500147
John Cockerill share price & financials
- Price
- ₹9,126
- Market cap
- ₹4.0k Cr
- Sector
- Capital Goods
- Calls analysed
- 5
John Cockerill Q1 CY26
What went well
- Standalone Revenue for Q1 CY26 stood at INR 200 crores, registering a growth of 162% year-on-year.
- Consolidated Revenue for Q1 CY26 stood at INR 340 crores, reflecting a 56% year-on-year growth.
- Standalone Order Book as of March 2026 stands at INR 1,300 crores, reflecting a 101% year-on-year increase.
What to watch
- Consolidated EBITDA margins stood at 1.4%, largely impacted by integration costs and consolidation adjustments.
- Margins were impacted by upfront costs related to hiring, organizational realignment, and a shift in product mix towards larger projects.
What John Cockerill does
John Cockerill India Limited engineers, designs, manufactures, erects and commissions equipment and technology lines for the steelmaking and steel-processing industry, including cold rolling mills, continuous annealing and galvanising lines, pickling lines and acid regeneration plants. It is the Indian arm and designated manufacturing/execution hub of the Belgium-headquartered John Cockerill Group's global Metals business, serving steel producers such as Tata Steel, Jindal, JSW and ArcelorMittal Nippon Steel. Beyond new-build project execution, it also earns from a Revamps, Spares & Services business that upgrades, maintains and decarbonises existing customer plants over their lifecycle. Following the January 2026 consolidation, it also owns John Cockerill Metals International (Belgium), which in turn holds Metals-business entities in China, Germany and (prospectively) the USA.
Segments
- Processing & Rolling
- Iron & Steel Making Technology
- Services & Energy Efficiency
- Employees (JCIL, India)
- 378
- John Cockerill Group employees worldwide
- 8,000+
- John Cockerill Group global presence
- 28+ countries
- John Cockerill Group engineering legacy
- 200+ years
- Manufacturing sites in India
- 2 (Taloja, Raigad and Hedavali, Raigad)
- Corporate role within John Cockerill Group
- Designated India hub and execution/manufacturing centre for the Group's global Metals platform
Guidance record · Q4 FY26
what the last two calls moved 9 tracked 0 delivered 0 missed 9 open- JVD Commercialization Timeline at risk said Q4 FY25 Promised: Expect contracts in 2025 Q4 FY26: No contract announced by the delayed deadline of Q1 2026. Management only mentioned 'growing interest for JVD technology which should also translate into more orders in the future'.
- Value Services Share on track said Q4 FY25 Promised: Aiming to have at least 20% of value services going forward Q4 FY26: No new data for CY26 performance. A new, separate long-term target of 30-35% over 3-5 years was introduced.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 18.2%, net profit down 106.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76 | 72 | 221 | 253 | 97 +28% | 228 +215% | 345 +56% | 299 +18% |
| EBITDA | -9 | -0 | -1 | -26 | 11 +231% | -20 −4067% | 8 +900% | -27 −4% |
| Net profit | -7 | -1 | -3 | -15 | 9 +219% | -9 −512% | 7 +333% | -31 −107% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +81.5% 1Y
1Y: ₹4,456.75 on 10 Sept 2025 → ₹8,089.2. High ₹10,294.65 (10 Jun 2026), low ₹4,082.2 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −4.3%
- 19 May
- Q3 FY26
- −2.3%
- 26 Feb
- Q2 FY26
- −1.5%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 3.6% a year over 2 years, FY23 to FY25. Operating margin narrowed to -4.5%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹859 Cr | ₹389 Cr | ₹799 Cr |
| Operating profit | ₹37 Cr | ₹-4 Cr | ₹-36 Cr |
| Operating margin | 4.3% | -1.0% | -4.5% |
| Interest | ₹2 Cr | ₹2 Cr | ₹16 Cr |
| Depreciation | ₹6 Cr | ₹6 Cr | ₹11 Cr |
| Net profit | ₹31 Cr | ₹-5 Cr | ₹-18 Cr |
| Net margin | 3.7% | -1.4% | -2.3% |
| Cash from operations | ₹17 Cr | ₹-66 Cr | ₹159 Cr |
| Free cash flow | ₹14 Cr | ₹-77 Cr | ₹156 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹175 Cr | ₹206 Cr | ₹196 Cr | ₹-73 Cr | ₹-101 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹5 Cr | ₹16 Cr | ₹47 Cr |
| Other liabilities | ₹160 Cr | ₹615 Cr | ₹372 Cr | ₹1.2k Cr | ₹1.5k Cr |
| Total liabilities | ₹340 Cr | ₹828 Cr | ₹578 Cr | ₹1.2k Cr | ₹1.5k Cr |
| Fixed assets | ₹51 Cr | ₹53 Cr | ₹57 Cr | ₹81 Cr | ₹95 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹5 Cr | ₹1 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹16 Cr | ₹0 Cr |
| Other assets | ₹289 Cr | ₹774 Cr | ₹516 Cr | ₹1.1k Cr | ₹1.4k Cr |
| Total assets | ₹340 Cr | ₹828 Cr | ₹578 Cr | ₹1.2k Cr | ₹1.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −4.56 pp while the public added +4.14 pp. The shareholder count grew 23% to 14,140.
- Promoters
- 70.4%
- FIIs
- 0.3%
- DIIs
- 0.1%
- Public
- 29.1%
Since Jun 2025
- Promoters −4.56 pp
- Public +4.14 pp
- FIIs +0.30 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 70.4% — −4.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, Public 25.0%.Dec '23: Promoters 75.0%, Public 25.0%.Mar '24: Promoters 75.0%, FIIs 0.0%, DIIs 0.1%, Public 24.9%.Jun '24: Promoters 75.0%, FIIs 0.0%, DIIs 0.1%, Public 24.9%.Sep '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Mar '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '25: Promoters 70.4%, FIIs 0.0%, Public 29.5%.Mar '26: Promoters 70.4%, FIIs 0.0%, Public 29.5%.Jun '26: Promoters 70.4%, FIIs 0.3%, DIIs 0.1%, Public 29.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of John Cockerill above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| John Cockerill SA (formerly Cockerill Maintenance and Ingenierie SA) | 70.33% | unchanged |
| Datta Mahendra Shah | 1.56% | unchanged |
| Jay Mahendra Shah | 1.47% | unchanged |
| John Cockerill Global Business Services Private Limited (formerly John Cockerill Automation Private Limited) | 0.11% | unchanged |
| Brazil Servicos De Manut. Equip. Indust. | 0.00% | unchanged |
| Cmi Defesa Participacoes Sa | 0.00% | unchanged |
| CMI Projectos e Desenvovimento de Sistemas de Dedesa LTDA | 0.00% | unchanged |
| Cmi Argentina Sa | 0.00% | unchanged |
| Cmi De Chile Limitado Sa | 0.00% | unchanged |
| Hamon Esindus Latinoamerica Lmitada | 0.00% | unchanged |
| John Cockerill Colombia Sas | 0.00% | unchanged |
| Diblur | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (5)
Read the Q4 FY26 call →Learn to analyse John Cockerill
Guides on how to read this kind of business and the numbers that matter.