Jyoti Structures Ltd. (JYOTISTRUC) AI Stock Analysis

• Market Cap: ₹13.05B
• Dividend Yield: N/A
• Average Volume (3M): 597.55K
• Price to Earnings (P/E): 28.1
• Beta (1Y): 1.83
• Revenue Growth: 59.98%
• EPS Growth: 22.83%
• Country: IN
• Employees: 197
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 0.08
• Shares Outstanding: 1,191,054,100
• 10 Day Avg. Volume: 325,686
• 30 Day Avg. Volume: 597,547
• PEG Ratio: 0.00
• Price to Book (P/B): 2.58
• Price to Sales (P/S): 2.92
• P/FCF Ratio: -7.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: ₹11.00 ▼(-20.58% Downside)

Jyoti Structures Ltd. is on a recovery path with improving financial performance, but high leverage and weak technical indicators present risks. The stock's valuation is relatively high, and the lack of a dividend yield may deter some investors. Continued financial improvements and a shift in technical momentum could enhance the stock's attractiveness.

Positive Factors

Revenue Growth

The significant revenue growth demonstrates Jyoti Structures Ltd.'s ability to capture market opportunities and expand its operations, suggesting a robust recovery path and enhanced market position in the power sector.

Improved Profitability

Turning positive in gross profit and net income indicates improved operational efficiency and cost management, which can lead to sustainable profitability and strengthen the company's competitive position.

Cash Flow Improvement

The improvement in operating cash flow, despite being negative, shows potential for future stability and better cash management, which is crucial for funding operations and reducing reliance on external financing.

Negative Factors

High Debt Levels

The high debt levels can strain the company's financial flexibility and increase risk, potentially impacting its ability to invest in growth opportunities and manage economic downturns effectively.

Historical Volatility

The historical volatility in financial performance suggests potential instability in operations and profitability, which can affect investor confidence and the company's ability to maintain consistent growth.

Negative Cash Flow

Despite improvements, the negative operating cash flow indicates ongoing challenges in converting revenue into cash, which could hinder the company's ability to sustain operations without external funding.

Jyoti Structures Ltd. Business Overview & Revenue Model

Company Description

Jyoti Structures Ltd. (JYOTISTRUC) is a leading infrastructure company based in India, specializing in the design, engineering, manufacturing, and construction of transmission lines, substations, and other electrical infrastructure. The company operates primarily in the power sector, offering a range of services that include project management, electrical equipment supply, and turnkey solutions for both domestic and international clients. With a strong commitment to innovation and quality, Jyoti Structures aims to support the growing energy demands through sustainable and efficient infrastructure development.

How the Company Makes Money

Jyoti Structures Ltd. generates revenue primarily through its engineering, procurement, and construction (EPC) contracts in the power sector. The company earns money by providing comprehensive solutions that encompass the design, supply, and installation of transmission lines and substations, which are critical for electricity distribution. Key revenue streams include long-term contracts with government and private sector clients, project execution fees, and sales of proprietary products like towers and other electrical components. Additionally, strategic partnerships with various stakeholders, including government agencies and international energy companies, enhance its market reach and contribute to its earnings. The company also benefits from initiatives in renewable energy projects, which are increasingly gaining traction in the market, potentially diversifying their revenue sources.

Jyoti Structures Ltd. Financial Statement Overview

Summary

Jyoti Structures Ltd. is showing signs of recovery with improved revenue and profitability. However, high leverage and historical volatility in financial metrics pose risks. The balance sheet and cash flow improvements are promising but need further strengthening.

Income Statement

Jyoti Structures Ltd. shows a strong recovery in revenue with significant growth over the years, particularly from 2023 to 2025. The gross profit and net income have turned positive, indicating improved profitability. However, the company experienced volatility in EBIT and EBITDA margins, suggesting operational challenges. Recent positive net profit margins indicate a potential turnaround, but historical losses highlight risks.

Balance Sheet

The company's high debt-to-equity ratio in earlier years has improved due to increased equity, but remains a concern for financial stability. Positive stockholders' equity in 2025 is a positive sign, although the overall equity ratio is still low. The balance sheet shows progress in improving financial health but remains heavily leveraged.

Cash Flow

There is an improvement in operating cash flow in 2025, although it remains negative. Free cash flow has shown growth from extremely negative values, indicating potential for future stability. The cash flow to net income ratios suggest inefficiencies in converting income into cash. The cash flow improvements are promising, but historical weaknesses persist.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.66B	4.98B	4.51B	2.29B	43.89M	0.00
Gross Profit	1.44B	985.80M	859.45M	368.27M	-182.92M	-100.20M
EBITDA	501.32M	440.40M	288.22M	17.95M	-351.87M	-2.55B
Net Income	416.33M	355.70M	288.55M	-40.73M	-425.27M	-17.59B
Balance Sheet
Total Assets	0.00	30.15B	23.40B	22.85B	21.93B	14.10B
Cash, Cash Equivalents and Short-Term Investments	5.14B	5.14B	401.72M	306.19M	838.78M	135.97M
Total Debt	0.00	19.96B	19.16B	18.03B	15.24B	74.12B
Total Liabilities	-5.62B	24.53B	23.66B	22.60B	20.41B	128.02B
Stockholders Equity	5.62B	5.62B	-255.62M	253.54M	1.52B	-113.92B
Cash Flow
Free Cash Flow	0.00	-1.90B	-294.13M	-542.57M	-1.01B	-21.89M
Operating Cash Flow	0.00	-1.72B	-194.79M	-438.64M	-995.45M	-21.89M
Investing Cash Flow	0.00	-182.60M	-68.92M	-90.17M	-1.74M	1.50M
Financing Cash Flow	0.00	6.15B	344.69M	-3.78M	1.70B	0.00

Jyoti Structures Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JYOTISTRUC, the sentiment is Negative. The current price of 13.85 is above the 20-day moving average (MA) of 11.57, above the 50-day MA of 13.04, and below the 200-day MA of 16.59, indicating a bearish trend. The MACD of -0.54 indicates Negative momentum. The RSI at 36.13 is Neutral, neither overbought nor oversold. The STOCH value of 18.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JYOTISTRUC.

Jyoti Structures Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SALASAR	69 Neutral	₹15.56B	50.11	―	―	27.20%	-45.92%
RAMKY	67 Neutral	₹43.11B	21.10	―	―	-15.09%	-15.98%
CAPACITE	64 Neutral	₹23.74B	12.15	―	―	15.23%	8.61%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BLKASHYAP	52 Neutral	₹13.29B	73.50	―	―	-4.30%	-99.86%
JYOTISTRUC	50 Neutral	₹13.05B	28.10	―	―	59.98%	22.83%

Jyoti Structures Ltd. Corporate Events

Jyoti Structures Ltd. Reports Financial Results and Expands Employee Stock Options

Jyoti Structures Ltd. announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, during a board meeting on November 12, 2025. The company also disclosed related party transactions and approved the allotment of equity shares under its Employee Stock Options Scheme (ESOS) 2021. This strategic move is expected to enhance employee engagement and align their interests with the company’s growth objectives, potentially improving operational efficiency and market positioning.