JNK India IPO: The Good and The Bad

About the company

JNK India is a heating equipment manufacturer primarily catering to the oil and gas industry.

IPO details

Post IPO

Financial history

Key ratios

The Good

Support from promoter: JNK Global enjoys a 16% global market share and provides customers to JNK India.

The Good

High entry barriers: New entrants struggle to scale up owing to stringent quality standards and high switching costs.

The Bad

High working capital needs: In FY23, JNK India reported 105 working capital days, indicating that it is working capital intensive.

The Bad

High revenue concentration: The company generates most of its revenue from the oil and gas industry, making it vulnerable to a volatile business environment.

Risk report

Are earnings before tax of JNK India more than Rs 50 crore in the last 12 months? Yes. It reported a profit before tax of Rs 60.7 crore in the nine months ending December 2023.

To Read the Complete Story