Multibagger Stock Under Rs 35: Company Bags Order Worth Rs 450.01 Crore from Adani Energy Solutions – Turns Profitable After 9 Years of Consecutive Losses – Stock Hits Upper Circuit

The company’s shares have delivered an impressive return of over 135 per cent in just 1 year.

This Small-Cap company which is engaged in electricity transmission, distribution, and substation projects has bagged a substantial order worth Rs 450.01 crore excluding GST.

The company operates as a Turnkey/EPC project provider in the power sector. It has a global presence, having worked in over 50 countries, commissioned more than 31,000 circuit kilometers of transmission lines up to 765 kV, installed 1,800 bay substations, and electrified over 37,325 villages.

Order Details

Jyoti Structures Ltd has received a letter of acceptance from Adani Energy Solutions Ltd for a project at Navinal, Gujarat. The scope of work includes survey, soil investigation, supply of towers, foundations, erection, stringing, and commissioning of the LILO of the 765 kV DC Bhuj II-Lakadia transmission line at Navinal on a turnkey basis. The total contract value is Rs 450.01 crores, excluding GST, and the project is expected to be completed within 18 months, by April 2026.

Share Performance

At the start of today’s trading session, Jyoti Structures Ltd opened at Rs 30.57 per share, compared to the previous day's closing of Rs 30.39 per share on the BSE. Currently, shares are locked into the upper circuit of 5 per cent and are at Rs 31.87 per share on the BSE. The current market capitalization stands at Rs 2796.18 crore, and the stock has generated a multibagger return of over 135 per cent in just 1 year.

Financial Performance

As per the Quarterly Results, in the first quarter of FY25, Jyoti Structures Ltd recorded a revenue of Rs 88.29 crore. The operating profit for the period stood at Rs 5.74 crore with a margin of 6.50 per cent. The net profit for Q1 FY25 was Rs 5.09 crore compared to Rs 2.46 crore. Looking at the annual performance, the company generated a revenue of Rs 451 crore in FY24, compared to Rs 229 crore in FY23. The operating profit for FY24 was Rs 17 crore, with a net profit of Rs 29 crore compared to a loss of Rs 4 crore.

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