Jaykay Enterprises Limited (JAYKAY)
₹216.88 +0.07% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Jaykay Enterprises' revenue was ₹74.6 Cr, and net profit ₹4.5 Cr; the operating margin was 14.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹74.6 | — | +21.9% |
| Operating profit | ₹10.6 | from loss | from loss |
| Net profit | ₹4.5 | — | -97.5% |
| EPS (₹) | 0.35 | — | -97.3% |
| Operating margin | 14.2% | — | — |
JAYKAY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 44.62% of the JAYKAY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 36.58%. That is close to its usual level. Volume was 0.1 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 40.3% · 41.0% · 35.3% · 48.5% · 44.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Jaykay Enterprises has executed a loan agreement on October 08, 2026, granting an unsecured inter-corporate deposit of up to ₹100 crore to its wholly owned subsidiary, JK Defence & Aerospace Limited. The loan carries an interest rate of 10% per annum for a tenure of 3 years and will be disbursed in one or more tranches. This ₹100 crore facility represents ~38.6% of Jaykay's TTM revenue of ₹259 crore, signaling strong intra-group funding support to scale up its defense and aerospace vertical.
- Loan facility of up to ₹100,00,00,000 (₹100 crore) granted to wholly owned subsidiary JK Defence & Aerospace Limited
- Interest rate fixed at 10% per annum with a tenure of 3 years
- Facility provided as an unsecured Inter-Corporate Deposit in one or more tranches
- Total existing outstanding loans between the parties prior to this agreement stood at Nil
Jaykay Enterprises Limited has infused ₹25.00 crore into its wholly owned subsidiary, JK Defence & Aerospace Limited, through the subscription of 25,00,000 preference shares of ₹100 each via a rights issue. The subsidiary has not yet commenced commercial operations and currently reports zero turnover. The capital deployment represents ~9.65% of Jaykay's TTM revenue (₹259 crore) and is funded using the net proceeds from the company's recent Rights Issue as per its Letter of Offer dated August 25, 2026. Jaykay continues to hold 100% ownership in the subsidiary.
- Infused ₹25.00 crore in cash for 25,00,000 preference shares at ₹100 face value
- Target entity JK Defence & Aerospace Limited reports nil turnover and is yet to commence operations
- Proceeds utilized from the company's Rights Issue dated August 25, 2026
- Shareholding remains unchanged at 100% wholly owned subsidiary status
Jaykay Enterprises has subscribed to 2,00,000 preference shares of face value ₹100 each in its wholly owned subsidiary, JK Digital & Advance Systems Private Limited, for ₹2.00 crore. The capital infusion is funded out of net proceeds from its August 2024 Rights Issue pursuant to shareholder approvals. JK Digital, which focuses on 3D printing and advanced systems, reported a turnover of ₹47.49 lakh in FY26. The investment represents under 1% of Jaykay's TTM revenue (₹259 crore) and keeps its shareholding unchanged at 100%.
- Acquired 2,00,000 preference shares of face value ₹100 each for ₹2,00,00,000
- Target is wholly owned subsidiary JK Digital & Advance Systems Private Limited, keeping shareholding unchanged at 100%
- Target entity reported a turnover of ₹47.49 Lakhs for FY 2025-26
- Funded via cash using net proceeds from the company's Rights Issue dated August 17, 2024
Jaykay Enterprises reported voting results for its Annual General Meeting held on September 29, 2026. All 13 resolutions, which included the adoption of FY26 financial statements, the re-appointment of Chairman & MD Abhishek Singhania, and multiple material related-party transactions (RPTs), passed with requisite majorities. Out of 130,287,066 total outstanding shares, 92,881,552 votes were polled on ordinary business (71.29% turnout), passing with over 99.99% approval. Key approvals included RPTs with subsidiaries and affiliates including J K Technosoft Limited, Diensten Tech, and Nebula3D Services.
