Jyoti Structures Ltd

About Jyoti Structures Ltd

Jyoti Structures Ltd is an Indian heavy electrical equipment company specializing in the design, manufacturing, and erection of transmission line towers and substation structures. It provides comprehensive EPC services for power transmission projects. Following a Corporate Insolvency Resolution Process (CIRP), the company has emerged with a restructured balance sheet, focusing on its core strengths in the power infrastructure sector.

Key Financial Ratios of Jyoti Structures Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Jyoti Structures Ltd's P/E ratio (TTM) is 20.94, compared to the industry median of 19.22 and large cap median of 19.18.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Jyoti Structures Ltd's P/B ratio is 2.47, compared to the industry median of 1.92 and large cap median of 1.92.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Jyoti Structures Ltd's P/S ratio is 1.56, compared to the industry median of 1.05 and large cap median of 1.05.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Jyoti Structures Ltd's PEG ratio is 1.38.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Jyoti Structures Ltd's EV/EBITDA ratio is 40.15.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Jyoti Structures Ltd's ROE is 11.79%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Jyoti Structures Ltd's ROA is 1.64%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Jyoti Structures Ltd's ROCE is 2%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Jyoti Structures Ltd's operating margin is 6.39%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Jyoti Structures Ltd's net margin is 7.46%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Jyoti Structures Ltd's current ratio is 5.43.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Jyoti Structures Ltd's debt-to-equity ratio is 4.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Jyoti Structures Ltd's interest coverage ratio is 19.33.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Jyoti Structures Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Jyoti Structures Ltd's EPS is 56.67.

(Source line: "Ratios as of 01 Oct 2026, based on last traded price of ₹9.84. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1974

• Headquarters: Mumbai, Maharashtra

• Core Offerings: Transmission Line Towers, Substation Structures, EPC Services for Power Transmission, Tower Testing

• Stock Listing: NSE (JYOTISTRUC), BSE (513250)

• Promoter: Jyoti Group

History of Jyoti Structures Ltd

Jyoti Structures Ltd was incorporated in 1974, steadily growing to become a prominent player in India's power transmission infrastructure. The company expanded its operations significantly through the 2000s, undertaking large-scale projects both domestically and internationally. However, facing severe financial stress due to high debt and project delays, the company was admitted into the Corporate Insolvency Resolution Process (CIRP) under the IBC in 2017. A resolution plan was approved by the NCLT in 2020, leading to a significant debt restructuring and a change in the company's financial and ownership structure. The company is now operating with a renewed focus on its core power transmission and distribution (T&D) business.

Business Segments and Revenue Mix

• Transmission Line Towers (TLT): Specializes in the design, manufacturing, and supply of transmission line towers for various voltage levels, including up to 765 kV. The company has in-house design capabilities and modern fabrication facilities.

• Substation Structures: Manufactures essential steel structures used in electrical substations, supporting critical power equipment.

• EPC Services: Offers comprehensive Engineering, Procurement, and Construction services for power transmission projects, covering everything from route surveys and civil works to tower erection and conductor stringing.

• Tower Testing Facilities: Operates one of India's largest tower testing stations, capable of testing transmission towers up to 1200 kV.

Key Personnel

Mr. Arvind P. Ghatpande: Whole-time Director & CEO. He has extensive experience in the power transmission sector, having been associated with Jyoti Structures in various capacities prior to and post-restructuring.

Subsidiaries and Associate Companies

['Jyoti Structures Inc. (USA)', 'Jyoti Structures (Africa) (Pty) Ltd. (South Africa)', 'Jyoti Structures S.A.R.L. (France)', 'Jyoti Structures SA (Pty) Ltd (South Africa)']

Corporate Actions

The company underwent a significant Corporate Insolvency Resolution Process (CIRP) under the IBC, which concluded with NCLT approval of a resolution plan in 2020. This involved substantial debt restructuring, capital reduction, and fresh issue of shares, leading to a complete overhaul of the company's balance sheet and ownership structure. Its GDRs were delisted from international exchanges in 2017.

References

1. Annual Report FY23 2. Exchange Filings (NSE/BSE) 3. Financial Results Announcements