.5 million sq. ft due to lockdown in the country, thus impact the furniture market in the commercial sector.
Due to the nationwide lockdown, construction work in the country has come to a standstill to combat the COVID-19 pandemic kicking in, triggering concerns that the companies would hurt revenues and may even incur losses in some projects. However, the condition is expected to recover in the coming year, thereby restoring the growth trajectory of the market studied.
After growing at a CAGR of 9.1% during 2020-2025, Ceiling Tiles Market is forecast to reach $8.60 billion by 2025. The ceiling tiles market is driven by extensive building and construction activities. The other megatrend which is transforming the building and construction industry is the population outbreak in the urban areas that need affordable housing.
In the long term, the factor driving the market studied is the increasing demand for furniture in the office space and hospitality sectors. International hotels are expanding their presence in the country and are likely to account for around 47% of the Indian tourism and hospitality sector.
PROFIT & LOSS STATEMENT OF JOLLY BOARD LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF JOLLY BOARD LIMITED (In Rs. Lakhs)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Loans and advances
TOTAL NON CURRENT ASSETS
Cash and Cash Equivalents
Loans and advances
Other Current Assets
TOTA CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
Deferred tax liability (net)
Other noncurrent liabilities
TOTAL NON CURRENT LIABILITIES
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company in FY 2020 was Rs. 6,339.81 Lakhs, as against Rs. 7,478.32 Lakhs in FY 2019. Revenue from Operations of the company decreased by 15.22%.
EBITDA of the company turned from a profit of Rs. 182.92 Lakhs in FY 2019 to a loss of Rs. 528.05 Lakhs in FY 2020.
In FY 2019, the company incurred a profit of Rs. 1,810.18 Lakhs. In FY 2020 the company made a profit of Rs. 2,266.98 Lakhs, i.e. an increase of 25.24%.
The current Ratio of the company as of 31st March 2020 was 4.12.
The debt to Equity ratio as of 31st March 2020 was 0, as the company does not have any borrowings.
Book value per equity share of the company as of 31st March 2020 stood at Rs. 5097.29.
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