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 ₹ 25,999 Cr.
- Current Price ₹ 1,141
- High / Low ₹ 1,450 / 368
- Stock P/E 186
- Book Value ₹ 77.2
- Dividend Yield 0.00 %
- ROCE 17.1 %
- ROE 12.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
- Debtor days have improved from 91.9 to 71.6 days.
Cons
- Stock is trading at 14.8 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 10.0% 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 791 | 561 | 437 | 678 | 828 | 1,190 | |
| 670 | 487 | 382 | 569 | 711 | 918 | |
| Operating Profit | 121 | 74 | 55 | 109 | 117 | 272 |
| OPM % | 15% | 13% | 12% | 16% | 14% | 23% |
| 16 | 15 | 16 | 8 | 32 | 8 | |
| Interest | 58 | 62 | 66 | 65 | 71 | 66 |
| Depreciation | 24 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 54 | 2 | -21 | 26 | 52 | 187 |
| Tax % | 36% | -384% | -7% | 25% | 25% | 25% |
| 35 | 9 | -20 | 19 | 39 | 140 | |
| EPS in Rs | 11.80 | 3.09 | -6.74 | 6.53 | 11.94 | 6.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 40% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 108% |
| TTM: | 257% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 33 | 45 |
| Reserves | 368 | 380 | 366 | 381 | 451 | 1,711 |
| 408 | 518 | 554 | 602 | 625 | 92 | |
| 353 | 306 | 353 | 312 | 475 | 452 | |
| Total Liabilities | 1,158 | 1,233 | 1,302 | 1,325 | 1,584 | 2,301 |
| 270 | 272 | 255 | 245 | 238 | 294 | |
| CWIP | 18 | 16 | 12 | 5 | 11 | 33 |
| Investments | 30 | 29 | 31 | 31 | 185 | 245 |
| 839 | 916 | 1,004 | 1,043 | 1,151 | 1,728 | |
| Total Assets | 1,158 | 1,233 | 1,302 | 1,325 | 1,584 | 2,301 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -8 | 43 | 26 | 21 | -65 | ||
| -41 | -13 | -8 | -22 | -231 | ||
| 49 | -31 | -18 | 2 | 527 | ||
| Net Cash Flow | 0 | -0 | -0 | -0 | 231 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 83 | 117 | 159 | 130 | 75 | 72 |
| Inventory Days | 338 | 559 | 822 | 493 | 518 | 433 |
| Days Payable | 186 | 258 | 382 | 200 | 264 | 194 |
| Cash Conversion Cycle | 236 | 418 | 599 | 423 | 328 | 311 |
| Working Capital Days | 168 | 288 | 416 | 314 | 282 | 300 |
| ROCE % | 7% | 5% | 9% | 12% | 17% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Jul
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Announcement under Regulation 30 (LODR)-Credit Rating
2 Jul - Infomerics Valuation and Rating Private Limited has upgraded our rating in respect of Bank Facilities as per the attached Intimation.
- 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.
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.