Price
Financials
Consolidated, Rs crore| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,908 | 1,429 | 1,896 | 1,656 | 1,972 | 1,671 | 1,360 | 1,478 | 1,137 | 672 | 685 | 726 |
| Expenses | 1,658 | 1,351 | 1,806 | 1,616 | 1,885 | 1,536 | 1,394 | 1,481 | 1,331 | 691 | 725 | 807 |
| Operating Profit | 250 | 78 | 90 | 40 | 87 | 135 | -34 | -3 | -194 | -19 | -41 | -81 |
| OPM % | 13% | 5% | 4.7% | 2.4% | 4.4% | 8% | -2.5% | -0.2% | -17% | -2.8% | -6% | -11% |
| Other Income | -308 | 68 | 15 | -123 | -145 | -792 | 100 | -150 | -189 | 551 | 293 | -278 |
| Interest | 174 | 226 | 253 | 271 | 266 | 274 | 288 | 306 | 301 | 204 | 234 | 246 |
| Depreciation | 77 | 97 | 96 | 105 | 95 | 88 | 78 | 302 | 106 | 94 | 94 | 85 |
| Profit before tax | -309 | -176 | -245 | -459 | -420 | -1,020 | -300 | -762 | -789 | 235 | -76 | -690 |
| Tax % | 2% | 4% | 1% | 4% | 3% | 1% | -1% | 1% | -7% | 1% | -2% | 0% |
| Net Profit | -316 | -183 | -248 | -476 | -431 | -1,026 | -298 | -768 | -731 | 232 | -75 | -693 |
| EPS in Rs | -1.31 | -0.74 | -1.00 | -1.93 | -1.79 | -4.17 | -1.19 | -3.11 | -2.69 | 0.98 | -0.28 | -2.80 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,666 | 18,397 | 13,759 | 7,645 | 9,210 | 7,035 | 6,406 | 5,752 | 7,263 | 7,135 | 5,796 | 3,220 |
| Expenses | 13,356 | 13,525 | 12,059 | 8,236 | 9,850 | 7,031 | 5,703 | 5,842 | 6,618 | 6,927 | 5,939 | 3,554 |
| Operating Profit | 6,310 | 4,871 | 1,700 | -591 | -640 | 5 | 703 | -90 | 645 | 208 | -143 | -334 |
| OPM % | 32% | 26% | 12% | -8% | -7% | 0.1% | 11% | -1.6% | 9% | 2.9% | -2.5% | -10% |
| Other Income | 609 | 75 | -2,946 | 1,262 | -261 | 2,702 | 207 | -5 | -520 | -110 | -976 | 377 |
| Interest | 7,338 | 7,847 | 7,469 | 2,486 | 988 | 1,159 | 1,001 | 998 | 1,056 | 1,010 | 1,176 | 985 |
| Depreciation | 1,694 | 1,820 | 1,888 | 782 | 592 | 603 | 568 | 395 | 381 | 388 | 576 | 379 |
| Profit before tax | -2,113 | -4,721 | -10,603 | -2,597 | -2,481 | 945 | -659 | -1,487 | -1,312 | -1,301 | -2,871 | -1,320 |
| Tax % | -27% | -33% | -11% | -0% | 7% | 41% | 1% | 1% | 3% | 3% | -2% | |
| Net Profit | -1,551 | -3,164 | -9,413 | -2,597 | -2,644 | 561 | -667 | -1,498 | -1,352 | -1,339 | -2,823 | -1,267 |
| EPS in Rs | -7.13 | -12.13 | -35.79 | -7.96 | -8.41 | 4.50 | -2.71 | -6.02 | -5.47 | -5.46 | -11.17 | -4.79 |
| Dividend Payout % | -1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -12% | -4% | 0% | -50% | ||
| Compounded Profit Growth | 3% | 7% | 5% | -12% | ||
| Stock Price CAGR | -14% | -23% | -41% | -17% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 486 | 486 | 486 | 486 | 486 | 486 | 489 | 491 | 491 | 491 | 491 | 491 |
| Reserves | 14,469 | 12,030 | 3,324 | 4,192 | 606 | 1,695 | 1,073 | -406 | -1,742 | -3,085 | -5,811 | -5,639 |
| Borrowings | 75,274 | 66,246 | 38,953 | 28,859 | 28,678 | 19,692 | 19,146 | 19,097 | 16,458 | 15,412 | 18,497 | 17,467 |
