Jyoti CNC Automation Ltd(JYOTICNC)

NSE: JYOTICNCBSE: 544081

₹ 892.8-3.38%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 20,304 crWebsite: www.jyoti.co.inUpdated: 24 Oct 2026

About

Jyoti CNC Automation Ltd is among the world's leading vertically integrated manufacturers of CNC machines and among the leading manufacturers of simultaneous 5-axis CNC machines in India, producing over 200 product variants from its plants in Rajkot and Strasbourg. The company reported consolidated revenue of ₹2,093 cr in FY26 and held an order book of ₹4,848 cr as of June 30, 2026. Its customer base spans aerospace and defence, automotive, general engineering, and electronics manufacturing services across more than 60 countries.^[1][2][3]

Business segments

Aerospace and defence was the largest revenue vertical at ~45% of standalone FY25 revenue, followed by auto and auto components at 23%, general engineering at 19%, EMS at 5%, and die and mould at 5%.^[1]
Aerospace and defence commanded 38% of the consolidated order book as of March 31, 2026, with EMS at 14% - reflecting a growing pipeline in electronics manufacturing.^[4]
Standalone India business generated ₹1,949 cr in FY26 revenue (+20.7% YoY); Huron (France) contributed ₹222 cr in 9M FY26.^[4][5]

Products and brands

The portfolio spans over 200 product variants across CNC Turning Centres, Turn Mill Centres, 5-Axis Machining Centres, and Multi-Tasking Machines, with machine values ranging from ₹10 lakh to ₹20 crore.^[1][6]
Products are sold in three tiers: entry-level (up to ₹50 lakh), mid-range (₹50 lakh - ₹2 crore), and high-end (₹2 crore and above, up to ₹20 crore).^[1]
Seven new models were launched in FY25, including GU 8, AWT 22, BTM 100, ATM 200, TachyonBeta, HUMA, HP 4000, and HP 6000.^[1]
In Q1 FY27, the company launched NX, a high-precision double-column machine in the 6-metre range targeting railways, commercial vehicles, infrastructure, power, and heavy engineering - a category where India previously imported over 300 machines annually.^[3]
Jyoti CNC was recognised as 'Best Brand in the Metal Cutting Industry' by Economic Times for 7 consecutive years from 2018 to 2024, and as 'Iconic Brand of India 2024' by ET Edge.^[1]

Manufacturing operations

Two plants in Rajkot, India cover 2,37,408.50 sq. metres of industrial land with installed capacity of 6,000 CNC machines per annum as of FY25.^[1]
Huron Graffenstaden's plant in Strasbourg, France covers 46,442 sq. metres with installed capacity of 121 CNC machines per annum; capacity was doubled in November 2025 to support growth.^[1][5]
India capacity utilisation ran at 86% in Q1 FY27 (on a 6,000 machines p.a. base), with the machine shop 80% constructed and sheet metal and assembly buildings complete for the new facility.^[3]
Two dedicated R&D centres operate - the Leonardo Da Vinci R&D Centre in Rajkot and a facility in Strasbourg - staffed by over 140 R&D professionals; R&D expenditure was ₹11.23 crore in FY25.^[1]
The company is fully vertically integrated, manufacturing critical components including spindles, turrets, and rotary tables in-house; approximately 10% of material costs come from overseas suppliers.^[1][6]

Key operating numbers

Order book reached a record ₹4,848 cr as of June 30, 2026, up from ₹4,732 cr at March 31, 2026 and ₹4,346 cr at March 31, 2025.^[3][4][1]
Q1 FY27 order intake was ₹601 cr; full-year FY26 order inflows were ₹2,364 cr with ₹1,978 cr executed.^[3][4]
Machines sold rose 26% YoY to 1,406 units in Q1 FY27 (vs 1,117 in Q1 FY26); blended realisation per machine was ~₹34.56 lakh in Q1 FY27, flat YoY vs ₹34.41 lakh.^[3]
India produced 5,550 machines in FY26; Q3 FY26 average realisation per machine was ₹40.5 lakh on 1,358 machines delivered.^[3][5]
Working capital days deteriorated to 234 days in FY26 (FY25: 203 days), with inventory days rising to 453 days (FY25: 378 days).^[4]

Customers and distribution

Demand in Q1 FY27 was strong across general engineering, automotive, EMS, defence, and precision engineering sectors; in Q2 FY26, ~₹180 cr of orders came from Indian defence ordnance factories alone.^[3][6]
Over 1,35,000 machines are installed globally across more than 60 countries; exports accounted for 35.88% of total turnover in FY25.^[1]
India sales and service network comprises 29 branches and 2 distributors/dealers covering 12 states; overseas network has 11 distributors/dealers across 18 countries.^[1]
200+ Jyoti personnel are embedded with EMS customers developing processes, tooling, and programming; order conversion awaits customer capex clearance under the ₹40,000 cr Electronics Component Manufacturing PLI scheme.^[3]
Sales activity started in China in Q3 FY26, with orders received from Chinese customers; European defence customers (Germany, Turkey) represent an export opportunity for Huron.^[5]

Expansion and capex

A 10,000 machines p.a. capacity addition at Rajkot is on track for September 2026 commissioning (foundry one month delayed to October), taking total India installed capacity from 6,000 to 16,000 machines p.a.; total programme cost is ₹400 - 450 cr.^[3][4][5]
FY27 capex is guided at ₹200 - 250 cr, representing the balance of the total ₹450 cr capacity programme.^[3]
Board approved purchase of ~20 acres at Tumakuru Machine Tools Park, Karnataka in July 2025 to serve as a demo centre, warehouse, service support, small assembly, and R&D hub for EMS customers in South India.^[6]
A proprietary CNC controller branded HUMA is in development; HMI is ready, with commercial manufacturing expected within two years; PLI application submitted for ~50% total capex subsidy (25% central + 25% state).^[3][5]
8 - 10 semiconductor equipment technologies are being developed under India Semiconductor Mission 2.0; commercial product launch expected within two years.^[5][6]

Recent developments

Huron Graffenstaden doubled its Strasbourg facility capacity and inaugurated the new production building on November 19, 2025; assembly operations commenced with revenue ramp from FY27.^[5]
Huron switched from percentage-of-completion to delivery-based revenue recognition in Q1 FY27, depressing consolidated Q1 FY27 revenue by approximately ₹35 cr; the two periods are not directly comparable.^[3]
In Q4 FY26, Huron reversed ~₹67 cr of revenue under the Percentage of Completion method due to an ongoing investigation, compressing consolidated Q4 FY26 EBITDA margin by 630 bps YoY to 24.6%.^[4]
July 2026 was reported as historically the highest monthly order intake for the company domestically, with over 1,000 machines booked in a single month.^[3]
Total workforce stood at 3,507 as of March 31, 2025; more than 1,000 individuals were trained in FY25 through the company's in-house Centre of Excellence.^[1]

Market Cap

₹20,304 Cr

High / Low

₹1,134 / 580

Stock P/E

63.1

Price / Book

10.2

Book Value

₹88

EPS

₹14.8

No. of Shares

22.74 Cr

ROCE

21.3%

ROE

18.2%

OPM

24.9%

Debt / Equity

0.42

Sales

₹2,093 Cr

Net Profit

₹336 Cr

Promoter holding

62.5%

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