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JSL Inds. Overview

JSL Industries Limited was founded in 1966 as a subsidiary to M/s. Jyoti Limited, Vadodara, to supply various engineering products and components. The company manufactures electrical and power distribution products, including instrument transformers, switchboards, circuit breakers, starters, motors, and pumps. The promoters of JSL Industries include Saatyaki Anant Amin, Shetal A Divatia, and Subhadra Ravinderabhai Amin, with Rahulbhai N. Amin serving as the current Chairman. The company is committed to providing high-quality engineering solutio...Read More

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JSL Inds. Key Financials

Market Cap ₹111 Cr.

Stock P/E 17.2

P/B 2.3

Current Price ₹944.4

Book Value ₹ 403.2

Face Value 10

52W High ₹1647

Dividend Yield 0%

52W Low ₹ 875

JSL Inds. Share Price

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Volume
Price

JSL Inds. Quarterly Price

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JSL Inds. Peer Comparison

JSL Inds. 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 12 14 13 14 12 14 14 12 13 14
Other Income 3 -1 1 4 1 0 -0 0 0 1
Total Income 15 13 14 18 14 14 13 13 14 14
Total Expenditure 10 13 12 13 11 12 13 12 12 12
Operating Profit 4 -0 2 5 2 2 0 1 2 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 -0 2 5 2 1 -0 0 1 1
Provision for Tax 1 -0 0 1 0 0 -0 0 0 1
Profit After Tax 3 -0 2 4 2 1 -0 0 1 1
Adjustments 0 0 0 -0 0 0 0 0 0 -0
Profit After Adjustments 3 -0 2 4 2 1 -0 0 1 1
Adjusted Earnings Per Share 24.2 -2.5 14.1 34.5 13.6 8.4 -1.6 3.4 8.2 6.3

JSL Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 55 48 45 48 55 49 50 55 49 51 54 53
Other Income 1 0 0 0 0 1 1 1 2 5 5 1
Total Income 56 48 45 48 55 50 50 56 51 57 59 54
Total Expenditure 51 45 42 45 52 47 45 51 44 47 50 49
Operating Profit 5 3 3 3 3 3 5 5 7 10 9 5
Interest 1 1 1 1 1 1 1 1 1 0 0 0
Depreciation 2 2 2 2 2 2 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 1 0 1 1 3 4 6 8 8 2
Provision for Tax 1 0 0 0 0 0 1 1 2 2 1 1
Profit After Tax 2 0 1 0 0 0 2 3 3 6 6 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 0 1 0 0 0 2 3 3 6 6 2
Adjusted Earnings Per Share 14.3 4.1 4.5 1.7 2.8 2.7 20.4 23.5 29.3 52.5 54.9 16.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% -1% 2% -0%
Operating Profit CAGR -10% 22% 25% 6%
PAT CAGR 0% 26% 0% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -37% 30% 54% 32%
ROE Average 16% 15% 13% 7%
ROCE Average 18% 19% 17% 11%

JSL Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 25 29 26 28 25 25 27 30 33 40 46
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 2 5 2 2 2 2 2 2 2
Other Non-Current Liabilities 2 -1 -1 0 4 3 4 3 3 4 4
Total Current Liabilities 20 17 20 17 14 13 11 9 9 10 10
Total Liabilities 47 45 47 50 45 43 43 44 47 56 62
Fixed Assets 17 18 17 18 17 15 15 16 16 16 16
Other Non-Current Assets 9 8 8 8 8 6 7 3 5 6 9
Total Current Assets 22 19 22 25 21 22 22 26 27 33 36
Total Assets 47 45 47 50 45 43 43 44 47 56 62

JSL Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 0 0 0 0 0 1 0 0 0
Cash Flow from Operating Activities 1 -0 1 -2 5 -2 1 -5 1 -2 -0
Cash Flow from Investing Activities 2 -2 -1 -1 -0 1 -0 5 -2 -0 1
Cash Flow from Financing Activities -1 2 0 3 -5 1 -1 -0 1 2 -1
Net Cash Inflow / Outflow 1 0 0 -0 0 -0 1 -1 0 -0 -0
Closing Cash & Cash Equivalent 4 4 0 0 0 0 1 0 0 0 0

