Jash Engineering logo

Jash Engineering

JASH NSE

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹3,252 Cr
Volatility
Moderate
P/E Ratio
37.69
EBITDA
₹102 Cr
Return on Equity
19.89%
Debt to Equity
0.2
Book Value
₹82.15
EPS
₹56.45
52W High
₹572.85
52W Low
₹327.1

Tapetide Score

Data-driven rating, 0–100. How it works →

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: -7.77%

Growth Rate

Revenue Growth
-1.26% lower than 3Y
Net Income Growth
-10.32% lower than 3Y
Cash Flow Change
-5.91% lower than 3Y
ROE
4.63% lower than 3Y
ROCE
2.81% higher than 3Y
EBITDA Margin (Avg.)
-27.12% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

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%.

Bull Case 7
  • 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
Bear Case 8
  • 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
  • PE of 41.2x is elevated for an industrial company experiencing negative TTM profit growth of -13%, suggesting limited margin of safety
  • 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

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • 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.

Neutral 1
  • ₹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.

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.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
6.13
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
48.85
-0.38
22.39
34.72
50.91
-6.24
14.09
12.9
69.34
6.54
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
10.96
13.06
56.65
5.09
EPS in Rs
-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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/OP
48
53
123
-63
98
65
89
45
65
76
59
72
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.32%Promot.43.24%FIIs1.54%Others18.03%Public36.88%As ofJun 2026

Documents

Frequently Asked Questions about Jash Engineering

What does Jash Engineering Ltd do?
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 p...
Where is Jash Engineering Ltd (JASH) listed?
Jash Engineering Ltd trades as JASH on the NSE and under code 544402 on the BSE.
Which sector does Jash Engineering Ltd belong to?
Jash Engineering Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Jash Engineering Ltd?
Jash Engineering Ltd has a market capitalisation of ₹3,252 Cr, which places it in the Small Cap band.
What is the PE ratio of Jash Engineering Ltd?
Jash Engineering Ltd trades at a PE ratio of 37.69, on earnings per share of ₹56.45, against a book value of ₹82.15 per share.
What is the 52-week high and low of Jash Engineering Ltd?
Over the last 52 weeks Jash Engineering Ltd has traded between ₹327.1 and ₹572.85.
Does Jash Engineering Ltd pay dividends?
Jash Engineering Ltd has a dividend yield of 0.31%.
What is the Return on Equity (ROE) of Jash Engineering Ltd?
Jash Engineering Ltd reported a return on equity of 19.89%. Its debt-to-equity ratio is 0.20.

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. [1] 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.

Website jashindia.com
Listed 2019-10-30
Face Value ₹ 2
Issued Size 6,29,05,120

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