Shares of one of the leading manufacturers of Large Motors and Generators soared 5 percent upper circuit to Rs 41.91 apiece on early trade on Monday after the company received an order worth Rs 41 crores.
Jyoti Ltd., a micro-cap stock with a market valuation of Rs 96 crore, touched a 5 percent upper circuit on the Exchange on Monday for Rs 41.91 per share.
According to the company’s exchange filing,The Company has secured orders of Rs 4100 Lakhs from Megha Engineering & Infrastructures Limited for the Design, Manufacturing, Supply, and Supervision of the Erection and commissioning of 32 Nos. Vertical Turbine Pumps along with 32 Nos. HT Induction Motors with spares.
The company’s shares have delivered returns of 152 percent in six months and 300 percent over a year. A Rs 1 lakh investment in the company would be worth Rs. 4 lakh after a year and Rs. 2.52 lakh after a half-year.
For the most recent fiscal year’s report, the company margins grew modestly, resulting in a net profit margin of 2.69 percent and a return on capital employed of 6.69 percent.
The Company’s revenue climbed by 17 percent year on year, rising from Rs 26.35 crore in Q1FY23 to Rs 30.80 crore in Q1FY24. During the same time period, net profit fell by 56 percent from Rs 0.98 crore to Rs 0.43 crore.
According to the latest shareholding pattern, the promoters own 24.21 percent of the company, while retail investors hold 74.46 percent.
Jyoti Ltd is into manufacturing and marketing of electrical and hydraulic engineering equipment.
Written by Omkar Chitnis
