Jash Engineering
Jash Engineering (JASH) share price was ₹500.50 at the 28 Oct 2026 close; market capitalisation ₹3,163 Cr; P/E (TTM) 36.69; sector Capital Goods. The share price rose 4.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 17.5% year on year to ₹149.88 Cr and net profit was ₹5.09 Cr, against −₹5.17 Cr a year earlier (compared with Jun 2025). Promoters held 43.24% of Jash Engineering in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 51/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹3,979.00 | 98.08 | 47,072 Cr | 14.45 | 0.04% | 19.61% | 25.98% | 4,896 Cr | 477 Cr | |
| ₹1,563.00 | 81.83 | 30,139 Cr | 10.53 | 0.10% | 11.28% | 14.83% | 5,510 Cr | 401 Cr | |
| ₹30,595.00 | 49.08 | 27,051 Cr | 6.06 | 0.35% | 11.76% | 15.68% | 4,959 Cr | 552 Cr | |
| ₹929.20 | 65.71 | 21,132 Cr | 10.56 | 0.00% | 16.79% | 22.04% | 2,236 Cr | 323 Cr | |
| ₹3,140.00 | 60.89 | 21,049 Cr | 4.45 | 0.00% | 7.64% | 12.03% | 4,043 Cr | 345 Cr | |
| ₹16,390.00 | 100.18 | 17,509 Cr | 5.76 | 0.21% | 4.56% | 5.85% | 3,824 Cr | 176 Cr | |
| Jash Engineering (this company) | ₹500.50 | 36.69 | 3,163 Cr | 6.09 | 0.32% | 14.39% | 17.78% | 780 Cr | 86 Cr |
| Median 7 companies | ₹3,140.00 | 65.71 | 21,132 Cr | 6.09 | 0.10% | 11.76% | 15.68% | 4,043 Cr | 345 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100. How it works →
v2.0.0
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company's median sales growth is 17.4% of last 10 years
Weaknesses
2- Debtor days have increased from 124 to 149 days.
- Promoter holding has decreased over last 3 years: -7.74%
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 5.39% · Jun 2026
AI Analysis — Bull vs Bear
Jash Engineering Ltd is a mid-cap industrial company with a market cap of ₹3,123 Cr trading at a PE of 41.2x. The company has delivered strong long-term sales and profit growth (20% CAGR over 5 years each) but is currently experiencing a deceleration with TTM sales growth at 0% and TTM profit declining 13%.
- Strong long-term sales CAGR of 20% over both 5-year and 10-year periods, indicating consistent business expansion
- Compounded profit growth of 26% over 10 years demonstrates sustained earnings power over a full business cycle
- Median sales growth of 17.4% over the last 10 years reflects a reliable topline trajectory
- 3-year ROE of 20% and 5-year ROE of 20% indicate efficient capital allocation and healthy return generation
- Stock CAGR of 33% over 5 years and 26% over 3 years shows significant long-term wealth creation
- Price-to-book ratio of 5.99x is supported by 10-year ROE averaging 18%, implying the business earns well above cost of equity
- 5-year compounded profit growth of 20% aligns with sales growth, suggesting margin stability over medium-term horizons
- TTM sales growth has flatlined at 0%, a sharp deceleration from the 22% three-year CAGR, signaling potential demand slowdown
- TTM profit has declined 13%, raising concerns about near-term margin compression or operational headwinds
- Debtor days have increased from 124 to 149 days, indicating deteriorating working capital efficiency and potential collection risk
- Promoter holding has decreased by 7.84% over the last 3 years, which may signal reduced insider confidence
- PE of 41.2x is elevated for an industrial company experiencing negative TTM profit growth of -13%, suggesting limited margin of safety
- Last year ROE declined to 16% from the 3-year and 5-year average of 20%, indicating falling return efficiency
- Stock has declined 15% over the past 1 year, underperforming broader markets and reflecting investor concern over growth moderation
- Dividend yield of just 0.12% offers negligible income cushion during periods of capital depreciation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Order book at ₹888 Cr Jun 10
Jash Engineering secured ₹34 Cr in new orders in May 2026, bringing total order book to ₹888 Cr as of June 1, 2026.
