JSL Industries Ltd

₹ 1,095 1.49%

12 Dec - close price

About

Incorporated in 1966, JSL Industries Ltd
does manufacturing of engineering goods

Key Points

Business Overview:^[1]
Company started as a subsidiary company
to M/s. Jyoti Ltd., Vadodara to supply various engineering products and components. At present, it is a public limited company engaged in manufacturing LT Motors and Pumps, LT panels, LT Switchgear and Control gear products – Air Circuit Breakers, Contactors, Thermal overload Relay, Motor Starters, Cam Switches and HT Instrument Transformers. Company is the largest manufacturer of Oil Immersed starters in India and is also the largest supplier of 66 kV CTs to M/s. GETCO, Gujarat

Website BSE

Market Cap ₹ 129 Cr.
Current Price ₹ 1,095
High / Low ₹ 1,903 / 1,007
Stock P/E 59.5
Book Value ₹ 411
Dividend Yield 0.00 %
ROCE 17.6 %
ROE 15.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor sales growth of 1.84% over past five years.

* 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 Other Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	10.26	13.56	13.59	12.50	11.76	14.44	12.65	13.88	12.25	13.99	13.50	12.19	13.18
	9.32	12.12	11.95	11.92	10.43	13.04	11.52	13.36	11.20	12.29	12.84	11.71	12.09
Operating Profit	0.94	1.44	1.64	0.58	1.33	1.40	1.13	0.52	1.05	1.70	0.66	0.48	1.09
OPM %	9.16%	10.62%	12.07%	4.64%	11.31%	9.70%	8.93%	3.75%	8.57%	12.15%	4.89%	3.94%	8.27%
	1.40	0.56	0.29	2.57	3.15	-1.42	1.15	4.44	1.36	0.05	-0.43	0.47	0.41
Interest	0.21	0.17	0.06	0.08	0.15	0.08	0.09	0.07	0.18	0.06	0.14	0.19	0.13
Depreciation	0.27	0.27	0.27	0.26	0.27	0.27	0.30	0.31	0.32	0.33	0.32	0.32	0.34
Profit before tax	1.86	1.56	1.60	2.81	4.06	-0.37	1.89	4.58	1.91	1.36	-0.23	0.44	1.03
Tax %	10.22%	14.10%	93.12%	30.60%	29.80%	-21.62%	12.70%	11.57%	16.23%	27.94%	-21.74%	9.09%	6.80%
	1.67	1.34	0.10	1.95	2.85	-0.29	1.65	4.05	1.60	0.99	-0.19	0.40	0.96
EPS in Rs	14.23	11.41	0.85	16.61	24.28	-2.47	14.06	34.50	13.63	8.43	-1.62	3.41	8.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	52.67	54.97	47.73	44.48	47.34	54.78	48.45	49.13	54.92	48.51	50.74	53.08	52.86
	48.28	50.60	44.58	41.69	44.68	51.74	45.90	44.44	50.57	43.74	46.29	49.13	48.93
Operating Profit	4.39	4.37	3.15	2.79	2.66	3.04	2.55	4.69	4.35	4.77	4.45	3.95	3.93
OPM %	8.33%	7.95%	6.60%	6.27%	5.62%	5.55%	5.26%	9.55%	7.92%	9.83%	8.77%	7.44%	7.43%
	0.38	0.82	0.19	0.32	0.24	0.26	0.61	0.53	0.98	2.40	5.45	5.40	0.50
Interest	1.12	1.35	1.01	0.80	0.93	0.91	0.78	0.57	0.59	0.58	0.40	0.45	0.52
Depreciation	1.34	1.74	1.60	1.61	1.62	1.68	1.61	1.21	1.00	1.06	1.11	1.28	1.31
Profit before tax	2.31	2.10	0.73	0.70	0.35	0.71	0.77	3.44	3.74	5.53	8.39	7.62	2.60
Tax %	38.53%	24.29%	32.88%	28.57%	42.86%	54.93%	59.74%	29.94%	26.20%	37.79%	26.58%	15.35%
	1.42	1.59	0.50	0.51	0.20	0.32	0.31	2.40	2.76	3.44	6.16	6.45	2.16
EPS in Rs	12.72	14.24	4.48	4.57	1.70	2.73	2.64	20.44	23.51	29.30	52.47	54.95	18.40
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.09%

