Multibagger stock engaged in manufacturing transmission line towers, sub-stations, railway electrification structures, and many more hit 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 106 Crores.
Price Action
With a market capitalization of Rs. 2,642 Crores, the shares of Jyoti Structures Limited were trading at Rs. 30.33 per equity share, up 3 percent from its previous day’s close price of Rs. 29.47. It has delivered a multibagger return of 192 percent in a year.
What Happened
Jyoti Structures Limited has received a new work order from its client in Gujarat for the supply of towers for a 765 kv DC Transmission Line project, for a consideration of Rs. 105.57 Crores and the work order should be executed within 10 months.
About the Company
Jyoti Structures Limited is engaged in the manufacturing of transmission line towers, sub-stations, railway electrification structures, and many more. It also provides EPC services like foundation, erection, and testing of distribution networks, substations, and many more.
It is one of the leading manufacturers of EHV transmission line towers, telecom towers & substation structures. It operates from manufacturing units in Nashik, with in-house design, detailing, prototyping, testing, manufacturing, and supply capabilities.
Financials and Ratios
Its revenue from operations declined by 52 percent from Rs. 185.17 Crores in Q1FY24 to Rs. 88.29 Crores in Q1FY25, accompanied by profits of Rs. 2.46 Crores to Rs.5.09 Crores. It has a very high debt-to-equity ratio of 71.1.
Written by: Bharath K.S
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