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Jinkushal Industries Ltd (JKIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544547 NSE: JKIPL Trading | Small Cap | Jinkushal Industries Share Price

₹94.40 2.29 (2.49%)

As on 04-Jun'26 16:59

Jinkushal Industries Ltd (JKIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544547 NSE: JKIPL Trading | Small Cap | Jinkushal Industries Share Price

₹94.40 2.29 (2.49%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹362 Cr.
Current Price
₹94.4
52-Week Low / High
₹45 / 128
TTM EPS
₹3.2
TTM Sales
₹313 Cr.
Book Value per Share
₹43.2
P/E Ratio
29.14
Higher than its 5-year historical median
Industry PE
36
Price to Book (P/B)
2.19
Higher than its 5-year historical median
Price to Sales (P/S)
1.16
Lower than its 5-year historical median
EV/EBITDA
19.66
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
31.38%
Outperforms industry median
Return on Capital Employed (ROCE)
24.30%
Outperforms industry median
Return on Assets (ROA)
12.23%
Operating Profit Margin
10.2%
Net Profit Margin
7.59%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.78%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.97%
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹127 Cr.
Equity
₹38.4 Cr.
Face Value
₹10
All Time Low / High
₹45.45 / 128.00

Jinkushal Industries stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Jinkushal Industries Ltd a good quality company?
Jinkushal Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Jinkushal Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jinkushal Industries Ltd vs industry peers?
Jinkushal Industries Ltd revenue CAGR is 6.18%, compared to the industry median CAGR of 4.99%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jinkushal Industries Ltd?
Promoters hold 74.99% of the Jinkushal Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jinkushal Industries Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jinkushal Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ45.6%42.2%41.7%24.3%-
Value Creation
Index ⓘ		2.32.02.00.7-

Growth Parameters ⓘ
Sales ⓘ177233239212313
Sales YoY Gr.-31.9%2.2%-11.2%-
Adj EPS ⓘ2.64.865.53.2
YoY Gr.-82%25.9%-8.5%-
BVPS (₹) ⓘ4.98.214.619.943.2
Adj Net
Profit ⓘ		7.814.117.816.312
Cash Flow from Ops. ⓘ2.810.4-25.2-5.8-
Debt/CF from Ops. ⓘ4.11.5-1.8-9.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA6.2%-11.2%
Adj EPS ⓘNANA28%-8.5%
BVPSⓘNANA59.9%36.4%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		53.872.552.531.710.3
Op. Profit
Mgn % ⓘ		5.88.69.910.25.8
Net Profit
Mgn % ⓘ		4.46.17.57.74
Debt to
Equity ⓘ		0.80.71.10.90
Working Cap
Days ⓘ		03978165165
Cash Conv.
Cycle ⓘ		0114610691

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales177233239212
Operating Expenses ⓘ + 167219215191
Manufacturing Costs26292822
Material Costs133174175157
Employee Cost 2565
Other Costs ⓘ 51276
Operating Profit ⓘ 10142421
Operating Profit Margin (%) 5.8%6.1%9.9%10.1%
Other Income ⓘ + 2044
Exceptional Items ⓘ 0000
Interest ⓘ 1124
Depreciation ⓘ 0111
Profit Before Tax ⓘ 11132521
Tax ⓘ 3365
Profit After Tax 9101916
PAT Margin (%) 4.9%4.3%7.9%7.6%
Adjusted EPS (₹)2.93.46.45.4
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Jinkushal Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 14254359
Share Capital ⓘ 0000
Reserves ⓘ 14244359
Debt +10164554
Long Term Debt2000
Short Term Debt9154554
Minority Interest0000
Trade Payables631424
Others Liabilities ⓘ 10101211
Total Liabilities ⓘ 4053114149

Fixed Assets

Net Fixed Assets ⓘ +59109
Gross Block5101212
Accumulated Depreciation0122
CWIP ⓘ 1100
Investments ⓘ 791827
Inventories1012611
Trade Receivables116089
Cash Equivalents 21160
Others Assets ⓘ 16101312
Total Assets ⓘ 4053114149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 310-25-6
PBT ⓘ 11132521
Adjustment ⓘ -12-01
Changes in Working Capital ⓘ -5-1-44-23
Tax Paid ⓘ -3-3-6-5
Cash Flow From Investing Activity ⓘ + -5-5-8-5
Capex 2-5-10
Net Investments -6-2-7-5
Others ⓘ -0200
Cash Flow From Financing Activity ⓘ + 34285
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ 0000
Interest Paid ⓘ -0-1-2-4
Dividend Paid ⓘ 0000
Others ⓘ 45308
Net Cash Flow ⓘ 110-5-6

