Jash Engineering Ltd. (IN:JASH)
:JASH
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Jash Engineering Ltd.
(JASH)
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Rating:65Neutral
Price Target:
₹431.00
▲(5.56% Upside)
Action:DowngradedDate:10/23/25
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.
Positive Factors
Strong revenue and margins
Sustained double-digit revenue growth and an improved 15% EBIT margin indicate durable product demand and improved operational efficiency. This combination supports reinvestment into manufacturing capacity and R&D, strengthens bidding competitiveness on large infrastructure projects, and underpins longer-term profit sustainability.
Negative Factors
Weak cash conversion
Declining free cash flow and an OCF-to-net-income ratio of 0.54 point to weak cash conversion from profits. For a project-driven manufacturer, this can constrain funding for capex, slow down working-capital cycles, and raise reliance on external financing for growth or tender-backed obligations over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and margins
Sustained double-digit revenue growth and an improved 15% EBIT margin indicate durable product demand and improved operational efficiency. This combination supports reinvestment into manufacturing capacity and R&D, strengthens bidding competitiveness on large infrastructure projects, and underpins longer-term profit sustainability.
Read all positive factors
Jash Engineering Ltd. (JASH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.34B
Dividend Yield0.47%
Average Volume (3M)5.86K
Price to Earnings (P/E)51.6
Beta (1Y)1.09
Revenue Growth25.52%
EPS Growth-4.18%
CountryIN
Employees565
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.10
Shares Outstanding63,193,720
10 Day Avg. Volume5,290
30 Day Avg. Volume5,856
Financial Highlights & Ratios
PEG Ratio1.55
Price to Book (P/B)8.39
Price to Sales (P/S)4.94
P/FCF Ratio1.04K
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)22.1
Revenue Forecast (FY)₹9.80B
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/penstoc...
How the Company Makes Money
JASH primarily makes money by selling engineered equipment and systems used in water and wastewater treatment and intake applications, along with ancillary products and services tied to those installations. Key revenue streams typically include: (...
Jash Engineering Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.66B | 7.35B | 5.16B | 4.02B | 3.65B | 2.99B |
| Gross Profit | 3.68B | 2.63B | 1.53B | 1.96B | 808.07M | 1.41B |
| EBITDA | 1.28B | 1.38B | 1.02B | 768.45M | 528.36M | 544.59M |
| Net Income | 772.66M | 876.95M | 667.69M | 517.01M | 321.78M | 305.19M |
Balance Sheet | ||||||
| Total Assets | 7.72B | 7.48B | 6.04B | 4.49B | 3.69B | 3.16B |
| Cash, Cash Equivalents and Short-Term Investments | 1.24B | 1.14B | 1.01B | 312.85M | 118.28M | 38.63M |
| Total Debt | 1.12B | 990.46M | 800.75M | 818.84M | 819.80M | 719.88M |
| Total Liabilities | 3.27B | 3.12B | 2.53B | 2.10B | 1.82B | 1.60B |
| Stockholders Equity | 4.43B | 4.33B | 3.51B | 2.39B | 1.87B | 1.56B |
Cash Flow | ||||||
| Free Cash Flow | 406.00K | 34.96M | 339.69M | 178.39M | 15.27M | 259.54M |
| Operating Cash Flow | 243.23M | 473.48M | 583.29M | 339.57M | 144.78M | 354.21M |
| Investing Cash Flow | -190.12M | -762.79M | -682.79M | -158.46M | -163.73M | -121.07M |
| Financing Cash Flow | 20.02M | 102.03M | 319.12M | -132.81M | 17.06M | -224.81M |
Jash Engineering Ltd. Technical Analysis
Positive
408.30
Price Trends
382.67
Positive
408.06
Negative
466.47
Negative
Market Momentum
2.38
Negative
58.97
Neutral
79.28
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 above the 20-day moving average (MA) of 368.73, above the 50-day MA of 382.67, and below the 200-day MA of 466.47, indicating a neutral trend. The MACD of 2.38 indicates Negative momentum. The RSI at 58.97 is Neutral, neither overbought nor oversold. The STOCH value of 79.28 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹62.27B | 28.77 | ― | 0.48% | 19.03% | 36.25% | |
70 Outperform | ₹27.90B | 30.72 | ― | 1.27% | 16.36% | 21.58% | |
65 Neutral | ₹25.34B | 51.58 | ― | 0.47% | 25.52% | -4.18% | |
65 Neutral | ₹20.97B | 33.68 | ― | 0.24% | 6.08% | 49.44% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹10.34B | 24.44 | ― | 0.36% | 21.51% | -17.75% | |
54 Neutral | ₹19.33B | 47.55 | ― | ― | 21.51% | 28.36% |
* Industrials Sector Average
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Jash Engineering Ltd. Corporate Events
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...
Jash Engineering Inaugurates Final SEZ Plant at Pithampur to Boost Export Capacity
Feb 2, 2026
Jash Engineering Limited has announced the inauguration of a new 70,000-square-foot manufacturing plant in the SEZ at Pithampur, Madhya Pradesh, scheduled for 14 February 2026. The facility completes the company’s trilogy of SEZ plants at Pi...
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.