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Indian manufacturer of CNC machine tools, increasingly also making precision aerospace and defense components.
Indian manufacturer of CNC machine tools, increasingly also making precision aerospace and defense components.
Sells machine tools to manufacturers, with orders and delivery spread over months, so results follow the order backlog and customers' capital spending. It owns the French machine-tool maker Huron, which gives it high-end technology and European customers. Aerospace and defence parts are made on its own machines.
In one line: India's smaller Haas Automation for CNC machine tools.
Moat: narrow (process know-how, cost advantage). Domestic CNC machine-tool manufacturing scale that competes with imports on cost and localization.
Headquarters: Rajkot, India · Founded: 1994 · Employees: 4,122
Size Jyoti Cnc Automation (JYOTICNC.NS) is an India Industrials company (Metal Fabrication) with a market value of $2.45B, the 327th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,020 on 6 Nov 2026.
Performance Over six months the shares gained 31.9%, against -18.6% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 17.6% over the last twelve months (peer median +13.9%); the operating margin is 21.2% (peer median 10.2%).
Valuation It trades at 53.8× forward earnings against a peer median of 23.1× (6th most expensive of 18).
Capital Return on invested capital runs 7.8 points below its cost of capital (20.0% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹22.9B | ₹20.9B | ₹18.2B | ₹13.4B | ₹9.29B |
| Revenue growth | — | +15% | +36% | +44% | — |
| Gross profit | ₹8.51B | ₹6.49B | ₹5.61B | ₹3.44B | ₹1.19B |
| EBITDA | ₹5.42B | ₹5.42B | ₹4.96B | ₹3.02B | ₹803M |
| Net income | ₹3.09B | ₹3.36B | ₹3.16B | ₹1.51B | -₹54.6M |
| Free cash flow | n/a | -₹3.35B | -₹4.57B | -₹2.52B | -₹817M |
| Capital expenditure | n/a | ₹3.23B | ₹3.10B | ₹1.14B | ₹341M |
| Total debt | ₹9.46B | ₹8.53B | ₹4.97B | ₹3.04B | ₹8.35B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jyoti Cnc Automation JYOTICNC.NS | $2.45B | +32% | +18% | 21% | 53.8× | n/a |
| LMW LMW.NS | $1.93B | +14% | +19% | 4% | 55.9× | n/a |
| Okuma 6103.T | $1.56B | -16% | +15% | 9% | 10.4× | n/a |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
| Makino Milling Machine 6135.T | $1.99B | +35% | +17% | 12% | 10.1× | -3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JYOTICNC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -10.1% | 7th highest of 20 |
| 6-month return | +31.9% | -18.6% | 3rd highest of 19 |
| Distance from 52-week high | -10.1% | -45.0% | 3rd highest of 20 |
| Revenue growth (TTM) | +17.6% | +13.9% | 10th highest of 21 |
| Operating margin | 21.2% | 10.2% | 3rd highest of 21 |
| Forward P/E | 53.8× | 23.1× | 6th most expensive of 18 |
| ROIC minus cost of capital | -7.8 pp | -0.2 pp | 3rd lowest of 21 |
| EV / EBITDA | 44.3× | 15.7× | 2nd most expensive of 8 |
| Net debt / EBITDA | 1.5× | -0.2× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 20.7× | 9.9% | +12.8% |
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | n/a | 11.3% | +54.0% |
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% | +12.2% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |