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 ₹ 933 Cr.
- Current Price ₹ 3.80
- High / Low ₹ 8.64 / 2.56
- Stock P/E
- Book Value ₹ -4.99
- Dividend Yield 0.00 %
- ROCE -1.51 %
- ROE -93.2 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 176 to 137 days.
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.7,345 Cr.
- Promoter holding has decreased over last 3 years: -7.93%
- Working capital days have increased from 285 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 | 3,548 | 3,117 | 2,742 | |
9,737 | 8,746 | 7,786 | 6,224 | 4,942 | 6,192 | 4,362 | 3,604 | 3,072 | 3,519 | 3,240 | 3,128 | 2,777 | |
Operating Profit | 3,379 | 2,304 | 870 | -5 | 1,107 | 642 | 257 | 739 | -105 | 436 | 308 | -10 | -36 |
OPM % | 26% | 21% | 10% | -0% | 18% | 9% | 6% | 17% | -4% | 11% | 9% | -0% | -1% |
597 | 376 | -188 | -340 | 760 | -272 | 89 | 164 | -2 | -449 | -660 | -3,497 | -2,634 | |
Interest | 2,863 | 3,563 | 3,757 | 3,623 | 1,009 | 748 | 825 | 771 | 856 | 901 | 927 | 973 | 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: | -5% |
3 Years: | 1% |
TTM: | -48% |
Stock Price CAGR | |
---|---|
10 Years: | -9% |
5 Years: | 0% |
3 Years: | -24% |
1 Year: | -54% |
Return on Equity | |
---|---|
10 Years: | -16% |
5 Years: | -17% |
3 Years: | -26% |
Last Year: | -93% |
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 | 209 | 137 |
Inventory Days | 307 | 1,360 | 1,386 | 4,410 | 3,044 | 2,048 | 4,884 | 6,128 | 2,811 | |||
Days Payable | 232 | 366 | 264 | 781 | 990 | 642 | 1,603 | 1,891 | 244 | |||
Cash Conversion Cycle | 157 | 1,116 | 1,223 | 3,706 | 2,125 | 1,462 | 3,359 | 4,392 | 280 | 184 | 209 | 2,704 |
Working Capital Days | -11 | 48 | 634 | -329 | 195 | 108 | 108 | 72 | 65 | 66 | -125 | 915 |
ROCE % | 7% | 3% | 0% | -2% | 3% | 2% | -1% | 4% | 0% | 4% | 3% | -2% |
Documents
Announcements
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Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
23 Aug - Post-facto intimation: 19th CoC meeting held on 22 August 2025 for Jaiprakash Associates.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Aug
-
Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
20 Aug - 19th Committee of Creditors meeting for Jaiprakash Associates scheduled 22 Aug 2025 under NCLT-ordered CIRP.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Aug
-
Declaration Of Un-Audited Standalone & Consolidated Financial Results Of The Company For The Quarter Ended 30Th June, 2025
14 Aug - Jaiprakash Associates Q1 FY25 results show Rs 203 Cr loss; under CIRP with ongoing resolution process.
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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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