JKIL
J.Kumar Infraprojects share price & financials
- Price
- ₹500.2
- Market cap
- ₹3.8k Cr
- Sector
- Construction
- Calls analysed
- 6
J.Kumar Infraprojects Limited Q1 FY27
What went well
- Revenue increased by 2% YoY to ₹1,511 crores in Q1 FY27.
- Order book as of June 30, 2026, stood strong at ₹22,246 crores, providing good revenue visibility.
- Order inflow for the quarter, including L1 bids, reached ₹7,000 crores, with a full-year target of ₹8,000-10,000 crores.
What to watch
- EBITDA moderated by 1% YoY to ₹215 crores, with EBITDA margin declining to 14.1% from 14.6% in Q1 FY26, attributed to project mix and timing-related factors.
- PAT moderated by 6% YoY to ₹97 crores, with PAT margin at 6.4% compared to 7% in Q1 FY26.
What J.Kumar Infraprojects Limited does
J. Kumar Infraprojects is a Mumbai-headquartered EPC (engineering, procurement & construction) contractor specialising in urban infrastructure, executing underground and elevated metro corridors, flyovers, elevated road corridors, road tunnels, and water/civil infrastructure such as sewage treatment plants and riverfronts. It earns revenue from large civil-construction contracts awarded by government and public agencies such as MMRDA, DMRC and NHAI, concentrated in Maharashtra, Delhi-NCR, Gujarat, Uttar Pradesh, Tamil Nadu and Karnataka. The company follows an asset-led execution model, owning its own tunnel boring machines, casting yards, RMC/batching plants and segment-launching equipment rather than depending solely on subcontractors. Incorporated in 1999 with a legacy tracing to 1980, it is listed on both the BSE and NSE.
Segments
- Metro Infrastructure
- Elevated Corridors & Flyovers
- Roads & Road Tunnels
- Building, Civil & Other Infrastructure
- Water Infrastructure
- Ongoing projects
- 40+
- States with active project execution
- 6 (Maharashtra, Delhi-NCR, Gujarat, Uttar Pradesh, Tamil Nadu, Karnataka)
- Core business verticals
- 5 (Metro, Elevated Corridors/Flyovers, Roads & Road Tunnels, Civil & Others, Water Infrastructure)
- Engineering workforce
- 1,100+ engineers
- Operating history
- 45+ years of EPC execution (business origins 1980; incorporated 1999)
- In-house equipment fleet
- Owns TBMs (tunnel boring machines), casting yards, RMC/batching plants, piling rigs and segment-launching equipment
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 3 delivered 2 missed 7 open- FY26 New Order Inflow delivered, diluted said Q4 FY25 Promised: INR 6,000-8,000 crores for FY26 Q1 FY27: Historical promise, verdict unchanged.
- FY26 Revenue Growth missed said Q4 FY25 Promised: 15% growth (INR 6,500-6,600 crores) for FY26 Q1 FY27: Historical promise, verdict unchanged.
- EBITDA Margin revised down said Q4 FY25 Promised: 15% to 16% in the coming 6 to 8 quarters Q1 FY27: Guided for 14-15% EBITDA margin for FY27, which is below the target range of 15-16%.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 1.9%, net profit down 4.9% 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 | 1,292 | 1,487 | 1,633 | 1,479 | 1,337 +3% | 1,306 −12% | 1,573 −4% | 1,507 +2% |
| EBITDA | 188 | 219 | 235 | 216 | 194 +3% | 189 −14% | 219 −7% | 215 −0% |
| Net profit | 90 | 100 | 114 | 103 | 91 +1% | 84 −16% | 105 −8% | 98 −5% |
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 −24.6% 1Y
1Y: ₹630.95 on 10 Sept 2025 → ₹475.85. High ₹658.95 (31 Oct 2025), low ₹427.7 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +1.5%
- 7 Aug
- Q4 FY26
- −2.0%
- 20 May
- Q3 FY26
- +4.7%
- 6 Feb
- Q2 FY26
- −5.4%
- 7 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 grew 10.7% a year over 3 years, FY23 to FY26. Operating margin held at 14.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.2k Cr | ₹4.9k Cr | ₹5.7k Cr | ₹5.7k Cr |
| Operating profit | ₹597 Cr | ₹704 Cr | ₹826 Cr | ₹818 Cr |
| Operating margin | 14.2% | 14.4% | 14.5% | 14.4% |