Compounded Sales Growth
10 Years:	0%
5 Years:	2%
3 Years:	-1%
TTM:	-1%

Compounded Profit Growth
10 Years:	19%
5 Years:	83%
3 Years:	33%
TTM:	-69%

Stock Price CAGR
10 Years:	24%
5 Years:	70%
3 Years:	75%
1 Year:	-32%

Return on Equity
10 Years:	8%
5 Years:	13%
3 Years:	14%
Last Year:	15%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1.12	1.12	1.12	1.12	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17
Reserves	22.65	24.16	26.01	25.33	27.17	23.41	23.62	25.95	28.71	32.19	38.34	44.77	47.13
	7.05	5.71	6.39	6.96	8.74	3.62	4.75	3.80	2.87	2.55	3.35	2.69	1.93
	21.38	17.63	12.54	15.32	14.29	14.47	13.82	12.23	11.61	11.34	12.72	12.88	12.98
Total Liabilities	52.20	48.62	46.06	48.73	51.37	42.67	43.36	43.15	44.36	47.25	55.58	61.51	63.21
	18.12	16.91	17.68	17.48	17.61	16.67	15.36	14.77	15.59	15.78	16.31	15.83	16.31
CWIP	2.14	0.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	7.17	7.17	7.17	7.17	7.14	6.67	5.77	5.77	0.27	1.66	5.61	8.74	10.08
	24.77	23.93	21.21	24.08	26.62	19.33	22.23	22.61	28.50	29.81	33.66	36.94	36.82
Total Assets	52.20	48.62	46.06	48.73	51.37	42.67	43.36	43.15	44.36	47.25	55.58	61.51	63.21

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3.62	0.98	-0.11	0.90	-1.72	4.99	-2.27	1.24	-4.72	0.73	-2.06	-0.16
	-5.68	1.71	-1.72	-1.17	-1.48	-0.02	1.20	-0.10	4.65	-1.93	-0.25	1.17
	0.17	-1.34	2.13	0.29	3.19	-4.88	0.97	-0.61	-0.46	1.20	2.31	-1.02
Net Cash Flow	-1.89	1.36	0.30	0.01	-0.01	0.09	-0.10	0.54	-0.53	0.01	-0.01	0.00

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	60.22	46.88	36.86	46.45	56.36	33.18	35.56	21.25	28.71	24.45	17.70	28.61
Inventory Days	78.47	89.44	93.91	130.17	135.08	87.49	84.35	129.89	95.15	136.61	134.06	150.48
Days Payable	108.81	108.02	112.10	141.19	122.08	84.38	100.36	86.72	37.57	49.55	51.62	40.54
Cash Conversion Cycle	29.89	28.30	18.67	35.43	69.37	36.29	19.55	64.41	86.29	111.52	100.14	138.55
Working Capital Days	-38.18	-5.98	-11.47	11.49	47.88	38.18	58.54	76.89	108.13	131.60	162.00	184.01
ROCE %	11.40%	9.09%	5.49%	4.06%	3.60%	4.93%	5.40%	13.03%	13.57%	17.83%	22.17%	17.60%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.77%	40.76%	40.76%
	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%
	46.67%	46.68%	46.69%	46.68%	46.68%	46.69%	46.69%	46.69%	46.68%	46.68%	46.70%	46.69%
No. of Shareholders	2,449	2,503	2,521	2,529	2,536	2,591	2,643	2,696	2,752	2,801	2,773	2,810

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	37.87%	40.76%	40.76%	40.76%	40.76%	40.76%	40.77%	40.77%	40.77%	40.76%
	13.34%	12.68%	12.68%	12.68%	12.55%	12.55%	12.55%	12.55%	12.55%	12.55%
	48.79%	46.56%	46.56%	46.56%	46.69%	46.69%	46.68%	46.69%	46.68%	46.69%
No. of Shareholders	2,479	2,475	2,490	2,204	2,251	2,397	2,503	2,591	2,801	2,810

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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JSL Industries Ltd

JSL Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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