JKIPL
Jinkushal Industries financials
- Market cap
- ₹393 Cr
- Sector
- Capital Goods
- Calls analysed
- 3
Jinkushal Industries Limited Q1 FY27
What went well
- Standalone revenue from operations increased 37.4% YoY to INR51.29 crores in Q1 FY27.
- Consolidated revenue grew 15.9% YoY to INR56.57 crores in Q1 FY27.
- Africa's contribution to revenue significantly increased to 32% in Q1 FY27, up from 4.47% in Q1 FY26, reflecting successful international expansion.
What to watch
- Consolidated PAT sharply declined by 66.2% YoY to INR2.2 crores in Q1 FY27.
- Consolidated PBT decreased by 58.1% YoY to INR3.04 crores in Q1 FY27.
What Jinkushal Industries Limited does
Jinkushal Industries exports construction and mining machinery through three verticals: new machines customised to client specs, fully refurbished used machines, and its own HexL-brand backhoe loaders (contract-manufactured). It sources equipment from multiple OEMs, refurbishes it at partner workshops in India and UAE, and stages exports through yards near Nhava Sheva and Jebel Ali ports. It also runs a smaller complementary business of machinery rentals and logistics-warehousing.
Segments
- New/Customised Machines
- Used/Refurbished Machines
- HexL Brand
- Machinery Rentals
- Logistics-warehousing
- Machines exported (cumulative since 2017)
- 2,500+ (1,000+ in last two years)
- Refurbishment centres
- 7 (6 across India + 1 in UAE)
- Employees
- 140+
- Export footprint
- 35+ countries
- Market share in Indian non-OEM CE exports
- 6.9%
- Supplier network (OEM sourcing partners)
- 220+
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 0 delivered 3 missed 6 open- HexL Distributors went quiet said Q2 FY26 Promised: achieve 50 distributors of HexL globally Q1 FY27: Management mentioned ongoing 'dealer/distribution development' for HexL but did not provide an update on the number of distributors.
- Total Revenue revised down said Q2 FY26 Promised: aspiration to cross around Rs. 800 crores of revenue in the next two or three years Q1 FY27: Management revised long-term revenue target down to 'INR600 crores to INR700 crores', from the original aspiration of INR 800 crores.
- Tax Rate on track said Q2 FY26 Promised: 20%, 25%, right? I mean, on a steady state basis. Q1 FY27: The effective tax rate for the quarter was approx. 27.6% (PBT ₹3.04cr, PAT ₹2.2cr), slightly above the 20-25% steady-state target range.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 15.9%, net profit down 66.2% 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 | 70 | 183 | 78 | 49 | 73 +4% | 44 −76% | 192 +146% | 57 +16% |
| EBITDA | 2 | 13 | 3 | 5 | 7 +259% | -9 −166% | 13 +295% | -1 −115% |
| Net profit | 2 | 12 | 1 | 7 | 4 +170% | -10 −180% | 12 +1045% | 2 −66% |
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 −24.7% 1Y
1Y: ₹121.66 on 3 Oct 2025 → ₹91.64. High ₹122.67 (19 Nov 2025), low ₹47.49 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.0%
- 19 Aug
- Q3 FY26
- −0.9%
- 13 Feb
- Q2 FY26
- −2.3%
- 29 Oct
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 6.0% a year over 1 year, FY25 to FY26. Operating margin narrowed to 4.7%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹381 Cr | ₹358 Cr |
| Operating profit | ₹20 Cr | ₹17 Cr |
| Operating margin | 5.3% | 4.7% |
| Interest | ₹4 Cr | ₹5 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr |
| Net profit | ₹19 Cr | ₹13 Cr |
| Net margin | 5.0% | 3.6% |
| Cash from operations | ₹-11 Cr | ₹-110 Cr |
| Free cash flow | ₹-11 Cr | ₹-113 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 | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹0 Cr | ₹38 Cr | ₹38 Cr |
| Reserves | ₹43 Cr | ₹153 Cr | ₹156 Cr |
| Borrowings | ₹46 Cr | ₹70 Cr | ₹101 Cr |
| Other liabilities | ₹20 Cr | ₹62 Cr | ₹66 Cr |
| Total liabilities | ₹109 Cr | ₹324 Cr | ₹361 Cr |
| Fixed assets | ₹10 Cr | ₹9 Cr | ₹8 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹18 Cr | ₹34 Cr | ₹28 Cr |
| Other assets | ₹81 Cr | ₹280 Cr | ₹323 Cr |
| Total assets | ₹109 Cr | ₹324 Cr | ₹361 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 Sep 2025, the public added +4.82 pp while DIIs trimmed −4.72 pp. The shareholder count shrank 49% to 14,637.
- Promoters
- 75.0%
- FIIs
- 2.1%
- DIIs
- 4.2%
- Public
- 18.6%
Since Sep 2025
- Public +4.82 pp
- DIIs −4.72 pp
- FIIs −0.11 pp
How it drifted, 4 quarters
Over this window the public went from 13.8% to 18.6% — +4.8 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 75.0%, FIIs 2.2%, DIIs 8.9%, Public 13.8%.Dec '25: Promoters 75.0%, FIIs 1.6%, DIIs 5.4%, Public 18.0%.Mar '26: Promoters 75.0%, FIIs 0.8%, DIIs 4.2%, Public 20.0%.Jun '26: Promoters 75.0%, FIIs 2.1%, DIIs 4.2%, Public 18.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Dhanterash Suppliers Private Limited newly disclosed 2.68% held
- Royal Alpha Opportunity Fund AIF +1.01 pp 2.72% held
- Nova Global Opportunities Fund Pcc - Touchstone FPI fund newly disclosed 1.01% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Jinkushal Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Anil Kumar Jain | 41.78% | unchanged |
| Abhinav Jain | 13.38% | unchanged |
| Tithi Jain | 7.75% | unchanged |
| Sandhya Jain | 7.43% | unchanged |
| Yashasvi Jain | 3.87% | unchanged |
| Royal Alpha Opportunity Fund AIF | 2.72% | +1.01 pp |
| Dhanterash Suppliers Private Limited | 2.68% | newly disclosed |
| Vorton Capital Alternative Investment Trust-Vorton Opportunities Fund AIF | 1.08% | unchanged |
| Nova Global Opportunities Fund Pcc - Touchstone FPI fund | 1.01% | newly disclosed |
| Kamla Bai Jain | 0.77% | unchanged |
| Kamlabai Pukhraj Lodha Charitable Trust | 0.00% | unchanged |
| Prafull Kumar Tated HUF | 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 (3)
Read the Q1 FY27 call →Learn to analyse Jinkushal Industries Limited
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