Jerash Holdings (US) (JRSH) AI Stock Analysis

• Market Cap: $42.67M
• Dividend Yield: 5.94%
• Average Volume (3M): 32.27K
• Price to Earnings (P/E): 51.8
• Beta (1Y): 0.34
• Revenue Growth: 17.12%
• EPS Growth: N/A
• Country: US
• Employees: 5,600
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.03
• Shares Outstanding: 12,699,940
• 10 Day Avg. Volume: 27,009
• 30 Day Avg. Volume: 32,271
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 1.73
• Enterprise Value/Ebitda: 5.85
• 1Y Price Target: $4.17
• Price Target Upside: 24.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 52 Neutral
• Price Target: $3.50 ▲(4.17% Upside)

Jerash Holdings' overall stock score reflects a combination of financial challenges and mixed technical and valuation signals. The stable balance sheet and attractive dividend yield are positive factors, but they are offset by low profitability, cash flow issues, and potential strategic impacts from the joint venture termination.

Jerash Holdings (US) Business Overview & Revenue Model

Company Description

Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and readymade sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Jordan, and internationally. The company was incorporated in 2016 and is headquartered in Fairfield, New Jersey.

How the Company Makes Money

Jerash Holdings generates revenue primarily through the production and sale of private-label apparel to prominent retail partners in the United States and internationally. The company’s revenue model includes long-term contracts with major retailers, which allows for stable and recurring income. Key revenue streams include the sale of manufactured garments, custom designs for clients, and potential licensing agreements. Additionally, Jerash Holdings benefits from operational efficiencies in its Jordanian manufacturing facilities, which provide cost advantages in production. The company’s focus on quality and compliance with international standards also enhances its appeal to retail partners, contributing positively to its earnings.

Jerash Holdings (US) Financial Statement Overview

Summary

Jerash Holdings demonstrates strong revenue growth and a stable balance sheet with low leverage. However, challenges in profitability and cash flow consistency remain, which slightly dampens the overall financial performance.

Income Statement

Jerash Holdings shows a mixed income statement performance. The company experienced a negative net profit margin in the most recent year, indicating profitability challenges. Revenue has grown significantly over the past few years, but recent profitability metrics such as EBIT and EBITDA margins are under pressure. However, the long-term revenue growth trajectory looks positive, which is a strength.

Balance Sheet

The balance sheet of Jerash Holdings reflects a stable financial position with a strong equity base. The debt-to-equity ratio is low, indicating low leverage, and the equity ratio remains robust, showcasing a solid capital structure. Return on equity has been inconsistent, which may indicate potential inefficiencies in generating returns on shareholders' equity.

Cash Flow

Cash flow analysis reveals a mixed picture. Operating cash flow has been generally positive, but free cash flow has shown volatility. The company's ability to convert operating cash flow into net income improved significantly in the latest year. However, the inconsistency in free cash flow growth raises some concerns about cash generation stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.51M	145.81M	117.19M	138.06M	143.35M	90.21M
Gross Profit	23.77M	22.32M	16.90M	21.79M	27.33M	16.00M
EBITDA	7.05M	5.14M	3.13M	8.27M	13.44M	7.94M
Net Income	815.52K	-848.37K	-2.01M	2.42M	7.92M	4.15M
Balance Sheet
Total Assets	81.74M	82.98B	80.25M	83.72M	85.31M	73.25M
Cash, Cash Equivalents and Short-Term Investments	5.80M	13.35M	12.43M	17.80M	25.68M	21.13M
Total Debt	534.00K	5.14M	989.10K	768.75K	1.61M	1.95M
Total Liabilities	18.95M	20.11M	15.81M	15.49M	16.01M	16.56M
Stockholders Equity	62.73M	62.82M	64.39M	68.23M	69.30M	56.39M
Cash Flow
Free Cash Flow	-5.27M	-675.97K	-2.36M	5.00M	3.91M	-2.39M
Operating Cash Flow	-2.91M	1.36M	2.48M	10.81M	8.96M	-1.50M
Investing Cash Flow	-2.70M	-2.37M	-5.14M	-13.78M	-8.67M	-894.26K
Financing Cash Flow	159.06K	2.05M	-2.43M	-3.95M	3.29M	-1.65M

Jerash Holdings (US) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JRSH, the sentiment is Positive. The current price of 3.36 is above the 20-day moving average (MA) of 3.30, above the 50-day MA of 3.28, and above the 200-day MA of 3.24, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.62 is Neutral, neither overbought nor oversold. The STOCH value of 20.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JRSH.

Jerash Holdings (US) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	£1.74B	9.21	4.55%	3.51%	0.65%	-43.22%
LAKE	55 Neutral	$142.15M	―	-17.61%	0.79%	34.28%	-495.11%
JRSH	52 Neutral	$42.67M	51.77	1.30%	5.94%	17.12%	―
VNCE	47 Neutral	$18.50M	6.22	-63.56%	―	1.46%	-191.66%
CULP	45 Neutral	$50.61M	―	-28.56%	―	-5.37%	-37.39%
UFI	42 Neutral	$80.79M	―	-7.94%	―	-1.87%	57.41%
XELB	39 Underperform	$5.71M	―	-65.44%	―	-42.62%	-7.75%

Jerash Holdings (US) Corporate Events

Jerash Holdings Ends Joint Venture with Newtech

On August 20, 2025, Jerash Holdings (US), Inc., through its subsidiary Treasure Success International Limited, and Newtech Textile (HK) Limited decided to deregister their joint venture, Jerash Newtech (Hong Kong) Holdings Limited, as it had not commenced business since its incorporation and had no outstanding liabilities. This decision marks the termination of their joint venture agreement, impacting the company’s strategic operations and market positioning.

Jerash Holdings Declares Quarterly Dividend for August 2025

On August 8, 2025, Jerash Holdings (US), Inc. announced that its board of directors declared a regular quarterly dividend of $0.05 per share of common stock, payable on or about August 29, 2025, to stockholders of record as of August 22, 2025. This decision reflects the company’s ongoing commitment to providing value to its shareholders and may enhance its attractiveness to investors seeking consistent returns.

Jerash Holdings Ends Joint Venture with Eratex

Jerash Holdings (US), Inc. announced the termination of its joint venture with P. T. Eratex (Hong Kong) Limited, which was established in March 2023. The decision to dissolve the joint venture, J&B International Limited, was made during a shareholders’ meeting on June 16, 2025, with completion expected by April 2027, impacting the company’s operational strategy and market presence.