Jash Engineering Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a healthy return on capital (ROCE) of 23.2%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.5%
- Latest quarter profit grew 198.4% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 19.7% CAGR over last 5 years
CONS
- Receivables are growing faster than sales - a possible quality concern
- Operating margins have contracted to 13.9% from 19.2%
- Debtor days have increased from 95 to 130
- Though reporting repeated profits, the company pays out little dividend (13.2%)
- Expensive relative to growth - PEG of 2.8
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 432.00 | 61.84 | 150425.14 | 0.32 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1005.45 | 93.18 | 49717.58 | 0.59 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3641.75 | 73.13 | 43393.75 | 0.55 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34123.10 | 54.75 | 30170.02 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 1004.05 | 70.98 | 22834.42 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2295.95 | 81.91 | 20875.34 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2773.25 | 128.87 | 17910.13 | 0.00 | 351.60 | 1094.62 | 1725.99 | 1159.00 | 12.04 | 37.29 |
| TRITURBINE | 561.25 | 53.05 | 17842.05 | 0.76 | 511.00 | 693.48 | 4427.00 | 1092.30 | 35.95 | 11.59 |
| TEGA | 1721.30 | 612.04 | 12931.73 | 0.12 | -1082.52 | -3163.59 | 17234.42 | 4739.88 | 8.37 | 3.27 |
| LLOYDSENGG | 80.63 | 55.91 | 12506.03 | 0.31 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KENNAMET | 4998.95 | 93.82 | 10986.81 | 0.00 | 31.50 | 11.31 | 267.30 | 12.55 | 18.99 | 17.51 |
| JASH | 521.05 | 38.23 | 3292.71 | 0.31 | 5.09 | 198.41 | 149.88 | 17.45 | 18.42 | 5.41 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 95 | 139 | 217 | 115 | 140 | 181 | 300 | 128 | 158 | 160 | 291 | 150 | |
| 65 | 81 | 107 | 164 | 111 | 115 | 140 | 242 | 132 | 137 | 144 | 222 | 149 | |
| Operating Profit | -0 | 14 | 32 | 53 | 3 | 25 | 41 | 59 | -4 | 20 | 17 | 69 | 0 |
| OPM % | -0.53% | 14.99% | 22.81% | 24.49% | 3.02% | 17.60% | 22.54% | 19.60% | -3.08% | 12.85% | 10.57% | 23.72% | 0.28% |
| 1 | 1 | 2 | 2 | 2 | 4 | 1 | 3 | 5 | 2 | 4 | 9 | 6 | |
| Interest | 2 | 3 | 3 | 3 | 2 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 | 4 | 5 | 5 | 5 | 6 |
| Profit before Tax | -4 | 10 | 28 | 49 | -0 | 22 | 35 | 51 | -6 | 14 | 13 | 69 | 7 |
| Tax % | 11.55% | 14.43% | 19.74% | 20.20% | 140.62% | 27.82% | -0.23% | 29.71% | 17.63% | 22.24% | -1.24% | 18.30% | 22.27% |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 16 | 35 | 36 | -5 | 11 | 13 | 57 | 5 |
| -2.80 | 1.42 | 3.76 | 6.46 | 0.06 | 2.58 | 5.54 | 5.72 | -0.82 | 1.75 | 2.08 | 9.01 | 0.81 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 158 | 175 | 248 | 278 | 299 | 368 | 402 | 516 | 735 | 736 | 758 | |
| 137 | 166 | 225 | 240 | 248 | 321 | 338 | 417 | 608 | 634 | 652 | |
| Operating Profit | 21 | 9 | 23 | 38 | 52 | 47 | 64 | 99 | 128 | 102 | 107 |
| OPM % | 13.31% | 5.00% | 9.12% | 13.68% | 17.26% | 12.74% | 15.88% | 19.17% | 17.36% | 13.88% | 14.05% |
| 3 | 5 | 7 | 8 | 3 | 6 | 13 | 6 | 10 | 20 | 21 | |
| Interest | 6 | 7 | 9 | 10 | 10 | 9 | 10 | 11 | 13 | 13 | 12 |
| Depreciation | 4 | 6 | 7 | 8 | 9 | 10 | 11 | 11 | 17 | 20 | 21 |
| Profit before Tax | 15 | 1 | 14 | 28 | 36 | 35 | 56 | 83 | 108 | 90 | 103 |
| Tax % | 31.89% | 72.48% | 44.27% | 27.56% | 15.62% | 6.94% | 8.48% | 19.77% | 19.39% | 16.18% | 16.64% |
| Net Profit | 10 | 0 | 8 | 20 | 31 | 32 | 52 | 67 | 87 | 76 | 86 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 25.73 | 26.70 | 42.58 | 53.95 | 13.97 | 12.11 | — |
| Dividend Payout % | 18.99% | 352.11% | 23.07% | 14.14% | 12.41% | 13.36% | 13.96% | 13.35% | 14.31% | 13.21% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 20%
- 5 Years:
- 20%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 26%
- 5 Years:
- 20%
- 3 Years:
- 14%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 39%
- 3 Years:
- 23%
- 1 Year:
- -1%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 21%
- 3 Years:
- 20%
- Last Year:
- 16%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 |
| 74 | 94 | 98 | 113 | 132 | 173 | 224 | 335 | 415 | 500 | |
| 52 | 64 | 74 | 84 | 71 | 84 | 82 | 74 | 92 | 99 | |
| Trade Payables | 38 | 48 | 59 | 40 | 45 | 59 | 59 | 70 | 83 | 104 |
| 16 | 13 | 25 | 39 | 62 | 45 | 65 | 119 | 141 | 153 | |
| Total Liabilities | 190 | 231 | 269 | 289 | 323 | 372 | 441 | 609 | 747 | 874 |
| 86 | 88 | 90 | 101 | 98 | 112 | 116 | 127 | 169 | 210 | |
| Capital Work in Progress | 1 | 0 | 11 | 6 | 10 | 1 | 4 | 6 | 20 | 22 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 11 | 13 | |
| 38 | 50 | 61 | 61 | 71 | 76 | 112 | 161 | 189 | 195 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157 | 225 | 301 | |
| Cash & Bank | 9 | 11 | 12 | 18 | 22 | 27 | 33 | 96 | 103 | 94 |
| 57 | 82 | 94 | 104 | 122 | 157 | 176 | 55 | 30 | 39 | |
| Total Assets | 190 | 231 | 269 | 289 | 323 | 372 | 441 | 609 | 747 | 874 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 | -6 | 22 | 25 | 46 | 21 | 42 | 58 | 55 | 56 | |
| Cash from Investing | -19 | -18 | -15 | -8 | -12 | -16 | -16 | -68 | -72 | -24 |
| Cash from Financing | 0 | 25 | -4 | -9 | -22 | 2 | -13 | 32 | -2 | -17 |
| 2 | -1 | -1 | 1 | 1 | -0 | 5 | 22 | -19 | 15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Jash Engineering Limited has informed the Exchange regarding 'Corporate Announcement'.
2026-09-01 - Jash Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - Jash Engineering Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting (AGM) is 16-Sep-2026.
2026-09-01 - Jash Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026
2026-08-27 - Jash Engineering Limited has informed the Exchange about Schedule of meet
2026-08-25 - Jash Engineering Limited has informed the Exchange regarding 'financial results for the period ended 30-Jun-2026 in Machine Readable Form / Legible copy'.
2026-08-18 - Jash Engineering Limited has informed the Exchange about Transcript
2026-08-13 - Jash Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Jash Engineering Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for JASH
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