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Last Updated: April 2, 2026, 3:11 am
Author: Getaka|Social: XLinkedIn

Jyoti Structures Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.47Undervalued by 10.29%vs CMP ₹10.40

P/E (24.8) × ROE (13.3%) × BV (₹4.26) × DY (2.00%)

₹7.74Overvalued by 25.58%vs CMP ₹10.40
MoS: -34.4% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹12.9536%Under (+24.5%)
Graham NumberEarnings₹6.2721%Over (-39.7%)
Net Asset ValueAssets₹4.2811%Over (-58.8%)
Earnings YieldEarnings₹4.1011%Over (-60.6%)
ROCE CapitalReturns₹4.0111%Over (-61.4%)
Revenue MultipleRevenue₹4.199%Over (-59.7%)
Consensus (6 models)₹7.74100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.0%

*Investments are subject to market risks

Analyst Summary

Jyoti Structures Ltd operates in the Power - Transmission/Equipment segment, current market price is ₹10.40, market cap is 1,235 Cr.. At a glance, stock P/E is 24.8, ROE is 13.3 %, ROCE is 1.61 %, book value is 4.26, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹7.74, around 25.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹498 Cr versus the prior period change of 10.4%, while latest net profit is about ₹36 Cr with a prior-period change of 24.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 22.2/7.92, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJyoti Structures Ltd. is a Public Limited Listed company incorporated on 27/05/1974 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1974PLC017494 and registration number is 017494. Currently Company is in…

This summary is generated from the stock page data available for Jyoti Structures Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

57
Jyoti Structures Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 1.6% WeakROE 13.3% GoodD/E -0.42 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No change
Earnings Quality55/100 · Moderate
OPM expanding (-413% → 6%) ImprovingWorking capital: 1,430 days Capital intensive
Quarterly Momentum90/100 · Strong
Revenue (4Q): +48% YoY AcceleratingProfit (4Q): +35% YoY Strong
Industry Rank50/100 · Moderate
P/E 24.8 vs industry 31.8 In-lineROCE 1.6% vs industry 18.2% Below peers3Y sales CAGR: 399% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:11 am

Market Cap 1,235 Cr.
Current Price 10.4
Intrinsic Value₹7.74
High / Low 22.2/7.92
Stock P/E24.8
Book Value 4.26
Dividend Yield0.00 %
ROCE1.61 %
ROE13.3 %
Face Value 2.00
PEG Ratio1.91

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jyoti Structures Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jyoti Structures Ltd 1,235 Cr. 10.4 22.2/7.9224.8 4.260.00 %1.61 %13.3 % 2.00
Indo Tech Transformers Ltd 1,347 Cr. 1,268 2,790/1,10015.0 3060.00 %37.8 %25.7 % 10.0
Bajel Projects Ltd 1,783 Cr. 154 264/13585.0 45.40.00 %12.9 %2.68 % 2.00
Aartech Solonics Ltd 116 Cr. 36.6 77.7/33.536.0 10.60.34 %5.64 %8.23 % 5.00
Transformers & Rectifiers India Ltd (TRIL) 8,234 Cr. 274 595/22430.9 44.80.07 %28.0 %23.4 % 1.00
Industry Average38,511.88 Cr1,451.6331.78294.380.70%18.23%15.50%5.25

All Competitor Stocks of Jyoti Structures Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 44156185815612988107137165156151209
Expenses 48149181716012383101125152149142194
Operating Profit -47410-466712137915
OPM % -9%4%2%13%-8%5%6%6%9%8%4%6%7%
Other Income 0103711212655
Interest 0000010000001
Depreciation 1222222223333
Profit before tax -5621115571112101015
Tax % 0%0%0%0%0%-194%2%-6%-2%3%-9%4%-10%
Net Profit -56211114571112111017
EPS in Rs -0.060.060.020.100.010.120.040.060.090.100.090.080.14

