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Prices as of 9 Oct 2026 close · Not investment advice

Jyoti Structures Limited

NSE: JYOTISTRUCHeavy Electrical Equipment

Share price

₹8.93

+2.06% close of 9 Oct 2026

Market cap ₹1,067 CrP/E 16.7

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

58

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,067 Cr

P/E ratio

16.7

P/B ratio

2.2

ROCE

2.3%

ROE

10.8%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹14.6252-week low ₹7.97

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2023 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2023 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.1 times its growth rate, on earnings growth of 151%.

Profit growthPrice per ₹1 profitPer 1% growth
Jyoti Structures Limited — this one151%/yr16.7×—
Suzlon Energy Limited163%/yr16.4×—
Thermax Limited7%/yr68.1×₹9.7
Schneider Electric Infrastructure Limited27%/yr154.3×₹5.7
TD Power Systems Limited36%/yr89.8×₹2.5
Azad Engineering Limited150%/yr136.1×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 34 of 36 on returns, 32 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 2.3% on capital, ahead of 6% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹601 crore of cash before any plant spend, funded from lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Sales grew 61% and profit 77%, with profit landing just above pre-tax earnings on a small tax credit

Announced 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹251 Cr

Revenue vs last year

+61.2%

Revenue vs last quarter

+7.5%

Net profit

₹19 Cr

Profit vs last year

+76.9%

Profit vs last quarter

+8.1%

Net margin

7.7%

EPS

₹0.16

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,067 Cr
Prev close
₹8.93
52w High
₹15.0
52w Low
₹7.9
Enterprise value
₹2,905 Cr
Beta
1.8
Price CAGR 1y
-39.0%
Price CAGR 3y
-13.0%
Price CAGR 5y
-7.0%
Price CAGR 10y
-2.0%

Ratios

Return on assets
1.9%
PEG ratio
0.1
P/E ratio
16.7
P/B ratio
2.2
EV / EBITDA
46.9
Industry P/E
48.8
ROCE
2.3%
ROCE 5y average
1.3%
ROE
10.8%
Debt / Equity
4.4
Interest coverage
19.3
Dividend yield
0.0%
ROE 3y average
—
ROE last year
11.0%

Annual P&L

Annual revenue
₹751 Cr
Annual profit
₹56 Cr
Operating margin
6.0%
Net profit margin
7.5%
EBITDA margin
6.4%
Sales growth 3y
48.6%
Sales growth 5y
—
Profit growth 3y
151.0%
Profit growth 5y
15.0%
EPS
₹0.5
Sales growth TTM
50.0%
Profit growth TTM
55.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹251 Cr
Profit latest quarter
₹19 Cr
YoY quarterly sales growth
61.0%
YoY quarterly profit growth
72.7%
OPM latest quarter
8.4%

Balance Sheet

Book Value
₹4.0
Face Value
₹2.0
Total debt
₹2,084 Cr
Total cash
₹246 Cr
Borrowings
₹2,084 Cr
Reserves / Equity
1.0

Cash Flow

Operating cash flow
-₹269 Cr
Free cash flow
-₹310 Cr
FCF yield
-29.3%
Net cash flow
-₹367 Cr

Shareholding

Promoter holding
—
FII holding
1.2%
DII holding
0.0%
Public holding
98.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
B H E L448.5064.21,56,1710.31376.7182.77,697.740.39.1
A B B7,005.0096.31,48,4420.56362.38.03,558.921.029.9
CG Power & Ind894.50110.71,40,9260.15308.316.33,280.814.026.7
Hitachi Energy31,610.00118.31,40,8930.03294.2123.52,493.768.629.4
Siemens3,793.0089.81,35,0770.472,143.1-18.64,713.714.821.4
Siemens Ener.Ind3,344.0078.01,19,0870.12440.967.82,485.639.367.8
GE Vernova T&D4,316.3081.81,10,5190.23363.024.61,836.138.077.4
Jyoti Structures9.0316.81,0780.0019.574.4251.561.02.3
Median448.5033.76,1140.0441.215.5466.320.123.5

Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Siemens Energy India Limited, Siemens India

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales185815612988107137165156151209234251
Expenses181716012383101125152149142194217230
Material Cost9191120132101
Change in Inventories-8.97-21-10-4.80-10
Purchases of Stock-in-Trade00000
Employee Cost1818201427
Other Expenses49546577112
Operating Profit410-4667121379151721
OPM %2.1313-7.634.946.506.428.797.714.445.847.227.388.45
Other Income0371121265564
Exceptional items (within Other Income)00000
Interest0001000000122
Depreciation2222222333333
Profit before tax211155711121010151919
Tax %000-1942-6-23-94-104-1
Net Profit2111145711121110171819
EPS in Rs0.020.100.010.120.040.060.090.100.090.080.140.150.16
Diluted EPS in Rs0.090.080.140.150.16

