Synopsis:
JNK India Limited received a significant order from its promoter, JNK Global Co., Ltd., Korea, for design and engineering support on a refinery project in India.
The shares of a Small-Cap company specializing in the design, engineering, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces for industries jumped by up to 5 percent upon receiving a work order from its promoter, JNK Global Ltd, Korea.
With a market capitalization of Rs. 1,701.56 crores on Monday, the shares of JNK India Ltd rose upto 4.5 percent, making a high of Rs. 312.65 per share compared to its previous closing price of Rs. 299.15 per share.
JNK India Ltd, engaged in the design, engineering, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces for industries, informed both BSE Limited and the National Stock Exchange of India Limited, that it has received a significant work order from one of its promoters, JNK Global Co., Ltd., Korea.
The order is for providing design and engineering support for the Cracker Furnace Package of a refinery project in India, with a scheduled delivery date of December 21, 2027. As per the company’s internal classification, the value of a “Significant” project falls in the range of Rs. 0–50 crore.
Financials & Others
The company’s revenue rose by 12.49 percent from Rs. 87.91 crores to Rs. 98.89 crores in Q1FY25-26. Meanwhile, Net profit declined from Rs. 6.52 crores to Rs. 1.17 crores in the same period.
The company is nearly debt-free, reflecting strong financial stability. The company has also demonstrated consistent profitability, with a solid 3-year average Return on Equity (ROE) of 22.9% which indicates efficient use of shareholder funds and effective business management.
JNK India, founded in 2010, is one of India’s leading combustion equipment companies specializing in thermal design, engineering, manufacturing, and commissioning of process-fired heaters, reformers, and cracking furnaces. The company also works in waste gas handling systems like flares and incinerators, as well as renewable energy systems, including hydrogen production and solar PV EPC.
The company’s strengths include proven execution capabilities and longstanding customer relationships, which help it deliver customized solutions in a highly specialized industry. With a dynamic workforce of 306 employees skilled in design, execution, and R&D, the company serves 21 customers in India and 8 overseas across sectors such as refinery, steel, petrochemical, and fertilizer, ensuring strong revenue visibility through its robust order book of 10,819 Mn.
JNK India’s order book is well diversified by product, with the majority coming from heating solutions at 79.4%, followed by process plant orders at 12.8%, and flares, incinerators, and other products making up 7.8%.
By industry, the order book is predominantly driven by the petrochemical sector, which accounts for 71.0%, followed by refining at 23.8%. The steel industry contributes 4.7%, with other sectors making up the remaining 0.4%.
Written by Sridhar J
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