Jinkushal Industries Ltd
Founded in November 2007, Jinkushal Industries Limited is an export trading company supplying construction machinery globally.[1]
- Market Cap ₹ 427 Cr.
- Current Price ₹ 111
- High / Low ₹ 128 / 106
- Stock P/E 31.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 27.5 %
- ROE 37.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.6%
Cons
- Debtor days have increased from 65.3 to 103 days.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 76 | 177 | 233 | 239 | 212 | |
| 73 | 167 | 219 | 215 | 191 | |
| Operating Profit | 3 | 10 | 14 | 24 | 21 |
| OPM % | 4% | 6% | 6% | 10% | 10% |
| 1 | 2 | 0 | 4 | 4 | |
| Interest | 1 | 1 | 1 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 3 | 11 | 13 | 25 | 21 |
| Tax % | 25% | 24% | 24% | 24% | 23% |
| 2 | 9 | 10 | 19 | 16 | |
| EPS in Rs | 158.27 | 616.55 | 728.06 | 1,360.43 | 1,156.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.14 | 0.14 | 0.14 | 38 |
| Reserves | 6 | 14 | 24 | 43 | 122 |
| 8 | 12 | 16 | 46 | 70 | |
| 9 | 12 | 9 | 19 | 49 | |
| Total Liabilities | 22 | 38 | 49 | 108 | 280 |
| 6 | 5 | 9 | 10 | 9 | |
| CWIP | 0 | 1 | 1 | 0 | 0 |
| Investments | 1 | 7 | 9 | 18 | 30 |
| 16 | 25 | 31 | 80 | 240 | |
| Total Assets | 22 | 38 | 49 | 108 | 280 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | 3 | 10 | -25 | ||
| -1 | -5 | -5 | -8 | ||
| -1 | 3 | 4 | 28 | ||
| Net Cash Flow | 0 | 1 | 10 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 7 | 1 | 1 | 92 | |
| Inventory Days | 30 | 28 | 26 | 13 | |
| Days Payable | 24 | 16 | 6 | 28 | |
| Cash Conversion Cycle | 13 | 13 | 21 | 76 | |
| Working Capital Days | 16 | 6 | -8 | 14 | |
| ROCE % | 54% | 42% | 41% |
Documents
Announcements
-
Repeat Export Order Of 100 Units Of Hexl 420X Backhoe Loaders From North American Buyer - Disclosure Under Regulation 30 Of SEBI LODR
2d - Repeat order: 100 HexL 420X loaders (~USD 5 million / ≈INR 42 crore), progressive supply over three years.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Nov - Transcript of Investor meet for the quarter ended 30.09.2025
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Oct - Outcome of H1 FY 26 Earnings Call
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Oct - H1 FY26 earnings call held 29-Oct-2025; audio recording available on company website.
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Clarification Regarding Inadvertent Submission Of Consolidated Audit Report For Quarter And Half Year Ended 30Th September 2025.
25 Oct - Corrected Auditor's Report uploaded for quarter and half year ended 30/09/2025; results approved 24/10/2025
Concalls
-
Nov 2025Transcript PPT REC
Business Overview
The company is the largest non-OEM construction machine exporter from India, with a 6.9% market share. The company exports new, customized, used, and refurbished construction equipment worldwide, offering clients tailored solutions to bypass long lead times typical for new equipment delivery.