Jaiprakash Associates Limited (JPASSOCIAT) AI Stock Analysis

• Market Cap: ₹8.27B
• Dividend Yield: N/A
• Average Volume (3M): 712.97K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.23
• Revenue Growth: -36.62%
• EPS Growth: 43.81%
• Country: IN
• Employees: 4,939
• Sector: Real Estate
• Sector Strength: 53
• Industry: Conglomerates
• EPS (TTM): -0.28
• Shares Outstanding: 2,454,595,700
• 10 Day Avg. Volume: 1,347,821
• 30 Day Avg. Volume: 712,965
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.14
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 1.77
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹3.00 ▼(-15.25% Downside)

The overall stock score is heavily influenced by the company's poor financial performance, marked by significant operational inefficiencies and financial instability. Technical analysis indicates some short-term positive momentum, but overbought conditions suggest caution. Valuation metrics are unfavorable due to negative earnings and lack of dividends, further weighing down the score.

Positive Factors

Cash Generation Ability

The ability to generate positive free cash flow, even amidst operational difficulties, indicates resilience in cash management, which is crucial for sustaining operations and funding future projects.

Diverse Revenue Streams

A diversified revenue base across multiple sectors like construction, cement, and power generation reduces dependency on a single market, providing stability and growth opportunities.

Industry Position

Being a significant player in the construction and cement industry in India provides competitive advantages and opportunities for securing large-scale contracts, supporting long-term growth.

Negative Factors

Financial Instability

Negative stockholders' equity suggests potential insolvency, posing a significant risk to financial stability and limiting the company's ability to invest in growth initiatives.

Operational Inefficiencies

Ongoing operational inefficiencies, as evidenced by negative margins, hinder profitability and could impact the company's ability to compete effectively in the market.

Revenue Decline

Inconsistent revenue growth and negative profit margins indicate challenges in maintaining a stable income stream, which could affect long-term financial health and market position.

Jaiprakash Associates Limited Business Overview & Revenue Model

Company Description

Jaiprakash Associates Limited operates as a diversified infrastructure conglomerate in India and internationally. The company operates through Construction, Cement & Cement Products, Hotel/Hospitality & Golf Course, Sports Events, Real Estate, Power, Infrastructure Projects, Investments, Fertilizers, Health Care, and Others segments. It constructs river valley, hydropower projects, expressways, and irrigation projects; manufactures and sells lime, plaster, and Portland Pozzolana cement under the Jaypee Cement brand; and generates and transmits hydro, thermal, and wind power. The company also operates hotels, golf courses, resorts, and spas; conducts sports related events; and builds golf residences and townships. In addition, it manufactures and sells urea, micro nutrients, zinc sulphate mono hydrate, and organic manure under the Jaypee Chaand Chaap brand; and owns and operates the Jaypee hospital that consists of 525 beds with range of facilities, including OPD, laboratory and X- Ray facility, nebulizer, and diathermy. Further, the company is involved in the coal and mineral extraction activity; and provision of heavy engineering, aviation, waste treatment, and man power services, as well as hitech castings and edible oils. Additionally, it provides IT infrastructure management, agricultural content development, and multimedia and content development services, as well as teaching learning solutions. Jaiprakash Associates Limited was founded in 1979 and is based in New Delhi, India.

How the Company Makes Money

Jaiprakash Associates Limited generates revenue primarily through its core operations in infrastructure and cement production. The company earns money by executing large-scale construction contracts, which include civil engineering projects for government and private clients. Additionally, the cement division contributes significantly to revenues by producing and selling various grades of cement, which are essential for construction activities. Other revenue streams include power generation from its hydropower plants and real estate development through residential and commercial projects. Key partnerships with government bodies and private enterprises enhance its project pipeline and revenue potential. The company's extensive experience and established reputation in the industry also play a crucial role in securing contracts and maintaining profitability.

Jaiprakash Associates Limited Financial Statement Overview

Summary

Jaiprakash Associates Limited faces significant financial challenges, with operational inefficiencies reflected in negative profit margins and declining revenue. The balance sheet is weak, with negative equity indicating potential insolvency. Cash flow management shows some resilience, but overall financial health remains precarious, necessitating urgent strategic review and restructuring to stabilize the financial position.

Income Statement

The company has shown a concerning decline in income statement metrics, with negative EBIT and EBITDA margins in the most recent year, reflecting operational inefficiencies. Gross profit margin has also decreased significantly. Revenue growth is inconsistent, and net profit margins have been negative over the last few years, indicating ongoing profitability challenges.

