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Jaiprakash Associates NSEI:JPASSOCIAT Stock Report

Last Price


Market Cap







22 Jun, 2022


Company Financials
JPASSOCIAT fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

JPASSOCIAT Stock Overview

Jaiprakash Associates Limited operates as a diversified infrastructure conglomerate in India and internationally.

Risk Analysis

Volatile share price over the past 3 months

Jaiprakash Associates Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Jaiprakash Associates
Historical stock prices
Current Share Price₹7.25
52 Week High₹14.75
52 Week Low₹7.00
1 Month Change-13.17%
3 Month Change-18.54%
1 Year Change-47.84%
3 Year Change133.87%
5 Year Change-63.84%
Change since IPO-51.73%

Recent News & Updates

Apr 12
Jaiprakash Associates (NSE:JPASSOCIAT) Is Experiencing Growth In Returns On Capital

Jaiprakash Associates (NSE:JPASSOCIAT) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 07
These 4 Measures Indicate That Jaiprakash Associates (NSE:JPASSOCIAT) Is Using Debt Extensively

These 4 Measures Indicate That Jaiprakash Associates (NSE:JPASSOCIAT) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

JPASSOCIATIN IndustrialsIN Market

Return vs Industry: JPASSOCIAT underperformed the Indian Industrials industry which returned 3.3% over the past year.

Return vs Market: JPASSOCIAT underperformed the Indian Market which returned -1.6% over the past year.

Price Volatility

Is JPASSOCIAT's price volatile compared to industry and market?
JPASSOCIAT volatility
JPASSOCIAT Average Weekly Movement9.6%
Industrials Industry Average Movement5.1%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.7%
10% least volatile stocks in IN Market4.4%

Stable Share Price: JPASSOCIAT is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: JPASSOCIAT's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

19796,252Manoj Gaur

Jaiprakash Associates Limited operates as a diversified infrastructure conglomerate in India and internationally. The company operates through Construction, Cement & Cement Products, Hotel/Hospitality & Golf Course, Sports Events, Real Estate, Power, Infrastructure Projects, Investments, Fertilizers, Health Care, and Others segments. It constructs river valley, hydropower projects, expressways, and irrigation projects; manufactures and sells lime, plaster, and Portland Pozzolana cement under the Jaypee Cement brand; and generates and transmits hydro, thermal, and wind power.

Jaiprakash Associates Fundamentals Summary

How do Jaiprakash Associates's earnings and revenue compare to its market cap?
JPASSOCIAT fundamental statistics
Market Cap₹18.24b
Earnings (TTM)-₹14.78b
Revenue (TTM)₹74.74b


P/S Ratio


P/E Ratio

Is JPASSOCIAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JPASSOCIAT income statement (TTM)
Cost of Revenue₹56.33b
Gross Profit₹18.40b
Other Expenses₹33.18b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-6.02
Gross Margin24.62%
Net Profit Margin-19.78%
Debt/Equity Ratio43,038.3%

How did JPASSOCIAT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is JPASSOCIAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JPASSOCIAT?

Other financial metrics that can be useful for relative valuation.

JPASSOCIAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA78.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does JPASSOCIAT's PS Ratio compare to its peers?

JPASSOCIAT PS Ratio vs Peers
The above table shows the PS ratio for JPASSOCIAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x

Price-To-Sales vs Peers: JPASSOCIAT is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

Price to Earnings Ratio vs Industry

How does JPASSOCIAT's PE Ratio compare vs other companies in the Industrials Industry?

Price-To-Sales vs Industry: JPASSOCIAT is good value based on its Price-To-Sales Ratio (0.2x) compared to the Indian Industrials industry average (0.9x)

Price to Sales Ratio vs Fair Ratio

What is JPASSOCIAT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JPASSOCIAT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate JPASSOCIAT's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of JPASSOCIAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate JPASSOCIAT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate JPASSOCIAT's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jaiprakash Associates has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine Jaiprakash Associates's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Jaiprakash Associates competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Jaiprakash Associates performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JPASSOCIAT is currently unprofitable.

Growing Profit Margin: JPASSOCIAT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: JPASSOCIAT is unprofitable, but has reduced losses over the past 5 years at a rate of 50.1% per year.

Accelerating Growth: Unable to compare JPASSOCIAT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JPASSOCIAT is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (19.5%).

Return on Equity

High ROE: JPASSOCIAT has a negative Return on Equity (-3446.79%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Jaiprakash Associates's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: JPASSOCIAT's short term assets (₹239.3B) exceed its short term liabilities (₹151.7B).

Long Term Liabilities: JPASSOCIAT's short term assets (₹239.3B) exceed its long term liabilities (₹221.8B).

Debt to Equity History and Analysis

Debt Level: JPASSOCIAT's net debt to equity ratio (41931.1%) is considered high.

Reducing Debt: JPASSOCIAT's debt to equity ratio has increased from 733.3% to 43038.3% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: JPASSOCIAT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: JPASSOCIAT has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 41.6% each year.

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What is Jaiprakash Associates's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate JPASSOCIAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JPASSOCIAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JPASSOCIAT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JPASSOCIAT's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: JPASSOCIAT is not paying a notable dividend for the Indian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as JPASSOCIAT has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Manoj Gaur (57 yo)

no data




Mr. Manoj Gaur, B.E. (Civil Hons.), serves as the Chairman of Bhilai Jaypee Cement Limited since November 2020. Mr. Gaur serves as the Chief Executive Officer at Jaiprakash Associates Limited. Mr. Gaur has...

CEO Compensation Analysis

Compensation vs Market: Manoj's total compensation ($USD326.64K) is above average for companies of similar size in the Indian market ($USD202.20K).

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

Leadership Team

Experienced Management: JPASSOCIAT's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Experienced Board: JPASSOCIAT's board of directors are seasoned and experienced ( 11.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Jaiprakash Associates Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Jaiprakash Associates Limited
  • Ticker: JPASSOCIAT
  • Exchange: NSEI
  • Founded: 1979
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: ₹18.238b
  • Shares outstanding: 2.45b
  • Website:

Number of Employees


  • Jaiprakash Associates Limited
  • JA House, 63
  • Basant Lok
  • New Delhi
  • Delhi
  • 110057
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/22 00:00
End of Day Share Price2022/06/22 00:00
Annual Earnings2022/03/31

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.