Jash Engineering Ltd. (JASH) AI Stock Analysis

• Market Cap: ₹29.88B
• Dividend Yield: 0.44%
• Average Volume (3M): 5.86K
• Price to Earnings (P/E): 36.3
• Beta (1Y): 0.82
• Revenue Growth: 32.20%
• EPS Growth: 11.82%
• Country: IN
• Employees: 565
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.80
• Shares Outstanding: 62,755,123
• 10 Day Avg. Volume: 5,290
• 30 Day Avg. Volume: 5,856
• PEG Ratio: 1.55
• Price to Book (P/B): 8.39
• Price to Sales (P/S): 4.94
• P/FCF Ratio: 1.04K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹523.00 ▲(14.13% Upside)

Jash Engineering Ltd. has a strong financial foundation with robust revenue growth and profitability. However, technical indicators suggest bearish momentum, and the stock appears overvalued with a high P/E ratio and low dividend yield. The company should focus on improving cash flow management to enhance its financial position.

Jash Engineering Ltd. Business Overview & Revenue Model

Company Description

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. It offers water control gates, such as slide/penstock, open channel, weir, and flap gates, as well as stop logs; screens, including manual bars, trash rack, J-type trash rack, suspended trash rake, multi-rake, step, pre-scalators, travelling band, drum, and static screens; and screening conveying equipment comprising flat belt and screw conveyors. The company also provides knife gate valves; water hammer control valves; hydro power equipment; screw pumps; bulk solid handling valves; and treatment process equipment consisting of agitators, clarifiers, clarifloculators, detritors, clariflocculators, and thickeners filters. In addition, it offers fabfricated gates, such as bulkhead, rollers, crest, butterfly, radial/tainter, bonneted, tilting weir, swing, and mitre gates; disc filters; and bulk solids handling valves. Its equipment are used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, and water transmission lines, as well as power, steel, cement, paper and pulp, petrochemical, chemical, fertilizer, and other process plants. It also exports its products. The company was founded in 1948 and is headquartered in Indore, India. Jash Engineering Limited is a subsidiary of Jash Group.

How the Company Makes Money

Jash Engineering Ltd. generates revenue through the sale of its engineering products and systems, including flow control and treatment equipment tailored for water and wastewater management. The company's revenue model primarily consists of direct sales to municipalities and industries, as well as ongoing service contracts for maintenance and support. Key revenue streams include project-based contracts for large infrastructure installations, recurring revenue from service agreements, and partnerships with other engineering firms and environmental agencies that enhance their market reach. Additionally, JASH benefits from government contracts and grants aimed at improving water infrastructure, contributing to its earnings.

Jash Engineering Ltd. Financial Statement Overview

Summary

Jash Engineering Ltd. demonstrates strong financial health with significant revenue growth and profitability. The balance sheet is solid with low debt levels and good equity utilization. However, the declining trend in free cash flow indicates a need for improved cash management strategies.

Income Statement

Jash Engineering Ltd. shows a robust financial performance with significant revenue growth of 42.6% from 2024 to 2025 and consistent net profit margins over 10%. The EBIT margin improved to 15%, indicating strong operational efficiency. However, the gross profit margin has decreased slightly, pointing to potential cost management issues. Overall, the income statement reflects strong growth and profitability.

Balance Sheet

The company's balance sheet indicates a healthy financial position with a low debt-to-equity ratio of 0.23 and a solid equity ratio of 57.9%. Return on equity (ROE) has improved to 20.2%, demonstrating effective use of equity to generate profits. Despite these strengths, the company should monitor liabilities as they have grown alongside assets.

Cash Flow

Cash flow analysis reveals that Jash Engineering Ltd. has faced declining free cash flow, though it remains positive. The operating cash flow to net income ratio stands at 0.54, suggesting room for improvement in cash generation relative to profit. Free cash flow growth has been negative, indicating potential challenges in capital management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.48B	7.35B	5.16B	4.02B	3.65B	2.99B
Gross Profit	3.67B	2.63B	1.53B	1.96B	808.07M	1.41B
EBITDA	1.34B	1.38B	1.02B	768.45M	528.36M	544.59M
Net Income	821.13M	876.95M	667.69M	517.01M	321.78M	305.19M
Balance Sheet
Total Assets	0.00	7.48B	6.04B	4.49B	3.69B	3.16B
Cash, Cash Equivalents and Short-Term Investments	1.14B	1.14B	1.01B	312.85M	118.28M	38.63M
Total Debt	0.00	990.46M	800.75M	818.84M	819.80M	719.88M
Total Liabilities	-4.36B	3.12B	2.53B	2.10B	1.82B	1.60B
Stockholders Equity	4.36B	4.33B	3.51B	2.39B	1.87B	1.56B
Cash Flow
Free Cash Flow	0.00	34.96M	339.69M	178.39M	15.27M	259.54M
Operating Cash Flow	0.00	473.48M	583.29M	339.57M	144.78M	354.21M
Investing Cash Flow	0.00	-762.79M	-682.79M	-158.46M	-163.73M	-121.07M
Financing Cash Flow	0.00	102.03M	319.12M	-132.81M	17.06M	-224.81M

