Jyoti CNC Automation Ltd
Jyoti CNC Automation is a leading manufacturer of simultaneous 5-axis CNC machines in India, with a 10% market share in the country. It has years of expertise in designing & manufacturing tools for companies in Aerospace, Defence, Auto Components, General Engineering and other industries.[1]
- Market Cap ₹ 30,428 Cr.
- Current Price ₹ 1,338
- High / Low ₹ 1,450 / 368
- Stock P/E 202
- Book Value ₹ 60.0
- Dividend Yield 0.00 %
- ROCE 21.2 %
- ROE 20.9 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 129% CAGR over last 5 years
Cons
- Stock is trading at 22.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.6% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 965 | 687 | 580 | 746 | 929 | 1,338 | |
| 874 | 680 | 548 | 674 | 832 | 1,038 | |
| Operating Profit | 92 | 7 | 32 | 73 | 97 | 301 |
| OPM % | 9% | 1% | 5% | 10% | 10% | 22% |
| 55 | 44 | 10 | 4 | 54 | 6 | |
| Interest | 73 | 71 | 76 | 82 | 90 | 90 |
| Depreciation | 36 | 37 | 38 | 36 | 34 | 33 |
| Profit before tax | 38 | -58 | -72 | -42 | 28 | 185 |
| Tax % | 52% | 13% | 2% | -16% | 46% | 18% |
| 18 | -50 | -70 | -48 | 15 | 151 | |
| EPS in Rs | 6.27 | -17.07 | -23.76 | -16.38 | 4.57 | 6.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 32% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 129% |
| 3 Years: | 61% |
| TTM: | 7836% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 12% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 33 | 45 |
| Reserves | 216 | 160 | 83 | 12 | 49 | 1,319 |
| 579 | 648 | 725 | 792 | 835 | 304 | |
| 423 | 469 | 550 | 453 | 598 | 510 | |
| Total Liabilities | 1,247 | 1,307 | 1,388 | 1,286 | 1,515 | 2,178 |
| 344 | 344 | 321 | 292 | 283 | 332 | |
| CWIP | 34 | 56 | 54 | 5 | 15 | 48 |
| Investments | 1 | 0 | 2 | 2 | 3 | 4 |
| 868 | 906 | 1,011 | 986 | 1,214 | 1,795 | |
| Total Assets | 1,247 | 1,307 | 1,388 | 1,286 | 1,515 | 2,178 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 144 | 25 | 28 | 39 | 12 | -48 | |
| 54 | -36 | -18 | -31 | -32 | -170 | |
| -191 | -2 | -3 | -15 | 34 | 505 | |
| Net Cash Flow | 8 | -13 | 7 | -8 | 14 | 286 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 66 | 105 | 136 | 98 | 57 | 68 |
| Inventory Days | 393 | 587 | 738 | 551 | 562 | 469 |
| Days Payable | 168 | 255 | 357 | 257 | 283 | 201 |
| Cash Conversion Cycle | 292 | 437 | 517 | 392 | 336 | 336 |
| Working Capital Days | 164 | 224 | 289 | 252 | 230 | 241 |
| ROCE % | -2% | 0% | 5% | 10% |
Documents
Announcements
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Jun - Officials of below named institutions/ investors will be visiting our factory as per the schedule below and interact with the officials of the Company: Date …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Jun - Of Interaction of officials of the Company with Investors/ Analysts (Participants) as per the details attached.
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 31 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
23 May - Transcript of the Conference Call has been hosted with the Management of the Company on May 21, 2024
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
Geographical Reach
The company delivered 8,400 CNC machines to 3,500 customers in India, Asia (excluding India), Europe, North America, It supplies to Romania, France, Poland, Belgium, Italy, United Kingdom and other parts of the world.