JNK India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,172 Cr
- P/E
- 28.85
- ROE
- 12.09%
- PEG
- 2.43
- Price to sales
- 2.41
- Debt to equity
- 0.16
- 52W high / low
- ₹546 / ₹204
- Sales growth (5Y)
- 42.83%
- EBITDA margin
- 11.62%
- Net profit margin
- 7.92%
- Promoter holding
- 67.80%
- Sales (last year)
- ₹899 Cr
Guidance scorecard · Q1 FY27 call
What JNK's management guided
RevenueQ1 FY27 call
20–40%- JNK India targets a medium-term revenue growth rate of approximately 20% to 25% year-on-year.
- The company expects consistent ramp-up driven by both existing heating equipment and diversification into metals, minerals, and other technology-led EPC sectors.
- They aim for about 40% of revenue from diversified non-heating equipment businesses within 3 to 5 years.
- Current order book (INR 1,801 crores as of June 30, 2026) and a sizable bid pipeline of over INR 6,000 crores support this growth.
- The opportunity pipeline is roughly balanced 50:50 between domestic and international markets, with ongoing project executions providing revenue visibility through FY27 and FY28.
2 more points from JNK's call on revenue
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MarginsQ1 FY27 call
FlatSee what JNK said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is diversifying into new sectors such as metals, minerals, offshore, green hydrogen, sustainable fuels, and chemicals (via JNK Chemdist Technologies JV).
- JNK Chemdist has a relatively high fixed cost base currently, indicating ongoing investment in scaling this business.
- The focus is on technology-led EPC projects requiring tie-ups with technology partners, suggesting strategic investments in partnerships rather than in-house technology development.
- The company has opened a branch office in Iraq targeting opportunities in oil and gas, refining, and petrochemical sectors, indicating strategic geographic expansion and likely associated investments.
2 more points from JNK's call on capex
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FundraisingQ1 FY27 call
None plannedSee what JNK said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of August 2026, JNK India Limited has a bid pipeline of approximately INR 6,000 crores.
- The pipeline is split roughly equally between domestic (INR 3,000+ crores) and export opportunities (around INR 3,000 crores).
- Export opportunities are primarily related to heating equipment, while domestic bids focus more on non-heating equipment sectors like renewable energy, metals, and minerals.
- The company expects order finalizations mainly in Q2 and Q3 of the year, with the full pipeline likely to get finalized within the financial year.
2 more points from JNK'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
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of JNK
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JNK
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 105 | 37 | 97 | 120 | 224 | 88 | 103 | 94 | 189 | 99 | 178 | 179 | 300 |
| Expenses + | 87 | 29 | 75 | 79 | 193 | 78 | 91 | 87 | 174 | 95 | 161 | 154 | 257 |
| Operating Profit | 18 | 8 | 21 | 41 | 31 | 10 | 12 | 7 | 15 | 3 | 17 | 25 | 42 |
| OPM % | 17% | 21% | 22% | 34% | 14% | 11% | 11% | 7% | 8% | 3% | 10% | 14% | 14% |
| Other Income + | 3 | 0 | 1 | 1 | 1 | 3 | 3 | 3 | 13 | 4 | 6 | 4 | 6 |
| Interest | 3 | 2 | 2 | 4 | 3 | 4 | 2 | 5 | 4 | 4 | 3 | 4 | 5 |
| Depreciation | 3 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 15 | 5 | 19 | 36 | 28 | 7 | 12 | 3 | 22 | 2 | 18 | 24 | 41 |
| Tax % | 24% | 41% | 35% | 16% | 42% | 12% | 35% | 3% | 40% | 42% | 26% | 22% | 22% |
| Net Profit + | 11 | 3 | 12 | 30 | 16 | 7 | 7 | 3 | 13 | 1 | 14 | 18 | 32 |
| EPS in Rs | 11.78 | 0.61 | 2.58 | 6.22 | 3.35 | 1.17 | 1.34 | 0.52 | 2.38 | 0.21 | 2.43 | 3.30 | 5.66 |
Financials of JNK
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 102 | 121 | 289 | 405 | 477 | 473 | 756 |
| Expenses + | 90 | 96 | 236 | 335 | 376 | 427 | 668 |
| Operating Profit | 12 | 25 | 54 | 70 | 101 | 46 | 88 |
| OPM % | 11% | 21% | 19% | 17% | 21% | 10% | 12% |
| Other Income + | 1 | 1 | 1 | 4 | 3 | 18 | 20 |
| Interest | 0 | 2 | 4 | 5 | 10 | 14 | 16 |
| Depreciation | 1 | 1 | 3 | 6 | 6 | 6 | 7 |
| Profit before tax | 12 | 23 | 48 | 63 | 88 | 44 | 85 |
| Tax % | 26% | 28% | 25% | 26% | 30% | 31% | 23% |
| Net Profit + | 9 | 16 | 36 | 47 | 62 | 30 | 65 |
| EPS in Rs | 145.33 | 274.67 | 37.45 | 48.57 | 12.76 | 5.40 | 11.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 6% | 3% |
Financials of JNK
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 20 | 36 | 63 | 113 | 185 | 492 | 555 |
| Borrowings + | 0 | 12 | 15 | 44 | 66 | 19 | 58 |
| Other Liabilities + | 17 | 68 | 180 | 171 | 253 | 266 | 347 |
| Total Liabilities | 38 | 117 | 267 | 337 | 514 | 788 | 972 |
| Fixed Assets + | 1 | 3 | 20 | 21 | 23 | 29 | 29 |
| CWIP | 0 | 0 | 0 | 0 | 3 | 6 | 7 |
| Investments | 0 | 0 | 11 | 0 | 0 | 0 | 15 |
| Other Assets + | 37 | 113 | 236 | 317 | 487 | 754 | 921 |
| Total Assets | 38 | 117 | 267 | 337 | 514 | 788 | 972 |
Financials of JNK
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 13 | 33 | -8 | -10 | -66 | 20 |
| Cash from Investing Activity + | -4 | -8 | -25 | -24 | -15 | -14 | -163 |
| Cash from Financing Activity + | -1 | -0 | 6 | 25 | 14 | 218 | 23 |
| Net Cash Flow | 3 | 5 | 14 | -7 | -10 | 139 | -120 |
| Free Cash Flow | 7 | 10 | 13 | -15 | -21 | -74 | 12 |
| CFO/OP | 79% | 72% | 83% | 11% | 2% | -75% | 50% |
Financials of JNK
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 162 | 139 | 103 | 175 | 261 | 139 |
| Inventory Days | 5 | 74 | 245 | 216 | 136 | 62 | 6 |
| Days Payable | 82 | 349 | 179 | 107 | 245 | 162 | 106 |
| Cash Conversion Cycle | -2 | -113 | 205 | 212 | 66 | 160 | 38 |
| Working Capital Days | 37 | 48 | 23 | 65 | 98 | 211 | 157 |
| ROCE % | 70% | 76% | 54% | 46% | 15% | 18% |
Guidance history
How JNK's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
31 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +33.3% | 79% |
| Last 6 months | +7.6% | 64% |
| Last 3 months | −15.4% | 28% |
The price is 56% below its all-time high of ₹882.65 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 63 became 31.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JNK: 0.4 × 79 + 0.4 × 64 + 0.2 × 28 = 63, halved to 31 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.