- All 13 ordinary resolutions passed with requisite majority at the AGM held on September 29, 2026
- 71.29% voter turnout recorded on the resolution adopting FY26 standalone and consolidated financial statements
- Abhishek Singhania re-appointed as Chairman & Managing Director with 99.9997% votes in favour among 48,961,141 polled votes
- Shareholders approved material related-party transactions involving JK Technosoft, Diensten Tech, and Nebula3D Services
Jaykay Enterprises has approved the allotment of 2,05,71,642 partly paid-up equity shares pursuant to its Rights Issue. The shares have a face value of Re 1 (Re 0.50 paid-up) and an issue price of Rs 75 per share, representing an aggregate issue size of approximately Rs 154.29 Cr at full call (around 5.8% of current market cap of Rs 2,668 Cr). The rights ratio was 3 rights equity shares for every 19 fully paid-up shares held on the record date of August 28, 2026. Following this allotment, total share capital expands from 13.03 Cr shares to 15.09 Cr shares (assuming full payment of calls).
- Allotment of 2,05,71,642 partly paid-up equity shares approved on September 23, 2026
- Issue price set at Rs 75 per share (face value Re 1 with Re 0.50 paid up, including Rs 74 premium)
- Rights ratio of 3 Rights Equity Shares for every 19 fully paid-up Equity Shares held
- Total share count rises from 13,02,87,066 to 15,08,58,708 shares post-issue
Jaykay Enterprises has reported progress on its ongoing Rights Issue of up to 2,05,71,642 partly paid-up equity shares of face value Re. 1 each, with listing and trading currently under process. While certain promoter group members did not subscribe to or renounce 7,07,716 entitlement shares, the promoter along with other group members collectively applied for an additional 19,45,194 shares over and above their entitlements. This net additional absorption by promoters demonstrates ongoing financial backing during the capital raise. The company currently has a market cap of Rs 2,721 Cr and TTM revenue of Rs 198 Cr.
- Total Rights Issue size stands at up to 2,05,71,642 partly paid-up equity shares (face value Re. 1 each)
- Promoter group members collectively subscribed to an additional 19,45,194 Rights Equity Shares beyond their entitlements
- Certain promoter group members lapsed/did not subscribe to 7,07,716 entitlements without renouncing them
- Listing and trading approval process for the newly issued shares is currently underway
Jaykay Enterprises has obtained AS9100D and ISO 9001:2015 quality certifications from MTIC InterCert India for its Bengaluru facility. The certification covers the manufacture and sale of precision machined mechanical components for the aerospace, defence, and aviation sectors. Issued on September 17, 2026, the certification is valid for three years through September 16, 2029. This is an essential industry qualification required to bid for and execute high-precision aerospace and defense contracts.
- Received AS9100D and ISO 9001:2015 certifications under Standard AS 9104/1 ISSUE 2012-01
- Certification issued on September 17, 2026, with validity extending up to September 16, 2029
- Scope covers manufacture and sale of precision machined mechanical components for aerospace, defence, and aviation
- Applies to company's single-site operations at Peenya Main Road, Bengaluru
Jaykay Enterprises Limited has issued communication to shareholders without registered email addresses regarding the access path for its FY2025-26 Annual Report and AGM Notice pursuant to SEBI regulations. The company's 80th Annual General Meeting is scheduled to be held virtually on September 29, 2026, at 12:30 PM IST. The notice also reminds physical shareholders about mandatory KYC updates and SEBI's one-year special window for dematerialisation open until February 04, 2027.
- 80th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 12:30 PM IST via Video Conferencing.
- Notice convenes the AGM based on the board notice dated August 14, 2026.
- Special window for transfer and dematerialisation of physical securities valid from February 05, 2026, to February 04, 2027.
- Letter sent under Regulation 36(1)(b) to shareholders whose email IDs are not registered.
Jaykay Enterprises Limited has submitted its Annual Report for FY 2025-26 and notified exchanges of its 80th Annual General Meeting scheduled for September 29, 2026, via Video Conferencing. The cut-off date for e-voting entitlement is fixed as September 22, 2026, with remote e-voting running from September 26 to September 28, 2026. A total of 13 resolutions will be put forward for shareholder voting. The document also notes that Chairman & MD Abhishek Singhania and Joint MD Partho Pratim Kar continue to draw zero remuneration.
- 80th Annual General Meeting to be held on September 29, 2026, at 12:30 P.M. via Video Conferencing
- Remote e-voting opens on September 26, 2026 (09:00 AM IST) and closes on September 28, 2026 (05:00 PM IST)
- Cut-off date for e-voting eligibility set for September 22, 2026, covering 13 resolutions
- Share transfer books and register of members closed from September 23 to September 29, 2026
- Chairman & MD Abhishek Singhania re-appointed for 3 years (July 1, 2024 to June 30, 2027) without remuneration
Jaykay Enterprises' step-down subsidiary, Allen Reinforced Plastics Limited, has received a domestic purchase order valued at approximately ₹60.01 crore (inclusive of GST) from BrahMos Aerospace Private Limited. The contract entails the manufacturing of composite parts for defence applications. This single contract represents approximately 30.3% of Jaykay Enterprises' TTM revenue of ₹198 crore, offering substantial revenue visibility. The transaction involves no promoter or related-party interest.
- Order value of approx. ₹60.01 Crore (inclusive of GST) awarded to step-down subsidiary Allen Reinforced Plastics Limited
- Customer is premier defence entity BrahMos Aerospace Private Limited
- Order size represents ~30.3% of Jaykay's TTM revenue (₹198 Cr)
- Contract is for the manufacture of specialized composite parts in the domestic market
Jaykay Enterprises Limited has issued the Letter of Offer for a proposed Rights Issue aggregating up to ₹154.29 crore through the issuance of up to 2,05,71,642 partly paid-up equity shares. The issue price is fixed at ₹75 per share (₹1 face value plus ₹74 premium), set at a rights ratio of 3 rights shares for every 19 fully paid-up shares held. The record date is scheduled for August 28, 2026, with the issue opening on September 7, 2026, and closing on September 18, 2026. Investors will pay ₹37.50 per share on application, with the balance ₹37.50 payable on subsequent call(s).
- Rights issue of up to 2,05,71,642 partly paid-up shares aggregating up to ₹15,428.73 Lakh (₹154.29 Cr)
- Issue price fixed at ₹75 per share (including ₹74 premium), requiring ₹37.50 on application
- Entitlement ratio of 3 Rights Equity Shares for every 19 Fully Paid-up Shares held
- Record date set as August 28, 2026; Issue opens September 7, 2026, and closes September 18, 2026
Jaykay Enterprises Limited has received International Securities Identification Numbers (ISINs) in connection with its upcoming Rights Issue. The company secured ISIN INE903A20025 for credit of Rights Entitlements (RE) to eligible shareholders' demat accounts ahead of issue opening. Additionally, ISIN IN9903A01015 has been allocated for partly paid-up equity shares of face value Re. 1/- each with Re. 0.50/- paid up upon receipt of application money.
- Received ISIN INE903A20025 for credit of Rights Entitlement (RE) to eligible shareholders
- Received ISIN IN9903A01015 for partly paid-up equity shares with paid-up value of Re. 0.50/- per share
- Partly paid-up shares have a face value of Re. 1/- each
- Follows the Rights Issue Committee meeting held on August 20, 2026
Jaykay Enterprises has finalized the terms and schedule for its Rights Issue of up to ₹154.29 Cr. The company will issue up to 2,05,71,642 partly paid-up equity shares at a price of ₹75 per share (₹37.50 payable on application and balance on subsequent calls). The entitlement ratio is fixed at 3 rights shares for every 19 existing equity shares held as on the record date of August 28, 2026. The issue will open on September 7, 2026, and close on September 18, 2026, expanding the share capital from 13.03 Cr to 15.09 Cr shares upon full subscription.
