Jash Engineering Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,190 Cr
- P/E
- 37.05
- ROE
- 15.99%
- PEG
- 2.69
- Price to sales
- 4.20
- Debt to equity
- 0.20
- 52W high / low
- ₹598 / ₹340
- Sales growth (5Y)
- 19.71%
- EBITDA margin
- 15.06%
- Net profit margin
- 10.25%
- Promoter holding
- 43.24%
- Sales (last year)
- ₹758 Cr
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]
Guidance scorecard · Q1 FY27 call
What Jash Engineering Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
10–20%- Company is bullish for the current year and expects to meet projections of Rs. 875 crore revenue with Rs. 100-105 crore profit after tax.
- Long-term growth target is Rs. 1500 crore by 2031, with caution on geopolitical uncertainties affecting projections.
- Flexible manufacturing capacity allows scaling production through shift increases without immediate large capex.
- Plans to grow UK market by increasing team size, aiming for 300% growth in 3-4 years (from 3 to 12 employees).
- Expansion underway in US, Saudi Arabia, and UK with new plants and increased marketing efforts.
- New market exploration via exports in Australia, New Zealand, Vietnam, Indonesia without setting up plants there.
2 more points from Jash Engineering Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Jash Engineering Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Saudi Arabia new plant: All official permissions received; land application underway. Target to acquire land by end of this year, with plant readiness by December 2027 and operational by March 2028.
- US plant: Land acquired in Orange, Massachusetts; contractor finalization and plant construction in progress with expected operational timeline by March 2028.
- Expansion in India: Current capacity supports revenue up to Rs.1,500 crore. Expansion considered if demand grows notably, with potential new plant and additional land acquisition planned post-2028.
- No plans for manufacturing facilities beyond India, UK, USA, and Saudi Arabia; new markets targeted mainly through marketing, not physical plants.
2 more points from Jash Engineering Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Jash Engineering Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Consolidated order book stands at Rs.932 crore.
- Current order book plus revenue till June totals over Rs.1,080 crore, making Rs.875 crore revenue target achievable.
- Negotiated orders worth Rs.72 crore and various orders worth Rs.60 crore are under negotiation.
- Some shipments delayed due to geopolitical issues (Qatar shipping stuck, payments issue in Singapore).
2 more points from Jash Engineering Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Jash Engineering Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jash Engineering Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 169 | 64 | 95 | 139 | 217 | 115 | 140 | 181 | 300 | 128 | 158 | 160 | 291 |
| Expenses + | 133 | 65 | 81 | 107 | 164 | 111 | 115 | 140 | 242 | 132 | 137 | 144 | 222 |
| Operating Profit | 36 | -0 | 14 | 32 | 53 | 3 | 25 | 41 | 59 | -4 | 20 | 17 | 69 |
| OPM % | 21% | -1% | 15% | 23% | 24% | 3% | 18% | 23% | 20% | -3% | 13% | 11% | 24% |
| Other Income + | 5 | 1 | 1 | 2 | 2 | 2 | 4 | 1 | 3 | 5 | 2 | 4 | 9 |
| Interest | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 4 | 4 | 3 | 3 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 | 4 | 5 | 5 | 5 |
| Profit before tax | 35 | -4 | 10 | 28 | 49 | -0 | 22 | 35 | 51 | -6 | 14 | 13 | 69 |
| Tax % | 6% | -12% | 14% | 20% | 20% | -121% | 28% | -0% | 30% | -17% | 22% | -1% | 18% |
| Net Profit + | 33 | -3 | 9 | 23 | 39 | 0 | 16 | 35 | 36 | -5 | 11 | 13 | 57 |
