Jaiprakash Associates Ltd
Incorporated in 1995, Jaiprakash Associates Ltd is in the business of Engineering & Construction, Manufacturing of Cement, Power, Fertilizer, Real Estate development, Infrastructure, Hotel/ Hospitality, etc.[1]
- Market Cap ₹ 815 Cr.
- Current Price ₹ 3.36
- High / Low ₹ 8.64 / 2.56
- Stock P/E
- Book Value ₹ -4.99
- Dividend Yield 0.00 %
- ROCE -1.71 %
- ROE -96.3 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.56% over past five years.
- Promoter holding is low: 30.2%
- Company has a low return on equity of -25.9% over last 3 years.
- Contingent liabilities of Rs.6,856 Cr.
- Promoter holding has decreased over last 3 years: -7.93%
- Working capital days have increased from 292 days to 915 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
13,116 | 11,050 | 8,656 | 6,219 | 6,049 | 6,833 | 4,619 | 4,343 | 2,967 | 3,955 | 4,184 | 3,117 | 2,742 | |
9,737 | 8,746 | 7,786 | 6,224 | 4,942 | 6,192 | 4,362 | 3,604 | 3,072 | 3,519 | 4,034 | 3,112 | 2,777 | |
Operating Profit | 3,379 | 2,304 | 870 | -5 | 1,107 | 642 | 257 | 739 | -105 | 436 | 151 | 5 | -36 |
OPM % | 26% | 21% | 10% | -0% | 18% | 9% | 6% | 17% | -4% | 11% | 4% | 0% | -1% |
597 | 376 | -188 | -340 | 760 | -272 | 89 | 164 | -2 | -449 | -500 | -3,497 | -2,634 | |
Interest | 2,863 | 3,563 | 3,757 | 3,623 | 1,009 | 748 | 825 | 771 | 856 | 901 | 930 | 988 | 914 |
Depreciation | 774 | 949 | 914 | 878 | 507 | 395 | 412 | 389 | 254 | 235 | 237 | 449 | 471 |
Profit before tax | 340 | -1,832 | -3,989 | -4,845 | 352 | -774 | -891 | -257 | -1,217 | -1,150 | -1,516 | -4,930 | -4,054 |
Tax % | -22% | -30% | -29% | -10% | 0% | 0% | 0% | 6% | 1% | 1% | 1% | 0% | |
414 | -1,279 | -2,821 | -4,362 | 352 | -774 | -893 | -271 | -1,232 | -1,162 | -1,536 | -4,933 | -4,056 | |
EPS in Rs | 1.87 | -5.26 | -11.60 | -17.93 | 1.45 | -3.18 | -3.67 | -1.11 | -5.02 | -4.73 | -6.26 | -20.10 | -16.53 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -12% |
5 Years: | -8% |
3 Years: | 2% |
TTM: | -34% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -6% |
3 Years: | 0% |
TTM: | -48% |
Stock Price CAGR | |
---|---|
10 Years: | -12% |
5 Years: | 2% |
3 Years: | -32% |
1 Year: | -55% |
Return on Equity | |
---|---|
10 Years: | -16% |
5 Years: | -17% |
3 Years: | -26% |
Last Year: | -96% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 444 | 486 | 486 | 486 | 486 | 486 | 486 | 489 | 491 | 491 | 491 | 491 |
Reserves | 13,253 | 17,909 | 11,438 | 7,072 | 9,845 | 8,267 | 7,369 | 7,130 | 5,898 | 4,740 | 3,201 | -1,716 |
28,164 | 30,886 | 27,765 | 25,587 | 6,409 | 6,186 | 6,443 | 6,451 | 6,464 | 4,059 | 3,323 | 16,726 | |
6,991 | 7,788 | 9,925 | 13,309 | 19,656 | 22,881 | 24,233 | 25,736 | 27,901 | 32,196 | 32,745 | 19,825 | |
Total Liabilities | 48,852 | 57,069 | 49,614 | 46,455 | 36,396 | 37,821 | 38,532 | 39,806 | 40,753 | 41,486 | 39,760 | 35,326 |
14,862 | 17,746 | 6,683 | 6,449 | 6,715 | 7,098 | 6,778 | 6,420 | 6,347 | 3,177 | 3,004 | 5,371 | |
CWIP | 4,981 | 4,324 | 1,652 | 1,789 | 1,201 | 472 | 479 | 516 | 49 | 50 | 111 | 90 |
Investments | 10,369 | 10,303 | 7,799 | 7,196 | 7,511 | 7,431 | 7,425 | 7,398 | 7,324 | 6,933 | 6,319 | 3,067 |
18,640 | 24,696 | 33,480 | 31,021 | 20,970 | 22,820 | 23,849 | 25,473 | 27,034 | 31,325 | 30,326 | 26,798 | |
Total Assets | 48,852 | 57,069 | 49,614 | 46,455 | 36,396 | 37,821 | 38,532 | 39,806 | 40,753 | 41,486 | 39,760 | 35,326 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
263 | 1,011 | 3,892 | 3,507 | 51 | 382 | 296 | 269 | 3 | 252 | 974 | 529 | |
-1,638 | -105 | 519 | -491 | 11,887 | 45 | -28 | -28 | 37 | 9 | 278 | -289 | |
943 | -858 | -4,762 | -3,001 | -11,890 | -571 | -241 | -96 | -105 | -306 | -853 | -326 | |
Net Cash Flow | -432 | 49 | -351 | 15 | 48 | -144 | 27 | 144 | -65 | -46 | 400 | -85 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 82 | 122 | 101 | 77 | 70 | 56 | 77 | 155 | 280 | 184 | 177 | 137 |
Inventory Days | 307 | 1,360 | 1,386 | 4,410 | 3,044 | 2,048 | 4,884 | 6,128 | ||||
Days Payable | 232 | 366 | 264 | 781 | 990 | 642 | 1,603 | 1,891 | ||||
Cash Conversion Cycle | 157 | 1,116 | 1,223 | 3,706 | 2,125 | 1,462 | 3,359 | 4,392 | 280 | 184 | 177 | 137 |
Working Capital Days | -11 | 48 | 634 | -329 | 195 | 108 | 108 | 72 | 65 | 66 | -106 | 915 |
ROCE % | 7% | 3% | 0% | -2% | 3% | 2% | -1% | 4% | 0% | 4% | 1% | -2% |
Documents
Announcements
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Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
2d - 21st Committee of Creditors meeting for Jaiprakash Associates under CIRP on 6 October 2025.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
29 Sep - AGM approved auditors re-appointment FY2025-26–2029-30; appointed Manoj (01.04.2025), Pankaj (01.07.2025), Naveen (30.09.2025).
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 29 Sep
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Shareholder Meeting / Postal Ballot-Outcome of AGM
29 Sep - 29 Sep 2025 AGM: adopted FY2024-25 accounts; multiple director appointments; CIRP update; e-voting conducted.
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Closure of Trading Window
29 Sep - Trading window closed from Oct 1, 2025 until 48 hours after Q2 (Sep 30, 2025) results announcement.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Overview:[1]
a) JAL is the flagship company of the Jaypee group
b) It is engaged in engineering and construction, cement, real estate, and hospitality businesses.
c) The company is also engaged in the construction business in the field of civil engineering, design and construction of hydropower, and river valley projects.
d) It is also undertaking power generation,
power transmission, real estate, road BOT, healthcare and fertilizer businesses through its various subsidiaries /SPVs