Jyoti CNC: Growth, Orders and Wave Analysis

Description: An educational review by researcher Manideep Sen on Jyoti CNC’s financial growth, order book, capacity and technical outlook, not a buy or sell call.

Jyoti CNC Automation: Financial and Technical Analysis

Jyoti CNC Automation Ltd is the focus of a detailed financial and technical study prepared by researcher Manideep Sen in September 2026. The study looks at the company’s financial performance, order book, manufacturing capacity, sector exposure, shareholding pattern, technical indicators and Elliott Wave structure.

The analysis covers both business data and market data. The financial section looks at revenue, profit, machine execution, order backlog and capacity. The technical section examines price levels, moving averages, momentum indicators, pivot points and Elliott Wave targets.

This article presents the information from that research in simple language. The figures and technical levels remain unchanged. The price targets are part of the research framework and are not guarantees of future market prices.

Jyoti CNC’s Position in the CNC Market

Jyoti CNC Automation is described in the research as a major Indian manufacturer of simultaneous 5-axis metal-cutting CNC machines. The company has a stated domestic market share of 10% in CNC machines.

The company has business exposure across several industrial sectors. Aerospace & Defence forms the largest part of the reported order book at 38%. General Engineering accounts for 20%, while Automotive contributes 19%.

Electronics Manufacturing Services, or EMS, accounts for 13%. Dies & Moulds make up another 4%.

This mix gives an idea of the industries that contribute to the company’s order pipeline. Aerospace and defence have the largest share in the order book, followed by general engineering and automotive.

The research places strong focus on the company’s order backlog. The latest reported figure is ₹4,848 crore, which is about 2.5 times annual revenue. The research views this order position as a source of revenue visibility through FY28.

FY26 Revenue Rises 20.7%

Jyoti CNC reported a clear rise in revenue during FY26.

Consolidated revenue from operations reached ₹1,949.01 crore in FY26, compared with ₹1,615.03 crore in FY25. This represents year-on-year growth of 20.7%.

Standalone net profit rose 26.2%, from ₹310.06 crore in FY25 to ₹391.25 crore in FY26.

The research connects the profit rise with higher machine execution. The company executed 5,550 machines in FY26, compared with 4,072 machines in FY25. The average standalone realisation was ₹35.62 lakh per machine.

The numbers show higher revenue, higher profit and higher machine execution in FY26 compared with FY25.

Financial Snapshot

Q1 FY27 Shows Further Revenue Growth

The research also highlights the company’s Q1 FY27 numbers.

Consolidated revenue rose 24% year on year to ₹508.5 crore. Standalone revenue rose 37% year on year to ₹107 crore.

Standalone adjusted EBITDA margin increased by 190 basis points year on year to 28.4%. The reported EBITDA margin was 27.2%.

The research attributes the margin movement to operational leverage. It also notes temporary accounting adjustments at the company’s European subsidiary, Huron.

Q1 FY27 machine execution stood at 1,406 units. This compares with the full-year figure of 5,550 units in FY26 and 4,072 units in FY25.

The Q1 figures provide another reference point for the company’s revenue growth, machine execution and margins.

Capacity Expansion Is a Major Factor

Capacity expansion forms a key part of the research thesis.

Jyoti CNC’s main manufacturing facility in Rajkot has a base capacity of 6,000 machines per year. The facility is stated to operate at 86% utilisation.

The company has a capital expenditure project with a total estimated cost of about ₹450 crore. The research states that around ₹200–₹225 crore had been spent at the time of the report.

The project is expected to add 10,000 machines per year to the company’s capacity. Full commissioning is scheduled by the end of September 2026.

The proposed addition is substantial compared with the existing base capacity of 6,000 machines per year. The research therefore treats the capacity project as an important factor for the company’s future scale.

The capacity plan also has a direct link with the order book. The research places the order backlog at ₹4,848 crore while the new project adds a planned 10,000 machines per year.

Order Book Rises to ₹4,848 Crore

The company’s order book has increased across the periods covered in the research.

The order backlog stood at ₹3,140 crore in FY25. It rose to ₹4,732 crore in FY26 and then reached ₹4,848 crore in the current status shown in the research.

The latest figure is described as about 2.5 times annual revenue.