Jash Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 458.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JASH, the sentiment is Negative. The current price of 458.25 is below the 20-day moving average (MA) of 481.93, below the 50-day MA of 495.99, and below the 200-day MA of 549.94, indicating a bearish trend. The MACD of -7.92 indicates Positive momentum. The RSI at 35.28 is Neutral, neither overbought nor oversold. The STOCH value of 12.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JASH.

Jash Engineering Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BBL	73 Outperform	₹34.01B	23.13	―	1.19%	16.36%	21.58%
PRECWIRE	72 Outperform	₹41.18B	43.06	―	0.51%	20.80%	20.82%
JASH	65 Neutral	₹29.88B	36.32	―	0.44%	32.20%	11.82%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HPL	61 Neutral	₹28.03B	29.45	―	0.24%	10.26%	77.36%
SALZERELEC	56 Neutral	₹13.59B	24.40	―	0.35%	21.51%	-17.75%

Jash Engineering Ltd. Corporate Events

Jash Engineering Ltd. Reports Strong Order Intake and Robust Order Book for September 2025

Jash Engineering Ltd. announced a substantial monthly order intake for September 2025, totaling Rs. 40 Cr., with Rs. 25 Cr. from the Indian market and Rs. 15 Cr. from international markets. The company’s consolidated order book as of October 1, 2025, stands at Rs. 869 Cr., with a significant portion, Rs. 587 Cr., coming from international markets, particularly the USA. This robust order book highlights Jash Engineering’s strong market positioning and growth potential, both domestically and internationally, indicating a positive outlook for stakeholders.

Jash Engineering Appoints Rakesh Bhawsar as Independent Director

Jash Engineering Limited has announced the appointment of Mr. Rakesh Bhawsar as a Non-Executive Independent Director for a five-year term, effective from August 7, 2025. Mr. Bhawsar, a seasoned Chartered Accountant with over 22 years of experience in various audits and consultancy, brings significant expertise in management, taxation, and strategic planning to the company. This appointment, approved by the shareholders during the Annual General Meeting, aligns with the company’s governance strategy and is expected to enhance its board’s independent oversight.

Jash Engineering Ltd. Appoints New Independent Director

Jash Engineering Limited has announced the appointment of Mr. Rakesh Bhawsar as a Non-Executive Independent Director, effective from August 7, 2025. Mr. Bhawsar, a seasoned Chartered Accountant with over 22 years of experience in various audits and consultancy, is expected to bring valuable expertise to the company. This strategic appointment, approved by shareholders during the Annual General Meeting, aims to strengthen the company’s governance and strategic planning capabilities, potentially enhancing its market position and operational efficiency.

Jash Engineering Appoints New Secretarial Auditor for Five-Year Term

Jash Engineering Limited has announced that its shareholders have approved the appointment of Mr. Ankit Joshi as the Secretarial Auditor for a five-year term, starting from the financial year 2025-26. This appointment, based on the recommendations of the Audit Committee and Board of Directors, signifies a strategic move to enhance the company’s compliance and corporate governance, potentially impacting its operational efficiency and stakeholder confidence.

Jash Engineering Discloses AGM Voting Results

Jash Engineering Limited has disclosed the voting results from its 51st Annual General Meeting held on September 16, 2025. The company submitted the scrutinizer’s report and voting results to the National Stock Exchange of India and BSE Limited, complying with SEBI regulations. This announcement is part of Jash Engineering’s regulatory obligations, ensuring transparency and adherence to corporate governance standards.

Jash Engineering Ltd. Reports Strong Order Intake and Expanding Global Presence

Jash Engineering Ltd. reported a consolidated order intake of Rs. 31 Cr. for August 2025, with Rs. 11 Cr. from Indian projects and Rs. 20 Cr. from international projects, highlighting significant contributions from companies like Toshiba Water and Valley Creek WRF. The company’s total consolidated order book stands at Rs. 863 Cr., with a substantial portion of Rs. 571 Cr. from international markets, primarily the USA, indicating robust global demand and positioning Jash Engineering as a key player in the engineering sector.