About the Company:
Jyoti CNC Automation Limited excels in manufacturing CNC machines, offering a diverse range, including turning centers, milling machines, vertical and horizontal machining centers, 3-axis and 5-axis machining centers, and multi-tasking machines. Since April 1, 2004, they have delivered over 30,000 CNC machines globally, comprising 200 types across 44 series.
Global Reach and Clients:
Beyond India, Jyoti CNC serves renowned clients like ISRO, BrahMos Aerospace, Turkish Aerospace, Tata Advances System, and Bharat Forge. The company's machines are utilized in various industries, from aerospace to automotive.
Facilitating global distribution, Jyoti CNC operates 29 sales and service centers across Romania, France, Poland, Belgium, Italy, and the UK, ensuring global clients receive top-tier CNC machines along with exceptional after-sales support.
IPO Objectives:
The Fresh Issue's net proceeds will be used for:
- Repaying and pre-paying certain company borrowings.
- Funding long-term working capital for operational agility.
- General corporate purposes to support sustained growth.
Investors can seize the opportunity to participate in the growth of a company's leading technological advancements in the global industrial landscape.
Promoter Holding:
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
| Share Holding Pre Issue | 72.66% |
| Share Holding Post Issue | 62.6% |
Summary of Financial Information:
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Revenue | 510.53 | 952.6 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.3 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.4 | 834.97 | 792.16 | 725.12 |
Key Performance Indicators:
| KPI | Values |
| P/E (x) | 324.5 |
| Post P/E (x) | 501.52 |
| Market Cap (Rs. Cr.) | 7527.47 |
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| EPS (Rs) | 1.02 |
Comparison with peers:
| Company Name | P/E (x) | P/B (x) | ROE (%) |
| Jyoti CNC Automation Limited | 324.5 | 22 | 18.35 |
| Elgi Equipments Limited | 42 | 12 | 31 |
| Lakshmi Machine Works Limited | 36 | 6 | 18 |
| Triveni Turbine Limited | 57 | 15 | 24 |
| TD Power Systems Limited | 38 | 7 | 17 |
| Macpower CNC Machines Ltd | 50 | 7 | 14 |
Key IPO Details:
| IPO Date | January 9 to January 11, 2024 |
| Listing Date | January 16, 2024 |
| Face Value | Rs. 2 per share |
| Price Band | Rs. 315 to Rs. 331 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 30,211,480 shares (Rs. 1,000.00 Cr) |
| Fresh Issue | 30,211,480 shares (Rs. 1,000.00 Cr) |
| GMP | Rs. 80 (24.17%) [Only for Education Purpose] |
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
