Jash Engineering Ltd

Jash Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jash Engineering Ltd

₹ 2,429 5.14%
17 May 2:59 p.m.
jashindia.com NSE: JASH
About

Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. [1]

Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes.

Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.

Key Points

Product Basket FY22
- Water Control Gates: 50% of revenues
- Screening Equipment: 25% of revenues
- Valves: 14% of revenues
- Hydropower & Pumping, Process Equipment, and others: 11% of revenues [1]

The company has a policy of adding new products every year to improve its product portfolio and maintain its leadership position. [2]

Website NSE
  • Market Cap ₹ 3,006 Cr.
  • Current Price ₹ 2,429
  • High / Low ₹ 2,442 / 1,000
  • Stock P/E 60.0
  • Book Value ₹ 268
  • Dividend Yield 0.17 %
  • ROCE 19.3 %
  • ROE 17.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 23.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.6%

Cons

  • Stock is trading at 8.85 times its book value
  • Promoter holding has decreased over last quarter: -1.54%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
96 32 44 64 116 34 65 61 112 42 70 94 139
75 29 40 55 99 30 48 54 85 36 60 71 109
Operating Profit 22 3 4 10 17 4 16 7 27 6 10 24 30
OPM % 23% 10% 10% 15% 15% 12% 25% 11% 24% 14% 14% 25% 22%
1 2 2 1 2 2 4 3 0 1 3 2 2
Interest 2 2 2 2 2 2 2 3 3 2 3 3 2
Depreciation 2 1 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 19 2 3 7 16 2 17 5 23 3 8 21 28
Tax % 8% -8% 13% 4% 15% 6% 3% 26% 18% 26% 7% 17% 18%
17 2 3 6 13 2 16 3 19 2 8 17 23
EPS in Rs 14.57 1.75 2.51 5.41 11.12 1.88 13.62 2.91 15.64 2.00 6.45 14.39 18.30
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
76 105 111 111 145 151 202 206 217 257 272 345
65 87 91 91 124 135 172 171 172 222 218 276
Operating Profit 11 18 19 20 21 16 30 35 44 35 54 70
OPM % 15% 17% 18% 18% 15% 11% 15% 17% 20% 14% 20% 20%
1 1 1 2 2 3 3 8 3 8 9 7
Interest 5 5 6 5 5 6 8 10 9 8 10 10
Depreciation 3 3 4 4 4 4 5 5 6 6 7 7
Profit before tax 4 10 11 13 14 9 21 28 32 28 47 60
Tax % 33% 19% 29% 32% 28% 21% 17% 23% 14% 11% 13% 17%
2 8 8 9 10 7 17 22 28 25 41 50
EPS in Rs 2.59 8.42 8.18 9.14 10.80 6.20 14.51 18.43 23.33 20.73 33.92 40.50
Dividend Payout % 27% 17% 20% 22% 0% 16% 10% 13% 14% 17% 18% 18%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 17%
TTM: 27%
Compounded Profit Growth
10 Years: 20%
5 Years: 24%
3 Years: 22%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: 83%
3 Years: 79%
1 Year: 129%
Return on Equity
10 Years: 15%
5 Years: 17%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 10 10 12 12 12 12 12 12 12
Reserves 50 58 64 71 80 105 119 137 164 187 225 319
36 21 38 43 43 47 62 77 71 83 80 77
32 30 45 37 51 59 71 67 64 87 99 119
Total Liabilities 128 119 157 161 182 223 264 292 311 369 416 528
53 52 51 48 50 55 56 65 64 79 77 87
CWIP 1 1 0 0 1 1 12 7 13 1 2 1
Investments 7 7 22 25 32 33 37 37 56 75 75 81
68 60 84 87 100 133 159 183 179 214 262 359
Total Assets 128 119 157 161 182 223 264 292 311 369 416 528

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 21 5 7 16 -8 14 4 48 30 25 28
-12 -1 -16 -6 -8 -12 -17 -3 -32 -31 -7 -57
18 -20 11 -1 -8 19 3 -1 -16 1 -15 32
Net Cash Flow -0 0 -0 -0 0 -0 -0 0 -0 0 3 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 143 105 142 128 127 168 164 203 177 185 175 132
Inventory Days 301 155 207 261 185 222 187 193 207 157 279 313
Days Payable 226 139 174 149 177 223 190 139 135 150 153 123
Cash Conversion Cycle 218 121 176 239 135 167 161 258 249 192 301 323
Working Capital Days 167 79 100 146 111 150 131 179 172 153 178 168
ROCE % 11% 16% 17% 15% 15% 10% 16% 18% 18% 14% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.16% 53.03% 52.88% 52.57% 52.56% 52.57% 52.21% 51.08% 51.01% 50.98% 50.98% 49.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.30% 1.03% 1.21% 1.21% 1.21% 1.21% 1.18%
3.57% 3.29% 3.46% 3.95% 4.10% 3.89% 3.99% 3.98% 4.29% 4.03% 3.95% 3.59%
43.28% 43.69% 43.67% 43.46% 43.33% 43.24% 42.78% 43.73% 43.49% 43.78% 43.86% 45.79%
No. of Shareholders 5,6846,8596,7537,0807,1256,1645,5445,3445,6416,2276,5599,692

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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