The shares of a company with years of expertise in making tools for sectors like aerospace, defence and auto components,saw a volatile session on Monday, June 30. The stock fell nearly 4% in early trade after 6.06% equity, or 1.37 crore shares worth Rs 1,499 crore, changed hands in a big block deal.
With a market capitalization of Rs 24,904 crore on Monday, shares of Jyoti CNC Automation opened under pressure, falling over 4% in early trade to hit an intraday low of Rs 1076.60, down from the previous close of Rs 1124.40, following a large block deal that sparked heavy selling.
Jyoti CNC Automation came into focus on Monday after a large block deal where around 1.37 crore shares, or 6.06% of the company’s equity, were sold for Rs 1,499 crore at an average price of Rs 1,087 per share 3.4% lower than the previous close.
Sources said non-promoter investors were looking to offload up to 6% stake, with the total deal size estimated at Rs 1,542 crore and an option to increase by Rs 304 crore.
Jyoti CNC Automation, founded in 1989, is one of India’s largest CNC machine manufacturers. It has a strong presence in advanced machining solutions, offering a wide range of CNC machines including turning centers, vertical and horizontal machining centers, 5-axis, and multi-tasking machines. The company also provides Industry 4.0 and AI-based solutions, catering to sectors like aerospace, defence, automotive, healthcare, power, and general engineering.
Jyoti has installed over 1.35 lakh machines globally and holds a robust order book of Rs 4,346 crore. It operates two plants in Rajkot and one in France, with subsidiaries in France, Germany, Canada, and Turkey, and has 29 sales and service centers across 12 Indian states, along with a global dealer network.
The company reported a revenue of Rs 1,818 crore in FY25, up by 35.87 percent from its FY24 revenue of Rs 1,338 crore. Coming to its profitability, the company reported a net profit rise of 109.27 percent to Rs 316 crore in FY25 from Rs 151 crore in FY24. The stock delivered an ROE and ROCE of 21.2 percent and 24.4 percent, respectively.
Written By Rohan Pandey
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