Heavy Electrical Equipment Company Bags New Order Worth Rs 6,35,00,000 From JWIL Infra Ltd

Jyoti Ltd has a market cap of over Rs 139 crore and has delivered good profit growth of 30.4 per cent CAGR over the last 5 years.

Jyoti Ltd has been awarded a Letter of Intent valued at approximately Rs 6.35 crore (excluding GST) by JWIL INFRA LTD, Delhi (subsidiary of Jindal Group), for a project situated in Pirtand, Jharkhand. This significant order entails the design, manufacture, and supply of six sets of Vertical Turbine (VT) Pumps along with their respective motors. The terms of the LOI include payment as specified, with packing, forwarding, freight, and insurance costs being inclusive. Jyoti Ltd will provide a guarantee of 30 months from the date of commissioning or 36 months from the date of dispatch, whichever occurs earlier. The delivery of these pumps is expected within 24 to 28 weeks from the date of receipt of the final order and technical document approval, marking this as a domestic order for a domestic entity.

Jyoti Ltd offers hydraulic and electrical products and services and designs and manufactures a wide range of Pumps and EPC Pumping Systems from concept to commissioning. The company is comprised of 2 divisions viz. the project division and the switchgear division.

According to Quarterly Results, the net sales increased by 24.3 per cent to Rs 51.91 crore and net profit increased by 250 per cent to Rs 3.92 crore in Q3FY25 compared to Q3FY24. In its annual results, the company reported net sales of Rs 175 crore and a net profit of Rs 8 crore in FY24.

The stock is up by 38.4 per cent from its 52-week low is Rs 60 per share. Jyoti Ltd has a market cap of over Rs 139 crore and has delivered good profit growth of 30.4 per cent CAGR over the last 5 years. From Rs 3.32 to Rs 83.01 per share, the stock gave multibagger returns of 2,400 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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