John Cockerill India Ltd
John Cockerill India Limited, incorporated in 1986 as Flat Products Equipment India Ltd., became part of the Belgium-based John Cockerill Group in 2008 and is engaged in designing, manufacturing, and installing equipment such as cold-rolling mills, galvanising lines, pickling lines, and processing systems for ferrous and non-ferrous industries globally.[1]
- Market Cap ₹ 4,943 Cr.
- Current Price ₹ 10,011
- High / Low ₹ 10,872 / 3,150
- Stock P/E 179
- Book Value ₹ 426
- Dividend Yield 0.07 %
- ROCE 11.1 %
- ROE 8.86 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 23.5 times its book value
- The company has delivered a poor sales growth of -0.76% over past five years.
- Company has a low return on equity of 5.60% over last 3 years.
- Company has high debtors of 226 days.
- Promoter holding has decreased over last 3 years: -4.56%
* 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 Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 9m | Mar 2024 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 205 | 153 | 305 | 496 | 372 | 198 | 383 | 484 | 667 | 389 | 389 | 358 | 481 | |
| 201 | 153 | 300 | 465 | 348 | 225 | 369 | 475 | 640 | 393 | 392 | 335 | 446 | |
| Operating Profit | 4 | -0 | 5 | 32 | 23 | -27 | 14 | 9 | 27 | -4 | -4 | 23 | 35 |
| OPM % | 2% | -0% | 2% | 6% | 6% | -13% | 4% | 2% | 4% | -1% | -1% | 6% | 7% |
| 23 | 14 | 15 | 21 | 14 | 2 | 2 | 14 | 6 | 5 | 5 | -2 | 1 | |
| Interest | 2 | 1 | 1 | 0 | 3 | 0 | 7 | 2 | 2 | 2 | 2 | 3 | 8 |
| Depreciation | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 6 | 6 | 6 | 6 |
| Profit before tax | 20 | 8 | 13 | 47 | 29 | -30 | 4 | 16 | 26 | -7 | -7 | 11 | 22 |
| Tax % | 33% | 26% | 49% | 25% | 18% | -4% | -5% | 20% | 17% | -25% | -25% | 9% | |
| 13 | 6 | 7 | 35 | 24 | -29 | 5 | 13 | 22 | -5 | -5 | 10 | 18 | |
| EPS in Rs | 26.57 | 11.73 | 13.61 | 71.08 | 48.10 | -58.85 | 9.40 | 26.10 | 43.83 | -10.90 | -10.90 | 20.88 | 36.59 |
| Dividend Payout % | 0% | 0% | 29% | 14% | 10% | 0% | 21% | 19% | 16% | 0% | -64% | 34% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -1% |
| 3 Years: | -2% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | -6% |
| 3 Years: | 27% |
| TTM: | 382% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 62% |
| 3 Years: | 64% |
| 1 Year: | 182% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Reserves | 146 | 147 | 153 | 186 | 202 | 170 | 175 | 187 | 206 | 196 | 205 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 5 | ||
| 133 | 128 | 257 | 397 | 243 | 283 | 160 | 658 | 615 | 372 | 470 | ||
| Total Liabilities | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 578 | 685 | |
| 68 | 63 | 60 | 60 | 58 | 54 | 51 | 50 | 53 | 57 | 57 | ||
| CWIP | 1 | 0 | 2 | 1 | 1 | 0 | 1 | 2 | 1 | 5 | 1 | |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 214 | 217 | 353 | 528 | 392 | 404 | 289 | 799 | 774 | 516 | 627 | ||
| Total Assets | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | 578 | 685 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -10 | 60 | 90 | -38 | -58 | -21 | 26 | 71 | 17 | -66 | 159 | ||
| 19 | 1 | -29 | 26 | -0 | 2 | -19 | -7 | 10 | 2 | -81 | ||
| -27 | -0 | -0 | -2 | -6 | -3 | -0 | -1 | -3 | -5 | -2 | ||
| Net Cash Flow | -18 | 61 | 60 | -14 | -64 | -22 | 7 | 62 | 24 | -69 | 75 | |
| Free Cash Flow | 4 | 61 | 85 | -43 | -60 | -22 | 24 | 66 | 14 | -77 | 156 | |
| CFO/OP | -102% | -96,300% | 1,737% | -89% | -247% | 76% | 197% | 803% | 78% | 1,783% | 710% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 217 | 98 | 108 | 79 | 76 | 235 | 115 | 101 | 115 | 184 | 226 | |
| Inventory Days | 74 | 99 | 26 | 13 | 25 | 40 | 13 | 26 | 14 | 31 | 36 | |
| Days Payable | 212 | 192 | 99 | 91 | 160 | 319 | 99 | 305 | 234 | 216 | 328 | |
| Cash Conversion Cycle | 79 | 5 | 35 | 1 | -59 | -44 | 29 | -179 | -106 | -1 | -66 | |
| Working Capital Days | 132 | 10 | -39 | -0 | 50 | 143 | 40 | -1 | -31 | 22 | -85 | |
| ROCE % | 5% | 5% | 10% | 27% | 16% | -15% | 9% | 10% | 14% | -2% | 11% |
Insights
In beta| Mar 2021 | Mar 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|
| Number of Employees (India) Count |
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| Order Intake INR Million |
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| Assembly Capacity (Taloja) Products / Year |
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| Fabrication Capacity (Hedavali) MT / Year |
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| Machining Capacity (Taloja) Components / Year |
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| Order Book INR Million |
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| Safe Working Days (Hedavali) Days |
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| Safe Working Days (Taloja) Days |
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| Training Man-hours Hours |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 (LODR) - Corrigendum To The Notice Of The 40Th Annual General Meeting Of The Company To Be Held On June 25, 2026 And Annual Report For The Financial Year Ended December 31, 2025
5 Jun - Corrigendum issued for 40th AGM notice and FY2025 annual report; only typographical corrections made.
- Shareholder Meeting - AGM On June 25, 2026 5 Jun
- Reg. 34 (1) Annual Report. 5 Jun
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jun - JSW Vijayanagar Metallics awarded JCIL/JCMI CRNO project contract worth INR 1,250–1,300 crore, executable in 36 months.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Jun - JSW Vijayanagar Metallics awards JCIL/JCMI ₹1,250–1,300 crore CRNO project order, executable within 36 months.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2024
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Financial Year 2023
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Financial Year 2023
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Financial Year 2022
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
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Financial Year 2020
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Financial Year 2020
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Financial Year 2019
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Financial Year 2019
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Financial Year 2018
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Financial Year 2018
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Concalls
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May 2026Transcript PPT REC
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Mar 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
Group Company[1]
John Cockerill India Limited is a subsidiary of the Belgium-based John Cockerill Group, which holds 70.33% as of Dec'25, and has over 3 decades of experience in manufacturing and commissioning equipment for steel, industrial processing, energy, defence, and engineering sectors.