Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹2,377Cr
Aerospace & Defence - Equipments
Rev Gr TTM
Revenue Growth TTM
90.00%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

JAYKAY
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 269.3 | -29.7 | -39.1 | -43.6 | 190.4 | 146.6 | 278.5 | 188.2 | -63.5 | 223.5 | 104.7 | 176.0 |
| 10 | 6 | 6 | 7 | 30 | 16 | 29 | 20 | 16 | 49 | 52 | 48 |
Operating Profit Operating ProfitCr |
| 5.7 | 10.2 | 31.9 | 5.7 | 0.5 | 8.2 | 5.0 | 6.3 | -43.6 | 12.4 | 17.5 | 20.1 |
Other Income Other IncomeCr | 1 | 1 | 2 | 3 | 7 | 6 | 2 | 4 | 6 | 22 | 6 | 2 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 2 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 4 | 4 | 4 |
| 1 | 1 | 2 | 1 | 6 | 5 | 1 | 3 | -2 | 24 | 11 | 9 |
| 3 | 0 | -1 | 0 | 1 | 0 | 1 | -2 | 2 | 3 | 2 | 2 |
|
Growth YoY PAT Growth YoY% | -6,533.3 | 640.0 | 470.2 | -92.6 | 345.7 | 579.7 | -84.3 | 648.6 | -190.2 | 301.6 | 1,619.6 | 25.8 |
| -19.3 | 10.7 | 39.9 | 9.6 | 16.3 | 29.4 | 1.7 | 24.8 | -40.2 | 36.4 | 13.9 | 11.3 |
| -0.2 | 0.1 | 0.2 | 0.1 | 0.5 | 0.4 | 0.1 | 0.8 | -0.5 | 1.6 | 0.7 | 0.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 0.0 | 0.0 | 1.2 | 0.7 | 0.0 | 3,374.5 | 338.8 | 12.2 | 53.1 | 134.9 |
| 4 | 4 | 5 | 6 | 6 | 5 | 12 | 45 | 49 | 81 | 164 |
Operating Profit Operating ProfitCr |
| -1,321.3 | -1,375.6 | -1,570.5 | -1,739.5 | -1,783.9 | -1,598.7 | -11.8 | 4.8 | 7.4 | -0.6 | 13.3 |
Other Income Other IncomeCr | 12 | 6 | 6 | 8 | 5 | 31 | 20 | 11 | 13 | 18 | 35 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 6 | 6 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 5 | 13 |
| 8 | 2 | 1 | 3 | -1 | 26 | 18 | 11 | 10 | 7 | 41 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 0 | 10 |
|
| | -77.1 | -32.6 | 122.9 | -121.0 | 4,964.6 | -32.4 | -53.0 | 16.1 | -25.3 | 336.8 |
| 2,440.3 | 559.0 | 376.9 | 830.6 | -173.7 | 8,448.4 | 164.3 | 17.6 | 18.2 | 8.9 | 16.5 |
| 2.0 | 0.5 | 0.6 | -0.8 | -0.1 | 5.4 | 2.1 | 0.8 | 0.9 | 0.8 | 2.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 12 | 12 |
| 68 | 84 | 85 | 64 | 55 | 92 | 111 | 131 | 173 | 447 | 464 |
Current Liabilities Current LiabilitiesCr | 2 | 2 | 3 | 2 | 4 | 4 | 12 | 49 | 57 | 106 | 133 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 45 | 17 | 20 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 40 | 38 | 39 | 36 | 35 | 53 | 54 | 136 | 144 | 383 | 422 |
Non Current Assets Non Current AssetsCr | 34 | 52 | 53 | 33 | 28 | 50 | 78 | 69 | 154 | 224 | 233 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -11 | -4 | 0 | 5 | 1 | -2 | -25 | -32 | 0 |
Investing Cash Flow Investing Cash FlowCr | 7 | 6 | 0 | -6 | 13 | -22 | -3 | -27 | -105 |
Financing Cash Flow Financing Cash FlowCr | 0 | 0 | 0 | 0 | 9 | 9 | 32 | 62 | 110 |
|
Free Cash Flow Free Cash FlowCr | -11 | -4 | 0 | 5 | -4 | -14 | -35 | -51 | -49 |
| -637.8 | -377.6 | -1.1 | -970.6 | 4.2 | -8.7 | -297.1 | -331.1 | -6.8 |
CFO To EBITDA CFO To EBITDA% | 259.2 | 90.6 | 0.5 | -94.5 | -22.2 | 121.0 | -1,096.9 | -816.4 | 104.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 15 | 32 | 21 | 22 | 11 | 164 | 288 | 232 | 686 | 1,536 |
Price To Earnings Price To Earnings | 2.0 | 18.7 | 18.6 | 8.6 | 0.0 | 6.3 | 16.9 | 32.8 | 79.9 | 220.3 |
Price To Sales Price To Sales | 48.6 | 106.5 | 71.4 | 70.3 | 35.2 | 530.5 | 26.9 | 5.0 | 13.0 | 19.1 |
Price To Book Price To Book | 0.2 | 0.4 | 0.2 | 0.3 | 0.2 | 1.7 | 2.5 | 1.7 | 3.8 | 3.4 |
| 2.8 | -3.1 | -0.2 | -0.1 | 3.0 | -24.6 | -198.7 | 96.9 | 188.2 | -3,068.5 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 30.8 | 24.0 | 37.9 | 38.8 |
