J. Kumar Infraprojects Limited (JKIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+112.3%

₹858.93

vs ₹404.60 price

Levered DCF

₹1,171.55

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	8.36×	13.17×	15.18×	7.02×	6.13×	22.92×	3.1×	6.82×
P/B	0.96×	1.71×	1.9×	0.82×	0.61×	0.78×	0.31×	0.72×
P/S	0.57×	0.9×	1.03×	0.46×	0.36×	0.57×	0.19×	0.43×
EV / EBITDA	4.09×	7×	6.97×	4.16×	3.07×	6.7×	2.9×	4.13×
Gross margin	12.7%	23.4%	23.8%	22.9%	35.5%	37.0%	38.3%	37.6%
Operating margin	11.0%	14.5%	11.0%	10.5%	10.3%	6.7%	10.2%	12.0%
Net margin	6.8%	6.9%	6.8%	6.5%	5.8%	2.5%	6.2%	6.4%
Current ratio	1.62×	1.75×	1.81×	1.59×	1.55×	1.37×	1.4×	1.37×
Debt / equity	0.18×	0.23×	0.22×	0.23×	0.23×	0.3×	0.4×	0.41×
Interest coverage	3.74×	5.33×	4.33×	4.46×	3.62×	1.65×	3.1×	3.56×
Dividend yield	0.9%	0.6%	0.5%	1.2%	0.6%	0.6%	3.6%	1.5%
Payout ratio	7.8%	7.7%	8.0%	8.3%	3.7%	14.8%	11.2%	10.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.5%	13.0%	12.5%	11.7%	9.9%	3.4%	10.0%	10.6%
Return on invested capital	10.8%	15.3%	11.7%	10.9%	9.9%	5.0%	9.2%	10.4%
Return on assets	6.2%	6.9%	7.0%	6.3%	5.2%	1.8%	5.0%	5.1%
Free cash flow yield	8.5%	2.7%	2.4%	-2.5%	21.0%	16.3%	14.5%	-3.0%
Earnings yield	12.0%	7.6%	6.6%	14.3%	16.3%	4.4%	32.2%	14.7%
Enterprise value	₹36.5B	₹57.9B	₹51.1B	₹24.1B	₹16.2B	₹19.9B	₹12.4B	₹18.3B
Net debt / EBITDA	0.47×	0.77×	0.12×	0.83×	0.68×	1.76×	1.57×	1.4×
Cash conversion cycle (days)	57	68	120	122	115	122	117	200