Jash Engineering (JASH) had a P/E of 39.7× on 6 Nov 2026, above the industry P/E of 33.8×, and the shares are 13% below their 52-week high. It earns ROCE of 17% and ROE of 18%, and sales and net profit grew 23% and 14% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.18× equity. It is a small-cap company with a market cap of ₹3,418 Cr, ranked 41st of 138 Specialty Industrial Machinery companies by market cap; the shares rose 13% over the past year.
- ₹530.00
- ₹546.50
- ₹518.15
- ₹538.15
- 2.4 L
Health check
- ReturnsIn line
+13.1% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 39.7 vs industry 33.8.
- GrowthSteady
Sales +22.6%, profit +13.8% a year over 3 years.
- ProfitabilityWeak
ROCE 17.2% vs peer median 24.8%.
- Balance sheetFair
Debt 0.18× equity, interest covered 10.4×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,418 Cr
- Small cap
- P/E
- 39.7
- Industry 33.8
- Price to book
- 6.28
- Peers 9.16
- Dividend yield
- 0.30%
- ROE
- 18.0%
- Peers 19.1%
- ROCE
- 17.2%
- Peers 24.8%
- Debt to equity
- 0.18
- Debt ₹97 Cr
- EPS (TTM)
- ₹13.61
- Face value ₹2
- OPM (TTM)
- 15.1%
- Net margin 11.3%
- Sales growth
- +17.5%
- Latest quarter vs a year ago
- Profit growth
- +30.9%
- Latest quarter vs a year ago
- Price to sales
- 4.30
- EV/EBITDA 28.8
Strengths and risks
Strengths
- Quarterly profit up 30.9% on a year ago.
- Quarterly sales up 17.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Jash Engineering
Jash Engineering Limited manufactures, trades in, and sells various engineering products for general engineering, water and wastewater, power plant, and bulk solids handling industries in India and internationally. The company offers water control gates, such as slide/penstock, open channel, weir, and flap gates, as well as stop logs; heavy fabricated gates, including bulkhead, rollers, crest, butterfly, radial/tainter, bonneted, tilting weir, swing, and…
- Headquarters
- Indore
- Employees
- 662
- Sector
- Industrials
- ISIN
- INE039O01029
- Website
- jashindia.com
Price range
- Avg volume (3M)
- 4.7 L
- 1-year return
- plus 13.1%
- From 52-week high
- minus 12.7%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| JASHJash Engineering | 540.80 | plus 0.49% | 3,418 | 39.7 | 33.0 | 17.2% | 15.1% | 0.20 | 22.6% | plus 13.1% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 128 | 158 | 160 | 291 | 150 | |
| 132 | 137 | 144 | 222 | 142 | |
| −3.9 | 20.2 | 17 | 68.9 | 8.1 | |
| −3.1% | 12.8% | 10.6% | 23.7% | 5.4% | |
| 5.2 | 2.1 | 4.1 | 9 | 6.1 | |
| 3 | 3.4 | 3.1 | 3.4 | 2.1 | |
| 4.5 | 4.9 | 5.1 | 5.2 | 5.6 | |
| −6.2 | 14.1 | 12.9 | 69.3 | 6.5 | |
| 17.1% | 22.2% | −1.2% | 18.3% | 22.3% | |
| −5.1 | 11.2 | 13.4 | 55.6 | 4.9 | |
| -0.82 | 1.73 | 2.07 | 9.01 | 0.80 |
Profit & loss
- Sales CAGR 3Y
- +22.6%
- Profit CAGR 3Y
- +13.8%
- EPS CAGR 3Y
- +12.0%
- ROE
- 18.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 395 | 508 | 725 | 727 | |
| – | +28.7% | +42.7% | +0.3% | |
| 329 | 408 | 593 | 622 | |
| 65.9 | 100 | 132 | 105 | |
| 16.7% | 19.7% | 18.2% | 14.5% | |
| 5.9 | 2.6 | 5 | 15.3 | |
| 7.1 | 8.4 | 9.3 | 9.5 | |
| 10.6 | 10.8 | 17 | 19.7 | |
| 2.4 | −0.3 | −2.9 | −1.2 | |
| 56.5 | 83.2 | 108 | 90.1 | |
| 8.5% | 19.8% | 19.4% | 16.2% | |
| 51.7 | 66.8 | 87.7 | 76.2 | |
| – | +29.1% | +31.3% | minus 13.1% | |
| 8.52 | 10.91 | 13.78 | 11.97 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12 | 12.4 | 12.6 | 12.6 | |
| 227 | 339 | 420 | 506 | |
| 81.9 | 80.1 | 99 | 103 | |
| 128 | 173 | 216 | 259 | |
| 449 | 604 | 748 | 881 | |
| 90.2 | 105 | 144 | 175 | |
| 4.1 | 6.1 | 23.4 | 25.5 | |
| – | 0.4 | – | 1.4 | |
| 16.6 | 67.4 | 70.3 | 51.7 | |
| 338 | 425 | 510 | 627 | |
| 449 | 604 | 748 | 881 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34 | 58.3 | 54.9 | 56.1 | |
| −15.8 | −68.3 | −72.1 | −23.6 | |
| −13.3 | 31.9 | −1.6 | −17.3 | |
| 4.8 | 22 | −18.7 | 15.2 | |
| −16.1 | −24.4 | −44.6 | −37.1 | |
| 17.8 | 34 | 10.3 | 18.9 | |
| −4.3 | −7.2 | −14 | −11.3 |
Shareholding pattern
- Promoters43.24%
- Public56.76%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 43.24% | 56.76% | 0.00 | |
| 30 Jun 2026 | 43.24% | 56.76% | 0.00 | |
| 31 Mar 2026 | 43.24% | 56.30% | minus 0.20 | |
| 31 Dec 2025 | 43.44% | 56.56% | plus 0.04 | |
| 30 Sep 2025 | 43.40% | 56.60% | – |
Major shareholders
Filings & events
News
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