JNK India Ltd
JIncorporated in 2010, JNK India Ltd is in the business of Technology based EPC Contracts and Solutions in Renewable Energy[1]
- Market Cap ₹ 1,329 Cr.
- Current Price ₹ 238
- High / Low ₹ 420 / 201
- Stock P/E 28.6
- Book Value ₹ 92.6
- Dividend Yield 0.13 %
- ROCE 14.9 %
- ROE 8.63 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.9%
Cons
- Earnings include an other income of Rs.22.8 Cr.
- Company has high debtors of 261 days.
- Working capital days have increased from 125 days to 211 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 102 | 121 | 289 | 405 | 477 | 473 | 645 | |
| 90 | 96 | 236 | 335 | 376 | 427 | 581 | |
| Operating Profit | 12 | 25 | 54 | 70 | 101 | 46 | 64 |
| OPM % | 11% | 21% | 19% | 17% | 21% | 10% | 10% |
| 1 | 1 | 1 | 4 | 3 | 18 | 23 | |
| Interest | 0 | 2 | 4 | 5 | 10 | 14 | 14 |
| Depreciation | 1 | 1 | 3 | 6 | 6 | 6 | 7 |
| Profit before tax | 12 | 23 | 48 | 63 | 88 | 44 | 66 |
| Tax % | 26% | 28% | 25% | 26% | 30% | 31% | |
| 9 | 16 | 36 | 47 | 62 | 30 | 46 | |
| EPS in Rs | 145.33 | 274.67 | 37.45 | 48.57 | 12.76 | 5.40 | 8.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 18% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | -6% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 23% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 20 | 36 | 63 | 113 | 185 | 492 | 507 |
| 0 | 12 | 15 | 44 | 66 | 19 | 24 | |
| 17 | 68 | 180 | 171 | 253 | 266 | 229 | |
| Total Liabilities | 38 | 117 | 267 | 337 | 514 | 788 | 772 |
| 1 | 3 | 20 | 21 | 23 | 29 | 28 | |
| CWIP | 0 | 0 | 0 | 0 | 3 | 6 | 8 |
| Investments | 0 | 0 | 11 | 0 | 0 | 0 | 1 |
| 37 | 113 | 236 | 317 | 487 | 754 | 735 | |
| Total Assets | 38 | 117 | 267 | 337 | 514 | 788 | 772 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 7 | 13 | 33 | -8 | -10 | -66 | |
| -4 | -8 | -25 | -24 | -15 | -14 | |
| -1 | -0 | 6 | 25 | 14 | 218 | |
| Net Cash Flow | 3 | 5 | 14 | -7 | -10 | 139 |
| Free Cash Flow | 7 | 10 | 13 | -15 | -21 | -74 |
| CFO/OP | 79% | 72% | 83% | 11% | 2% | -75% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 76 | 162 | 139 | 103 | 175 | 261 |
| Inventory Days | 5 | 74 | 245 | 216 | 136 | 62 |
| Days Payable | 82 | 349 | 179 | 107 | 245 | 162 |
| Cash Conversion Cycle | -2 | -113 | 205 | 212 | 66 | 160 |
| Working Capital Days | 37 | 48 | 23 | 65 | 98 | 211 |
| ROCE % | 70% | 76% | 54% | 46% | 15% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Mundra SEZ Installed Fabrication Capacity MTPA |
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| Order Book ₹ Mn |
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| Order Book to Sales Ratio x |
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| Order Inflow / New Bookings ₹ Mn |
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| Total Permanent Employee Count Number |
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| Mundra SEZ Capacity Utilization % |
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| Cash Conversion Cycle Days |
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| Indian Heating Equipment Market Share % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
27 Mar - Major order from JNK Global for Cracker Furnace support; delivery by February 2, 2028.
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Mar - Non-deal roadshow with analysts/institutional investors on March 17, 2026 at Thane corporate office.
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Announcement under Regulation 30 (LODR)-Change in Management
12 Mar - Interim CFO Anand Agarwal appointed effective March 12, 2026; authorised KMPs for disclosures.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 12.03.2026
12 Mar - Appointed Anand Agarwal as Interim CFO effective March 12, 2026; authorised KMPs for disclosures.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
Business Overview:[1][2]
JNKIL is in the business of Heating Equipment. It has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. Company is diversifying into Waste Gas Handling (Flares and Incinerators) and Renewable Energy Systems (Hydrogen Production / Distribution Systems and Solar PV EPC. It also provides designing and on-site installation and aftersale/ maintenance services.