Jash Engineering Ltd. (IN:JASH)
:JASH
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Jash Engineering Ltd.
(JASH)
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Rating:67Neutral
Price Target:
₹546.00
▲(33.73% Upside)
Action:Reiterated
Date:06/16/26
The score is driven by solid underlying financial strength (notably the conservative balance sheet) and strong technical momentum with the stock trading above key moving averages. Offsetting these positives are weaker cash conversion and recent margin/growth softness, alongside a demanding valuation (high P/E and low dividend yield) that limits upside support.
Positive Factors
Conservative balance sheet
Low leverage (D/E ~0.20) and structurally improving balance-sheet metrics provide financial resilience. This reduces refinancing risk, supports bidding on infrastructure/EPC projects, and preserves capacity to fund capex or absorb cyclical downturns without stressing solvency over the next 2–6 months.
Negative Factors
Weak cash conversion
Operating cash flow lagging net income and modest free cash flow coverage point to working-capital strain or timing differences. Poor cash conversion reduces self-funding for capex, delays deleveraging or dividend capacity, and raises reliance on external financing during project cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage (D/E ~0.20) and structurally improving balance-sheet metrics provide financial resilience. This reduces refinancing risk, supports bidding on infrastructure/EPC projects, and preserves capacity to fund capex or absorb cyclical downturns without stressing solvency over the next 2–6 months.
Read all positive factors
Jash Engineering Ltd. (JASH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.21B
Dividend Yield0.47%
Average Volume (3M)5.86K
Price to Earnings (P/E)40.8
Beta (1Y)0.94
Revenue Growth0.14%
EPS Growth-13.52%
CountryIN
Employees565
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)12.24
Shares Outstanding63,193,720
10 Day Avg. Volume5,290
30 Day Avg. Volume5,856
Financial Highlights & Ratios
PEG Ratio-1.99
Price to Book (P/B)4.21
Price to Sales (P/S)2.97
P/FCF Ratio218.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.8
Revenue Forecast (FY)₹9.42B
Jash Engineering Ltd. Business Overview & Revenue Model
Company Description
Jash Engineering Limited, an Indian firm, specializes in the production, distribution, and sale of a diverse range of engineering solutions. These products primarily cater to general engineering, water and wastewater management, power generation, ...
How the Company Makes Money
Jash Engineering generates revenue primarily by designing, manufacturing, and selling water and wastewater infrastructure equipment and engineered systems to customers such as municipal bodies, utilities, and industrial facilities. Its key revenue...
Jash Engineering Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.66B | 7.36B | 7.35B | 5.16B | 4.02B | 3.65B |
| Gross Profit | 3.68B | 2.44B | 2.63B | 1.53B | 1.96B | 808.07M |
| EBITDA | 1.28B | 1.02B | 1.38B | 1.02B | 768.45M | 528.36M |
| Net Income | 772.66M | 761.82M | 876.95M | 667.69M | 517.01M | 321.78M |
Balance Sheet | ||||||
| Total Assets | 7.72B | 8.81B | 7.48B | 6.04B | 4.49B | 3.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.24B | 1.07B | 1.14B | 1.01B | 312.85M | 118.28M |
| Total Debt | 1.12B | 1.03B | 990.46M | 800.75M | 818.84M | 819.80M |
| Total Liabilities | 3.27B | 3.56B | 3.12B | 2.53B | 2.10B | 1.82B |
| Stockholders Equity | 4.43B | 5.19B | 4.33B | 3.51B | 2.39B | 1.87B |
Cash Flow | ||||||
| Free Cash Flow | 406.00K | 100.24M | 34.96M | 339.69M | 178.39M | 15.27M |
| Operating Cash Flow | 243.23M | 471.69M | 473.48M | 583.29M | 339.57M | 144.78M |
| Investing Cash Flow | -190.12M | -256.55M | -762.79M | -682.79M | -158.46M | -163.73M |
| Financing Cash Flow | 20.02M | -63.52M | 102.03M | 319.12M | -132.81M | 17.06M |
Jash Engineering Ltd. Technical Analysis
Positive
408.30
Price Trends
418.65
Positive
399.42
Positive
434.49
Positive
Market Momentum
23.41
Negative
67.91
Neutral
77.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JASH, the sentiment is Positive. The current price of 408.3 is below the 20-day moving average (MA) of 439.20, below the 50-day MA of 418.65, and below the 200-day MA of 434.49, indicating a bullish trend. The MACD of 23.41 indicates Negative momentum. The RSI at 67.91 is Neutral, neither overbought nor oversold. The STOCH value of 77.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JASH.
Jash Engineering Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹21.99B | 20.61 | ― | 0.63% | -1.21% | -5.31% | |
67 Neutral | ₹31.21B | 40.76 | ― | 0.47% | 0.14% | -13.52% | |
65 Neutral | ₹34.66B | 45.23 | ― | 1.06% | -14.21% | -20.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹18.96B | 38.50 | ― | 0.30% | 14.36% | -1.40% | |
54 Neutral | ₹21.67B | 15.63 | ― | ― | 12.20% | 16.37% | |
46 Neutral | ₹28.82B | -975.46 | ― | 0.19% | 54.71% | -128.51% |
* Industrials Sector Average
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Jash Engineering Ltd. Corporate Events
Jash Engineering Posts Robust May Orders and Rs. 888 Crore Order Book
Jun 10, 2026
Jash Engineering Ltd. reported consolidated order intake of Rs. 34 crore in May 2026, with Rs. 15 crore from the Indian market and Rs. 19 crore from overseas, driven by key contracts from Indian clients like Pulkit Projects and Laxmi Civil Enginee...
Jash Engineering posts earnings call recording to enhance investor access
May 27, 2026
Jash Engineering Ltd. has notified the exchanges that the audio recording of its earnings conference call, held on May 27, 2026 to discuss audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, has bee...
Jash Engineering Flags Flat FY26 Revenue, Builds Order Book Amid Tariff Reset
Apr 12, 2026
Jash Engineering Ltd. reported consolidated unaudited revenue of about Rs. 736 crore for FY 2025-26, flat versus Rs. 735 crore a year earlier and below its revised projection of Rs. 775-800 crore, as U.S. tariff hikes and the Middle East war disru...
Jash Engineering Publishes Postal Ballot and E-voting Notice in Newspapers
Apr 12, 2026
Jash Engineering Ltd. has notified the stock exchanges that it has published newspaper advertisements in the Financial Express (Mumbai edition) and Choutha Sansar, announcing details of a postal ballot notice and e-voting information for sharehold...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.