MarketFriction

Jash Engineering Ltd

NSE JASH · BSE 544402 · Industrial Products
₹576.30 -2.59%
NSE close2026-10-01
52 week range327.10 - 619.40
Market cap₹3,779 Cr.
P/E43.9
Price band 20% Delivery 48.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales95.15139.13217.17114.55139.58180.68300.38127.61157.54160.50290.54149.88
Expenses80.89107.39164.10111.14115.06140.01241.61131.71137.30143.55221.62141.80
Operating Profit14.2631.7453.073.4124.5240.6758.77-4.1020.2416.9568.928.08
OPM %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 Income1.372.131.561.774.221.343.045.332.114.089.056.13
Interest2.993.063.002.502.953.683.952.973.383.053.382.06
Depreciation2.662.602.783.063.403.616.954.504.885.085.255.61
Profit before tax9.9828.2148.85-0.3822.3934.7250.91-6.2414.0912.9069.346.54
Tax %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 Profit8.5422.6438.950.0816.1434.8035.75-5.1710.9613.0656.655.09
EPS in Rs1.423.766.290.082.565.605.76-0.811.772.138.970.77
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales120158175248278299368402516735736758
Expenses100137166225240248321338417608634644
Operating Profit20219233852476499127102114
OPM %16%13%5%9%14%17%13%16%19%17%14%15%
Other Income2357836136102021
Interest5678101091011131312
Depreciation446789101111172021
Profit before tax1215114283635568310890103
Tax %39%32%72%44%28%16%7%8%20%19%16%
Net Profit710082031325267877686
EPS in Rs1.522.110.061.303.405.145.398.5910.7913.9712.0513.64
Dividend Payout %26%0%348%23%14%12%13%14%13%14%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%20%22%1%
Compounded Profit Growth26%20%14%5%
Stock Price CAGR%43%31%24%
Return on Equity18%20%20%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010121212121212121313
Reserves6066749498114144175227339420506
Borrowings3944526474847282828099103
Other Liabilities47405461857588100128173215257
Total Liabilities156160190231269285316369449604747879
Fixed Assets696686889010198112116127170212
CWIP0011126121462123
Investments00000000061113
Other Assets8793103141166177207257329465545631
Total Assets156160190231269285316369449604747879
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7621-81818351434585556
Cash from Investing Activity-18-4-19-18-14-8-12-16-16-68-72-9
Cash from Financing Activity11-1025-4-9-222-1332-2-17
Net Cash Flow012-1-111-0522-1829
Free Cash Flow54-3-2511426218341019
CFO/OP48%53%123%-63%98%65%89%45%65%76%59%72%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days128119114124108111117134142111112149
Inventory Days207246172209189178201157238279209219
Days Payable16914717520118111712812112512092117
Cash Conversion Cycle167218110132116172190170255270229251
Working Capital Days20139255815286463837671103
ROCE %17%15%16%4%13%19%21%17%23%25%25%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.98%50.98%49.44%43.65%43.61%43.52%43.39%43.39%43.40%43.43%43.24%43.24%
FIIs1.21%1.21%1.18%1.67%1.58%2.27%1.96%1.96%2.06%2.00%1.79%1.54%
DIIs4.03%3.95%3.59%3.53%0.59%0.78%0.90%1.04%0.53%0.49%0.39%0.32%
Public43.78%43.86%45.79%51.16%54.22%53.42%53.75%53.62%54.01%54.09%54.12%54.90%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.46%0.00%
No. of Shareholders6,2276,5599,69213,80420,23029,61352,64053,68551,48748,03945,07347,080

