BSE: 505840
JAIPAN INDUSTRIES LTD.
Manufactures and sells household appliances in India, classified under consumer durables. In FY26 it reported revenue of Rs 27.31 crore with a net profit of Rs 0.33 crore and an EBITDA margin of 3.27%. Materials account for 87.1% of revenue, employee costs 4.9%, and other operating expenses 8.3%, pointing to a materials-heavy assembly or manufacturing model with thin margins. In FY 2023-24 the business suffered a fire loss of Rs 950.13 lakh; an insurance claim of Rs 299.81 lakh was recognised as an exceptional item in FY 2025-26. The equity base is small at 60,99,840 shares of Rs 10 each, and outstanding borrowings stood at Rs 4.90 crore as of March 31, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufactured household appliances. Small, materials-heavy household appliance maker with thin margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 23 | 39 | 23 | 29 | 27 |
| EBITDA (ex other income) | 0 | 1 | (1) | — | 1 |
| margin % | 1.9 | 2.4 | (5.7) | — | 3.1 |
| Owners' profit | 0 | 1 | (2) | — | 0 |
| EPS, as reported (₹) | 0.00 | 0.23 | (1.86) | 0.04 | 0.55 |
| ROE % · ROCE % | 1.4 · 4.3 | 9.2 · 10.4 | (44.6) · (14.7) | — · 6.5 | 4.3 · 4.6 |
| Debt / equity (x) | 0.25 | 0.34 | 1.34 | — | 0.93 |
| Cash from operations | (1) | 2 | (1) | 0 | 4 |
| Capex | 0 | 0 | (1) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 7 | 7 | 8 | 7 | 14 | 9 | 5 |
| Profit before tax | (0) | (1) | 0 | 0 | 0 | 3 | 0 | 0 |
| Net profit | (0) | (1) | 0 | 0 | — | 3 | 0 | 0 |
| EPS (₹) | 0.00 | (1.70) | 0.01 | 0.01 | 0.01 | 0.52 | 0.02 | 0.01 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LG ELECTRONICS INDIA LTD | 1,13,694 | 62.3 | 14.83 | — | 22.0 | 27.2 | — | 13.8 |
| BLUE STAR LIMITED | 31,375 | 61.6 | 9.14 | 33.2 | 15.4 | 18.9 | 23.8 | 6.1 |
| VOLTAS LTD | 31,300 | 69.7 | 4.89 | 36.7 | 5.8 | 9.9 | 13.8 | 7.6 |
| AMBER ENTERPRISES (I) LTD | 21,267 | 221.0 | 3.67 | 23.0 | 3.9 | 5.3 | 32.1 | 6.1 |
| CROMPT GREA CON ELEC LTD | 12,637 | — | 3.68 | 91.4 | (6.7) | (2.1) | 11.0 | 11.0 |
| V-GUARD IND LTD. | 11,578 | 31.9 | 4.88 | 21.9 | 13.0 | 15.5 | 17.0 | 11.2 |
| WHIRLPOOL OF INDIA LTD | 10,633 | 42.4 | 2.56 | 15.4 | 7.1 | 8.1 | 6.4 | 7.6 |
| TTK PRESTIGE LTD | 7,397 | 38.3 | 3.75 | 23.5 | 7.9 | 10.2 | 6.3 | 13.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 88.2 | 42.4 | 16 of 19 | 17% |
| P/B | 3.9 | 4.3 | 11 of 23 | 55% |
| ROCE | 2.2 | 9.4 | 19 of 24 | 22% |
| ROE | 4.3 | 7.1 | 15 of 23 | 36% |
| Debt / Equity | 0.9 | 0.0 | 22 of 23 | 5% |
| EBITDA margin | 4.0 | 7.6 | 20 of 23 | 14% |
| Revenue growth | (36.7) | 15.4 | 19 of 22 | 14% |
| Profit growth | 25.6 | 38.1 | 12 of 21 | 45% |
| Market cap | 30 | 3661 | 23 of 24 | 4% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine SEBI dematerialization certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 2 Oct 2026 · AGM results: financials adopted, director reappointed, RPT approved | results | medium | — | — |
| 30 Sept 2026 · 60th AGM of Jaipan Industries held, three resolutions approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 until Q2 results are declared | compliance | minimal | — | — |
| 6 Sept 2026 · Jaipan Industries submits 60th Annual Report for FY 2025-26, AGM on Sep 30 | board shareholder meetings | medium | — | — |
| 6 Sept 2026 · 60th AGM scheduled for 30 September 2026 in physical mode | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Jaipan Industries board fixes AGM on 30 September 2026 | board shareholder meetings | low | — | — |
| 6 Sept 2026 · AGM on 30 Sept 2026; book closure 26 to 30 Sept; e-voting 27 to 29 Sept | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board meeting on 06/09/2026 to approve 60th AGM notice and related items | board shareholder meetings | low | — | — |
| 21 Aug 2026 · June 2026 quarter profit nearly doubles despite lower revenue | results | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.