| Other Liabilities | 19,272 | 21,424 | 18,590 | 16,088 | 26,819 | 14,415 | 15,654 | 18,209 | 22,561 | 23,323 | 21,425 | 20,939 |
| Total Liabilities | 109,501 | 100,187 | 61,354 | 49,626 | 56,590 | 36,289 | 36,362 | 37,391 | 37,768 | 36,141 | 34,602 | 33,257 |
| Fixed Assets | 53,775 | 42,785 | 18,589 | 19,714 | 19,845 | 9,589 | 8,988 | 8,618 | 4,958 | 4,607 | 6,945 | 6,092 |
| CWIP | 19,420 | 11,321 | 2,866 | 1,465 | 673 | 679 | 714 | 247 | 193 | 289 | 305 | 162 |
| Investments | 3,026 | 2,713 | 2,127 | 1,318 | 1,210 | 1,671 | 1,462 | 1,462 | 1,492 | 1,203 | 610 | 717 |
| Other Assets | 33,280 | 43,369 | 37,772 | 27,129 | 34,860 | 24,351 | 25,198 | 27,064 | 31,125 | 30,042 | 26,743 | 26,286 |
| Total Assets | 109,501 | 100,187 | 61,354 | 49,626 | 56,590 | 36,289 | 36,362 | 37,391 | 37,768 | 36,141 | 34,602 | 33,257 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4,553 | 3,696 | 6,676 | 5,793 | -855 | 770 | 827 | 1,076 | 21 | 761 | 1,170 | 558 |
| Cash from Investing Activity | -7,316 | -3,608 | 7,000 | -1,426 | 15,122 | -3 | -266 | -3 | 60 | -116 | 134 | -219 |
| Cash from Financing Activity | 2,546 | -518 | -14,421 | -4,554 | -14,220 | -931 | -570 | -743 | -281 | -625 | -960 | -412 |
| Net Cash Flow | -216 | -430 | -745 | -187 | 47 | -165 | -10 | 330 | -200 | 20 | 344 | -74 |
| Free Cash Flow | -4,128 | 248 | 12,822 | 4,423 | 14,209 | 641 | 581 | 1,009 | -79 | 698 | 1,003 | 601 |
| CFO/OP | 75% | 61% | 138% | 338% | 149% | -124% | 13,192% | 138% | -39% | 129% | 605% | -433% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 64 | 84 | 49 | 93 | 85 | 120 | 121 | 194 | 121 | 119 | 77 |
| Inventory Days | 793 | 1,148 | 876 | 1,407 | 2,816 | 3,173 | 2,121 | 3,083 | 2,762 | 2,362 | 2,618 | 3,011 |
| Days Payable | 325 | 365 | 146 | 257 | 481 | 405 | 392 | 442 | 468 | 334 | 366 | 384 |
| Cash Conversion Cycle | 507 | 847 | 814 | 1,199 | 2,427 | 2,853 | 1,849 | 2,763 | 2,488 | 2,149 | 2,370 | 2,704 |
| Working Capital Days | -171 | -135 | 295 | -226 | 257 | 83 | 356 | 430 | 524 | 474 | 438 | 272 |
| ROCE % | 6% | 5% | 4% | -0% | -3% | -4% | -2% | 1% | -1% | 3% | 2% | -2% |
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 37.74% | 37.71% | 29.97% | 29.97% | 30.23% | 30.23% | 30.23% | 30.23% | 30.23% | 30.11% | 30.11% | 28.77% |
| FIIs | 0.57% | 0.89% | 0.98% | 2.08% | 2.67% | 2.25% | 1.30% | 1.41% | 1.04% | 0.56% | 0.56% | 0.28% |
| DIIs | 1.28% | 1.33% | 9.24% | 9.15% | 9.11% | 9.44% | 9.29% | 8.91% | 8.91% | 8.57% | 8.57% | 8.57% |
| Public | 60.39% | 60.07% | 59.81% | 58.80% | 57.98% | 58.08% | 59.19% | 59.46% | 59.85% | 60.74% | 60.75% | 62.38% |
| No. of Shareholders | 6,00,841 | 5,84,029 | 5,92,282 | 6,04,623 | 6,33,593 | 6,54,501 | 6,34,638 | 6,36,411 | 6,42,726 | 6,47,786 | 6,45,515 | 6,47,890 |
Fundamentals
Market Cap₹ 594 Cr.
