JNK India is a heating equipment manufacturer primarily catering to the oil and gas industry.
Support from promoter: JNK Global enjoys a 16% global market share and provides customers to JNK India.
High entry barriers: New entrants struggle to scale up owing to stringent quality standards and high switching costs.
High working capital needs: In FY23, JNK India reported 105 working capital days, indicating that it is working capital intensive.
High revenue concentration: The company generates most of its revenue from the oil and gas industry, making it vulnerable to a volatile business environment.
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.