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Jayant Infratech Overview

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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Jayant Infratech Key Financials

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

Jayant Infratech Share Price

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Volume
Price

Jayant Infratech Quarterly Price

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Jayant Infratech Peer Comparison

Jayant Infratech Quarterly Results

#(Fig in Cr.)
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

Jayant Infratech Profit & Loss

#(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

Growth Rates

# 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%

Jayant Infratech Balance Sheet

#(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

Jayant Infratech Cash Flow

#(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

Jayant Infratech Ratios

# 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

Jayant Infratech Shareholding Pattern

# 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

Jayant Infratech News

Jayant Infratech Pros & Cons

Pros

  • Company has delivered good profit growth of 51% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 48.68 to 61.49days.
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