Jash Engineering
- P/E
- 36.79
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 17.70%
- Debt to Equity
- 0.20
- EPS (TTM)
- ₹13.64
- Book Value
- ₹82.15
- Market Cap
- —
- P/E (TTM)
- 36.79
- P/B
- 6.11
- ROE
- 16.00%
- Dividend Yield
- 0.33%
- EBITDA
- ₹123 Cr
- 52W High
- ₹619.40
- 52W Low
- ₹327.10
- Day Range
- ₹479.35 – ₹505.00
- Volume
- 83,669
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹1,240.10 | 106.91 | ₹59,516 Cr | 18.47 | 0.55% | 23.40% | 25.00% | ₹3,482 Cr | ₹562 Cr | |
| ₹3,999.80 | 98.59 | ₹46,234 Cr | 14.53 | 0.04% | 25.40% | 28.60% | ₹4,883 Cr | ₹477 Cr | |
| ₹1,512.60 | 79.19 | ₹28,543 Cr | 9.59 | 0.10% | 14.00% | 16.80% | ₹5,464 Cr | ₹401 Cr | |
| ₹29,810.00 | 47.82 | ₹25,976 Cr | 5.65 | 0.38% | 12.60% | 17.00% | ₹4,703 Cr | ₹552 Cr | |
| ₹1,034.95 | 73.19 | ₹22,990 Cr | 11.01 | 0.00% | 18.20% | 21.30% | ₹2,191 Cr | ₹323 Cr | |
| ₹3,330.00 | 64.57 | ₹21,957 Cr | 4.71 | 0.00% | 8.69% | 12.70% | ₹3,899 Cr | ₹345 Cr | |
| ₹17,358.00 | 106.09 | ₹18,108 Cr | 6.10 | 0.21% | 4.05% | 5.58% | ₹3,374 Cr | ₹176 Cr | |
| Jash Engineering (this company) | ₹501.80 | 36.79 | ₹3,096 Cr | 6.11 | 0.33% | 16.00% | 17.70% | ₹758 Cr | ₹86 Cr |
| Median 8 companies | ₹2,421.30 | 76.19 | ₹24,483 Cr | 7.85 | 0.16% | 15.00% | 17.35% | ₹3,690 Cr | ₹373 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 55
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 39
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 24
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 69
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 56
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 79
- Strong
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company's median sales growth is 17.4% of last 10 years
Weaknesses
2- Debtor days have increased from 124 to 149 days.
- Promoter holding has decreased over last 3 years: -7.74%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 6 | 5 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bearish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 44.77
- Neutral
- MACD (12,26,9)
- −14.72
- Bearish
- SMA (50)
- 525.49
- Bearish
- SMA (200)
- 455.36
- Bullish
As of
Analyst Rating
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +19.89% |
|---|---|
| 5Y | +19.74% |
| 3Y | +22.33% |
| 1Y | +0.14% |
| TTM | +1.36% |
Net profit
| 10Y | +26.93% |
|---|---|
| 5Y | +19.64% |
| 3Y | +13.48% |
| 1Y | −12.64% |
| TTM | +5.20% |
Operating cash flow
| 10Y | +25.03% |
|---|---|
| 5Y | +9.86% |
| 3Y | +18.10% |
| 1Y | +1.82% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −2.81 pp |
|---|---|
| 5Y | −3.53 pp |
| 3Y | −2.06 pp |
| 1Y | −3.42 pp |
| TTM | −0.96 pp |
Revenue by year
| Mar 2017 | ₹158 Cr |
|---|---|
| Mar 2018 | ₹175 Cr |
| Mar 2019 | ₹248 Cr |
| Mar 2020 | ₹278 Cr |
| Mar 2021 | ₹299 Cr |
| Mar 2022 | ₹368 Cr |
| Mar 2023 | ₹402 Cr |
| Mar 2024 | ₹516 Cr |
| Mar 2025 | ₹735 Cr |
| Mar 2026 | ₹736 Cr |
Net profit by year
| Mar 2017 | ₹10.00 Cr |
|---|---|
| Mar 2018 | ₹0.00 Cr |
| Mar 2019 | ₹8.00 Cr |
| Mar 2020 | ₹20.00 Cr |
| Mar 2021 | ₹31.00 Cr |
| Mar 2022 | ₹32.00 Cr |
| Mar 2023 | ₹52.00 Cr |
| Mar 2024 | ₹67.00 Cr |
| Mar 2025 | ₹87.00 Cr |
| Mar 2026 | ₹76.00 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Jash Engineering Ltd is a mid-cap industrial company with a market cap of ₹3,123 Cr trading at a PE of 41.2x. The company has delivered strong long-term sales and profit growth (20% CAGR over 5 years each) but is currently experiencing a deceleration with TTM sales growth at 0% and TTM profit declining 13%.
