J. Kumar Infraprojects Limited (JKIL) AI Stock Analysis

• Market Cap: ₹38.50B
• Dividend Yield: 0.67%
• Average Volume (3M): 4.46K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.70
• Revenue Growth: 13.96%
• EPS Growth: 12.91%
• Country: IN
• Employees: 7,335
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 12.10
• Shares Outstanding: 75,665,504
• 10 Day Avg. Volume: 3,255
• 30 Day Avg. Volume: 4,460
• PEG Ratio: 0.72
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.90
• P/FCF Ratio: 36.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹715.00
• Price Target Upside: 19.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 55.73
• Revenue Forecast (FY): ₹58.38B

• Rating: 67 Neutral
• Price Target: ₹535.00 ▼(-10.76% Downside)
• Action: Downgraded Date: 11/26/25
• Date: Action: Downgraded 11/26/25

J. Kumar Infraprojects Limited's strong financial performance is the most significant factor, showcasing robust growth and efficient cash management. However, technical analysis indicates bearish momentum, which could pose short-term risks. The valuation is reasonable, providing some support to the stock's attractiveness.

Positive Factors

Robust income statement and margins

The company reports sustained revenue growth and healthy gross and operating margins, indicating durable operational efficiency. Strong EBIT/EBITDA and improving net margins support long-term profitability, reinvestment capacity and resilience across project cycles.

Strong cash generation and FCF

Consistent free cash flow growth and a high operating-cash-flow-to-net-income ratio point to reliable cash conversion from projects. This bolsters funding for working capital, capex and debt service, reducing reliance on external financing over the medium term.

Established EPC business across public infrastructure

A focused EPC model in metros, rail and urban infrastructure gives steady access to large, publicly funded projects. Specialization in government contracts supports a durable order pipeline and competitive positioning in long‑cycle infrastructure spending programs.

Negative Factors

High customer concentration in public-sector contracts

Heavy dependence on government and public-sector contracts concentrates revenue risk. Procurement timelines, policy shifts or budget reallocation can delay awards or payments, creating structural volatility in project starts and collections over quarters.

Modest top-line and EPS growth rates

Revenue and EPS growth are positive but modest, suggesting limited organic expansion speed. In a capital‑intensive sector, slower growth can constrain scale benefits, impede rapid margin improvement and make returns more dependent on large contract wins or price escalation.

Working-capital intensity and retention exposures

Project cash cycles include mobilization advances, retention and defect-liability obligations, creating extended working-capital needs and contingent outflows. This structural feature can strain liquidity during execution peaks and heighten reliance on timely billing and collections.

J. Kumar Infraprojects Limited Business Overview & Revenue Model

Company Description

J. Kumar Infraprojects Limited engages in the construction activities in India. The company executes contracts of various infrastructure projects, including transportation engineering, irrigation projects, civil construction, piling work, etc. Its transportation engineering projects include roads, metro, bridges, flyovers, subways, over bridges, skywalks, railway terminus/stations, etc.; civil construction projects comprise office and commercial buildings, sports complexes, hospitals, medical colleges, railway terminus and stations, swimming pools, etc., as well as residential buildings, such as housing societies, etc.; and irrigation projects, which include dams and canals. J. Kumar Infraprojects Limited was incorporated in 1980 and is based in Mumbai, India.

How the Company Makes Money

JKIL makes money mainly by bidding for and executing infrastructure construction contracts and recognizing revenue as project work is performed under those contracts. Its key revenue stream is contract/EPC revenue from civil construction and infrastructure projects (typically awarded by government departments, municipal/urban development authorities, metro/rail corporations, and other public-sector entities). Earnings are driven by (i) the value of its order book and the pace of project execution (billing tied to milestones, measured work, or percentage-of-completion depending on contract terms and accounting), (ii) margins earned between contract receipts and project delivery costs (materials, subcontracting, equipment, labor, design/engineering, and site overheads), and (iii) change orders/variation claims and escalation clauses where applicable (e.g., for quantities or input-cost changes, subject to contract provisions). Cash flows are also influenced by mobilization advances, retention monies, and performance/defect-liability obligations common in construction contracts. Information on specific customer concentration, named partnerships/joint ventures, or segment-wise revenue breakdown is null.

J. Kumar Infraprojects Limited Financial Statement Overview

Summary

J. Kumar Infraprojects Limited demonstrates strong financial health with significant revenue and profit growth, solid margins, and effective cash flow management. The company's leverage is moderate but manageable, supporting a positive financial outlook.

Income Statement

J. Kumar Infraprojects Limited shows a robust income statement with significant revenue growth over the years. The gross profit margin is healthy, indicating efficient cost management. The net profit margin has improved, reflecting better profitability. Both EBIT and EBITDA margins are strong, suggesting operational efficiency.

Balance Sheet

The company's balance sheet is stable, with a reasonable debt-to-equity ratio indicating moderate leverage. The return on equity is healthy, reflecting effective use of shareholder funds to generate profits. The equity ratio is solid, signifying a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals positive free cash flow growth, indicating good cash generation capability. The operating cash flow to net income ratio is strong, suggesting efficient conversion of profits into cash flows. The company maintains a solid free cash flow to net income ratio, underscoring robust cash flow management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	59.46B	56.93B	48.79B	42.03B	35.27B	25.71B
Gross Profit	12.47B	13.34B	11.59B	9.63B	12.52B	9.52B
EBITDA	8.94B	8.26B	7.32B	5.79B	5.29B	2.97B
Net Income	4.08B	3.91B	3.31B	2.74B	2.06B	639.15M
Balance Sheet
Total Assets	62.48B	56.65B	47.10B	43.56B	39.44B	36.45B
Cash, Cash Equivalents and Short-Term Investments	7.74B	7.52B	5.04B	4.85B	1.23B	575.79M
Total Debt	7.80B	7.04B	5.93B	5.47B	4.72B	5.67B
Total Liabilities	30.75B	26.58B	20.66B	20.16B	18.57B	17.58B
Stockholders Equity	31.74B	30.08B	26.44B	23.40B	20.87B	18.87B
Cash Flow
Free Cash Flow	246.76M	1.41B	1.21B	-490.72M	2.65B	2.38B
Operating Cash Flow	4.11B	3.76B	3.39B	1.83B	3.81B	3.69B
Investing Cash Flow	-3.66B	-3.06B	-1.95B	-1.86B	-913.13M	-1.11B
Financing Cash Flow	-342.68M	-1.05B	-1.05B	-428.01M	-2.24B	-2.71B

J. Kumar Infraprojects Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 599.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JKIL, the sentiment is Negative. The current price of 599.5 is above the 20-day moving average (MA) of 514.21, above the 50-day MA of 546.49, and below the 200-day MA of 624.23, indicating a bearish trend. The MACD of -16.32 indicates Negative momentum. The RSI at 45.30 is Neutral, neither overbought nor oversold. The STOCH value of 66.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JKIL.

J. Kumar Infraprojects Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASHOKA	72 Outperform	₹32.93B	0.56	―	―	-17.28%	43.34%
AHLUCONT	68 Neutral	₹50.07B	30.38	―	0.06%	5.56%	-22.59%
JKIL	67 Neutral	₹38.50B	13.34	―	0.67%	13.96%	12.91%
RAMKY	61 Neutral	₹33.47B	12.27	―	―	-15.09%	-15.98%
CAPACITE	58 Neutral	₹18.66B	10.65	―	―	15.23%	8.61%
SPMLINFRA	58 Neutral	₹12.94B	17.55	―	―	-35.16%	115.70%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%