| Interest | ₹99 Cr | ₹124 Cr | ₹156 Cr | ₹162 Cr |
| Depreciation | ₹154 Cr | ₹167 Cr | ₹169 Cr | ₹194 Cr |
| Net profit | ₹275 Cr | ₹329 Cr | ₹390 Cr | ₹383 Cr |
| Net margin | 6.5% | 6.7% | 6.8% | 6.7% |
| Cash from operations | ₹183 Cr | ₹336 Cr | ₹375 Cr | ₹1.1k Cr |
| Free cash flow | ₹-35 Cr | ₹119 Cr | ₹141 Cr | ₹653 Cr |
| ROCE | 17.0% | 18.0% | 20.0% | 18.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr |
| Reserves | ₹1.8k Cr | ₹2.0k Cr | ₹2.3k Cr | ₹2.6k Cr | ₹3.1k Cr | ₹3.3k Cr |
| Borrowings | ₹567 Cr | ₹472 Cr | ₹547 Cr | ₹593 Cr | ₹751 Cr | ₹589 Cr |
| Other liabilities | ₹1.2k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹2.3k Cr | ₹2.2k Cr |
| Total liabilities | ₹3.6k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.7k Cr | ₹6.2k Cr | ₹6.1k Cr |
| Fixed assets | ₹806 Cr | ₹790 Cr | ₹925 Cr | ₹971 Cr | ₹1.3k Cr | ₹1.2k Cr |
| Capital work in progress | ₹150 Cr | ₹152 Cr | ₹107 Cr | ₹111 Cr | ₹292 Cr | ₹295 Cr |
| Investments | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹314 Cr |
| Other assets | ₹2.7k Cr | ₹3.0k Cr | ₹3.3k Cr | ₹3.6k Cr | ₹4.6k Cr | ₹4.3k Cr |
| Total assets | ₹3.6k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.7k Cr | ₹6.2k Cr | ₹6.1k 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, the public added +1.19 pp while FIIs trimmed −0.92 pp. The shareholder count shrank 11% to 50,819.
- Promoters
- 46.6%
- FIIs
- 11.7%
- DIIs
- 15.2%
- Public
- 26.5%
Since Jun 2025
- Public +1.19 pp
- FIIs −0.92 pp
- DIIs −0.26 pp
How it drifted, 12 quarters
Over this window the public fell from 28.5% to 26.5% — −2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 46.6%, FIIs 10.0%, DIIs 14.8%, Public 28.5%.Dec '23: Promoters 46.6%, FIIs 8.7%, DIIs 16.6%, Public 28.0%.Mar '24: Promoters 46.6%, FIIs 10.1%, DIIs 16.5%, Public 26.7%.Jun '24: Promoters 46.6%, FIIs 10.5%, DIIs 16.9%, Public 25.9%.Sep '24: Promoters 46.6%, FIIs 10.0%, DIIs 16.6%, Public 26.8%.Dec '24: Promoters 46.6%, FIIs 10.5%, DIIs 16.2%, Public 26.7%.Mar '25: Promoters 46.6%, FIIs 11.9%, DIIs 15.5%, Public 25.9%.Jun '25: Promoters 46.6%, FIIs 12.6%, DIIs 15.4%, Public 25.3%.Sep '25: Promoters 46.6%, FIIs 12.8%, DIIs 15.4%, Public 25.1%.Dec '25: Promoters 46.6%, FIIs 12.7%, DIIs 15.3%, Public 25.4%.Mar '26: Promoters 46.6%, FIIs 12.6%, DIIs 15.2%, Public 25.6%.Jun '26: Promoters 46.6%, FIIs 11.7%, DIIs 15.2%, Public 26.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of J.Kumar Infraprojects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jagdishkumar Madanlal Gupta | 14.50% | unchanged |
| J Kumar Software Systems India Private Limited | 8.74% | unchanged |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund Mutual fund | 8.40% | unchanged |
| J Kumar Minerals And Mines India Private Limited | 4.66% | unchanged |
| Kusum Jagdish Gupta | 4.53% | unchanged |
| Kamal Jagdish Gupta | 3.99% | unchanged |
| Nalin Jagdish Gupta | 3.95% | unchanged |
| Letko Brosseau Emerging Markets Equity Fund FPI fund | 3.70% | unchanged |
| Shalini Nalin Gupta | 3.22% | unchanged |
| Sonal Kamal Gupta | 3.06% | unchanged |
| Mukul Mahavir Agrawal | 2.55% | −0.06 pp |
| Abakkus Growth Fund-2 AIF | 2.48% | 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.
Mutual funds in JKIL
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹306 Cr
- 2 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹239 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹239 Cr | held | Dec '22 |
| HDFC Infrastructure Fund HDFC Mutual Fund | ₹67 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +84%
- vs est. average cost
- Held by funds
- ₹306 Cr
- 2 schemes · ≈ 8.4% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹239 Cr · 0.2% of that fund
Shares held by these funds −5%
Aug '23 63.57 L shares Jul '26
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse J.Kumar Infraprojects Limited
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