Jash Engineering Limited
NSE: JASH · Industrial Products · sector
₹479.10NSE close 2026-10-26
Key numbers
Market cap₹3,028 cr
Price₹479.10
52w high / low₹619 / ₹327
P/E35.1xSector median 24.2x
P/B5.8xSector median 2.8x
Book value₹82.1
Dividend yield0.38%Sector median 0.50%
ROE18.0%Sector median 11.5%
ROCE19.0%Sector median 13.4%
OPM15.1%Sector median 10.3%
Debt / equity0.16xSector median 0.17x
EV/EBITDA26.3xSector median 16.7x
Interest cover9.7x
Current ratio2.04x
Sales growth 3y+22.4%Sector median +10.2%
Profit growth 3y+13.5%Sector median +12.8%
PEG3.04x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹107 cr vs borrowings ₹83 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 9.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- Debtor days went from 111 (FY24) to 149 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹479.10 on 2026-10-26: -22.7% from the 52-week high, +46.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹682.95 · low ₹344.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 140 | 181 | 300 | 128 | 158 | 160 | 291 | 150 |
| EBITDA | 25 | 41 | 59 | -4 | 20 | 17 | 69 | 8 |
| OPM % | 17.6% | 22.5% | 19.6% | -3.1% | 12.9% | 10.6% | 23.7% | 5.4% |
| Other income | 4 | 1 | 3 | 5 | 2 | 4 | 9 | 6 |
| Net profit | 16 | 35 | 36 | -5 | 11 | 13 | 57 | 5 |
| EPS (₹) | 0.52 | 5.54 | 5.72 | -0.82 | 1.75 | 2.08 | 9.01 | 0.81 |
| Revenue YoY | +12.9% | -11.2% | -3.3% | +17.5% | ||||
| Profit YoY | -32.0% | -62.4% | +58.5% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 368 | 402 | 516 | 735 | 736 | 758 |
| EBITDA | 47 | 64 | 99 | 127 | 102 | 114 |
| Net profit | 32 | 52 | 67 | 87 | 76 | 86 |
| EPS (₹) | 5.42 | 8.65 | 11.07 | 13.88 | 12.01 | 13.65 |
| Revenue growth | +9.4% | +28.3% | +42.6% | +0.1% | +1.4% | |
| Profit growth | +60.7% | +29.1% | +30.0% | -13.0% | +5.2% | |
| Dividend / share (₹) | – | – | 4.00 | 8.00 | 1.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +22.3% | +19.7% | +1.4% |
| Net profit | +13.5% | +19.9% | +5.2% |
| EPS | +11.5% | +18.4% | – |
| Share price | – | +1.6% (2y) | +3.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 239 | 351 | 433 | 519 |
| Borrowings | – | 76 | 72 | 81 | 83 |
| Cash & equivalents | – | 33 | 102 | 114 | 107 |
| Total assets | – | 449 | 604 | 748 | 881 |
| Fixed assets | – | 86 | 99 | 98 | 124 |
| Capital work in progress | – | 4 | 6 | 20 | 22 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 156 | 157 | 225 | 301 |
| Inventory | – | 112 | 161 | 189 | 195 |
| Payables | – | 59 | 70 | 83 | 104 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 14 | 34 | 58 | 55 | 56 |
| Cash from investing | -16 | -16 | -68 | -72 | -24 |
| Cash from financing | 2 | -13 | 32 | -2 | -17 |
| Capex | 13 | 16 | 24 | 44 | 37 |
| Free cash flow | 2 | 18 | 34 | 11 | 19 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 21.7% | 19.0% | 20.0% | 14.5% |
| ROCE % | – | 21.1% | 22.3% | 23.5% | 17.1% |
| Debtor days | – | 142 | 111 | 112 | 149 |
| Inventory days | – | 238 | 279 | 209 | 219 |
| Payable days | – | 125 | 120 | 92 | 117 |
| Cash conversion cycle (days) | – | 255 | 270 | 229 | 251 |
| Working capital days | – | 105 | 141 | 128 | 156 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.24% |
| FIIs | 1.75% |
| DIIs | 1.86% |
| of which Mutual funds | 1.58% |
| Government | 0.00% |
| Public (non-institutions) | 53.15% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 43.52% | 43.39% | 43.39% | 43.40% | 43.44% | 43.24% | 43.24% | 43.24% |
| Promoter group | % |
|---|---|
| Pratik Patel | 12.01% |
| Bhairavi Patel | 5.76% |
| Patamin Investments Private Limited | 4.24% |
| Pallavi U Patel | 3.33% |
| Suresh Patel | 3.29% |
| Girish Patel | 3.14% |
| Harsh Patel | 2.54% |
| Utpal Patel | 2.00% |
| Chintan Patel | 1.75% |
| Geeta Patel | 0.99% |
| Rohit Patel | 0.70% |
| Rahul U Patel | 0.58% |
| Pratik N Patel HUF | 0.45% |
| Rekha Patel | 0.43% |
| Ekta Patel | 0.42% |
| Public holders above 1% | % |
|---|---|
| Axel Schutte | 2.04% |
| Bank of India Manufacturing & Infrastructure Fund | 1.58% |
| Mahesh Rajesh Agrawal | 1.45% |
| Miten Mehta | 1.30% |
| Meenakshi Mercantiles Ltd | 1.27% |
| Envision India Fund | 1.11% |
47,278 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| JASH | ₹3,028 cr | 35.1x | 5.8x | 18.0% | 19.0% | 15.1% | +22.4% | 0.38% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Outside India | ₹409 cr | 55.5% | ₹0 cr | 0.0% |
| Within India | ₹327 cr | 44.5% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Re 1 Per Share |
| 2026-04-10 | Dividend | Interim Dividend - Re 0.60 Per Share |
| 2025-09-08 | Dividend | Dividend - Rs 1.20 Per Share |
| 2025-03-10 | Dividend | Interim Dividend - Re 0.80 Per Share |
| 2024-10-30 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2024-09-19 | Dividend | Annual General Meeting/Dividend - Rs 7.20 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share/Special Dividend Rs 2 Per Share |
| 2022-09-15 | Other | Annual General Meeting |
| 2021-09-08 | Other | Annual General Meeting |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.90 Per Share |
| 2020-03-18 | Dividend | Interim Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturer of wide range of equipment for Water & Sea Water Intake Systems, Water and Waste water Pumping Stations and Treatment Plants, Desalination plants, Storm Water Pumping Stations, Water Transmission Lines, Hydropower generation and also for Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers and other process plants.: Manufacturer
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | JASH |
| BSE code | 544402 |
| ISIN | INE039O01029 |
| Face value | ₹2.0 |
| Incorporated | 1973-09-29 |
| Website | www.jashindia.com |
| Plants (India / abroad) | 5 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.