| EPS in Rs | 5.52 | -0.56 | 1.42 | 3.76 | 6.29 | 0.08 | 2.56 | 5.60 | 5.76 | -0.81 | 1.77 | 2.13 | 8.97 |
Financials of Jash Engineering Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 119 | 120 | 158 | 175 | 248 | 278 | 299 | 368 | 402 | 516 | 735 | 736 |
| Expenses + | 99 | 100 | 137 | 166 | 225 | 240 | 248 | 321 | 338 | 417 | 608 | 634 |
| Operating Profit | 20 | 20 | 21 | 9 | 23 | 38 | 52 | 47 | 64 | 99 | 127 | 102 |
| OPM % | 17% | 16% | 13% | 5% | 9% | 14% | 17% | 13% | 16% | 19% | 17% | 14% |
| Other Income + | 1 | 2 | 3 | 5 | 7 | 8 | 3 | 6 | 13 | 6 | 10 | 20 |
| Interest | 6 | 5 | 6 | 7 | 8 | 10 | 10 | 9 | 10 | 11 | 13 | 13 |
| Depreciation | 4 | 4 | 4 | 6 | 7 | 8 | 9 | 10 | 11 | 11 | 17 | 20 |
| Profit before tax | 11 | 12 | 15 | 1 | 14 | 28 | 36 | 35 | 56 | 83 | 108 | 90 |
| Tax % | 31% | 39% | 32% | 72% | 44% | 28% | 16% | 7% | 8% | 20% | 19% | 16% |
| Net Profit + | 8 | 7 | 10 | 0 | 8 | 20 | 31 | 32 | 52 | 67 | 87 | 76 |
| EPS in Rs | 1.59 | 1.52 | 2.11 | 0.06 | 1.30 | 3.40 | 5.14 | 5.39 | 8.59 | 10.79 | 13.97 | 12.05 |
| Dividend Payout % | 20% | 26% | 0% | 348% | 23% | 14% | 12% | 13% | 14% | 13% | 14% | 8% |
Financials of Jash Engineering Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Reserves | 60 | 66 | 74 | 94 | 98 | 114 | 144 | 175 | 227 | 339 | 420 | 506 |
| Borrowings + | 39 | 44 | 52 | 64 | 74 | 84 | 72 | 82 | 82 | 80 | 99 | 103 |
| Other Liabilities + | 47 | 40 | 54 | 61 | 85 | 75 | 88 | 100 | 128 | 173 | 215 | 259 |
| Total Liabilities | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 881 |
| Fixed Assets + | 69 | 66 | 86 | 88 | 90 | 101 | 98 | 112 | 116 | 127 | 170 | 213 |
| CWIP | 0 | 0 | 1 | 1 | 12 | 6 | 12 | 1 | 4 | 6 | 21 | 22 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 11 | 13 |
| Other Assets + | 87 | 93 | 103 | 141 | 166 | 177 | 207 | 257 | 329 | 465 | 545 | 633 |
| Total Assets | 156 | 160 | 190 | 231 | 269 | 285 | 316 | 369 | 449 | 604 | 747 | 881 |
Financials of Jash Engineering Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 6 | 21 | -8 | 18 | 18 | 35 | 14 | 34 | 58 | 55 | 56 |
| Cash from Investing Activity + | -18 | -4 | -19 | -18 | -14 | -8 | -12 | -16 | -16 | -68 | -72 | -24 |
| Cash from Financing Activity + | 11 | -1 | 0 | 25 | -4 | -9 | -22 | 2 | -13 | 32 | -2 | -17 |
| Net Cash Flow | 0 | 1 | 2 | -1 | -1 | 1 | 1 | -0 | 5 | 22 | -18 | 15 |
| Free Cash Flow | 5 | 4 | -3 | -25 | 1 | 14 | 26 | 2 | 18 | 34 | 10 | 19 |
| CFO/OP | 48% | 53% | 123% | -63% | 98% | 65% | 89% | 45% | 65% | 76% | 59% | 72% |
Financials of Jash Engineering Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 119 | 114 | 124 | 108 | 111 | 117 | 134 | 142 | 111 | 112 | 149 |
| Inventory Days | 207 | 246 | 172 | 209 | 189 | 178 | 201 | 157 | 238 | 279 | 209 | 219 |
| Days Payable | 169 | 147 | 175 | 201 | 181 | 117 | 128 | 121 | 125 | 120 | 92 | 117 |
| Cash Conversion Cycle | 167 | 218 | 110 | 132 | 116 | 172 | 190 | 170 | 255 | 270 | 229 | 251 |
| Working Capital Days | 20 | 139 | 25 | 58 | 15 | 28 | 64 | 63 | 83 | 76 | 71 | 110 |
| ROCE % | 17% | 15% | 16% | 4% | 13% | 19% | 21% | 17% | 23% | 25% | 25% | 18% |
Guidance history
How Jash Engineering Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
69 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +5.6% | 65% |
| Last 6 months | +20.5% | 75% |
| Last 3 months | +2.5% | 68% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jash Engineering Ltd: 0.4 × 65 + 0.4 × 75 + 0.2 × 68 = 69.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Jash Engineering Ltd's management said in earlier quarters
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