Jash Engineering Ltd

Jash Engineering Ltd

₹ 536 -1.67%
20 May - close price
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

Business Profile[1]
Jash Engineering Ltd. is a leading provider of water control solutions and process equipment, catering to industries such as water and wastewater management, desalination, power, steel, cement, and petrochemicals.

Product Portfolio [2] [3]
1. Water Control Gates & Valves
- Sluice Gates (Penstocks) – Used in water treatment plants and pumping stations.
- Flap Gates – Designed for flood control and drainage applications.
- Weir Gates – Used for flow regulation in water treatment facilities.
- Stop Logs – Modular flow control barriers for temporary isolation.
- Butterfly Valves & Knife Gate Valves – Flow control solutions for industrial and municipal applications.

2. Screening Solutions for Wastewater Treatment
- Bar Screens – Used for coarse and fine screening in wastewater plants.
- Mechanical Rake Screens – Automated screening for debris removal.
- Drum Screens & Step Screens – High-efficiency filtration solutions.

3. Bulk Solids Handling Valves
- Diverter Valves & Slide Gates – Used in cement, steel, and petrochemical plants.
- Rotary & Knife Gate Valves – For handling powders and granular materials.

4. Aeration & Mixing Equipment
- Fine Bubble & Coarse Bubble Diffusers – Used in biological treatment processes.
- Mixers & Agitators – Designed for wastewater treatment and industrial mixing applications.

  • Market Cap 3,365 Cr.
  • Current Price 536
  • High / Low 699 / 376
  • Stock P/E 38.8
  • Book Value 69.0
  • Dividend Yield 0.27 %
  • ROCE 25.0 %
  • ROE 22.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.9% CAGR over last 5 years

Cons

  • Stock is trading at 7.77 times its book value
  • Promoter holding has decreased over last 3 years: -9.18%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
157 46 72 114 169 64 95 139 217 115 140 181 300
130 48 63 94 133 65 81 107 164 111 115 140 242
Operating Profit 27 -2 9 20 36 -0 14 32 53 3 25 41 59
OPM % 17% -3% 13% 18% 21% -1% 15% 23% 24% 3% 18% 23% 20%
2 2 2 4 5 1 1 2 2 2 4 1 3
Interest 2 2 2 3 3 2 3 3 3 2 3 4 4
Depreciation 3 2 3 3 3 3 3 3 3 3 3 4 7
Profit before tax 25 -4 7 19 35 -4 10 28 49 -0 22 35 51
Tax % 5% 4% 16% 8% 6% -12% 14% 20% 20% -121% 28% -0% 30%
23 -4 6 17 33 -3 9 23 39 0 16 35 36
EPS in Rs 3.93 -0.69 0.94 2.84 5.52 -0.56 1.42 3.76 6.29 0.08 2.56 5.60 5.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
113 119 120 158 175 248 278 299 368 402 516 735
95 99 100 137 166 225 240 248 321 338 417 608
Operating Profit 18 20 20 21 9 23 38 52 47 64 99 127
OPM % 16% 17% 16% 13% 5% 9% 14% 17% 13% 16% 19% 17%
1 1 2 3 5 7 8 3 6 13 6 10
Interest 5 6 5 6 7 8 10 10 9 10 11 13
Depreciation 3 4 4 4 6 7 8 9 10 11 11 17
Profit before tax 10 11 12 15 1 14 28 36 35 56 83 108
Tax % 22% 31% 39% 32% 72% 44% 28% 16% 7% 8% 20% 19%
8 8 7 10 0 8 20 31 32 52 67 87
EPS in Rs 1.61 1.59 1.52 2.11 0.06 1.30 3.40 5.14 5.39 8.59 10.79 13.97
Dividend Payout % 17% 20% 26% 0% 348% 23% 14% 12% 13% 14% 13% 9%
Compounded Sales Growth
10 Years: 20%
5 Years: 21%
3 Years: 26%
TTM: 43%
Compounded Profit Growth
10 Years: 28%
5 Years: 34%
3 Years: 39%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 94%
3 Years: 57%
1 Year: 11%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 23%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 10 12 12 12 12 12 12 12 13
Reserves 57 60 66 74 94 98 114 144 175 227 339 420
21 39 44 52 64 74 84 72 82 82 80 99
32 47 40 54 61 85 75 88 100 128 173 216
Total Liabilities 120 156 160 190 231 269 285 316 369 449 604 748
57 69 66 86 88 90 101 98 112 116 127 171
CWIP 1 0 0 1 1 12 6 12 1 4 6 20
Investments 0 0 0 0 0 0 0 0 0 0 6 11
62 87 93 103 141 166 177 207 257 329 465 546
Total Assets 120 156 160 190 231 269 285 316 369 449 604 748

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23 7 6 21 -8 18 18 35 14 34 58 55
-2 -18 -4 -19 -18 -14 -8 -12 -16 -16 -68 -72
-20 11 -1 0 25 -4 -9 -22 2 -13 32 -2
Net Cash Flow 0 0 1 2 -1 -1 1 1 -0 5 22 -19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 99 128 119 114 124 108 111 117 134 142 111 112
Inventory Days 145 207 246 172 209 189 178 201 157 238 279 209
Days Payable 135 169 147 175 201 181 117 128 121 125 120 92
Cash Conversion Cycle 109 167 218 110 132 116 172 190 170 255 270 229
Working Capital Days 72 90 139 93 127 87 102 122 127 144 119 115
ROCE % 17% 17% 15% 16% 4% 13% 19% 21% 17% 23% 25% 25%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.56% 52.57% 52.21% 51.08% 51.01% 50.98% 50.98% 49.44% 43.65% 43.61% 43.52% 43.39%
0.00% 0.30% 1.03% 1.21% 1.21% 1.21% 1.21% 1.18% 1.67% 1.58% 2.27% 1.96%
4.10% 3.89% 3.99% 3.98% 4.29% 4.03% 3.95% 3.59% 3.53% 0.59% 0.78% 0.90%
43.33% 43.24% 42.78% 43.73% 43.49% 43.78% 43.86% 45.79% 51.16% 54.22% 53.42% 53.75%
No. of Shareholders 7,1256,1645,5445,3445,6416,2276,5599,69213,80420,23029,61352,640

* 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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