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Josts Engineering Overview

1. Business Overview

JostS Engineering Company Ltd. is engaged in the Engineering - Industrial Equipments sector in India. This typically implies the company is involved in the design, manufacturing, supply, installation, and/or maintenance of various industrial equipment and systems. Their offerings could range from specialized machinery for manufacturing processes, material handling systems, power generation components, to equipment for infrastructure or process industries. The company generates revenue primarily through the sale of these industrial products, execution of engineering projects (which may include design, procurement, and construction components), and potentially through after-sales service contracts, spare parts, and upgrades. Their core business model revolves around providing technological and equipment solutions to other industrial clients.

2. Key Segments / Revenue Mix

Specific segments and revenue mix for JostS Engineering are not provided. However, for a company in this industry, typical revenue streams or operational segments might include:

Product Manufacturing & Sales: Revenue from the production and direct sale of standardized or customized industrial equipment.

Project Engineering & Execution: Income derived from undertaking engineering, procurement, and construction (EPC) or specific package contracts for industrial plants or large-scale projects.

Services & Spares: Revenue generated from after-sales services such as maintenance, repairs, overhauls, upgrades, and the supply of spare parts.

3. Industry & Positioning

The Indian Engineering - Industrial Equipments sector is a diverse and critical component of the manufacturing and infrastructure landscape. It serves a wide array of end-user industries, including automotive, power, metals, chemicals, infrastructure, and oil & gas. The industry is moderately fragmented, with large diversified players coexisting with numerous mid-sized and specialized manufacturers. It is cyclical, with demand closely tied to overall economic growth and capital expenditure (capex) cycles of various industries. JostS Engineering likely competes with both larger, established domestic and international engineering firms, as well as smaller, niche equipment manufacturers. Its positioning would depend on its specialization, technological capabilities, geographical reach, and client relationships within this competitive environment.

4. Competitive Advantage (Moat)

Based on the limited information, it is difficult to ascertain a strong, durable competitive advantage or "moat" for JostS Engineering. Potential sources of competitive advantage in this sector, which could apply to JostS Engineering (but are unconfirmed), include:

Specialized Technical Expertise: Deep knowledge or patented technology in a particular niche of industrial equipment.

Strong Client Relationships: Long-standing trust and repeat business from key industrial customers due to reliable performance and service.

Product Quality & Reliability: A reputation for manufacturing highly durable, efficient, and reliable equipment that minimizes downtime for clients.

Cost Leadership: Efficient manufacturing processes or supply chain management leading to a significant cost advantage.

Without specific details, any potential moat remains speculative.

5. Growth Drivers

India's Industrialization and Manufacturing Growth: Increased capital expenditure across various industrial sectors driven by economic growth and rising domestic consumption.

"Make in India" Initiative: Government impetus on promoting domestic manufacturing and reducing import dependence, benefiting local equipment producers.

Infrastructure Development: Continued large-scale investments in infrastructure projects (roads, railways, ports, power) creating demand for construction and industrial equipment.

Automation and Modernization: Demand from industries to upgrade existing facilities with more efficient, automated, and technologically advanced equipment.

Export Opportunities: Potential to leverage manufacturing capabilities to cater to demand in other developing economies in Asia and Africa.

6. Risks

Economic Cyclicality: The company's performance is highly sensitive to industrial capital expenditure cycles, making it vulnerable to economic slowdowns or recessions.

Raw Material Price Volatility: Fluctuations in the prices of key inputs such as steel, other metals, and components can significantly impact project costs and profit margins.

Intense Competition: High competition from both domestic and international players can lead to pricing pressures and margin erosion.

Project Execution Risks: Delays, cost overruns, and quality issues in complex engineering projects can severely affect profitability and reputation.

Technological Obsolescence: Rapid advancements in industrial technology require continuous investment in R&D and upgrades to remain competitive.

Regulatory and Policy Changes: Adverse changes in industrial policies, trade regulations, or environmental norms can impact operations and costs.

