JSL Industries Ltd

JSL Industries Ltd

₹ 1,005 -2.94%
19 May - 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

  • Market Cap 118 Cr.
  • Current Price 1,005
  • High / Low 1,635 / 875
  • Stock P/E 35.8
  • Book Value 398
  • Dividend Yield 0.00 %
  • ROCE 9.93 %
  • ROE 7.10 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 2.81% over past five years.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Earnings include an other income of Rs.2.00 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
13.59 12.50 11.76 14.44 12.65 13.88 12.25 13.99 13.50 12.19 13.18 13.76 17.29
11.95 11.92 10.43 13.04 11.52 13.36 11.20 12.29 12.84 11.71 12.09 12.49 15.99
Operating Profit 1.64 0.58 1.33 1.40 1.13 0.52 1.05 1.70 0.66 0.48 1.09 1.27 1.30
OPM % 12.07% 4.64% 11.31% 9.70% 8.93% 3.75% 8.57% 12.15% 4.89% 3.94% 8.27% 9.23% 7.52%
0.29 2.57 3.15 -1.42 1.15 4.44 1.36 0.05 -0.43 0.47 0.41 0.61 0.51
Interest 0.06 0.08 0.15 0.08 0.09 0.07 0.18 0.06 0.14 0.19 0.13 0.10 -0.03
Depreciation 0.27 0.26 0.27 0.27 0.30 0.31 0.32 0.33 0.32 0.32 0.34 0.33 0.33
Profit before tax 1.60 2.81 4.06 -0.37 1.89 4.58 1.91 1.36 -0.23 0.44 1.03 1.45 1.51
Tax % 93.12% 30.60% 29.80% -21.62% 12.70% 11.57% 16.23% 27.94% -21.74% 9.09% 6.80% 48.97% 20.53%
0.10 1.95 2.85 -0.29 1.65 4.05 1.60 0.99 -0.19 0.40 0.96 0.74 1.19
EPS in Rs 0.85 16.61 24.28 -2.47 14.06 34.50 13.63 8.43 -1.62 3.41 8.18 6.30 10.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
54.97 47.73 44.48 47.34 54.78 48.45 49.13 54.92 48.51 50.74 53.08 56.43
50.60 44.58 41.69 44.68 51.74 45.90 44.44 50.57 43.74 46.29 49.13 52.27
Operating Profit 4.37 3.15 2.79 2.66 3.04 2.55 4.69 4.35 4.77 4.45 3.95 4.16
OPM % 7.95% 6.60% 6.27% 5.62% 5.55% 5.26% 9.55% 7.92% 9.83% 8.77% 7.44% 7.37%
0.82 0.19 0.32 0.24 0.26 0.61 0.53 0.98 2.40 5.45 5.40 2.00
Interest 1.35 1.01 0.80 0.93 0.91 0.78 0.57 0.59 0.58 0.40 0.45 0.40
Depreciation 1.74 1.60 1.61 1.62 1.68 1.61 1.21 1.00 1.06 1.11 1.28 1.32
Profit before tax 2.10 0.73 0.70 0.35 0.71 0.77 3.44 3.74 5.53 8.39 7.62 4.44
Tax % 24.29% 32.88% 28.57% 42.86% 54.93% 59.74% 29.94% 26.20% 37.79% 26.58% 15.35% 25.68%
1.59 0.50 0.51 0.20 0.32 0.31 2.40 2.76 3.44 6.16 6.45 3.29
EPS in Rs 14.24 4.48 4.57 1.70 2.73 2.64 20.44 23.51 29.30 52.47 54.95 28.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.09% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: 3%
3 Years: 5%
TTM: 6%
Compounded Profit Growth
10 Years: 20%
5 Years: 7%
3 Years: -2%
TTM: -49%
Stock Price CAGR
10 Years: 21%
5 Years: 46%
3 Years: 36%
1 Year: -34%
Return on Equity
10 Years: 8%
5 Years: 12%
3 Years: 13%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 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 24.16 26.01 25.33 27.17 23.41 23.62 25.95 28.71 32.19 38.34 44.77 45.56
5.71 6.39 6.96 8.74 3.62 4.75 3.80 2.87 2.55 3.35 2.69 2.12
17.63 12.54 15.32 14.29 14.47 13.82 12.23 11.61 11.34 12.72 12.88 14.71
Total Liabilities 48.62 46.06 48.73 51.37 42.67 43.36 43.15 44.36 47.25 55.58 61.51 63.56
16.91 17.68 17.48 17.61 16.67 15.36 14.77 15.59 15.78 16.31 15.83 16.01
CWIP 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 7.14 6.67 5.77 5.77 0.27 1.66 5.61 8.74 5.28
23.93 21.21 24.08 26.62 19.33 22.23 22.61 28.50 29.81 33.66 36.94 42.27
Total Assets 48.62 46.06 48.73 51.37 42.67 43.36 43.15 44.36 47.25 55.58 61.51 63.56

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.98 -0.11 0.90 -1.72 4.99 -2.27 1.24 -4.72 0.73 -2.06 -0.16 8.53
1.71 -1.72 -1.17 -1.48 -0.02 1.20 -0.10 4.65 -1.93 -0.25 1.17 0.21
-1.34 2.13 0.29 3.19 -4.88 0.97 -0.61 -0.46 1.20 2.31 -1.02 -8.75
Net Cash Flow 1.36 0.30 0.01 -0.01 0.09 -0.10 0.54 -0.53 0.01 -0.01 0.00 0.00
Free Cash Flow 2.53 -1.99 -0.45 -3.47 4.24 -2.59 0.68 -6.54 -0.47 -3.40 -0.95 7.01
CFO/OP 38% 6% 44% -61% 178% -76% 47% -84% 27% -21% 24% 234%

Ratios

Figures in Rs. Crores

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 46.88 36.86 46.45 56.36 33.18 35.56 21.25 28.71 24.45 17.70 28.61 21.73
Inventory Days 89.44 93.91 130.17 135.08 87.49 84.35 129.89 95.15 136.61 134.06 150.48 162.09
Days Payable 108.02 112.10 141.19 122.08 84.38 100.36 86.72 37.57 49.55 51.62 40.54 54.35
Cash Conversion Cycle 28.30 18.67 35.43 69.37 36.29 19.55 64.41 86.29 111.52 100.14 138.55 129.47
Working Capital Days -5.98 -11.47 11.49 47.88 38.18 58.54 76.89 108.13 131.60 162.00 184.01 140.94
ROCE % 9.09% 5.49% 4.06% 3.60% 4.93% 5.40% 13.03% 13.57% 17.83% 22.17% 17.60% 9.93%

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
Division Net Sales: Instrument Transformer Division
INR Crores

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Division Net Sales: Motors and Pumps Division
INR Crores
Division Net Sales: Switchgear Division
INR Crores
Green Power (Wind Mills) share in Total Power Requirement
%
Total Employees / Manpower
Number
Order Book / Pending Orders
INR Lakhs
66 kV Instrument Transformers Supplied
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.76% 40.76% 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%
46.69% 46.68% 46.68% 46.69% 46.69% 46.69% 46.68% 46.68% 46.70% 46.69% 46.69% 46.70%
No. of Shareholders 2,5212,5292,5362,5912,6432,6962,7522,8012,7732,8102,8062,808

* 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.

Click on the line-items to see the names of individual entities.

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