NSEI:JASH

Stock Analysis Report

Executive Summary

Jash Engineering Limited manufactures and sells various engineering products for general engineering, water and waste water, and bulk solids handling industries in India.

Snowflake

Fundamentals

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Jash Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.5%

JASH

3.2%

IN Machinery

3.8%

IN Market


1 Year Return

-1.9%

JASH

-10.0%

IN Machinery

6.0%

IN Market

Return vs Industry: JASH exceeded the Indian Machinery industry which returned -10% over the past year.

Return vs Market: JASH underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

JASHIndustryMarket
7 Day-5.5%3.2%3.8%
30 Day-5.2%1.9%2.9%
90 Day-8.8%-1.9%2.9%
1 Year-0.1%-1.9%-8.5%-10.0%8.2%6.0%
3 Yearn/a-0.3%-4.1%23.0%16.7%
5 Yearn/a40.8%32.8%43.6%30.0%

Price Volatility Vs. Market

How volatile is Jash Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jash Engineering undervalued compared to its fair value and its price relative to the market?

13.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JASH (₹96.7) is trading above our estimate of fair value (₹12.1)

Significantly Below Fair Value: JASH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JASH is poor value based on its PE Ratio (13.4x) compared to the Machinery industry average (12.5x).

PE vs Market: JASH is poor value based on its PE Ratio (13.4x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JASH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JASH is good value based on its PB Ratio (1x) compared to the IN Machinery industry average (1.2x).


Next Steps

Future Growth

How is Jash Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JASH's forecast earnings growth (13.1% per year) is above the savings rate (7.6%).

Earnings vs Market: JASH's earnings (13.1% per year) are forecast to grow slower than the Indian market (18% per year).

High Growth Earnings: JASH's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if JASH's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if JASH's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JASH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Jash Engineering performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JASH's earnings have declined by -6.2% per year over the past 5 years.

Accelerating Growth: JASH's earnings growth over the past year (2441.3%) exceeds its 5-year average (-6.2% per year).

Earnings vs Industry: JASH earnings growth over the past year (2441.3%) exceeded the Machinery industry 13.2%.


Return on Equity

High ROE: JASH's Return on Equity (7.6%) is considered low.


Return on Assets

ROA vs Industry: JASH's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: JASH's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Jash Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: JASH's short term assets (₹1.7B) exceeds its short term liabilities (₹1.4B)

Long Term Liabilities: JASH's short term assets (1.7B) exceeds its long term liabilities (134.5M)


Debt to Equity History and Analysis

Debt Level: JASH's debt to equity ratio (62%) is considered high

Reducing Debt: JASH's debt to equity ratio has increased from 32.1% to 62% over the past 5 years.

Debt Coverage: JASH's debt is well covered by operating cash flow (28.4%).

Interest Coverage: JASH's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet

Inventory Level: JASH has a high level of physical assets or inventory.

Debt Coverage by Assets: JASH's debt is covered by short term assets (assets are 2.400580x debt).


Next Steps

Dividend

What is Jash Engineering's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%0.6%markettop25%2.4%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JASH's dividend (1.55%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: JASH's dividend (1.55%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: Too early to tell whether JASH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if JASH's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), JASH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Jash Engineering's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average board tenure


CEO

Laxminandan Amin 0

0yrs

Tenure

₹4,582,432

Compensation

Mr. L.D. Amin is the Managing Director and Director of Jash Engineering Ltd. 


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Laxminandan's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Laxminandan's compensation has been consistent with company performance over the past year.


Board Age and Tenure

2.2yrs

Average Tenure

Experienced Board: JASH's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Laxminandan Amin

    Chairman & MD

    • Tenure: 0yrs
    • Compensation: ₹4.58m
  • Pratik Patel

    MD & Director

    • Tenure: 0yrs
    • Compensation: ₹5.45m
  • Dharmendra Jain

    General Manager of Finance

    • Tenure: 0yrs
    • Compensation: ₹2.76m
  • Ashok Jain

    Head of Human Resource & Administration

    • Tenure: 0yrs
  • Tushar Kharpade

    Company Secretary & Compliance Officer

    • Tenure: 2.5yrs
    • Compensation: ₹461.56k
  • Bhuvanesh Chandra (41yo)

    Vice President of Operation

    • Tenure: 0yrs
  • H.N. Nagaraj (69yo)

    Asst. Vice President of Marketing

    • Tenure: 0yrs

Board Members

  • Laxminandan Amin

    Chairman & MD

    • Tenure: 0yrs
    • Compensation: ₹4.58m
  • Pratik Patel

    MD & Director

    • Tenure: 0yrs
    • Compensation: ₹5.45m
  • Axel Schuette

    Director

    • Tenure: 0yrs
  • Brij Maheshwari (54yo)

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: ₹50.00k
  • Sunita Kishnani

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: ₹50.00k
  • Vishwapati Trivedi (65yo)

    Independent Director

    • Tenure: 1.2yrs
  • Durgalal Manwani

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: ₹50.00k
  • Sunil Choksi

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: ₹25.00k

Company Information

Jash Engineering Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jash Engineering Limited
  • Ticker: JASH
  • Exchange: NSEI
  • Founded: 1948
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹1.145b
  • Shares outstanding: 11.84m
  • Website: https://www.jashindia.com

Number of Employees


Location

  • Jash Engineering Limited
  • 31, Sector-C
  • Sanwer Road
  • Indore
  • Madhya Pradesh
  • 452015
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JASHNSEI (National Stock Exchange of India)YesEquity SharesININROct 2017

Biography

Jash Engineering Limited manufactures and sells various engineering products for general engineering, water and waste water, and bulk solids handling industries in India. It offers water control gates, suc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 13:00
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.