WEBSITE BSE:543544 NSE: JAYANT Inc. Year: 2003 Industry: Engineering - Construction My Bucket: Add Stock
Last updated: 10:37
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1. Business Overview
Jayant Infratech Ltd. is an Indian engineering and construction company primarily engaged in providing infrastructure development services. The company undertakes various civil construction projects, often related to government and semi-government bodies. Its core business model involves bidding for and executing contracts for civil works, including roads, bridges, buildings, and other infrastructure projects. Revenue is generated through the completion of these contractual projects, typically on a fixed-price or cost-plus basis.
2. Key Segments / Revenue Mix
Jayant Infratech Ltd. operates primarily within the Engineering - Construction sector, focusing on various civil infrastructure projects. Publicly available information does not typically provide a detailed breakdown of revenue by specific segments (e.g., roads, buildings, water infrastructure). The company's revenue is predominantly derived from its project execution activities across its core construction services.
3. Industry & Positioning
The Indian Engineering - Construction industry is highly fragmented, with a mix of large, diversified players and numerous small to mid-sized regional companies. The industry is characterized by intense competition, cyclical demand influenced by government spending, and dependence on economic growth. Jayant Infratech Ltd. appears to be a smaller to mid-sized player within this competitive landscape, focusing on specific regional opportunities and project types, rather than competing directly with the large, national infrastructure conglomerates. Its positioning likely emphasizes timely execution and cost efficiency for its chosen project niches.
4. Competitive Advantage (Moat)
Jayant Infratech Ltd. likely operates in a highly competitive environment where strong, durable moats are challenging to establish for mid-sized players. It may not possess significant advantages like strong brand recognition (common in B2C, less so in B2B construction), vast scale economies comparable to national leaders, or proprietary technology. Its competitive advantages, if any, are likely derived from:
Execution Capabilities: A track record of timely and quality project completion.
Local Expertise & Relationships: Strong understanding of local conditions and established relationships with specific clients or government agencies in its operational regions.
Cost Management: Efficient project management and cost control to maintain competitive bidding.
5. Growth Drivers
Government Infrastructure Push: Continued government focus and allocation of funds towards infrastructure development (roads, railways, urban development) in India.
Urbanization & Industrialization: Growing demand for civic infrastructure, industrial parks, and commercial spaces driven by urban expansion and economic growth.
Specialized Project Opportunities: Potential for growth by specializing in specific types of construction projects or geographic regions where competition is less intense.
Public-Private Partnerships (PPPs): Increased adoption of PPP models could open up new project avenues, though it also introduces different risk profiles.
6. Risks
Project Execution Risks: Delays in project completion, cost overruns, regulatory hurdles, and unforeseen site conditions can impact profitability.
Input Cost Volatility: Fluctuations in prices of raw materials (cement, steel) and labor can compress margins.
Intense Competition: Highly competitive bidding environment can lead to pressure on margins and difficulty in securing new contracts.
Payment Delays: Dependence on government/semi-government clients can sometimes lead to delays in receivables, impacting working capital.
Regulatory & Environmental Risks: Changes in environmental norms, land acquisition policies, or other regulations can affect project timelines and viability.
High Working Capital Requirements: Construction projects typically require significant upfront capital for materials, labor, and equipment, leading to potential liquidity challenges.
7. Management & Ownership
Jayant Infratech Ltd. is promoted by the Jayant Group. The company's management team typically consists of professionals with experience in the construction sector. As with many Indian companies, a significant portion of ownership is usually held by the promoter group, ensuring their direct involvement in the strategic direction and operations of the company. Detailed information on individual management quality or specific ownership breakdowns beyond general promoter holding is often found in annual reports and regulatory filings.
8. Outlook
Jayant Infratech Ltd. operates in a sector with significant long-term potential driven by India's infrastructure development needs. The government's continued focus on capital expenditure and infrastructure build-out provides a favorable demand environment for construction companies. However, the company faces inherent challenges common to the industry, including intense competition, volatility in input costs, and the need for efficient project execution and working capital management. Its ability to secure new profitable contracts, manage project risks effectively, and maintain strong client relationships will be crucial for sustained growth in this competitive yet opportunity-rich sector.
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Market Cap ₹18 Cr.