A large order book can provide visibility for future business. However, an order book does not by itself guarantee the timing of revenue, profit margins or cash flow. Actual results depend on execution, customer schedules, costs and other business factors.

Promoter Holding Remains at 62.55%

The promoter holding is shown at 62.55% for FY25, FY26 and the current period.

Institutional ownership shows a different movement. Institutional holding, which includes domestic and foreign institutions, stood at 17.63% in FY25 and rose to 22.63% in FY26.

The current figure is shown as a range of 18.88%–22.63%. The research also notes a rise in domestic institutional ownership to 12.59%.

These figures describe the ownership structure. They do not by themselves establish the future direction of the share price.

Technical Indicators Remain Positive in the Research

The technical section of Manideep Sen’s research uses indicators from Investing.com, TradingView and Screener.

The research states that these indicators show a “Strong Buy” signal across the major timeframes. This is the result stated by the research and should not be treated as an independent recommendation in this article.

The share price was above several major exponential moving averages. The research gives the 5 EMA at ₹1,036.63, the 20 EMA at ₹1,006.78, the 50 EMA at ₹996.77, the 100 EMA at ₹986.52, and the 200 EMA at ₹957.65.

The research describes this pattern as a stacked golden alignment.

Key Technical Indicators

The RSI range of 72.68–73.58 is described in the research as a sign of strong upward momentum near the 52-week high.

MACD stood at +13.96, with a positive histogram above the baseline. ADX was 51.82, which the research describes as a strong trend condition.

CCI stood at +135.27 and was associated with sustained buying pressure in breakout territory.

The 20 EMA at ₹1,006.78 is treated as a dynamic support level. The 200 EMA at ₹957.65 is described as the major long-term trend anchor.

These indicators are market-based measures. Their values can change when new price data become available.

Key Support and Resistance Levels

The research also uses classic and Fibonacci pivot calculations.

Under the classic pivot method, the main pivot stands at ₹1,049.40. The support levels are ₹1,010.70, ₹1,025.85 and ₹1,034.25. The resistance levels are ₹1,057.80, ₹1,072.95 and ₹1,081.35.

Under the Fibonacci pivot method, the main pivot is again ₹1,049.40. Support levels are ₹1,025.85, ₹1,034.85 and ₹1,040.40. Resistance levels are ₹1,058.40, ₹1,063.95 and ₹1,072.95.

These figures are technical reference points. They are not fixed barriers and do not guarantee a price reversal or breakout.

Elliott Wave Structure Since the 2024 Listing

The research applies the Elliott Wave Principle to Jyoti CNC’s price movement since its 2024 listing.

It describes a five-wave motive structure. The initial Wave 1 rally reached ₹845–₹1,009.

This was followed by a multi-month Wave 2 correction. The research identifies a structural accumulation base between ₹748.45 and ₹795.05.

The next phase forms part of Wave 3. The research states that Sub-wave i and Sub-wave ii were complete within the Q1/Q2 consolidation range.

A breakout close above ₹1,009, followed by a test of ₹1,058.85, is used by the research as confirmation that the stock had moved into Sub-wave iii of Wave 3.

Within the Elliott Wave framework, Sub-wave iii is generally treated as a major part of an impulse cycle. The research uses this structure to set its next price levels.

Wave 3 Target Falls at ₹1,180–₹1,220

The research gives ₹1,180–₹1,220 as the immediate Wave 3 target.

It states that this range comes from a 1.618 Fibonacci extension of Wave 1.

For a possible Wave 4 correction, the research identifies ₹1,034–₹1,040 as a support zone.

For the larger Wave 5 structure, the research gives a target of ₹1,350–₹1,400+. This longer-term view is linked in the research to the full operational capacity rollout in H2 FY27.

The structural invalidation level is ₹795.05. Under the Elliott Wave framework used in the research, a daily candle close below this level would invalidate the stated wave structure.

Elliott Wave Price Roadmap

Trade Parameters Given in the Research

The report prepared by Manideep Sen also provides a technical trade setup for positional investors and swing traders.

The research identifies an accumulation zone between ₹1,010 and ₹1,050. It also gives a direct breakout reference above ₹1,066.

