NSE: JYOTICNC · BSE: 544081
JYOTI CNC AUTOMATION LTD
Manufactures CNC (computer numerical control) machines and automated metal-cutting equipment for industrial customers. Consolidated FY26 revenue of ₹2,093.13 crore is split between Indian operations (standalone ₹1,949 crore, up 20.7% YoY) and the French step-down subsidiary Huron Graffenstaden SAS, which contributed ₹264 crore of subsidiary-group revenue but a ₹57 crore net loss. Demand visibility is strong, with an order book of ₹4,732 crore sitting ahead of the consolidated revenue base. Manufacturing capacity is being raised from 6,000 to 10,000 machines per annum by September 2026. Materials are the biggest cost at 45% of revenue, followed by employees at 15.8% and other operating expenses at 14.2%; depreciation is 2.4% of revenue and capex runs at 15.4% of revenue. Group borrowings rose to over ₹849 crore and standalone finance costs nearly tripled to ₹53.5 crore, reflecting the funding of the capacity expansion. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Indian operations (standalone, Jyoti brand), Foreign subsidiaries (Jyoti SAS / Huron Graffenstaden). Cyclical, capital-goods manufacturer; asset-heavy with a loss-making French subsidiary dragging consolidated profits.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,338 | 1,818 | 2,093 |
| EBITDA (ex other income) | 301 | 482 | 527 |
| margin % | 22.5 | 26.5 | 25.2 |
| Owners' profit | 0 | 0 | 336 |
| EPS, as reported (₹) | 7.89 | 13.90 | 14.78 |
| ROE % · ROCE % | 11.1 · 18.8 | 18.7 · 25.4 | 16.8 · 22.0 |
| Debt / equity (x) | 0.22 | 0.29 | 0.42 |
| Cash from operations | (48) | (105) | 54 |
| Capex | (114) | (310) | (323) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 431 | 450 | 576 | 410 | 508 | 576 | 599 | 508 |
| Profit before tax | 99 | 93 | 156 | 96 | 109 | 124 | 138 | 73 |
| Net profit | 76 | 80 | 109 | 71 | 86 | 89 | 91 | 57 |
| EPS (₹) | 3.33 | 3.53 | 4.79 | 3.14 | 3.76 | 3.89 | 3.98 | 2.51 |
Exhibit 3: 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 | 46,786 | 97.2 | 24.93 | 80.7 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 29,194 | 78.7 | 9.52 | 50.8 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 27,680 | 50.5 | 6.20 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 22,459 | 64.9 | 4.72 | 31.9 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD ◆ | 21,078 | 65.5 | 10.53 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 17,356 | 99.3 | 6.05 | 56.2 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,374 | 469.7 | 3.93 | 40.0 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,314 | 48.4 | 7.32 | 50.2 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 65.5 | 26.5 | 98 of 130 | 25% |
| P/B | 10.5 | 3.1 | 97 of 112 | 14% |
| ROCE | 19.2 | 11.3 | 31 of 142 | 79% |
| ROE | 16.8 | 9.8 | 23 of 113 | 80% |
| Debt / Equity | 0.4 | 0.2 | 82 of 113 | 28% |
| EBITDA margin | 22.2 | 12.4 | 25 of 110 | 78% |
| Revenue growth | 24.0 | 20.6 | 50 of 114 | 57% |
| Profit growth | (20.0) | 17.1 | 75 of 109 | 32% |
| Market cap | 21078 | 279 | 5 of 141 | 97% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · Crisil assigns A+/Stable to Rs 1,415 Cr long-term bank facilities | credit debt | medium | — | — |
| 8 Oct 2026 · Quarterly certificate filed for no demat or remat requests in Q2 FY27 | compliance | minimal | — | — |
| 2 Oct 2026 · 35th AGM Results: All 4 Resolutions Passed with Strong Majority | compliance | minimal | — | — |
| 30 Sept 2026 · Promoter Anilkumar Virani pledges 23.21 lakh shares with Aditya Birla Capital | ownership changes | high | — | — |
| 30 Sept 2026 · 35th AGM of Jyoti CNC Automation held on September 30, 2026 | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Jyoti CNC: Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 29 Sept 2026 · Jyoti CNC promoter Anilkumar Virani pledges 10 lakh shares to Bajaj Finance | ownership changes | high | — | — |
| 29 Sept 2026 · Promoter Anilkumar Virani releases pledge on 6.70 percent shares | ownership changes | high | — | — |
| 27 Sept 2026 · Fire incident at Rajkot plant - no major impact, operations resumed | capex operations | high | — | — |
| 18 Sept 2026 · Promoter Anilkumar Virani releases pledge on 19 lakh shares | ownership changes | high | — | — |
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.