John Cockerill
COCKERILL NSE
John Cockerill
Capital GoodsNSE: COCKERILL BSE: 500147 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹3,881 Cr
Volatility
Moderate
P/E Ratio
343.73
EBITDA
₹31.90 Cr
Return on Equity
4.91%
Debt to Equity
0
Book Value
₹-193.75
52W High
₹10,871.5
52W Low
₹4,955
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company is expected to give good quarter
Weaknesses
6- Stock is trading at 19.2 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 5.60% over last 3 years.
- Company has high debtors of 226 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -4.56%
Growth Rate
Revenue Growth
-6.86% lower than
3Y
Net Income Growth
-291% lower than
3Y
Cash Flow Change
340% lower than
3Y
ROE
-283% lower than
3Y
ROCE
-399% lower than
3Y
EBITDA Margin (Avg.)
—
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk high
John Cockerill India Ltd has a market cap of ₹4,405 Cr with a negative trailing PE of -151.4 and an extremely elevated price-to-book ratio of 894.7x. The company is almost debt-free and reported a TTM sales growth of 51% alongside a 382% TTM profit surge, but its longer-term sales CAGR over 5 years remains negative at -1%.
Bull Case 8
- TTM revenue growth of 51% signals a strong near-term demand recovery after years of stagnation
- TTM profit growth of 382% indicates a sharp turnaround in operational performance
- Company is almost debt-free, providing financial flexibility and low interest burden
- Last year ROE improved to 9%, up from a 3-year average of 6%, showing improving capital efficiency
- 3-year compounded profit growth of 27% outpaces the 3-year sales CAGR of -2%, reflecting margin expansion
- Stock has delivered a 1-year CAGR of 158%, reflecting strong market momentum and re-rating
- 10-year compounded profit growth of 16% demonstrates long-term earnings compounding capability
- Company is expected to deliver a good upcoming quarter based on available operational indicators
Bear Case 8
- Stock trades at 21x book value (PB of 894.7 per screener, 21x per known cons), an extreme premium leaving minimal margin of safety
- 5-year compounded sales growth is negative at -0.76%, reflecting persistent revenue challenges over a longer cycle
- Debtor days stand at 226, indicating significant working capital stress and potential collection risk
- 3-year ROE averages only 5.6%, well below the cost of equity for most industrial companies
- Promoter holding has declined by 4.56% over the last 3 years, signalling potential dilution of promoter confidence
- Trailing PE is negative at -151.4, meaning the company is not yet consistently profitable on a reported basis
- 5-year compounded profit growth is negative at -6%, showing the recent turnaround lacks a sustained track record
- Dividend yield of just 0.08% offers negligible income return relative to the stock's elevated valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago Positives 2
- INR 90 Cr order from JSW Jun 19
John Cockerill secured an order worth INR 85-90 Cr from JSW JFE Electrical Steel Nashik Pvt Ltd for manufacturing and supplying tunnel furnace packages.
- Final dividend of INR 7/share Jun 25
John Cockerill declared a final dividend of INR 7.00 per share for FY25 at its 40th AGM, signaling confidence in cash flows.
