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Revenue
₹192 Cr
verified against source
Revenue YoY
146.15%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Jinkushal Industries reported a record Q4 FY26 with consolidated revenue of ₹192 crore, up 146% YoY, driven by strong execution in international markets, particularly South Africa and Mexico. Full-year consolidated revenue reached ₹358 crore, with PAT of ₹12.76 crore. Profitability was impacted by higher employee costs, Hexel brand investments, and elevated logistics expenses due to geopolitical disruptions. Management reiterated a medium-term revenue target of ₹600-700 crore in 2.5-3 years, but declined to provide FY27 guidance citing geopolitical uncertainty. The Hexel brand contributed ~5% of consolidated revenue, with a target of 11-12% in FY27 and 150 units sold. Key risks include continued geopolitical volatility, currency fluctuations, and working capital intensity from inventory positioning and brand building.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated a target of ₹600-700 crore revenue in the next 2.5-3 years, driven by market expansion and Hexel brand growth.
- Hexel brand is expected to contribute 11-12% of total revenue in FY27, up from ~5% in FY26.
- Management targets selling 150 Hexel branded units in FY27, compared to ~50 in FY26.
- Management aims for 5-7% PAT margin at the consolidated level once revenue reaches ₹600-800 crore.
Risks flagged
- Elevated logistics costs from geopolitical tensions (e.g., West Asia crisis) have compressed margins and may persist.
- Higher inventory and credit periods for Hexel brand are increasing cash conversion cycle, delaying operating cash flow improvement.
- Currency volatility in export markets impacts profitability; management acknowledged absorption of such costs in P&L.
- The inventory-led sales model and geopolitical uncertainty make revenue visibility low for near-term quarters.
Key quotes
- The only limiting factor would be the capital available to the company.
- We are very strongly seeing our vision and target of 600 to 700 crores of revenue in the next two and a half to three years.
- The ultimate indicator is the number of units in the market.
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