Jyoti Structures Limited, incorporated in 1974, is a leading engineering, procurement, and construction (EPC) contracting company specializing in power transmission and distribution networks. Headquartered in Mumbai, the company operates extensively in India and has a significant global presence across Asia, Africa, and North America.
The company is a turnkey/EPC project specialist in the power sector, with an impressive track record of commissioning over 31,000 circuit kilometers of Transmission Lines up to 765 kV, 1800 bay substations, and electrifying over 37,325 villages across more than 50 countries. This extensive experience firmly establishes Jyoti Structures as a key player in global power infrastructure development.
Jyoti Structures Limited is engaged in the business of manufacturing transmission line towers, sub-station structures, tall antenna towers/masts, and railway electrification structures. The company's core activities involve turnkey/EPC projects encompassing survey, foundation, designing, fabrication, erection, and stringing activities for extra high voltage (EHV) transmission lines and procurement.
The company also provides lattice and pipe type structures, civil works, erection, testing, and commissioning of switchyard/substations and distribution networks, catering to both domestic and international markets. Jyoti Structures operates as an EPC company in power transmission & distribution networks up to 765 Kilo Volts (kV) & 800 kV alternating current (AC) and high voltage direct current (HVDC) transmission lines, and 765 kV Substations. Its services are categorized into three main lines of operations: transmission lines, substations, and rural distribution networks, offering comprehensive solutions from design & engineering to construction and project management.
The company boasts two manufacturing plants, strategically located in Nashik and Raipur, with a combined capacity of 110,000 metric tonnes for the fabrication and galvanizing of towers and structures. Complementing these facilities is an in-house tower testing facility at Ghoti Igatpuri, ensuring rigorous quality control.
In a significant expansion, Jyoti Structures inaugurated an ultramodern tower manufacturing facility near Houston, Texas, in April 2012. More recently, the company has started fabrication at its Nasik Plant 2 and has upgraded its testing facility, enhancing its capabilities to test wider base towers, aligning with the increasing demands of higher voltage power transmission systems.
As of July 2025, Jyoti Structures Limited holds a market capitalization of ₹2,407.71 Crore. The company has demonstrated consistent growth, with revenue growing at a yearly rate of 19.7% over the last 5 years, significantly outperforming the industry average of 11.07%.
For the full financial year 2025, the company reported a net profit increase of 23.34% to ₹35.57 crore, while revenue from operations rose 10.29% to ₹497.83 crore. Profit Before Tax (PBT) showed a substantial increase of 81.45% in FY25 compared to FY22. The company’s opening order book as of April 1, 2025, stands at over ₹1,900 crore, providing strong business visibility for the future.
• Revenue Growth: Revenue has shown consistent growth over the last 3 quarters, increasing from ₹89.6 Cr to ₹138.64 Cr, with an average increase of 19.6% per quarter.
• Net Profit Growth: Net profit has also risen over the last 3 quarters, from ₹5.09 Cr to ₹11.48 Cr, with an average increase of 33.2% per quarter.
• Q4 FY25 Performance: For Q4 FY2025, Jyoti Structures Ltd. posted ₹166.97 crore in revenue and ₹11.93 crore in net profit.
• Key Metrics (Latest): Stock P/E 59.9, Book Value ₹4.73, Dividend Yield 0.00%, ROCE 1.60%, ROE 13.2%.
• Market Capitalization: ₹2,407.71 Crore (as of July 2025).
Jyoti Structures has undertaken several key corporate actions, including settling ₹11.49 Cr debentures for ₹4.12 Cr under a resolution plan. The company also converted 7.5 lakh warrants into equity shares at ₹13.20, raising ₹99 lakh in June 2025.
In a significant business development, the company received and accepted a Notification of Award from Adani Energy Solutions. This order, valued at ₹389.36 crore, is for the supply of towers, survey, soil investigation, foundations, erection, stringing, testing, and commissioning of the 756 kV DC transmission line 1B of Boisar II-Pune III on a turnkey basis, further bolstering its order book.
Jyoti Structures Ltd. is a leading Indian provider of turnkey solutions in power transmission, holding prestigious ISO 9001, ISO 14001, and OHSAS certifications. These certifications underscore its commitment to quality management, environmental responsibility, and occupational health and safety standards. Operating globally, the company offers a complete range of services from design engineering and tower testing to manufacturing, construction, and project management, adhering to international best practices.
Jyoti Structures has ambitious expansion plans, including the restart of its second unit in Nashik by the end of FY25. This will add 33,000 MT capacity, significantly enhancing the company's manufacturing capabilities. In 2020-21, the company secured two major contracts: setting up multiple transmission lines in Madhya Pradesh and a turnkey design, supply, and construction of a 765 KW D.C transmission line, showcasing its continued ability to win large-scale projects.
The company's extensive global presence across Asia, Africa, and North America, combined with its proven track record of delivering complex power transmission projects, positions it exceptionally well for future growth in the expanding power infrastructure sector. With a strong order book and ongoing capacity expansion initiatives, Jyoti Structures is poised to strengthen its position as a key player in India's and the global power transmission industry.
