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Swing Capital

Jash Engineering Ltd

NSE: JASH BSE: 544402Metal

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]

₹371
52W: ₹321 — ₹647
PE 42.7 · Book ₹65.1 · +470% vs book
Market Cap₹2,345 Cr
Stock P/E42.7Price to Earnings
ROCE22%Return on Capital
ROE19.1%Return on Equity
Div. Yield0.52%Face Value ₹2

Strengths

  • +Company has delivered good profit growth of 25.9% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 17.9%

Weaknesses

  • −Promoter holding has decreased over last 3 years: -7.84%

Shareholding Pattern

Promoters43.24%
FIIs1.79%
DIIs0.39%
Public54.12%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters43.65%43.61%▼0.043.52%▼0.143.39%▼0.143.39%43.4%▲0.043.43%▲0.043.24%▼0.2
FIIs1.67%1.58%▼0.12.27%▲0.71.96%▼0.31.96%2.06%▲0.12%▼0.11.79%▼0.2
DIIs3.53%0.59%▼2.90.78%▲0.20.9%▲0.11.04%▲0.10.53%▼0.50.49%▼0.00.39%▼0.1
Public51.16%54.22%▲3.153.42%▼0.853.75%▲0.353.62%▼0.154.01%▲0.454.09%▲0.154.12%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales7094139911051031767711497
Expenses6071109767679150728980
Operating Profit1024301529232752517
OPM %14%25%22%16%28%23%15%6%22%18%
Net Profit817231023171941714
EPS ₹1.292.883.661.593.752.653.040.662.772.27

AI Insights

Revenue Trend

TTM revenue at ₹465Cr, down 2.1% YoY. OPM at 16%.

Debt Position

Borrowings at ₹74Cr. Debt-to-equity ratio: 0.19x. Healthy balance sheet.

Capex Cycle

CWIP at ₹10Cr (11% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.39% (-3.90pp change). FIIs: 1.79% (+0.58pp change). Promoters hold 43.24%.

Margin & Efficiency

ROCE improving from 16% (Mar 2014) to 22% (Mar 2025). Working capital days: 90.

Valuation

PE 42.7x with 22% ROCE. Price is 470% above book value of ₹65.1. Dividend yield: 0.52%.

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