| Market Cap | ₹969.77 CrSmall Cap |
|---|---|
| Revenue Growth | 61.03%Q1 FY27 YoY |
| P/E Ratio | 15.07Sector: 31.15 |
| Order from | Power Grid Corporation of India Limited |
| Execution period | 38 Months from the date of NOA |
| Deal value | ₹949.35 Cr |
| Share of market cap | 97.9% |
| Share of annual revenue | 112.3% |
Key highlights
- Total contract value of ₹949.35 crore excluding GST for two separate lots
- Scope involves supply, erection, testing, and commissioning of ±800 kV HVDC lines
- Client is Power Grid Corporation of India Limited, a premier state-run utility
- Execution timeline is set at 38 months from the date of Notification of Award
- Project location is centered in Rajasthan for packages TL01 and TL02
Turnkey HVDC Project Details for Power Grid
Jyoti Structures has received Notifications of Award for the ±800 kV HVDC Bipole Barmer-II and South Kalamb transmission lines in Rajasthan. This turnkey project involves the comprehensive supply, erection, testing, and commissioning of high-voltage direct current lines. The contract is split into two packages, with Lot 1 valued at ₹474.85 crore and Lot 2 at ₹474.50 crore.
This win follows a consistent trend of large-scale domestic orders, including a ₹689.93 crore award from GETCO on October 23, 2026, for a 765kV transmission line in Gujarat.
Project Value and Scope Breakdown
- Lot 1 value stands at ₹474.85 crore excluding GST
- Lot 2 value stands at ₹474.50 crore excluding GST
- Combined project value of ₹949.35 crore exceeds the company's TTM revenue of ₹845.38 crore
- Execution period of 38 months from the date of Notification of Award
- Project categorized under packages TL01 and TL02 for Rajasthan transmission infrastructure
Operational Capacity and Financial Performance
The company reported a strong start to the current fiscal year, with Q1 FY27 operating revenue reaching ₹251.46 crore, marking a 61.03% increase compared to the previous year. Net profit for the same quarter rose by 74.37% to ₹19.46 crore. These results are supported by enhanced manufacturing capabilities, following the commissioning of a new galvanizing line at the Nashik facility in February 2026, which expanded the annual tower production capacity to 72,000 MT.
This infrastructure boost aligns with the execution requirements of large turnkey orders from major clients like Power Grid and Adani Electricity.
| Date | Announcement | Amount |
|---|---|---|
| 23 Oct 2026 | Letter of Award from GETCO for 765kV DC Pachchham-Saykha Transmission Line turnkey project in GujaratSource: tradebrains.in | ₹689.93 Cr |
| 13 May 2026 | Contract awarded to JV with Fentons by National Transmission Network Service Provider for 220kV Mullikulam Wind Power Transmission Project in Sri LankaSource: smallcapspotlight.in | ₹67.96 Cr |
| 30 Mar 2026 | Notification of Award from Adani Electricity Mumbai for EHV transmission line modification works for the Mumbai Coastal Road ProjectSource: BSE filing | ₹88.33 Cr |
| 11 Aug 2025 | Turnkey EPC order for 765kV and 400kV transmission lines in IndiaSource: hdfcsky.com | ₹639.00 Cr |
| 24 Jan 2025 | Notification of Award from Power Grid Corporation of India for ±800kV HVDC Bipole Line Package 01 between KPS2 and NagpurSource: business-standard.com | ₹741.28 Cr |
What to watch next
- Q2 FY27 financial results board meeting scheduled for November 03, 2026
- Commencement of execution activities for the Rajasthan HVDC project packages
- Progress update on the ₹689.93 crore GETCO project awarded on October 23, 2026
| Share price | ₹8.16 |
|---|---|
| Market capitalisation | ₹969.77 Cr |
| Revenue (annual) | ₹750.87 Cr |
| Net profit (annual) | ₹56.03 Cr |
| Revenue (latest quarter) | ₹251.46 Cr+7.30% vs previous quarter |
| Net profit (latest quarter) | ₹19.46 Cr+7.28% vs previous quarter |
| P/E (TTM) | 15.07×Sector 31.15× |
| Promoter holding | 0%0.00% QoQ |
| FII holding | 1.22%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jyoti Structures Ltd announcing the receipt of Notifications of Award for new project orders from Power Grid Corporation of India Limited. Market figures from a third-party data provider.
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