BSE: 504076 | NSE: | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jyoti Ltd is a average quality company.
The key valuation ratios of Jyoti Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jyoti Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -7.8% | -1.3% | -15.2% | 1.3% | -2.2% | -5.5% | 0.7% | 4.2% | 2.6% | 4.9% | - |
| Value Creation Index ⓘ | NA | NA | NA | -0.9 | NA | NA | -1.0 | -0.7 | -0.8 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 237 | 215 | 269 | 260 | 170 | 107 | 115 | 120 | 155 | 175 | 189 |
| Sales YoY Gr. | - | -9.3% | 25.3% | -3.4% | -34.7% | -36.7% | 7% | 4.5% | 28.5% | 13.5% | - |
| Adj EPS ⓘ | -66.2 | -48.3 | -46.2 | 3.9 | -1.9 | -5.3 | 0.7 | 0.6 | 3.8 | 3.5 | 4.4 |
| YoY Gr. | - | NA | NA | NA | -148.9% | NA | NA | -4.6% | 511.3% | -7.9% | - |
| BVPS (₹) ⓘ | -97.1 | -145.5 | -217.5 | -216.4 | -142.5 | -147.9 | -136.9 | -35.6 | -33.7 | -30.1 | -28.9 |
| Adj Net Profit ⓘ | -113 | -82.8 | -79.2 | 6.7 | -4.4 | -12.1 | 1.5 | 1.4 | 8.8 | 8.1 | 10 |
| Cash Flow from Ops. ⓘ | 63.6 | 36.1 | -10.9 | 37.2 | 50.4 | 2.6 | 32.8 | 39.7 | 16 | 23.2 | - |
| Debt/CF from Ops. ⓘ | 9.1 | 16.7 | -56.6 | 15.7 | 10.4 | 197.6 | 14.5 | 6.8 | 16 | 10.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -3.3% | 0.7% | 15.1% | 13.5% | ||||
| Adj EPS ⓘ | NA | NA | 75.1% | -7.9% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 4.7% | 79.6% | 127.5% | 99.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 133.2 | 45 | 27.6 | -1.9 | 1.3 | 3.8 | -0.5 | -0.8 | -11.5 | -11.6 | -14.8 |
| Op. Profit Mgn % ⓘ | -11.1 | 2.1 | 8.2 | 6.9 | 1.9 | -5.3 | 4.7 | 4.9 | 6.2 | 7.3 | 6.6 |
| Net Profit Mgn % ⓘ | -47.9 | -38.5 | -29.4 | 2.6 | -2.6 | -11.3 | 1.3 | 1.2 | 5.7 | 4.6 | 5.3 |
| Debt to Equity ⓘ | -3.5 | -2.4 | -1.7 | -1.6 | -1.6 | -1.5 | -1.5 | -3.3 | -3.3 | -3.5 | - |
| Working Cap Days ⓘ | 810 | 809 | 588 | 575 | 789 | 1,093 | 893 | 756 | 527 | 434 | 207 |
| Cash Conv. Cycle ⓘ | 459 | 476 | 333 | 318 | 452 | 666 | 548 | 404 | 219 | 181 | -18 |
Sales growth is growing at healthy rate in last 3 years 15.09%
Net Profit is growing at healthy rate in last 3 years 75.11%
Sales growth is good in last 4 quarters at 20.81%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.4 | 5 |
| TTM Sales (₹ Cr.) | 189 | 189 |
| BVPS (₹.) ⓘ | -28.9 | -24.7 |
| Reserves (₹ Cr.) ⓘ | -90 | -80 |
| P/BV ⓘ | -3.69 | -4.31 |
| PE ⓘ | 24.46 | 21.45 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 44.00 / 165.00 |
| All Time Low / High (₹) | 2.38 / 208.15 |
| Market Cap (₹ Cr.) | 246 |
| Equity (₹ Cr.) | 23.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 | 97.41 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 237 | 215 | 269 | 260 | 170 | 107 | 115 | 120 | 155 | 175 |
| Operating Expenses ⓘ | 265 | 210 | 247 | 242 | 167 | 113 | 110 | 114 | 145 | 163 |
| Manufacturing Costs | 6 | 5 | 4 | 6 | 4 | 3 | 2 | 2 | 5 | 6 |
