Jyoti CNC Automation Ltd - Stock Valuation and Financial Performance

BSE: 544081 | NSE: JYOTICNC | Engineering - Industrial Equipments | Small Cap

Jyoti CNC Automation Share Price

1,330.35 -41.05 -2.99%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Jyoti CNC Automation

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Jyoti CNC Automation stock performance -

mw4me loader
P/E Ratio (SA):
129.56
Market Cap:
30,255.2 Cr.
52-wk low:
370.1
52-wk high:
1,501.7

Is Jyoti CNC Automation Ltd an attractive stock to invest in?

1. Is Jyoti CNC Automation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jyoti CNC Automation Ltd is a good quality company.

2. Is Jyoti CNC Automation Ltd undervalued or overvalued?

The key valuation ratios of Jyoti CNC Automation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Jyoti CNC Automation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jyoti CNC Automation Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Jyoti CNC Automation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jyoti CNC Automation Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.8%11.8%11.3%11.9%13.6%7.4%4.8%9.3%11.6%17.1%-
Value Creation
Index
0.20.100.10.2-0.3-0.6-0.20.00.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4464645066377915614376788281,1901,433
Sales YoY Gr.-3.9%9.2%25.8%24.2%-29.1%-22.2%55.4%22.1%43.6%-
Adj EPS 1.41.60.91.52.40.6-1.81.41.46.110.3
YoY Gr.-14.8%-41.9%63.3%60.5%-76.3%-412.5%NA0%328.7%-
BVPS (₹) 18.921.722.225.32727.826.827.929.477.282.1
Adj Net
Profit
19.422.312.921.734.88.3-25.82123.6139234
Cash Flow from Ops. 65.512111182113-7.843.426.420.7-64.9-
Debt/CF from Ops. 6.942.74.62.63.6-66.912.822.830.2-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.5%8.5%39.7%43.6%
Adj EPS 18.3%21%NA328.7%
BVPS16.9%23.4%42.3%162.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.17.74.16.392.1-6.45.25.312.412.9
Op. Profit
Mgn %
21.622.519.717.615.313.312.516.514.122.925.7
Net Profit
Mgn %
4.34.82.53.44.41.5-5.93.12.911.716.3
Debt to
Equity
1.71.71.61.311.31.41.51.30.10
Working Cap
Days
482504503446383563790542476391192
Cash Conv.
Cycle
209243245195155238203256216150141

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.90%

Sales growth is growing at healthy rate in last 3 years 39.68%

Sales growth is good in last 4 quarters at 45.29%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Jyoti CNC Automation Ltd.

Standalone Consolidated
TTM EPS (₹) 10.3 12.1
TTM Sales (₹ Cr.) 1,433 1,621
BVPS (₹.) 82.1 65.7
Reserves (₹ Cr.) 1,822 1,449
P/BV 16.21 20.25
PE 129.56 110.23
From the Market
52 Week Low / High (₹) 370.05 / 1501.65
All Time Low / High (₹) 370.05 / 1501.65
Market Cap (₹ Cr.) 30,255
Equity (₹ Cr.) 45.5
Face Value (₹) 2
Industry PE 59.3

Management X-Ray of Jyoti CNC Automation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.001.79
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jyoti CNC Automation

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4464645066377915614376788281,190
Operating Expenses 350360407525670487382569711918
Manufacturing Costs22212429642536505066
Material Costs228234272366486322245398504667
Employee Cost 4042476376707182104125
Other Costs 60626367447030385359
Operating Profit 961041001121217455109117272
Operating Profit Margin (%) 21.6%22.5%19.7%17.6%15.3%13.3%12.5%16.1%14.1%22.9%
Other Income 19514101615168328
Interest 56616968586266657166
Depreciation 19182022242626272627
Exceptional Items 0000000000
Profit Before Tax 40302532552-212652187
Tax 1186920-7-271347
Profit After Tax 28221822359-201939140
PAT Margin (%) 6.4%4.8%3.6%3.5%4.4%1.6%-4.6%2.8%4.7%11.8%
Adjusted EPS (₹)2.01.61.31.52.40.6-1.41.32.46.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2723113193723984093954114841,757
Share Capital 29292929292929293345
Reserves 2432822903433683803663814511,711
Minority Interest0000000000
Debt42347046846739849650656157692
Long Term Debt1641691731441121341411401143
Short Term Debt25930129632328636236542146289
Trade Payables124153159202247227257218365354
Others Liabilities 9012511610011410114413415999
Total Liabilities 9091,0591,0631,1411,1581,2331,3021,3251,5842,301