Stock P/E 2.1
P/B 1.2
Current Price ₹54.1
Book Value ₹ 45.3
Face Value 10
52W High ₹110.7
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 18 | 34 | 35 | 38 | 42 | 89 | 122 | |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 2 | |
| Total Income | 18 | 34 | 36 | 39 | 44 | 90 | 123 | |
| Total Expenditure | 17 | 32 | 33 | 35 | 38 | 82 | 111 | |
| Operating Profit | 2 | 3 | 3 | 4 | 6 | 8 | 13 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | -0 | 0 | -0 | 0 | |
| Profit Before Tax | 1 | 2 | 2 | 3 | 5 | 6 | 11 | |
| Provision for Tax | 0 | 0 | 0 | 1 | 1 | 2 | 3 | |
| Profit After Tax | 1 | 1 | 1 | 2 | 4 | 5 | 8 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 1 | 1 | 1 | 2 | 4 | 5 | 8 | |
| Adjusted Earnings Per Share | 3.3 | 6.3 | 2.1 | 3.5 | 3.7 | 5 | 8.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 37% | 48% | 29% | 0% |
| Operating Profit CAGR | 63% | 48% | 34% | 0% |
| PAT CAGR | 60% | 59% | 52% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -36% | -13% | NA% | NA% |
| ROE Average | 22% | 18% | 16% | 14% |
| ROCE Average | 23% | 20% | 18% | 16% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 11 | 13 | 14 | 18 | 26 | 38 | 50 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 10 | 10 | 14 | 16 | 23 | 25 | 52 |
| Total Liabilities | 21 | 23 | 29 | 34 | 50 | 63 | 102 |
| Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Non-Current Assets | 9 | 12 | 13 | 12 | 15 | 16 | 26 |
| Total Current Assets | 11 | 10 | 15 | 21 | 35 | 45 | 75 |
| Total Assets | 21 | 23 | 29 | 34 | 50 | 63 | 102 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 3 | 4 | 5 | 4 | 2 | 7 |
| Cash Flow from Operating Activities | 2 | 3 | 1 | -4 | -2 | 5 | 7 |
| Cash Flow from Investing Activities | -3 | -2 | -2 | 2 | -2 | -6 | -23 |
| Cash Flow from Financing Activities | 2 | -1 | 2 | 1 | 5 | 6 | 9 |
| Net Cash Inflow / Outflow | 1 | 0 | 2 | -1 | 1 | 5 | -7 |
| Closing Cash & Cash Equivalent | 3 | 4 | 5 | 4 | 4 | 7 | 0 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.34 | 6.3 | 2.12 | 3.47 | 3.67 | 5.02 | 8.28 |
| CEPS(Rs) | 4 | 7.18 | 2.36 | 3.75 | 3.84 | 5.28 | 8.54 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 53.43 | 59.73 | 22.05 | 25.53 | 27.29 | 32.23 | 44.08 |
| Core EBITDA Margin(%) | 7.38 | 6.51 | 6.4 | 9.41 | 11.02 | 7.91 | 9.06 |
| EBIT Margin(%) | 8.09 | 6.85 | 6.88 | 10.14 | 13.21 | 8.34 | 10.28 |
| Pre Tax Margin(%) | 5.19 | 5.23 | 5.32 | 8.3 | 11.01 | 7.15 | 9.17 |
| PAT Margin (%) | 3.84 | 3.9 | 3.95 | 6.27 | 8.38 | 5.41 | 6.84 |
| Cash Profit Margin (%) | 4.6 | 4.44 | 4.4 | 6.78 | 8.77 | 5.69 | 7.06 |
| ROA(%) | 3.31 | 6.04 | 5.41 | 7.67 | 8.46 | 8.63 | 10.23 |
| ROE(%) | 6.24 | 11.13 | 10.31 | 14.97 | 16.12 | 16.86 | 22.1 |
| ROCE(%) | 8.98 | 13.73 | 12.47 | 16.55 | 18.65 | 18.46 | 22.54 |
| Receivable days | 44.72 | 23.76 | 23.55 | 27.6 | 46.99 | 28.4 | 30.79 |
| Inventory Days | 86.46 | 41.8 | 36.75 | 58.86 | 95.9 | 64 | 74.2 |
| Payable days | 141.55 | 49.75 | 64.49 | 71.35 | 79.59 | 48.68 | 61.49 |
| PER(x) | 0 | 0 | 0 | 0 | 20.1 | 44.44 | 7.85 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 2.7 | 6.92 | 1.47 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.23 | 0.1 | 0.11 | 0.16 | 1.77 | 2.37 | 0.5 |
| EV/Core EBITDA(x) | 2.57 | 1.35 | 1.48 | 1.52 | 13.04 | 26.99 | 4.75 |
| Net Sales Growth(%) | 0 | 85.96 | 3.87 | 8.86 | 10.93 | 110.2 | 36.3 |
| EBIT Growth(%) | 0 | 57.55 | 4.35 | 60.46 | 44.38 | 33.7 | 68.46 |
| PAT Growth(%) | 0 | 88.83 | 5.28 | 73.16 | 48.09 | 36.78 | 72.55 |
| EPS Growth(%) | 0 | 88.83 | -66.29 | 63.35 | 5.8 | 36.78 | 64.9 |
| Debt/Equity(x) | 0.47 | 0.39 | 0.49 | 0.44 | 0.31 | 0.29 | 0.35 |
| Current Ratio(x) | 1.15 | 1.04 | 1.07 | 1.34 | 1.49 | 1.84 | 1.45 |
| Quick Ratio(x) | 0.7 | 0.7 | 0.81 | 0.8 | 0.91 | 1.11 | 0.83 |
| Interest Cover(x) | 2.79 | 4.22 | 4.4 | 5.5 | 6.02 | 7.03 | 9.22 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.11 | 0.04 | 0.24 |
| # | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 71.44 | 71.44 | 71.44 | 71.44 | 71.68 | 69 | 61.25 | 56.28 | 55.61 | 55.85 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 28.56 | 28.56 | 28.56 | 28.56 | 28.32 | 31 | 38.75 | 43.72 | 44.39 | 44.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.69 | 0.69 | 0.69 | 0.69 | 0.7 | 0.7 | 0.62 | 0.57 | 0.57 | 0.58 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 | 0.31 | 0.39 | 0.44 | 0.46 | 0.46 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 1.02 | 1.02 | 1.02 | 1.03 | 1.03 |
* The pros and cons are machine generated.
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