Jyoti Ltd
Jyoti Limited, incorporated in 1943,
is a Vadodara-based manufacturer
of engineered pumps /pumping systems,
motors and generators, hydel equipment, medium-voltage switchgear and electro-mechanical relays for water, irrigation and
power applications.[1]
- Market Cap ₹ 135 Cr.
- Current Price ₹ 58.6
- High / Low ₹ 102 / 48.5
- Stock P/E 8.25
- Book Value ₹ -14.7
- Dividend Yield 0.00 %
- ROCE 13.6 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 55.0% CAGR over last 5 years
Cons
- Promoter holding is low: 24.2%
- Contingent liabilities of Rs.166 Cr.
- Promoters have pledged 97.4% of their holding.
- Company has high debtors of 220 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 237 | 215 | 269 | 260 | 170 | 107 | 115 | 120 | 155 | 175 | 245 | 277 | 282 | |
| 263 | 210 | 247 | 242 | 167 | 113 | 110 | 114 | 145 | 163 | 227 | 253 | 257 | |
| Operating Profit | -26 | 5 | 22 | 18 | 3 | -6 | 5 | 6 | 10 | 13 | 18 | 24 | 25 |
| OPM % | -11% | 2.1% | 8% | 7% | 1.9% | -5% | 4.7% | 4.9% | 6% | 7% | 7% | 9% | 9% |
| 3 | 4 | -60 | -4 | 1 | 4 | 4 | 9 | 2 | 2 | 2 | 5 | 3 | |
| Interest | 76 | 79 | 75 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 14 | 14 | 11 | 10 | 10 | 9 | 8 | 7 | 7 | 6 | 5 | 5 | 5 |
| Profit before tax | -113 | -84 | -124 | 0 | -7 | -13 | -1 | 6 | 3 | 7 | 13 | 22 | 23 |
| Tax % | 0% | -1% | -0% | -461% | -16% | -9% | -174% | 76% | -23% | -11% | -4% | 20% | |
| -114 | -83 | -124 | 1 | -6 | -12 | 0 | 1 | 4 | 8 | 14 | 18 | 17 | |
| EPS in Rs | -66.29 | -48.34 | -72.33 | 0.59 | -2.42 | -5.25 | 0.19 | 0.63 | 1.81 | 3.60 | 5.85 | 7.70 | 7.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 55% |
| 3 Years: | 18% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 43% |
| 3 Years: | -1% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | -160 | -242 | -366 | -364 | -334 | -346 | -325 | -101 | -97 | -89 | -75 | -57 |
| 578 | 605 | 618 | 583 | 525 | 521 | 477 | 271 | 255 | 242 | 221 | 209 | |
| 224 | 226 | 293 | 270 | 231 | 203 | 178 | 101 | 94 | 98 | 137 | 137 | |
| Total Liabilities | 659 | 606 | 562 | 506 | 444 | 401 | 353 | 294 | 275 | 274 | 306 | 313 |
| 110 | 97 | 89 | 82 | 73 | 65 | 57 | 47 | 41 | 37 | 35 | 35 | |
| CWIP | 34 | 34 | 32 | 29 | 26 | 26 | 15 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 514 | 473 | 439 | 394 | 344 | 309 | 280 | 245 | 233 | 236 | 270 | 277 | |
| Total Assets | 659 | 606 | 562 | 506 | 444 | 401 | 353 | 294 | 275 | 274 | 306 | 313 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 36 | -11 | 37 | 50 | 3 | 33 | 40 | 16 | 23 | 13 | 16 | |
| -7 | 3 | 0 | 1 | 2 | 3 | 5 | 8 | 8 | -1 | -2 | -0 | |
| -87 | -44 | 11 | -36 | -55 | -4 | -34 | -54 | -16 | -14 | -22 | -12 | |
| Net Cash Flow | -30 | -5 | 1 | 2 | -3 | 1 | 4 | -6 | 8 | 9 | -10 | 3 |
| Free Cash Flow | 52 | 36 | -14 | 34 | 50 | 2 | 33 | 39 | 15 | 20 | 10 | 11 |
| CFO/OP | -248% | 741% | -46% | 216% | 1,640% | -73% | 550% | 389% | 146% | 181% | 81% | 87% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 540 | 582 | 431 | 421 | 621 | 860 | 736 | 512 | 367 | 334 | 294 | 220 |
| Inventory Days | 144 | 137 | 82 | 51 | 61 | 97 | 52 | 72 | 40 | 42 | 61 | 95 |
| Days Payable | 243 | 247 | 210 | 194 | 333 | 422 | 344 | 346 | 251 | 232 | 238 | 206 |
| Cash Conversion Cycle | 440 | 473 | 303 | 278 | 350 | 536 | 444 | 238 | 155 | 144 | 117 | 109 |
| Working Capital Days | 75 | -86 | -307 | -363 | -526 | -793 | -814 | 224 | -32 | -110 | -169 | -143 |
| ROCE % | -8% | -1% | 5% | 5% | -1% | -5% | 2% | 4% | 6% | 5% | 8% | 14% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employee Count Nos. |
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| HT Switchgear Panels Production Volume Nos. |
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| Pumps and Pumpsets Share of Product Revenue % |
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| Switchboards and HT Circuit Breakers Share of Product Revenue % |
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| VCB Production Volume Nos. |
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| Order Book Position ₹ Crores |
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| HT Machines Production Volume Nos. |
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| Pumps Production Volume Nos. |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Compliance Certificate for the quarter ended on 30th September, 2026
- Closure of Trading Window
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 82nd AGM voting results on 24 Sep 2026; four resolutions passed, including sale or lease of undertaking.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Jyoti Ltd appointed Mr. Minesh Natubhai Patel as additional independent director for five years from 24 September 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Business Overview[1]
Jyoti Ltd is an Engineering Company that
does business in the Power sector and Water
sector. It offers hydraulic and electrical products
and services and designs and manufactures a wide
range of Pumps and EPC Pumping Systems from the
concept to commissioning. The company is comprised
of 2 divisions viz. Project Division and Switchgear Division