- Rights issue size of up to ₹154,28,73,150 (₹77.14 Cr on application)
- Issue price set at ₹75 per share (face value ₹1 + premium ₹74), payable ₹37.50 on application
- Rights entitlement ratio of 3 Rights Equity Shares for every 19 existing shares held
- Record date fixed as August 28, 2026; issue window spans September 7 to September 18, 2026
- Total equity shares to increase from 13,02,87,066 to 15,08,58,708 post-issue
Jaykay Enterprises has finalized the terms for its ₹154.29 Cr Rights Issue of 2.06 Cr partly paid-up equity shares at an issue price of ₹75 per share (a ~49% discount to the current market price of ₹147.9). The rights entitlement ratio is set at 3 rights equity shares for every 19 equity shares held as of the record date on August 28, 2026. The issue will open on September 07, 2026, and close on September 18, 2026, with ₹37.50 payable on application (raising ₹77.14 Cr upfront) and the remainder on subsequent calls.
- Rights issue size of up to ₹154.29 Cr (2,05,71,642 partly paid-up shares), representing ~78% of TTM revenue
- Issue price set at ₹75 per share (Face value ₹1, Premium ₹74), payable in two tranches of ₹37.50 each
- Entitlement ratio of 3 Rights Shares for every 19 existing shares held on the Record Date of August 28, 2026
- Issue timeline: Opens September 07, 2026; on-market renunciation closes September 15, 2026; issue closes September 18, 2026
- Equity base expands from 13.03 Cr shares to 15.09 Cr shares upon full subscription and call completion
Jaykay Enterprises Limited has scheduled a meeting of its Rights Issue Committee for Thursday, August 20, 2026. The committee will consider and decide the issue price, entitlement ratio, and other modalities for the proposed Rights Issue of partly paid-up equity shares (face value Re 1 each). This follows the Board's initial approval of the rights issue on July 13, 2026. Consequently, the trading window for dealing in company securities has been closed with effect from August 18, 2026.
- Rights Issue Committee meeting scheduled on August 20, 2026, to finalize pricing and entitlement ratio
- Pertains to partly paid-up equity shares of face value Re 1 each approved on July 13, 2026
- Trading window closed from August 18, 2026, until 48 hours after the conclusion of the committee meeting
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 53.13% YoY to INR 8,064 Lakhs from INR 5,266 Lakhs. Standalone revenue increased 207.81% to INR 591 Lakhs from INR 192 Lakhs, driven by strategic repositioning into digital and technology businesses.
Geographic Revenue Split
Not disclosed in available documents, though the company has a presence in India and international subsidiaries like JK Tech US Inc and JK Tech UK Limited.
Profitability Margins
Consolidated Net Profit Margin declined significantly from 6.72% to 0.47% (a 92.90% drop) due to increased employee benefit expenses, depreciation, and finance costs. Standalone Net Profit was INR 1,267 Lakhs, a slight decrease of 2.01% from INR 1,293 Lakhs.
EBITDA Margin
Consolidated EBITDA grew 2.59% to INR 1,784 Lakhs from INR 1,739 Lakhs. Standalone EBITDA increased 30.15% to INR 1,800 Lakhs from INR 1,383 Lakhs, reflecting improved core operational performance despite higher overheads.
Capital Expenditure
The company executed a Rights Issue of 5,84,57,688 shares at INR 25 each, raising approximately INR 146.14 Cr. Significant capital was deployed for the acquisition of JK Technosoft Limited (INR 88.89 Cr for 97.48% stake and INR 112.43 Cr for an additional stake) and investments in JK Defence & Aerospace (INR 50 Cr).
Credit Rating & Borrowing
The Debt-Equity Ratio improved by 93.80% to 0.001 times from 0.19 times due to the repayment of loans and an increase in equity share capital. Interest Coverage Ratio improved 72.28% to 35.13 times.
