JYOTISTRUCIndustrials

Jyoti Structures Limited

Heavy Electrical Equipment · ISIN INE197A01024 · BSE 513250 · NSE EQ · FV ₹2
Last price
₹9
+1.00%today
What this company does

Jyoti Structures Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹251 cr of revenue in its latest quarter (Q1 FY27) and kept 7.7% of sales as profit.

Jyoti Structures Limited is one of India’s leading engineering, procurement and construction companies in the power transmission and distribution sector.
In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 166–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
30

At close. Not part of the score.

Profitability & returns48

How much profit it earns on the money it employs

Balance sheet39

How much it owes, and whether earnings cover the interest

Cash quality1

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation64

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 61% vs last year
Profit up 74% vs last year
No promoter shares pledged
Strong 16% return on equity
Watch-outs
! Thin 7.7% net margin
! Carries high debt (D/E 4.4)
! Operating cash flow is negative

What if I invest in JYOTISTRUC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹9 +1.00%
latest close · 2026-09-17
1-year return
-13.2%
52-wk low ₹952-wk high ₹26
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.2Low
LowAverageHigh
P/B ratio2.29Moderate
Below bookModerateHigh
EV / EBITDA30.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.4%Strong
WeakFairStrong ▸15%
Return on capital3.5%Weak
WeakFairStrong
Net margin7.7%Decent
ThinDecentStrong
EBITDA margin9.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity4.39High
LowModerateHigh ▸1
Interest cover9.6×Strong
RiskyOkayStrong ▸5×
Current ratio6.00Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,087 cr
Book value
₹4
EPS
₹0.16
latest quarter
Net debt
₹1,986 cr
owes more than its cash
Enterprise value
₹3,074 cr
EBITDA
₹100 cr
annualised
EBIT
₹86 cr
annualised
Operating margin
8.6%
Return on assets
2.7%
Earnings yield
7.03%
P/S
1.08
Sales / share
₹8.4
Tax rate
-1.0%
Face value
₹2
Shares
119.4 cr
Working capital
₹2,373 cr
Current assets
₹2,848 cr
Current liabilities
₹475 cr
Delivery %
54.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹251 cr
Other Income₹4 cr
Total Income₹255 cr
Cost of Materials₹101 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-10 cr
Employee Benefit Expense₹27 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹112 cr
Total Expenses₹236 cr
Profit before Tax₹19 cr
Tax Expense₹-19 L
Net Profit₹19 cr
Net margin on total income7.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹91 cr35.6%
Employee benefit expense₹27 cr10.6%
Finance costs₹2 cr0.9%
Depreciation & amortisation₹3 cr1.4%
Other expenses₹112 cr44.0%
Profit for the period₹19 cr7.6%
Total income ₹255 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue209 cr234 cr251 cr
Total income214 cr241 cr255 cr
Expenses199 cr222 cr236 cr
Profit before tax15 cr19 cr19 cr
Tax-2 cr71 L-19 L
Net profit (owners' share)17 cr-6 cr19 cr
Net margin (owners' share, on revenue)8.1%-2.7%7.7%
EPS (₹)0.140.150.16
YoY (latest quarter): total income +57.1% · net profit +74.4%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹2,926 cr
Shareholder equity
₹475 cr
parent shareholders
Total debt
₹2,084 cr
Cash
₹97 cr
Cash flow · H1 FY26
Operating
₹-138 cr
Investing
₹-8 cr
Financing
₹-125 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.8
ex 11 Jul 2013
ActionDetailEx-date
Rights issue26:910 Feb 2025
Rights issue37:621 Mar 2024
Dividend₹0.8 / share11 Jul 2013
Dividend₹1.1 / share9 Jul 2012
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
1.2%
DII / Domestic
0.1%
Retail / others
98.6%
Smart-money activity
Insider trades
SoldFOLLIS ADVISORY LLP · -28.26 L · ₹3.3 cr13 Sep 23
SoldFOLLIS ADVISORY LLP · -28.26 L · ₹3.3 cr13 Sep 23
SoldFOLLIS ADVISORY LLP · -28.26 L · ₹3.3 cr13 Sep 23
Bulk / block deals
short · NSE2,00010 Jun 26
short · NSE28 Apr 26
short · NSE5,38425 Mar 26
Stake changes
SoldApollo Jyoti, LLC along with PAC→ 0.75% · 59.53 L30 Oct 24
SoldAION Jyoti, LLC along with PAC→ 2.11% · 1.65 cr30 Oct 24
SoldAION Jyoti, LLC→ 4.00% · 1.65 cr9 Oct 24
Promoter pledges
InvokedYes BanK Ltd54.31 L · 4.96% held9 Jun 16
PledgedState Bank Of India38.05 L · 1.88% held12 Aug 15
PledgedState Bank of India1.17 L · 1.77% held13 Apr 15
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2026
See the official result
1
TO CONSIDER AND ADOPT THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON
This filing does not break the votes down by shareholder group.
2
TO CONSIDER AND ADOPT THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORTS OF THE AUDITORS THEREON
This filing does not break the votes down by shareholder group.
3
INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENTIAL AMENDMENT IN MEMORANDUM OF ASSOCIATION OF THE COMPANY
This filing does not break the votes down by shareholder group.
4
APPOINTMENT OF BRANCH AUDITORS FOR THE FINANCIAL YEAR 2026-2027
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹460 cr raised in Mar 2025 by offering new shares to existing shareholders

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet. Care Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.