Jyoti Ltd - Stock Valuation and Financial Performance

BSE: 504076 | NSE: | Electric Equipment | Small Cap

Jyoti Share Price

49.73 -0.84 -1.66%
as on 19-Mar'24 13:13

DeciZen - make an informed investing decision on Jyoti

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Jyoti stock performance -

mw4me loader
P/E Ratio (SA):
28.69
Market Cap:
116.8 Cr.
52-wk low:
13.9
52-wk high:
66

Is Jyoti Ltd an attractive stock to invest in?

1. Is Jyoti Ltd a good quality company?

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

2. Is Jyoti Ltd undervalued or overvalued?

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

3. Is Jyoti Ltd a good buy now?

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.

10 Year X-Ray of Jyoti:

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 Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -15.5%-12.5%-6.8%-8.1%3.5%-1.4%-5.1%1.5%1.3%5.2%-
Value Creation
Index
NANANANA-0.8NANA-0.9-0.9-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 234237215269260170107115120155166
Sales YoY Gr.-1.1%-9.3%25.3%-3.4%-34.7%-36.7%7%4.5%28.5%-
Adj EPS -76.9-66.2-48.3-46.23.9-1.9-5.30.70.63.81.8
YoY Gr.-NANANANA-148.9%NANA-4.6%511.3%-
BVPS (₹) -30.3-97.1-145.5-217.5-216.4-142.5-147.9-136.9-35.6-33.7-32.7
Adj Net
Profit
-132-113-82.8-79.26.7-4.4-12.11.51.48.84
Cash Flow from Ops. -16463.636.1-10.937.250.42.632.839.716-
Debt/CF from Ops. -3.49.116.7-56.615.710.4197.614.56.816-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.5%-9.9%12.9%28.5%
Adj EPS NA-0.6%NA511.3%
BVPSNANANANA
Share Price -1% 35.1% 77.6% 214%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-497.5133.24527.6-1.91.33.8-0.5-0.8-11.5-5.3
Op. Profit
Mgn %
-20.1-11.12.18.26.91.9-5.34.74.96.27.3
Net Profit
Mgn %
-56.3-47.9-38.5-29.42.6-2.6-11.31.31.25.72.5
Debt to
Equity
-10.7-3.5-2.4-1.7-1.6-1.6-1.5-1.5-3.3-3.3-
Working Cap
Days
9058108095885757891,093893756527213
Cash Conv.
Cycle
5084594763333184526665484042198

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.87%

Sales growth is good in last 4 quarters at 14.18%

Return on Equity is Poor

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Jyoti Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 1.8
TTM Sales (₹ Cr.) 166 166
BVPS (₹.) -32.7 -28.6
Reserves (₹ Cr.) -99 -89
P/BV -1.54 -1.77
PE 28.69 28.41
From the Market
52 Week Low / High (₹) 13.93 / 65.96
All Time Low / High (₹) 2.38 / 208.15
Market Cap (₹ Cr.) 117
Equity (₹ Cr.) 23.1
Face Value (₹) 10
Industry PE 77.1

Management X-Ray of Jyoti:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *97.4297.4297.4297.4197.4197.4197.4197.4197.4197.41
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales234237215269260170107115120155
Operating Expenses 281265210247242167113110114145
Manufacturing Costs9654643225
Material Costs196198159195188122747985112
Employee Cost 37333131313023181821
Other Costs 392816181711131097
Operating Profit -47-28422183-65610
Operating Profit Margin (%) -20.1%-12.0%2.1%8.1%6.9%1.9%-5.3%4.7%4.9%6.2%
Other Income 7544434699
Interest 75767975322211
Depreciation 1014141110109877
Exceptional Items 000-64-8-20-20-7
Profit Before Tax -124-113-84-1240-7-13-163
Tax 40-10-1-1-1-15-1
Profit After Tax -128-114-83-1241-6-12014
PAT Margin (%) -54.8%-48.0%-38.5%-46.0%0.4%-3.3%-11.3%0.4%1.2%2.7%
Adjusted EPS (₹)-75.0-66.3-48.3-72.30.6-2.4-5.30.20.61.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -48-162-245-368-367-325-337-312-78-74
Share Capital 17171717172323232323
Reserves -65-179-262-386-384-348-360-335-101-97
Minority Interest0000000000
Debt546519529618583525521477271255
Long Term Debt359319279233191161178119216126
Short Term Debt18820025038539236334335855129
Trade Payables15813310711210111286748177
Others Liabilities 1321832262122001441311142017
Total Liabilities 788673617573517455401353294275

