Jinkushal Industries Ltd
Founded in November 2007, Jinkushal Industries Limited is an export trading company supplying construction machinery globally.[1]
- Market Cap ₹ 194 Cr.
- Current Price ₹ 50.6
- High / Low ₹ 128 / 50.0
- Stock P/E 13.4
- Book Value ₹ 41.8
- Dividend Yield 0.00 %
- ROCE 24.2 %
- ROE 31.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 153 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 | TTM | |
|---|---|---|---|---|---|---|
| 76 | 177 | 233 | 239 | 212 | 251 | |
| 73 | 167 | 219 | 215 | 191 | 230 | |
| Operating Profit | 3 | 10 | 14 | 24 | 21 | 20 |
| OPM % | 4% | 6% | 6% | 10% | 10% | 8% |
| 1 | 2 | 0 | 4 | 4 | 4 | |
| Interest | 1 | 1 | 1 | 2 | 4 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 11 | 13 | 25 | 21 | 19 |
| Tax % | 25% | 24% | 24% | 24% | 23% | |
| 2 | 9 | 10 | 19 | 16 | 14 | |
| EPS in Rs | 158.27 | 616.55 | 728.06 | 1,360.43 | 1,156.83 | 219.10 |
| 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: | 28% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 43% |
| Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 38 |
| Reserves | 6 | 14 | 24 | 43 | 59 | 122 |
| 8 | 12 | 16 | 46 | 55 | 70 | |
| 9 | 12 | 9 | 19 | 30 | 49 | |
| Total Liabilities | 22 | 38 | 49 | 108 | 144 | 280 |
| 6 | 5 | 9 | 10 | 9 | 9 | |
| CWIP | 0 | 1 | 1 | 0 | 0 | 0 |
| Investments | 1 | 7 | 9 | 18 | 27 | 30 |
| 16 | 25 | 31 | 80 | 108 | 240 | |
| Total Assets | 22 | 38 | 49 | 108 | 144 | 280 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | 3 | 10 | -25 | -6 | |
| -1 | -5 | -5 | -8 | -5 | |
| -1 | 3 | 4 | 27 | 5 | |
| Net Cash Flow | 0 | 1 | 10 | -5 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 7 | 1 | 1 | 92 | 153 |
| Inventory Days | 30 | 28 | 26 | 13 | 25 |
| Days Payable | 24 | 16 | 6 | 28 | 56 |
| Cash Conversion Cycle | 13 | 13 | 21 | 76 | 122 |
| Working Capital Days | 16 | 6 | -8 | 14 | 39 |
| ROCE % | 54% | 42% | 41% | 24% |
Insights
In beta| Mar 2017 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Countries Exported To Number |
|
|||
| B2B Suppliers Network Number |
||||
| HexL (Own Brand) Machines Sold Units |
||||
| New (Customized) Machines Sold Units |
||||
| Repeat Customer Revenue Contribution % |
||||
| Total Employees Number |
||||
| Total Machines Sold Units |
||||
| Used and Refurbished Machines Sold Units |
||||
| Market Share (Non-OEM Exports from India) % |
||||
| Skilled In-house Technicians Number |
||||
Documents
Announcements
-
Outcome Of Investor Meeting Held On 10Th March 2026
10 Mar - Management attended virtual Arihant-hosted Bharat Connect analyst/institutional investor meeting on 10 Mar 2026, 5:00–5:30 PM.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Bharat Connect Conference by Arihant on 10 March 2026, virtual analyst/institutional investor meeting at 5:00 PM.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Feb - Submission of Transcript of earning Conference call held on saturday 13th February 2026 at 5.30 PM
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Feb - Q3 FY26 earnings call held 13-Feb-2026; audio recording available on company's website.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - CARE report (31 Dec 2025): Rs104.54cr IPO proceeds largely utilised; no material deviations; ₹0.73cr unutilized.
Concalls
-
Feb 2026TranscriptPPT
-
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.