Last Updated: February 5, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:10 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,0133,6363,1112,94732418216-04229451498680
Expenses 2,6893,3253,0242,9263,47984182825441229434460637
Operating Profit 3243118721-3,154-658-812-254-36-0173843
OPM % 11%9%3%1%-973%-361%-4,948%-826%-0%4%8%6%
Other Income 528555536001212718
Interest 2383194856711,0211,1061,5011,495-00201
Depreciation 3640535429271610757812
Profit before tax 55-20-395-649-4,201-1,785-2,329-1,759-42-4203548
Tax % 32%-52%0%9%-0%-0%-0%-0%-0%-0%-48%-0%
Net Profit 38-9-396-704-4,201-1,785-2,329-1,759-42-4293650
EPS in Rs 2.94-0.73-23.11-41.12-245.22-104.17-135.95-102.67-0.43-0.040.250.300.41
Dividend Payout % 17%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-123.68%-4300.00%-77.78%57.51%-30.48%24.47%97.61%90.48%825.00%24.14%
Change in YoY Net Profit Growth (%)0.00%-4176.32%4222.22%135.29%-87.99%54.95%73.14%-7.14%734.52%-800.86%

Jyoti Structures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-17%
5 Years:98%
3 Years:384%
TTM:60%
Compounded Profit Growth
10 Years:8%
5 Years:15%
3 Years:42%
TTM:32%
Stock Price CAGR
10 Years:5%
5 Years:57%
3 Years:0%
1 Year:-34%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:13%

Last Updated: September 5, 2025, 8:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:30 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1616222222222222127127146238238
Reserves 667665365-298-5,584-7,348-9,701-11,38425-102-172325270
Borrowings 1,2021,4982,9425,1905,7186,3837,0077,4121,6911,8031,9161,9961,958
Other Liabilities 1,1192,3472,2511,4672,6343,3874,3515,367350457459457456
Total Liabilities 3,0064,5275,5796,3812,7902,4441,6781,4172,1932,2862,3503,0152,923
Fixed Assets 457469436425906243332732334252
CWIP 92228000000124
Investments 5555000111111
Other Assets 2,5354,0515,1365,9222,7002,3821,6351,3842,1662,2532,3152,9702,866
Total Assets 3,0064,5275,5796,3812,7902,4441,6781,4172,1932,2862,3503,0152,923

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 51-88-1,130-1,7641,190-9-4-2-100-36-19-177
Cash from Investing Activity + -80-40-81-84-639000-0-11-7-13
Cash from Financing Activity + 81771,2521,772-918-01-0170-734615
Net Cash Flow -214941-76-368-9-3-270-538425
Free Cash Flow -12-136-1,157-1,8151,182-9-4-2-101-48-28-196
CFO/OP 35%-22%-1,280%-8,488%-38%1%0%1%275%72,040%-113%-470%

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow323.00310.0085.0016.00-8.00-664.00-819.00-261.00-37.00-1.0016.0037.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2242853995422,7404,28430,382158,0093,1831,6421,573
Inventory Days 598681621613032,6292,7451,284207127174
Days Payable 135285240931,4652,86825,86038,7144,306429232293
Cash Conversion Cycle 148862395111,4361,7197,150154,9872,9611,5371,454
Working Capital Days 6864149-0-6,356-14,740-216,614158,8432,9371,5381,430
ROCE %17%15%3%0%-0%1%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 0.40%0.12%0.04%0.12%0.32%0.62%1.41%1.10%1.53%1.54%1.04%1.41%
DIIs 15.58%12.72%7.15%3.90%3.92%2.83%1.86%1.62%0.51%0.45%0.45%0.14%
Public 84.02%87.16%92.81%95.99%95.76%96.55%96.75%97.28%97.97%98.02%98.51%98.44%
No. of Shareholders 44,48049,13454,91060,71482,8991,02,9321,17,3931,81,0902,05,8962,05,2702,07,0672,06,526

