Jyoti Structures Limited (JYOTISTRUC.NS) 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

-7232.7%

-₹699.00

vs ₹9.80 price

Levered DCF

-₹874.00

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	19.04×	41.07×	47.73×	-73.28×	-14.8×	-0.03×	-0.01×	-0.01×
P/B	2.25×	2.58×	-53.62×	11.77×	4.13×	-0×	-0×	-0×
P/S	1.42×	2.92×	3.04×	1.3×	143.09×	0×	0.84×	0.1×
EV / EBITDA	41.51×	66.66×	112.7×	1,154.09×	-58.77×	-29.25×	-8.39×	-9.71×
Gross margin	11.0%	19.8%	19.0%	16.1%	-416.8%	0.0%	-75.0%	21.0%
Operating margin	4.8%	5.8%	11.2%	-7.7%	-1143.3%	0.0%	-5897.7%	-366.3%
Net margin	7.5%	7.1%	6.4%	-1.8%	-969.0%	0.0%	-15343.3%	-988.8%
Current ratio	6×	6.01×	6.41×	6.05×	13.13×	0.11×	0.14×	0.24×
Debt / equity	4.39×	3.55×	-74.97×	71.13×	10.03×	-0.65×	-0.72×	-0.87×
Interest coverage	13.27×	240.58×	27.52×	-38.75×	-167,257×	-0.17×	-0.61×	-0.6×
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	11.8%	6.3%	-112.9%	-16.1%	-28.0%	15.4%	24.1%	24.4%
Return on invested capital	1.4%	1.1%	2.5%	-0.9%	-2.4%	6.3%	34.1%	71.6%
Return on assets	1.9%	1.2%	1.2%	-0.2%	-1.9%	-124.7%	-138.8%	-73.0%
Free cash flow yield	-27.7%	-13.1%	-2.1%	-18.2%	-16.0%	-4.6%	-29.5%	-51.6%
Earnings yield	5.3%	2.4%	2.1%	-1.4%	-6.8%	-3660.9%	-18211.7%	-9814.5%
Enterprise value	₹29B	₹29.4B	₹32.5B	₹20.7B	₹20.7B	₹74.5B	₹69.9B	₹63.4B
Net debt / EBITDA	26.26×	33.65×	65.15×	987.84×	-40.92×	-29.06×	-8.38×	-9.69×
Cash conversion cycle (days)	1,085	1,514	1,626	3,125	162,160	-18,488	27,304	3,200