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Last Updated: March 18, 2026, 3:08 am
Author: Getaka|Social: XLinkedIn

Jaiprakash Associates Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹38.56Undervalued by 1,493.39%vs CMP ₹2.42

P/E (15.0) × ROE (15.0%) × BV (₹21.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹32.72Undervalued by 1,252.07%vs CMP ₹2.42
MoS: +92.6% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹45.2663%Under (+1770.2%)
Revenue MultipleRevenue₹11.8138%Under (+388%)
Consensus (2 models)₹32.72100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.4% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Analyst Summary

Jaiprakash Associates Ltd operates in the Construction, Contracting & Engineering segment, current market price is ₹2.42, market cap is 594 Cr.. At a glance, ROE is %, ROCE is 2.03 %, book value is 21.0, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹32.72, which is about 1,252.1% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹5,796 Cr versus the prior period change of -18.8%, while latest net profit is about ₹-2,823 Cr with a prior-period change of -110.8%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 4.32/2.28, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJaiprakash Associates Ltd. is a Public Limited Listed company incorporated on 15/11/1995 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L14106UP1995PLC019017 and registration number is 019017. Currently Compan…

This summary is generated from the stock page data available for Jaiprakash Associates Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

32
Jaiprakash Associates Ltd scores 32/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health22/100 · Weak
ROCE 2.0% WeakROE 0.0% WeakD/E 10.67 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 30.1% Stable
Earnings Quality40/100 · Moderate
OPM stable around 1% SteadyWorking capital: 272 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -50% YoY DecliningOPM: -11.0% (down 11.0% YoY) Margin pressure
Industry Rank35/100 · Weak
ROCE 2.0% vs industry 16.4% Below peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 18, 2026, 3:08 am

Market Cap 594 Cr.
Current Price 2.42
Intrinsic Value₹32.72
High / Low 4.32/2.28
Stock P/E
Book Value 21.0
Dividend Yield0.00 %
ROCE2.03 %
ROE%
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jaiprakash Associates Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jaiprakash Associates Ltd 594 Cr. 2.42 4.32/2.28 21.00.00 %2.03 %% 2.00
Modis Navnirman Ltd 588 Cr. 300 409/22071.7 46.50.00 %12.9 %9.88 % 10.0
Consolidated Construction Consortium Ltd 631 Cr. 14.1 28.9/12.7 6.200.00 %0.45 %28.3 % 2.00
Nila Spaces Ltd 519 Cr. 13.2 20.5/10.621.6 3.900.00 %24.2 %10.3 % 1.00
Likhitha Infrastructure Ltd 674 Cr. 171 324/13112.8 1010.00 %27.6 %20.3 % 5.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Jaiprakash Associates Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8761,9081,4291,8961,6561,9721,6711,3601,4781,137672685726
Expenses 1,7411,6581,3511,8061,6161,8851,5361,3941,4811,331691725807
Operating Profit 13625078904087135-34-3-194-19-41-81
OPM % 7%13%5%5%2%4%8%-3%-0%-17%-3%-6%-11%
Other Income -53-3086815-123-145-792100-150-189551293-278
Interest 281174226253271266274288306301204234246
Depreciation 101779796105958878302106949485
Profit before tax -299-309-176-245-459-420-1,020-300-762-789235-76-690
Tax % 5%2%4%1%4%3%1%-1%1%-7%1%-2%0%
Net Profit -315-316-183-248-476-431-1,026-298-768-731232-75-693
EPS in Rs -1.26-1.31-0.74-1.00-1.93-1.79-4.17-1.19-3.11-2.690.98-0.28-2.80

Last Updated: March 4, 2026, 7:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 19,83219,66618,39713,7597,6459,2107,0356,4065,7527,2637,1355,7963,220
Expenses 13,29513,35613,52512,0598,2369,8507,0315,7035,8426,6186,9275,9393,554
Operating Profit 6,5386,3104,8711,700-591-6405703-90645208-143-334
OPM % 33%32%26%12%-8%-7%0%11%-2%9%3%-2%-10%
Other Income 53060975-2,9461,262-2612,702207-5-520-110-976377
Interest 6,2337,3387,8477,4692,4869881,1591,0019981,0561,0101,176985
Depreciation 1,7081,6941,8201,888782592603568395381388576379
Profit before tax -874-2,113-4,721-10,603-2,597-2,481945-659-1,487-1,312-1,301-2,871-1,320
Tax % -20%-27%-33%-11%-0%7%41%1%1%3%3%-2%
Net Profit -703-1,551-3,164-9,413-2,597-2,644561-667-1,498-1,352-1,339-2,823-1,267
EPS in Rs -3.72-7.13-12.13-35.79-7.96-8.414.50-2.71-6.02-5.47-5.46-11.17-4.79
Dividend Payout % -3%-1%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-120.63%-104.00%-197.50%72.41%-1.81%121.22%-218.89%-124.59%9.75%0.96%-110.83%
Change in YoY Net Profit Growth (%)0.00%16.63%-93.51%269.91%-74.22%123.03%-340.11%94.31%134.33%-8.78%-111.79%

