Synopsis:
Tata Steel awards John Cockerill India contract for Push-Pull Pickling Line and Acid Regeneration Plant at Jamshedpur to boost efficiency and sustainability.
This small-cap stock, engaged in designing, manufacturing, and installing cold rolling mills, galvanizing lines, color-coating lines, and acid regeneration plants for ferrous and non-ferrous industries globally, jumped 5 percent after receiving a contract from Tata Steel Limited.
With a market capitalization of Rs. 2,584.92 crores, the share of John Cockerill India Limited has reached an intraday high of Rs. 5,313 per equity share, rising nearly 5.05 percent from its previous day’s close price of Rs. 5,057.55. Since then, the stock has retreated and is currently trading at Rs. 5,234.95 per equity share.
What is the news?
Tata Steel Limited has awarded John Cockerill India a major contract to set up a Push-Pull Pickling Line and an Acid Regeneration Plant at its Jamshedpur Tinplate Division. This project aims to improve efficiency and support sustainable steel production.
The new Pickling Line will process up to 350,000 tonnes per year, handling various strip sizes and steel grades at high speed. It comes with advanced features like special pickling tanks, rinsing systems, and emission control measures, ensuring cleaner and safer operations while producing scale-free strips for further steel processing.
The Acid Regeneration Plant will recycle waste acid into fresh acid with over 99.5 percent efficiency and generate high-purity iron oxide by-products. This closed-loop system will reduce costs, minimize waste, and support Tata Steel’s environmental goals.
Company Overview
John Cockerill India Limited is an engineering company established in 1986 and is headquartered in Belgium. The company specializes in designing, manufacturing, and commissioning cold rolling mill complexes and related industrial processing equipment for ferrous and non-ferrous industries worldwide.
The company is part of the John Cockerill Group and has manufacturing facilities in Maharashtra, India. The company provides customized solutions in cold rolling mills, galvanizing lines, color coating lines, acid regeneration plants, and other steel processing lines.
John Cockerill India Limited has a global footprint across Asia, Africa, the Middle East, Europe, and the Americas. The company was formerly known as CMI FPE Limited and changed its name to John Cockerill India Limited in 2020. Recently, it has been advancing green steel solutions in collaboration with Steel Authority of India Limited (SAIL) to promote sustainable steel production technologies in India.
Recent quarter results
Coming into financial highlights, John Cockerill India Limited’s revenue has decreased from Rs. 93.29 crore in Q1 FY25 to Rs. 82.12 crore in Q1 FY26, which is a drop of 11.97 percent. The net profit has turned from negative to positive, from a net loss of Rs. 0.03 crore in Q1 FY25 to a net profit of Rs. 1.72 crore in Q1 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at -2.21 percent and -2.52 percent, respectively. John Cockerill India Limited has an earnings per share (EPS) of Rs. -10.90, and its debt-to-equity ratio is 0.02x.
Written By – Nikhil Naik
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