Designs and manufactures water-control and process equipment such as gates, penstocks, valves and related engineered products used in water and wastewater infrastructure. Revenue in FY26 was Rs 736.19 cr, split between sales outside India at Rs 408.89 cr (55.5% of segment revenue) and within India at Rs 327.30 cr (44.5%). The business runs a US subsidiary, Rodney Hunt Inc, and has expanded through acquisitions including WesTech Process Equipment India (renamed Jash Process Equipment, January 2026) and Penstocks (UK) Limited (April 2026). Key clients cited include Laxmi Civil, VA Tech Wabag and Al Raida Qatar. The cost base is dominated by materials at 44.7% of revenue, followed by employees at 20.1% and other operating expenses at 21.9%. The consolidated order book stood at Rs 912 cr as of 1 July 2026, of which Rs 628 cr came from international markets including Rs 377 cr from the USA, Rs 36 cr from the UK and Rs 18 cr from Austria. Capacity expansion is underway at the Chennai plant and SEZ Pithampur, with new plants planned in Saudi Arabia and Houston by FY28. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Outside India (56%), Within India (45%). Order-driven industrial engineering with material-heavy costs and significant export exposure through overseas subsidiaries.
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 402 | 516 | 735 | 736 |
| EBITDA (ex other income) | 64 | 99 | 127 | 102 |
| margin % | 15.9 | 19.1 | 17.3 | 13.9 |
| Owners' profit | 0 | 67 | 87 | 76 |
| EPS, as reported (₹) | 43.27 | 55.36 | 13.88 | 12.01 |
| ROE % · ROCE % | 21.7 · 25.9 | 19.0 · 25.3 | 19.9 · 26.0 | 14.4 · 17.8 |
| Debt / equity (x) | 0.32 | 0.20 | 0.19 | 0.16 |
| Cash from operations | 34 | 58 | 55 | 56 |
| Capex | (16) | (24) | (44) | (37) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 140 | 181 | 300 | 128 | 158 | 160 | 291 | 150 |
| Profit before tax | 22 | 35 | 51 | (6) | 14 | 13 | 69 | 7 |
| Net profit | 16 | 35 | 36 | (5) | 11 | 13 | 57 | 5 |
| EPS (₹) | 2.58 | 5.54 | 5.72 | (0.82) | 1.75 | 2.08 | 9.01 | 0.81 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Within India | 327 | 44.5 |
| Outside India | 409 | 55.5 |
| Total, before eliminations | 736 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · August 2026 order intake at Rs 66 Cr; total order book at Rs 937 Cr | business updates | medium | — | — |
| 9 Sept 2026 · Promoter group member Rohan Patel sells 10,000 shares via market | ownership changes | low | — | — |
| 8 Sept 2026 · Promoter Pratik Patel buys 10,000 shares of Jash Engineering | ownership changes | low | — | — |
| 8 Sept 2026 · Promoter Pratik Patel buys 10,000 shares of Jash Engineering | ownership changes | low | — | — |
| 1 Sept 2026 · Jash Engineering files newspaper notice for 52nd AGM | compliance | minimal | — | — |
| 1 Sept 2026 · Record date Sep 16, 2026 fixed for final dividend and 52nd AGM | corporate actions | medium | — | — |
| 1 Sept 2026 · Jash Engineering 52nd AGM on Sep 23, 2026; final dividend Re 1 per share | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Jash Engineering schedules investor conference for 1 September 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Jash Engineering Q1 FY27 results: standalone PAT jumps to Rs 13.4 cr, up threefold YoY | results | high | — | — |
| 18 Aug 2026 · Jash Engineering Q1 FY27: Revenue up 17%, PAT turns positive at Rs.5 cr | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 53.5 |
| 11.3 |
| 13.4 |
| — |
| 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.7 | 26.9 | 88 of 138 | 37% |
| P/B | 6.2 | 3.5 | 81 of 111 | 27% |
| ROCE | 15.6 | 11.3 | 48 of 144 | 67% |
| ROE | 14.4 | 9.5 | 31 of 117 | 74% |
| Debt / Equity | 0.2 | 0.2 | 61 of 117 | 48% |
| EBITDA margin | 9.5 | 12.4 | 73 of 110 | 34% |
| Revenue growth | 17.4 | 20.6 | 62 of 114 | 46% |
| Profit growth | 198.4 | 17.1 | 12 of 109 | 90% |
| Market cap | 3254 | 356 | 23 of 140 | 84% |
| 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 |
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.