- ₹1500 Cr revenue target by FY31 Jul 4
Jash Engineering aims to double revenue to ₹1500 Cr by FY31 with new plants in Saudi Arabia and Houston by FY28. FY26 revenue was flat at ₹736 Cr with PAT of ₹76 Cr.
TL;DR: Jash Engineering has a healthy order book of ₹888 Cr and ambitious expansion plans with new international facilities. However, FY26 revenue was flat, indicating near-term execution needs to accelerate. The ₹1500 Cr FY31 target implies a ~15% revenue CAGR, which will depend on timely plant commissioning and sustained order inflows.
Analyst Forecasts
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64.22 | 95.15 | 139 | 217 | 115 | 140 | 181 | 300 | 128 | 158 | 161 | 291 | 150 |
| Expenses | 64.55 | 80.89 | 107 | 164 | 111 | 115 | 140 | 242 | 132 | 137 | 144 | 222 | 142 |
| Operating Profit | -0.33 | 14.26 | 31.74 | 53.07 | 3.41 | 24.52 | 40.67 | 58.77 | -4.1 | 20.24 | 16.95 | 68.92 | 8.08 |
| OPM % | -0.51% | 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 Income | 1.23 | 1.37 | 2.13 | 1.56 | 1.77 | 4.22 | 1.34 | 3.04 | 5.33 | 2.11 | 4.08 | 9.05 | 6.13 |
| Interest | 1.98 | 2.99 | 3.06 | 3 | 2.5 | 2.95 | 3.68 | 3.95 | 2.97 | 3.38 | 3.05 | 3.38 | 2.06 |
| Depreciation | 2.72 | 2.66 | 2.6 | 2.78 | 3.06 | 3.4 | 3.61 | 6.95 | 4.5 | 4.88 | 5.08 | 5.25 | 5.61 |
| PBT | -3.8 | 9.98 | 28.21 | 48.85 | -0.38 | 22.39 | 34.72 | 50.91 | -6.24 | 14.09 | 12.9 | 69.34 | 6.54 |
| Tax % | -11.58% | 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 Profit | -3.37 | 8.54 | 22.64 | 38.95 | 0.08 | 16.14 | 34.8 | 35.75 | -5.17 | 10.96 | 13.06 | 56.65 | 5.09 |
| EPS (₹) | -0.56 | 1.42 | 3.76 | 6.29 | 0.08 | 2.56 | 5.6 | 5.76 | -0.81 | 1.77 | 2.13 | 8.97 | 0.77 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 120 | 158 | 175 | 248 | 278 | 299 | 368 | 402 | 516 | 735 | 736 | 758 |
| Expenses | 99 | 100 | 137 | 166 | 225 | 240 | 248 | 321 | 338 | 417 | 608 | 634 | 644 |
| Operating Profit | 20 | 20 | 21 | 9 | 23 | 38 | 52 | 47 | 64 | 99 | 127 | 102 | 114 |
| OPM % | 17% | 16% | 13% | 5% | 9% | 14% | 17% | 13% | 16% | 19% | 17% | 14% | 15% |
| Other Income | 1 | 2 | 3 | 5 | 7 | 8 | 3 | 6 | 13 | 6 | 10 | 20 | 21 |
| Interest | 6 | 5 | 6 | 7 | 8 | 10 | 10 | 9 | 10 | 11 | 13 | 13 | 12 |
| Depreciation | 4 | 4 | 4 | 6 | 7 | 8 | 9 | 10 | 11 | 11 | 17 | 20 | 21 |
| PBT | 11 | 12 | 15 | 1 | 14 | 28 | 36 | 35 | 56 | 83 | 108 | 90 | 103 |
| Tax % | 31% | 39% | 32% | 72% | 44% | 28% | 16% | 7% | 8% | 20% | 19% | 16% | — |
| Net Profit | 8 | 7 | 10 | 0 | 8 | 20 | 31 | 32 | 52 | 67 | 87 | 76 | 86 |
| EPS (₹) | 1.59 | 1.52 | 2.11 | 0.06 | 1.3 | 3.4 | 5.14 | 5.39 | 8.59 | 10.79 | 13.97 | 12.05 | 13.64 |
