TickerSutra

NSE: JASH · BSE: 544402 · ISIN INE039O01029

Jash Engineering Limited stock analysis

Jash Engineering Limited ranks #1837 in the TickerSutra evidence-ranked universe with a score of 50/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.7%, quarterly sales growth of 17.4% and quarterly profit growth of 195.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE50/100

Monitor only

#1837 of 5,430 ranked equities
Market capitalisation₹3,272.42cr
ROCE17.7%
Quarterly sales growth17.4%
Quarterly profit growth195.5%
P/E ratio38.0×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.2×
  • 22.3% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹368cr₹47cr₹32cr13.0%
2023₹402cr₹64cr₹52cr16.0%
2024₹516cr₹99cr₹67cr19.0%
2025₹735cr₹127cr₹87cr17.0%
2026₹736cr₹102cr₹76cr14.0%
TTM₹758cr₹114cr₹86cr15.0%
Debt / equity0.20×
CFO / EBITDA0.55×
Operating margin15.0%
Free cash flow₹19cr
Sales CAGR · 3Y22.3%
Profit CAGR · 3Y13.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts6 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Raw material inflationHigh severity · 1 mention
Negative warning

Non-adherence to these regulations can attract significant financial Macroeconomic volatility can have a direct bearing on capital expenditure and project rollout in the water sector. Potential slowdowns in industrial activity, evolving environmental policy frameworks, and rising raw material costs often influenced by geopolitical tension scan constrain spending on water infrastructure. These factors collectively contri

Market share gainHigh severity · 1 mention
Positive catalyst

Technology enhancement remains an ongoing exercise, with a focus on adopting improved manufacturing processes, optimizing product design, and enhancing operational efficiency to meet evolving customer requirements and industry standards. The Company continues to undertake focused efforts towards technology development and absorption to strengthen its competitive advantage and sustain market leadership. These initiativ

Capacity expansion plansHigh severity · 2 mentions
Watch

(WesTech) ₹40 Cr * Consolidated sales is arrived after deducting inter-company sales. CONSISTENTLY GROWTH Corporate Overview Statutory Reports | Financial Statements Annual Report 2025-26 35Annual Report 2025-2634 Growing Stronger, (Consolidated)Year After Year Revenue grew~5x from `161 Cr in FY17 to `757 Cr in FY26, driven by capacity expansion, strategic acquisitions, diversified portfolio, and growing global presen

Export market updatesHigh severity · 9 mentions
Constructive

One of the highlights of the year was our continued focus on strengthening the business for the future. We completed the acquisition of WesTech Process Equipment (India) Private Limited and Penstock UK Limited, further enhancing our capabilities in process equipment and strengthening our presence in key international markets. These acquisitions expand our product portfolio, deepen customer relationships and create ne

Regulatory updatesModerate severity · 42 mentions
Constructive

Ÿ Government initiatives such as the National Sanitation Plan are supporting investment in treatment capacity. In FY25, India’s water and waste water treatment equipment market continues to gain momentum, driven by rapid urbanization, industrial expansion, and increasing regulatory focus on sustainable water management. With growing pressure on freshwater resources and rising pollution levels in major rivers and wate

Regulatory approvalLow severity · 28 mentions
Watch

This global footprint enables us to stay closer to our clients, respond with greater agility and deliver reliable engineering solutions across markets. Consolidated Revenue 2025-26 ₹757Cr 1221 Employees Approved by Major Municipal Authorities in India and Abroad Manufacturing units 8 50+ Countries – Global Exports 350+ Years of Cumulative Experience Corporate Overview Statutory Reports | Financial Statements Annual R

Margin expansionLow severity · 1 mention
Watch

And regarding Rodney Hunt, the $35 million revenue target we have for the next year. Like, how much path margin are you making in, and how much percentage of the revenue would be coming from the higher margin post tariff orders versus the legacy orders we quoted at 25% tariffs? Pratik Patel: I would say the both would be like 40 :60.

Institutional interestLow severity · 2 mentions
Watch

Policy for determining ‘material’ subsidiaries Yes https://jashindia.com/wp-content/uploads/2022/09/ Policy-on-Material-Subsidiary.pdf 9. 14 Schedule of analysts or institutional investors meet and presentations made by the listed entity to analysts or institutional investors Yes Schedule of Analyst/investor Meeting Yes https://jashindia.com/investors/ #:~:text=INVESTOR%20CALLS%20%26%20PRESENTATION Presentations Yes

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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