John Cockerill India Ltd
John Cockerill India Limited, incorporated in 1986 as Flat Products Equipment India Ltd., became part of the Belgium-based John Cockerill Group in 2008 and is engaged in designing, manufacturing, and installing equipment such as cold-rolling mills, galvanising lines, pickling lines, and processing systems for ferrous and non-ferrous industries globally.[1]
Strengths
- +Company is almost debt free.
Weaknesses
- −Stock is trading at 13.2 times its book value
- −The company has delivered a poor sales growth of -0.76% over past five years.
- −Company has a low return on equity of 5.95% over last 3 years.
- −Company has high debtors of 226 days.
- −Promoter holding has decreased over last 3 years: -4.56%
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 70.44%▼4.6 | 70.44% |
| FIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| DIIs | 0.08% | 0%▼0.1 | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.9% | 24.98%▲0.1 | 24.98% | 24.97%▼0.0 | 24.98%▲0.0 | 24.97%▼0.0 | 29.54%▲4.6 | 29.53%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 191.56 | 253.9 | 147.06 | 93.29 | 76.04 | 72.34 | 76.42 | 82.12 | 96.98 | 102.07 |
| Expenses | 185.4 | 241.18 | 142.3 | 92.71 | 84.68 | 72.82 | 76.86 | 80.19 | 85.66 | 91.96 |
| Operating Profit | 6.16 | 12.72 | 4.76 | 0.58 | -8.64 | -0.48 | -0.44 | 1.93 | 11.32 | 10.11 |
| OPM % | 3.22% | 5.01% | 3.24% | 0.62% | -11.36% | -0.66% | -0.58% | 2.35% | 11.67% | 9.9% |
| Net Profit | 6.98 | 10.32 | 3.62 | -0.03 | -7.5 | -1.47 | -0.75 | 1.72 | 8.92 | 0.42 |
| EPS ₹ | 14.14 | 20.9 | 7.33 | -0.06 | -15.19 | -2.98 | -1.52 | 3.48 | 18.06 | 0.85 |
AI Insights
Dec 2025 revenue at ₹358Cr, down 8% YoY. OPM at 6%.
Borrowings at ₹5Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
CWIP at ₹1Cr (2% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 0% (+0.00pp change). FIIs: 0.02% (+0.02pp change). Promoters hold 70.44%.
ROCE improving from 5% (Mar 2016) to 12% (Dec 2025). Working capital days: -81.
PE 137x with 12.2% ROCE. Price is 1222% above book value of ₹426. Dividend yield: 0.13%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 2d - JSW Steel Coated Products awards ₹440-470 crore contract for pickling line, cold rolling mill and galvanising line by June 2028.
- Update on board meeting 13 May - Board meeting on May 18, 2026 to consider fund raising via equity, debt or related instruments.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 May - Please find attached intimation under reg 30 of SEBI LODR Regulations with respect to Investors Meet.
- Board Meeting Intimation for Consideration Of Un-Audited Financial Results (Standalone & Consolidated) For The Quarter Ended March 31, 2026 11 May - Board meeting on May 18, 2026 to approve Q4 FY26 unaudited standalone and consolidated results.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 15 Apr - JSW Steel Coated Products awarded a ₹300 crore CGL#3 contract, executable by May 2028.
- Financial Year 2024 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse