Jyoti CNC's order intake has more than doubled during FY22-25, implying a CAGR growth of 33% - amidst post-Covid demand recovery across the globe. The brokerage expect orders to grow a >20% CAGR led by significant pickup in EMS orders, and continued traction in A&D and Autos.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Yes Securities Report
We initiate coverage on Jyoti CNC Automation Ltd. with “Buy” rating and target price of Rs 1,090. Jyoti CNC is the third largest CNC machine supplier in India with a market share of c10%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
We couldn't find any direct listed peer of Jyoti CNC, thus making it difficult to assign a valuation multiple. However, we value Jyoti CNC at a 35x FY28 PE ratio considering-
sales growth potential in 25-35% range over the next three years;
significant demand potential from A&D and EMS sector,
sustainable margins in mid-20% range,
cash flow generation from FY27.
Our multiple implies a target price of Rs. 1,090, indicating an upside of 28% (CMP: Rs. 850).
RISKS TO INVESTMENT THESIS
Slowdown in industrial growth
Slower than expected progress on import substitution
Global players may continue to dominate the market
Restrictions on import of large technical machines from China can cause unexpected delays.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
