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 ₹ 2,069 Cr.
- Current Price ₹ 370
- High / Low ₹ 415 / 201
- Stock P/E 31.9
- Book Value ₹ 101
- Dividend Yield 0.08 %
- ROCE 17.5 %
- ROE 12.1 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 192 to 139 days.
Cons
- Dividend payout has been low at 3.50% of profits over last 3 years
* 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 102 | 121 | 289 | 405 | 477 | 473 | 756 | |
| 90 | 96 | 236 | 335 | 376 | 427 | 668 | |
| Operating Profit | 12 | 25 | 54 | 70 | 101 | 46 | 88 |
| OPM % | 11% | 21% | 19% | 17% | 21% | 10% | 12% |
| 1 | 1 | 1 | 4 | 3 | 18 | 20 | |
| Interest | 0 | 2 | 4 | 5 | 10 | 14 | 16 |
| Depreciation | 1 | 1 | 3 | 6 | 6 | 6 | 7 |
| Profit before tax | 12 | 23 | 48 | 63 | 88 | 44 | 85 |
| Tax % | 26% | 28% | 25% | 26% | 30% | 31% | 23% |
| 9 | 16 | 36 | 47 | 62 | 30 | 65 | |
| EPS in Rs | 145.33 | 274.67 | 37.45 | 48.57 | 12.76 | 5.40 | 11.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 6% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 23% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 12% |
| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 15% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 20 | 36 | 63 | 113 | 185 | 492 | 555 |
| 0 | 12 | 15 | 44 | 66 | 19 | 58 | |
| 17 | 68 | 180 | 171 | 253 | 266 | 347 | |
| Total Liabilities | 38 | 117 | 267 | 337 | 514 | 788 | 972 |
| 1 | 3 | 20 | 21 | 23 | 29 | 29 | |
| CWIP | 0 | 0 | 0 | 0 | 3 | 6 | 7 |
| Investments | 0 | 0 | 11 | 0 | 0 | 0 | 15 |
| 37 | 113 | 236 | 317 | 487 | 754 | 921 | |
| Total Assets | 38 | 117 | 267 | 337 | 514 | 788 | 972 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 7 | 13 | 33 | -8 | -10 | -66 | 20 | |
| -4 | -8 | -25 | -24 | -15 | -14 | -163 | |
| -1 | -0 | 6 | 25 | 14 | 218 | 23 | |
| Net Cash Flow | 3 | 5 | 14 | -7 | -10 | 139 | -120 |
| Free Cash Flow | 7 | 10 | 13 | -15 | -21 | -74 | 12 |
| CFO/OP | 79% | 72% | 83% | 11% | 2% | -75% | 50% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 162 | 139 | 103 | 175 | 261 | 139 |
| Inventory Days | 5 | 74 | 245 | 216 | 136 | 62 | 6 |
| Days Payable | 82 | 349 | 179 | 107 | 245 | 162 | 106 |
| Cash Conversion Cycle | -2 | -113 | 205 | 212 | 66 | 160 | 38 |
| Working Capital Days | 37 | 48 | 23 | 65 | 98 | 211 | 157 |
| ROCE % | 70% | 76% | 54% | 46% | 15% | 18% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 May - Transcript of Q4 and FY26 Earnings call held on Thursday, May 21, 2026 at 12:00 PM
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - The newspaper advertisement for the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026 published on May 22, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - JNK India uploaded audio recording of its Q4 and FY26 earnings call on May 21, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
20 May - Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we enclosed herewith copy of earnings presentation Q4FY26.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
20 May - JNK India reported FY26 revenue of Rs. 838 crore, PAT Rs. 64.8 crore, and recommended 15% final dividend.
Concalls
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May 2026Transcript PPT
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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.