The Micro-Cap company, specializing in the manufacturing and marketing of electrical and hydraulic engineering equipment, is in focus upon receiving a work order from JWIL Infra Ltd for Rs. 6.35 Crores.
With a market capitalization of Rs. 138.15 crores on Friday, the shares of Jyoti Limited jumped upto 3.5 percent, making a high of Rs. 83.01 compared to its previous closing price of Rs. 80.18 per share.
Order Details
Jyoti Limited, engaged in the manufacturing and marketing of electrical and hydraulic engineering equipment, has received a Letter of Intent (LOI) worth approximately Rs. 6.35 crores (excluding GST) from JWIL Infra Ltd, Delhi, for a project located in Pirtand, Jharkhand.
The order involves the design, manufacture, and supply of six sets of Vertical Turbine (VT) Pumps with motors. The contract includes inclusive packing, forwarding, freight, and insurance, with a guarantee period of 30 months from commissioning or 36 months from dispatch, whichever is earlier, and the delivery is scheduled within 24–28 weeks from final technical document approval.
About the Company
Jyoti Limited, established in 1943 and headquartered in Vadodara, Gujarat, is a prominent Indian engineering company specializing in hydraulic and electrical equipment. The company offers a diverse range of products and services, including engineered pumps, turbines, hydro generators, rotating electrical machines, switchgear, and electronic control systems.
Key Financials
The company’s revenue rose by 25 percent from Rs. 42.04 crore to Rs. 52.56 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 1.12 crore to Rs. 3.92 crore during the same period.
Jyoti Limited’s stock appears potentially undervalued, with a P/E ratio of 13.39 significantly lower than the industry average of 30.38 and a very low PEG ratio of 0.06. Additionally, the company has demonstrated strong financial performance, with an impressive 3-year average net profit growth of 77.42 percent.
Written by Sridhar J
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