JD ORGOCHEM LTD
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BSE Code:
524592
NSE Code:
JDORGOCHEM
Business Profile
Business Profile
JD Orgochem (JDORGO) is engaged in manufacturing and marketing agrochemical products and dyes. It was incorporated as a private limited company on Oct. 5, 1973, and later converted into a public limited company on Oct. 29, 1988. Earlier known as Jaysynth Dyechem, it got its present name on Jan. 27, 2004.
The company manufactures dyes and pigments, dye intermediates and fungicides. It markets its products under the brand names Reactofix and Terenix. The two plants are in Turbe and Patalganga in Maharashtra. Jaysynth Anthraquinones and Jaysynth (Europe) are subsidiary companies.
Through agents and distributors, the company exports more than 50% of its production to over 40 countries around the world. Major clients include the Birla group, Bombay Dyeing, Century Textile, Century Enka, JCT Mills, Khatau, Mafatlal group, Reliance, and Piramal group among others. The Board of Industrial and Financial Reconstruction (BIFR) have vide their order dated Feb. 05, 2007 filed the company as a sick industrial company.
The registered office is located at 301, Sumer Kendra, Mahindra Towers, Pandurang Budhkar Marg, Worli, Mumbai-400018.
Financials
JD Orgochem registered a profit of Rs 57.2 million for the year ended March 2008.
It recorded a net sales of Rs 10.6 million for the year ended March 2008.
Total income was Rs 13.8 million for the year ended March 2008.
The loss per share of the company stood at Rs 4.32 for the year ended March 2008.
Future Plans
The company is working out a revival package with the help and support of BIFR/ARGIL/SASF. The revival package may include induction of funds from strategic investors, sale of surplus assets, and restarting operation of its Patalganga plant.