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Jolly Plastic IndustriesBOM:507968 +0.39%19 Current Ratio is 16.49 as of Mar. 2026, which is 4% above its 10-year median of 15.89. GuruFocus rates BOM:507968 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 1,606 Chemicals companies, Jolly Plastic Industries ranks better than 98.44% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Jolly Plastic Industries's current ratio for the quarter that ended in Mar. 2026 was 16.49.
Jolly Plastic Industries has a current ratio of 16.49. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Jolly Plastic Industries's Current Ratio or its related term are showing as below:
BOM:507968'
s Current Ratio Range Over the Past 10 Years
Min: 1.08 Med: 15.89 Max: 1540.45
Current: 16.49
During the past 13 years, Jolly Plastic Industries's highest Current Ratio was 1540.45. The lowest was 1.08. And the median was 15.89.
BOM:507968's Current Ratio is ranked better than 98.44% of 1606
companies
in the Chemicals industry
Industry Median: 1.88
vs BOM:507968: 16.49
Jolly Plastic Industries (BOM:507968) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Jolly Plastic Industries Current Ratio Related Terms
Jolly Plastic Industries Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:507968 vs LIN, SHW, ECL: Current Ratio Comparison
For the Specialty Chemicals subindustry, Jolly Plastic Industries's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jolly Plastic Industries Current Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Jolly Plastic Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Jolly Plastic Industries's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Jolly Plastic Industries (BOM:507968) has a Current Ratio of 16.49 as of Mar. 2026. This is near median its historical median of 15.89. Over the past decade, Jolly Plastic Industries' Current Ratio has ranged from 1.08 to 1,540.45. According to the industry distribution chart, Jolly Plastic Industries ranks #25 out of 1606 companies in the Chemicals industry, placing it in the top 1.6%.
Is Jolly Plastic Industries' Current Ratio too high?
Jolly Plastic Industries' current Current Ratio of 16.49 is near median its 10-year median of 15.89. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 1,540.45. The Chemicals industry median Current Ratio is 1.88. Jolly Plastic Industries' value of 16.49 is 777.1% above this industry median. Based on the distribution chart, Jolly Plastic Industries ranks #25 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Jolly Plastic Industries has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Jolly Plastic Industries' Current Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Jolly Plastic Industries ranks #25 out of 1606 companies for Current Ratio. This places Jolly Plastic Industries in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.88. Jolly Plastic Industries' value of 16.49 is 777.1% above this benchmark. Historically, Jolly Plastic Industries' own Current Ratio has ranged from 1.08 to 1,540.45 over the past decade. While the company's 10-year median is 15.89 vs. the industry median of 1.88, Jolly Plastic Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Chemicals company?
The median Current Ratio among Chemicals companies is 1.88, based on 1,606 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jolly Plastic Industries's current Current Ratio of 16.49 is 777.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median Current Ratio is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jolly Plastic Industries's current Current Ratio is 16.49, which is near median its own 10-year median of 15.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jolly Plastic Industries stock overvalued right now?
Jolly Plastic Industries (BOM:507968) has a current Current Ratio of 16.49. The current Current Ratio is 16.49, which is near median its 10-year median of 15.89 and 777.1% above the Chemicals industry median of 1.88. Jolly Plastic Industries' overall GF Score™ is 19/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Jolly Plastic Industries (BOM:507968), the current Current Ratio is 16.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Jolly Plastic Industries Ltd is a plastics trading company. It specializes in the trading of plastic, plastic-related materials, and PVC. The company is also engaged in dealing with electronic home appliances, goldsmiths, silversmiths, jewelers, commodities, and others. Geographically, all the operations function through the regions of India, and it derives revenue from the sale of products.
19GF Score
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