Jyoti CNC Automation Ltd
JYOTICNC NSE
Jyoti CNC Automation Ltd
IndustrialsNSE: JYOTICNC BSE: 544081 Industrial Manufacturing
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]
AI Verdict: HOLD Confidence: 5%
Jyoti CNC Automation demonstrates strong revenue growth at 31% CAGR over 3 years and robust profit growth of 157% CAGR over 3 years, but the stock trades at a stretched PE of 47.4x and 7.96x book value with zero dividend payout. The 32% stock price decline over the past year suggests the market is repricing this premium, warranting a cautious stance despite solid fundamentals.
Key Fundamentals
SmallcapIndustrial ProductsCapital GoodsMarket Cap
₹17,649 Cr
Volatility
Moderate
P/E Ratio
51.55
EBITDA
₹527 Cr
Return on Equity
18.35%
Debt to Equity
0.26
Book Value
₹88
EPS
₹9.47
52W High
₹1,147.9
52W Low
₹580.1
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 44.7% CAGR over last 5 years
Weaknesses
2- Stock is trading at 8.84 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
14.24% ↗
Net Income Growth
8.82% ↗
Cash Flow Change
-118.51% ↘
ROE
69.44% ↗
ROCE
35.61% ↗
EBITDA Margin (Avg.)
-11.31% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoHOLD
Risk high
Jyoti CNC Automation demonstrates strong revenue growth at 31% CAGR over 3 years and robust profit growth of 157% CAGR over 3 years, but the stock trades at a stretched PE of 47.4x and 7.96x book value with zero dividend payout. The 32% stock price decline over the past year suggests the market is repricing this premium, warranting a cautious stance despite solid fundamentals.
Bull Case 8
- Exceptional 3-year compounded profit growth of 157% CAGR demonstrates strong operating leverage and scalability
- Compounded sales growth of 31% CAGR over 3 years and 32% over 5 years reflects sustained demand for CNC machines in India's manufacturing push
- 5-year profit CAGR of 44.7% significantly outpaces most industrial peers, indicating superior execution
- 3-year ROE of 20% and 5-year ROE of 17% show efficient capital deployment for a capital goods company
- 100% analyst buy rating with 2 out of 2 analysts recommending buy signals institutional confidence
- TTM sales growth of 15% indicates continued momentum even on a larger revenue base
- Market cap of Rs 16,124 Cr positions the company as a credible mid-cap industrial play with room for institutional ownership expansion
- Last year ROE of 18% remains healthy and consistent with the 3-year average of 20%, showing no deterioration in returns
Bear Case 8
- PE ratio of 47.4x is expensive for an industrials company, leaving limited margin of safety if growth slows
- Stock has declined 32% over the past 1 year, signaling significant negative price momentum and potential de-rating
- Price-to-book of 7.96x is elevated — the company trades at over 8 times book value, pricing in years of future growth
- Zero dividend yield despite repeated profits indicates no capital return to shareholders, reducing total return potential
- TTM profit growth has decelerated sharply to just 4% compared to 157% CAGR over 3 years, raising sustainability concerns
- Only 2 analysts cover the stock, providing limited institutional research depth and potentially thin liquidity during corrections
- No dividend payout policy despite profitability suggests either aggressive reinvestment or promoter preference for retained earnings over shareholder returns
- The gap between TTM sales growth of 15% and 3-year CAGR of 31% signals a visible deceleration in top-line momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Positives 1
- GST demand set aside, refund due May 31
Jyoti CNC won a GST appeal with a demand of ₹4,45,59,720 set aside. The company is now eligible for a refund of the same amount.
Neutral 2
- Promoter confirms no encumbrance Jun 23
Promoter Anil B. Virani declared no encumbrance of securities in FY26 under SEBI Takeover Code regulations.
- Analyst meet at Rajkot plant Jun 20
Jyoti CNC will host an analyst meet on June 25, 2026 at its Rajkot manufacturing facility, relying on publicly available information.