| Material Costs | 198 | 159 | 195 | 188 | 122 | 74 | 79 | 85 | 112 | 123 |
| Employee Cost | 33 | 31 | 31 | 31 | 30 | 23 | 18 | 18 | 21 | 24 |
| Other Costs ⓘ | 28 | 16 | 18 | 17 | 11 | 13 | 10 | 9 | 7 | 9 |
| Operating Profit ⓘ | -28 | 4 | 22 | 18 | 3 | -6 | 5 | 6 | 10 | 13 |
| Operating Profit Margin (%) | -12.0% | 2.1% | 8.1% | 6.9% | 1.9% | -5.3% | 4.7% | 4.9% | 6.2% | 7.3% |
| Other Income ⓘ | 5 | 4 | 4 | 4 | 3 | 4 | 6 | 9 | 9 | 2 |
| Interest ⓘ | 76 | 79 | 75 | 3 | 2 | 2 | 2 | 1 | 1 | 1 |
| Depreciation ⓘ | 14 | 14 | 11 | 10 | 10 | 9 | 8 | 7 | 7 | 6 |
| Exceptional Items ⓘ | 0 | 0 | -64 | -8 | -2 | 0 | -2 | 0 | -7 | 0 |
| Profit Before Tax ⓘ | -113 | -84 | -124 | 0 | -7 | -13 | -1 | 6 | 3 | 7 |
| Tax ⓘ | 0 | -1 | 0 | -1 | -1 | -1 | -1 | 5 | -1 | -1 |
| Profit After Tax | -114 | -83 | -124 | 1 | -6 | -12 | 0 | 1 | 4 | 8 |
| PAT Margin (%) | -48.0% | -38.5% | -46.0% | 0.4% | -3.3% | -11.3% | 0.4% | 1.2% | 2.7% | 4.7% |
| Adjusted EPS (₹) | -66.3 | -48.3 | -72.3 | 0.6 | -2.4 | -5.3 | 0.2 | 0.6 | 1.8 | 3.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -162 | -245 | -368 | -367 | -325 | -337 | -312 | -78 | -74 | -66 |
| Share Capital ⓘ | 17 | 17 | 17 | 17 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves ⓘ | -179 | -262 | -386 | -384 | -348 | -360 | -335 | -101 | -97 | -89 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 519 | 529 | 618 | 583 | 525 | 521 | 477 | 271 | 126 | 76 |
| Long Term Debt | 319 | 279 | 233 | 191 | 161 | 178 | 119 | 216 | 126 | 76 |
| Short Term Debt | 200 | 250 | 385 | 392 | 363 | 343 | 358 | 55 | 0 | 0 |
| Trade Payables | 133 | 107 | 112 | 101 | 112 | 86 | 74 | 81 | 77 | 78 |
| Others Liabilities ⓘ | 183 | 226 | 212 | 200 | 144 | 131 | 114 | 20 | 146 | 184 |
| Total Liabilities ⓘ | 673 | 617 | 573 | 517 | 455 | 401 | 353 | 294 | 275 | 273 |
Fixed Assets | ||||||||||
| Gross Block | 185 | 185 | 187 | 189 | 190 | 190 | 190 | 170 | 169 | 171 |
| Accumulated Depreciation | 75 | 88 | 98 | 108 | 117 | 126 | 133 | 123 | 128 | 134 |
| Net Fixed Assetsⓘ | 110 | 97 | 89 | 82 | 73 | 65 | 57 | 47 | 41 | 37 |
| CWIP ⓘ | 34 | 34 | 32 | 29 | 26 | 26 | 15 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventories | 78 | 60 | 44 | 26 | 20 | 20 | 11 | 17 | 12 | 14 |
| Trade Receivables | 350 | 343 | 318 | 300 | 289 | 253 | 232 | 169 | 155 | 160 |
| Cash Equivalents | 17 | 13 | 19 | 17 | 9 | 11 | 15 | 12 | 20 | 31 |
| Others Assetsⓘ | 82 | 69 | 69 | 62 | 36 | 25 | 22 | 47 | 46 | 29 |
| Total Assets ⓘ | 673 | 617 | 573 | 517 | 455 | 401 | 353 | 294 | 275 | 273 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 64 | 36 | -11 | 37 | 50 | 3 | 33 | 40 | 16 | 23 |
| PBT ⓘ | -113 | -84 | -124 | 0 | -7 | -13 | -1 | 6 | 3 | 7 |
| Adjustment ⓘ | 101 | 89 | 151 | 21 | 10 | 7 | 10 | -4 | 6 | 6 |
| Changes in Working Capital ⓘ | 78 | 28 | -37 | 18 | 48 | 10 | 21 | 20 | 4 | 10 |
