JASH ENGINEERING LIMITED
₹483.15-₹20.90 (-4.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,536 Cr
- P/E
- 44.3x
- EV / EBITDA
- 33.0x
- Revenue
- ₹475 Cr
- Net margin
- 14.5%
- ROCE
- 17.2%
Price chart
Technical chartScreen technicals →+1.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.3%
- 3M
- -6.3%
- 6M
- -6.3%
- 1Y
- +1.1%
- 5Y
- -15.8%
52-week range
Day change -₹20.90 (-4.1%) from ₹504 to ₹483 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JASH, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 17.8%
Concerns0
Rule-based from financial data. Not advice.
About the company
Jash Engineering Limited manufactures, trades in, and sells various engineering products for general engineering, water and wastewater, power plant, and bulk solids handling industries in India and internationally.
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Jash Engineering Limited manufactures, trades in, and sells various engineering products for general engineering, water and wastewater, power plant, and bulk solids handling industries in India and internationally. The company offers water control gates, such as slide/penstock, open channel, weir, and flap gates, as well as stop logs; heavy fabricated gates, including bulkhead, rollers, crest, butterfly, radial/tainter, bonneted, tilting weir, swing, and mitre gates; and screening equipment comprising manual bar, trash rack with flat bars, trash rack with wire mesh, J-type trash rack, suspended grab trash rake, multi-rake bar, step, pre-scalators, travelling band, drum, and static screens. It also provides jet breaker and screw conveyor wash compactors, and flat belt conveyors; unidirectional values and bidirectional valves; water hammer control devices, such as zero velocity, vacuum breaker air cushion, and energy dissipating valves, as well as air vessels/surge vessels compressor type and bladder type; archimedean crew pumps; and hydro power equipment. In addition, the company offers agitators, clarifiers, clariflocculators, detritors, surface aerotors, and thickeners; disc filters; and bulk solids handling valves, including slide gate, swing gate, double flap, casted square port, and fabricated valves. Its products are used in raw water and sea water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, flood prevention and mitigation schemes, water transmission lines and also for power, steel, cement, paper and pulp, petrochemicals, chemical, and fertilizers and other process plants. The company was founded in 1948 and is headquartered in Indore, India.
- Sector
- Industrials
- Shares outstanding
- 6.3 Cr shares
- ISIN
- INE039O01011
- BSE code
- 544402
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,536 Cr
- P/E
- 44.3x
- P/B
- 6.2x
- EV / EBITDA
- 33.0x
- EV / Sales
- 7.4x
- P/S
- 7.4x
- Earnings yield
- 2.3%
- 52-week high
- ₹609.66
- 52-week low
- ₹339.19
Profitability
- Operating margin
- 20.3%
- Net margin
- 14.5%
- EBITDA margin
- 22.3%
- ROE
- 15.1%
- ROCE
- 17.2%
- ROA
- 9.5%
- Dividend payout
- 18.0%
- Tax rate
- 17.0%
- Other income, % of PBT
- 11.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹475 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 37.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹77.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹28.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹3.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.9%
Solvency and efficiency
- Current ratio
- 3.70
- Debt / Equity
- 0.23
- Debt / Assets
- 0.15
- Debt / EBITDA
- 1.00
- Interest coverage
- 7.00
- Financial leverage
- 1.60
- CFO / Net profit
- 0.56
- Cash / Market cap
- 14.2%
- Cash per share
- ₹56.91
- Asset turnover
- 0.65
- Fixed asset turnover
- 3.97
- Capital intensity
- 0.25
- Debtor days
- 132 days
- Inventory turnover
- 1.17
- Cash conversion cycle
