Josts Engineering: 118 Years Old, ₹238 Cr Sales & Still Lifting More Than Gym Bros
1. At a Glance
Founded in 1907 (yes, before Bollywood existed), Josts Engineering is in the material handling and engineered products game. From forklifts to crash-testing sensors, they do it all. Current market cap? ₹379 Cr. Current stock price? ₹360 (down -26% in 1 year). Current vibe? “Old uncle but still flexing muscles at the akhada.”
2. Introduction
Josts is like that relative who’s been around forever but keeps reinventing themselves—sometimes as forklift king, sometimes as crash-test dummy supplier, sometimes as scientific lab vendor. With clients ranging from DRDO to Maruti to Tata Power, they’ve got credibility.
But here’s the twist: despite a solid order book (~₹219 Cr in Q1 FY26), their Q1 profits just collapsed 84%. Imagine working all year and still ending up with pocket money.
Still, you can’t ignore the long-term growth story—15–24% sales CAGR, 38%+ profit CAGR over 5 years, ROE >25%. Basically, boring-looking company, sexy numbers (except the latest quarter which looks like a hangover).
3. Business Model (WTF Do They Even Do?)
Josts splits its life between three divisions:
Material Handling Division (58%) – Forklifts, stackers, articulated lifters. If it lifts, they make it.
