MarketFriction

Jyoti Structures Ltd

NSE JYOTISTRUC · BSE 513250 · Heavy Electrical Equipment
₹8.90 +0.00%
NSE close2026-10-01
52 week range7.94 - 15.49
Market cap₹1,081 Cr.
P/E16.8
Price band 20% Delivery 55.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales815612988107137165156151209234251
Expenses716012383101125152149142194217230
Operating Profit10-4667121379151721
OPM %13%-8%4.9%6%6%9%8%4.4%6%7%7%8%
Other Income371121265564
Interest001000000122
Depreciation222222333333
Profit before tax11155711121010151919
Tax %0%0%-194%2%-6%-2%3%-9%4%-10%4%-1%
Net Profit111145711121110171819
EPS in Rs0.100.010.120.040.060.090.100.090.080.140.150.16
Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,1112,9473241821604229451498751846
Expenses3,0242,9263,47984182825441229434460702783
Operating Profit8721-3,154-658-812-254-36-017384862
OPM %2.8%0.7%-973%-361%-4,948%-826%-0.0%3.8%8%6%7%
Other Income55553600121262219
Interest4856711,0211,1061,5011,495002035
Depreciation53542927161075781313
Profit before tax-395-649-4,201-1,785-2,329-1,759-42-420355564
Tax %0%9%-0%-0%0%0%0%0%-48%-0%-2%
Net Profit-396-704-4,201-1,785-2,329-1,759-42-429365664
EPS in Rs-23.11-41.12-245.22-104.17-135.95-102.67-0.43-0.040.250.300.470.53
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-13%%49%50%
Compounded Profit Growth8%15%151%55%
Stock Price CAGR-2%-7%-10%-39%
Return on Equity%%%11%
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital16222222222222127127146238239
Reserves665365-298-5,584-7,348-9,701-11,38425-102-172325236
Borrowings1,4982,9425,1905,7186,3837,0077,4121,6911,8031,9161,9962,084
Other Liabilities2,3472,2511,4672,6343,3874,3515,367350457459457378
Total Liabilities4,5275,5796,3812,7902,4441,6781,4172,1932,2862,3503,0152,937
Fixed Assets469436425906243332732334270
CWIP2228000000123
Investments555000111111
Other Assets4,0515,1365,9222,7002,3821,6351,3842,1662,2532,3152,9702,863
Total Assets4,5275,5796,3812,7902,4441,6781,4172,1932,2862,3503,0152,937
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-88-1,130-1,7641,190-9-4-2-100-36-19-177-269
Cash from Investing Activity-40-81-84-639000-0-11-7-13-23
Cash from Financing Activity1771,2521,772-918-010170-734615-74
Net Cash Flow4941-76-368-9-3-270-538425-367
Free Cash Flow-136-1,157-1,8151,182-9-4-2-101-48-28-196-310
CFO/OP-22%-1,280%-8,488%-38%1%0%1%275%72,040%-113%-467%-555%
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2853995422,7404,28430,382158,0093,1831,6421,5721,085
Inventory Days8681621613032,6292,7451,284207127174137
Days Payable285240931,4652,86825,86038,7144,306429232293138
Cash Conversion Cycle862395111,4361,7197,150154,9872,9611,5371,4541,085
Working Capital Days64149-0-6,356-14,740-216,614158,8432,9371,5381,4301,034
ROCE %15%3%0%-0%1%2%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs0.04%0.12%0.32%0.62%1.41%1.10%1.53%1.54%1.04%1.41%1.36%1.24%
DIIs7.15%3.90%3.92%2.83%1.86%1.62%0.51%0.45%0.45%0.14%0.13%0.13%
Public92.81%95.99%95.76%96.55%96.75%97.28%97.97%98.02%98.51%98.44%98.51%98.64%
No. of Shareholders54,91060,71482,8991,02,9321,17,3931,81,0902,05,8962,05,2702,07,0672,06,5262,02,8242,01,952