| Tax Paid ⓘ | -2 | 3 | -1 | -1 | -1 | -2 | 3 | 17 | 2 | 0 |
| Cash Flow From Investing Activity ⓘ | -7 | 3 | 0 | 1 | 2 | 3 | 5 | 8 | 8 | -1 |
| Capex | -12 | 0 | -3 | -3 | -1 | -1 | 0 | 0 | -1 | -3 |
| Net Investments | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 9 | 8 | 2 |
| Cash Flow From Financing Activityⓘ | -87 | -44 | 11 | -36 | -55 | -4 | -34 | -54 | -16 | -14 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 35 | 0 | 21 | 222 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -42 | -30 | 17 | -59 | 97 | -16 | -13 |
| Interest Paid ⓘ | -60 | -54 | -2 | -1 | -32 | -1 | -11 | -69 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -27 | 10 | 13 | 8 | -29 | -20 | 15 | -304 | 0 | 0 |
| Net Cash Flow ⓘ | -30 | -5 | 1 | 2 | -3 | 1 | 4 | -6 | 8 | 9 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.34 | 0.34 | 0.47 | 0.48 | 0.35 | 0.25 | 0.31 | 0.37 | 0.54 | 0.64 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 37 | N/A | N/A | N/A | 40 | 4 | 2.88 | Working Capital Days |
| Receivable Days | 547 | 570 | 430 | 434 | 634 | 921 | 770 | 608 | 382 | 329 |
| Inventory Days | 129 | 114 | 67 | 49 | 50 | 68 | 49 | 43 | 34 | 28 |
| Payable Days | 267 | 276 | 205 | 206 | 316 | 485 | 370 | 332 | 257 | 230 |
Jyoti made a modest beginning, as an engineering department of Alembic Chemical Works Ltd. Vadodara, under the leadership of (late )Rajmitra Bhailalbhai Amin. In 1943, the engineering department blossomed into an independent private ltd. company, starting with the manufacture of hydraulic pumps.
Jyoti Ltd is a leading ISO 9001: 2008 engineering company offering reliable quality products and services to clients in India and in the international market.
The Jyoti Group of Companies is a conglomeration of industrial units involved in manufacturing and marketing a wide range of electrical and hydraulic engineering equipment used extensively in the vital sectors of national and international economy.
Jyoti’s pro/engineer design service center is the first of its kind in the western region of the country. The center aims at virtual engineering by providing CAD/CAM/CAE solutions i.e. to improve designs, manufacturing process and enhance the product quality on one hand to reduce cost and time on the other hand.
The wide range of products and services offered are engineered by different product and service groups manned by competent professionals specializing in their respective fields. Jyoti has a country wide marketing network of zonal and branch offices and system houses. System houses serve as an extended arm of the network catering to the complete technical and commercial needs of customers.
Jyoti today is serving the vital sectors of national and international economy such as:
Product range of the company includes:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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