Fixed Assets

Gross Block324358389430459487497512531604
Accumulated Depreciation107124144166189215242267293320
Net Fixed Assets218234245264270272255245238285
CWIP 2391318161251143
Investments 2929292930293131185245
Inventories351405409429451492552538715792
Trade Receivables141201177145181180190241169234
Cash Equivalents 2717147818132012315
Others Assets141171180254200225249244254387
Total Assets 9091,0591,0631,1411,1581,2331,3021,3251,5842,301

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6612111182113-8432621-65
PBT 40302532552-212639187
Adjustment 70748485747984867387
Changes in Working Capital -34-86871-7-79-19-85-85-288
Tax Paid -10-7-4-5-9-90-1-7-50
Cash Flow From Investing Activity -49-22-46-9020-41-13-8-22-231
Capex -30-35-38-44-38-26-9-9-24-106
Net Investments 0000-20-5-12-132
Others -1913-8-4660-151107
Cash Flow From Financing Activity -110-70-92-13449-31-182527
Net Proceeds from Shares 000100000501,126
Net Proceeds from Borrowing 000-34-390935-26-111
Interest Paid -52-62-69-68-58-62-66-65-71-66
Dividend Paid 0000000000
Others 4263-10-37111261249-421
Net Cash Flow 6-10-51-10000231
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.457.665.826.439.042.26-4.944.788.7912.5
ROCE (%)13.7511.7911.2811.8813.637.374.769.2811.6317.09
Asset Turnover Ratio0.540.520.530.590.690.470.340.520.570.61
PAT to CFO Conversion(x)2.360.556.178.273.23-0.89N/A1.370.54-0.46
Working Capital Days
Receivable Days13612212390751171551169062
Inventory Days236270265234203307437293276231
Payable Days249216210180169269360217211197

Jyoti CNC Automation Ltd Stock News

Jyoti CNC Automation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jyoti CNC Automation on 20-Dec-2024 16:59 is ₹1,330.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Jyoti CNC Automation stood at ₹30,255.2.
The latest P/E ratio of Jyoti CNC Automation as of 20-Dec-2024 16:59 is 129.6.
The latest P/B ratio of Jyoti CNC Automation as of 20-Dec-2024 16:59 is 16.21.
The 52-week high of Jyoti CNC Automation is ₹1,501.7 and the 52-week low is ₹370.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jyoti CNC Automation is ₹1,433 ( Cr.) .

About Jyoti CNC Automation Ltd

Jyoti CNC Automation was originally incorporated as ‘AMB Engineering Company Private Limited’, at Gujarat as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on January 17, 1991. Thereafter, pursuant to a special resolution passed by the Shareholders of the company on April 19, 2002, the company’s name was changed to ‘Jyoti CNC Automations Private Limited’, and a fresh certificate of incorporation dated May 08, 2002, was issued to the Company by the RoC. Subsequently, pursuant to a special resolution passed by the Shareholders of the Company on April 04, 2008, the Company’s name was changed to ‘Jyoti CNC Automation Private Limited’, and a fresh certificate for incorporation dated April 28, 2008 was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders of the Company on September 17, 2012 and the name of the Company was changed to its present name, ‘Jyoti CNC Automation Limited’, pursuant to a fresh certificate of incorporation issued by the RoC on November 30, 2012. 

The company is one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting around 10% of the market share in India in Fiscal 2023. It is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs). The company relies on its expertise built over many decades of presence and strong R&D capabilities to deliver customised solutions to its customers across diverse set of industries including aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others. 