- 323 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹15 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹381 Cr |
| Sales | Operating profit | ₹94 Cr |
| Operating profit | Interest | ₹10 Cr |
| Operating profit | Depreciation | ₹8 Cr |
| Operating profit | Profit before tax | ₹76 Cr |
| Other income | Profit before tax | ₹9 Cr |
| Profit before tax | Tax and other | ₹16 Cr |
| Profit before tax | Net profit | ₹69 Cr |
Revenue and net profit
Revenue grew 37.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹217 Cr | ₹28 Cr |
| FY2022 | ₹257 Cr | ₹25 Cr |
| FY2023 | ₹272 Cr | ₹41 Cr |
| FY2024 | ₹345 Cr | ₹50 Cr |
| FY2025 | ₹475 Cr | ₹69 Cr |
Cash flows
FY2025: ₹63.0 Cr from operations, ₹26.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹48 Cr | ₹16 Cr |
| FY2022 | ₹30 Cr | -₹1 Cr |
| FY2023 | ₹25 Cr | ₹18 Cr |
| FY2024 | ₹28 Cr | -₹29 Cr |
| FY2025 | ₹63 Cr | ₹26 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹475 Cr+37.7%1Y
- Net profit
- ₹69 Cr+38.0%1Y
- Cash from operations
- ₹63 Cr
- Free cash flow
- ₹26 Cr
- Revenue CAGR, 5Y
- 10.9%
- EBITDA CAGR, 5Y
- 12.4%
- Net profit CAGR, 5Y
- 17.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹475 Cr | ₹94 Cr | — | ₹69 Cr | ₹63 Cr | ₹26 Cr | 17.6% | +37.7% | +38.0% |
Monthly returns
Month-by-month returns of JASH across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹590 Cr |
| Equity capital | ₹13 Cr |
| Reserves | ₹379 Cr |
| Borrowings | ₹67 Cr |
| Other liabilities | ₹131 Cr |
| Assets | ₹590 Cr |
| Fixed assets | ₹87 Cr |
| Capital work in progress | ₹5 Cr |
| Investments | ₹137 Cr |
| Other assets | ₹361 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JASH trades at 44.3x earnings against a peer median of 38.3x (a 16% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| JASH ENGINEERING LIMITEDJASHthis companyP/E ↑ premium | ₹2,536 Cr | 44.3x | 6.2x | 15.1% | 33.0x |
| Patel Engineering LtdPATELENG | ₹2,633 Cr | 7.2x | 0.7x | 9.1% | 3.5x |
| MARSONS LIMITEDMARSONS | ₹2,580 Cr | 79.2x | 18.5x | — | — |
| TCPL Packaging LimitedTCPLPACK | ₹2,575 Cr | 20.7x | 3.8x | 19.2% | 11.3x |
| Man Industries (India) LtdMANINDS | ₹2,574 Cr | 18.0x | 1.4x | 8.6% | 8.9x |
| Polyplex Corporation Ltd.POLYPLEX | ₹2,566 Cr | 27.3x | 3.5x | -1.3% | 73.6x |
| Pennar Industries Ltd.PENIND | ₹2,535 Cr | 25.6x | 2.7x | 7.5% | 12.0x |
| TeamLease Services LimitedTEAMLEASE | ₹2,492 Cr | 26.8x | 2.7x | 13.9% | 15.5x |
| Shivalik Bimetal Controls Ltd.SBCL | ₹2,481 Cr | 31.3x | 5.9x | 24.7% | 20.1x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
JASH since 1 January, against earlier years.
Historical volatility
JASH's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 20.0% |
| FY2022 | 14.0% |
| FY2023 | 20.0% |
| FY2024 | 20.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹475 Cr |
| Costs | |
| Interest | ₹10 Cr |
| Expenses | ₹381 Cr |
| Operating profitOperating Profit | ₹94 Cr |
| Other income and charges | |
| Profit before tax | ₹85 Cr |
| Tax | |
| Net profitNet Profit | ₹69 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹590 Cr |
| Equity capitalEquity Capital | ₹13 Cr |
| Reserves | ₹379 Cr |
| Borrowings | ₹67 Cr |
| Other liabilitiesOther Liabilities | ₹131 Cr |
| AssetsTotal Assets | ₹590 Cr |
| Fixed assetsFixed Assets | ₹87 Cr |
| Capital work in progressCWIP | ₹5 Cr |
| Investments | ₹137 Cr |
| Other assetsOther Assets | ₹361 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹63 Cr |
| Investing cash flowCash from Investing Activity | -₹37 Cr |
| Financing cash flowCash from Financing Activity | -₹28 Cr |
| Change in cashNet Cash Flow | -₹3 Cr |
Learn while you research
Academy chapters picked for JASH ENGINEERING LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 44.3, learn when high multiples are justified.6 min read
- 04 Growth Investing38% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read