Jash Engineering Ltd

Jash Engineering Ltd

₹ 2,132 -0.85%
12 Jul - 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

Product Basket
Water Control Gates: 60% in FY24 vs 50% in FY22
Screening Equipment: 15% in FY24 vs 25% in FY22
Valves: 15% in FY24 vs 14% in FY22
Hydropower & Pumping, Process Equipment, and others: 10% in FY24 vs 11% in FY22 [1][2]

The company has a policy of adding new products every year to improve its product portfolio and maintain its leadership position. [3]

  • Market Cap 2,668 Cr.
  • Current Price 2,132
  • High / Low 2,552 / 1,180
  • Stock P/E 40.0
  • Book Value 284
  • Dividend Yield 0.19 %
  • ROCE 25.1 %
  • ROE 22.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 54.0% CAGR over last 5 years

Cons

  • Stock is trading at 7.51 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
129 45 61 104 157 46 72 114 169 64 95 139 217
98 47 58 86 130 48 63 94 133 65 81 107 164
Operating Profit 31 -2 3 18 27 -2 9 20 36 -0 14 32 53
OPM % 24% -4% 5% 18% 17% -3% 13% 18% 21% -1% 15% 23% 24%
-0 2 1 1 2 2 2 4 5 1 1 2 2
Interest 2 2 2 3 2 2 2 3 3 2 3 3 3
Depreciation 2 2 2 3 3 2 3 3 3 3 3 3 3
Profit before tax 26 -4 -0 14 25 -4 7 19 35 -4 10 28 49
Tax % 8% 2% -164% 4% 5% -4% 16% 8% 6% 12% 14% 20% 20%
24 -4 -1 14 23 -4 6 17 33 -3 9 23 39
EPS in Rs 20.00 -3.14 -0.98 11.45 19.65 -3.47 4.72 14.21 27.61 -2.80 7.10 18.82 31.47
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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 Mar 2024
82 113 119 120 158 175 248 278 299 368 402 516
71 95 99 100 137 166 225 240 248 321 338 417
Operating Profit 11 18 20 20 21 9 23 38 52 47 64 99
OPM % 13% 16% 17% 16% 13% 5% 9% 14% 17% 13% 16% 19%
1 1 1 2 3 5 7 8 3 6 13 6
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 83
Tax % 50% 22% 31% 39% 32% 72% 44% 28% 16% 7% 8% 20%
1 8 8 7 10 0 8 20 31 32 52 67
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 53.95
Dividend Payout % 51% 17% 20% 26% 0% 348% 23% 14% 12% 13% 14% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 20%
TTM: 28%
Compounded Profit Growth
10 Years: 24%
5 Years: 54%
3 Years: 30%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: 77%
3 Years: 55%
1 Year: 75%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 22%
Last Year: 23%

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 Mar 2024
Equity Capital 10 10 10 10 10 12 12 12 12 12 12 12
Reserves 49 57 60 66 74 94 98 114 144 175 227 339
37 21 39 44 52 64 74 84 72 82 82 80
32 32 47 40 54 61 85 75 88 100 128 173
Total Liabilities 128 120 156 160 190 231 269 285 316 369 449 604
57 57 69 66 86 88 90 101 98 112 116 127
CWIP 1 1 0 0 1 1 12 6 12 1 4 6
Investments 0 0 0 0 0 0 0 0 0 0 0 6
70 62 87 93 103 141 166 177 207 257 329 465
Total Assets 128 120 156 160 190 231 269 285 316 369 449 604

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 Mar 2024
-6 23 7 6 21 -8 18 18 35 14 34 58
-12 -2 -18 -4 -19 -18 -14 -8 -12 -16 -16 -68
18 -20 11 -1 0 25 -4 -9 -22 2 -13 32
Net Cash Flow -0 0 0 1 2 -1 -1 1 1 -0 5 22

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 Mar 2024
Debtor Days 137 99 128 119 114 124 108 111 117 134 142 111
Inventory Days 284 145 207 246 172 209 189 178 201 157 238 279
Days Payable 210 135 169 147 175 201 181 117 128 121 125 120
Cash Conversion Cycle 211 109 167 218 110 132 116 172 190 170 255 270
Working Capital Days 160 72 90 139 93 127 87 102 122 127 144 118
ROCE % 17% 17% 15% 16% 4% 13% 19% 21% 17% 23% 25%

Shareholding Pattern

Numbers in percentages

1 Recently
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.

Documents

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