Jaiprakash Associates Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-12%
5 Years:-4%
3 Years:0%
TTM:-35%
Compounded Profit Growth
10 Years:4%
5 Years:8%
3 Years:7%
TTM:-99%
Stock Price CAGR
10 Years:-9%
5 Years:0%
3 Years:-28%
1 Year:-54%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 8:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 444486486486486486486489491491491491491
Reserves 9,82614,46912,0303,3244,1926061,6951,073-406-1,742-3,085-5,811-5,639
Borrowings 72,59975,27466,24638,95328,85928,67819,69219,14619,09716,45815,41218,49717,467
Other Liabilities 19,80719,27221,42418,59016,08826,81914,41515,65418,20922,56123,32321,42520,939
Total Liabilities 102,676109,501100,18761,35449,62656,59036,28936,36237,39137,76836,14134,60233,257
Fixed Assets 45,43453,77542,78518,58919,71419,8459,5898,9888,6184,9584,6076,9456,092
CWIP 27,12419,42011,3212,8661,465673679714247193289305162
Investments 3,0423,0262,7132,1271,3181,2101,6711,4621,4621,4921,203610717
Other Assets 27,07633,28043,36937,77227,12934,86024,35125,19827,06431,12530,04226,74326,286
Total Assets 102,676109,501100,18761,35449,62656,59036,28936,36237,39137,76836,14134,60233,257

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4,5533,6966,6765,793-8557708271,076217611,170558
Cash from Investing Activity + -7,316-3,6087,000-1,42615,122-3-266-360-116134-219
Cash from Financing Activity + 2,546-518-14,421-4,554-14,220-931-570-743-281-625-960-412
Net Cash Flow -216-430-745-18747-165-10330-20020344-74
Free Cash Flow -4,12824812,8224,42314,2096415811,009-796981,003601
CFO/OP 75%61%138%338%149%-124%13,192%138%-39%129%605%-433%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-66.00-69.00-62.00-37.00-619.00-668.00-14.00684.00-109.00629.00193.00-161.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 39648449938512012119412111977
Inventory Days 7931,1488761,4072,8163,1732,1213,0832,7622,3622,6183,011
Days Payable 325365146257481405392442468334366384
Cash Conversion Cycle 5078478141,1992,4272,8531,8492,7632,4882,1492,3702,704
Working Capital Days -171-135295-22625783356430524474438272
ROCE %6%5%4%-0%-3%-4%-2%1%-1%3%2%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 38.07%37.74%37.71%29.97%29.97%30.23%30.23%30.23%30.23%30.23%30.11%30.11%
FIIs 0.97%0.57%0.89%0.98%2.08%2.67%2.25%1.30%1.41%1.04%0.56%0.56%
DIIs 1.28%1.28%1.33%9.24%9.15%9.11%9.44%9.29%8.91%8.91%8.57%8.57%
Public 59.68%60.39%60.07%59.81%58.80%57.98%58.08%59.19%59.46%59.85%60.74%60.75%
No. of Shareholders 6,07,6706,00,8415,84,0295,92,2826,04,6236,33,5936,54,5016,34,6386,36,4116,42,7266,47,7866,45,515

