Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Jyoti Ltd. is an electrical and hydraulic engineering equipment manufacturing company. The firm operates through following divisions: Engineered Pumps & Projects, Hydel, Rotating Electrical Machines, Switchgear, and Electronics & Control System. The Engineered Pumps and Projects division executes turnkey projects involving civil, mechanical, electrical, instrumentation works in pumping schemes for various industrial sectors like power generation–thermal and nuclear, lift irrigation schemes, urban water supply and steel plants. The Hydel division engages in design, manufacture, supply, installation, commissioning, operation and maintenance of the hydro projects for different heads and outputs with range of turbines including Kaplan, Francis, Pelton, Turgo impulse turbines. The Rotating Electrical Machines division engages in manufacturing and supply of rotating electrical machines including A.C motors and generators, types and varieties of electrical machines. The Switchgear division serves thermal power station, utilities and core industries. The Electronics and Control System division designs and manufactures auxiliary relays. It serves the power generation, chemicals, agriculture, steel, paper, sugar and petrochemicals industries. The company was founded by Rajmitra Bhailalbhai D. Amin and Nanubhai B. Amin in 1943 and is headquartered in Vadodara, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITD.
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