Josts Engineering Company Ltd. – Company Report
1. Company Overview
Josts Engineering Company Ltd., established in 1907 and headquartered in Mumbai, Maharashtra, is one of India’s oldest engineering firms, with a legacy of delivering industrial innovation for over a century. The company operates through three core divisions: Material Handling Equipment (MHE), Engineered Products Division (EPD), and MHE Rental Services, catering to a broad industrial customer base.
Josts is ISO 9001:2015 certified and has built a pan-India service and dealer network, ensuring responsive, localized support. With a mix of indigenous manufacturing, global partnerships, and deep engineering experience, Josts offers end-to-end solutions across warehousing, automation, electrical testing, and process control.
Key Highlights:
- Established: 1907
- Headquarters: Mumbai, Maharashtra, India
- Divisions: Material Handling, Engineered Products, Equipment Rentals
- Certifications: ISO 9001:2015
- Leadership: Professional management with industrial legacy
- Presence: Pan-India customer and dealer support
2. Products and Services
Josts Engineering provides a diverse range of equipment and technical services across multiple industrial segments.
Material Handling Equipment (MHE):
- Electric & Diesel Forklifts
- Electric Stackers, Pallet Trucks & Tow Tractors
- Order Pickers, Reach Trucks & Scissor Lifts
- Platform Trucks & Vertical Lift Modules
- Customized MHE for warehouses, logistics, and shopfloor automation
Engineered Products Division (EPD):
- Sound & Vibration Measuring Instruments
- Capacitance and Tan Delta Test Kits
- Combustion and Paint Application Systems
- Pneumatic and Analytical Testing Instruments
- Installation, Calibration & Onsite Technical Services
Other Offerings:
- MHE Rentals: Short- and long-term rentals (with/without operator)
- Service & Support: After-sales service, AMC contracts, spare parts
- Turnkey Solutions: Integrated automated material flow systems
Josts’ offerings are widely used across industries like power, logistics, oil & gas, automotive, manufacturing, and public utilities.
3. Recent News and Financial Performance
Major Order Wins:
₹29.5 crore order from Haryana Vidyut Prasaran Nigam Ltd (Jan 2025): For the supply of two Emergency Restoration Systems (ERS), scheduled for delivery within 8 months.
₹6.19 crore order from Andhra Pradesh Transmission Corp. (May 2025): For 21 units of 12KV Automatic Capacitance & Tan Delta Test Kits, reinforcing its presence in power testing equipment.
Order from Hindustan Aeronautics Limited (Sept 2025): The company announced that it has received a purchase order from Hindustan Aeronautics Limited, a key player in India’s aerospace and defence sector. The contract, valued at Rs. 2.54 crore, entails the supply of 46 platform trucks (three-wheelers), which will be delivered in a staggered manner up to December 2029.
Strategic Initiatives:
New Manufacturing Facility – JECL (May 2024): Josts’ wholly owned subsidiary JECL Engineering Ltd has started trial production at its new Murbad (Maharashtra) Greenfield facility, with a planned annual capacity of 2,100 MHE units.
Exclusive Partnership with Zowell (China): Signed an agreement with Suzhou Pioneer Material Handling (Zowell) to market Zowell’s advanced material handling equipment in India. Key terms include:
- All Indian Zowell leads routed via Josts
- Josts to earn commissions on direct sales
- Most products to carry “Zowell + Josts” or “Zowell + JECL” branding
Joint Venture – Suryavayu Renewable and Energy Solutions (Dec 2024): Formed a 50:50 JV with Kay Cee Energy & Infra Ltd to execute EPC projects in the power and renewable energy sectors, marking Josts' entry into green infrastructure solutions.
4. Financial Performance (FY2025)
| Metric | FY2025 | FY2024 |
|---|---|---|
| Net Sales | ₹239 crore | ₹187 crore |
| Net Profit | ₹18 crore | ₹10 crore |
| EPS | ₹14.86 | ₹8.53 |
| Operating Profit Margin | ~12% | 9% |
| Return on Equity (ROE) | 26% | – |
| Dividend | ₹1.50 per share | – |