Ashish Kacholia bought 62,30,769 shares of this multibagger penny stock under Rs 20 with order book of Rs 1,800 crore; Do you own it?

The company has a market capitalisation of over Rs 1,800 crore and the stock gave multibagger returns of over 700 per cent in 5 years.

An ace investor - Ashish Kacholia bought 62,30,769 shares of this multibagger penny stock under Rs 20 and now owns 2,42,30,769 shares or a 2.04 per cent stake in the company as of March 2025. Additionally, Ashish Kacholia’s investment firm Bengal Finance & Investment Pvt. Ltd owns 1,80,00,000 shares or 2 per cent stake in the company.

Established in 1974, Jyoti Structures Limited is a leading power transmission company headquartered in Mumbai, India. They specialize in turnkey projects for transmission lines, substations and distribution systems, offering a comprehensive range of services from design and manufacturing to construction globally. Jyoti Structures Limited is one of the few EPC service providers with the capability to execute entire power transmission projects. Jyoti Structures Ltd has a market capitalisation of over Rs 1,800 crore and the stock gave multibagger returns of over 700 per cent in 5 years.

Results: The net sales increased by 146 per cent to Rs 137.35 crore while net profit increased by 963 per cent to Rs 11.48 crore in Q3FY25 compared to Q3FY24. In 9MFY25, the net sales increased by 3.31 per cent to Rs 333.13 crore and net profit increased by 60 per cent to Rs 23.63 crore compared to 9MFY24. In its annual results, the net sales increased by 96.9 per cent to Rs 451.38 crore in FY24 compared to Rs 229.23 crore in FY23. The company reported a net profit of Rs 28.86 crore in FY24 compared to a net loss of Rs 4.07 crore in FY23, an increase of 809 per cent. 

The recent rights issue of Jyoti Structures Limited, which opened on February 17, 2025, and closed on March 10, 2025, garnered a subscription of Rs 459.69 crores, amounting to 92.11% of the total issue size of Rs 499.09 crores; with a carry-forward order book exceeding Rs 1,800 crores, the company is poised to execute the majority of these orders within the next 12 to 18 months and has recently been awarded a Rs 389.36 crore project for a 765 kV DC transmission line with an 18-month completion timeline, following a larger Rs 741.28 crore order for a ± 800 kV HVDC BIPOle Line, a 42-month turnkey project.

Disclaimer: The article is for informational purposes only and not investment advice.