JYOTISTRUC
Jyoti Structures Limited
Jyoti Structures Limited (JYOTISTRUC) financial statements and selected valuation metrics through 30 June 2026.
Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment
jyotistructures.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹8.92
Market cap
1,065 Cr
Stock P/E
16.6
P/B
2.24
ROE (FY26)
11.8%
ROCE (FY26)
2.2%
Operating margin (FY26)
4.8%
Debt / equity (FY26)
4.39
OCF / EBITDA (FY26)
-555.9%
OCF / EBITDA (3Y)
-456.1%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
JSL (Jyoti Structures) is an engineering, procurement and construction (EPC) contractor that builds power transmission and distribution networks, including high-voltage lines and substations, for utilities and other power-sector customers in India and overseas.
Company snapshot
32ndBy market cap
Ranked among 38 companies in Heavy Electrical Equipment.
What we see
Positives
- ✓Interest coverage of 13.3x — earnings comfortably cover interest obligations.
Concerns
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81 Cr | 56 Cr | 129 Cr | 88 Cr | 107 Cr | 137 Cr | 165 Cr | 156 Cr | 151 Cr | 209 Cr | 234 Cr | 251 Cr |
| Operating expenses (approx.) | 71 Cr | 60 Cr | 123 Cr | 83 Cr | 101 Cr | 125 Cr | 152 Cr | 149 Cr | 142 Cr | 194 Cr | 217 Cr | 230 Cr |
| EBITDA | 10 Cr | -4 Cr | 6 Cr | 6 Cr | 7 Cr | 12 Cr | 13 Cr | 7 Cr | 9 Cr | 15 Cr | 17 Cr | 21 Cr |
| OPM % | 12.6% | -7.6% | 4.9% | 6.5% | 6.4% | 8.8% | 7.7% | 4.4% | 5.8% | 7.0% | 7.4% | 8.5% |
| Other income | 3 Cr | 7 Cr | 1 Cr | 1 Cr | 2 Cr | 1 Cr | 2 Cr | 6 Cr | 5 Cr | 5 Cr | 6 Cr | 4 Cr |
| Interest | 0.31 Cr | 0.07 Cr | 0.58 Cr | 0.05 Cr | 0.03 Cr | 0 Cr | 0.04 Cr | 0.02 Cr | 0.07 Cr | 1 Cr | 2 Cr | 2 Cr |
| Depreciation | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr |
| Profit before tax | 11 Cr | 1 Cr | 5 Cr | 5 Cr | 7 Cr | 11 Cr | 12 Cr | 10 Cr | 10 Cr | 15 Cr | 19 Cr | 19 Cr |
| Tax % | 0.0% | 0.0% | -194.1% | 1.8% | -5.5% | -2.1% | 2.9% | -9.0% | 4.4% | -10.1% | 3.8% | -1.0% |
| Net profit | 11 Cr | 1 Cr | 14 Cr | 5 Cr | 7 Cr | 11 Cr | 12 Cr | 11 Cr | 10 Cr | 17 Cr | 18 Cr | 19 Cr |
| EPS (₹) | ₹0.16 | ₹0.02 | ₹0.20 | ₹0.06 | ₹0.08 | ₹0.13 | ₹0.14 | ₹0.09 | ₹0.08 | ₹0.14 | ₹0.15 | ₹0.16 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 903 Cr | 325 Cr | 182 Cr | 16 Cr | 0 Cr | 4 Cr | 229 Cr | 451 Cr | 498 Cr | 751 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,439 Cr | 3,490 Cr | 843 Cr | 857 Cr | 255 Cr | 41 Cr | 229 Cr | 435 Cr | 460 Cr | 702 Cr | Sign in free for the trailing twelve months |
| EBITDA | -536 Cr | -3,164 Cr | -661 Cr | -840 Cr | -255 Cr | -36 Cr | -0.12 Cr | 16 Cr | 37 Cr | 48 Cr | Sign in free for the trailing twelve months |
| OPM % | -59.3% | -973.3% | -362.2% | -5119.0% | — | -825.8% | -0.1% | 3.6% | 7.5% | 6.4% | Sign in free for the trailing twelve months |
| Other income | 19 Cr | 3 Cr | 6 Cr | 0.42 Cr | 0.15 Cr | 1 Cr | 2 Cr | 12 Cr | 7 Cr | 22 Cr | Sign in free for the trailing twelve months |
| Interest | 845 Cr | 1,011 Cr | 1,104 Cr | 1,473 Cr | 1,494 Cr | 0 Cr | 0.38 Cr | 1 Cr | 0.12 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Depreciation | 63 Cr | 29 Cr | 27 Cr | 16 Cr | 10 Cr | 7 Cr | 5 Cr | 7 Cr | 9 Cr | 13 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -1,426 Cr | -4,201 Cr | -1,785 Cr | -2,329 Cr | -1,759 Cr | -42 Cr | -4 Cr | 20 Cr | 35 Cr | 55 Cr | Sign in free for the trailing twelve months |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -47.7% | -0.4% | -2.4% | Sign in free for the trailing twelve months |
