Jerash Holdings (US) Inc (JRSH)
NASDAQ:JRSH
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Jerash Holdings (US)
(NASDAQ:JRSH)
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Rating:57Neutral
Price Target:
$3.50
▲(8.70% Upside)
Action:Reiterated
Date:05/04/26
The score is held back mainly by volatile earnings and weak recent cash generation despite a strong low-leverage balance sheet. Valuation helps with a low P/E and high yield, while technicals show an uptrend but are overextended. Corporate events are supportive (dividend continuity and capacity expansion) but do not fully offset cash-flow and execution risks.
Positive Factors
Low-leverage balance sheet
A conservative, low-debt balance sheet provides durable financial flexibility: it cushions against demand shocks, supports capital allocation (dividends, capex) and reduces solvency risk. This structural strength gives management optionality during cyclical apparel demand swings.
Negative Factors
Weak recent cash generation
Sustained negative operating and free cash flow erodes liquidity and forces reliance on external financing to fund operations, dividends, or capex. Over months, weak cash conversion raises refinancing and working-capital risks and constrains the ability to scale the business without added leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-leverage balance sheet
A conservative, low-debt balance sheet provides durable financial flexibility: it cushions against demand shocks, supports capital allocation (dividends, capex) and reduces solvency risk. This structural strength gives management optionality during cyclical apparel demand swings.
Read all positive factors
Jerash Holdings (US) Key Performance Indicators (KPIs)
Jerash Holdings (US) (JRSH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.02M
Dividend Yield6.75%
Average Volume (3M)191.68K
Price to Earnings (P/E)8.3
Beta (1Y)0.41
Revenue Growth10.48%
EPS GrowthN/A
CountryUS
Employees5,600
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.14
Shares Outstanding12,699,940
10 Day Avg. Volume393,297
30 Day Avg. Volume191,677
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)0.67
Price to Sales (P/S)0.29
P/FCF Ratio-62.01
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue0.26
Enterprise Value/Gross Profit1.60
Enterprise Value/Ebitda4.88
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.31
Revenue Forecast (FY)$175.65M
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 knitt...
How the Company Makes Money
Jerash Holdings primarily makes money by manufacturing apparel for third-party brands and earning revenue from the sale of finished garments to those customers under manufacturing supply arrangements. Its core revenue stream is cut-and-sew product...
Jerash Holdings (US) Earnings Call Summary
Earnings Call Date:Feb 11, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jul 01, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. While there was notable revenue growth and optimistic future projections with increased capacity and customer demand, significant challenges were highlighted due to geopolitical issues impacting shipping, increased costs, and a high effective tax rate, resulting in minimal net income.Positive Updates
Significant Revenue Growth
Revenue for fiscal 2025 third quarter increased by 28.6% to $35.4 million from $27.5 million in the same quarter last year, driven by an increase in shipments to major U.S. customers.
Negative Updates
Geopolitical Impact and Shipping Delays
Sales were impacted by congestion at Israel's Haifa Port due to geopolitical turmoil, causing long delays in shipments and affecting revenue by approximately $6 million.
Read all updates
Q3-2025 Updates
Positive
Negative
Significant Revenue Growth
Revenue for fiscal 2025 third quarter increased by 28.6% to $35.4 million from $27.5 million in the same quarter last year, driven by an increase in shipments to major U.S. customers.