Fundamentals

Market Cap₹ 1,081 Cr.
Current Price₹ 9.07
Stock P/E16.8
Book Value₹ 3.98
ROCE2.25 %
ROE10.8 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)50%
Compounded Profit Growth (TTM)55%
Consolidated figures.
Valuation
Market capRs 1,062 Cr
Enterprise valueRs 2,900 Cr
P/E (TTM)16.51x
Price to book2.24x
Price to sales1.26x
EV / EBITDA35.46x
EV / EBIT42.24x
EV / sales3.43x
Earnings yield6.06%
P/E, 3-year average41.10x
P/B, 3-year average-15.85x
P/E, 5-year average41.10x
P/B, 5-year average-5.69x
Profitability
Operating margin (excl. other income)6.45%
Operating margin (incl. other income)9.33%
EBITDA margin9.67%
Pre-tax margin7.54%
Net profit margin7.60%
Net margin, latest quarter7.74%
ROE10.81%
ROCE2.25%
ROA1.88%
ROE, 3-year average-9611.98%
ROCE, 3-year average1.67%
ROA, 3-year average1.49%
ROE, 5-year average-5767.95%
ROCE, 5-year average1.20%
ROA, 5-year average0.38%
ROIC (approx.)3.04%
Tax rate-2.41%
Other income / net worth4.54%
Growth
Sales growth (latest year)50.77%
Profit growth (latest year)57.34%
Sales CAGR, 3 years48.51%
Sales growth QoQ7.30%
Profit growth QoQ7.28%
Sales growth YoY (latest quarter)61.00%
Profit growth YoY (latest quarter)74.37%
Per share
EPS (TTM)Rs 0.54
EPS (latest year)Rs 0.47
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs 0.39
EPS, 5-year averageRs 0.09
Book value per shareRs 3.98
Sales per shareRs 7.09
Cash flow per shareRs -2.25
Free cash flow per shareRs -2.60
Efficiency
Asset turnover0.26x
Fixed asset turnover10.77x
Inventory turnover4.14x
Inventory days88 days
Debtor days1085 days
Debtors turnover0.34x
Creditor days138 days
Cash conversion cycle1085 days
Working capital days1034 days
Leverage
Total debtRs 2,084 Cr
Cash and bankRs 246 Cr
Net debtRs 1,837 Cr
Debt to equity4.39x
Net debt / EBITDA22.47x
Interest coverage13.98x
Current ratio (filing 2026-03-31)6.00x
Quick ratio (filing 2026-03-31)5.69x
Trade payables (filing 2026-03-31)Rs 146 Cr
Owners' fund to total sources16.16%
Debt to assets70.96%
Cash flow
Cash from Operating Activity (latest year)Rs -269 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs -74 Cr
Net Cash Flow (latest year)Rs -367 Cr
Free cash flow (latest year)Rs -310 Cr
FCFE (approx.: FCF + change in debt)Rs -223 Cr
Cash from ops / profit, 5 years-8.01x
Statement figures
Net sales (TTM)Rs 846 Cr
Net sales (latest year)Rs 751 Cr
Sales (latest quarter)Rs 251 Cr
Operating profit excl. other income (latest year)Rs 48 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 82 Cr
PBDT (TTM)Rs 77 Cr
Profit before tax (TTM)Rs 64 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 64 Cr
Net profit (latest year)Rs 56 Cr
Net profit (latest quarter)Rs 19 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 604 Cr
Total expenditure (latest year)Rs 702 Cr
Total income (latest year)Rs 772 Cr
Share capitalRs 239 Cr
ReservesRs 236 Cr
Shareholders' fundsRs 475 Cr
Total assetsRs 2,937 Cr
Net blockRs 70 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 1 Cr
ReceivablesRs 2,233 Cr
InventoryRs 146 Cr
Other liabilitiesRs 378 Cr
Shares outstanding (crore)119.37
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.5 is the lowest in its own 2.4-year history (median 43.1, low 16.5, high 150.3).
P/B 2.24 is at the 7th percentile (median 7.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJYOTISTRUCNifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month-9.6%-6.8% -2.8 pts
3 months-24.9%-7.6% -17.3 pts
6 months-0.6%+0.4% -1.0 pts
1 year-42.9%-9.9% -33.0 pts
2 years-68.7%-13.6% -55.2 pts
3 years-39.5%+14.2% -53.6 pts
5 years-41.8%+27.9% -69.7 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -387% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹251 Cr +60.9% vs Jun 2025. Net profit ₹19 Cr +72.7%.
Against our estimate for Jun 2026: sales +9.3%, profit +12.3% in line. Our estimate for Sep 2026: sales Rs 229 Cr, profit Rs 17 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-02-10Rights 9:26 @ Premium Rs 14/-
2024-10-31Extra Ordinary General Meeting
2024-07-26Annual General Meeting
2024-03-21Rights 6:37 @ Premium Rs 13/-
2024-03-04Extra Ordinary General Meeting
2023-12-04Extra Ordinary General Meeting
