Jash Engineering Ltd (JASH) — shareholding pattern, promoter holding, financials and share price
About Jash Engineering Ltd (JASH)
Jash Engineering Ltd operates in the Industrial Products industry, within the Capital Goods sector. It trades on the NSE as JASH and on the BSE under scrip code 544402. Its ISIN is INE039O01029.
Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. [1] Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
Jash Engineering Limited manufactures engineered water-control equipment and process solutions including water control gates, screens, valves, and hydro/ process equipment for water, wastewater, desalination and industrial facilities, providing end-to-end design, casting, fabrication, assembly and testing from multiple global plants and subsidiaries across India, UK, USA and Europe.
Despite only 3% consolidated revenue growth in 9MFY26 to ₹457.1 crore, Jash Engineering recorded a sharp margin contraction—gross margin fell from 60% to 55% and consolidated EBITDA declined 41% YoY—driven principally by tariff uncertainty hitting US shipments and one-off cost absorption, with management expecting PAT margin to recover to 9–10% by year-end.
Listed peers in Industrial Products: Pitti Engineering Ltd, Hind Rectifiers Ltd, Shanthi Gears Ltd, GMM Pfaudler Ltd, Windsor Machines Ltd, Spectrum Electrical Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹531.9 a share on 10 Jul 2026, Jash Engineering Ltd (JASH) was valued at a price-to-earnings ratio of 44.51x against an industry P/E of 48.01x and a price-to-book of 7.76x on a book value of ₹68.52 per share as of Mar 2025. Solomo computes return on equity of 17.44% and return on capital employed of 19.34% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 44.51x
- Industry P/E
- 48.01x
- P/B
- 7.76x
- EPS (TTM)
- ₹11.95
- Book value / share
- ₹68.52
- ROE
- 17.44%
- ROCE
- 19.34%
- ROA
- 10.1%
- Debt / equity
- 0.23x
- Dividend yield
- 0.34%
- EBITDA margin
- 16.65%
- 52-week range
- ₹321 – ₹647.45
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Jash Engineering Ltd (JASH) reported revenue of ₹736 crore, net profit of ₹76 crore and earnings per share of ₹12.05. That compares with revenue of ₹735 crore and net profit of ₹87 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹291 crore and net profit ₹57 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 368 | 402 | 516 | 735 | 736 |
| Net profit (₹ cr) | 32 | 52 | 67 | 87 | 76 |
| EPS (₹) | 5.39 | 8.59 | 10.79 | 13.97 | 12.05 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 18.15% | 22.75% | 42.57% |
| Profit growth | 25.92% | 40.77% | 29.95% |
| Stock price CAGR | 35% | 29% | -9% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 43.24% of Jash Engineering Ltd (JASH) (unchanged from the previous quarter), foreign institutional investors (FII) hold 1.54% and domestic institutional investors (DII) hold 0.32%. Market capitalisation was ₹3,361 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2018.
Largest disclosed public shareholders in Jun 2026: Axel Schutte 3.94%, HUF 1.96%, Miten Mehta 1.3%, Mahesh Rajesh Agrawal 1.26%, Meenakshi Mercantiles Ltd 1.26%, Envision India Fund 1.11%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 43.24% | - | 1.54% | 0.32% | 56.76% |
| Mar 2026 | 43.24% | - | 1.78% | 0.39% | 56.3% |
| Dec 2025 | 43.44% | - | 2% | 0.49% | 56.56% |
| Sep 2025 | 43.4% | - | 2.06% | 0.53% | 56.6% |
| Jun 2025 | 43.39% | - | 1.96% | 1.04% | 56.61% |
| Mar 2025 | 43.39% | - | 1.96% | 0.9% | 56.61% |
| Dec 2024 | 43.52% | - | - | - | - |
| Sep 2024 | 43.61% | - | - | - | - |