Jyoti Structures Ltd

Jyoti Structures Ltd

₹ 19.5 -2.99%
12 Jun 4:01 p.m.
About

Jyoti Structures Limited was incorporated in 1974. The company is engaged in Electricity, transmission, distribution and substation. The registered office of the Company is in Mumbai.[1]

Key Points

Power Transmission Company
It is a Turnkey / EPC project in the power sector. The co. has worked in 50+ countries, commissioned over 31,000 ckt Kms of Transmission Lines up to 765 kV, 1800 bay substations, and electrified over 37,325 villages. [1] [2]

  • Market Cap 2,315 Cr.
  • Current Price 19.5
  • High / Low 37.0 / 13.2
  • Stock P/E 64.6
  • Book Value 4.94
  • Dividend Yield 0.00 %
  • ROCE 1.59 %
  • ROE 12.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.94 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 13.7% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 1,567 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2 16 14 44 156 185 81 56 129 88 107 137 165
20 15 17 48 149 181 71 60 122 83 101 125 152
Operating Profit -18 0 -3 -4 7 4 10 -4 7 6 7 12 13
OPM % -823% 3% -22% -9% 4% 2% 13% -8% 5% 6% 6% 9% 8%
1 1 0 0 1 0 3 7 1 1 2 1 2
Interest 0 0 0 0 0 0 0 0 1 0 0 0 0
Depreciation 1 1 1 1 2 2 2 2 2 2 2 2 3
Profit before tax -18 -0 -4 -5 6 3 11 1 5 5 7 11 12
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -188% 2% -6% -2% 3%
-18 -0 -4 -5 6 3 11 1 15 5 7 12 12
EPS in Rs -0.18 -0.00 -0.04 -0.06 0.06 0.02 0.10 0.01 0.13 0.04 0.06 0.10 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,326 2,782 2,492 850 255 98 2 0 4 229 451 498
3,002 2,668 2,447 1,459 3,379 729 806 254 41 229 434 460
Operating Profit 324 114 45 -609 -3,124 -631 -804 -254 -37 -0 18 38
OPM % 10% 4% 2% -72% -1,224% -642% -38,844% -834% -0% 4% 8%
43 71 80 19 5 6 0 0 1 2 12 7
Interest 288 421 572 842 1,020 1,106 1,480 1,495 0 0 2 0
Depreciation 27 34 53 51 27 20 16 10 7 5 7 8
Profit before tax 52 -270 -500 -1,483 -4,167 -1,751 -2,300 -1,758 -43 -4 20 36
Tax % 38% 0% 0% -0% 0% 0% 0% 0% 0% 0% -48% -0%
32 -270 -501 -1,483 -4,167 -1,751 -2,300 -1,758 -43 -4 29 36
EPS in Rs 2.51 -15.76 -29.24 -86.56 -243.24 -102.21 -134.27 -102.65 -0.43 -0.04 0.26 0.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: 199%
3 Years: 384%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: 15%
3 Years: 42%
TTM: 22%
Stock Price CAGR
10 Years: 1%
5 Years: 56%
3 Years: 10%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 22 22 22 22 22 22 22 127 127 146 238
Reserves 737 578 83 -1,406 -5,572 -7,315 -9,619 -11,369 54 -70 -139 349
1,259 2,660 3,636 3,237 5,718 6,349 7,006 7,411 1,690 1,803 1,916 1,996
2,193 1,870 2,239 3,613 2,555 3,360 4,244 5,347 316 426 428 415
Total Liabilities 4,206 5,130 5,979 5,466 2,722 2,416 1,653 1,411 2,187 2,285 2,351 2,997
189 160 154 108 84 58 42 32 27 32 33 44
CWIP 0 0 94 28 0 0 0 0 0 0 1 0
Investments 87 87 0 0 7 7 7 7 7 7 8 8
3,930 4,883 5,731 5,329 2,631 2,351 1,604 1,371 2,153 2,246 2,309 2,946
Total Assets 4,206 5,130 5,979 5,466 2,722 2,416 1,653 1,411 2,187 2,285 2,351 2,997

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
59 -1,098 -1,591 261 889 -10 -1 -2 -100 -36 -19 -177
-51 -83 -95 154 -341 0 0 0 -0 -11 -7 -13
44 1,170 441 -487 -919 0 0 0 170 -7 34 615
Net Cash Flow 53 -12 -1,246 -72 -372 -9 -1 -2 70 -53 8 425

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 297 433 615 1,710 3,375 7,824 239,597 157,244 3,169 1,636 1,567
Inventory Days 78 56 42 72 183 356 1,885 2,745 1,284 207 127 174
Days Payable 290 250 92 277 1,787 4,358 25,037 37,212 2,919 355 187 244
Cash Conversion Cycle 86 239 565 1,506 1,770 3,822 216,446 155,608 3,022 1,575 1,497
Working Capital Days 174 310 471 576 -3,106 -12,755 -911,121 163,844 3,095 1,607 1,532
ROCE % 18% 6% 2% -23% -312% -0% 1% 2%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025May 2025
0.12% 0.12% 0.40% 0.12% 0.04% 0.12% 0.32% 0.62% 1.41% 1.10% 1.53% 1.52%
13.22% 13.22% 15.58% 12.72% 7.15% 3.90% 3.92% 2.83% 1.86% 1.62% 0.51% 0.51%
86.65% 86.65% 84.02% 87.16% 92.81% 95.99% 95.76% 96.55% 96.75% 97.28% 97.97% 97.97%
No. of Shareholders 40,68540,92744,48049,13454,91060,71482,8991,02,9321,17,3931,81,0902,05,8962,05,909

* 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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