Jyoti Structures Ltd

Jyoti Structures Ltd

₹ 11.4 1.78%
27 Nov 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 1,364 Cr.
  • Current Price 11.4
  • High / Low 32.0 / 10.6
  • Stock P/E 30.8
  • Book Value 4.27
  • Dividend Yield 0.00 %
  • ROCE 1.61 %
  • ROE 13.3 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14.4 Cr.
  • Company has high debtors of 1,573 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

Consolidated Figures in Rs. Crores / View Standalone

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
13.89 43.86 155.83 185.17 81.46 55.80 128.96 88.29 107.49 137.35 164.69 156.16 150.60
16.94 47.95 149.28 181.23 71.17 60.06 122.59 82.55 100.59 125.28 152.04 149.26 141.81
Operating Profit -3.05 -4.09 6.55 3.94 10.29 -4.26 6.37 5.74 6.90 12.07 12.65 6.90 8.79
OPM % -21.96% -9.33% 4.20% 2.13% 12.63% -7.63% 4.94% 6.50% 6.42% 8.79% 7.68% 4.42% 5.84%
0.33 0.15 0.80 0.49 2.89 7.17 1.09 1.30 1.80 1.29 2.28 6.24 4.61
Interest 0.06 0.09 0.23 0.05 0.31 0.07 0.58 0.05 0.03 0.00 0.04 0.02 0.07
Depreciation 1.25 1.45 1.57 1.93 1.68 1.76 2.08 1.81 1.98 2.12 2.60 2.88 3.16
Profit before tax -4.03 -5.48 5.55 2.45 11.19 1.08 4.80 5.18 6.69 11.24 12.29 10.24 10.17
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -194.17% 1.93% -5.53% -2.14% 2.93% -8.98% 4.42%
-4.03 -5.48 5.55 2.46 11.20 1.08 14.12 5.09 7.06 11.48 11.93 11.16 9.72
EPS in Rs -0.04 -0.06 0.06 0.02 0.10 0.01 0.12 0.04 0.06 0.09 0.10 0.09 0.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,013 3,636 3,111 2,947 324 182 16 0 4 229 451 498 609
2,689 3,325 3,024 2,926 3,479 841 828 254 41 229 434 460 568
Operating Profit 324 311 87 21 -3,154 -658 -812 -254 -36 -0 17 38 40
OPM % 11% 9% 3% 1% -973% -361% -4,948% -826% -0% 4% 8% 7%
5 28 55 55 3 6 0 0 1 2 12 7 14
Interest 238 319 485 671 1,021 1,106 1,501 1,495 0 0 2 0 0
Depreciation 36 40 53 54 29 27 16 10 7 5 7 8 11
Profit before tax 55 -20 -395 -649 -4,201 -1,785 -2,329 -1,759 -42 -4 20 35 44
Tax % 32% -52% 0% 9% -0% -0% 0% 0% 0% 0% -48% -0%
38 -9 -396 -704 -4,201 -1,785 -2,329 -1,759 -42 -4 29 36 44
EPS in Rs 2.94 -0.73 -23.11 -41.12 -245.22 -104.17 -135.95 -102.67 -0.43 -0.04 0.25 0.30 0.36
Dividend Payout % 17% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -17%
5 Years: 98%
3 Years: 384%
TTM: 60%
Compounded Profit Growth
10 Years: 8%
5 Years: 15%
3 Years: 42%
TTM: 62%
Stock Price CAGR
10 Years: -4%
5 Years: 30%
3 Years: 4%
1 Year: -58%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 16 16 22 22 22 22 22 22 127 127 146 238 238
Reserves 667 665 365 -298 -5,584 -7,348 -9,701 -11,384 25 -102 -172 325 270
1,202 1,498 2,942 5,190 5,718 6,383 7,007 7,412 1,691 1,803 1,916 1,996 1,958
1,119 2,347 2,251 1,467 2,634 3,387 4,351 5,367 350 457 459 457 456
Total Liabilities 3,006 4,527 5,579 6,381 2,790 2,444 1,678 1,417 2,193 2,286 2,350 3,015 2,923
457 469 436 425 90 62 43 33 27 32 33 42 52
CWIP 9 2 2 28 0 0 0 0 0 0 1 2 4
Investments 5 5 5 5 0 0 0 1 1 1 1 1 1
2,535 4,051 5,136 5,922 2,700 2,382 1,635 1,384 2,166 2,253 2,315 2,970 2,866
Total Assets 3,006 4,527 5,579 6,381 2,790 2,444 1,678 1,417 2,193 2,286 2,350 3,015 2,923

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
51 -88 -1,130 -1,764 1,190 -9 -4 -2 -100 -36 -19 -177
-80 -40 -81 -84 -639 0 0 0 -0 -11 -7 -13
8 177 1,252 1,772 -918 -0 1 0 170 -7 34 615
Net Cash Flow -21 49 41 -76 -368 -9 -3 -2 70 -53 8 425

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 224 285 399 542 2,740 4,284 30,382 158,009 3,183 1,642 1,573
Inventory Days 59 86 81 62 161 303 2,629 2,745 1,284 207 127 174
Days Payable 135 285 240 93 1,465 2,868 25,860 38,714 4,306 429 232 293
Cash Conversion Cycle 148 86 239 511 1,436 1,719 7,150 154,987 2,961 1,537 1,454
Working Capital Days 68 64 149 -0 -6,356 -14,740 -216,614 158,843 2,937 1,538 1,430
ROCE % 17% 15% 3% 0% -0% 1% 2%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
0.12% 0.40% 0.12% 0.04% 0.12% 0.32% 0.62% 1.41% 1.10% 1.53% 1.54% 1.04%
13.22% 15.58% 12.72% 7.15% 3.90% 3.92% 2.83% 1.86% 1.62% 0.51% 0.45% 0.45%
86.65% 84.02% 87.16% 92.81% 95.99% 95.76% 96.55% 96.75% 97.28% 97.97% 98.02% 98.51%
No. of Shareholders 40,92744,48049,13454,91060,71482,8991,02,9321,17,3931,81,0902,05,8962,05,2702,07,067

* 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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