Equity Watch

Jyoti Ltd.a stock for all seasons but specially when rain gods are playing truant

Jyoti Ltd. is an ISO 9001:2008 Engg.Co. that caters to the requirement of

  • Power (Thermal, Hydel and Nuclear) generation, Transmission and Distribution.
  • Agriculture, providing irrigation through pumping systems.
  • Water supply and sewerage schemes.
  • Defense-particularly Naval and marine establishments.
  • Railways.
  • Core industries like steel, cement, paper, sugar, fertilizers, chemicals and Petro-chemicals.

 Recently, Jyoti Ltd. bagged a prestigious order Worth Rs.541 crores, the largest single order in its history and the largest pump order in India, from Govt. of Karnataka. The pending orders with the Co. amount to more than Rs. 1000 crores vs. its mkt. cap. of less than Rs. 52 crores at CMP of Rs. 40..Its most saleable system in India and abroad is the Jyoti Pumping System for large lift irrigation schemes:   (click on the link below )

http://www.jyoti.com/jyotipp_files/frame.htm

On the Financial front the Co. is expected to come out with better results during FY10 and subsequent years..

Scrip Code : 504076      Company : Jyoti Ltd

Type Audited Audited Audited Un-Audited
Period Ending 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06
No. of Months 12 12 12 12
Description Amount(Rs. million)
Net Sales / Interest Earned / Operating Income 2,533.30 2,076.20 1,457.80 1,042.90
Other Income 5.60 4.10 3.40 2.50
Total Income 2,538.90 2,080.30 1,461.20 1,045.40
Expenditure -2,317.20 -1,828.10 -1,269.80 -915.70
Operating Profit 221.70 252.20 191.40 129.70
Interest -137.30 -123.60 -120.00 -96.10
Profit Before Depreciation and Tax 84.40 128.60 71.40 33.60
Depreciation -19.60 -17.60 -14.40 -14.50
Profit before Tax 64.80 111.00 57.00 19.10
Tax -16.80 -5.10 -1.80 25.10
Profit after Tax 48.00 105.90 55.20 44.20
Extraordinary Items -1.60 -1.20 -5.00
Net Profit 46.40 104.70 50.20 44.20
Equity Capital 129.80 126.90 126.90 115.60
Reserves 412.10 323.20 218.60 63.10
Basic And Diluted EPS after Extraordinary item 3.58 8.35 4.34
Nos. of Shares – Public 10,087,177.00 9,860,577.00 9,860,307.00 8,720,597.00
Percent of Shares-Public 77.68 77.73 77.73 75.41
Operating Profit Margin 8.75 12.15 13.13 12.44
Net Profit Margin 1.83 5.04 3.44 4.24
Cash EPS 5.08 9.64
  Notes Notes Notes Notes
  Detailed Detailed    

<!– document.getElementById(‘ConsolClick’).width=document.getElementById(‘tblDetails’).width –>financials from bseindia

Buy at CMP is recommended with atleast one year HOLD. Jyoti Ltd. may turn out to be a multibaggar..

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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