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J Kumar Infraprojects Ltd
NSE: JKIL BSE: 532940 INE576I01022 Industrials Infra 🔎 Screen
₹3,594 Cr
Market Cap
9.4
P/E
0.79
PEG
18.3%
ROCE
12.3%
ROE
0.18
D/E
14.3%
OPM
-29.2%
% from 52W High
27
α RS
🔍 JKIL is showing a high-conviction setup because it matches 4 of 37 tracked screener presets and fortress_balance preset's Backtest win rate is 51.8% over 90 days. The main caution: promoter pledging is at 22.67% — a real deleveraging risk, not just a technical wobble. Net: Mixed signal stack, not a recommendation. ? Conviction Backtest Pledging
Sources
Conviction 4/37 · Backtest win rate 51.8% · Pledging 22.67%
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📈 Price History
Ratio Health
Excellent
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About

J Kumar Infraprojects Limited is engaged in the business of execution of contracts of various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc.

✓ Strengths 1
  • Stock is trading at 1.07 times its book value
! Concerns 4
  • Company has a low return on equity of 13.1% over last 3 years.
  • Contingent liabilities of Rs.4,383 Cr.
  • Dividend payout has been low at 8.28% of profits over last 3 years
  • Company's cost of borrowing seems high
Key Ratios Snapshot
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📈 Growth Pattern
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Mixed quarter: revenue grew 2% YoY to ₹1,511 Cr, but PAT fell 6% YoY as EBITDA margin compressed 40 bps and finance/depreciation costs rose. quarter Investor Presentation One-Pager? Jun 2026
Revenue
₹1,511 Cr
+2% YoY vs ₹1,484 Cr in Q1 FY26
EBITDA Margin
14.2%
-40 bps YoY vs 14.6% in Q1 FY26
PAT
₹97 Cr
-6% YoY vs ₹103 Cr; PAT margin fell to 6.4% from 7.0%
Order Book & Inflow
₹22,246 Cr book; ₹4,556 Cr inflow in Q1
Order book ≈3.9x FY26 revenue as of Jun 30, 2026
What Went Right
  • Order book remained strong at ₹22,246 Cr, with Q1 FY27 order inflow of ₹4,556 Cr — providing multi-year revenue visibility.
  • Cash PAT grew 1% YoY to ₹149 Cr, while FY26 cash PAT was ₹583 Cr, up 4% YoY.
  • Other income jumped 58% YoY to ₹19 Cr, helping cushion the core operating decline.
  • EBIT margin was stable at 12.1%, only 30 bps below Q1 FY26 and FY26 EBIT margin improved to 12.3% from 12.1%.
What to Watch
  • PAT declined 6% YoY to ₹97 Cr; PAT margin fell 60 bps to 6.4%.
  • EBITDA margin contracted 40 bps YoY to 14.2%, with cost of materials rising to 65.5% of revenue from 64.0% — a ~150 bps negative swing.
  • Revenue growth is weak: Q1 grew only 2% YoY and FY26 annual revenue rose just 1% YoY to ₹5,723 Cr.
  • Depreciation and finance costs rose 16% YoY (₹52 Cr) and 13% YoY (₹44 Cr) respectively, eroding profitability despite higher other income.
  • PBT fell 4% YoY to ₹138 Cr, indicating core construction profitability remained under pressure.
Investor Lens
The investment thesis remains largely intact because the order book is strong at ₹22,246 Cr — about 3.9x FY26 revenue — and Q1 inflows of ₹4,556 Cr support future revenue, but execution and margin recovery are critical. The 6% YoY PAT drop and 40 bps EBITDA margin decline show cost pressure, especially on materials, while depreciation and finance costs continue to grow. Revenue growth is still sluggish at 2% YoY, so the strong order book has not yet translated into visible top-line acceleration. Cash PAT stayed positive at ₹149 Cr, but it was aided by higher other income rather than operational improvement. Next quarter, watch revenue conversion, material-cost trends, and whether EBITDA margin can return toward the 14.5% range.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Flat revenue growth and 4.9% PAT decline make this a muted quarter
Revenue
Revenue came in at ₹1,507.0 Cr, up only 1.9% YoY from ₹1,478.9 Cr in Jun 2025. Sequentially, revenue declined 4.2% from ₹1,573.1 Cr in Mar 2026, indicating sluggish execution momentum.
Profitability
Net Profit fell 4.9% YoY to ₹98.0 Cr, with EPS at ₹12.93 versus ₹13.58 a year ago. PBT stood at ₹139.0 Cr after interest of ₹43.0 Cr and depreciation of ₹51.0 Cr, with tax rate at 30%.
Margins
Operating Profit Margin slipped to 14% from 15% YoY, with operating profit at ₹215.0 Cr, down 0.5% YoY. The margin compression suggests input cost or pricing pressure despite modest revenue growth.
Cash Flow
No cash flow data was provided in the release, so cash flow quality versus PAT could not be assessed.
Balance Sheet
Debt-to-equity is low at 0.18, indicating a conservative leverage profile. Return ratios remain healthy with ROCE at 18.3% and ROE at 12.3%.
Key Risks
Revenue growth has stalled at under 2% YoY, and QoQ decline points to possible order execution slowdown. Margin compression could persist if input costs remain elevated. The 4.9% PAT decline despite flat revenue suggests limited operating leverage.
Outlook
With a low D/E ratio and healthy ROCE, the company has balance sheet headroom for future growth. However, near-term performance depends on reversing the sequential revenue decline and stabilising margins.
Generated by AI · Jun 2026 results · Not investment advice
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