Trading Symbol

JKIPL

Company Overview

JKIPL is India's largest non-OEM exporter of construction machinery (Source: CARE Edge Report) with 6.9% market share in exports. The company operates in three product verticals: exports of refurbished construction equipment, customized new machines, and own-brand sales under the HexL brand. The company also maintains complementary businesses in machinery rentals and logistics/warehousing.

Financial Performance

  • 5-year revenue CAGR: 36.09%
  • FY26 EBITDA: ₹3,732.17 Lakh
  • FY26 PAT: ₹1,660.47 Lakh
  • Return Ratios: ROE 28.30%, RoCE 18.39%, RoNW 21.22%
  • Debt-to-Equity Ratio (FY26): ~0.50
  • Revenue Mix: ~99% of revenue derived from exports

Operational Highlights

  • Supplied approximately 2,500+ machines worldwide since 2017, with 1,000+ in the last two years
  • Top 5 clients account for approximately 85% of FY26 revenue
  • Serves 35+ countries across Middle East, Europe, Africa, Latin America, and SE Asia
  • Regional hubs include Hexco Global (Dubai) for Middle East/Africa and Hexco Global (USA) for Americas

Business Model and Operations

JKIPL employs an asset-light business model with:

  • Refurbishment Infrastructure: 30,000 Sq. ft. state-of-art workshop and designated centers in India & UAE
  • Contract Manufacturing: HexL brand machines produced via outsourced contract manufacturing
  • Digital Operations: Modern IT systems for inventory, order tracking, and supply chain management
  • Broad Product Range: Excavators, backhoe loaders, wheel loaders, bulldozers, cranes, motor graders, compactors, asphalt pavers
  • Customization Capability: Machines tailored with attachments like hydraulic piping kits, AC cabins, special buckets

Strategic Initiatives

1. Integration and Diversification: Expand supplier base for procurement, refurbishment, and contract manufacturing

2. Sales Volume Growth: Deepen presence across multiple markets with targeted expansion and partnerships

3. Efficiency Enhancement: Streamline procurement, refurbishment, and logistics; invest in technology and automation

4. Product Portfolio Expansion: Introduce new categories including electric construction machines

5. Brand Recognition: Build awareness through marketing, digital campaigns, and international exhibitions

6. Working Capital Optimization: Improve inventory management and negotiate better payment terms

Industry Outlook

  • Global used machinery market expected to grow from $132 Bn (2024) to $177 Bn (2029) at 6% CAGR
  • Used machines are 20-50% cheaper than new equipment
  • India's engineering exports stood at USD 109.3 bn in FY2024
  • Government support through RoDTEP incentives and Free Trade Agreements
  • Growth drivers include infrastructure boom, rental industry expansion, and digital marketplaces

Management and Governance

  • Mr. Anil Kumar Jain: Chairman & Executive Director (Promoter), 37+ years experience in construction equipment, logistics and mining sectors
  • Mr. Abhinav Jain: Managing Director & CEO (Promoter), leads international sales and expansion efforts
  • Executive Director & CFO: Chartered Accountant overseeing finance and accounts
  • Six-member Board with three independent directors
  • Approximately 140+ employees with specialized skills

Additional Information

  • Awarded 3-Star Export House status (2024)
  • IPO was subscribed 65 times with total application money of ₹7560 cr against IPO size of ₹116.15 cr
  • Listed on BSE & NSE with listing date 3rd October
  • Registered office in Raipur, Chhattisgarh
  • Storage yards near major ports (Navi Mumbai-Nhava Sheva and Dubai-Jebel Ali)