John Cockerill India Ltd
John Cockerill India Ltd, incorporated in 1986, has been engaged in the designing, manufacturing, and commissioning of cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces and auxiliary equipment for ferrous and non-ferrous industries worldwide. The Co. is part of the John Cockerill Group (previously known as the CMI group) headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra and has a global footprint across Asia, Africa, Middle East, Europe, North America and South America. The Co. was previously known as CMI FPE Limited and the name was changed to John Cockerill India Limited on June 16, 2020 [1] [2]
- Market Cap ₹ 2,098 Cr.
- Current Price ₹ 4,248
- High / Low ₹ 6,300 / 2,383
- Stock P/E
- Book Value ₹ 410
- Dividend Yield 0.16 %
- ROCE -2.21 %
- ROE -2.52 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 10.4 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.27% over last 3 years.
- Company has high debtors of 184 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 219 | 205 | 153 | 305 | 496 | 372 | 198 | 383 | 484 | 667 | 389 | 389 | 307 | |
| 228 | 201 | 153 | 300 | 465 | 348 | 225 | 369 | 475 | 640 | 393 | 392 | 315 | |
| Operating Profit | -8 | 4 | -0 | 5 | 32 | 23 | -27 | 14 | 9 | 27 | -4 | -4 | -8 |
| OPM % | -4% | 2% | -0% | 2% | 6% | 6% | -13% | 4% | 2% | 4% | -1% | -1% | -2% |
| 27 | 23 | 14 | 15 | 21 | 14 | 2 | 2 | 14 | 6 | 5 | 5 | 6 | |
| Interest | 4 | 2 | 1 | 1 | 0 | 3 | 0 | 7 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 6 | 6 | 6 |
| Profit before tax | 8 | 20 | 8 | 13 | 47 | 29 | -30 | 4 | 16 | 26 | -7 | -7 | -11 |
| Tax % | -19% | 33% | 26% | 49% | 25% | 18% | -4% | -5% | 20% | 17% | -25% | -25% | |
| 9 | 13 | 6 | 7 | 35 | 24 | -29 | 5 | 13 | 22 | -5 | -5 | -8 | |
| EPS in Rs | 19.18 | 26.57 | 11.73 | 13.61 | 71.08 | 48.10 | -58.85 | 9.40 | 26.10 | 43.83 | -10.90 | -10.90 | -16.21 |
| Dividend Payout % | 0% | 0% | 0% | 29% | 14% | 10% | 0% | 21% | 19% | 16% | 0% | -64% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -5% |
| 3 Years: | 25% |
| TTM: | -55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | -138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 50% |
| 3 Years: | 57% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | 4% |
| Last Year: | -3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 134 | 146 | 147 | 153 | 186 | 202 | 170 | 175 | 187 | 206 | 196 | 198 |
| 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 5 | |
| 190 | 133 | 128 | 257 | 397 | 243 | 283 | 160 | 658 | 615 | 372 | 363 | |
| Total Liabilities | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 578 | 570 |
| 71 | 68 | 63 | 60 | 60 | 58 | 54 | 51 | 50 | 53 | 57 | 56 | |
| CWIP | 1 | 1 | 0 | 2 | 1 | 1 | 0 | 1 | 2 | 1 | 5 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 282 | 214 | 217 | 353 | 528 | 392 | 404 | 289 | 799 | 774 | 516 | 508 | |
| Total Assets | 353 | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 578 | 570 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | -10 | 60 | 90 | -38 | -58 | -21 | 26 | 71 | 17 | -66 | ||
| -3 | 19 | 1 | -29 | 26 | -0 | 2 | -19 | -7 | 10 | 2 | ||
| -11 | -27 | -0 | -0 | -2 | -6 | -3 | -0 | -1 | -3 | -5 | ||
| Net Cash Flow | 17 | -18 | 61 | 60 | -14 | -64 | -22 | 7 | 62 | 24 | -69 |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 219 | 217 | 98 | 108 | 79 | 76 | 235 | 115 | 101 | 115 | 184 | |
| Inventory Days | 54 | 74 | 99 | 26 | 13 | 25 | 40 | 13 | 26 | 14 | 31 | |
| Days Payable | 153 | 212 | 192 | 99 | 91 | 160 | 319 | 99 | 305 | 228 | 216 | |
| Cash Conversion Cycle | 120 | 79 | 5 | 35 | 1 | -59 | -44 | 29 | -179 | -100 | -1 | |
| Working Capital Days | 64 | 132 | 10 | -39 | -0 | 50 | 143 | 40 | -1 | -31 | 22 | |
| ROCE % | 3% | 5% | 5% | 10% | 27% | 16% | -15% | 9% | 10% | 14% | -2% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - In furtherance to our letter dated August 8, 2025, informing the Stock Exchange about the dispatch of the Postal Ballot Notice for seeking approval from …
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
2d - Postal ballot for appointment of Mr. Frederic Martin as MD with ₹6 Cr annual remuneration and office shift.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Aug - In continuation to our letter dated July 30, 2025, regarding the audio recording of the earnings conference call held on July 30, 2025 at 5:00 …
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Aug - Frederic Martin appointed MD of John Cockerill India Ltd effective August 1, 2025, succeeding Michael Kotas.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Pursuant to Regulation 30, 33 and 47 of the SEBI (LODR) Regulations, 2015 and in continuation to our letter dated July 29, 2025 with regard …
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT
-
Feb 2025TranscriptNotesPPT
Products and Services
The company offers products and services like the installation of cold-rolling mills, galvanizing lines, color-coating lines, tension-leveling lines, skin-pass mills, acid regeneration plants, wet-flux lines, and pickling lines for ferrous and non-ferrous industries worldwide. [1]