BSE: 505750
JOSTS ENGINEERING CO.LTD.
Manufactures engineered products and provides engineering, procurement and construction (EPC) services from India, after exiting its Material Handling business through the sale of subsidiary JECL Engineering Limited in February-March 2026. FY26 consolidated revenue was Rs 246.64 crore; on a standalone basis reported revenue declined to Rs 20,047 lakh but profit was inflated by a Rs 3,402 lakh exceptional gain from the JECL sale. The remaining operating divisions are the Engineered Products Division (EPD) and EPC; at Q1 FY27 the order book stood at Rs 8,190 lakhs in EPD and Rs 7,041 lakhs in EPC. A small MHE Rentals stream that contributed roughly Rs 3 crore per quarter was wound down as part of the JECL divestment. The board has also approved development of a 6,921 sqm land parcel in Thane into a Real Estate/IT-ITES Business Park and declared a total FY26 dividend of Rs 5 per share. Incorporated in 1907 and listed on BSE, the company carries Rs 1.85 crore in outstanding borrowings and reported near-zero capex in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Engineered Products Division (EPD), EPC (Engineering, Procurement and Construction), Material Handling, MHE Rentals. Small, transitioning industrial manufacturer that has divested its material handling operations and is concentrating on engineered products and EPC, with an adjacent foray into commercial real estate.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 124 | 172 | 187 | 239 | 247 |
| EBITDA (ex other income) | 11 | 14 | 18 | 29 | 49 |
| margin % | 8.6 | 8.3 | 9.5 | 12.0 | 19.9 |
| Owners' profit | 0 | 7 | 10 | 0 | 31 |
| EPS, as reported (₹) | 24.17 | 39.00 | 20.00 | 17.58 | 28.28 |
| ROE % · ROCE % | 12.7 · 18.7 | 18.5 · 26.8 | 17.1 · 23.9 | 22.4 · 31.5 | 19.8 · 27.7 |
| Debt / equity (x) | 0.23 | 0.14 | 0.27 | 0.29 | 0.05 |
| Cash from operations | 6 | 11 | 2 | 5 | (10) |
| Capex | (3) | (1) | (5) | (2) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56 | 63 | 52 | 68 | 56 | 54 | 78 | 61 |
| Profit before tax | 5 | 7 | 6 | 6 | 1 | 2 | 2 | 38 |
| Net profit | 4 | 5 | 4 | 5 | 0 | 1 | 1 | 31 |
| EPS (₹) | 7.45 | 10.49 | 4.17 | 4.59 | 0.32 | 1.17 | 0.98 | 27.81 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Material Handling | 49 | 19.5 |
| (b) Engineered Products | 60 | 24.1 |
| (c) MHE Rentals | 6 | 2.5 |
| Material Handling | 53 | 21.2 |
| Engineered Products | 75 | 30.1 |
| MHE Rentals | 6 | 2.6 |
| Total, before eliminations | 248 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.6 | 26.7 | 15 of 130 | 89% |
| P/B | 1.5 | 3.1 | 34 of 112 | 69% |
| ROCE | 24.7 | 11.3 | 18 of 142 | 88% |
| ROE | 19.8 | 9.8 | 11 of 113 | 91% |
| Debt / Equity | 0.1 | 0.2 | 35 of 113 | 70% |
| EBITDA margin | 65.8 | 12.4 | 2 of 110 | 99% |
| Revenue growth | (10.2) | 20.6 | 92 of 114 | 20% |
| Profit growth | 572.9 | 17.1 | 6 of 109 | 95% |
| Market cap | 237 | 273 | 75 of 141 | 47% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Special window reopened for re-lodging physical share transfers | compliance | minimal | — | — |
| 12 Oct 2026 · RTA certificate on dematerialization of shares for Q2 FY26 | compliance | minimal | — | — |
| 23 Sept 2026 · Trading window closes Oct 1 ahead of Q2 FY26 results | compliance | minimal | — | — |
| 19 Sept 2026 · 119th AGM results: all 5 resolutions passed; final and special dividend declared | compliance | minimal | — | — |
| 19 Sept 2026 · AGM 2026: All resolutions passed; dividend declared, directors re-appointed | board shareholder meetings | medium | — | — |
| 18 Sept 2026 · AGM Proceedings - Josts Engineering declares final and special dividend | board shareholder meetings | low | — | — |
| 27 Aug 2026 · 119th AGM and e-voting details published; Rs 5 per share dividend proposed | compliance | minimal | — | — |
| 26 Aug 2026 · Josts Engineering FY26 Annual Report: PAT Nearly Doubles, Total Dividend Rs 5 per Share | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Josts Engineering incorporates wholly owned subsidiary Josts Techno Solutions | strategic transactions | low | — | — |
| 20 Aug 2026 · Notice of 119th Annual General Meeting on September 18, 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.