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Jyoti Limited (504076) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹173M

JL Jyoti Limited 504076 · BSE
Price₹50.86
Fair Value₹47.33
Upside-6.9%
Quality54/100
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Healthy Growth
Loss-making · -5.7% net margin
Negative equity (buybacks among others) · generates free cash flow
Ranks above peers (6/10)
Narrow moat 3/100
Evidence: High Range ₹47.33 – ₹80.72 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 5 days ago

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹47.33 (bear) to ₹80.72 (bull), base ₹47.33. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹153.39 ₹8.17 Fair Value ₹47.33 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹8.17 – ₹153.39 · fair‑value band ₹47.33 – ₹80.72 · the ₹50.86 price screens above the ₹47.33 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jyoti Limited (504076) currently trades at ₹50.86, while our model-based Fair Value estimate is ₹47.33, implying the stock looks roughly 6.9% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Jyoti Limited generated revenue of ₹1.1B at a net margin of -5.7%. Revenue grew 21.0% year over year. Net debt stands at ₹2.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹47.33 (bear case) to ₹80.72 (bull case); at ₹50.86, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -48% fair-value upside, at -7%, 504076 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹46.73 ₹65.64 ₹89.67 80
Rev-Margin DCF ₹61.99 ₹102.31 ₹151.67 74
ROIC Compounder ₹54.90 ₹60.96 ₹65.88 72
All 23 models by family
DCF Models
FCF DCF ₹47.13 ₹68.29 ₹96.83 38
Owner Earnings ₹74.74 ₹109.57 ₹156.56 31
5Y Revenue Exit ₹61.99 ₹103.11 ₹157.59 39
5Y EBITDA Exit ₹73.01 ₹124.81 ₹187.87 41
5Y P/E Exit ₹86.04 ₹150.45 ₹221.66 38
10Y Revenue Exit ₹53.05 ₹85.79 ₹133.20 36
10Y EBITDA Exit ₹60.89 ₹99.04 ₹153.92 37
10Y P/E Exit ₹68.15 ₹114.69 ₹177.04 35
Earnings-Based
Graham-Dodd ₹53.12 ₹209.29 ₹284.18 54
Lynch FV ₹51.68 ₹73.82 ₹95.97 50
PEG = 1.0 ₹51.68 ₹73.82 ₹95.97 46
EPV ₹54.90 ₹60.96 ₹65.88 59
Dividend Discount
Gordon GGM ₹5.23 ₹8.75 ₹11.36 70
DDM Multi-Stage ₹5.23 ₹8.30 ₹9.42 61
Multiples
P/E Multiple ₹123.04 ₹164.05 ₹205.07 63
P/S Multiple ₹99.60 ₹132.80 ₹166.01 58
EV/EBIT ₹104.56 ₹137.94 ₹171.33 53
EV/EBITDA ₹102.29 ₹134.92 ₹167.54 54
EV/Revenue ₹75.89 ₹106.52 ₹137.16 43
Growth DCF
Growth DCF ₹46.73 ₹65.64 ₹89.67 80
Rev-Margin DCF ₹61.99 ₹102.31 ₹151.67 74
Economic Profit
ROIC Compounder ₹54.90 ₹60.96 ₹65.88 72
Growth Earnings
Growth-Adj P/E ₹91.82 ₹131.18 ₹170.53 68

Widest divergence: Multiples (₹134.92) versus Dividend Discount (₹8.30). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) +21.0%
Net margin -5.7%
Free cash flow ₹112M FY2026
Operating margin -7.6%
EPS (TTM) ₹-5.94
More key figures
Net debt ₹2.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 7

Profitability 47
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Jyoti Limited designs, manufactures, and sells pumps and EPC pumping systems in India. It offers products and services for engineered pumps and projects, such as vertical turbine, vertical mixed flow, metallic volute, vertical propeller, horizontal split casing, vertical non clog centrifugal, horizontal non clog centrifugal, and end suction pumps; and hydel …

Full company description

Jyoti Limited designs, manufactures, and sells pumps and EPC pumping systems in India. It offers products and services for engineered pumps and projects, such as vertical turbine, vertical mixed flow, metallic volute, vertical propeller, horizontal split casing, vertical non clog centrifugal, horizontal non clog centrifugal, and end suction pumps; and hydel projects that include turbines, inlet valves, and hydro generators. The company also provides rotating electrical machines, such as motors, alternators, wind energy generators, ARNO converters, pole amplitude modulated motors, frequency convertors, and induction generators; and switch gears that include indoor and outdoor vacuum circuit breakers, vacuum contractors, draw out units, retrofits, and ring main units. In addition, it offers products and services for electronic and control systems, such as mini auxiliary relays, pluggable interface miniature auxiliary relays, and general purpose miniature auxiliary relays. The company also exports switchgears to the Sultanate of Oman. Jyoti Limited was founded in 1943 and is headquartered in Vadodara, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jyoti Limited reported revenue of ₹2.8B in FY2026 versus ₹1.2B in FY2022, a compound +23.1%/yr. Reported net income was ₹180M in FY2026, compounding +85.9%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.8B
Latest YoY
+12.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.2%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.4%
Revenue +23.1%/yr
FY22 ₹1.2B
FY23 ₹1.5B
FY24 ₹1.8B
FY25 ₹2.4B
FY26 ₹2.8B
Net income +85.9%/yr
FY22 ₹15.1M
FY23 ₹46.2M
FY24 ₹84.4M
FY25 ₹162M
FY26 ₹180M

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Cite: Fair Value Calculator (2026). "Jyoti Limited Fair Value". https://www.fairvalue-calculator.com/stock/504076

Peer Group

Industrials · 5383 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Machinery” was too small, so the broader sector is used.)

Quality Score 54 · Above median
Fair Value upside −7% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 21% · Top 25%
Dividend yield (TTM) 10.0% · Top 25%

Valuation Multiples vs Industrials median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 24 · sector 6
FUTURE 100 · sector 23
PAST 0 · sector 27
HEALTH 100 · sector 94
DIVIDEND 100 · sector 38

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diversified Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Siemens Limited 500550 ₹4,019 ₹892.67 -78%
Thermax Limited 500411 ₹4,086 ₹679.90 -83%
GMM Pfaudler Limited 505255 ₹1,045 ₹247.43 -76%
ELGI Equipments Limited 522074 ₹609.05 ₹194.23 -68%
Suzlon Energy Limited 532667 ₹48.92 ₹25.61 -48%
Yuken India Limited 522108 ₹845.70 ₹381.13 -55%
Disa India Limited 500068 ₹11,544 ₹6,266 -46%
Bharat Bijlee Limited 503960 ₹2,286 ₹4,020 +76%
Axtel Industries Limited 523850 ₹408.80 ₹326.63 -20%
Mazda Limited 523792 ₹230.65 ₹683.34 +196%

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Frequently asked questions

Is Jyoti Limited (504076) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹47.33 versus a price of ₹50.86, about −7% (fairly valued).
What is the fair value of 504076?
Our model-based fair value for Jyoti Limited is ₹47.33 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹50.86.
What is the quality score of 504076?
Jyoti Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Jyoti Limited (504076)?
Jyoti Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 504076?
The net profit margin of Jyoti Limited is about -5.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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