As of 5 Nov 2026, JSL Industries trades at 27.8× trailing earnings, below the industry P/E of 30.0×, and the shares are 38% below their 52-week high. Its ROCE of 8.9% is the lowest among the 7 largest Electrical Equipment & Parts peers, and sales grew 4.9% a year over 3 years while net profit fell 1.5%. The company has almost no debt. It is a small-cap company with a market cap of ₹93 Cr, ranked 81st of 97 Electrical Equipment & Parts companies by market cap; the shares fell 34% over the past year.
- ₹802.00
- ₹802.00
- ₹788.00
- ₹788.00
- 20
Health check
- ReturnsBehind
−34.4% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 27.8 vs industry 30.0.
- GrowthSlow
Sales +4.9%, profit −1.5% a year over 3 years.
- ProfitabilityWeak
ROCE 8.9% vs peer median 22.1%.
- Balance sheetSolid
Debt 0.09× equity, interest covered 28.2×, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 7.1%.
Small cap
High beta
Key metrics
- Market cap
- ₹93 Cr
- Small cap
- P/E
- 27.8
- Industry 30.0
- Price to book
- 2.12
- Peers 7.24
- Dividend yield
- 0.00%
- ROE
- 7.1%
- Peers 18.0%
- ROCE
- 8.9%
- Peers 22.1%
- Debt to equity
- 0.09
- Debt ₹4.05 Cr
- EPS (TTM)
- ₹28.30
- OPM (TTM)
- 7.2%
- Net margin 5.7%
- Sales growth
- +19.1%
- Latest quarter vs a year ago
- Profit growth
- +7.5%
- Latest quarter vs a year ago
- Price to sales
- 1.57
- EV/EBITDA 19.8
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 19.1% on a year ago.
Risks to check
- Return on equity is low at 7.1%.
- 38% below its 52-week high.
About JSL Industries
JSL Industries Limited engages in the manufacturing of engineering goods in India. The company offers instrument transformers, such as cast resin indoor and outdoor type instrument transformers, outdoor metering units, outdoor CT and PT products, and cast resin components for switchgears; and LT switchboards, including custom-built power control and motor control centers, auto transformer starters, magnastart systems, distribution boards, and bus-ducts,…
- Headquarters
- Mogar
- Employees
- 47
- Sector
- Industrials
- ISIN
- INE581L01018
- Website
- jslmogar.com
Price range
- Avg volume (3M)
- 46
- 1-year return
- minus 34.4%
- From 52-week high
- minus 38.1%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| JSLINDLJSL Industries | 788.00 | 0.00% | 93 | 27.8 | 18.5 | 8.9% | 7.2% | 0.09 | 4.9% | minus 34.4% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 12.2 | 13.2 | 13.8 | 17.3 | 14.5 | |
| 11.7 | 12.1 | 12.5 | 16 | 14 | |
| 0.5 | 1.1 | 1.3 | 1.3 | 0.6 | |
| 4.0% | 8.3% | 9.2% | 7.5% | 3.8% | |
| 0.5 | 0.4 | 0.6 | 0.5 | 0.5 | |
| 0.2 | 0.1 | 0.1 | – | 0.1 | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 0.4 | 1 | 1.4 | 1.5 | 0.6 | |
| 10.5% | 6.9% | 48.9% | 20.8% | 27.8% | |
| 0.4 | 1 | 0.7 | 1.2 | 0.4 | |
| 3.39 | 8.18 | 6.29 | 10.18 | 3.65 |
Profit & loss
- Sales CAGR 3Y
- +4.9%
- Profit CAGR 3Y
- −1.5%
- EPS CAGR 3Y
- −1.5%
- ROE
- 7.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 48.9 | 51.3 | 53.6 | 56.4 | |
| – | +5.0% | +4.4% | +5.2% | |
| 43.8 | 46.6 | 49.4 | 52 | |
| 5.1 | 4.8 | 4.2 | 4.4 | |
| 10.5% | 9.3% | 7.8% | 7.8% | |
| 0.3 | 0.8 | 1.7 | 1.5 | |
| 0.2 | 0.1 | 0.2 | 0.2 | |
| 1.1 | 1.1 | 1.3 | 1.3 | |
| 1.4 | 4 | 3.2 | 0 | |
| 5.5 | 8.4 | 7.6 | 4.4 | |
| 37.8% | 26.5% | 15.4% | 25.7% | |
| 3.4 | 6.2 | 6.4 | 3.3 | |
| – | +79.1% | +4.7% | minus 49.0% | |
| 29.31 | 52.49 | 54.94 | 28.04 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.2 | 1.2 | 1.2 | 1.2 | |
| 32.2 | 38.3 | 44.8 | 45.6 | |
| 2.5 | 3.3 | 2.7 | 2.1 | |
| 11.3 | 12.7 | 12.9 | 14.7 | |
| 47.2 | 55.6 | 61.5 | 63.6 | |
| 15.8 | 16.3 | 15.8 | 16 | |
| 3.7 | 5.6 | 8.7 | 13.1 | |
| 11.3 | 16.6 | 17.3 | 13 | |
| 16.5 | 17 | 19.6 | 21.5 | |
| 47.2 | 55.6 | 61.5 | 63.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | −2.1 | −0.2 | 8.5 | |
| −1.9 | −0.3 | 1.2 | 0.2 | |
| 1.2 | 2.3 | −1 | −8.7 | |
| 0 | −0 | −0 | 0 | |
| −1.3 | −1.4 | −0.9 | −1.5 | |
| −0.5 | −3.5 | −1.1 | 7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 12.5% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.