JKIPL
Jinkushal Industries Limited
Exporter of used and new non-OEM construction equipment under HexL brand
Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Dealers-Commercial Vehicles, Tractors, Construction Vehicles
jkipl.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Jinkushal Industries (JKIPL) exports used, refurbished and new construction equipment, including its own HexL brand, to importers, wholesalers and contractors in more than 35 countries.
Company snapshot
1stBy market cap
Ranked among 2 companies in Dealers-Commercial Vehicles, Tractors, Construction Vehicles.
What we see
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 49 Cr | 73 Cr | 44 Cr | 192 Cr | 57 Cr |
| Operating expenses (approx.) | 44 Cr | 66 Cr | 53 Cr | 179 Cr | 57 Cr |
| EBITDA | 5 Cr | 7 Cr | -9 Cr | 13 Cr | -0.76 Cr |
| OPM % | 10.7% | 9.7% | -19.8% | 6.8% | -1.3% |
| Other income | 4 Cr | 0.43 Cr | 1 Cr | 0.79 Cr | 6 Cr |
| Interest | 1 Cr | 2 Cr | 0.84 Cr | 1 Cr | 1 Cr |
| Depreciation | 0.21 Cr | 0.21 Cr | 0.22 Cr | 0.20 Cr | 0.26 Cr |
| Profit before tax | 7 Cr | 6 Cr | -8 Cr | 12 Cr | 3 Cr |
| Tax % | 10.4% | 21.5% | -18.4% | 5.4% | 27.7% |
| Net profit | 7 Cr | 4 Cr | -10 Cr | 12 Cr | 2 Cr |
| EPS (₹) | — | ₹1.49 | ₹-2.21 | ₹2.62 | ₹0.63 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 239 Cr | 381 Cr | 358 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 215 Cr | 357 Cr | 337 Cr | Sign in free for the trailing twelve months |
| EBITDA | 23 Cr | 23 Cr | 21 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.8% | 6.1% | 5.8% | Sign in free for the trailing twelve months |
| Other income | 4 Cr | 5 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Interest | 2 Cr | 4 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Depreciation | 0.79 Cr | 0.85 Cr | 0.84 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 25 Cr | 24 Cr | 17 Cr | Sign in free for the trailing twelve months |
| Tax % | 24.6% | 20.0% | 24.6% | Sign in free for the trailing twelve months |
| Net profit | 19 Cr | 19 Cr | 13 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹6.27 | ₹6.15 | ₹3.12 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 0.14 Cr | 0.14 Cr | 38 Cr |
| Reserves | 43 Cr | 86 Cr | 156 Cr |
| Borrowings | 46 Cr | 54 Cr | 100 Cr |
| Other liabilities | 21 Cr | 32 Cr | 58 Cr |
| Total liabilities | 109 Cr | 179 Cr | 361 Cr |
| Fixed assets (net) | 10 Cr | 9 Cr | 8 Cr |
| CWIP | — | 0.01 Cr | 1 Cr |
| Investments | 18 Cr | 30 Cr | 28 Cr |
| Inventories | 6 Cr | 22 Cr | 52 Cr |
| Trade receivables | 60 Cr | 102 Cr | 217 Cr |
| Cash & bank | 8 Cr | 5 Cr | 33 Cr |
| Other assets | 8 Cr | 10 Cr | 21 Cr |
| Total assets | 109 Cr | 179 Cr | 361 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operating activity | -24 Cr | -11 Cr | -110 Cr |
| Cash from investing | -7 Cr | -6 Cr | -0.06 Cr |
| Cash from financing | 28 Cr | 13 Cr | 135 Cr |
| Net cash flow | -4 Cr | -4 Cr | 28 Cr |
| Free cash flow (OCF − Capex) | -25 Cr | — | -113 Cr |
Ratios
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | 30.1% | 18.8% | 7.3% |
| ROE % | 43.1% | 19.6% | 6.0% |
| Debtor days | 92 | 98 | 221 |
| Inventory days | 463 | 2019 | 3320 |
| Days payable | 1028 | 2137 | 2025 |
| Cash conversion cycle | -473 | -20 | 1516 |
| OCF / EBITDA % | -102.0% | -48.2% | -526.7% |
| OCF / EBITDA % (3 years) | — | — | -214.2% |
| Debt / equity | 1.06 | 0.63 | 0.52 |
| Current ratio | 1.50 | 2.00 | 2.17 |
| Net debt / EBITDA | 1.63 | 2.11 | 3.23 |