JASH

Jash Engineering Limited

Water and wastewater equipment for municipal, irrigation, hydropower and industrial customers

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

jashindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹544.95
Market cap
3,444 Cr
Stock P/E
40.1
P/B
6.63
Dividend yield
0.3%
ROE (FY26)
14.4%
ROCE (FY26)
16.9%
Operating margin (FY26)
11.2%
Debt / equity (FY26)
0.16
OCF / EBITDA (FY26)
54.9%
OCF / EBITDA (3Y)
51.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Jash Engineering makes water-control gates, valves, screening equipment and process equipment for water and wastewater projects, selling to contractors, consultants and municipal and industrial customers in India and more than 45 countries.

Company snapshot

28thBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 60.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Outside India
60.5%
109 Cr0 Cr206 Cr
Within India
39.5%
71 Cr0 Cr491 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.16x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales95 Cr139 Cr217 Cr115 Cr140 Cr181 Cr300 Cr128 Cr158 Cr160 Cr291 Cr150 Cr
Operating expenses (approx.)81 Cr107 Cr164 Cr111 Cr115 Cr140 Cr242 Cr132 Cr137 Cr144 Cr222 Cr142 Cr
EBITDA14 Cr32 Cr53 Cr3 Cr25 Cr41 Cr59 Cr-4 Cr20 Cr17 Cr69 Cr8 Cr
OPM %15.0%22.8%24.4%3.0%17.6%22.5%19.6%-3.1%12.8%10.6%23.7%5.4%
Other income1 Cr2 Cr2 Cr2 Cr4 Cr1 Cr3 Cr5 Cr2 Cr4 Cr9 Cr6 Cr
Interest3 Cr3 Cr3 Cr2 Cr3 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr2 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr7 Cr4 Cr5 Cr5 Cr5 Cr6 Cr
Profit before tax10 Cr28 Cr49 Cr-0.38 Cr22 Cr35 Cr51 Cr-6 Cr14 Cr13 Cr69 Cr7 Cr
Tax %14.4%19.7%20.2%120.8%27.9%-0.2%29.8%17.1%22.2%-1.2%18.3%22.3%
Net profit9 Cr23 Cr39 Cr0.08 Cr16 Cr35 Cr36 Cr-5 Cr11 Cr13 Cr57 Cr5 Cr
EPS (₹)₹7.10₹18.82₹32.30₹0.06₹2.58₹5.54₹5.72₹-0.82₹1.75₹2.08₹9.01₹0.81

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales158 Cr248 Cr278 Cr299 Cr368 Cr402 Cr516 Cr735 Cr736 CrSign in free for the trailing twelve months
Operating expenses (approx.)137 Cr225 Cr240 Cr248 Cr321 Cr338 Cr417 Cr608 Cr634 CrSign in free for the trailing twelve months
EBITDA21 Cr23 Cr38 Cr52 Cr47 Cr64 Cr99 Cr128 Cr102 CrSign in free for the trailing twelve months
OPM %13.4%9.1%13.7%17.3%12.7%15.9%19.1%17.4%13.9%Sign in free for the trailing twelve months
Other income3 Cr7 Cr8 Cr3 Cr6 Cr13 Cr6 Cr10 Cr20 CrSign in free for the trailing twelve months
Interest6 Cr9 Cr10 Cr10 Cr9 Cr10 Cr11 Cr13 Cr13 CrSign in free for the trailing twelve months
Depreciation4 Cr7 Cr8 Cr9 Cr10 Cr11 Cr11 Cr17 Cr20 CrSign in free for the trailing twelve months
Profit before tax15 Cr14 Cr28 Cr36 Cr35 Cr56 Cr83 Cr108 Cr90 CrSign in free for the trailing twelve months
Tax %30.9%44.3%27.6%15.6%6.9%8.5%19.8%19.4%16.2%Sign in free for the trailing twelve months
Net profit10 Cr8 Cr20 Cr31 Cr32 Cr52 Cr67 Cr87 Cr76 CrSign in free for the trailing twelve months
EPS (₹)—₹6.50₹16.98₹25.78₹27.09₹43.27₹55.36₹13.88₹12.01Sign in free for the trailing twelve months
Dividend payout %———3.5%11.8%8.3%10.8%16.2%15.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr13 Cr519 Cr
Reserves74 Cr98 Cr114 Cr145 Cr175 Cr227 Cr339 Cr420 Cr6 Cr
Borrowings49 Cr60 Cr73 Cr65 Cr76 Cr76 Cr72 Cr81 Cr83 Cr
Other liabilities57 Cr98 Cr86 Cr95 Cr107 Cr134 Cr181 Cr230 Cr272 Cr
Total liabilities190 Cr269 Cr285 Cr316 Cr369 Cr449 Cr604 Cr748 Cr881 Cr
Fixed assets (net)55 Cr62 Cr72 Cr68 Cr81 Cr86 Cr99 Cr98 Cr124 Cr
CWIP0.61 Cr11 Cr6 Cr10 Cr0.88 Cr4 Cr6 Cr20 Cr22 Cr
Investments0.0057 Cr0.0056 Cr0.0011 Cr0.0041 Cr0.0090 Cr0.01 Cr6 Cr12 Cr15 Cr
Loans & advances—————0 Cr0 Cr0.69 Cr0 Cr
Inventories38 Cr61 Cr61 Cr71 Cr76 Cr112 Cr161 Cr189 Cr195 Cr
Trade receivables49 Cr73 Cr84 Cr96 Cr135 Cr156 Cr157 Cr225 Cr301 Cr
Cash & bank9 Cr2 Cr3 Cr4 Cr4 Cr9 Cr31 Cr13 Cr42 Cr
Other assets38 Cr59 Cr58 Cr67 Cr72 Cr82 Cr144 Cr189 Cr183 Cr
Total assets190 Cr269 Cr285 Cr316 Cr369 Cr449 Cr604 Cr748 Cr881 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21 Cr18 Cr18 Cr35 Cr14 Cr34 Cr58 Cr55 Cr56 Cr
Cash from investing-20 Cr-15 Cr-8 Cr-12 Cr-16 Cr-16 Cr-68 Cr-72 Cr-24 Cr
Cash from financing1 Cr-4 Cr-9 Cr-22 Cr2 Cr-13 Cr32 Cr-2 Cr-17 Cr
Net cash flow2 Cr-1 Cr1 Cr0.83 Cr-0.10 Cr5 Cr22 Cr-18 Cr17 Cr
Free cash flow (OCF − Capex)-4 Cr1 Cr14 Cr26 Cr2 Cr18 Cr34 Cr11 Cr19 Cr

Ratios

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.3%13.1%19.2%20.8%16.5%21.1%22.3%23.3%16.9%
ROE %12.3%7.0%16.0%19.5%17.2%21.7%19.0%19.9%14.4%
Debtor days113108111116134141111112149
Inventory days209188184211171233255203215
Days payable21418012113413212211089115
Cash conversion cycle109116174193172252256226249
OCF / EBITDA %96.9%77.7%48.6%68.5%30.9%53.2%59.1%43.0%54.9%
OCF / EBITDA % (3 years)———63.6%50.1%51.7%51.0%50.7%51.5%
Debt / equity0.590.550.580.420.410.320.200.190.16
Current ratio1.251.151.291.571.561.601.861.912.04
Net debt / EBITDA1.902.59———1.040.410.540.40