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)59.3451.9555.7431.38
ROCE (%)45.6242.2341.7124.3
Asset Turnover Ratio4.395.022.871.61
PAT to CFO Conversion(x)0.331-1.32-0.38
Working Capital Days
Receivable Days1.100.9046.30128
Inventory Days2117.501414.60
Payable Days16.209.101743.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jinkushal Industries Ltd FAQs

The current trading price of Jinkushal Industries on 04-Jun-2026 16:59 is ₹94.40.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Jinkushal Industries stood at ₹362.4 Cr

The latest P/E ratio of Jinkushal Industries as of 03-Jun-2026 is 29.14.

The latest P/B ratio of Jinkushal Industries as of 03-Jun-2026 is 2.19.

The 52-week high of Jinkushal Industries is ₹128.0 and the 52-week low is ₹45.45.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jinkushal Industries is ₹313 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jinkushal Industries Ltd is a average quality company.

The key valuation ratios of Jinkushal Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jinkushal Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Jinkushal Industries Ltd

Jinkushal Industries Limited was originally incorporated as ‘Zenith Tie-Up Private Limited’, a private limited company on November 27, 2007 in West Bengal. The company changed its name from ‘Zenith Tie-Up Private Limited’ to ‘Jinkushal Ispat & Power Private Limited’ on October 20, 2009. Subsequently, the company changed its name from ‘Jinkushal Ispat & Power Private Limited’ to ‘Jinkushal Industries Private Limited’ on January 08, 2014. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by the Shareholders at an extraordinary general meeting held on September 25, 2024 and name of the company was changed to ‘Jinkushal Industries Limited’.

The company operates across three primary business verticals; (i) export trading of customized, modified and accessorized new construction machines; (ii) export trading of used/refurbished construction machines; and (iii) export trading of its own brand ‘HexL’ construction machines to cater a diverse international customer base. Besides, it also derives a small portion of revenue from its logistics warehouses leasing and renting of construction machines. 

Under the business vertical of export trading of modified, customized and accessorized new construction machines, it procures new construction machines of various third-party OEM brands and enhance their value through customization, modification, or accessorization based on customer’s technical specifications. It acquires the new construction machines and then modifies and accessorizes the machines according to the customers’ requirements either in-house or through third-party customization hubs. Further, it specializes in export trading of construction machines such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. 

Business area of the company 

The company is primarily engaged in business of selling heavy construction machines (including refurbished machines), machine hiring services, warehousing and business auxiliary services. Further, it specializes in export trading of construction machines such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. 

Products of the company

Customized, Accessorized or Made to Order New Construction machines 

  • Hydraulic Excavator
  • Backhoe Loader
  • Soil Compactor

Refurbished Used Construction Machines

  • Hydraulic Excavator
  • Motor Grader
  • Wheel Loaders
  • Dozers

Construction Machines under its own brand ‘HexL’

  • Backhoe Loader

Awards, accreditations and recognition 

  • 2020: The company got recognized as a One-Star Export House by the Directorate General of Foreign Trade (DGFT).
  • 2023: The company got recognized as a Two-Star Export House by the Directorate General of Foreign Trade (DGFT).
  • 2023: Received an Award from ET MSME as ‘The India's Top Exporter of the Year - Service’.
  • 2024: The company got recognized as a Three -Star Export House by the Directorate General of Foreign Trade (DGFT).
  • 2024: The company has been recognized as One of the ‘Top SME Business of Year 2024 in the Export of Construction Equipment - Category’ by the Great Companies.

History and milestones

  • 2007: Incorporated as ‘Zenith Tie-Up Private Limited’.
  • 2009: The name of the company was altered to ‘Jinkushal Ispat & Power Private Limited’.
  • 2009: Ownership of the company was taken over by the existing promoters.
  • 2009: The company started the Business of renting of Construction Equipment.
  • 2013: The name of the company was altered to ‘Jinkushal Industries Private Limited’.
  • 2016: The Registered Office of the company is shifted from the state of West Bengal to the state of Chhattisgarh.
  • 2017: The company ventured into the exports of used construction equipment.
  • 2022: The revenue of the company crossed Rs 100 crore.
  • 2023: Incorporation of the overseas wholly owned subsidiary by the company in the UAE, Dubai i.e. Hexco Global, Jafza.
  • 2024: Strategic acquisition of a competing business in UAE by its subsidiary to foster synergistic growth. 
  • 2024: Conversion of the company from a private limited company to a public limited company. Launch and commencement of sale of own brand Backhoe Loaders (HEXL).

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