Jinkushal Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹396 Cr
- P/E
- 46.41
- ROE
- 8.64%
- Price to sales
- 1.08
- Debt to equity
- 0.52
- 52W high / low
- ₹129 / ₹47.5
- EBITDA margin
- 2.92%
- Net profit margin
- 3.57%
- Promoter holding
- 74.99%
- Sales (last year)
- ₹365 Cr
Founded in November 2007, Jinkushal Industries Limited is an export trading company supplying construction machinery globally.[1]
Guidance scorecard · Q1 FY27 call
What Jinkushal Industries Ltd's management guided
and where it ranks in Agricultural, Commercial & Construction Vehicles
RevenueQ1 FY27 call
20–40%- FY27 started with strong standalone revenue growth of 37% YoY (INR 51.29 crores).
- Long-term revenue target: INR 600-700 crores within the next 2-3 years.
- Growth expected from all three verticals (new equipment, used/refurbished equipment, HexL brand), aiming for a balanced revenue mix.
- International markets, especially Africa, Latin America, and Middle East, remain key growth drivers.
- New equipment customization expected to have significant demand in the next 3 quarters.
- Growth supported by ongoing investments in manpower, systems, and inventory positioned closer to customers internationally.
2 more points from Jinkushal Industries Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Jinkushal Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- Current investments are primarily in inventory, manpower, product development, market development, and international expansion rather than fixed capital expenditures like plant or machinery.
- Investments are transient and growing month-on-month and quarter-on-quarter.
- Strategic investments focus on building organizational strength, systems, processes, regional teams, and proprietary brand HexL.
- Investments are intended to support long-term growth, international presence, and product portfolio diversification.
2 more points from Jinkushal Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Jinkushal Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company is experiencing healthy revenue growth and expansion, especially internationally.
- Investments are being made in inventory, manpower, and international market expansion, indicating active order flow and preparation for higher volumes.
- Shipping and logistics costs have increased due to geopolitical factors, implying ongoing sales and deliveries.
- The business cycle typically runs over 1.5 to 2 quarters, meaning inventory and orders are being converted on this timeline.
- Management expects revenue targets of INR 600-700 crores over the next 2-3 years, reflecting optimism on sustained order intake.
2 more points from Jinkushal Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Agricultural, Commercial & Construction Vehicles
on management's own guidance
- BEML LtdGood growth2
- TILGood growth1
- Indo Farm Equip.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Agricultural, Commercial & Construction Vehicles companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | TIL | 20–40% | Up 2%+ | ₹1,894 Cr | — |
| 2 | BEML Ltd | 20–40% | Flat | ₹16,396 Cr | 91.9 |
| 3 | Indo Farm Equip. | 20–40% | Flat | ₹630 Cr | 25.3 |
| 4 | 20–40% | Flat | ₹38 Cr | 6.2 | |
| 5 | 10–20% | Flat | ₹1.55L Cr | 20.9 | |
| 6 | 10–20% | Flat | ₹87,468 Cr | 23.5 |
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Pro shows every company guiding 40%+ revenue growth →Full Agricultural, Commercial & Construction Vehicles rankingFinancials of Jinkushal Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jinkushal Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Sales + | 49.75 | 69.89 | 182.87 | 78.05 | 48.82 | 72.82 | 43.93 |
| Expenses + | 48.16 | 67.93 | 169.73 | 74.73 | 43.58 | 65.79 | 52.65 |
| Operating Profit | 1.59 | 1.96 | 13.14 | 3.32 | 5.24 | 7.03 | -8.72 |
| OPM % | 3.20% | 2.80% | 7.19% | 4.25% | 10.73% | 9.65% | -19.85% |
| Other Income + | 4.29 | 2.46 | 1.68 | 0.14 | 3.51 | 0.43 | 1.44 |
| Interest | 0.72 | 0.85 | 1.01 | 1.23 | 1.28 | 1.58 | 0.84 |
| Depreciation | 0.21 | 0.21 | 0.21 | 0.22 | 0.21 | 0.21 | 0.22 |
| Profit before tax | 4.95 | 3.36 | 13.60 | 2.01 | 7.26 | 5.67 | -8.34 |
| Tax % | 16.77% | 50.89% | 9.26% | 49.75% | 10.47% | 21.52% | 18.47% |
| Net Profit + | 4.13 | 1.65 | 12.35 | 1.02 | 6.50 | 4.45 | -9.87 |
| EPS in Rs | 297.12 | 118.71 | 858.99 | 73.38 | 2.01 | 1.15 | -2.21 |
Financials of Jinkushal Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| Sales + | 239 | 381 | 244 |
| Expenses + | 215 | 357 | 237 |
| Operating Profit | 23 | 23 | 7 |
| OPM % | 10% | 6% | 3% |
| Other Income + | 4 | 5 | 6 |
| Interest | 2 | 4 | 5 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 25 | 24 | 7 |
| Tax % | 25% | 20% | |
| Net Profit + | 19 | 19 | 2 |
| EPS in Rs | 1,341.01 | 1,315.83 | 74.33 |
| Dividend Payout % | 0% | 0% |
Financials of Jinkushal Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 0.14 | 0.14 | 38 |
| Reserves | 43 | 86 | 153 |
| Borrowings + | 46 | 55 | 70 |
| Other Liabilities + | 20 | 38 | 62 |
| Total Liabilities | 109 | 179 | 324 |
| Fixed Assets + | 10 | 10 | 9 |
| CWIP | 0 | 0 | 0 |
| Investments | 18 | 30 | 34 |
| Other Assets + | 81 | 139 | 280 |
| Total Assets | 109 | 179 | 324 |
Financials of Jinkushal Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Cash from Operating Activity + | -24 | -11 |
| Cash from Investing Activity + | -7 | -5 |
| Cash from Financing Activity + | 28 | 13 |
| Net Cash Flow | -4 | -3 |
| Free Cash Flow | -25 | -11 |
| CFO/OP | -78% | -28% |
Financials of Jinkushal Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 92 | 98 |
| Inventory Days | 13 | 28 |
| Days Payable | 28 | 29 |
| Cash Conversion Cycle | 76 | 97 |
| Working Capital Days | 12 | 47 |
| ROCE % | 23% |
Guidance history
How Jinkushal Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 2%+ | — | — | Rising |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q3 FY26 call → | 20–40% | Up 0–2% | None planned | — | — |
| Q2 FY26 call → | 40%+ | Flat | — | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Jinkushal Industries Ltd's management said in earlier quarters
Others in Agricultural, Commercial & Construction Vehicles this season
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- Gurunanak Agriculture India Ltd (Q4 FY26)
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- SML Mahindra (Q2 FY18)
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- SML Mahindra (Q4 FY18)
368.08 crores, compared to Rs. Key concall takeaways from SML Mahindra Ltd's Q4 FY18 earnings call — and how it ranks against sector peers.