The stated stop-loss levels are ₹950 as a conservative trailing level and ₹795.05 as the hard structural wave invalidation level.

The three stated upside targets are ₹1,180, ₹1,220 and ₹1,350+.

These figures are included to preserve the information in the original research. They are not presented here as instructions to enter or exit a position.

What the Financial Data Show

The financial data provide several important reference points.

FY26 consolidated revenue reached ₹1,949.01 crore, compared with ₹1,615.03 crore in FY25. Standalone net profit rose to ₹391.25 crore from ₹310.06 crore.

Machine execution increased from 4,072 units to 5,550 units. The order book rose from ₹3,140 crore in FY25 to ₹4,732 crore in FY26, before reaching ₹4,848 crore in the current period covered by the research.

The company’s Rajkot facility has a base capacity of 6,000 machines per year and is stated to operate at 86% utilisation. The new project is expected to add 10,000 machines per year.

These figures form the main financial and operational foundation of the research.

What the Technical Data Show

The technical side presents a separate view of the company’s market price.

The share price was above its major moving averages, with the 20 EMA at ₹1,006.78 and the 200 EMA at ₹957.65.

The research also records RSI above 72, MACD at +13.96, ADX at 51.82 and CCI at +135.27.

The pivot analysis places the main pivot at ₹1,049.40 under both the classic and Fibonacci methods.

The Elliott Wave analysis then places the immediate target at ₹1,180–₹1,220 and the longer-term Wave 5 target at ₹1,350–₹1,400+.

The financial and technical sections therefore address different aspects of the company. The financial figures describe business performance and capacity, while the technical section describes the price structure under the methods used by the researcher.

Researcher and Publication Details

The research was prepared by Manideep Sen and carries a publication date of September 2026.

The research states that its financial figures, order book data, technical indicators and price targets were based on publicly available information from BSE and NSE disclosures, company earnings transcripts, Screener.in, Investing.com and TradingView.

The report combines company financial data with technical analysis. Historical financial figures are different from technical projections. Revenue, profit, machine execution and order book are reported figures, while Elliott Wave targets, pivot levels and support or resistance zones are analytical outputs based on the chosen methodology.

Conclusion

Jyoti CNC Automation’s financial picture in the research is marked by higher FY26 revenue, higher profit, greater machine execution and a larger order book. Consolidated FY26 revenue stood at ₹1,949.01 crore, while standalone net profit reached ₹391.25 crore.

The order book reached ₹4,848 crore, while the company’s planned capacity expansion is expected to add 10,000 machines per year to the existing base capacity of 6,000 machines per year.

The technical study presents a positive trend structure, with the share price above key moving averages and several momentum indicators at positive levels. The Elliott Wave framework places the immediate target at ₹1,180–₹1,220 and the longer-term target at ₹1,350–₹1,400+.

At the same time, these technical targets remain projections. They depend on the assumptions and methodology used by the researcher and can change as market conditions change.

Disclaimer

Educational and informational disclaimer: This article is based on the research report prepared by Manideep Sen and is intended solely for educational and general information purposes. It is not a buy or sell recommendation and should not be treated as investment, financial, trading or portfolio advice.

The financial figures, technical indicators, support and resistance levels, Elliott Wave structure and price targets in this article are based on the supplied research. Technical analysis cannot guarantee future price movements or returns. Past performance does not guarantee future results.

Investors should assess their own financial position, risk tolerance and investment objectives before making any decision. They should also consult a SEBI-registered financial adviser or other appropriately qualified professional before acting on market information.

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20 FAQs About Jyoti CNC Automation

1. What is Jyoti CNC Automation?

Jyoti CNC Automation Ltd is an Indian manufacturer of simultaneous 5-axis metal-cutting CNC machines. The research report states that the company has a 10% domestic market share in CNC machines.

2. Who prepared the Jyoti CNC research report?

The research report was prepared by Manideep Sen and carries a publication date of September 2026.

3. What was Jyoti CNC’s revenue in FY26?

Jyoti CNC reported consolidated revenue from operations of ₹1,949.01 crore in FY26, compared with ₹1,615.03 crore in FY25. This represents year-on-year growth of 20.7%.

4. What was Jyoti CNC’s net profit in FY26?

The report states that standalone net profit rose 26.2%, from ₹310.06 crore in FY25 to ₹391.25 crore in FY26.

