Jinkushal Industries (JKI), a major exporter of refurbished heavy construction equipment, plans to tap the capital market for raising over ₹100 crore through initial public offering.
JKI imports new and used heavy equipment machines from across globe and customise them to customer need before selling it in the domestic market and exporting them to over 35 countries.
The machinery includes construction and infrastructure sector vehicles such as excavators, dozers, backhoe loaders, loaders, graders, rollers, cranes and piling rigs among others from leading brands such as CAT, Caterpillar, JCB, Soilmec, Case and Dynapac.
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As per industry sources, JKI is the largest non-OEM exporter of Construction Equipment in India.
Initially, the company had started with mining business, warehousing, leasing, evolved gradually. In 2017, JKI ventured into used and new construction equipment exports and import.
Founded by Anil Kumar Jain, the Jinkushal Industries Group is a diversified conglomerate operating in machinery, mining and logistics.
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The proposed issue consists of fresh equity sale of ₹350 crore and an offer-of-sale for an additional ₹350 crore
The company’s operating income remained stable at ₹238 crore in FY’24 against ₹231 crore in FY’23. In H1 FY’25, the company achieved a revenue of ₹98 crore.
The operating margin doubled to 10 per cent in FY’24 against 5 per cent in FY’23, primarily due to a reduction in material costs and adjustments in payment policies. The PAT margin also increased to 7 per cent last fiscal against 4.35 per cent in FY’23.
The company has incorporated a subsidiary named Hexco Global FZCO in UAE last fiscal to boost global expansion. The company has recently launched proprietary Brand of Construction Equipment under the name of HexL.