| Net profit | -1,425 Cr | -4,201 Cr | -1,785 Cr | -2,329 Cr | -1,759 Cr | -42 Cr | -4 Cr | 29 Cr | 36 Cr | 56 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-130.20 | ₹-383.52 | ₹-162.92 | ₹-212.63 | ₹-160.58 | ₹-1.02 | ₹-0.06 | ₹0.41 | ₹0.40 | ₹0.47 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 22 Cr | 22 Cr | 22 Cr | 22 Cr | 22 Cr | 127 Cr | 127 Cr | 146 Cr | 238 Cr | 239 Cr |
| Reserves | -1,722 Cr | -5,584 Cr | -7,345 Cr | -9,701 Cr | -11,414 Cr | 25 Cr | -102 Cr | -172 Cr | 325 Cr | 236 Cr |
| Borrowings | 3,397 Cr | 3,528 Cr | 3,969 Cr | 4,526 Cr | 4,806 Cr | 1,691 Cr | 1,803 Cr | 1,916 Cr | 1,996 Cr | 2,084 Cr |
| Other liabilities | 3,891 Cr | 4,826 Cr | 5,803 Cr | 6,834 Cr | 7,996 Cr | 350 Cr | 457 Cr | 449 Cr | 447 Cr | 367 Cr |
| Total liabilities | 5,768 Cr | 2,790 Cr | 2,444 Cr | 1,678 Cr | 1,410 Cr | 2,193 Cr | 2,285 Cr | 2,340 Cr | 3,006 Cr | 2,926 Cr |
| Fixed assets (net) | 351 Cr | 90 Cr | 62 Cr | 43 Cr | 33 Cr | 27 Cr | 32 Cr | 33 Cr | 42 Cr | 69 Cr |
| CWIP | 26 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0.28 Cr | 1 Cr |
| Investments | 23 Cr | 0.46 Cr | 0.48 Cr | 0.40 Cr | 0.56 Cr | 0.65 Cr | 0 Cr | 0.88 Cr | 0.93 Cr | 0.90 Cr |
| Inventories | 160 Cr | 56 Cr | 57 Cr | 55 Cr | 48 Cr | 25 Cr | 73 Cr | 72 Cr | 94 Cr | 146 Cr |
| Trade receivables | 4,077 Cr | 2,435 Cr | 2,141 Cr | 1,366 Cr | 1,137 Cr | 1,900 Cr | 1,999 Cr | 2,031 Cr | 2,145 Cr | 2,233 Cr |
| Cash & bank | 45 Cr | 27 Cr | 19 Cr | 16 Cr | 14 Cr | 84 Cr | 31 Cr | 39 Cr | 464 Cr | 97 Cr |
| Other assets | 1,084 Cr | 181 Cr | 165 Cr | 198 Cr | 177 Cr | 157 Cr | 152 Cr | 165 Cr | 258 Cr | 377 Cr |
| Total assets | 5,768 Cr | 2,790 Cr | 2,444 Cr | 1,678 Cr | 1,410 Cr | 2,193 Cr | 2,285 Cr | 2,340 Cr | 3,006 Cr | 2,926 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 532 Cr | — | -9 Cr | -4 Cr | -2 Cr | -100 Cr | -44 Cr | -19 Cr | -177 Cr | -269 Cr |
| Cash from investing | -112 Cr | — | 0.49 Cr | 0.32 Cr | 0.15 Cr | -0.17 Cr | -9 Cr | -7 Cr | -13 Cr | -23 Cr |
| Cash from financing | -490 Cr | — | -0.04 Cr | 0.56 Cr | 0 Cr | 170 Cr | -0.38 Cr | 34 Cr | 615 Cr | -74 Cr |
| Net cash flow | -70 Cr | — | -9 Cr | -3 Cr | -2 Cr | 70 Cr | -53 Cr | 8 Cr | 425 Cr | -367 Cr |
| Free cash flow (OCF − Capex) | 528 Cr | — | -9 Cr | -4 Cr | -2 Cr | -101 Cr | -54 Cr | -29 Cr | -196 Cr | -310 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | — | — | -2.3% | -0.2% | 0.5% | 1.4% | 2.2% |
| ROE % | — | — | — | — | — | -28.0% | -16.0% | — | 6.3% | 11.8% |
| Debtor days | 1643 | 2726 | 4272 | 30378 | — | 157623 | 3174 | 1642 | 1569 | 1082 |
| Inventory days | 121 | 251 | 273 | 2715 | 3353 | 2813 | 173 | 131 | 175 | 123 |
| Days payable | 352 | 2295 | 2587 | 26713 | 38624 | 9434 | 357 | 240 | 295 | 123 |
| Cash conversion cycle | 1412 | 682 | 1958 | 6380 | -35271 | 151001 | 2989 | 1533 | 1449 | 1082 |
| OCF / EBITDA % | — | — | — | — | — | — | — | -119.1% | -474.4% | -555.9% |
| OCF / EBITDA % (3 years) | — | — | — | — | — | — | — | — | -449.0% | -456.1% |
| Debt / equity | — | — | — | 0.00 | 0.00 | 11.13 | 71.13 | — | 3.55 | 4.39 |
| Current ratio | 0.71 | 0.32 | 0.24 | 0.14 | 0.11 | 13.13 | 6.05 | 6.41 | 6.01 | 6.00 |
| Net debt / EBITDA | — | — | — | — | — | — | — | 114.83 | 41.01 | 41.05 |