Jinkushal Industries Ltd

Promoter inter-se transfer

• Promoter inter-se transfer of 1,487,300 shares from Sandhya Jain to Anubhavi Jain.
• Date: proposed transfer on/after 28 August 2026 via off-market gift deed.
• Post-transaction holding: Donee 3.87%, Donor 3.56% of diluted share capital.
• Form of consideration: gift; no monetary consideration disclosed.
• Regulatory approvals: not specified; intimation filed under SEBI SAST Reg. 10(5).
• Industry/sector: not disclosed; background not disclosed in filing.
• Target background: Jinkushal Industries Ltd; formerly Jinkushal Industries Private Limited.
• Size/scale: turnover not disclosed.
• Pre-transaction shareholding: Donor 2,853,472 shares (7.43%).
• Post-transaction shareholding: Donee 1,487,300 shares (3.87%); Donor 1,366,172 shares (3.56%).

Financial Performance

• Standalone revenue: INR51.29 crores in Q1 FY27, up 37.4% YoY.
• Consolidated revenue: INR56.57 crores in Q1 FY27, up 15.9% YoY.
• Standalone PBT: INR4.15 crores; PAT: INR3.31 crores.
• Consolidated PBT: INR3.04 crores; PAT: INR2.20 crores.
• Shipping/logistics: Standalone INR3.86 crores; Consolidated INR4.72 crores.
• Employee benefits expense (consolidated): INR3.83 crores.

Geography & Growth

• Africa accounted for approximately 32% of revenue in Q1 FY27 vs 4.47% in Q1 FY26.
• Inventory: Consolidated INR96.8 crores; overseas subsidiaries INR84.4 crores.
• HexL brand: ongoing product development, international marketing, and distribution development.

Liquidity & Working Capital

• Inventory overseas focus to improve availability; capital deployed into inventory.
• Debtors increased due to overseas expansion; longer shipping times affecting cycles.

Outlook & Targets

• Long-term revenue target: INR600 crores to INR700 crores; horizon 2–3 years.
• HexL pricing: 20%–40% price advantage vs global brands; long-term PAT 12%–15%.
• HexL profitability plan: 12%–14% PAT levels estimated; nascent stage with marketing costs.

Q&A Highlights

• No single geography winner; Africa, LATAM, Middle East all growth opportunities.
• Inventory conversion expected in about 2 quarters; replenishment thereafter.
• Freight costs elevated; some pass-through to customers; profitability still under pressure.
• Debtors rising due to overseas penetration; shipping times longer; churning remains healthy.

Meeting Details

• Date/time and event: 19 August 2026, 11:00 IST; Q1 FY27 Earnings Call.
• Recording: audio recording available on the company’s investor site.
• Purpose: discuss Q1 FY27 earnings results.
• Discussions based on generally available information; UPSI not discussed.

Business snapshot

• Largest non-OEM Indian exporter of construction machinery; three verticals: new, used/refurbished, HexL.
• Asset-light model with contract manufacturing and refurbishment; includes rentals and warehousing.
• HexL backhoe loaders launched 2024; Dubai subsidiary established 2023.
• Exports account for ~99% of revenue; serves 35+ countries; 2,500+ machines exported since 2017.
• Top-5 customers contribute ~85% of FY26 revenue.

Operational milestones

• Listed on BSE/NSE on 3 Oct 2025; IPO subscribed 65x.
• Overseas footprint: Dubai hub for MEA; USA for Americas.
• 3 independent directors added to board in 2025; Abu Dhabi step-down subsidiary planned 2026.

Financial performance

• 5-year revenue CAGR: 36.09% (FY26).
• ROE 28.30%, RoCE 18.39%, RONW 21.22% (FY26).
• Debt-to-Equity ~0.50x.

Strategic priorities

• Expand HexL own-brand portfolio; diversify suppliers and channels.
• Increase global penetration; enhance working capital efficiency; invest in digital platforms.
• Introduce electric construction machines as part of HexL lineup.

Risks & governance

• Top customer concentration risk: 85% of FY26 revenue.
• Export-reliant model exposed to freight, currency and trade policies.
• Governance strengthened with independent directors; Abu Dhabi subsidiary aids risk diversification.

Leadership & structure

• Promoter-family leadership: Chairman & ED; MD & CEO; CFO.
• Six-member board with three independents; professional management team.

Meeting Details

• Date and time: 19 August 2026 at 11:00 AM IST.
• Type and mode: Earnings call, virtual group meeting.
• Event: Q1 FY27 Earnings Call.

Participants

• Managing Director & CEO (MD & CEO) to participate.
• Executive Director & CFO (ED & CFO) to participate.

Purpose

• Purpose: Earnings results discussion for Q1 FY27 with investors.

Additional Notes

• Joining link provided in annexure; details to be disclosed on the company website.

Financial highlights

• Standalone revenue ₹5,129.42 lakhs, up 37.4% YoY.
• Standalone PAT ₹330.94 lakhs; down 12.1% YoY.
• Consolidated revenue ₹5,656.55 lakhs, up 15.9% YoY.
• Consolidated PAT ₹220.05 lakhs; down 66.2% YoY.
• Standalone PBT ₹415.20 lakhs; down 8.1% YoY.
• Consolidated PBT ₹304.31 lakhs; down 58.1% YoY.

Operational and strategic developments

• Africa accounted for about 32% of Q1 FY27 revenue, up from 3%.
• Inventory stood at ₹9,680 lakhs consolidated; ₹8,440 lakhs overseas.
• HexL brand development and international expansion continued.
• Consolidated employee benefits rose 73.5% YoY in Q1 FY27.
• Management focuses on capital discipline, liquidity and working-capital efficiency.

AGM Details

• AGM held on 12 August 2026 from 4:00 PM to 4:58 PM.
• Mode: physical meeting at Vimitara, Shanti Nagar, Indravati Colony, Raipur.
• Remote e-voting conducted 8–11 August 2026.
• Notice and annual report for year ended 31 March 2026 circulated.
• Attendees included Chairman, MD, independent director, CFO, and Company Secretary.

Key Resolutions

• Item 1: Adoption of standalone and consolidated financial statements.
• Item 2: Re-appointment of Anil Kumar Jain as Director.
• Item 3: Appointment of Secretarial Auditors M/s Abhishek Jain & Associates.
• Item 4: Change in designation of Abhinav Jain to Managing Director.

Director Changes

• Re-appointment of Anil Kumar Jain as Director (retiring by rotation).
• Abhinav Jain designation changed from Whole-Time Director to Managing Director.

Auditor Appointments

• Secretarial Auditor appointed: Abhishek Jain & Associates.