| Div. Payout % | 20% | 26% | 0% | 348% | 23% | 14% | 12% | 13% | 14% | 13% | 14% | 13% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Reserves | 60 | 66 | 74 | 94 | 98 | 114 | 144 | 175 | 227 | 339 | 420 | 506 |
| Borrowings | 39 | 44 | 52 | 64 | 74 | 84 | 72 | 82 | 82 | 80 | 99 | 103 |
| Other Liabilities | 47 | 40 | 54 | 61 | 85 | 75 | 88 | 100 | 128 | 173 | 215 | 257 |
| Total Liabilities | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 879 |
| Fixed Assets | 69 | 66 | 86 | 88 | 90 | 101 | 98 | 112 | 116 | 127 | 170 | 212 |
| CWIP | 0 | 0 | 1 | 1 | 12 | 6 | 12 | 1 | 4 | 6 | 21 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 11 | 13 |
| Other Assets | 87 | 93 | 103 | 141 | 166 | 177 | 207 | 257 | 329 | 465 | 545 | 631 |
| Total Assets | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 879 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 7 | 6 | 21 | -8 | 18 | 18 | 35 | 14 | 34 | 58 | 55 | 56 |
| Investing | -18 | -4 | -19 | -18 | -14 | -8 | -12 | -16 | -16 | -68 | -72 | -9 |
| Financing | 11 | -1 | 0 | 25 | -4 | -9 | -22 | 2 | -13 | 32 | -2 | -17 |
| Net Cash Flow | 0 | 1 | 2 | -1 | -1 | 1 | 1 | 0 | 5 | 22 | -18 | 29 |
| Free Cash Flow | 5 | 4 | -3 | -25 | 1 | 14 | 26 | 2 | 18 | 34 | 10 | 19 |
| CFO/EBITDA | 48 | 53 | 123 | -63 | 98 | 65 | 89 | 45 | 65 | 76 | 59 | 72 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 119 | 114 | 124 | 108 | 111 | 117 | 134 | 142 | 111 | 112 | 149 |
| Inventory Days | 207 | 246 | 172 | 209 | 189 | 178 | 201 | 157 | 238 | 279 | 209 | 219 |
| Days Payable | 169 | 147 | 175 | 201 | 181 | 117 | 128 | 121 | 125 | 120 | 92 | 117 |
| Cash Conversion Cycle | 167 | 218 | 110 | 132 | 116 | 172 | 190 | 170 | 255 | 270 | 229 | 251 |
| Working Capital Days | 20 | 139 | 25 | 58 | 15 | 28 | 64 | 63 | 83 | 76 | 71 | 103 |
| ROCE % | 17% | 15% | 16% | 4% | 13% | 19% | 21% | 17% | 23% | 25% | 25% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Jash Engineering insights
67 extracted metrics + investor summaries across FY15–FY27.
Documents
Frequently Asked Questions about Jash Engineering
What does Jash Engineering Ltd do?
Where is Jash Engineering Ltd (JASH) listed?
Which sector does Jash Engineering Ltd belong to?
What is the market capitalisation of Jash Engineering Ltd?
What is the PE ratio of Jash Engineering Ltd?
What is the 52-week high and low of Jash Engineering Ltd?
Does Jash Engineering Ltd pay dividends?
What is the Return on Equity (ROE) of Jash Engineering Ltd?
Company Information
Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. [1] Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/JASH.md for Jash Engineering Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.