Read all positive updates
Company Guidance
During the fiscal 2025 third-quarter earnings call, Jerash Holdings highlighted several key metrics. The company's revenue increased by 28.6% to $35.4 million compared to the previous year, despite shipping delays caused by congestion at Israel's Haifa Port. These delays impacted approximately $6 million in shipments, leading to additional storage costs of over $100,000. Gross profit rose 20.6% to $5.4 million, although the gross margin decreased slightly to 15.2% due to elevated logistics costs. Operating income saw a significant jump of 88.3% to $708,000. The company also reported a notable increase in income tax expenses, with an effective tax rate of 98.6%, primarily due to prior year adjustments. Looking ahead, Jerash expects revenue growth of 50% to 53% in the fourth quarter, with a gross margin goal of 15% to 16%. They are expanding their production capacity, with a 15% increase expected by June 2025, and further plans to increase capacity by an additional 5% to 10% by the end of the calendar year.Jerash Holdings (US) Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.62M | 145.81M | 117.19M | 138.06M | 143.35M | 90.21M |
| Gross Profit | 24.55M | 22.32M | 16.90M | 21.79M | 27.33M | 16.00M |
| EBITDA | 8.04M | 5.14M | 3.13M | 8.27M | 13.44M | 7.94M |
| Net Income | 1.80M | -848.37K | -2.01M | 2.42M | 7.92M | 4.15M |
Balance Sheet | ||||||
| Total Assets | 84.21M | 84.95M | 80.25M | 83.72M | 85.31M | 73.25M |
| Cash, Cash Equivalents and Short-Term Investments | 11.45M | 13.35M | 12.43M | 17.80M | 25.68M | 21.84M |
| Total Debt | 9.70M | 5.14M | 989.10K | 768.75K | 1.61M | 1.88M |
| Total Liabilities | 20.56M | 22.08M | 15.81M | 15.49M | 16.01M | 16.86M |
| Stockholders Equity | 63.59M | 62.82M | 64.39M | 68.23M | 69.30M | 56.39M |
Cash Flow | ||||||
| Free Cash Flow | -3.45M | -675.97K | -2.36M | 5.00M | 3.91M | -2.39M |
| Operating Cash Flow | -1.55M | 1.36M | 2.48M | 10.81M | 8.96M | -1.50M |
| Investing Cash Flow | -2.07M | -2.37M | -5.14M | -13.78M | -8.67M | -894.26K |
| Financing Cash Flow | 1.85M | 2.05M | -2.43M | -3.95M | 3.29M | -1.65M |
Jerash Holdings (US) Technical Analysis
Neutral
3.22
Price Trends
3.14
Positive
3.10
Positive
3.11
Positive
Market Momentum
0.02
Positive
46.00
Neutral
20.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JRSH, the sentiment is Neutral. The current price of 3.22 is below the 20-day moving average (MA) of 3.35, above the 50-day MA of 3.14, and above the 200-day MA of 3.11, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.00 is Neutral, neither overbought nor oversold. The STOCH value of 20.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JRSH.
Jerash Holdings (US) Risk Analysis
Jerash Holdings (US) disclosed 39 risk factors in its most recent earnings report. Jerash Holdings (US) reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jerash Holdings (US) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $41.02M | 8.27 | 2.86% | 6.75% | 10.48% | ― | |
54 Neutral | $74.53M | -7.15 | -16.70% | ― | -10.95% | 80.36% | |
53 Neutral | $100.35M | -3.65 | -18.27% | 1.35% | 15.21% | -6.88% | |
52 Neutral | $55.11M | -2.44 | 13.43% | ― | 2.23% | ― | |
49 Neutral | $12.64M | -0.92 | -78.27% | ― | -35.86% | 41.96% | |
46 Neutral | $38.87M | -3.19 | -13.33% | ― | -6.24% | 54.60% |
* Consumer Cyclical Sector Average
JRSH
Jerash Holdings (US)
3.23
0.31
10.43%
LAKE
Lakeland Industries
10.18
-8.58
-45.74%
UFI
Unifi
4.01
-1.12
-21.83%
VNCE
Vince Holding
4.29
2.71
171.52%
CULP
Culp
3.07
-1.03
-25.12%
XELB
XCel Brands
2.09
-0.44
-17.39%
Jerash Holdings (US) Corporate Events
Dividends
Jerash Holdings Declares Regular Quarterly Dividend for Shareholders
Positive
May 4, 2026
On May 4, 2026, Jerash Holdings (US), Inc. announced that its board of directors declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend is scheduled to be paid on or about May 21, 2026, to shareholders of record...
Business Operations and StrategyPrivate Placements and Financing
Jerash Holdings expands capacity with new Jordan facility
Positive
Feb 5, 2026
On February 2, 2026, Jerash Garments and Fashions Manufacturing Company Limited, a subsidiary of Jerash Holdings, received approval from the Housing Bank for Trade and Finance to purchase a bank-owned, approximately 184,000-square-foot manufacturi...
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.