Pursuant to provision of Regulation 30 and 46(2) of SEBI (LODR) Regulation 2015 and in continuation to our letter dated February 26, 2026 regarding the audio recording of the earning conference ....
COCKERILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
John Cockerill India (JCIL) reported a strong turnaround for FY25 with order intake of INR 862 crore versus INR 300 crore last year, and ending order backlog at INR 11.9 billion (up 74% YoY), the highest in a decade. The company swung back to profitability with PAT of INR 10 crore versus a loss of INR 5 crore in FY24, while cash and bank balances grew nearly fourfold to INR 226 crore. EBIT recovered to around 6% from negative 3% the previous year, supported by a growing value services segment that contributed roughly 30% of revenue and around 40% of group profitability. Management outlined five growth engines—India steel capex, record order book, value services, global consolidation, and green steel tech—and announced a proposed acquisition of a US-based group entity targeted for completion by December 31, 2026. Pro-forma consolidated FY25 revenue stood at about INR 2,000 crore, and management guided to double-digit profitability over a five-year horizon. The board also recommended a dividend for FY25 after skipping it last year.
The sharp rebound in order book, return to profitability, and reinstated dividend signal meaningful recovery and improved financial confidence for shareholders. Near-term revenue conversion will be slow through Q1-Q2 FY26 with a planned inflection from Q3 onwards, but the long-term thesis hinges on global consolidation and value services scaling, which could support re-rating if execution stays on track.