The company offers solutions suited for transitioning towards ‘Industry 4.0’, including its flagship multifunctional solutions package viz. ‘7th Sense’ - which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health and tool life of the CNC machine. Its ability to deliver high precision multi-purpose products is also enabled by its dedicated R&D facility at Rajkot, Gujarat (R&D Centre) and its R&D team in Strasbourg, France. R&D is key element of its ability to offer customised products to its customers. It is also a critical aspect of product development, and is integral to its process optimisation which ensures that it continues to evolve with the changing industry landscape.

Business area of the company

The company is one of the world’s leading manufacturers of metal cutting Computer Numerical Control machines.

Products of the company 

  • CNC turning centers and CNC turn mill center
  • CNC vertical machining center
  • CNC horizontal machine center
  • CNC simultaneous 5-Axis machining centers
  • CNC multitasking machines

Awards and accreditations

  • 2013: Hercules Award by Gujarat Innovation Society for Converting SSI to Indian MNC.
  • 2016: Received an award for excellence from Rajkot Chamber of Commerce and Industry.
  • 2017: Received ‘Best Innovative Product Award’ in INTEC Exhibition at Coimbatore, India.
  • 2018: Received ‘The Best Metal Cutting Brand 2018’ by The Economic Times as a symbol of excellence in the metal cutting industry.
  • 2019: Received ‘Best Innovative Product Award’ in INTEC Exhibition at Coimbatore, India.
  • 2019: Received ‘The Best Metal Cutting Brands 2019’ award by the Economic Times, India.
  • 2020: Received ‘The Best Interior Award’ at Jamnagar Tech Fest.
  • 2020: Received ‘The Best Metal Cutting Brand 2020’ award by the Economic Times, India.
  • 2021: Received ‘Economic Times, The Best Metal Cutting Brand 2021’ as a best brand in the metal cutting industry.
  • 2021: Received ISO 14001:2015 accreditation from TUV with respect to implementation of Environment Management System.
  • 2021: Received ISO 45001:2018 accreditation from TUV with respect to implementation of Occupational Health and Safety Management System.
  • 2021: Received ISO 9001:2015 accreditation from TUV with respect to implementation of Quality Management System.
  • 2022: Received ‘The Best Metal Cutting Brand 2022’ award by the Economic Times, India.
  • 2022: Received a recognition for ‘Non- IT Fraternity Digital Change Maker’ and ‘Stalwart Torch Bearer and Doyen of Futuristic Digitalization Adoption in Gujarat’s Business Fraternity’ at Digital Management Conclave.
  • 2022: Received recognition of support as a silver partner at 8th Machine Tool Industry Summit, organized by Indian Machine Tool Manufacturers’ Association.

History and milestones

  • 1991: The Company was incorporated.
  • 2003: The Company manufactured and sold 165 special purpose machines and 3 vertical machining centres.
  • 2007: Acquired Huron Graffenstaden SAS, its Material Subsidiary.
  • 2007: The installed capacity of the Company increased to 1,500 machines per annum.
  • 2008: The Company inaugurated a Research and Development facility at Rajkot, Gujarat
  • 2016: The Company entered into a memorandum of understanding with a research institution constituted by the Government of India for development of 5 Axis CNC Multi-Tasking Machine.
  • 2017: Launched 7th SENSE, an Industry 4.0 initiative which is geared towards automating sophisticated and repetitive functions diagnostic and analytical functions which enables seamless management of productivity, health and tool life of the CNC machine.
  • 2017: Launched a large sized double column machining center KX300 with fork head feature to cater aerospace and defense segments.
  • 2019: Launched an Artificial Intelligence (A.I) system named ‘Preci Protect’ which is used as collision prevention technology, which senses the collision in real time and protects the machine from accident.
  • 2020: Launched U Mill Series targeted at aerospace and defence sector. The U Mill series is 5 Axis Vertical Machining Centers with cradle type rotary tilting table with smaller footprint.
  • 2022: Developed a Vertical Shaft Turning Machine named VST 160 with integrated auto loading and unloading system targeted to cater Electric Vehicles.
  • 2023: Introduced HP Series which is a Horizontal Machining Centers designed for manufacturing highly precision applications for Defense and General Engineering segments.
  • 2024: The consolidated order book crossed Rs 3,300 crore.

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