Jash Engineering Ltd.

•

jashindia.comBSE: 544402NSE: JASH

Market Cap₹ 3,247 Cr.

Current Price

High / Low₹ 573 / 327

Stock P/E42.7

Book Value₹ 76

Price to Book4.62

Dividend Yield0.31 %

ROCE19.1 %

ROE15.6 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Gates: 37.9% • Screening equipment: 33.6% • Valves and Valves components: 23.7%

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 20.8%
Latest quarter profit grew 222.6% YoY, showing strong momentum
Company has delivered good sales growth of 17.9% CAGR over last 5 years
Company comfortably covers its interest (9.7x coverage)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Operating margins have contracted to 18.6% from 23.3%
Debtor days have increased from 101 to 133
Expensive relative to growth - PEG of 2.3
Though reporting repeated profits, the company pays out little dividend (14.8%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	430.60	61.64	149937.65	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1018.90	94.43	50382.66	0.58	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3680.25	73.91	43852.50	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34514.05	55.37	30515.68	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	987.95	69.84	22468.26	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2245.75	80.12	20418.91	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2846.00	132.25	18379.96	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.10	53.80	18091.60	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1731.10	615.52	13005.36	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	82.72	57.36	12830.19	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1595.75	107.75	10445.54	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	JASH	513.80	37.70	3246.89	0.31	5.09	198.41	149.88	17.45	18.42	5.41

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	42	70	94	139	91	105	103	194	77	114	97	190	98
	36	60	71	109	76	76	79	163	72	89	80	149	86
Operating Profit	6	10	24	30	15	29	23	31	5	25	17	41	12
OPM %	14.10%	13.95%	25.08%	21.71%	16.04%	27.65%	22.91%	15.98%	6.17%	22.09%	17.67%	21.71%	12.02%
	1	3	2	2	1	4	1	3	5	2	4	4	5
Interest	2	3	3	2	2	2	3	3	2	2	3	3	2
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before Tax	3	8	21	28	12	28	20	29	6	22	17	41	17
Tax %	26.38%	6.73%	17.41%	17.63%	17.25%	17.61%	16.24%	23.99%	24.95%	22.54%	15.66%	23.65%	21.23%
Net Profit	2	8	17	23	10	23	17	22	4	17	14	31	13
	1.99	1.29	2.88	3.76	1.60	3.75	2.64	3.54	0.66	2.77	2.27	4.94	2.12

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	145	151	202	206	217	257	272	345	514	494	500
	124	135	172	171	172	222	218	276	411	403	405
Operating Profit	21	16	30	35	44	35	54	70	103	92	96
OPM %	14.58%	10.88%	14.89%	16.95%	20.48%	13.53%	19.88%	20.13%	19.99%	18.56%	19.11%
	2	3	3	8	3	8	9	7	9	15	16
Interest	5	6	8	10	9	8	10	10	10	10	10
Depreciation	4	4	5	5	6	6	7	7	8	9	9
Profit before Tax	14	9	21	28	32	28	47	60	94	87	97
Tax %	28.28%	20.97%	17.06%	22.92%	13.74%	10.84%	12.72%	16.53%	19.67%	22.08%	21.58%
Net Profit	10	7	17	22	28	25	41	50	75	68	76
EPS	0.00	0.00	0.00	0.00	23.35	20.54	33.61	40.50	12.00	10.82	—
Dividend Payout %	18.52%	16.14%	10.34%	13.02%	13.67%	17.36%	17.69%	17.78%	16.67%	14.78%	—

COMPOUNDED SALES GROWTH

10 Years:: 16%
5 Years:: 18%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 23%
5 Years:: 20%
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 39%
3 Years:: 23%
1 Year:: -1%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 17%
3 Years:: 18%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	80	105	119	137	163	185	222	315	394	455
	43	47	62	77	70	83	81	72	62	78
Trade Payables	36	45	52	36	34	54	51	53	56	72
	15	13	19	35	38	43	53	82	105	133
Total Liabilities	182	223	264	297	317	378	419	534	630	751
	50	55	56	65	64	79	77	87	94	120
Capital Work in Progress	1	0	11	6	11	1	2	1	20	22
	32	33	37	37	55	75	75	81	131	163
	37	45	51	50	52	57	93	137	149	159
	0	0	0	0	0	0	0	125	159	202
Cash & Bank	5	6	7	10	11	15	22	64	51	39
	58	83	102	128	123	151	150	40	26	46
Total Assets	182	223	264	297	317	378	419	534	630	751

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20	-5	18	9	57	34	30	28	64	72
Cash from Investing	-8	-12	-17	-3	-32	-31	-7	-57	-38	-67
Cash from Financing	-8	19	3	-1	-16	1	-15	32	-29	-7
	0	-0	-0	0	-0	0	3	2	-3	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.65	43.61	43.52	43.39	43.39	43.40	43.44	43.24	43.24
	1.67	1.58	2.27	1.96	1.96	2.06	2.00	1.79	1.54
	3.53	0.59	0.78	0.90	1.04	0.53	0.49	0.39	0.32
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.16	54.22	53.42	53.75	53.62	54.01	54.07	54.58	54.91

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Updates

2026-09-10 - Jash Engineering Limited has informed the Exchange regarding 'Corporate Announcement'.

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Jash Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Record Date

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

Shareholders meeting

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Jash Engineering Limited has informed the Exchange about Schedule of meet

2026-08-25

Updates

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Jash Engineering Limited has informed the Exchange about Transcript

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Jash Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Jash Engineering Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for JASH

Loading news…

🤖

AI Stock Analyst

Jash Engineering Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account