| -1,321.3 | -1,375.6 | -1,570.5 | -1,739.5 | -1,783.9 | -1,598.7 | -11.8 | 4.8 | 7.4 | -0.6 |
| 2,440.3 | 559.0 | 376.9 | 830.6 | -173.7 | 8,448.4 | 164.3 | 17.6 | 18.2 | 8.9 |
| 10.8 | 2.3 | 1.8 | 4.1 | -0.9 | 26.9 | 15.1 | 7.5 | 6.1 | 2.7 |
| 10.4 | 1.9 | 1.3 | 3.8 | -0.9 | 26.9 | 15.1 | 6.1 | 5.4 | 1.6 |
| 10.1 | 1.9 | 1.2 | 3.6 | -0.8 | 25.3 | 13.3 | 4.0 | 3.2 | 1.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Jaykay Enterprises Limited (JKE) is a part of the 140-year-old **JK Group**, a diversified Indian conglomerate. Since 2020, JKE has undergone a strategic transformation, shifting from its legacy businesses in synthetic fibers and registrar services to emerge as a **technology-driven enterprise focused on Defence & Aerospace, Digital Manufacturing, and AI-powered Digital Services**. The company’s repositioning aligns with national priorities such as ‘Make in India’, ‘Atma Nirbhar Bharat’, and India’s growing digital and defence industrial base.
JKE operates through a diversified portfolio of subsidiaries, joint ventures, and associates, structured around three core verticals:
1. **Defence & Aerospace**
2. **Digital Manufacturing & Advanced Systems (Additive Manufacturing, 3D Printing, Reverse Engineering)**
3. **Digital Services (AI, Data Transformation, Cloud Engineering)**
As of September 2025, JKE has **10 subsidiaries, 1 associate, and 1 joint venture (LLP)**, reflecting its structured and scalable growth strategy.
---
### **Key Business Segments & Strategic Developments**
#### **1. Defence & Aerospace**
JKE has established a strong foothold in India’s strategic sectors through precision engineering and composite technologies:
- **Core Capabilities**: Precision machining, composites manufacturing (e.g., rocket launcher tubes, underwater mines), systems integration, and production of critical components for missile programs, aerospace platforms, naval systems, and space technology.
- **Key Clients & Programs**: Supplies to **ISRO, HAL, BEL, DRDO, BDL, GTRE, and TATA Advanced Systems**.
- Notable project: Supply of **brackets for ISRO’s satellite landing system**.
- **Subsidiaries**:
- **JK Defence & Aerospace Limited (JKDAL)**: Fully owned, incorporated July 2023, focuses on precision-turned components and engineering goods for defence and aerospace.
- **Allen Reinforced Plastics (ARP)**: A step-down subsidiary acquired via JKDAL, with **92.92% stake held as of June 2024**. Over 32 years of experience in defense manufacturing, including **Pinaka, Akash, BrahMos, and SMILE missile programs**.
- **Expansion**:
- Acquired 5 acres in **Devanahalli, Karnataka**, for a new manufacturing facility.
- Land also allocated in the **UP Defence Corridor (Lucknow)** for a greenfield composite products unit.
- New aerospace facility under development in **Bengaluru**.
#### **2. Digital Manufacturing & Advanced Systems**
JKE is a leader in **Industry 4.0-enabled digital engineering and additive manufacturing**:
- **Subsidiaries**:
- **JK Digital & Advanced Systems Private Limited**: Incorporated July 2023; focuses on 3D printing, R&D, and digital manufacturing under the 'JK' brand.
- **Neumesh Labs Private Limited**: 70% owned JKE-EOS joint venture; operates a **Centre of Excellence (CoE)** in Bengaluru with industrial-grade **EOS 3D printing** technology.
- **Nebula3D Services Private Limited** (associate): Offers **3D scanning, reverse engineering, plant modelling**, and digital design to aerospace, automotive, oil & gas sectors; ISO 9001:2015 certified.
- **Key Offerings**:
- Proprietary 3D printer: **JK Print 300** (polymer), launched at IMTEX 2023.
