Jash Engineering Ltd
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.
- Market Cap ₹ 2,284 Cr.
- Current Price ₹ 1,845
- High / Low ₹ 1,950 / 911
- Stock P/E 37.4
- Book Value ₹ 202
- Dividend Yield 0.22 %
- ROCE 22.5 %
- ROE 24.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 133% CAGR over last 5 years
Cons
- Stock is trading at 9.12 times its book value
- Tax rate seems low
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | 113 | 119 | 120 | 158 | 175 | 248 | 278 | 299 | 368 | 402 | 467 | |
71 | 95 | 99 | 100 | 137 | 166 | 225 | 240 | 248 | 321 | 338 | 386 | |
Operating Profit | 11 | 18 | 20 | 20 | 21 | 9 | 23 | 38 | 52 | 47 | 64 | 81 |
OPM % | 13% | 16% | 17% | 16% | 13% | 5% | 9% | 14% | 17% | 13% | 16% | 17% |
1 | 1 | 1 | 2 | 3 | 5 | 7 | 8 | 3 | 6 | 13 | 10 | |
Interest | 5 | 5 | 6 | 5 | 6 | 7 | 8 | 10 | 10 | 9 | 10 | 11 |
Depreciation | 4 | 3 | 4 | 4 | 4 | 6 | 7 | 8 | 9 | 10 | 11 | 11 |
Profit before tax | 3 | 10 | 11 | 12 | 15 | 1 | 14 | 28 | 36 | 35 | 56 | 70 |
Tax % | 50% | 22% | 31% | 39% | 32% | 72% | 44% | 28% | 16% | 7% | 8% | |
1 | 8 | 8 | 7 | 10 | 0 | 8 | 20 | 31 | 32 | 52 | 61 | |
EPS in Rs | 1.56 | 8.07 | 7.96 | 7.60 | 10.54 | 0.29 | 6.51 | 16.98 | 25.71 | 26.95 | 42.98 | 50.73 |
Dividend Payout % | 51% | 17% | 20% | 26% | 0% | 348% | 23% | 14% | 12% | 13% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 13% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 43% |
5 Years: | 133% |
3 Years: | 37% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 71% |
3 Years: | 66% |
1 Year: | 94% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 49 | 57 | 60 | 66 | 74 | 94 | 98 | 114 | 144 | 175 | 227 | 231 |
37 | 21 | 39 | 44 | 52 | 64 | 74 | 84 | 72 | 82 | 82 | 80 | |
32 | 32 | 47 | 40 | 54 | 61 | 85 | 75 | 88 | 100 | 128 | 150 | |
Total Liabilities | 128 | 120 | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 473 |
57 | 57 | 69 | 66 | 86 | 88 | 90 | 101 | 98 | 112 | 116 | 113 | |
CWIP | 1 | 1 | 0 | 0 | 1 | 1 | 12 | 6 | 12 | 1 | 4 | 7 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
70 | 62 | 87 | 93 | 103 | 141 | 166 | 177 | 207 | 257 | 329 | 353 | |
Total Assets | 128 | 120 | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 473 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-6 | 23 | 7 | 6 | 21 | -8 | 18 | 18 | 35 | 14 | 34 | |
-12 | -2 | -18 | -4 | -19 | -18 | -14 | -8 | -12 | -16 | -16 | |
18 | -20 | 11 | -1 | 0 | 25 | -4 | -9 | -22 | 2 | -13 | |
Net Cash Flow | -0 | 0 | 0 | 1 | 2 | -1 | -1 | 1 | 1 | -0 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 137 | 99 | 128 | 119 | 114 | 124 | 108 | 111 | 117 | 134 | 142 |
Inventory Days | 284 | 145 | 207 | 246 | 172 | 209 | 189 | 178 | 201 | 157 | 238 |
Days Payable | 210 | 135 | 169 | 147 | 175 | 201 | 181 | 117 | 128 | 121 | 125 |
Cash Conversion Cycle | 211 | 109 | 167 | 218 | 110 | 132 | 116 | 172 | 190 | 170 | 255 |
Working Capital Days | 160 | 72 | 90 | 139 | 93 | 127 | 87 | 102 | 122 | 127 | 144 |
ROCE % | 17% | 17% | 15% | 16% | 4% | 13% | 19% | 21% | 17% | 23% |
Documents
Announcements
Annual reports
Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptPPT
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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]