TL;DR: John Cockerill is showing steady execution with a meaningful INR 85-90 Cr order win in the steel processing equipment space and rewarding shareholders with a INR 7/share dividend. No visible headwinds in recent news flow. The order pipeline and capital goods cycle tailwinds suggest a constructive near-term outlook, though limited news makes it hard to assess broader momentum.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 221 | 192 | 254 | 147 | 93.29 | 76.04 | 72.34 | 76.42 | 82.12 | 96.98 | 102 | 200 | 149 |
| Expenses | 214 | 185 | 241 | 142 | 92.71 | 84.68 | 72.82 | 76.86 | 80.19 | 85.66 | 91.96 | 189 | 153 |
| Operating Profit | 7.19 | 6.16 | 12.72 | 4.76 | 0.58 | -8.64 | -0.48 | -0.44 | 1.93 | 11.32 | 10.11 | 11.41 | -3.4 |
| OPM % | 3.25% | 3.22% | 5.01% | 3.24% | 0.62% | -11.36% | -0.66% | -0.58% | 2.35% | 11.67% | 9.9% | 5.7% | -2.28% |
| Other Income | 0.68 | 2.95 | 2.55 | 1.75 | 1.49 | 0.52 | 1.12 | 1.35 | 2.57 | 2.44 | -8.74 | 5.19 | 2.06 |
| Interest | 0.74 | 0.48 | 1.11 | 0.46 | 0.53 | 0.46 | 0.84 | 0.42 | 0.65 | 0.29 | 1.67 | 5.14 | 4.07 |
| Depreciation | 1.34 | 1.25 | 1.26 | 1.33 | 1.55 | 1.47 | 1.62 | 1.51 | 1.53 | 1.55 | 1.56 | 1.56 | 1.68 |
| PBT | 5.79 | 7.38 | 12.9 | 4.72 | -0.01 | -10.05 | -1.82 | -1.02 | 2.32 | 11.92 | -1.86 | 9.9 | -7.09 |
| Tax % | 25.04% | 5.42% | 20% | 23.09% | 100% | -25.37% | -18.68% | -26.47% | 25.86% | 25.08% | -122.58% | 29.19% | -35.4% |
| Net Profit | 4.34 | 6.98 | 10.32 | 3.62 | -0.03 | -7.5 | -1.47 | -0.75 | 1.72 | 8.92 | 0.42 | 7.01 | -4.58 |
| EPS in Rs | 8.79 | 14.14 | 20.9 | 7.33 | -0.06 | -15.19 | -2.98 | -1.52 | 3.48 | 18.06 | 0.85 | 14.2 | -9.28 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 9m | Mar 2024 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 205 | 153 | 305 | 496 | 372 | 198 | 383 | 484 | 667 | 389 | 389 | 358 | 548 |
| Expenses | 201 | 153 | 300 | 465 | 348 | 225 | 369 | 475 | 640 | 393 | 392 | 335 | 519 |
| Operating Profit | 4 | 0 | 5 | 32 | 23 | -27 | 14 | 9 | 27 | -4 | -4 | 23 | 29 |
| OPM % | 2.1% | 0% | 1.7% | 6% | 6% | -13% | 3.6% | 1.9% | 4% | -1% | -0.9% | 6% | 5% |
| Other Income | 23 | 14 | 15 | 21 | 14 | 2 | 2 | 14 | 6 | 5 | 5 | -2 | 1 |
| Interest | 2 | 1 | 1 | 0 | 3 | 0 | 7 | 2 | 2 | 2 | 2 | 3 | 11 |
| Depreciation | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 6 | 6 | 6 | 6 |
| PBT | 20 | 8 | 13 | 47 | 29 | -30 | 4 | 16 | 26 | -7 | -7 | 11 | 13 |
| Tax % | 33% | 26% | 49% | 25% | 18% | -4% | -5% | 20% | 17% | -25% | -25% | 9% | — |
| Net Profit | 13 | 6 | 7 | 35 | 24 | -29 | 5 | 13 | 22 | -5 | -5 | 10 | 12 |
| EPS in Rs | 26.57 | 11.73 | 13.61 | 71.08 | 48.1 | -58.85 | 9.4 | 26.1 | 43.83 | -10.9 | -10.9 | 20.88 | 23.83 |
| Div. Payout % | 0% | 0% | 29% | 14% | 10% | 0% | 21% | 19% | 16% | 0% | -64% | 34% | — |
Balance Sheet
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | — | 5 | 5 |
| Reserves | 146 | 147 | 153 | 186 | 202 | 170 | 175 | 187 | 206 | — | 196 | 205 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — | 5 | 5 |
| Other Liabilities | 133 | 128 | 257 | 397 | 243 | 283 | 160 | 658 | 615 | — | 372 | 470 |
| Total Liabilities | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | — | 578 | 685 |
| Fixed Assets | 68 | 63 | 60 | 60 | 58 | 54 | 51 | 50 | 53 | — | 57 | 57 |
| CWIP | 1 | 0 | 2 | 1 | 1 | 0 | 1 | 2 | 1 | — | 5 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Other Assets | 214 | 217 | 353 | 528 | 392 | 404 | 289 | 799 | 774 | — | 516 | 627 |
| Total Assets | 284 | 280 | 415 | 588 | 451 | 458 | 340 | 851 | 828 | — | 578 | 685 |
Cash Flow