- **JKPM3 Series Powder Management System** for efficient metal 3D printing.
- Software brand **‘Digipack’**: Provides design tools, simulation, and integration for industrial 3D applications.
- **Centres of Excellence (CoE)**:
- Being set up in Bengaluru to serve as hubs for R&D, client prototyping, and innovation.
- **Technology Partnerships**:
- **EOS (Germany)**: Global leader in industrial 3D printing; key partner in metal and polymer printing.
- **Phillips Corporation (USA)**: JV to explore **CNC machine manufacturing** and workforce skilling.
#### **3. Digital Services (via JK Technosoft Limited – JKTL)**
JKTL, a **material subsidiary** of JKE (99.07% owned after 2025 acquisition), is a **Gen AI and data services powerhouse**, driving digital transformation:
- **Core Business**: Data transformation, cloud engineering, AI/ML, hyper-automation, ERP/CRM (SAP, QAD), and generative AI.
- **Flagship Product**: **JIVA** – an enterprise-grade **Generative AI platform** that enables **autonomous workflows**, decision intelligence, and AI-ready data pipelines.
- **MDM Studio**: Master Data Management platform that cleanses, integrates, and governs fragmented enterprise data for **AI readiness**.
- **Sectors Served**: **Insurance & Financial Services (BFSI), Retail, Consumer Packaged Goods (CPG)**.
- **Clientele**: Includes **Unilever, Thermo Fisher, Belden, Specsavers, Menards**.
- **Global Presence**:
- Subsidiaries in **USA (JK Tech US Inc)**, **UK (JK Technosoft UK Ltd)**, **Netherlands**, and **Bangladesh**.
- **Strategic Partnerships**:
- **Google Cloud** and **AWS**: To deliver scalable, cloud-native AI solutions.
- **Inveniam**: Collaboration to transform **private market investments** using **AI + Blockchain** for data transparency and real-time processing.
- **Leadership**: **Sameer Nagpal**, President & CEO (since Apr 2025), bringing 25+ years of global digital transformation experience.
- **Performance** (Q2 FY25–26): **7% YoY revenue growth**, EBITDA margin maintained at **20%**, highlighting operational efficiency.
- **Recognition**:
- **Silver Globee® Award** – “Company of the Year in Artificial Intelligence”.
- Featured in **Everest Group PEAK Matrix®** for AI-driven data and analytics.
---
### **Strategic Growth Initiatives**
#### **Expansion into Healthcare & MedTech**
- Leveraging additive manufacturing and digital design to enter **medical technology** sector.
- Launched **customized, patient-specific implants** for **orthopedic and dental applications** using **biocompatible 3D printing**.
- First medical implant trials planned in **Vapi (Gujarat)** by March 2025, with expansion into **Meril Lifesciences** facility using state-of-the-art 3D metal printers.
- Represents a new **high-margin, socially impactful growth pillar**.
#### **Digital Transformation for MSMEs**
- Secured a **turnkey digital transformation contract** with **Phillips Corporation, USA**, aimed at capacity building for MSMEs in India.
- Supports national vision of **‘Viksit Bharat’ (Developed India)** and enhances JKE’s role as a technology enabler.
#### **Acquisitions & Consolidation**
- Raised **₹1,461.44 crore** through a rights issue (Sep 2025), demonstrating strong **shareholder confidence**.
- Acquired **97.48% of JK Technosoft**, consolidating its digital capabilities and financial footprint.
- Merged **Silvergrey Engineers** into JKE (Jan 2024), making defence a standalone division.
- Consolidates promoters' businesses under one umbrella to **unlock synergies and shareholder value**.
---
### **Financial & Operational Highlights**
- **FY2024 Revenue Mix**:
- **Digital & Advanced Systems**: 64.82%
- **Defence & Aerospace**: 35.18%
- **Defence Segment Growth**: Revenue surged from ₹327.65 lakhs (FY23) to ₹1,852.82 lakhs (FY24).
- **Digital Services (JKTL)**: Strong margins (20% EBITDA), growing international traction, especially in **US and UK/Europe**.
---
### **Technology & Innovation**
- Invested heavily in **indigenous R&D** with in-house CoEs and collaborative innovation.
- Focused on reducing dependency through **‘Make in India’** compliant product development.
- **JK Print 300** and **JKPM3** exemplify homegrown innovation.
- Partnering with global leaders (EOS, Google Cloud, AWS) to **leverage cutting-edge global technology** while building local capacity.
---
### **Leadership & Governance**
- **Mr. Abhishek Singhania**: **Promoter, Chairman & Managing Director**.
- Co-founded JK Technosoft and spearheaded defence and digital transformation strategies.
- 140+ years of group legacy across textiles, chemicals, cement, and now advanced tech.
- Promoter group driving strategic acquisitions and vertical integration.