Balance Sheet

The balance sheet indicates financial instability, highlighted by significantly negative stockholders' equity, which suggests insolvency. The debt-to-equity ratio is not meaningful due to negative equity, and high total debt levels pose substantial financial risk.

Cash Flow

Despite operational challenges, the company has managed to generate positive free cash flow. However, the operating cash flow to net income ratio is volatile, and free cash flow growth is inconsistent. The ability to maintain positive cash flow amid net losses is a positive aspect, but sustainability is questionable without profitability improvements.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.33B	57.96B	46.18B	43.85B	35.16B	48.21B
Gross Profit	9.26B	10.97B	13.14B	-21.56B	-11.64B	6.44B
EBITDA	1.37B	-10.94B	5.81B	7.05B	5.98B	9.07B
Net Income	-14.77B	-27.41B	-13.40B	-13.42B	-14.78B	-6.62B
Balance Sheet
Total Assets	0.00	346.02B	361.41B	377.68B	373.91B	363.62B
Cash, Cash Equivalents and Short-Term Investments	12.35B	28.75B	9.20B	4.97B	3.58B	6.05B
Total Debt	0.00	184.97B	154.12B	164.58B	190.97B	191.46B
Total Liabilities	54.53B	400.55B	387.86B	390.71B	373.47B	348.20B
Stockholders Equity	-54.53B	-53.20B	-25.94B	-12.51B	846.60M	15.62B
Cash Flow
Free Cash Flow	0.00	4.10B	8.45B	6.45B	-1.46B	9.68B
Operating Cash Flow	0.00	5.58B	10.74B	7.61B	205.20M	10.76B
Investing Cash Flow	0.00	-2.19B	1.34B	-1.16B	596.30M	-30.10M
Financing Cash Flow	0.00	-4.12B	-9.60B	-6.25B	-2.81B	-7.43B

Jaiprakash Associates Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JPASSOCIAT, the sentiment is Negative. The current price of 3.54 is below the 20-day moving average (MA) of 3.79, below the 50-day MA of 3.60, and above the 200-day MA of 3.44, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 24.65 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JPASSOCIAT.

Jaiprakash Associates Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JPPOWER	69 Neutral	₹113.01B	20.61	―	―	-17.70%	-50.89%
JSL	67 Neutral	₹653.72B	23.60	―	0.38%	9.04%	12.80%
JPOLYINVST	66 Neutral	₹9.99B	4.53	―	―	82.30%	-44.25%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
JSFB	62 Neutral	₹42.30B	10.26	―	―	13.36%	-50.07%
JPASSOCIAT	41 Neutral	₹8.27B	-0.66	―	―	-36.62%	43.81%

Jaiprakash Associates Limited Corporate Events

Jaiprakash Associates Reports No Physical Share Transfer Requests

Jaiprakash Associates Limited has announced the re-lodgement of transfer requests for physical shares, in compliance with a SEBI circular. The company reported no requests for re-lodgement were received or processed in the month ending November 30, 2025, indicating no immediate impact on its operations or stakeholder interests.

Jaiprakash Associates Advances in Insolvency Resolution with Adani Plan

Jaiprakash Associates Limited has announced that its committee of creditors has approved a resolution plan submitted by Adani Enterprises Limited as part of its corporate insolvency resolution process. The resolution professional has filed an application with the National Company Law Tribunal (NCLT) Allahabad Bench seeking approval of this plan, which marks a significant step in the company’s restructuring efforts under the Insolvency and Bankruptcy Code.

Jaiprakash Associates Publishes Un-audited Financial Results for September 2025

Jaiprakash Associates Limited has announced the publication of its un-audited financial results for the quarter and half-year ending on September 30, 2025. The results have been published in Financial Express and Jansatta newspapers and are also available on the company’s website. This announcement is part of the company’s compliance with SEBI regulations, ensuring transparency and timely disclosure of financial performance to stakeholders.

Jaiprakash Associates Secures Creditor Approval in Insolvency Process

Jaiprakash Associates Limited, currently undergoing a Corporate Insolvency Resolution Process, has announced the approval of a key resolution by its Committee of Creditors. The resolution, which required a 51% voting threshold, achieved an 89.07% approval, ratifying the deadline for submission of signed resolution plans. This development marks a significant step in the company’s insolvency proceedings, potentially impacting its restructuring efforts and providing clarity to stakeholders.