Jyoti CNC Automation Limited
Start Date09-01-2024
Application Timing10am-5pm
Price Range₹315 - ₹331
Min Qty45
Min. Investment₹14175
Listing DateNA
Close Date11-01-2024

About Jyoti CNC Automation Limited

Jyoti CNC Automation is one of the world’s leading manufacturers of CNC machines with the second and twelfth largest market share, in India and globally, respectively. They are a prominent manufacturer of simultaneous 5-Axis CNC machines in India and are a supplier of one of the most diverse portfolios of CNC machines. With expertise built over 2 decades and strong R& D capabilities, company delivers customised solutions to customers across diverse industries including aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others.

They offer over 200 product variants across and during the last 3 Fiscals, company has supplied over 7,200 CNC machines to more than 3,000 customers in India and across Asia , Europe, North America and rest of the world.


The CNC machines market is expected to grow globally at a CAGR of 9.9% during CY 2023-2027. This growth is expected to be propelled by a growth in the manufacturing industries due to factors such as industrial automation, and integration of computer aided manufacturing. The surge in demand for high precision machinery from various industries including aerospace, defense and medical sector is expected to result in increased demand for the machining centers market.

Why To Invest in Jyoti CNC Automation Limited

One of the leading companies in India and globally in CNC machines market with global client base. The IPO Fresh issue proceeds will be utilised for repayment of borrowings and funding long-term working capital requirements of the company.

Strengths And Risks
Leading CNC Machines Manufacturer: Jyoti CNC Machines has 8% market share in India, it is second largest CNC machines manufacturer ang 12th largest in the world. Its standing in the Indian industry is demonstrated by the fact that they have been recognised as ‘Best Brand in the Metal Cutting Industry’ by Economic Times for 5 consecutive years from 2018 to 2022.
Diversified Global Customer Base: Some of their customers across the various end industries include Space Applications Centre – ISRO, BrahMos Aerospace, Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advances System, Tata Sikorsky Aerospace Limited, Bharat Forge, C.R.I. Pumps, Kalyani Technoforge, Shakti Pumps, Shreeram Aerospace & Defence, Rolex Rings, Orbit Bearings India, Omnitech Engineering, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and Aequs Private Limited.
R&D Focus: The ability to deliver high precision multi-purpose products is significantly enhanced by their dedicated R&D team situated at their facilities in Rajkot, Gujarat and Strasbourg, France. The growth in product range from entry level CNC machines to sophisticated multi-axis machines is due to constant focus on technology and R&D.
Experienced Promoters : Parakramsinh Jadeja, one of the Promoters and company CMD, is vastly experienced and has been feted by various industry bodies for his entrepreneurship. He has been awarded the ‘Premier Outstanding Entrepreneurship Award’ by the IMTMA in 2013, ‘Small Scale Entrepreneur Third Award, by the Government of India, and the “CII Best Entrepreneurship of the year award’ for 2004-2005.
Competitive Industry: Jyoti CNC operates in a highly competitive environment in both in the Indian and overseas markets. The industry is highly fragmented, both domestically and globally. To remain competitive, they must meet quality standards, strive to reduce production and distribution costs and improve operating efficiencies and innovate the products offering.
High Working Capital Requirement: Company has a high working capital requirement and if the are unable to raise sufficient working capital, the operations will be adversely affected.
High Debt and Past Losses: As of July 31, 2023, Jyoti CNC has total outstanding debt of Rs. 1037 crores respectively which poses a risk to profitability. The company has incurred losses in the past.
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