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 ₹ 1,314 Cr.
- Current Price ₹ 235
- High / Low ₹ 420 / 201
- Stock P/E 28.7
- Book Value ₹ 92.7
- 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 23.0%
Cons
- Earnings include an other income of Rs.22.3 Cr.
- Company has high debtors of 260 days.
- Working capital days have increased from 124 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 138 | 296 | 407 | 480 | 477 | 671 | |
| 112 | 243 | 338 | 381 | 430 | 607 | |
| Operating Profit | 25 | 54 | 69 | 99 | 47 | 64 |
| OPM % | 18% | 18% | 17% | 21% | 10% | 10% |
| 1 | 1 | 4 | 5 | 18 | 22 | |
| Interest | 1 | 4 | 4 | 10 | 14 | 14 |
| Depreciation | 2 | 3 | 7 | 6 | 6 | 7 |
| Profit before tax | 23 | 48 | 63 | 89 | 44 | 65 |
| Tax % | 28% | 25% | 26% | 30% | 31% | |
| 16 | 36 | 46 | 63 | 30 | 45 | |
| EPS in Rs | 274.67 | 37.48 | 48.29 | 12.95 | 5.41 | 8.18 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 23% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 36 | 63 | 113 | 186 | 493 | 508 |
| 12 | 15 | 44 | 66 | 19 | 24 | |
| 77 | 181 | 172 | 267 | 266 | 229 | |
| Total Liabilities | 125 | 268 | 338 | 528 | 789 | 772 |
| 3 | 20 | 21 | 23 | 29 | 28 | |
| CWIP | 0 | 0 | 0 | 3 | 6 | 8 |
| Investments | 0 | 11 | 0 | 0 | 0 | 0 |
| 122 | 237 | 317 | 501 | 755 | 736 | |
| Total Assets | 125 | 268 | 338 | 528 | 789 | 772 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 20 | 34 | 20 | -10 | -65 | |
| -17 | -25 | -25 | -14 | -14 | |
| -0 | 6 | -2 | 15 | 218 | |
| Net Cash Flow | 3 | 15 | -7 | -10 | 139 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 143 | 135 | 103 | 162 | 260 |
| Inventory Days | 74 | 245 | 213 | 133 | 61 |
| Days Payable | 358 | 178 | 103 | 183 | 159 |
| Cash Conversion Cycle | -140 | 203 | 212 | 113 | 162 |
| Working Capital Days | 29 | 22 | 64 | 98 | 211 |
| ROCE % | 76% | 53% | 46% | 15% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Mundra SEZ Installed Fabrication Capacity MTPA |
|
||||
| Order Book ₹ Mn |
|||||
| Order Book to Sales Ratio x |
|||||
| Order Inflow / New Bookings ₹ Mn |
|||||
| Total Permanent Employee Count Number |
|||||
| Mundra SEZ Capacity Utilization % |
|||||
| Cash Conversion Cycle Days |
|||||
| Indian Heating Equipment Market Share % |
|||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Feb - Transcript of Q3 and 9MFY26 earnings call held on Tuesday, February 10, 2026 at 1:30 PM
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - CRISIL report for quarter ended Dec 31, 2025: IPO net proceeds Rs2,821.84m; Rs25.20m unutilized.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Feb - Read with regulation 46(2)(q) of the SEBI (LODR) Regulations, 2015 please find enclosed herewith the newspaper advertisement for the unaudited financial results of the Company …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Feb - Audio recording of Q3 and 9MFY26 earnings call (10 Feb 2026) uploaded on company website.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 10 Feb
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT REC
-
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