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,6363,1112,9473241821604229451498751846
Expenses3,3253,0242,9263,47984182825441229434460702783
Material Cost434
Change in Inventories-45
Purchases of Stock-in-Trade0
Employee Cost70
Other Expenses244
Operating Profit3118721-3,154-658-812-254-36-017384862
OPM %92.800.70-973-361-4,948-826-03.80867
Other Income2855553600121262219
Exceptional items (within Other Income)0
Interest3194856711,0211,1061,5011,49500202.705
Depreciation405354292716107578.501313
Profit before tax-20-395-649-4,201-1,785-2,329-1,759-42-420355564
Tax %-5209-0-00000-48-0-2
Net Profit-9-396-704-4,201-1,785-2,329-1,759-42-429365664
EPS in Rs-0.73-23-41-245-104-136-103-0.43-0.040.250.300.470.53
Diluted EPS in Rs0.47
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-13%
5 years
—
3 years
49%
TTM
50%

Compounded profit growth

10 years
8%
5 years
15%
3 years
151%
TTM
55%

Stock price CAGR

10 years
-2%
5 years
-7%
3 years
-13%
1 year
-39%

Return on equity

10 years
—
5 years
—
3 years
—
Last year
11%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital16222222222222127127146238239
Reserves665365-298-5,584-7,348-9,701-11,38425-102-172324236
Borrowings1,4982,9425,1905,7186,3837,0077,4121,6911,8031,9161,9962,084
Other Liabilities2,3472,2511,4672,6343,3874,3515,367350457459457378
Minority Interest0.01
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 Assets4,5275,5796,3812,7902,4441,6781,4172,1932,2862,3503,0062,926

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2853995422,7404,28430,3821,58,0093,1831,6421,5721,085
Inventory Days8681621613032,6292,7451,284207127174137
Days Payable285240931,4652,86825,86038,7144,306429232293138
Cash Conversion Cycle862395111,4361,7197,1501,54,9872,9611,5371,4541,085
Working Capital Days64149-0-6,356-14,740-2,16,6141,58,8432,9371,5381,4301,034
ROCE %1530-0122

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
FIIs0.120.320.621.411.101.531.541.041.411.361.241.22
DIIs3.903.922.831.861.620.510.450.450.140.130.130
Public969697979798989998999999
No. of Shareholders60,71482,8991,02,9321,17,3931,81,0902,05,8962,05,2702,07,0672,06,5262,02,8242,01,9522,01,411

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -38.8% (₹14.60 → ₹8.93)Brick size ₹0.41 (fixed)Bricks 74
₹8.00₹10.00₹12.00₹14.00₹8.93Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹8.93 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1,838inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,30,32,822inr

2026-03-31

News

News and filings about Jyoti Structures Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • ACSR / AAC conductors & line cables
  • Bolts / nuts / fasteners & tower hardware
  • Cement (tower/substation foundations)
  • HR steel angles / structural steel (plates, sections)
  • Insulators / disc insulators
  • Zinc (hot-dip galvanising of towers/structures)

Depends on the price of

  • aluminium
  • steel
  • zinc

Sells to

  • Adani Energy Solutions Limited · Turnkey EPC 765kV/400kV transmission lines (towers, foundations, erection, stringing, comm…
  • Apraava Energy (formerly CLP India) · 400kV D/C transmission line, Rajasthan (CLP-group foreign-owned, unlisted)
  • Hydrotek · Supply of 33kV & 132kV transmission towers (export, Kuwait)
  • LIC-GTC · Supply of 11kV transmission towers (export, Kuwait)
  • Power Grid Corporation · Turnkey EPC Pkg-01 of +-800kV HVDC bipole line (Hexa Lapwing) KPS2-Nagpur, incl. tower des…
  • ReNew Power · 400kV Twin HTLS transmission line, Karnataka (NASDAQ-listed developer, not NSE-listed)
  • Sterlite Power Transmission Ltd · 400kV & 220kV D/C transmission lines, Goa & Karnataka (Rs.237cr, 2023); unlisted domestic…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Heavy Electrical Equipment
Classification
Capital Goods › Heavy Electrical Equipment
ISIN
INE197A01024

Plants

  • Ghoti (JSL) Tower Testing Station
  • Nashik Tower Manufacturing Unit 1
  • Nashik Tower Manufacturing Unit 2
  • Raipur Tower Manufacturing Unit

News impact

Big market events that reach Jyoti Structures Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Jul 2013unspecified₹0.8
9 Jul 2012unspecified₹1.1
8 Jul 2011special₹0.4
8 Jul 2011final₹1.1

Splits, bonuses & buybacks

  • daily-prices repair: 10 rows from NSE's archive (replace 3, delete 1, insert 6), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.