166 Per Cent From 52-Week Low: Multibagger Heavy Electrical Equipment Company Reports a 275 Per Cent Gain In Net Profit
The stock gave multibagger returns of 130 per cent in just 1 year and a whopping 1,700 per cent in 5 years.
On Thursday, shares of Jyoti Ltd plunged 5 per cent to Rs 117.20 per share from its previous closing of Rs 123.35 per share. The stock gave multibagger returns of 166 per cent from its 52-week low is Rs 44 per share.
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. project division and the switchgear division.
According to Quarterly Results, the net sales increased by 3.1 per cent to Rs 41.63 crore and net profit increased by 147 per cent to Rs 1.53 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 19 per cent to Rs 84.91 crore and net profit increased by 275 per cent to Rs 4.12 crore in H1FY25 compared to H1FY24.
Earlier, Jyoti Limited's Switchgear Division has secured a substantial order worth Rs 14.94 crore (excluding GST) from Indian Oil Corporation Limited, Panipat. This order, acquired through the Government e-Marketplace (GeM) portal, involves the supply, installation, testing, and commissioning of high-voltage switchgear panels. The project is scheduled for completion by May 4, 2025. Prior to this, the company had secured two other significant orders: one from Karan Development Services Pvt Limited for the Handia Barrage project in Madhya Pradesh, and another from Soham Mannapitlu Power Private Limited for the refurbishment of the Mannapitlu Mini Hydel Plant in Karnataka.
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Jyoti Ltd has a market cap of over Rs 200 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years. The stock gave multibagger returns of 130 per cent in just 1 year and a whopping 1,700 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.