Jinkushal Industries Limited IPO
JKIPL is a leading player in the export trading of construction machines across global markets. Recognized as a Three-Star Export House by the Directorate General of Foreign Trade (DGFT), Government of India, the company holds a 6.9% market share, making it the largest Non-OEM exporter of construction machines as per the CareEdge Report.
To date, JKIPL has exported construction machines to 30+ countries, including UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK.
Business Model
Primary Business Verticals
1. Export of Customized/Modified New Machines: Trading of new construction machines that are customized, modified, and accessorized as per customer requirements.
2. Export of Used/Refurbished Machines: Refurbishing and upgrading used machines to ensure performance standards, durability, and customer-specific applications.
3. Own Brand Export – ‘HexL’ Machines: Export of HexL-branded construction machines (currently in the backhoe loaders category) to expand brand presence in international markets.
4. Additional Revenue Streams: Logistics Warehousing Leasing and Rental of Construction Machines
Operational Strengths
– Beyond plain export trading, JKIPL focuses on refurbishment, customization, modification, and accessorization of machines.
– Work carried out in-house or through third-party vendors.
– Ensures machines are ready-to-use, optimized for performance, and aligned with customer-specific requirements.
Market Positioning and Customer Benefits
Construction machines are high-value assets with strong resale demand, making them attractive to contractors and businesses needing immediate deployment. Their durability and resale value offer flexibility and cost-effectiveness. By supplying ready-to-use refurbished or customized machines, we help customers bypass the typical 4–6 month lead time for new machines, ensuring quicker availability and faster deployment.
Objects of the Jinkushal Industries Limited IPO:
Jinkushal Industries Limited IPO Details:
Open Date: | Sep 25 2025 |
Close Date: | Sep 29 2025 |
Total Shares: | 95,95,483 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 116.11 Cr. |
Lot Size: | 120 Shares |
Issue Price: | ₹ 115-121 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Oct 03 2025 |
Promoters And Management:
Financials of Jinkushal Industries Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations (Cr) | 380.55 | 238.59 | 233.45 |
EBITDA (Cr) | 28.6 | 27.56 | 14.67 |
EBITDA Margins | 7.52% | 11.56% | 6.29% |
PAT (Cr) | 19.14 | 18.64 | 10.11 |
PAT Margins | 5.03% | 7.81% | 4.33% |
ROCE | 18.39% | 29.44% | 34.11% |
Debt to Equity Ratio(In Times) | 0.58 | 1.06 | 0.66 |
Operating Cash Flows | -11.24 | -23.83 | 10.52 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Jinkushal Industries Limited | 380.55 | 7.52% | 5.03% | 18.39% | 0.58 | 464.42 | 24.26 |
Action Construction Equipment Limited | 3327 | 15% | 12.29% | 40.10% | 0.01 | 13,636 | 32.2 |
Vision Infra Equipment Solutions Limited | 443 | 27% | 7.67% | 19.60% | 1.69 | 603 | 19.4 |
Lead Manager of Jinkushal Industries Limited IPO:
Registrar of Jinkushal Industries Limited IPO:
Discussion on Jinkushal Industries Limited IPO:
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