Jaiprakash Associates Limited (JPASSOCIAT) AI Stock Analysis

• Market Cap: ₹7.90B
• Dividend Yield: N/A
• Average Volume (3M): 712.97K
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹3.00 ▼(-12.02% Downside)

The overall stock score reflects significant financial instability and bearish technical indicators. The company's negative profit margins, weak balance sheet, and lack of profitability are major concerns. Technical analysis indicates a bearish trend, with the stock being oversold. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively suggest a high-risk investment.

Positive Factors

Cash Generation Ability

The ability to generate positive free cash flow indicates some resilience in cash management, which is crucial for maintaining operations and funding potential restructuring efforts.

Diversified Revenue Streams

Diversification across multiple sectors helps mitigate risks associated with downturns in any single industry, providing a more stable revenue base over the long term.

Industry Position

Being a significant player in key industries like construction and cement provides competitive advantages through established relationships and market recognition, aiding in securing future contracts.

Negative Factors

Weak Balance Sheet

Negative equity suggests potential insolvency, which can severely limit the company's ability to raise capital and invest in growth opportunities, threatening long-term viability.

Declining Revenue

A significant decline in revenue growth reflects challenges in maintaining market share and competitiveness, potentially impacting future profitability and operational sustainability.

Operational Inefficiencies

Persistent operational inefficiencies lead to negative margins, indicating the company struggles to control costs and optimize operations, which can erode competitive positioning over time.

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: Positive
• Last Price: 3.41
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JPASSOCIAT, the sentiment is Positive. The current price of 3.41 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.32, and below the 200-day MA of 3.49, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 65.64 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	₹122.88B	22.41	―	―	-17.70%	-50.89%
JSL	67 Neutral	₹608.92B	23.66	―	0.40%	9.04%	12.80%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
JSFB	62 Neutral	₹47.09B	11.43	―	―	13.36%	-50.07%
JPOLYINVST	53 Neutral	₹10.26B	3.39	―	―	82.30%	-44.25%
JPASSOCIAT	39 Underperform	₹7.90B	-0.53	―	―	-36.62%	43.81%

Jaiprakash Associates Limited Corporate Events

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.

Jaiprakash Associates Limited to Hold Virtual AGM with E-Voting

Jaiprakash Associates Limited has announced that its 28th Annual General Meeting (AGM) will be held on September 29, 2025, via video conferencing and other audio-visual means, in compliance with the Ministry of Corporate Affairs’ guidelines. The company is facilitating remote e-voting for its members to ensure participation in the decision-making process, with the voting window open from September 26 to September 28, 2025. This approach reflects the company’s adaptation to digital solutions for corporate governance, potentially impacting shareholder engagement and operational transparency.

Jaiprakash Associates Submits Business Responsibility and Sustainability Report for FY 2024-25

Jaiprakash Associates Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the fiscal year 2024-25, as per the SEBI regulations. This submission reflects the company’s commitment to transparency and sustainability in its operations, which is crucial given its ongoing corporate insolvency resolution process. The report is submitted on a consolidated basis, covering all entities within its financial statements, and highlights the company’s efforts in maintaining responsible business practices across its diverse operations.

Jaiprakash Associates Announces Book Closure for AGM

Jaiprakash Associates Limited has announced the closure of its Register of Members and Share Transfer Books from September 23 to September 29, 2025, for its 28th Annual General Meeting. This move allows shareholders to participate in voting processes, reflecting the company’s ongoing commitment to corporate governance amidst its Corporate Insolvency Resolution Plan.