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DP Money Watch: Jyoti Limited - A Stock For All Seasons

September 14, 2009 by Ashok  
Filed under Business, Financial Markets

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Jyoti Ltd. is an ISO 9001:2008 Engg.Co. that caters to the requirements of

  • Power (Thermal, Hydel and Nuclear) generation, Transmission and Distribution.
  • Agriculture, providing irrigation through pumping systems.
  • Water supply and sewerage schemes.
  • Defense-particularly Naval and marine establishments.
  • Railways.
  • Core industries like steel, cement, paper, sugar, fertilizers, chemicals and Petro-chemicals.

Recently, Jyoti Ltd. bagged a prestigious order worth Rs.541 crores, the largest single order in its history and the largest pump order in India, from the government of Karnataka. The pending orders with the company amount to more than Rs 1000 crores versus its market capitalization of less than Rs. 52 crores at CMP of Rs 40. Its most saleable system in India and abroad is the Jyoti Pumping System for large lift irrigation schemes

On the Financial front the company is expected to come out with better results during FY10 and subsequent years.

Scrip Code : 504076 Company : Jyoti Ltd
Type Audited Audited Audited Un-Audited
Period Ending 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06
No. of Months 12 12 12 12
Description Amount(Rs. million)
Net Sales / Interest Earned / Operating Income 2,533.30 2,076.20 1,457.80 1,042.90
Other Income 5.60 4.10 3.40 2.50
Total Income 2,538.90 2,080.30 1,461.20 1,045.40
Expenditure -2,317.20 -1,828.10 -1,269.80 -915.70
Operating Profit 221.70 252.20 191.40 129.70
Interest -137.30 -123.60 -120.00 -96.10
Profit Before Depreciation and Tax 84.40 128.60 71.40 33.60
Depreciation -19.60 -17.60 -14.40 -14.50
Profit before Tax 64.80 111.00 57.00 19.10
Tax -16.80 -5.10 -1.80 25.10
Profit after Tax 48.00 105.90 55.20 44.20
Extraordinary Items -1.60 -1.20 -5.00 -
Net Profit 46.40 104.70 50.20 44.20
Equity Capital 129.80 126.90 126.90 115.60
Reserves 412.10 323.20 218.60 63.10
Basic And Diluted EPS after Extraordinary item 3.58 8.35 4.34 -
Nos. of Shares - Public 10,087,177.00 9,860,577.00 9,860,307.00 8,720,597.00
Percent of Shares-Public 77.68 77.73 77.73 75.41
Operating Profit Margin 8.75 12.15 13.13 12.44
Net Profit Margin 1.83 5.04 3.44 4.24
Cash EPS 5.08 9.64 - -

Results reproduced from BseIndia

Buy at CMP is recommended with atleast one year HOLD. Jyoti Ltd. may turn out to be a multibaggar.

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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