Operational Drivers
Raw Materials
Precision-turned components, engineering goods, and composites (used by Allen Reinforced Plastics). Specific percentage of total cost for each is not disclosed.
Capacity Expansion
The company is expanding through its subsidiaries, notably increasing its stake in Allen Reinforced Plastics from 76.41% to 92.92% to leverage capabilities in additive manufacturing and precision engineering.
Raw Material Costs
Inventory Turnover Ratio increased 156.20% to 0.90 times, indicating higher consumption of materials and increased inventory levels to support the 53.13% growth in consolidated revenue.
Manufacturing Efficiency
The company focuses on in-house Research and Development to adapt to latest technologies and achieve cost leadership in precision manufacturing.
Strategic Growth
Expected Growth Rate
53.13%
Growth Strategy
The company is executing a strategic repositioning into Digital & Technology businesses through the acquisition of 99.07% of JK Technosoft Limited. It is also scaling its Defence & Aerospace segment by securing government contracts and leveraging additive manufacturing and composite capabilities through subsidiaries like Allen Reinforced Plastics.
Products & Services
Precision-turned components, engineering goods for defence and aerospace, additive manufacturing services, and digital transformation services including software solutions for global clients.
Brand Portfolio
Jaykay Enterprises, JK Technosoft (JKTL), JK Defence, Allen Reinforced Plastics.
New Products/Services
Expansion into digital manufacturing and additive manufacturing for the aerospace sector; expected to drive long-term sustainability and higher value addition.
Market Expansion
The company applied for direct listing on the National Stock Exchange (NSE) in February 2025 to increase market visibility and liquidity. It is targeting global markets through JKTL's existing international clientele.
Strategic Alliances
Formed JK Phillips LLP, a joint venture for specialized business opportunities.
External Factors
Industry Trends
The industry is shifting toward digital manufacturing and increased indigenous production in the defense sector. The company is positioning itself by consolidating digital technology and defense manufacturing under one group to capture these growth trends.
Competitive Landscape
Faces intense competition from both domestic players and international firms, as well as unorganized sectors in the engineering components market.
Competitive Moat
Moat is derived from being part of the 140-year-old JK Organisation conglomerate, providing brand legacy and financial stability. Specialized certifications like ISO 9001:2015 and niche capabilities in additive manufacturing for defense create high entry barriers.
Macro Economic Sensitivity
Sensitive to global economic growth (projected at 3.0% for 2025) and emerging market growth (4.1%). Indian GDP growth and government 'Make in India' initiatives are primary drivers.
Consumer Behavior
Shift toward digital transformation and automation among corporate clients (e.g., Unilever, Thermo Fisher) is driving demand for JKTL’s services.
Geopolitical Risks
Adverse geopolitical conditions and rising trade tensions are cited as key downside risks that could impact financial performance and supply chains.
Regulatory & Governance
Industry Regulations
Operations are subject to government regulations regarding defense contracts and machining standards. Compliance with ISO 9001:2015 is maintained for quality management.
Taxation Policy Impact
Standalone tax expense was INR 242 Lakhs on a Profit Before Tax of INR 1,509 Lakhs (approx. 16% effective rate). Consolidated tax was a credit of INR 8 Lakhs.
Risk Analysis
Key Uncertainties
Heavy reliance on Government/Defence contracts (High impact); failure to innovate in R&D (Medium impact); and liquidity crises with customers (Medium impact).
Geographic Concentration Risk
Significant operations are concentrated in India, particularly in Kanpur (UP), with growing exposure to US and UK markets through JKTL.
Third Party Dependencies
High dependency on government customers for defense contracts; adverse sectoral developments could impact business sustainability.
Technology Obsolescence Risk
The company mitigates technology risk through its in-house R&D and strategic repositioning into the digital and technology sector.
Credit & Counterparty Risk
Debtors Turnover Ratio improved 111.40% to 1.78 times, indicating improved collection efficiency and better credit management.