Shareholding Pattern Chart

No. of Shareholders

Jyoti Structures Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 0.400.41-0.06-1.35-160.57
Diluted EPS (Rs.) 0.390.39-0.06-1.24-160.57
Cash EPS (Rs.) 0.370.490.02-0.55-159.67
Book Value[Excl.RevalReserv]/Share (Rs.) 4.73-0.34-0.041.95-1040.11
Book Value[Incl.RevalReserv]/Share (Rs.) 4.73-0.34-0.041.95-1040.11
Revenue From Operations / Share (Rs.) 4.196.183.610.060.00
PBDIT / Share (Rs.) 0.370.380.02-0.55-23.25
PBIT / Share (Rs.) 0.290.28-0.05-0.66-24.16
PBT / Share (Rs.) 0.290.26-0.06-0.66-160.58
Net Profit / Share (Rs.) 0.290.39-0.06-0.66-160.58
NP After MI And SOA / Share (Rs.) 0.290.39-0.06-0.67-160.57
PBDIT Margin (%) 8.846.200.75-801.770.00
PBIT Margin (%) 7.134.55-1.61-967.750.00
PBT Margin (%) 7.114.32-1.77-967.750.00
Net Profit Margin (%) 7.146.39-1.77-967.750.00
NP After MI And SOA Margin (%) 7.156.39-1.77-969.020.00
Return on Networth / Equity (%) 6.33-112.880.00-34.330.00
Return on Capital Employeed (%) 1.411.03-0.19-2.092.32
Return On Assets (%) 1.181.23-0.17-1.93-124.74
Long Term Debt / Equity (X) 3.34-72.66-653.4413.320.00
Total Debt / Equity (X) 3.55-74.97-681.4713.65-0.42
Asset Turnover Ratio (%) 0.180.190.100.000.00
Current Ratio (X) 6.026.416.0513.130.10
Quick Ratio (X) 5.826.215.8512.980.10
Inventory Turnover Ratio (X) 5.992.773.140.000.12
Interest Coverage Ratio (X) 367.0027.744.550.00-0.17
Interest Coverage Ratio (Post Tax) (X) 297.4229.60-9.770.00-0.17
Enterprise Value (Cr.) 3508.443404.592106.763007.914834.03
EV / Net Operating Revenue (X) 7.057.549.19685.380.00
EV / EBITDA (X) 79.66121.641225.36-85.48-18.99
MarketCap / Net Operating Revenue (X) 4.073.391.46319.530.00
Price / BV (X) 3.60-59.81-127.1611.320.00
Price / Net Operating Revenue (X) 4.073.391.46320.290.00
EarningsYield 0.010.01-0.01-0.03-34.46

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jyoti Structures Ltd. is a Public Limited Listed company incorporated on 27/05/1974 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1974PLC017494 and registration number is 017494. Currently Company is involved in the business activities of Construction/erection and maintenance of power, telecommunication and transmission lines. Company's Total Operating Revenue is Rs. 497.83 Cr. and Equity Capital is Rs. 237.69 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentValecha Chambers, 6th Floor, New Link Road, Mumbai Maharashtra 400053Contact not found
Management
NamePosition Held
Mr. Abdul Hameed KhanWhole Time Director
Mr. Abhinav R AngirishNon Executive Director
Dr. Govind Prasad SahaInd. Non-Executive Director
Mrs. Monica Akhil ChaturvediInd. Non-Executive Director
Dr. Rajendra Prasad SinghInd. Non-Executive Director
Mr. Rajeev B BatraInd. Non-Executive Director

FAQ

What is the intrinsic value of Jyoti Structures Ltd and is it undervalued?

As of 21 April 2026, Jyoti Structures Ltd's intrinsic value is ₹7.74, which is 25.58% lower than the current market price of ₹10.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.3 %), book value (₹4.26), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jyoti Structures Ltd?

Jyoti Structures Ltd is trading at ₹10.40 as of 21 April 2026, with a FY2026-2027 high of ₹22.2 and low of ₹7.92. The stock is currently near its 52-week low. Market cap stands at ₹1,235 Cr..

How does Jyoti Structures Ltd's P/E ratio compare to its industry?

Jyoti Structures Ltd has a P/E ratio of 24.8, which is below the industry average of 31.78. This is broadly in line with or below the industry average.

Is Jyoti Structures Ltd financially healthy?

Key indicators for Jyoti Structures Ltd: ROCE of 1.61 % is on the lower side compared to the industry average of 18.23%. Dividend yield is 0.00 %.

Is Jyoti Structures Ltd profitable and how is the profit trend?

Jyoti Structures Ltd reported a net profit of ₹36 Cr in Mar 2025 on revenue of ₹498 Cr. Compared to ₹-42 Cr in Mar 2022, the net profit shows an improving trend.

Does Jyoti Structures Ltd pay dividends?

Jyoti Structures Ltd has a dividend yield of 0.00 % at the current price of ₹10.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jyoti Structures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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