Jyoti Limited (JYOTI.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+623.4%

₹462.10

vs ₹63.88 price

Levered DCF

₹759.28

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6.28×	11.35×	15.02×	7.73×	13.83×	-6.8×	-0.42×	-4.06×
P/B	-5.39×	-4.65×	-2.27×	-0.56×	-0.3×	-0.08×	-0.02×	-0.09×
P/S	0.41×	0.75×	0.72×	0.23×	0.18×	0.22×	0.06×	0.15×
EV / EBITDA	9.92×	19.93×	24.84×	23.76×	19.6×	52.5×	-100.57×	182.02×
Gross margin	15.7%	14.6%	27.9%	26.9%	26.7%	28.9%	22.5%	26.6%
Operating margin	6.6%	13.5%	11.6%	2.1%	1.7%	1.9%	-15.2%	-3.8%
Net margin	6.5%	6.6%	4.8%	3.0%	1.3%	-3.2%	-14.2%	-3.7%
Current ratio	0.81×	0.76×	0.91×	1.03×	1.61×	0.53×	0.57×	0.58×
Debt / equity	-9.95×	-5.57×	-4.33×	-3.96×	-3.91×	-1.63×	-1.68×	-1.77×
Interest coverage	37.79×	55.21×	80.5×	2.38×	1.43×	1.17×	-6.53×	-3.67×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-85.7%	-41.0%	-15.1%	-7.2%	-2.2%	1.2%	4.4%	2.1%
Return on invested capital	7.2%	17.2%	10.3%	1.6%	0.2%	0.8%	-5.8%	-2.2%
Return on assets	5.5%	5.1%	3.0%	1.6%	0.5%	-1.0%	-3.3%	-1.4%
Free cash flow yield	13.1%	7.4%	16.2%	42.7%	187.9%	119.3%	8.2%	193.1%
Earnings yield	15.9%	8.8%	6.7%	12.9%	7.2%	-14.7%	-237.2%	-24.7%
Enterprise value	₹2.8B	₹3.8B	₹3.5B	₹2.8B	₹2.9B	₹4.9B	₹5.2B	₹5.5B
Net debt / EBITDA	5.89×	10.14×	15.88×	20.75×	18.19×	49.96×	-99.46×	173.64×
Cash conversion cycle (days)	131	147	163	243	293	480	637	384