Is Jinkushal Industries Ltd (JKIPL) a good quality company?

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

Is Jinkushal Industries Ltd (JKIPL) undervalued or overvalued?

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

What is Jinkushal Industries Ltd (JKIPL) share price return in the past 10 years?

Data is not available for this company

Is Jinkushal Industries Ltd (JKIPL) a good buy now?

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

What is the share price of Jinkushal Industries Ltd (JKIPL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Jinkushal Industries Ltd (JKIPL) on 13-Apr-2026 16:59:59 at 16:59 is 65.69.

What is the market cap of Jinkushal Industries Ltd (JKIPL)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 16:59, the market cap of Jinkushal Industries stood at Rs. 252.16 Cr.

What is the P/E ratio of Jinkushal Industries?

The latest standalone P/E ratio of Jinkushal Industries as of 13-Apr-2026 is 15.68.

What is the P/B ratio of Jinkushal Industries Ltd (JKIPL)?

The latest standalone P/B ratio of Jinkushal Industries Ltd (JKIPL) as of 13-Apr-2026 is 0.97.

What is the 52-week high and low of Jinkushal Industries Ltd (JKIPL)?

The 52-week high of Jinkushal Industries Ltd (JKIPL) is Rs. 128.00 and the 52-week low is Rs. 45.45.

What is the TTM revenue of Jinkushal Industries Ltd (JKIPL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jinkushal Industries is Rs. 211.86 (Cr.).

Jinkushal Industries Ltd (JKIPL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Jinkushal Industries Ltd (JKIPL)
Brand: Jinkushal Industries

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	45.6%	42.2%	41.7%	24.3%	-
Value Creation Index ⓘ	2.3	2.0	2.0	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	177	233	239	212	212
Sales YoY Gr.	-	31.9%	2.2%	-11.2%	-
Adj EPS ⓘ	2.6	4.8	6	5.5	4.2
YoY Gr.	-	82%	25.9%	-8.5%	-
BVPS (₹) ⓘ	4.9	8.2	14.6	19.9	67.9
Adj Net Profit ⓘ	7.8	14.1	17.8	16.3	16
Cash Flow from Ops. ⓘ	2.8	10.4	-25.2	-5.8	-
Debt/CF from Ops. ⓘ	4.1	1.5	-1.8	-9.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	6.2%	-11.2%
Adj EPS ⓘ	NA	NA	28%	-8.5%
BVPSⓘ	NA	NA	59.9%	36.4%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	53.8	72.5	52.5	31.7	9.6
Op. Profit Mgn % ⓘ	5.8	8.6	9.9	10.2	8.7
Net Profit Mgn % ⓘ	4.4	6.1	7.5	7.7	7.6
Debt to Equity ⓘ	0.8	0.7	1.1	0.9	-
Working Cap Days ⓘ	0	39	78	165	115
Cash Conv. Cycle ⓘ	0	11	46	106	65

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 27.97%

Debt to equity has declined versus last 3 years average to 0.92

Sales growth is good in last 4 quarters at 26.56%

Return on Equity has declined versus last 3 years average to 9.50%

Sales growth has been subdued in last 3 years 6.18%

	Standalone	Consolidated
TTM EPS (₹)	4.2	4.8
TTM Sales (₹ Cr.)	212	381
BVPS (₹) ⓘ	67.9	72.4
Reserves (₹ Cr.) ⓘ	222	239
P/BV ⓘ	0.97	0.91
PE ⓘ	15.68	13.79

From the Market
52 Week Low / High (₹)	45.45 / 128.00
All Time Low / High (₹)	45.45 / 128.00
Market Cap (₹ Cr.)	252
Equity (₹ Cr.)	38.4
Face Value (₹)	10
Industry PE ⓘ	24.4

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	177	233	239	212
Operating Expenses ⓘ +	167	219	215	191
Manufacturing Costs	26	29	28	22
Material Costs	133	174	175	157
Employee Cost	2	5	6	5
Other Costs ⓘ	5	12	7	6
Operating Profit ⓘ	10	14	24	21
Operating Profit Margin (%)	5.8%	6.1%	9.9%	10.1%
Other Income ⓘ +	2	0	4	4
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	1	1	2	4
Depreciation ⓘ	0	1	1	1
Profit Before Tax ⓘ	11	13	25	21
Tax ⓘ	3	3	6	5
Profit After Tax	9	10	19	16
PAT Margin (%)	4.9%	4.3%	7.9%	7.6%
Adjusted EPS (₹)	2.9	3.4	6.4	5.4
Dividend Payout Ratio (%)	0%	0%	0%	0%

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	14	25	43	59
Share Capital ⓘ	0	0	0	0
Reserves ⓘ	14	24	43	59
Debt +	10	16	45	54
Long Term Debt	2	0	0	0
Short Term Debt	9	15	45	54
Minority Interest	0	0	0	0
Trade Payables	6	3	14	24
Others Liabilities ⓘ	10	10	12	11
Total Liabilities ⓘ	40	53	114	149
Fixed Assets
Net Fixed Assets ⓘ +	5	9	10	9
Gross Block	5	10	12	12
Accumulated Depreciation	0	1	2	2
CWIP ⓘ	1	1	0	0
Investments ⓘ	7	9	18	27
Inventories	10	12	6	11
Trade Receivables	1	1	60	89
Cash Equivalents	2	11	6	0
Others Assets ⓘ	16	10	13	12
Total Assets ⓘ	40	53	114	149

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	3	10	-25	-6
PBT ⓘ	11	13	25	21
Adjustment ⓘ	-1	2	-0	1
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	-1	0
Net Investments	-6	-2	-7	-5
Others ⓘ	-0	2	0	0
Cash Flow From Financing Activity ⓘ +	3	4	28	5
Net Proceeds from Shares ⓘ	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0
Interest Paid ⓘ	-0	-1	-2	-4
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	4	5	30	8
Net Cash Flow ⓘ	1	10	-5	-6

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	59.34	51.95	55.74	31.38
ROCE (%)	45.62	42.23	41.71	24.3
Asset Turnover Ratio	4.39	5.02	2.87	1.61
PAT to CFO Conversion(x)	0.33	1	-1.32	-0.38
Working Capital Days
Receivable Days	1	1	46	128
Inventory Days	21	17	14	15
Payable Days	16	9	17	44

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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Jinkushal Industries Ltd (JKIPL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Jinkushal Industries Share Price