2023-10-11Extra Ordinary General Meeting
2023-07-13Annual General Meeting
2022-09-21Annual General Meeting
2022-04-12Extra Ordinary General Meeting
2021-09-02 Annual General Meeting
2021-06-04 Annual General Meeting
2021-01-22 Annual General Meeting
2016-09-19 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-10Annual General Meeting
2013-07-11Annual General Meeting / Dividend - Re 0.80 Per Share
2012-07-09Annual General Meeting And Dividend Rs.1.10 Per Share
2011-07-08Annual General Meeting/Final Dividend Rs.1.10 Per Share And Special Dividend Re.0.40 Per Share
2011-01-13Rights Issue - 1 Ncd (Issue Price Rs.120/- Per Ncd) With 2 Detachable Warrants (Exercise Price Rs.120/- Per Warrant) For Every 8 Equity Shares
2010-08-30Annual General Meeting And Dividend Re.1/- Per Share
2009-08-13Agm/Div-Re.0.90 Per Share
2008-05-30Agm/Dividend - 40%
2007-06-19Agm/Dividend-30%
2006-07-28Fv Split-Rs.10/-To Rs.2/-0.2000
2006-06-16Agm/Dividend-20%
DateTypeWhat it says
2026-08-28Clarification - Financial ReThe Exchange has sought clarification from Jyoti Structures Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listi...
2026-08-14Shareholder meetingVoting results.
2026-08-13Shareholder meetingShareholders meeting
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Financial Results for the quarter ended June 30, 2026 Press Release".
2026-08-04Monitoring Agency ReportMonitoring Agency Report Rights Issue II for the Quarter Ended June 30, 2026
2026-08-04General UpdatesGeneral Updates
2026-08-04Integrated Filing- FinancialOutcome of Board Meeting dated August 04, 2026
2026-08-04Board meeting outcomeJyoti Structures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27CorrigendumCorrigendum to Annual Report for the FY 2025-2026
2026-07-22Shareholder meetingNotice of 51st Annual General Meeting to be held on August 13, 2026
2026-07-22Record DateRecord date for the purpose of 51st Annual General Meeting is 06-Aug-2026.
2026-07-20Board meeting outcomeOutcome of Board Meeting held on July 20, 2026.
2026-07-17DemiseDemise of , Chairman of the company on July 17, 2026.
2026-05-29ResignationResignation of Director/KMP/SMP
2026-05-29ResignationResignation of Director/KMP/SMP
2026-05-29ResignationResignation of Mr. Rajesh Kumar Singh as Chief Executive Officer of the company w.e.f. May 29, 2026.
2026-05-27General UpdatesIntimation on Direction from Hon ble National Company Law Appellate Tribunal, New Delhi Bench
2026-05-14Press ReleaseA press release dated May 14, 2026, titled "Press Release on the Jyoti Structures Limited Expands International Power Transmission Portfolio with Sri ...
2026-05-13Order winBagging/Receiving of orders/contracts
2026-04-30Press ReleaseA press release dated April 30, 2026, titled "Press Release for Financial Results for the quarter and year ended 31st March, 2026".
2026-04-30General UpdatesGeneral Updates about Appointment of Tax Auditor for the FY 26-27
2026-04-30General UpdatesGeneral Updates Appointment of Cost Auditor for the FY 2026-27
2026-04-30General UpdatesGeneral Updates about appointment of M/s. K N B J & Associates, Chartered Accountants (FRN 152532W) Associates, Chartered Accountants, as additional I...
2026-04-30General UpdatesGeneral Updates about appointment of M/s. Bhushan Khot and Co., Chartered Accountants, as Internal Auditor of the Company to conduct Internal audit f...
2026-04-30Monitoring Agency ReportMonitoring Agency Report for the Quarter March 31, 2026 for Rights Issue II
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Jyoti Structures Ltd?

Jyoti Structures Ltd (JYOTISTRUC) has a market capitalisation of Rs 1,081 Cr. at the 2026-10-01 close.

What is the P/E ratio of Jyoti Structures Ltd?

Jyoti Structures Ltd trades at a P/E of 16.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jyoti Structures Ltd's latest quarterly results?

In the Jun 2026 quarter, Jyoti Structures Ltd sales was Rs 251 Cr (+60.9% vs Jun 2025) and net profit was Rs 19 Cr.

What is the 52-week high and low of Jyoti Structures Ltd?

The 52-week high is Rs 15.49 and the 52-week low is Rs 7.94.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03