JSL Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.28 4.06 4.53 1.74 2.75 2.65 20.44 23.5 29.31 52.48 54.93
CEPS(Rs) 29.89 18.78 18.94 15.5 17.04 16.41 30.79 32.02 38.35 61.94 65.84
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 208.8 226.22 220.88 226.26 194.3 196.25 216.16 239.75 269.45 321.98 376.86
Core EBITDA Margin(%) 7.11 5.75 6.13 5.57 5.5 5.19 9.42 7.78 9.73 8.66 7.33
EBIT Margin(%) 5.61 3.22 3.35 2.68 2.94 3.16 8.07 7.83 12.49 17.11 15.05
Pre Tax Margin(%) 3.41 1.36 1.57 0.74 1.29 1.57 6.91 6.77 11.31 16.33 14.21
PAT Margin (%) 2.59 0.92 1.13 0.43 0.59 0.63 4.83 4.99 7.04 12 12.03
Cash Profit Margin (%) 5.43 3.87 4.7 3.82 3.62 3.92 7.28 6.8 9.21 14.16 14.41
ROA(%) 3.23 1.08 1.1 0.42 0.68 0.71 5.53 6.29 7.51 11.98 11.02
ROE(%) 7.08 2.05 2.03 0.8 1.31 1.36 9.91 10.31 11.51 17.75 15.72
ROCE(%) 11.93 5.75 4.8 3.87 5.34 5.82 14.29 14.53 18.29 22.29 17.65
Receivable days 46.78 39.99 42.53 49.68 40.61 36.03 27.83 23.72 28.29 20.32 22.56
Inventory Days 47.22 55.08 70.1 79.26 65.25 57.89 61.55 63.34 73.6 76.1 80.27
Payable days 104.48 121.93 131.32 126.68 92.05 102.06 96.85 52.72 49.9 50.14 45.77
PER(x) 19.46 35.92 28.67 65.93 32.74 0 5.23 9.15 11.57 16.91 27.63
Price/Book(x) 1.33 0.65 0.59 0.51 0.46 0 0.49 0.9 1.26 2.76 4.03
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.61 0.4 0.45 0.44 0.24 0.1 0.3 0.5 0.9 2.12 3.4
EV/Core EBITDA(x) 6.44 5.68 6.53 7.25 3.96 1.5 2.88 5.22 6.15 11.01 19.52
Net Sales Growth(%) 4.34 -13.17 -6.07 6.24 15.87 -11.03 1.16 11.21 -11.5 5.03 4.44
EBIT Growth(%) 0.31 -49.45 -13.51 -15.33 27.02 -4.33 158.49 7.96 41.13 43.81 -8.12
PAT Growth(%) 12.23 -68.71 1.51 -59.55 57.75 -3.53 670.17 14.96 24.72 79.06 4.67
EPS Growth(%) 12.23 -71.54 11.58 -61.53 57.75 -3.53 670.16 14.95 24.72 79.06 4.67
Debt/Equity(x) 0.25 0.18 0.26 0.31 0.14 0.19 0.14 0.09 0.14 0.13 0.1
Current Ratio(x) 1.12 1.13 1.1 1.46 1.45 1.64 2.05 2.75 2.89 3.25 3.78
Quick Ratio(x) 0.68 0.68 0.61 0.81 0.83 1.12 1.13 1.76 1.77 2.17 2.47
Interest Cover(x) 2.56 1.73 1.88 1.38 1.78 1.98 6.98 7.36 10.55 22.08 17.98
Total Debt/Mcap(x) 0.18 0.3 0.45 0.61 0.3 0 0.27 0.1 0.11 0.05 0.02

JSL Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 40.76 40.76 40.76 40.76 40.76 40.76 40.76 40.76 40.76 40.75
FII 0 0 0 0 0 0 0 0 0 0
DII 12.55 12.55 12.55 12.55 12.55 12.55 12.55 12.55 12.55 12.55
Public 46.69 46.69 46.69 46.69 46.69 46.69 46.69 46.69 46.69 46.69
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

JSL Inds. News

JSL Inds. Pros & Cons

Pros

  • Debtor days have improved from 50.14 to 45.77days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.75%.
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