- Strong long-term sales CAGR of 20% over both 5-year and 10-year periods, indicating consistent business expansion
- Compounded profit growth of 26% over 10 years demonstrates sustained earnings power over a full business cycle
- Median sales growth of 17.4% over the last 10 years reflects a reliable topline trajectory
- 3-year ROE of 20% and 5-year ROE of 20% indicate efficient capital allocation and healthy return generation
- Stock CAGR of 33% over 5 years and 26% over 3 years shows significant long-term wealth creation
- Price-to-book ratio of 5.99x is supported by 10-year ROE averaging 18%, implying the business earns well above cost of equity
- 5-year compounded profit growth of 20% aligns with sales growth, suggesting margin stability over medium-term horizons
- TTM sales growth has flatlined at 0%, a sharp deceleration from the 22% three-year CAGR, signaling potential demand slowdown
- TTM profit has declined 13%, raising concerns about near-term margin compression or operational headwinds
- Debtor days have increased from 124 to 149 days, indicating deteriorating working capital efficiency and potential collection risk
- Promoter holding has decreased by 7.84% over the last 3 years, which may signal reduced insider confidence
- Last year ROE declined to 16% from the 3-year and 5-year average of 20%, indicating falling return efficiency
- Stock has declined 15% over the past 1 year, underperforming broader markets and reflecting investor concern over growth moderation
- Dividend yield of just 0.12% offers negligible income cushion during periods of capital depreciation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Jash Engineering has a healthy order book of ₹888 Cr and ambitious expansion plans with new international facilities. However, FY26 revenue was flat, indicating near-term execution needs to accelerate. The ₹1500 Cr FY31 target implies a ~15% revenue CAGR, which will depend on timely plant commissioning and sustained order inflows.
- Order book at ₹888 Cr Jun 10
Jash Engineering secured ₹34 Cr in new orders in May 2026, bringing total order book to ₹888 Cr as of June 1, 2026.
- ₹1500 Cr revenue target by FY31 Jul 4
Jash Engineering aims to double revenue to ₹1500 Cr by FY31 with new plants in Saudi Arabia and Houston by FY28. FY26 revenue was flat at ₹736 Cr with PAT of ₹76 Cr.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64.22 | 95.15 | 139 | 217 | 115 | 140 | 181 | 300 | 128 | 158 | 161 | 291 | 150 |
| Expenses | 64.55 | 80.89 | 107 | 164 | 111 | 115 | 140 | 242 | 132 | 137 | 144 | 222 | 142 |
| Operating Profit | −0.33 | 14.26 | 31.74 | 53.07 | 3.41 | 24.52 | 40.67 | 58.77 | −4.1 | 20.24 | 16.95 | 68.92 | 8.08 |
| OPM % | −0.51% | 14.99% | 22.81% | 24.44% | 2.98% | 17.57% | 22.51% | 19.57% | −3.21% | 12.85% | 10.56% | 23.72% | 5.39% |
| Other Income | 1.23 | 1.37 | 2.13 | 1.56 | 1.77 | 4.22 | 1.34 | 3.04 | 5.33 | 2.11 | 4.08 | 9.05 | 6.11 |
| Interest | 1.98 | 2.99 | 3.06 | 3 | 2.5 | 2.95 | 3.68 | 3.95 | 2.97 | 3.38 | 3.05 | 3.38 | 2.06 |
| Depreciation | 2.72 | 2.66 | 2.6 | 2.78 | 3.06 | 3.4 | 3.61 | 6.95 | 4.5 | 4.88 | 5.08 | 5.25 | 5.61 |
| PBT | −3.8 | 9.98 | 28.21 | 48.84 | −0.38 | 22.39 | 34.72 | 50.91 | −6.24 | 14.09 | 12.9 | 69.34 | 6.53 |
| Tax % | −11.58% | 14.33% | 19.74% | 20.23% | −121.05% | 27.87% | −0.23% | 29.78% | −17.15% | 22.14% | −1.24% | 18.29% | 22.17% |
| Net Profit | −3.37 | 8.54 | 22.64 | 38.95 | 0.08 | 16.14 | 34.8 | 35.75 | −5.17 | 10.97 | 13.06 | 56.65 | 5.09 |
| EPS (₹) | −0.56 | 1.42 | 3.76 | 6.29 | 0.08 | 2.56 | 5.6 | 5.76 | −0.81 | 1.77 | 2.13 | 8.97 | 0.77 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 120 | 158 | 175 | 248 | 278 | 299 | 368 | 402 | 516 | 735 | 736 | 758 |
