Jagatjit Industries Share Price

Jagatjit Industries Limited was incorporated in August 1944. The Company is mainly into the manufacture and sale of Liquor products and job work for food products. The Company operate manufacturing plants at Kapurthala (Punjab), and Behror (Rajasthan) and has contractual manufacturing units (CMU) in Telangana and Pondicherry. The main raw material of the Company is broken rice which is used to produce ENA. ENA is sold in market as such along with internal usage in Indian Made Foreign Liquor (IMFL) and Country Liquor (CL). Manufacturing policy of the Indian alcoholic spirit market is highly regulated by the States who control the alcoholic beverage industry. The Indian liquor industry has been experiencing challenges such as state policies with respect to import export from one state to the other, production constraints with respect to the pack sizes and type of packaging, price control and increasing state levies duties.Initially setting up a distillation/rectification plant to manufacture potable and nonpotable spirits, the Company took up production of carbon dioxide gas in 1947, and later on, moved to malt and maltextract products in 1963. The existing Promoter, L P Jaiswal, currently holds 37% in the Company.JILs liquor business is worth Rs 500 crore. It has in its fold wellknown whisky brands like Aristocrat, Black Velvet and Fotune Gold, all of which are in the popular price range. On the other end of its liquid portfolio, A glass division was added to the existing units with the amalgamation of Universal Glass with the company in Jan.80. In 198889, it launched Binnies potato chips and PET containers.On 15th May, 2017 the Company incorporated a wholly owned subsidiary company with the name of M/s. Yoofy Computech Private Limited. M/s LPJ Holdings Private Limited holds 83.90% voting rights in the Company i.e Jagatjit Industries Limited and by virtue of such holding, M/s Jagatjit Industries Limited was made subsidiary company of M/s LPJ Holdings Private Limited in 201819. In 201920, Company made investment by way of subscribing 100% equity shares of newly incorporated Company M/s Natwar Liquors Private Limited, consequently, it became wholly owned subsidiary of the Company.During 202021, capacity expansion for Malted Milk Food Division (MMF) was done with oven automation and change of vacuum system in order to increase capacity by around 4880 MT per annum. The Company launched IMFL Brand AC Black Pure Grain Whisky in Assam. It launched the prestigious Scotch Whisky KH8 Damn Good Scotch in Punjab, Andhra Pradesh and Rajasthan in 2021.The 200 KLPD grainbased ethanol plant has commenced commercial production in 2026.