JNK India is an engineered combustion equipment and process plant specialist manufacturing process-fired heaters, reformers, cracking furnaces, flares and incinerators, while also supplying special fabricated equipment and offering solar PV EPC and hydrogen infrastructure solutions to refineries, petrochemicals, fertilizer, steel, chemical and pharma sectors across India and selective export markets.

The company reported strong operational momentum in 9M FY26 with consolidated revenue of Rs. 4,934 million, EBITDA of Rs. 590 million (12.0% margin) and PAT of Rs. 321.7 million, reflecting ~67% revenue growth and nearly two-fold PAT improvement year-on-year, driven by higher execution, order inflows and normalization of margins after legacy project closures.

JNK India’s order book stood at Rs. 17,611 million (9M FY26), dominated by heating solutions (~89.6%) and heavily concentrated domestically (~96.6%), providing multi-quarter revenue visibility while exposing the company to domestic project execution dynamics and customer approval/timing risks inherent in large EPC contracts.

Strategically significant is JNK Chemdist, a 51:49 JV focused on green hydrogen, ethanol-to-chemicals, carbon capture and advanced process plants; early revenues and a small order book (~Rs. 100 crore) were reported in Q3, indicating initial commercial traction and a pathway to technology-led, higher-margin opportunities over a multi-year horizon.

Operational strengths include a Mundra fabrication facility (5,000 MT installed capacity, ~20,243 sq.m), a design and R&D team of roughly 430 employees, multiple ISO and ASME certifications, and proven delivery on large-fired heater and reformer packages which underpin repeat client relationships and pipeline prospects such as Dangote, BPCL and Middle East opportunities.