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -10 | 60 | 90 | -38 | -58 | -21 | 26 | 71 | 17 | — | -66 | 159 |
| Investing | 19 | 1 | -29 | 26 | 0 | 2 | -19 | -7 | 10 | — | 2 | -81 |
| Financing | -27 | 0 | 0 | -2 | -6 | -3 | 0 | -1 | -3 | — | -5 | -2 |
| Net Cash Flow | -18 | 61 | 60 | -14 | -64 | -22 | 7 | 62 | 24 | — | -69 | 75 |
| Free Cash Flow | 4 | 61 | 85 | -43 | -60 | -22 | 24 | 66 | 14 | — | -77 | 156 |
| CFO/OP | -102 | -96,300 | 1,737 | -89 | -247 | 76 | 197 | 803 | 78 | — | 1,783 | 710 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 217 | 98 | 108 | 79 | 76 | 235 | 115 | 101 | 115 | — | 184 | 226 |
| Inventory Days | 74 | 99 | 26 | 13 | 25 | 40 | 13 | 26 | 14 | — | 31 | 36 |
| Days Payable | 212 | 192 | 99 | 91 | 160 | 319 | 99 | 305 | 234 | — | 216 | 328 |
| Cash Conversion Cycle | 79 | 5 | 35 | 1 | -59 | -44 | 29 | -179 | -106 | — | -1 | -66 |
| Working Capital Days | 132 | 10 | -39 | 0 | 50 | 143 | 40 | -1 | -31 | — | 22 | -85 |
| ROCE % | 5% | 5% | 10% | 27% | 16% | -15% | 9% | 10% | 14% | — | -2% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view John Cockerill insights
44 extracted metrics + investor summaries across FY16–FY26.
Documents
1
Board Meeting Intimation for Consideration Of Un-Audited Financial Results (Standalone & Consolidated) For The Quarter Ended March 31, 2026
11h - Board meeting on May 18, 2026 to approve Q4 FY26 unaudited standalone and consolidated results. 11h - Board meeting on May 18, 2026 to approve Q4 FY26 unaudited standalone and consolidated results.
2
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. 15 Apr - JSW Steel Coated Products awarded a ₹300 crore CGL#3 contract, executable by May 2028.
3
Announcement under Regulation 30 (LODR)-Credit Rating
11 Apr - CARE reaffirmed JCIL’s BBB/A3+ ratings, placing them on watch after JCMI acquisition completion and ₹320 crore consideration. 11 Apr - CARE reaffirmed JCIL’s BBB/A3+ ratings, placing them on watch after JCMI acquisition completion and ₹320 crore consideration.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026. 9 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Credit Rating
2 Apr - CARE reaffirmed JCIL ratings on watch after completing JCMI acquisition for EUR 29.6 million, effective January 1, 2026. 2 Apr - CARE reaffirmed JCIL ratings on watch after completing JCMI acquisition for EUR 29.6 million, effective January 1, 2026.
Frequently Asked Questions about John Cockerill
What does John Cockerill India Ltd do?
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 processin...
Where is John Cockerill India Ltd (500147) listed?
John Cockerill India Ltd trades as COCKERILL on the NSE and under code 500147 on the BSE.
Which sector does John Cockerill India Ltd belong to?
John Cockerill India Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of John Cockerill India Ltd?
John Cockerill India Ltd has a market capitalisation of ₹3,881 Cr, which places it in the Small Cap band.
What is the PE ratio of John Cockerill India Ltd?
John Cockerill India Ltd trades at a PE ratio of 343.73, against a book value of ₹-193.75 per share.
What is the 52-week high and low of John Cockerill India Ltd?
Over the last 52 weeks John Cockerill India Ltd has traded between ₹4,955 and ₹10,871.5.
Does John Cockerill India Ltd pay dividends?
John Cockerill India Ltd has a dividend yield of 0.09%.
What is the Return on Equity (ROE) of John Cockerill India Ltd?
John Cockerill India Ltd reported a return on equity of 4.91%. Its debt-to-equity ratio is 0.00.
Company Information
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]
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