TL;DR: Jyoti CNC has a clean news flow with no material headwinds in recent weeks. The GST appeal win removes a ₹4.46 crore liability and signals effective legal management. Promoter governance disclosures remain routine and transparent. With an upcoming analyst meet on June 25, investor engagement is active, and any forward guidance shared there could set near-term sentiment.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 446 | 208 | 302 | 378 | 450 | 362 | 431 | 450 | 576 | 410 | 508 | 576 | 599 |
| Expenses | 362 | 192 | 248 | 282 | 316 | 277 | 324 | 337 | 398 | 310 | 383 | 421 | 452 |
| Operating Profit | 84 | 16 | 55 | 96 | 134 | 85 | 107 | 113 | 178 | 100 | 125 | 155 | 147 |
| OPM % | 19% | 8% | 18% | 25% | 30% | 23% | 25% | 25% | 31% | 24% | 25% | 27% | 25% |
| Other Income | 41 | -1 | 1 | 3 | 3 | 4 | 11 | 0 | 0 | 20 | 9 | 6 | 25 |
| Interest | 32 | 21 | 25 | 24 | 21 | 11 | 9 | 11 | 11 | 12 | 14 | 24 | 20 |
| Depreciation | 11 | 8 | 8 | 9 | 8 | 8 | 9 | 9 | 10 | 12 | 10 | 13 | 14 |
| PBT | 83 | -13 | 23 | 67 | 108 | 70 | 99 | 93 | 156 | 96 | 109 | 124 | 138 |
| Tax % | 17% | 5% | 27% | 28% | 7% | 27% | 24% | 14% | 30% | 26% | 22% | 28% | 34% |
| Net Profit | 69 | -14 | 17 | 48 | 100 | 51 | 76 | 80 | 109 | 71 | 86 | 89 | 91 |
| EPS in Rs | 21.1 | -4.1 | 0.86 | 2.44 | 4.38 | 2.24 | 3.34 | 3.53 | 4.79 | 3.14 | 3.76 | 3.89 | 3.98 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 965 | 687 | 532 | 746 | 929 | 1,338 | 1,818 | 2,093 |
| Expenses | 874 | 680 | 507 | 674 | 852 | 1,038 | 1,327 | 1,566 |
| Operating Profit | 92 | 7 | 25 | 73 | 77 | 301 | 491 | 527 |
| OPM % | 9% | 1% | 5% | 10% | 8% | 22% | 27% | 25% |
| Other Income | 55 | 44 | 10 | 4 | 54 | 6 | 5 | 60 |
| Interest | 73 | 71 | 76 | 82 | 90 | 90 | 42 | 70 |
| Depreciation | 36 | 37 | 38 | 36 | 34 | 33 | 36 | 50 |
| PBT | 38 | -58 | -79 | -42 | 7 | 185 | 418 | 467 |
| Tax % | 52% | -13% | -2% | 16% | 175% | 18% | 24% | 28% |
| Net Profit | 18 | -50 | -77 | -48 | -5 | 151 | 316 | 336 |
| EPS in Rs | 6.27 | -17.07 | -26.19 | -16.38 | -1.66 | 6.63 | 13.9 | 14.77 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 33 | 45 | 45 | 45 |
| Reserves | 216 | 160 | 77 | 12 | 49 | 1,319 | 1,641 | 1,956 |
| Borrowings | 579 | 648 | 722 | 792 | 835 | 304 | 497 | 853 |
| Other Liabilities | 423 | 469 | 552 | 453 | 598 | 510 | 609 | 761 |
| Total Liabilities | 1,247 | 1,307 | 1,381 | 1,286 | 1,515 | 2,178 | 2,792 | 3,615 |
| Fixed Assets | 344 | 344 | 322 | 292 | 283 | 322 | 469 | 746 |
| CWIP | 34 | 56 | 54 | 5 | 15 | 58 | 184 | 89 |
| Investments | 1 | 0 | 2 | 2 | 3 | 4 | 0 | 16 |
| Other Assets | 868 | 906 | 1,003 | 986 | 1,214 | 1,795 | 2,139 | 2,764 |
| Total Assets | 1,247 | 1,307 | 1,381 | 1,286 | 1,515 | 2,178 | 2,792 | 3,615 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | 144 | 25 | 28 | 39 | 42 | -48 | -105 | 54 |
| Investing | 54 | -36 | -18 | -31 | -32 | -170 | -329 | -302 |
| Financing | -191 | -2 | -3 | -15 | 3 | 505 | 145 | 287 |
| Net Cash Flow | 8 | -13 | 7 | -8 | 14 | 286 | -289 | 39 |
| Free Cash Flow | 200 | -11 | 14 | -2 | 8 | -163 | -415 | -269 |
