Reasons to Buy JNK India | Research Report | Monarch Networth Capital Limited

Описание: MNCL Research: JNK India Ltd. : Reforming to fire: Initiating Coverage

Mcap: Rs18.2bn; CMP: Rs331; TP: Rs470; Upside: 42%; Rating: BUY
*As on 16th April 2025

Why read this report? Detail ground level checks on the expected projects in refinery and petrochemical space for next 6years, in domestic market and its implied demand for JNK India.

Investment thesis:
~ We initiate coverage on JNK India Ltd. (JNK) with a Buy and TP of Rs.470 (~42% upside). An established track record at most domestic refineries, approvals at large licensors, technical expertise and track record of the parent JNK Global and a one stop shop product portfolio, JNK India is constantly evolving with execution of larger projects & addition of new global licensors in new geographies like the US.

~ Further, our ground checks indicate that the projects announced by domestic refiners, especially in petrochemicals, along with the huge opportunities in the global market, are likely to drive strong growth in order booking.

~ A robust order book that secures strong growth for FY26, new set of order bookings which will set the growth path for FY27 & FY28, improving margins and return ratios will all drive re-rating in JNK India.

Detailed Report: https://bit.ly/JNKIC

Disclaimer: https://bit.ly/3Rz3km0
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