5. How many machines did Jyoti CNC execute in FY26?

Machine execution stood at 5,550 units in FY26, compared with 4,072 units in FY25. The report gives the average standalone realisation at ₹35.62 lakh per machine.

6. What was Jyoti CNC’s Q1 FY27 revenue?

According to the research, consolidated revenue in Q1 FY27 stood at ₹508.47 crore, while standalone revenue was reported at ₹107 crore. Consolidated revenue showed 24% year-on-year growth, while standalone revenue rose 37%.

7. What is Jyoti CNC’s current order book?

The report places Jyoti CNC’s order book at ₹4,848 crore in the current period covered by the research. It describes this as roughly 2.5 times annual revenue.

8. How has the order book changed?

The order book increased from ₹3,140 crore in FY25 to ₹4,732 crore in FY26, and then to ₹4,848 crore in the current status shown in the research.

9. Which sectors contribute to Jyoti CNC’s order book?

According to the research, Aerospace & Defence accounts for 38% of the order book, General Engineering for 20%, Automotive for 19%, Electronics Manufacturing Services for 13%, and Dies & Moulds for 4%.

10. What is Jyoti CNC’s current manufacturing capacity?

The report states that the company’s primary Rajkot manufacturing facility has a base capacity of 6,000 machines per year and operates at 86% utilisation.

11. How much additional capacity does Jyoti CNC plan to add?

The company’s capacity expansion project is expected to add 10,000 machines per year. Full commissioning is scheduled by the end of September 2026, according to the research.

12. How much is Jyoti CNC spending on capacity expansion?

The total estimated capital expenditure for the project is about ₹450 crore. The report states that around ₹200–₹225 crore had been spent at the time covered by the research.

13. What is Jyoti CNC’s promoter holding?

The promoter holding is shown at 62.55% in FY25, FY26 and the current period covered by the report.

14. What is the institutional holding in Jyoti CNC?

Institutional holding stood at 17.63% in FY25 and 22.63% in FY26. The current figure is shown as 18.88%–22.63%, with the report noting domestic institutional ownership at 12.59%.

15. What are the key technical indicators for Jyoti CNC?

The research lists an RSI of 72.68–73.58, MACD of +13.96, ADX of 51.82 and CCI of +135.27. The report describes these indicators as showing positive momentum and a strong trend.

16. What are Jyoti CNC’s important moving-average levels?

The report gives the 5 EMA at ₹1,036.63, 20 EMA at ₹1,006.78, 50 EMA at ₹996.77, 100 EMA at ₹986.52, and 200 EMA at ₹957.65.

The research treats ₹1,006.78 as a dynamic support reference and ₹957.65 as a major long-term trend anchor.

17. What are the key support and resistance levels?

The classic pivot is ₹1,049.40. The classic support levels are ₹1,010.70, ₹1,025.85 and ₹1,034.25, while resistance levels are ₹1,057.80, ₹1,072.95 and ₹1,081.35.

Under the Fibonacci pivot method, support levels are ₹1,025.85, ₹1,034.85 and ₹1,040.40, while resistance levels are ₹1,058.40, ₹1,063.95 and ₹1,072.95.

18. What does the Elliott Wave analysis say about Jyoti CNC?

The research applies an Elliott Wave structure to the stock’s price movement since its 2024 listing. It identifies an initial Wave 1 range of ₹845–₹1,009, followed by a Wave 2 base between ₹748.45 and ₹795.05.

The report then places the stock in Sub-wave iii of Wave 3 after a breakout above ₹1,009 and a test of ₹1,058.85.

19. What price targets are given in the Elliott Wave analysis?

The research gives an immediate Wave 3 target of ₹1,180–₹1,220. It places a potential Wave 4 support zone at ₹1,034–₹1,040 and gives a longer-term Wave 5 target of ₹1,350–₹1,400+.

The report identifies ₹795.05 as the structural invalidation level under its Elliott Wave framework.

20. Is this analysis a buy or sell recommendation?

No. This article is intended for educational and informational purposes only. The financial figures and technical levels come from the research prepared by Manideep Sen. The price targets and trade levels are analytical projections, not guaranteed outcomes.

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