JYOTISTRUC
Jyoti Structures share price & financials
- Price
- ₹12.37
- Market cap
- ₹1.2k Cr
- Sector
- Capital Goods
What Jyoti Structures Limited does
Jyoti Structures is an engineering, procurement and construction (EPC) contractor for power transmission and distribution networks, operating across three lines of business: transmission lines (up to 800 kV), substations (up to 765 kV) and rural electrification/distribution lines. It designs, fabricates and galvanizes its own lattice steel transmission towers at two factories in Nashik and Raipur, and tests towers at its in-house R&D and tower-testing station at Ghoti. Its clients include Adani, Vedanta Group, ReNew Power, Apraava, Torrent and PGCIL (PowerGrid), and it has also executed a tower design order for a client in Oman.
Segments
- Transmission Lines
- Substations
- Rural Electrification
- Transmission lines constructed (cumulative)
- 31,000+ circuit km
- Substation bays constructed (cumulative)
- 1,800+ bays
- Villages electrified (cumulative)
- 37,000+
- Employees
- 530+
- Design engineering team
- 25+ design engineers
- Manufacturing plants
- 2 factories (Nashik and Raipur)
Quarterly results
Q1 FY27: revenue up 60.9%, net profit up 72.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 137 | 165 | 156 | 151 +41% | 209 +53% | 234 +42% | 251 +61% |
| EBITDA | 7 | 12 | 13 | 7 | 9 +29% | 15 +25% | 17 +31% | 21 +200% |
| Net profit | 7 | 11 | 12 | 11 | 10 +43% | 17 +55% | 18 +50% | 19 +73% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −37.3% 1Y
1Y: ₹15.46 on 10 Sept 2025 → ₹9.69. High ₹17.08 (18 Sept 2025), low ₹7.97 (21 Jan 2026).
Financials, as filed
Revenue grew 48.3% a year over 3 years, FY23 to FY26. Operating margin widened to 6.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹230 Cr | ₹451 Cr | ₹497 Cr | ₹750 Cr |
| Operating profit | ₹-0 Cr | ₹16 Cr | ₹38 Cr | ₹48 Cr |
| Operating margin | 0.0% | 3.5% | 7.6% | 6.4% |
| Interest | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹3 Cr |
| Depreciation | ₹5 Cr | ₹8 Cr | ₹9 Cr | ₹12 Cr |
| Net profit | ₹-3 Cr | ₹28 Cr | ₹35 Cr | ₹56 Cr |
| Net margin | -1.3% | 6.2% | 7.0% | 7.5% |
| Cash from operations | ₹-36 Cr | ₹-19 Cr | ₹-177 Cr | ₹-269 Cr |
| Free cash flow | ₹-48 Cr | ₹-28 Cr | ₹-196 Cr | ₹-310 Cr |
| ROCE | 0.0% | 1.0% | 2.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹22 Cr | ₹127 Cr | ₹127 Cr | ₹146 Cr | ₹238 Cr | ₹239 Cr |
| Reserves | ₹-11.4k Cr | ₹25 Cr | ₹-102 Cr | ₹-172 Cr | ₹270 Cr | ₹236 Cr |
| Borrowings | ₹7.4k Cr | ₹1.7k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.1k Cr |
| Other liabilities | ₹5.4k Cr | ₹350 Cr | ₹457 Cr | ₹459 Cr | ₹456 Cr | ₹378 Cr |
| Total liabilities | ₹1.4k Cr | ₹2.2k Cr | ₹2.3k Cr | ₹2.4k Cr | ₹2.9k Cr | ₹2.9k Cr |
| Fixed assets | ₹33 Cr | ₹27 Cr | ₹32 Cr | ₹33 Cr | ₹52 Cr | ₹70 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹3 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹1.4k Cr | ₹2.2k Cr | ₹2.3k Cr | ₹2.3k Cr | ₹2.9k Cr | ₹2.9k Cr |
| Total assets | ₹1.4k Cr | ₹2.2k Cr | ₹2.3k Cr | ₹2.4k Cr | ₹2.9k Cr | ₹2.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.62 pp while DIIs trimmed −0.32 pp. The shareholder count shrank 2% to 2,01,952.
- FIIs
- 1.2%
- DIIs
- 0.1%
- Public
- 98.6%
Since Jun 2025
- Public +0.62 pp
- DIIs −0.32 pp
- FIIs −0.30 pp
How it drifted, 12 quarters
Over this window DIIs fell from 7.2% to 0.1% — −7.0 pp.
Ownership split by quarter, oldest first. Sep '23: FIIs 0.0%, DIIs 7.2%, Public 92.8%.Dec '23: FIIs 0.1%, DIIs 3.9%, Public 96.0%.Mar '24: FIIs 0.3%, DIIs 3.9%, Public 95.8%.Jun '24: FIIs 0.6%, DIIs 2.8%, Public 96.5%.Sep '24: FIIs 1.4%, DIIs 1.9%, Public 96.8%.Dec '24: FIIs 1.1%, DIIs 1.6%, Public 97.3%.Mar '25: FIIs 1.5%, DIIs 0.5%, Public 98.0%.Jun '25: FIIs 1.5%, DIIs 0.5%, Public 98.0%.Sep '25: FIIs 1.0%, DIIs 0.5%, Public 98.5%.Dec '25: FIIs 1.4%, DIIs 0.1%, Public 98.4%.Mar '26: FIIs 1.4%, DIIs 0.1%, Public 98.5%.Jun '26: FIIs 1.2%, DIIs 0.1%, Public 98.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Jyoti Structures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sharad Shyam Sanghi | 2.51% | unchanged |
| Anil Kumar Agarwal | 1.90% | unchanged |
| Ullal Ravindra Bhat | 1.55% | unchanged |
| Sun N Sand Hotels Pvt Ltd | 1.34% | unchanged |
| Shyam Bihari Sanghi | 1.19% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Jyoti Structures Limited
Guides on how to read this kind of business and the numbers that matter.