Shareholding Pattern Chart

No. of Shareholders

Jaiprakash Associates Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 1,484,903 0.49 2.241,484,9032025-04-22 17:25:300%
Groww Nifty Total Market Index Fund 3,348 0.02 0.013,3482025-04-22 17:25:300%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -11.17-5.46-5.47-6.02-2.72
Diluted EPS (Rs.) -11.17-5.46-5.47-6.02-2.72
Cash EPS (Rs.) -9.94-4.89-4.00-3.82-0.40
Book Value[Excl.RevalReserv]/Share (Rs.) -21.67-10.78-5.310.176.22
Book Value[Incl.RevalReserv]/Share (Rs.) -21.67-10.78-5.310.176.22
Revenue From Operations / Share (Rs.) 23.6126.7629.5928.6626.21
PBDIT / Share (Rs.) 0.762.363.340.493.52
PBIT / Share (Rs.) -1.580.791.79-1.791.20
PBT / Share (Rs.) -12.32-4.76-3.25-6.06-2.69
Net Profit / Share (Rs.) -12.29-6.45-5.56-6.11-2.73
NP After MI And SOA / Share (Rs.) -11.17-5.46-5.47-6.02-2.71
PBDIT Margin (%) 3.258.8211.281.7413.43
PBIT Margin (%) -6.682.976.03-6.254.56
PBT Margin (%) -52.19-17.80-10.98-21.15-10.28
Net Profit Margin (%) -52.05-24.11-18.78-21.30-10.41
NP After MI And SOA Margin (%) -47.29-20.40-18.47-21.01-10.32
Return on Networth / Equity (%) 0.000.000.00-1745.83-42.94
Return on Capital Employeed (%) -2.201.062.20-1.971.26
Return On Assets (%) -7.92-3.70-3.55-3.95-1.81
Long Term Debt / Equity (X) -2.52-4.65-10.52178.8410.29
Total Debt / Equity (X) -3.38-5.75-12.80220.9910.67
Asset Turnover Ratio (%) 0.160.170.190.100.11
Current Ratio (X) 1.391.531.561.581.62
Quick Ratio (X) 0.420.640.700.650.64
Inventory Turnover Ratio (X) 0.360.180.240.170.13
Interest Coverage Ratio (X) 0.160.560.790.110.87
Interest Coverage Ratio (Post Tax) (X) -0.290.150.38-0.420.28
Enterprise Value (Cr.) 17370.8218369.7217174.5120228.4917427.74
EV / Net Operating Revenue (X) 3.002.802.362.882.72
EV / EBITDA (X) 91.9431.7120.95165.2120.25
MarketCap / Net Operating Revenue (X) 0.130.670.230.290.26
Price / BV (X) -0.14-1.70-1.3624.131.09
Price / Net Operating Revenue (X) 0.130.670.230.290.26
EarningsYield -3.51-0.30-0.78-0.72-0.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jaiprakash Associates Ltd. is a Public Limited Listed company incorporated on 15/11/1995 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L14106UP1995PLC019017 and registration number is 019017. Currently Company is involved in the business activities of Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. Company's Total Operating Revenue is Rs. 3117.29 Cr. and Equity Capital is Rs. 490.92 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringSector-128, Noida Uttar Pradesh 201304Contact not found
Management
NamePosition Held
Mr. Jaiprakash GaurDirector & Chairman Emeritus
Mr. Manoj GaurExecutive Director
Mr. Pankaj GaurExecutive Director
Mr. Naveen Kumar SinghExecutive Director
Mr. Sunil Kumar SharmaNon Executive Director
Mr. Narinder K GroverIndependent Director
Dr. Y MeduryIndependent Director
Mr. Krishna M SinghIndependent Director
Mr. Pramod K AgrawalIndependent Director

FAQ

What is the intrinsic value of Jaiprakash Associates Ltd and is it undervalued?

As of 21 April 2026, Jaiprakash Associates Ltd's intrinsic value is ₹32.72, which is 1252.07% higher than the current market price of ₹2.42, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹21.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jaiprakash Associates Ltd?

Jaiprakash Associates Ltd is trading at ₹2.42 as of 21 April 2026, with a FY2026-2027 high of ₹4.32 and low of ₹2.28. The stock is currently near its 52-week low. Market cap stands at ₹594 Cr..

How does Jaiprakash Associates Ltd's P/E ratio compare to its industry?

Jaiprakash Associates Ltd has a P/E ratio of , which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Jaiprakash Associates Ltd financially healthy?

Key indicators for Jaiprakash Associates Ltd: ROCE of 2.03 % is on the lower side compared to the industry average of 16.37%; ROE of % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Jaiprakash Associates Ltd profitable and how is the profit trend?

Jaiprakash Associates Ltd reported a net profit of ₹-2,823 Cr in Mar 2025 on revenue of ₹5,796 Cr. Compared to ₹-1,498 Cr in Mar 2022, the net profit shows a mixed trend.

Does Jaiprakash Associates Ltd pay dividends?

Jaiprakash Associates Ltd has a dividend yield of 0.00 % at the current price of ₹2.42. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jaiprakash Associates Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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