NSE: JKIPL · BSE: 544547
JINKUSHAL INDUSTRIES LTD
Exports construction and mining equipment from India to international markets, with 97-98% of revenue coming from exports across 35-40 countries. Revenue is split across three lines: customised machines (62% of FY26 consolidated revenue), refurbished used equipment (35%), and the HexL own-brand programme (5%), with HexL targeted to reach 11-12% of revenue (~150 units) in FY27. The customer base is geographically skewed, with Mexico contributing 46% of revenue, UAE 19%, and South Africa and Australia roughly 10% each. The business runs an export-led trading and refurbishment model rather than heavy manufacturing, reflected in materials cost of just 1.6% of revenue, while the biggest operating costs are other opex at 21.4% (covering logistics, freight and marketing) and employee costs at 3.1%. Strategic inventory of more than ₹50 cr is held overseas to shorten delivery times and serve retail buyers, with 70% of that inventory available for retail. FY26 consolidated revenue stood at ₹357.56 cr, with operating profitability under pressure from logistics costs, HexL brand investment and one-time IPO expenses, leaving PAT at ₹12.76 cr. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Customised machines (62%), Refurbished used equipment (35%), HexL own brand (5%). Export-led, trading and refurbishment-oriented equipment distribution with a growing own-brand programme
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 358 |
| EBITDA (ex other income) | 21 |
| margin % | 5.8 |
| Owners' profit | 12 |
| EPS, as reported (₹) | 3.12 |
| ROE % · ROCE % | 6.3 · 10.8 |
| Debt / equity (x) | 0.50 |
| Cash from operations | (110) |
| Capex | (3) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 49 | 73 | 44 | 192 | 57 |
| Profit before tax | 7 | 6 | (8) | 12 | 3 |
| Net profit | 7 | 4 | (10) | 12 | — |
| EPS (₹) | 0.00 | 0.00 | (2.21) | 2.62 | 0.63 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Reg 74(5) compliance certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 24 Sept 2026 · Trading Window Closure for Q2 FY26 Results | compliance | minimal | — | — |
| 22 Sept 2026 · CRISIL reaffirms BBB/Negative rating, bank facility raised to Rs 250 Cr | credit debt | medium | — | — |
| 11 Sept 2026 · Jinkushal Industries incorporates wholly owned subsidiary in Hong Kong | strategic transactions | medium | — | — |
| 4 Sept 2026 · Promoter gifts 3.87% shares to family member via inter-se transfer | ownership changes | medium | — | — |
| 3 Sept 2026 · Promoter inter-se gift transfer of 14.87 lakh shares | ownership changes | low | — | — |
| 3 Sept 2026 · Promoter Anubhavi Jain receives 3.87% stake as gift from Sandhya Jain | ownership changes | medium | — | — |
| 24 Aug 2026 · Promoter Sandhya Jain gifts 14.87 lakh shares to daughter Anubhavi Jain | ownership changes | medium | — | — |
| 21 Aug 2026 · Jinkushal Industries: Promoter Gifts 3.87% Stake to Daughter | ownership changes | medium | — | — |
| 21 Aug 2026 · Q1 FY27 earnings call transcript filed; Africa revenue share jumps to 32% | investor communications | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.