Current Price₹ 2.42
Book Value₹ -21.0
ROCE-2.03 %
ROE%
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-50%
Compounded Profit Growth (TTM)-12%
Consolidated figures.
Valuation
Market capRs 594 Cr
Enterprise valueRs 17,857 Cr
Price to book-0.11x
Price to sales0.18x
EV / EBITDA410.31x
EV / sales5.54x
Price to cash flow1.07x
Earnings yield-197.94%
P/B, 3-year average-1.07x
P/B, 5-year average4.39x
Profitability
Operating margin (excl. other income)-2.47%
Operating margin (incl. other income)-19.30%
EBITDA margin1.35%
Pre-tax margin-40.99%
Net profit margin-36.51%
Net margin, latest quarter-94.60%
ROE69.27%
ROCE-13.04%
ROA-7.75%
ROE, 3-year average122.99%
ROCE, 3-year average-5.54%
ROA, 3-year average-4.98%
ROE, 5-year average30.83%
ROCE, 5-year average-3.49%
ROA, 5-year average-4.16%
ROIC (approx.)-2.76%
Tax rate1.68%
Other income / net worth18.34%
Growth
Sales growth (latest year)-18.77%
Sales CAGR, 3 years0.25%
Sales CAGR, 5 years-3.80%
Sales growth QoQ6.06%
Sales growth YoY (latest quarter)-50.86%
Per share
EPS (TTM)Rs -4.79
EPS (latest year)Rs -11.17
EPS (latest quarter)Rs -2.80
EPS, 3-year averageRs -7.36
EPS, 5-year averageRs -6.16
Book value per shareRs -21.67
Sales per shareRs 13.12
Cash flow per shareRs 2.27
Free cash flow per shareRs 2.45
Efficiency
Asset turnover0.17x
Fixed asset turnover0.83x
Inventory turnover0.29x
Inventory days1274 days
Debtor days77 days
Debtors turnover4.75x
Creditor days384 days
Cash conversion cycle2704 days
Working capital days272 days
Leverage
Total debtRs 18,497 Cr
Cash and bankRs 1,235 Cr
Net debtRs 17,263 Cr
Debt to equity-3.48x
Net debt / EBITDA396.66x
Interest coverage-0.34x
Owners' fund to total sources-15.38%
Debt to assets53.46%
Cash flow
Cash from Operating Activity (latest year)Rs 558 Cr
Cash from Investing Activity (latest year)Rs -219 Cr
Cash from Financing Activity (latest year)Rs -412 Cr
Net Cash Flow (latest year)Rs -74 Cr
Free cash flow (latest year)Rs 601 Cr
FCFE (approx.: FCF + change in debt)Rs 3,687 Cr
Sales to cash flow10.40x
Statement figures
Net sales (TTM)Rs 3,220 Cr
Net sales (latest year)Rs 5,796 Cr
Sales (latest quarter)Rs 726 Cr
Operating profit excl. other income (latest year)Rs -143 Cr
Operating profit (latest quarter)Rs -81 Cr
Other income (TTM)Rs 377 Cr
EBITDA (TTM)Rs 44 Cr
PBDT (TTM)Rs -941 Cr
Profit before tax (TTM)Rs -1,320 Cr
Tax (latest year)Rs -48 Cr
Net profit (TTM)Rs -1,176 Cr
Net profit (latest year)Rs -2,741 Cr
Net profit (latest quarter)Rs -687 Cr
Depreciation (TTM)Rs 379 Cr
Depreciation (latest quarter)Rs 85 Cr
Interest (TTM)Rs 985 Cr
Cost of goods sold (latest year)Rs 4,711 Cr
Total expenditure (latest year)Rs 5,939 Cr
Total income (latest year)Rs 4,820 Cr
Share capitalRs 491 Cr
ReservesRs -5,811 Cr
Shareholders' fundsRs -5,320 Cr
