Jyoti Structures Ltd
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]
- Market Cap ₹ 1,404 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 22.2 / 7.92
- Stock P/E 28.2
- Book Value ₹ 4.46
- 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 2.64 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
- Earnings include an other income of Rs.18.2 Cr.
- 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,326 | 2,782 | 2,492 | 850 | 255 | 98 | 2 | 0 | 4 | 229 | 451 | 498 | 680 | |
| 3,002 | 2,668 | 2,447 | 1,459 | 3,379 | 729 | 806 | 254 | 41 | 229 | 434 | 460 | 637 | |
| Operating Profit | 324 | 114 | 45 | -609 | -3,124 | -631 | -804 | -254 | -37 | -0 | 18 | 38 | 43 |
| OPM % | 10% | 4% | 2% | -72% | -1,224% | -642% | -38,844% | -834% | -0% | 4% | 8% | 6% | |
| 43 | 71 | 80 | 19 | 5 | 6 | 0 | 0 | 1 | 2 | 12 | 7 | 18 | |
| Interest | 288 | 421 | 572 | 842 | 1,020 | 1,106 | 1,480 | 1,495 | 0 | 0 | 2 | 0 | 1 |
| Depreciation | 27 | 34 | 53 | 51 | 27 | 20 | 16 | 10 | 7 | 5 | 7 | 8 | 12 |
| Profit before tax | 52 | -270 | -500 | -1,483 | -4,167 | -1,751 | -2,300 | -1,758 | -43 | -4 | 20 | 36 | 48 |
| 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 | 50 | |
| 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 | 0.41 |
| 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: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 15% |
| 3 Years: | 42% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 24% |
| 3 Years: | 24% |
| 1 Year: | -30% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 127 | 127 | 146 | 238 | 238 |
| Reserves | 737 | 578 | 83 | -1,406 | -5,572 | -7,315 | -9,619 | -11,369 | 54 | -70 | -139 | 349 | 294 |
| 1,259 | 2,660 | 3,636 | 3,237 | 5,718 | 6,349 | 7,006 | 7,411 | 1,690 | 1,803 | 1,916 | 1,996 | 1,958 | |
| 2,193 | 1,870 | 2,239 | 3,613 | 2,555 | 3,360 | 4,244 | 5,347 | 316 | 426 | 428 | 425 | 422 | |
| Total Liabilities | 4,206 | 5,130 | 5,979 | 5,466 | 2,722 | 2,416 | 1,653 | 1,411 | 2,187 | 2,285 | 2,351 | 3,007 | 2,912 |
| 189 | 160 | 154 | 108 | 84 | 58 | 42 | 32 | 27 | 32 | 33 | 42 | 52 | |
| CWIP | 0 | 0 | 94 | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 |
| Investments | 87 | 87 | 0 | 0 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 |
| 3,930 | 4,883 | 5,731 | 5,329 | 2,631 | 2,351 | 1,604 | 1,371 | 2,153 | 2,246 | 2,309 | 2,956 | 2,848 | |
| Total Assets | 4,206 | 5,130 | 5,979 | 5,466 | 2,722 | 2,416 | 1,653 | 1,411 | 2,187 | 2,285 | 2,351 | 3,007 | 2,912 |
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 | 76 | 195 | 36 | -801 | -8,105 | -27,378 | -1,703,145 | 160,519 | 2,978 | 1,559 | 1,444 | |
| ROCE % | 18% | 6% | 2% | -23% | -312% | -0% | 1% | 2% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Annual Installed Manufacturing Capacity MT |
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| Order Book Value INR Cr |
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Documents
Announcements
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Intimation Regarding Appeal Filed By Lenders Before NCLAT In Contempt Proceedings Relating To Disbursement Of NFB Limits.
27 Feb - Lenders appealed to NCLAT against Feb 16 NCLT order on NFB limits disbursement; appeal pending.
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Intimation On Successful Completion And Charging Of 400 Kv Multi-Circuit Line-In-Line-Out (LILO) Of Pirana (Torrent Power) - Pirana (Power Grid) At POWERGRID Substation, Ahmedabad.
23 Feb - 400 kV LILO charged; 240 CKM HTLS executed for 4.5 GW Khavda Phase-II evacuation.
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Intimation On Direction From The Hon'Ble National Company Law Tribunal, Mumbai.
18 Feb - NCLT (Feb 16, 2026) ordered lenders to release rolled-over NFB limits within one month.
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Announcement Under Regulation 30 LODR - Appointment Of Mr. Amit Dutta, As Chief Operating Officer ('COO')
5 Feb - Appointed Amit Dutta as COO effective 5 Feb 2026; 36 years' transmission sector experience.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Feb - Amit Dutta appointed COO of Jyoti Structures, 36 years' experience; announced February 5, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Power Transmission Company
The Company has three lines of operations, which include transmission lines, substations and rural electrification. It executes high-voltage Transmission lines up to 800 KV, Substations up to 765 KV, and Distribution Lines. It has constructed over 31,000 circuit Km, and over 1,800 bays of substations and electrified over 37,000 villages. [1]