Fundamentals

Market Cap₹ 3,779 Cr.
Current Price₹ 598
Stock P/E43.9
Book Value₹ 82.1
ROCE17.7 %
ROE16.0 %
Dividend Yield0.27 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 3,625 Cr
Enterprise valueRs 3,634 Cr
P/E (TTM)42.09x
Price to book6.98x
Price to sales4.78x
EV / EBITDA26.81x
EV / EBIT31.67x
EV / sales4.79x
Price to cash flow64.64x
Earnings yield2.38%
Dividend yield0.28%
P/E, 3-year average25.44x
P/B, 3-year average4.60x
P/E, 5-year average16.80x
P/B, 5-year average3.06x
Profitability
Operating margin (excl. other income)13.87%
Operating margin (incl. other income)16.65%
EBITDA margin17.87%
Pre-tax margin13.56%
Net profit margin11.35%
Net margin, latest quarter3.24%
ROE16.00%
ROCE17.83%
ROA9.37%
ROE, 3-year average20.33%
ROCE, 3-year average22.65%
ROA, 3-year average11.68%
ROE, 5-year average20.81%
ROCE, 5-year average21.58%
ROA, 5-year average11.41%
ROIC (approx.)18.21%
Tax rate16.17%
Other income / net worth3.95%
Growth
Sales growth (latest year)0.14%
Profit growth (latest year)-13.14%
Sales CAGR, 3 years22.35%
Sales CAGR, 5 years19.71%
Profit CAGR, 3 years13.79%
Profit CAGR, 5 years20.07%
Sales growth QoQ-48.41%
Profit growth QoQ-91.43%
Sales growth YoY (latest quarter)17.45%
Per share
EPS (TTM)Rs 13.69
EPS (latest year)Rs 12.11
EPS (latest quarter)Rs 0.77
EPS, 3-year averageRs 26.68
EPS, 5-year averageRs 29.99
Book value per shareRs 82.51
Sales per shareRs 120.57
Cash flow per shareRs 8.91
Free cash flow per shareRs 3.02
Dividend per share (latest year)Rs 1.60
Dividend per share, 3-year averageRs 3.60
Dividend per share, 5-year averageRs 4.08
Dividends
Dividend payout13.21%
Dividend payout, 3-year average13.62%
Dividend payout, 5-year average13.64%
Efficiency
Asset turnover0.84x
Fixed asset turnover3.48x
Inventory turnover2.02x
Inventory days181 days
Debtor days149 days
Debtors turnover2.45x
Creditor days117 days
Cash conversion cycle251 days
Working capital days103 days
Leverage
Total debtRs 103 Cr
Cash and bankRs 94 Cr
Net debtRs 9 Cr
Debt to equity0.20x
Net debt / EBITDA0.07x
Interest coverage9.67x
Current ratio (filing 2026-03-31)2.04x
Quick ratio (filing 2026-03-31)1.40x
Trade payables (filing 2026-03-31)Rs 104 Cr
Owners' fund to total sources59.05%
Debt to assets11.68%
Cash flow
Cash from Operating Activity (latest year)Rs 56 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs -17 Cr
Net Cash Flow (latest year)Rs 29 Cr
Free cash flow (latest year)Rs 19 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years0.69x
Sales to cash flow13.13x
Statement figures
Net sales (TTM)Rs 758 Cr
Net sales (latest year)Rs 736 Cr
Sales (latest quarter)Rs 150 Cr
Operating profit excl. other income (latest year)Rs 102 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 21 Cr
EBITDA (TTM)Rs 136 Cr
PBDT (TTM)Rs 124 Cr
Profit before tax (TTM)Rs 103 Cr
Tax (latest year)Rs 15 Cr
Net profit (TTM)Rs 86 Cr
Net profit (latest year)Rs 76 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 21 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 393 Cr
Total expenditure (latest year)Rs 634 Cr
Total income (latest year)Rs 757 Cr
Share capitalRs 13 Cr
ReservesRs 506 Cr
Shareholders' fundsRs 519 Cr
Total assetsRs 879 Cr
Net blockRs 212 Cr
Capital work in progressRs 23 Cr
InvestmentsRs 13 Cr
ReceivablesRs 301 Cr
InventoryRs 195 Cr
Other liabilitiesRs 257 Cr
Shares outstanding (crore)6.29
Ownership
Promoter holding43.24% (-0.15 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 42.1 is at the 82th percentile of its own 8.7-year range (median 31.6, low 8.9, high 384.3).
P/B 6.98 is at the 74th percentile (median 4.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJASHNifty 50Difference
1 week-0.1%-2.8% +2.6 pts
1 month+25.9%-6.8% +32.7 pts
3 months+17.1%-7.6% +24.8 pts
6 months+67.1%+0.4% +66.7 pts
1 year+13.0%-9.9% +22.9 pts
2 years+28.9%-13.6% +42.4 pts
3 years+114.2%+14.2% +100.0 pts
5 years+482.7%+27.9% +454.8 pts
5 mutual fund schemes hold about ₹46 Cr. Over three months 0 bought more and 5 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bank of India Small Cap Fund0.52%17 -27%
Bank of India Flexi Cap Fund0.48%14 -31%
Bank of India Mfg & Infra Fund(Q0.79%8 -31%
Bank of India Multi Cap Fund0.54%7 -30%
Bank of India Midcap Tax Fund-Sr 20.78%0 -25%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 33% vs sales +0% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹150 Cr +17.5% vs Jun 2025. Net profit ₹5 Cr +198.5%.
Against our estimate for Jun 2026: sales +26.6%, profit -43.0% in line. Our estimate for Sep 2026: sales Rs 169 Cr, profit Rs 13 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-16Dividend - Re 1 Per Share
2026-04-10Interim Dividend - Re 0.60 Per Share
2025-09-08Dividend - Rs 1.20 Per Share
2025-03-10Interim Dividend - Re 0.80 Per Share
2024-10-30Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2024-09-19Annual General Meeting/Dividend - Rs 7.20 Per Share
2023-09-22Annual General Meeting/Dividend - Rs 4 Per Share/Special Dividend Rs 2 Per Share
2022-09-15Annual General Meeting
2021-09-08 Annual General Meeting
2020-09-21 Annual General Meeting/Dividend - Rs 0.90 Per Share
2020-03-18 Interim Dividend - Rs 1.50 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 25perc in previous 1 month

Quick answers

What is the market cap of Jash Engineering Ltd?

Jash Engineering Ltd (JASH) has a market capitalisation of Rs 3,779 Cr. at the 2026-10-01 close.

What is the P/E ratio of Jash Engineering Ltd?

Jash Engineering Ltd trades at a P/E of 43.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jash Engineering Ltd's latest quarterly results?

In the Jun 2026 quarter, Jash Engineering Ltd sales was Rs 150 Cr (+17.5% vs Jun 2025) and net profit was Rs 5 Cr.

What is the 52-week high and low of Jash Engineering Ltd?

The 52-week high is Rs 619.40 and the 52-week low is Rs 327.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03