7. Management & Ownership

As is common for many Indian companies, JostS Engineering Company Ltd. is likely a promoter-led organization. While promoter-led companies often exhibit strong long-term commitment and clear strategic direction, specific details about the management team's experience, track record, or the ownership structure (e.g., promoter holding percentage) are not available to assess management quality or governance in depth.

8. Outlook

JostS Engineering operates in a sector with robust long-term tailwinds, driven by India's ongoing industrialization, infrastructure development, and the 'Make in India' initiative. These factors present significant opportunities for growth in demand for industrial equipment and engineering solutions. The company is well-positioned to capitalize on increasing domestic capital expenditure across various end-user industries. However, the outlook is not without challenges. The sector is inherently cyclical and sensitive to economic fluctuations, which can lead to volatility in order inflows and revenue. Furthermore, intense competition, managing raw material price volatility, and successful execution of complex projects remain critical for sustaining profitability and market share. The company's ability to innovate, maintain cost efficiencies, and build strong client relationships will be key to navigating these challenges and leveraging the sector's growth potential.

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Josts Engineering Key Financials

Market Cap ₹285 Cr.

Stock P/E 16.3

P/B 2.2

Current Price ₹241.4

Book Value ₹ 110.2

Face Value 1

52W High ₹542.5

Dividend Yield 0.49%

52W Low ₹ 188.1

Josts Engineering Share Price

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Volume
Price

Josts Engineering Quarterly Price

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Josts Engineering Peer Comparison

Josts Engineering Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 41 46 62 56 63 52 68 56 54 78
Other Income 0 0 0 0 0 0 1 0 0 0
Total Income 41 46 62 57 63 52 68 56 54 79
Total Expenditure 37 40 57 51 54 44 61 52 50 72
Operating Profit 4 6 6 6 9 8 8 4 5 7
Interest 0 1 1 0 0 1 1 2 1 1
Depreciation 1 1 1 1 1 1 1 1 2 2
Exceptional Income / Expenses 0 0 0 0 0 -1 0 0 0 -3
Profit Before Tax 3 5 4 5 7 6 6 1 2 2
Provision for Tax 1 2 1 1 2 1 2 0 1 0
Profit After Tax 2 3 3 4 5 4 5 0 1 1
Adjustments 0 0 0 0 0 0 0 -0 -0 0
Profit After Adjustments 2 3 3 4 5 4 5 0 1 1
Adjusted Earnings Per Share 2.2 3.2 3.1 3.5 5 3.9 4.3 0.3 0.7 1

Josts Engineering Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 92 112 115 96 124 172 187 239 256
Other Income 0 1 0 0 0 1 1 1 1
Total Income 92 113 115 96 125 173 188 240 257
Total Expenditure 88 106 104 87 114 158 170 210 235
Operating Profit 5 7 11 10 11 15 18 31 24
Interest 2 3 3 2 2 2 2 3 5
Depreciation 1 2 3 3 3 3 3 4 6
Exceptional Income / Expenses 0 0 -4 0 0 0 0 -1 -3
Profit Before Tax 2 2 1 5 7 10 14 24 11
Provision for Tax -0 -1 1 1 2 3 4 6 3
Profit After Tax 2 3 0 3 5 7 10 18 7
Adjustments 0 0 0 0 -0 -0 0 0 0
Profit After Adjustments 2 3 1 4 5 7 10 18 7
Adjusted Earnings Per Share 1.8 3.3 0.6 3.8 4.6 7.2 9.6 16.6 6.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% 24% 16% 0%
Operating Profit CAGR 72% 41% 23% 0%
PAT CAGR 80% 53% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -46% 22% 18% 16%
ROE Average 26% 22% 19% 14%
ROCE Average 30% 28% 23% 18%

Josts Engineering Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 22 25 25 29 33 38 58 78
Minority's Interest 2 3 3 3 3 1 0 0
Borrowings 5 11 8 5 5 1 3 3
Other Non-Current Liabilities 2 0 2 1 3 3 1 1
Total Current Liabilities 41 46 53 36 40 53 63 81
Total Liabilities 71 87 90 74 84 97 126 164
Fixed Assets 11 24 24 21 22 21 22 21
Other Non-Current Assets 1 1 1 1 5 8 11 23
Total Current Assets 60 62 66 52 56 69 92 120
Total Assets 71 87 90 74 84 97 126 164

