Back-to-Back Upper Circuit Stock Under Rs 100: Do You Own This Hydraulic Engineering Equipment Manufacturing Stock?

The company’s shares have delivered an impressive multibagger returns of over 100 per cent in just 1 Year.

Incorporated in 1943, Jyoti Ltd specializes in manufacturing and marketing electrical and hydraulic engineering equipment. As an engineering company, it operates primarily in the power and water sectors. Jyoti Ltd provides a comprehensive range of hydraulic and electrical products and services, and it designs and manufactures various pumps and EPC (Engineering, Procurement, and Construction) pumping systems from initial concept through to commissioning. The company is structured into two divisions: the Project Division and the Switchgear Division.

At the start of the day's trading session, the share of Jyoti Ltd opened at Rs 98.98 per share, compared to the previous day's closing figure of Rs 94.27 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 169.54 crore, and the stock has generated an impressive multibagger return of over 100 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Jyoti Ltd recorded a revenue of Rs 62.40 crore. The operating profit for Q4 FY24 stood at Rs 5.46 crore. The net profit for Q4 FY24 was Rs 6.07 crore. Looking at the annual performance, the company generated a revenue of Rs 175 crore in FY24, compared to Rs 155 crore in FY23. The operating profit for FY24 was Rs 12 crore, with a net profit of Rs 8 crore compared to a profit of Rs 4 crore representing a gain of 100 per cent YoY.

Regarding the shareholding pattern, the promoters own 24.21 per cent of the company and the public or retail investors hold 74.47 per cent.

Investors must keep this micro-cap stock on their radar.

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