Total assetsRs 34,602 Cr
Net blockRs 6,945 Cr
Capital work in progressRs 305 Cr
InvestmentsRs 610 Cr
ReceivablesRs 1,219 Cr
InventoryRs 16,441 Cr
Other liabilitiesRs 21,425 Cr
Shares outstanding (crore)245.46
Ownership
Promoter holding28.77% (-1.46 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | JPASSOCIAT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.4% | -2.8% | +2.4 pts |
| 1 month | -28.4% | -6.8% | -21.6 pts |
| 3 months | -39.7% | -7.6% | -32.0 pts |
| 6 months | -39.8% | +0.4% | -40.2 pts |
| 1 year | -88.6% | -9.9% | -78.7 pts |
| 2 years | -65.4% | -13.6% | -51.9 pts |
| 3 years | -69.8% | +14.2% | -83.9 pts |
| 5 years | -67.7% | +27.9% | -95.6 pts |
Red flags
F-score 3 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
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
Dec 2025Sales ₹726 Cr -50.9% vs Dec 2024.
Net loss ₹693 Cr.
Activity
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No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting | |
| 2023-09-27 | Annual General Meeting | |
| 2022-09-20 | Annual General Meeting | |
| 2021-09-22 | Annual General Meeting | |
| 2020-09-22 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting | |
| 2018-12-13 | Annual General Meeting | |
| 2017-09-13 | Annual General Meeting | |
| 2016-09-20 | Annual General Meeting | |
| 2015-12-15 | Annual General Meeting | |
| 2014-09-19 | Annual General Meeting | |
| 2013-07-19 | Annual General Meeting/Dividend Re 0.50 Per Share | |
| 2012-09-18 | Annual General Meeting/Dividend Re 0.50 Per Share | |
| 2011-09-19 | Annual General Meeting And Dividend Re.0.40 Per Share | |
| 2011-02-08 | Interim Dividend-Re.0.40 Per Share (Purpose Revised) | |
| 2010-09-15 | Annual General Meeting And Dividend Re.0.54 Per Share | |
| 2009-12-17 | Bonus 1:2 | 0.6667 |
| 2009-10-29 | Int Div-Re.0.54 Per Sharepurpose Revised | |
| 2009-09-22 | Agm/Div-Re.0.40 Per Share | |
| 2009-05-07 | 2nd Interim Dividend-15% Purpose Revised | |
| 2008-10-29 | 1st Interim Dividend-15% Purpose Revised | |
| 2008-08-18 | Agm/Dividend - 20% | |
| 2008-01-28 | 2nd Int Div-Re0.30 Per Shrd Date Revised | |
| 2007-12-17 | Fv Split Rs.10/- To Rs.2/ | 0.2000 |
| 2007-08-23 | Fin Div-Rs.1.60 Per Sh | |
| 2007-07-23 | 1st Interim Dividend-15% Purpose Revised | |
| 2007-01-24 | Int Div - Rs.2/- Per Sh | |
| 2006-10-16 | Agm/Fin Div-Re0.90 Per Sh |
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.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Jaiprakash Associates Ltd?
Jaiprakash Associates Ltd (JPASSOCIAT) has a market capitalisation of Rs 594 Cr. at the 2026-03-17 close.
What were Jaiprakash Associates Ltd's latest quarterly results?
In the Dec 2025 quarter, Jaiprakash Associates Ltd sales was Rs 726 Cr (-50.9% vs Dec 2024) with a net loss of Rs 693 Cr.