EPC contractor in power transmission, building transmission lines, towers and related infrastructure for utility customers. Manufactures at a Nashik facility — Plant-2 was commissioned in January 2026, doubling manufacturing capacity to 72,000 MT. Order book stood at Rs 2,274 Cr at the end of FY26. Operations span 5 Indian states and run internationally, with branch auditors appointed for Uganda, Kenya and Tunisia; a new joint venture contract was signed in May 2026 for a 28km, 220kV double circuit transmission line in Sri Lanka valued at Rs 67.96 Crores, to be completed in 18 months. FY26 revenue was Rs 750.87 Cr. Materials are the largest cost line at 57.8% of revenue, followed by other operating expenses at 32.5% and employee costs at 9.3%; depreciation accounted for 1.7% and capex 5.5%. The company employed 876 people as of the FY26 BRSR filing. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power transmission EPC. Project-based, asset-heavy EPC contractor with an order-book-driven revenue cycle
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 229 | 451 | 498 | 751 |
| EBITDA (ex other income) | (36) | (0) | 16 | 37 | 48 |
| margin % | (825.8) | (0.1) | 3.6 | 7.5 | 6.4 |
| Owners' profit | (43) | (4) | 0 | 36 | 11 |
| EPS, as reported (₹) | (1.02) | (0.06) | 0.41 | 0.40 | 0.47 |
| ROE % · ROCE % | (28.0) · (2.1) | (16.0) · (0.2) | (113.1) · 1.0 | 6.3 · 1.4 | 11.8 · 2.3 |
| Debt / equity (x) | 11.13 | 70.99 | (75.11) | 3.55 | 4.39 |
| Cash from operations | (100) | (44) | (19) | (177) | (269) |
| Capex | (1) | (10) | (10) | (18) | (41) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 137 | 165 | 156 | 151 | 209 | 234 | 251 |
| Profit before tax | 7 | 11 | 12 | 10 | 10 | 15 | 19 | 19 |
| Net profit | 7 | 11 | 12 | 11 | 10 | 17 | 18 | 19 |
| EPS (₹) | 0.08 | 0.13 | 0.14 | 0.09 | 0.08 | 0.14 | 0.15 | 0.16 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 | 10.2 | — | 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 | 6.1 | 4.7 | 14.3 | 9.3 |
| CG POWER AND IND SOL LTD | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · NSE seeks clarification on quarterly results from Jyoti Structures | regulatory legal | medium | — | — |
| 14 Aug 2026 · 51st AGM voting results: All 5 resolutions passed | compliance | minimal | — | — |
| 13 Aug 2026 · 51st AGM held via video conferencing; 5 resolutions approved | board shareholder meetings | medium | — | — |
| 6 Aug 2026 · Newspaper ad for Q1 FY27 results revenue up 57 percent PAT up 74 percent | compliance | minimal | — | — |
| 4 Aug 2026 · Jyoti Structures Q1 FY27: Revenue up 57%, Net Profit up 74% | results | high | — | — |
| 4 Aug 2026 · Rights Issue Monitoring Agency Report Q1 FY27 | compliance | minimal | — | — |
| 4 Aug 2026 · Jyoti Structures removes internal auditor Bhushan Khot and Co | management changes | medium | — | — |
| 4 Aug 2026 · Q1 FY26 results: Revenue up 61% YoY, PAT at Rs 19.46 Cr | results | high | — | — |
| 4 Aug 2026 · Q1 results: profit up 74%, plan to raise Rs 250 cr, internal auditor changed | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Board meeting on Aug 4 for Q1 results and fund raising plan | results | low | — | — |
| 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 |
| HITACHI ENERGY INDIA LTD |
| 1,40,200 |
| 121.8 |
| 27.09 |
| — |
| 19.1 |
| 24.7 |
| — |
| 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.4 | 35.1 | 7 of 34 | 82% |
| P/B | 2.5 | 5.7 | 6 of 33 | 84% |
| ROCE | 2.2 | 16.6 | 34 of 36 | 6% |
| ROE | 11.8 | 14.6 | 24 of 35 | 32% |
| Debt / Equity | 4.4 | 0.1 | 35 of 35 | 0% |
| EBITDA margin | 9.9 | 16.4 | 27 of 35 | 24% |
| Revenue growth | 61.0 | 17.7 | 7 of 33 | 81% |
| Profit growth | 74.4 | 6.7 | 6 of 32 | 84% |
| Market cap | 1161 | 7198 | 28 of 35 | 21% |
| 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 |
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.
