Jaykay Enterprises Ltd.

•

jaykayenterprises.comBSE: 500306NSE: JAYKAY

Market Cap₹ 2,321 Cr.

Current Price

High / Low₹ 203 / 107

Stock P/E10.7

Book Value₹ 56

Price to Book3.46

Dividend Yield0.00 %

ROCE3.6 %

ROE2.3 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Digital Manufacturing & Advance Systems: 64.4% • Defence & Aerospace: 35.6%

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 is almost debt free
Promoters have been increasing their shareholding - up 8.9pp over 2 years
Company has consistently been profitable over the last 5 years
Operating margins have improved to -0.6% from -11.8%
Stock looks reasonably valued - P/E of 10.7 is below its historical median

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (258.2% of PBT)
Receivables are growing faster than sales - a possible quality concern
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 6.3%
Company has a low return on equity of 5.0% over last 3 years

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

Peer comparison

Capital GoodsCapital GoodsAerospace & Defense

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

S.No.	Name
1.	HAL	4850.00	34.80	324355.88	0.93	1589.66	14.88	5515.17	14.45	31.99	27.89
2.	BEL	405.20	48.19	296192.24	0.62	1054.53	8.82	5546.98	24.94	36.68	25.22
3.	BDL	1258.00	88.55	46113.56	0.39	118.79	547.36	572.24	147.63	13.91	14.52
4.	DATAPATTNS	4580.30	3333.94	25642.34	0.22	220.60	765.10	1160.30	1068.13	23.18	27.04
5.	ASTRAMICRO	1727.85	86.78	16405.07	0.14	12.35	-24.12	176.66	-11.55	20.29	20.40
6.	ZENTEC	1800.75	90.25	16259.50	0.06	31.85	-39.99	141.64	-10.48	16.83	27.13
7.	AEQUS	242.30	326.32	16250.23	0.00	-532.28	-6067.26	3955.45	1486.69	1.50	4.47
8.	APOLLO	388.55	119.01	14438.50	0.06	25.22	42.58	251.29	88.12	14.05	21.38
9.	PARAS	1414.15	120.66	11396.26	0.07	20.74	45.34	127.91	37.26	18.68	24.95
10.	UNIMECH	1505.05	106.37	7661.01	0.00	27.86	45.70	107.62	70.85	12.10	36.35
11.	AXISCADES	1711.80	200.37	7280.88	0.00	-14.76	-170.76	183.35	-24.77	14.56	4.73
12.	JAYKAY	153.85	10.71	2320.96	0.00	45.14	-77.65	745.73	34.48	3.61	15.62

Detailed Comparison with:

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
	70	81	75	300	171	308	217	110	555	631	600	612	746
	73	79	96	311	185	321	225	188	538	582	531	730	705
Operating Profit	-3	2	-21	-11	-13	-13	-8	-78	17	49	69	-119	41
OPM %	-5.02%	2.84%	-27.26%	-3.55%	-7.69%	-4.34%	-3.45%	-71.30%	3.02%	7.78%	11.48%	-19.40%	5.44%
	12	24	28	76	64	26	37	56	220	57	108	-1,732	22
Interest	4	13	15	12	17	18	10	16	13	21	12	23	14
Depreciation	7	10	10	0	10	11	11	15	39	41	40	35	51
Profit before Tax	7	25	7	63	50	12	30	-21	236	107	87	1,789	73
Tax %	0.00%	-30.41%	0.82%	22.37%	0.00%	50.38%	-78.98%	-108.02%	14.58%	17.68%	22.46%	-0.51%	38.12%
Net Profit	7	32	7	49	50	6	54	-44	202	88	68	1,798	45
	0.08	0.43	0.09	0.89	0.78	0.08	0.83	-0.49	1.65	0.72	0.53	14.08	0.35

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	0	0	0	0	0	0	11	47	53	81	2,588
	4	4	5	6	6	5	12	45	49	81	2,548
Operating Profit	-4	-4	-5	-5	-5	-5	-1	2	4	-0	40
OPM %	-1321.32%	-1375.59%	-1570.54%	-1739.52%	-1783.87%	-1582.53%	-11.80%	4.77%	7.39%	-0.57%	1.54%
	12	6	6	8	5	21	3	12	14	18	-1,545
Interest	0	0	0	0	0	0	0	1	4	6	70
Depreciation	0	0	0	0	0	0	0	2	3	5	167
Profit before Tax	8	2	1	3	-1	26	18	11	10	7	2,056
Tax %	3.32%	17.47%	19.40%	7.86%	-0.00%	0.00%	3.54%	25.22%	6.41%	-1.24%	2.78%
Net Profit	7	2	1	3	-1	26	18	8	10	7	1,999
EPS	1.99	0.46	0.31	0.68	-0.14	5.98	3.57	1.35	1.47	0.57	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 205%
3 Years:: 96%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -26%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 13%
3 Years:: 5%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4	4	4	4	4	4	5	5	6	12
Minority Interest	0	0	0	0	0	0	3	4	17	25
	68	84	85	64	55	92	111	131	173	432
	0	0	0	0	0	0	6	25	66	36
Trade Payables	0	0	0	0	0	0	2	22	12	42
	2	2	3	2	4	6	6	18	25	60
Total Liabilities	73	90	92	70	63	103	132	205	298	607
	1	0	0	0	0	5	5	26	88	95
Capital Work in Progress	0	0	0	0	0	0	7	1	7	18
	33	48	49	30	24	40	54	62	59	82
	0	0	0	0	0	0	0	1	19	39
	0	0	0	0	0	0	0	0	50	117
Cash & Bank	26	19	21	21	27	44	43	42	17	153
	14	22	22	18	11	14	22	74	58	103
Total Assets	73	90	92	70	63	103	132	205	298	607

