Jyoti Structures Ltd

Jyoti Structures Ltd

₹ 22.3 -4.29%
19 Apr - close price
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

Leading Power Transmission Company[1] Jyoti Structures Ltd's main business focuses on Transmission lines, Substations, and distribution projects. The company undertakes turnkey projects on a global scale, offering a complete range of services in design, testing, manufacturing, sourcing, supply, and construction. JSL is amongst very few EPC service providers worldwide, which possess capabilities to execute turnkey projects covering the entire gamut of the Power Transmission business.

  • Market Cap 1,861 Cr.
  • Current Price 22.3
  • High / Low 34.0 / 5.80
  • Stock P/E 91.7
  • Book Value 0.05
  • Dividend Yield 0.00 %
  • ROCE -0.20 %
  • ROE -4.59 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 419 times its book value
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.11.4 Cr.
  • Company has high debtors of 3,183 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 2.22 0.00 2.17 15.65 13.89 43.86 155.83 185.17 81.36 55.80
8.32 231.32 -5.68 15.09 11.58 19.64 15.19 16.94 47.95 149.28 181.23 71.17 60.06
Operating Profit -8.32 -231.32 5.68 -12.87 -11.58 -17.47 0.46 -3.05 -4.09 6.55 3.94 10.19 -4.26
OPM % -579.73% -805.07% 2.94% -21.96% -9.33% 4.20% 2.13% 12.52% -7.63%
0.00 0.15 0.01 0.01 0.04 0.99 0.57 0.33 0.15 0.80 0.49 2.89 7.17
Interest 370.00 397.64 341.55 355.20 0.00 0.00 0.00 0.06 0.09 0.23 0.05 0.21 0.07
Depreciation 2.33 2.24 2.09 2.48 1.66 1.06 1.14 1.25 1.45 1.57 1.93 1.68 1.76
Profit before tax -380.65 -631.05 -337.95 -370.54 -13.20 -17.54 -0.11 -4.03 -5.48 5.55 2.45 11.19 1.08
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-380.65 -631.04 -337.94 -370.54 -13.19 -17.54 -0.11 -4.03 -5.48 5.55 2.46 11.20 1.08
EPS in Rs -29.90 -49.57 -26.55 -29.10 -0.18 -0.24 -0.00 -0.05 -0.07 0.08 0.03 0.14 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,400 2,766 3,013 3,636 3,111 2,947 324 182 16 0 4 229 478
2,089 2,408 2,689 3,325 3,024 2,926 3,479 841 828 254 41 229 462
Operating Profit 310 359 324 311 87 21 -3,154 -658 -812 -254 -36 -0 16
OPM % 13% 13% 11% 9% 3% 1% -973% -361% -4,948% -826% -0% 3%
5 8 5 28 55 55 3 6 0 0 1 2 11
Interest 138 201 238 319 485 671 1,021 1,106 1,501 1,495 0 0 1
Depreciation 21 25 36 40 53 54 29 27 16 10 7 5 7
Profit before tax 156 141 55 -20 -395 -649 -4,201 -1,785 -2,329 -1,759 -42 -4 20
Tax % 36% 31% 32% 52% -0% -9% 0% 0% 0% 0% 0% 0%
100 98 38 -9 -396 -704 -4,201 -1,785 -2,329 -1,759 -42 -4 20
EPS in Rs 10.46 10.10 3.95 -0.98 -31.10 -55.33 -329.98 -140.17 -182.94 -138.16 -0.58 -0.06 0.26
Dividend Payout % 12% 9% 17% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -23%
5 Years: -7%
3 Years: 141%
TTM: 533%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 26%
TTM: 175%
Stock Price CAGR
10 Years: -5%
5 Years: 48%
3 Years: 52%
1 Year: 237%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 22 22 22 22 22 22 127 127 141
Reserves 560 635 667 665 365 -298 -5,584 -7,348 -9,701 -11,384 25 -102 -136
Preference Capital 0 0 25 25 25 25 0 0 0 0 0 0
480 944 1,177 1,473 2,917 5,165 5,718 6,383 7,007 7,412 1,691 1,803 1,859
736 1,134 1,144 2,372 2,276 1,492 2,634 3,387 4,351 5,367 350 457 413
Total Liabilities 1,793 2,730 3,006 4,527 5,579 6,381 2,790 2,444 1,678 1,417 2,193 2,286 2,277
196 261 457 469 436 425 90 62 43 33 27 32 34
CWIP 8 178 9 2 2 28 0 0 0 0 0 0 0
Investments 17 5 5 5 5 5 0 0 0 1 1 1 1
1,572 2,286 2,535 4,051 5,136 5,922 2,700 2,382 1,635 1,384 2,166 2,253 2,243
Total Assets 1,793 2,730 3,006 4,527 5,579 6,381 2,790 2,444 1,678 1,417 2,193 2,286 2,277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
63 -56 51 -88 -1,130 -1,764 1,190 -9 -4 -2 -100 -44
-45 -238 -80 -40 -81 -84 -639 0 0 0 -0 -9
-4 278 8 177 1,252 1,772 -918 -0 1 0 170 -0
Net Cash Flow 13 -16 -21 49 41 -76 -368 -9 -3 -2 70 -53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 160 211 224 285 399 542 2,740 4,284 30,382 158,009 3,183
Inventory Days 63 83 59 86 81 62 161 303 2,629 2,745 1,284 207
Days Payable 121 153 135 285 240 93 1,465 2,868 25,860 38,714 4,306 429
Cash Conversion Cycle 101 140 148 86 239 511 1,436 1,719 7,150 154,987 2,961
Working Capital Days 124 139 145 154 257 377 -2,423 -6,867 -116,682 162,212 3,056
ROCE % 31% 26% 17% 15% 3% 0% -0%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.12% 0.40% 0.12% 0.04% 0.12% 0.32%
0.16% 0.16% 10.43% 10.43% 10.43% 13.22% 13.22% 15.58% 12.72% 7.15% 3.90% 3.92%
99.84% 99.84% 89.57% 89.57% 89.57% 86.65% 86.65% 84.02% 87.16% 92.81% 95.99% 95.76%
No. of Shareholders 42,40840,29639,75140,57340,15140,68540,92744,48049,13454,91060,71482,899

* 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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