Fixed Assets

Gross Block180185185187189190190190170169
Accumulated Depreciation59758898108117126133123128
Net Fixed Assets1201109789827365574741
CWIP 313434322926261500
Investments 2111111111
Inventories97786044262020111712
Trade Receivables392350343318300289253232169155
Cash Equivalents 4717131917911151220
Others Assets100826969623625224746
Total Assets 788673617573517455401353294275

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1646436-1137503334016
PBT -124-113-84-1240-7-13-163
Adjustment 95101891512110710-46
Changes in Working Capital -1337828-3718481021204
Tax Paid -1-23-1-1-1-23172
Cash Flow From Investing Activity -2-730123588
Capex -4-120-3-3-1-100-1
Net Investments 0200000000
Others 2333333598
Cash Flow From Financing Activity 186-87-4411-36-55-4-34-54-16
Net Proceeds from Shares 200000350212220
Net Proceeds from Borrowing 0000-42-3017-5997-90
Interest Paid -70-60-54-2-1-32-1-11-690
Dividend Paid 0000000000
Others 236-2710138-29-2015-30474
Net Cash Flow 20-30-512-314-68
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.310.340.340.470.480.350.250.310.370.54
PAT to CFO Conversion(x)N/AN/AN/AN/A37N/AN/AINF404
Working Capital Days
Receivable Days638547570430434634921770608382
Inventory Days13512911467495068494334
Payable Days341267276205206316485370332257

Jyoti Ltd Stock News

Jyoti Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jyoti on 19-Mar-2024 13:13 is ₹49.73.
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 19-Mar-2024 13:13 the market cap of Jyoti stood at ₹116.8.
The latest P/E ratio of Jyoti as of 19-Mar-2024 13:13 is 28.69.
The latest P/B ratio of Jyoti as of 19-Mar-2024 13:13 is -1.54.
The 52-week high of Jyoti is ₹65.96 and the 52-week low is ₹13.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jyoti is ₹165.6 ( Cr.) .

About Jyoti Ltd

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:

  • Power (Thermal, Hydel and Nuclear) generation, Transmission and Distribution.
  • Agriculture, providing irrigation through pumping systems.
  • Water supply and sewerage schemes.
  • Defense-particularly Naval and marine establishments.
  • Railways.
  • Core industries like steel, cement, paper, sugar, fertilizers, chemicals and Petro-chemicals.

Product range of the company includes:

  • Pumps
  • Rotating Electrical Machines
  • Hydel System
  • L.T Switch Board
  • Switchgear
  • Minimum Oil Circuit Breakers (MOCBs)
  • Vacuum Circuit Breakers (VCBs) and Vacuum Contactors
  • Other electrical equipments

Achievements/ recognition:

  • Awards Received In Recognition of Significant Contributions.
  • Diffferent awards for fulfillment of Social Responsibilities
  • National Awards from Government of India.
  • ASSOCHAM Award.
  • FICCI Award.
  • Confederation of India Industry (CII, Formally known as AIEI) award.
  • Award for outstanding contribution as equipment manufacturer for the development of Small Hydro Power (SHP) in India.
  • Award for development of computer aided design for 6 MW Generator and 1400mm diameter Francis Turbine.
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