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
	-12	-4	0	5	1	-2	-23	-32	-0
Cash from Investing	7	6	0	-6	13	-22	-3	-27	-105
Cash from Financing	-0	-0	-0	-0	9	9	32	62	110
	-4	2	0	-1	23	-15	5	3	5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	1.99	0.46	0.31	0.68	-0.14	5.98	3.57	1.35	1.47	0.57
Book Value (₹)	19.20	23.57	24.01	18.21	15.78	22.22	24.39	25.96	30.66	36.31
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.05	0.25	0.17	0.37	-0.07	3.14	1.95	0.98	1.10	0.89
PROFITABILITY
Operating Margin %	-1321.32%	-1375.59%	-1570.54%	-1739.52%	-1783.87%	-1582.53%	-11.80%	4.77%	7.39%	-0.57%
Net Margin %	2440.31%	558.97%	376.90%	830.60%	-173.67%	8448.41%	164.28%	17.61%	18.23%	8.90%
ROE %	10.36%	2.13%	1.29%	3.24%	-0.85%	33.52%	16.53%	6.55%	6.09%	2.30%
ROCE %	10.83%	2.58%	1.76%	3.52%	-0.85%	33.11%	16.58%	8.22%	7.15%	3.61%
	10.09%	2.08%	1.26%	3.14%	-0.81%	31.39%	14.97%	4.90%	3.82%	1.59%
EFFICIENCY
Debtor Days	0	0	0	0	0	0	223	232	356	377
Inventory Days	310	310	310	307	305	305	9	6	71	132
Payable Days	0	0	0	0	0	0	46	120	185	200
	310	310	310	307	305	305	186	118	242	309
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.05x	0.19x	0.33x	0.07x
Interest Coverage (x)	94.02x	2336.35x	10.88x	0.00x	0.00x	501.41x	98.36x	11.46x	3.32x	2.16x
	20.73x	20.47x	15.19x	19.16x	8.51x	14.14x	4.56x	2.80x	2.52x	3.60x
GROWTH
Revenue Growth %	0.00%	0.00%	0.00%	1.16%	0.65%	0.00%	3374.51%	338.77%	12.15%	53.13%
Operating Profit Growth %	0.00%	-72.78%	-40.95%	127.17%	-115.32%	3860.90%	-82.55%	386.72%	28.15%	-0.18%
Net Profit Growth %	0.00%	-77.09%	-32.57%	122.92%	-121.05%	4964.62%	-32.44%	-52.98%	16.11%	-25.26%
	0.00%	-77.10%	-32.57%	122.93%	-121.04%	4253.61%	-40.27%	-62.21%	8.90%	-61.00%
VALUATION
P/E (x)	1.12x	10.70x	10.64x	4.86x	0.00x	3.58x	9.59x	18.58x	45.22x	218.96x
P/B (x)	0.20x	0.36x	0.24x	0.32x	0.19x	1.70x	2.48x	1.71x	3.83x	3.46x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-1.42x	6.12x	0.67x	0.15x	37.85x	7.36x	87.59x	15.51x	40.80x	79.30x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.29	60.57	60.57	62.31	62.89	65.19	65.19	65.19	65.19
	0.18	0.15	0.15	0.13	0.15	0.13	0.13	0.18	0.17
	2.33	0.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	41.21	39.06	39.28	37.55	36.96	34.67	34.68	34.62	34.64

Documents

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

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Jaykay Enterprises Limited has informed the Exchange about Intimation of issue of Newspaper Advertisement in respect of the Rights Issue of the Partly Paid-up Equity Shares of Jaykay Enterprises Limited

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Jaykay Enterprises Limited has informed the Exchange about Newspaper Advertisement - Intimation regarding 80th Annual General Meeting of the Company

2026-08-25

Bagging/Receiving of orders/contracts

2026-08-25 - Jaykay Enterprises Limited has informed the Exchange about Receipt of Order from BrahMos Aerospace Private Limited by Allen Reinforced Plastics Limited, step-down subsidiary of Jaykay Enterprises Limited

2026-08-25

Updates

2026-08-25 - Jaykay Enterprises Limited has informed the Exchange regarding ' Letter Of Offer for the proposed Rights Issue of Partly Paid-up Equity Shares of Jaykay Enterprises Limited'.

2026-08-25

Updates

2026-08-25 - Jaykay Enterprises Limited has informed the Exchange regarding 'Intimation of receipt of New ISINs for Partly Paid-up Equity Shares having paid-up value of Re. 0.50/- per share and Rights Entitlement of Jaykay Enterprises Limited in connection with the Rights Issue'.

2026-08-20

Record Date

2026-08-20 - Jaykay Enterprises Limited has informed the Exchange that Record date for the purpose of RH is 28-Aug-2026.

2026-08-20

Updates

2026-08-20 - Jaykay Enterprises Limited has informed the Exchange regarding 'Outcome of the meeting of the Rights Issue Committee of the Board of Directors of the Company'.

2026-08-18

Updates

2026-08-18 - Jaykay Enterprises Limited has informed the Exchange regarding 'Intimation of Rights Issue Committee Meeting for deciding Issue Price and other terms of the Rights Issue '.

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Jaykay Enterprises Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for JAYKAY

Loading news…

🤖

AI Stock Analyst

Jaykay Enterprises Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account