Jaiprakash Associates Limited (IN:JPASSOCIAT)
:JPASSOCIAT
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Jaiprakash Associates Limited
(JPASSOCIAT)
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Rating:39Underperform
Price Target:
₹2.50
▼(-29.38% Downside)
Action:DowngradedDate:03/05/26
The score is primarily constrained by very weak financial health—especially negative equity and ongoing losses—creating elevated solvency and execution risk. Technicals are also bearish with the stock trading below all key moving averages and negative MACD, despite oversold readings. Valuation signals are mixed: the negative P/E reflects losses, and the unusually high dividend yield appears risky rather than supportive.
Positive Factors
Diversified business model
Operating across EPC, cement, real estate, hospitality and power provides multiple revenue streams and reduces reliance on a single cyclical market. This diversification offers durable optionality: while one segment underperforms, others can sustain cash generation and support restructuring over months.
Negative Factors
Severely impaired balance sheet
Significantly negative equity implies insolvency risk and materially weakens access to new debt or supplier credit. Over months this constrains bidding for new projects, increases refinancing risk, and forces reliance on asset sales or creditor negotiations, limiting operational flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Operating across EPC, cement, real estate, hospitality and power provides multiple revenue streams and reduces reliance on a single cyclical market. This diversification offers durable optionality: while one segment underperforms, others can sustain cash generation and support restructuring over months.
Read all positive factors
Jaiprakash Associates Limited (JPASSOCIAT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.92B
Dividend YieldN/A
Average Volume (3M)712.97K
Price to Earnings (P/E)―
Beta (1Y)-0.05
Revenue Growth-36.62%
EPS Growth43.81%
CountryIN
Employees4,939
SectorReal Estate
Sector Strength53
IndustryConglomerates
Share Statistics
EPS (TTM)-2.80
Shares Outstanding2,454,595,700
10 Day Avg. Volume1,347,821
30 Day Avg. Volume712,965
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.14
Price to Sales (P/S)0.13
P/FCF Ratio1.77
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)N/A
Revenue Forecast (FY)N/A
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, Pow...
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 go...
Jaiprakash Associates Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.44B | 57.96B | 46.18B | 43.85B | 35.16B | 48.21B |
| Gross Profit | 8.50B | 10.97B | 13.14B | -21.56B | -11.64B | 6.44B |
| EBITDA | 543.50M | -10.94B | 5.81B | 7.05B | 5.98B | 9.07B |
| Net Income | -12.53B | -27.41B | -13.40B | -13.42B | -14.78B | -6.62B |
Balance Sheet | ||||||
| Total Assets | 332.57B | 346.02B | 361.41B | 377.68B | 373.91B | 363.62B |
| Cash, Cash Equivalents and Short-Term Investments | 24.08B | 28.75B | 9.20B | 4.97B | 3.58B | 6.05B |
| Total Debt | 174.67B | 184.97B | 154.12B | 164.58B | 190.97B | 191.46B |
| Total Liabilities | 385.53B | 400.55B | 387.86B | 390.71B | 373.47B | 348.20B |
| Stockholders Equity | -51.49B | -53.20B | -25.94B | -12.51B | 846.60M | 15.62B |
Cash Flow | ||||||
| Free Cash Flow | -3.79B | 4.10B | 8.45B | 6.45B | -1.46B | 9.68B |
| Operating Cash Flow | -3.45B | 5.58B | 10.74B | 7.61B | 205.20M | 10.76B |
| Investing Cash Flow | 4.64B | -2.19B | 1.34B | -1.16B | 596.30M | -30.10M |
| Financing Cash Flow | -1.47B | -4.12B | -9.60B | -6.25B | -2.81B | -7.43B |
Jaiprakash Associates Limited Technical Analysis
Negative
3.54
Price Trends
2.83
Negative
3.22
Negative
3.32
Negative
Market Momentum
-0.12
Negative
32.81
Neutral
<0.01
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 above the 20-day moving average (MA) of 2.44, above the 50-day MA of 2.83, and above the 200-day MA of 3.32, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 32.81 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹621.04B | 20.86 | ― | 0.38% | 9.04% | 12.80% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ₹11.99B | 0.39 | ― | ― | 82.30% | -44.25% | |
58 Neutral | ₹42.22B | 115.46 | ― | ― | 13.36% | -50.07% | |
57 Neutral | ₹112.67B | 780.79 | ― | ― | -17.70% | -50.89% | |
39 Underperform | ₹5.92B | -0.32 | ― | ― | -36.62% | 43.81% |
* Real Estate Sector Average
IN:JPASSOCIAT
Jaiprakash Associates Limited
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Jaiprakash Associates Limited Corporate Events
Jaiprakash Associates Says Executive Director Manoj Gaur Granted 14-Day Interim Bail
Jan 25, 2026
Jaiprakash Associates Limited has notified the stock exchanges that its Executive Director, Manoj Gaur, who was arrested in connection with an Enforcement Directorate investigation under the Prevention of Money Laundering Act involving Jaypee Infr...
Jaiprakash Associates Reports No Physical Share Transfer Requests
Dec 16, 2025
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...
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.