| Expenses | 99 | 100 | 137 | 166 | 225 | 240 | 248 | 321 | 338 | 417 | 608 | 634 | 644 |
| Operating Profit | 20 | 20 | 21 | 9 | 23 | 38 | 52 | 47 | 64 | 99 | 127 | 102 | 114 |
| OPM % | 17% | 16% | 13% | 5% | 9% | 14% | 17% | 13% | 16% | 19% | 17% | 14% | 15% |
| Other Income | 1 | 2 | 3 | 5 | 7 | 8 | 3 | 6 | 13 | 6 | 10 | 20 | 21 |
| Interest | 6 | 5 | 6 | 7 | 8 | 10 | 10 | 9 | 10 | 11 | 13 | 13 | 12 |
| Depreciation | 4 | 4 | 4 | 6 | 7 | 8 | 9 | 10 | 11 | 11 | 17 | 20 | 21 |
| PBT | 11 | 12 | 15 | 1 | 14 | 28 | 36 | 35 | 56 | 83 | 108 | 90 | 103 |
| Tax % | 31% | 39% | 32% | 72% | 44% | 28% | 16% | 7% | 8% | 20% | 19% | 16% | — |
| Net Profit | 8 | 7 | 10 | 0 | 8 | 20 | 31 | 32 | 52 | 67 | 87 | 76 | 86 |
| EPS (₹) | 1.59 | 1.52 | 2.11 | 0.06 | 1.3 | 3.4 | 5.14 | 5.39 | 8.59 | 10.79 | 13.97 | 12.05 | 13.64 |
| Div. Payout % | 20% | 26% | 0% | 348% | 23% | 14% | 12% | 13% | 14% | 13% | 14% | 13% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Reserves | 60 | 66 | 74 | 94 | 98 | 114 | 144 | 175 | 227 | 339 | 420 | 506 |
| Borrowings | 39 | 44 | 52 | 64 | 74 | 84 | 72 | 82 | 82 | 80 | 99 | 103 |
| Other Liabilities | 47 | 40 | 54 | 61 | 85 | 75 | 88 | 100 | 128 | 173 | 215 | 257 |
| Total Liabilities | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 879 |
| Fixed Assets | 69 | 66 | 86 | 88 | 90 | 101 | 98 | 112 | 116 | 127 | 170 | 212 |
| CWIP | 0 | 0 | 1 | 1 | 12 | 6 | 12 | 1 | 4 | 6 | 21 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 11 | 13 |
| Other Assets | 87 | 93 | 103 | 141 | 166 | 177 | 207 | 257 | 329 | 465 | 545 | 631 |
| Total Assets | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 879 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 7 | 6 | 21 | −8 | 18 | 18 | 35 | 14 | 34 | 58 | 55 | 56 |
| Investing | −18 | −4 | −19 | −18 | −14 | −8 | −12 | −16 | −16 | −68 | −72 | −9 |
| Financing | 11 | −1 | 0 | 25 | −4 | −9 | −22 | 2 | −13 | 32 | −2 | −17 |
| Net Cash Flow | 0 | 1 | 2 | −1 | −1 | 1 | 1 | 0 | 5 | 22 | −18 | 29 |
| Free Cash Flow | 5 | 4 | −3 | −25 | 1 | 14 | 26 | 2 | 18 | 34 | 10 | 19 |
| CFO/EBITDA | 48 | 53 | 123 | −63 | 98 | 65 | 89 | 45 | 65 | 76 | 59 | 72 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 119 | 114 | 124 | 108 | 111 | 117 | 134 | 142 | 111 | 112 | 149 |
| Inventory Days | 207 | 246 | 172 | 209 | 189 | 178 | 201 | 157 | 238 | 279 | 209 | 219 |
| Days Payable | 169 | 147 | 175 | 201 | 181 | 117 | 128 | 121 | 125 | 120 | 92 | 117 |
| Cash Conversion Cycle | 167 | 218 | 110 | 132 | 116 | 172 | 190 | 170 | 255 | 270 | 229 | 251 |
| Working Capital Days | 20 | 139 | 25 | 58 | 15 | 28 | 64 | 63 | 83 | 76 | 71 | 103 |
| ROCE % | 17% | 15% | 16% | 4% | 13% | 19% | 21% | 17% | 23% | 25% | 25% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Jash Engineering insights
66 extracted metrics across FY15–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · Jun 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- Concall · Sep 2025PPT
- 11 Aug 2026
- 13 Nov 2025
- 6 Feb 2026
- 8 Nov 2024
- 28 Mar 2024
- 29 Nov 2023
- 12 Sep 2023
- General announcements 28 Oct 2026
- General announcements 27 Oct 2026
- General announcements 6 Oct 2026
Frequently Asked Questions about Jash Engineering
What does Jash Engineering Ltd do?
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Does Jash Engineering Ltd pay dividends?
What is the Return on Equity (ROE) of Jash Engineering Ltd?
Company Information
Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
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