| CFO/OP | 168 | 487 | 115 | 54 | 64 | 1 | -4 | 34 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 105 | 149 | 98 | 57 | 68 | 98 | 104 |
| Inventory Days | 393 | 587 | 888 | 551 | 543 | 469 | 378 | 453 |
| Days Payable | 168 | 255 | 406 | 257 | 273 | 201 | 172 | 198 |
| Cash Conversion Cycle | 292 | 437 | 632 | 392 | 327 | 336 | 304 | 359 |
| Working Capital Days | 4 | -34 | -63 | -67 | -48 | 181 | 203 | 234 |
| ROCE % | — | -2% | 0% | 5% | 8% | 21% | 24% | 21% |
Documents
1
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
14 Apr - Postal ballot voting on 11 Apr 2026 approved Mrs. Prafulla P. Shenoy’s appointment as Independent Director. 14 Apr - Postal ballot voting on 11 Apr 2026 approved Mrs. Prafulla P. Shenoy’s appointment as Independent Director.
2
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
14 Apr - Postal ballot results घोषित for appointment of Mrs. Prafulla P. Shenoy as Independent Director. 14 Apr - Postal ballot results घोषित for appointment of Mrs. Prafulla P. Shenoy as Independent Director.
3
Announcement under Regulation 30 (LODR)-Change in Management
14 Apr - Prafulla P. Shenoy appointed independent director for five years from January 19, 2026. 14 Apr - Prafulla P. Shenoy appointed independent director for five years from January 19, 2026.
4
Announcement under Regulation 30 (LODR)-Change in Directorate
14 Apr - Mrs. Prafulla P. Shenoy appointed Independent Director for five years, effective January 19, 2026. 14 Apr - Mrs. Prafulla P. Shenoy appointed Independent Director for five years, effective January 19, 2026.
5
Rumour verification - Regulation 30(11)
12 Apr - French authorities investigated Huron Graffenstaden SAS, seized ~EUR 4.0 million and two properties, April 11, 2026. 12 Apr - French authorities investigated Huron Graffenstaden SAS, seized ~EUR 4.0 million and two properties, April 11, 2026.
Frequently Asked Questions about Jyoti CNC Automation Ltd
What does Jyoti CNC Automation Ltd do?
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]
Where is Jyoti CNC Automation Ltd (JYOTICNC) listed?
Jyoti CNC Automation Ltd is listed on the Indian stock exchanges. It is listed on NSE: JYOTICNC and BSE: 544081. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jyoti CNC Automation Ltd belong to?
Jyoti CNC Automation Ltd operates in the Industrials sector within the Industrial Manufacturing industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jyoti CNC Automation Ltd?
Jyoti CNC Automation Ltd has a market capitalisation of approximately ₹17649.17 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jyoti CNC Automation Ltd?
The Price-to-Earnings (PE) ratio of Jyoti CNC Automation Ltd is 51.55. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jyoti CNC Automation Ltd?
Over the past 52 weeks, Jyoti CNC Automation Ltd has traded between a low of ₹580.1 and a high of ₹1,147.9. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Jyoti CNC Automation Ltd?
Jyoti CNC Automation Ltd has a Return on Equity (ROE) of 18.35%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jyoti CNC Automation Ltd on Tapetide?
On Tapetide, you can view Jyoti CNC Automation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]