Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Jinkushal Industries Ltd (JKIPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544547 NSE: JKIPL Trading | Small Cap | Jinkushal Industries Share Price
₹98.35 2.95 (3.09%)
As on 18-Sep'26 13:31
Jinkushal Industries Ltd (JKIPL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544547 NSE: JKIPL Trading | Small Cap | Jinkushal Industries Share Price
₹98.35 2.95 (3.09%)
As on 18-Sep'26 13:31
Key Metrics
Valuation Multiples
Market Cap
₹366 Cr.
Current Price
₹98.4
52-Week Low / High
₹45 / 128
TTM EPS
₹2.2
TTM Sales
₹365 Cr.
Book Value per Share
₹51.1
P/E Ratio
42.90
Higher than its 5-year historical median
Industry PE
38.6
Price to Book (P/B)
1.87
Higher than its 5-year historical median
Price to Sales (P/S)
1.00
Lower than its 5-year historical median
EV/EBITDA
23.01
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.11%
Return on Capital Employed (ROCE)
10.12%
Return on Assets (ROA)
4.65%
Operating Profit Margin
6.8%
Net Profit Margin
3.57%
Gross Profit Margin
5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
47.92%
Operating Profit Growth (1 Year)
-
-10.96%
Net Profit Growth (1 Year)
-
-33.33%
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹158 Cr.
Equity
₹38.4 Cr.
Face Value
₹10
All Time Low / High
₹45.45 / 128.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Jinkushal Industries Ltd a good quality company?
Jinkushal Industries Ltd is a weak quality company, based on a inconsistent 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.
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.
How does Jinkushal Industries Ltd performance compare with that of its Peers?
Revenue growth of Jinkushal Industries Ltd vs industry peers?
Jinkushal Industries Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
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.
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.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 45.6% | 42.2% | 41.7% | 24.3% | 11.4% | - |
| Value Creation Index ⓘ | 2.3 | 2.0 | 2.0 | 0.7 | -0.2 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 177 | 233 | 239 | 212 | 313 | 327 |
| Sales YoY Gr. | - | 31.9% | 2.2% | -11.2% | 47.9% | - |
| Adj EPS ⓘ | 2.6 | 4.8 | 6 | 5.5 | 4 | 3.1 |
| YoY Gr. | - | 82% | 25.9% | -8.7% | -27.5% | - |
| BVPS (₹) ⓘ | 4.9 | 8.2 | 14.6 | 19.9 | 43.2 | 44 |
| Adj Net Profit ⓘ | 7.8 | 14.1 | 17.8 | 16.3 | 15.2 | 12 |
| Cash Flow from Ops. ⓘ | 2.8 | 10.4 | -25.2 | -5.8 | -113 | - |
| Debt/CF from Ops. ⓘ | 4.1 | 1.5 | -1.8 | -9.3 | -0.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 10.3% | 47.9% | ||||
| Adj EPS ⓘ | NA | NA | -5.9% | -27.5% | ||||
| BVPSⓘ | NA | NA | 73.7% | 117.1% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 53.8 | 72.5 | 52.5 | 31.7 | 13.5 | 7.2 |
| Op. Profit Mgn % ⓘ | 5.8 | 8.6 | 9.9 | 10.2 | 8.2 | 4.9 |
| Net Profit Mgn % ⓘ | 4.4 | 6.1 | 7.5 | 7.7 | 4.9 | 3.7 |
| Debt to Equity ⓘ | 0.8 | 0.7 | 1.1 | 0.9 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 39 | 78 | 165 | 215 | 165 |
| Cash Conv. Cycle ⓘ | 0 | 11 | 46 | 106 | 156 | 91 |
Valuation of Jinkushal Industries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Sales | 239 | 381 | 358 |
| Operating Expenses ⓘ + | 215 | 357 | 337 |
| Operating Profit ⓘ | 23 | 23 | 21 |
| Operating Profit Margin (%) | 9.8% | 6.1% | 5.8% |
| Other Income ⓘ + | 4 | 5 | 2 |
| Interest ⓘ | 2 | 4 | 5 |
| Depreciation ⓘ | 1 | 1 | 1 |
| Profit Before Tax ⓘ | 25 | 24 | 17 |
| Tax ⓘ | 6 | 5 | 4 |
| Profit After Tax | 19 | 19 | 13 |
| PAT Margin (%) | 7.8% | 5.0% | 3.6% |
| Adjusted EPS (₹) | 6.3 | 6.2 | 3.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 43 | 86 | 194 | ||||||||
| Debt + | 45 | 54 | 100 | ||||||||
| Minority Interest | 0 | 7 | 8 | ||||||||
| Trade Payables | 14 | 24 | 32 | ||||||||
| Others Liabilities ⓘ | 13 | 13 | 30 | ||||||||
| Total Liabilities ⓘ | 115 | 184 | 365 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 10 | 10 | 8 | ||||||||
| CWIP ⓘ | 0 | 0 | 1 | ||||||||
| Investments ⓘ | 18 | 30 | 28 | ||||||||
| Inventories | 6 | 22 | 52 | ||||||||
| Trade Receivables | 60 | 102 | 217 | ||||||||
| Cash Equivalents | 8 | 5 | 33 | ||||||||
| Others Assets ⓘ | 13 | 14 | 25 | ||||||||
| Total Assets ⓘ | 115 | 184 | 365 | ||||||||
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -24 | -11 | -110 |
| Cash Flow From Investing Activity ⓘ + | -7 | -6 | -0 |
| Cash Flow From Financing Activity ⓘ + | 28 | 13 | 135 |
| Net Cash Flow ⓘ | -4 | -4 | 26 |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 43.29 | 29.7 | 9.11 | |||||||
| ROCE (%) | 30.17 | 24.25 | 10.12 | |||||||
| Asset Turnover Ratio | 2.07 | 2.55 | 1.3 | |||||||
| PAT to CFO Conversion(x) | -1.26 | -0.58 | -8.46 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 91.70 | 77.80 | 163.20 | |||||||
| Inventory Days | 9.30 | 13.60 | 38.10 | |||||||
| Payable Days | 28.20 | 23.20 | 41.70 | |||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Jinkushal Industries Ltd FAQs
The current trading price of Jinkushal Industries on 18-Sep-2026 13:31 is ₹98.35.
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 17-Sep-2026 the market cap of Jinkushal Industries stood at ₹366.2 Cr
The latest P/E ratio of Jinkushal Industries as of 17-Sep-2026 is 30.56.
The latest P/B ratio of Jinkushal Industries as of 17-Sep-2026 is 2.17.
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 ₹327 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jinkushal Industries Ltd is a below 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 Semi Strong which suggest that the price of Jinkushal Industries Ltd is likely to Rise-somewhat 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).
You have 47 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