Josts Engineering Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -8 -3 -0 -2 2 2 2 1
Cash Flow from Operating Activities -1 6 6 13 7 11 2 5
Cash Flow from Investing Activities -9 -15 -2 -1 -4 -3 -23 -9
Cash Flow from Financing Activities 15 11 -5 -7 -3 -7 21 6
Net Cash Inflow / Outflow 5 3 -1 6 -0 0 -0 2
Closing Cash & Cash Equivalent -3 -0 -2 4 2 2 1 3

Josts Engineering Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.82 3.31 0.55 3.78 4.58 7.21 9.57 16.61
CEPS(Rs) 2.96 5.01 3.29 6.35 7.52 10.75 12.6 20.02
DPS(Rs) 0.19 0.28 0.28 0.28 0.57 0.71 0.95 1.18
Book NAV/Share(Rs) 22.28 25.35 25.44 29.22 33.58 39.02 54.8 74.27
Core EBITDA Margin(%) 4.59 5.65 9.31 9.56 8.38 8.26 9.37 12.24
EBIT Margin(%) 3.68 4.34 3.53 7.06 6.46 6.73 8.11 11.01
Pre Tax Margin(%) 1.62 2.01 0.67 5.16 5.25 5.82 7.24 9.9
PAT Margin (%) 1.8 2.55 0.2 3.63 3.63 4.22 5.23 7.31
Cash Profit Margin (%) 3.13 4.39 2.82 6.51 5.88 6.09 6.89 8.81
ROA(%) 2.35 3.63 0.26 4.25 5.8 8.08 8.86 12.1
ROE(%) 7.64 12.22 0.93 12.95 14.77 20.5 20.83 25.96
ROCE(%) 8.92 10.87 7.83 14.47 18.95 26.52 26.11 30.27
Receivable days 137.77 113.23 108.5 121.07 93.32 84.65 101.33 106.27
Inventory Days 50.99 42.18 44.62 49.95 31.86 24.59 23.27 18.71
Payable days 124.71 113.36 122.58 135.69 106.57 93.01 105.64 92.67
PER(x) 61.89 19.32 95.93 13.49 19.01 16.94 36.59 23.12
Price/Book(x) 5.07 2.53 2.08 1.74 2.59 3.13 6.39 5.17
Dividend Yield(%) 0.17 0.44 0.54 0.56 0.65 0.58 0.27 0.31
EV/Net Sales(x) 1.34 0.74 0.63 0.61 0.75 0.72 1.99 1.76
EV/Core EBITDA(x) 26.39 12.02 6.61 6.12 8.5 8.27 20.21 13.73
Net Sales Growth(%) 0 22.35 2.22 -16.38 29.37 38.63 8.73 27.46
EBIT Growth(%) 0 42.2 -16.88 67.32 19.74 43.84 31.42 72.12
PAT Growth(%) 0 70.9 -91.86 1394.94 30.75 60.31 35.43 77.17
EPS Growth(%) 0 81.7 -83.32 583.51 21.27 57.33 32.7 73.63
Debt/Equity(x) 0.75 1.05 1.09 0.44 0.34 0.14 0.28 0.29
Current Ratio(x) 1.46 1.34 1.25 1.43 1.39 1.3 1.46 1.48
Quick Ratio(x) 1.14 1.06 0.97 1.12 1.13 1.06 1.27 1.31
Interest Cover(x) 1.79 1.86 1.23 3.72 5.34 7.35 9.3 9.97
Total Debt/Mcap(x) 0.15 0.42 0.52 0.25 0.13 0.05 0.04 0.06

Josts Engineering Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 47.2 47.2 47.2 47.2 47.2 48.26 48.26 48.07 48.06 48.06
FII 0 0 0 0 0 0 0 0 0 0
DII 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.05 0.05 0.05
Public 52.74 52.74 52.74 52.74 52.74 51.68 51.68 51.88 51.88 51.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Josts Engineering News

Josts Engineering Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 105.64 to 92.67days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.06%.
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