Price as of 13 Nov 2026 close: ₹13.28 (NSE: JYOTISTRUC, BSE: 513250). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Univest and Arthneeti; debt-resolution update from Ventura Securities. Price and trailing figures from StockAnalysis.
Jyoti Structures builds power transmission lines and towers. It went through insolvency and is now operating under an approved resolution plan. On 11 November 2026 lenders began releasing bank guarantees and letters of credit worth ₹510.6 crore, following an NCLAT order — facilities the company says it needed to execute its order book. Q2 FY27 revenue rose 62% to ₹244 crore and profit 59% to ₹15.4 crore. At ₹13.28, near its 52-week high, it trades at about 22.6× trailing earnings.
Table of Contents
- Jyoti Structures share price targets at a glance
- Jyoti Structures How we calculate the targets
- Jyoti Structures Latest results: what changed
- Jyoti Structures Share price in 2026
- Jyoti Structures Target 2027
- Jyoti Structures Target 2028
- Jyoti Structures Target 2029
- Jyoti Structures Target 2030
- Jyoti Structures Key metrics
- Jyoti Structures Risks to the base case
- Jyoti Structures What the numbers suggest
- Jyoti Structures FAQs
1. Jyoti Structures Share Price Targets 2027–2030 at a Glance
All three scenarios come from one formula (next section). Targets are for the end of each calendar year.
| Year-end | Bear (₹) | Base (₹) | Bull (₹) |
|---|---|---|---|
| 2027 | 7.8 | 15.3 | 23.2 |
| 2028 | 8.2 | 18.35 | 29.7 |
| 2029 | 8.6 | 22 | 38 |
| 2030 | 9.05 | 26.45 | 48.65 |
The base case implies a price change of roughly 18% a year from today's ₹13.28 to the end of 2030.
2. How We Calculate These Targets
Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.
- Starting EPS: trailing twelve-month EPS of about ₹0.59 (₹13.28 ÷ ~22.6× P/E), on about 119 crore shares.
- Bear case: EPS grows 5% a year, P/E 12×. Execution remains constrained and the market keeps a distressed-company discount.
- Base case: EPS grows 20% a year, P/E 18×. With guarantees released, the order book converts faster and margins hold; P/E eases slightly.
- Bull case: EPS grows 28% a year, P/E 24×. Transmission spending in India drives large new orders and the company re-rates as a normal EPC player.
| Financial year | Bear EPS (₹) | Base EPS (₹) | Bull EPS (₹) |
|---|---|---|---|
| FY28 | 0.65 | 0.85 | 0.97 |
| FY29 | 0.68 | 1.02 | 1.24 |
| FY30 | 0.72 | 1.22 | 1.58 |
| FY31 | 0.75 | 1.47 | 2.03 |
Worked example (base, 2027): ₹0.59 × 1.20 × 1.20 = ₹0.85 FY28 EPS → × 18 = ₹15.3.
Sensitivity — 2030 base-case EPS of ₹1.47 at different multiples:
| P/E | 12× | 18× | 24× |
|---|---|---|---|
| 2030 price (₹) | 17.6 | 26.45 | 35.25 |
3. Latest Results: What Changed
| ₹ crore / % | Q2 FY26 | Q2 FY27 | Change |
|---|---|---|---|
| Revenue | ~150.8 | 243.8 | +62% |
| Operating profit | 8.8 | 17.4 | +98% |
| Net profit | 9.7 | 15.4 | +59% |
| Q1 FY27 net profit | 19.5 | ||
| FY26 net profit | ~35.6 | 56.0 | +57% |
| Guarantees / LCs released (Nov 2026) | 510.6 | Under resolution plan |
What changed: the company is growing fast from a low base, and the release of ₹510 crore of bank guarantees removes a key bottleneck — without guarantees, an EPC contractor can’t bid for or execute large projects.
What it means for the targets: the base case assumes 20% EPS growth as execution speeds up. The last reported order book (about ₹2,400 crore, as of Q3 FY26) is several times annual revenue.
4. Jyoti Structures Share Price in 2026: Where It Stands
With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹13.28 on 13 Nov 2026, within a 52-week range of ₹7.94 – ₹14.47. The stock is near its 52-week high after the guarantee release.
5. Jyoti Structures Share Price Target 2027: ₹7.8 – ₹23.2 (Base ₹15.3)
Based on FY28 EPS of ₹0.65 / ₹0.85 / ₹0.97 (bear / base / bull). What to watch: quarterly revenue now that guarantees are available.
6. Jyoti Structures Share Price Target 2028: ₹8.2 – ₹29.7 (Base ₹18.35)
Based on FY29 EPS of ₹0.68 / ₹1.02 / ₹1.24 (bear / base / bull). What to watch: new orders from transmission utilities.
7. Jyoti Structures Share Price Target 2029: ₹8.6 – ₹38 (Base ₹22)
Based on FY30 EPS of ₹0.72 / ₹1.22 / ₹1.58 (bear / base / bull). What to watch: EBITDA margin (about 7% in Q2 FY27).
8. Jyoti Structures Share Price Target 2030: ₹9.05 – ₹48.65 (Base ₹26.45)
Based on FY31 EPS of ₹0.75 / ₹1.47 / ₹2.03 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.
9. Key Metrics
| Metric | Value | Why it matters |
|---|---|---|
| P/E (trailing) | ~22.6× | |
| Market cap | ~₹1,585 crore | Small-cap |
| Shares outstanding | ~119 crore | |
| Revenue (TTM) | ~₹939 crore | |
| Last reported order book | ~₹2,400 crore (Q3 FY26) | Several years of revenue |
10. Risks That Would Break the Base Case
- Legacy issues: companies emerging from insolvency can face lingering disputes and liabilities.
- Working capital: EPC contracts need guarantees and funding to execute.
- Thin margins: transmission EPC typically earns single-digit margins.
- Penny-stock volatility: a low share price attracts speculative trading.
11. What the Numbers Suggest
Jyoti Structures is recovering after insolvency, and the guarantee release is a real step forward. The variable to track is revenue growth now that execution constraints are easing. If it accelerates, the base case (₹26.45 by 2030) is reasonable; continued constraints point to the bear case.
This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.
12. FAQs on Jyoti Structures Share Price
What is the Jyoti Structures share price target for 2027?
Our base case is ₹15.3, assuming 20% annual EPS growth and a 18× P/E. The range is ₹7.8 (bear) to ₹23.2 (bull).
What is the Jyoti Structures share price target for 2030?
Base case ₹26.45; range ₹9.05 to ₹48.65. It assumes FY31 EPS of about ₹1.47.
What is the latest on Jyoti Structures’ debt resolution?
In November 2026 lenders began releasing ₹510.6 crore of bank guarantees and letters of credit under the approved resolution plan.
What was Jyoti Structures’ profit in Q2 FY27?
About ₹15.4 crore, up 59%.
What does Jyoti Structures do?
It builds power transmission towers and lines (EPC).
Why is Jyoti Structures trending?
The guarantee release under its resolution plan and strong Q2 FY27 growth.
Disclaimer: This article is for educational purposes only and is not investment advice or a recommendation to buy or sell any security. Price targets are scenario estimates based on the stated assumptions and may not materialise. Please consult a SEBI-registered investment adviser before making investment decisions.
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