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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jash Engineering Ltd

About the Company - Jash Engineering Ltd

Jash Engineering Ltd. is a Public Limited Listed company incorporated on 29/09/1973 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L28910MP1973PLC001226 and registration number is 001226. Currently Company is involved in the business activities of Manufacture of other structural metal products. Company’s Total Operating Revenue is Rs. 256.71 Cr. and Equity Capital is Rs. 11.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General31, C-Sector, Indore Madhya Pradesh 452015info@jashindia.com
http://www.jashindia.com
Management
NamePosition Held
Mr. Pratik PatelChairman & Managing Director
Mr. Suresh PatelExecutive Director
Mr. Axel SchutteDirector
Mr. Vishwapati TrivediIndependent Director
Mr. Durgalal Tuljaram ManwaniIndependent Director
Mr. Rahul PatelDirector
Ms. Sunita KishnaniIndependent Director
Mr. Brij Mohan MaheshwariIndependent Director

Basic Stock Data of Jash Engineering Ltd

Last Updated: May 30, 2024, 6:20 am

Market Cap 3,042 Cr.
Current Price 2,458
High / Low2,552/1,051
Stock P/E45.6
Book Value 284
Dividend Yield0.16 %
ROCE25.1 %
ROE22.6 %
Face Value 10.0
PEG Ratio2.06

Jash Engineering Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales79129456110415746721141696495139
Expenses63984758861304863941336581107
Operating Profit1631-231827-292036-01432
OPM %20%24%-4%5%18%17%-3%13%18%21%-1%15%23%
Other Income2-021122245112
Interest3222322233233
Depreciation2222332333333
Profit before tax1226-4-01425-471935-41028
Tax %19%8%2%-164%4%5%-4%16%8%6%12%14%20%
Net Profit1024-4-11423-461733-3923
EPS in Rs8.5520.00-3.14-0.9811.4519.65-3.474.7214.2127.61-2.807.1018.82

Last Updated: May 15, 2024, 8:03 am

Jash Engineering Ltd Quarterly Chart

Jash Engineering Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales82113119120158175248278299368402443
Expenses719599100137166225240248321338373
Operating Profit11182020219233852476470
OPM %13%16%17%16%13%5%9%14%17%13%16%16%
Other Income11123578361312
Interest5565678101091011
Depreciation434446789101111
Profit before tax3101112151142836355660
Tax %50%22%31%39%32%72%44%28%16%7%8%
Net Profit188710082031325255
EPS in Rs1.568.077.967.6010.540.296.5116.9825.7126.9542.9846.12
Dividend Payout %51%17%20%26%0%348%23%14%12%13%14%

Jash Engineering Ltd Profit & Loss Yearly Chart

Jash Engineering Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:16%
3 Years:20%
TTM:28%
Compounded Profit Growth
10 Years:24%
5 Years:54%
3 Years:30%
TTM:29%
Stock Price CAGR
10 Years:%
5 Years:80%
3 Years:80%
1 Year:124%
Return on Equity
10 Years:17%
5 Years:21%
3 Years:22%
Last Year:23%

Last Updated: May 23, 2024, 3:49 pm

Jash Engineering Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital101010101012121212121212
Reserves49576066749498114144175227231
Borrowings372139445264748472828280
Other Liabilities323247405461857588100128150
Total Liabilities128120156160190231269285316369449473
Fixed Assets5757696686889010198112116113
CWIP11001112612147
Investments000000000000
Other Assets70628793103141166177207257329353
Total Assets128120156160190231269285316369449473

Jash Engineering Ltd Reserves and Borrowings Chart

Jash Engineering Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -6237621-81818351434
Cash from Investing Activity -12-2-18-4-19-18-14-8-12-16-16
Cash from Financing Activity 18-2011-1025-4-9-222-13
Net Cash Flow-00012-1-111-05

Jash Engineering Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days13799128119114124108111117134142
Inventory Days284145207246172209189178201157238
Days Payable210135169147175201181117128121125
Cash Conversion Cycle211109167218110132116172190170255
Working Capital Days16072901399312787102122127144
ROCE %17%17%15%16%4%13%19%21%17%23%

Jash Engineering Ltd Financial Efficiency Indicators Chart

Jash Engineering Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters53.16%53.03%52.88%52.57%52.56%52.57%52.21%51.08%51.01%50.98%50.98%49.44%
FIIs0.00%0.00%0.00%0.00%0.00%0.30%1.03%1.21%1.21%1.21%1.21%1.18%
DIIs3.57%3.29%3.46%3.95%4.10%3.89%3.99%3.98%4.29%4.03%3.95%3.59%
Public43.28%43.69%43.67%43.46%43.33%43.24%42.78%43.73%43.49%43.78%43.86%45.79%
No. of Shareholders5,6846,8596,7537,0807,1256,1645,5445,3445,6416,2276,5599,692

Jash Engineering Ltd Shareholding Pattern Chart

No. of Jash Engineering Ltd Shareholders

Jash Engineering Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund412,8170.5956.3

Jash Engineering Ltd ROCE Trend

Jash Engineering Ltd EPS Trend

Jash Engineering Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)43.2727.0925.7816.987.22
Diluted EPS (Rs.)42.5826.7025.7316.987.22
Cash EPS (Rs.)51.8335.0633.0123.5913.05
Book Value[Excl.RevalReserv]/Share (Rs.)198.44156.32132.08106.0095.19
Book Value[Incl.RevalReserv]/Share (Rs.)198.44156.32132.08106.0095.19
Revenue From Operations / Share (Rs.)334.15307.81252.97234.64209.79
PBDIT / Share (Rs.)64.0744.2846.0838.7824.83
PBIT / Share (Rs.)55.2236.1738.8532.1719.00
PBT / Share (Rs.)46.9628.9630.5623.4412.35
Net Profit / Share (Rs.)42.9826.9525.7816.987.22
NP After MI And SOA / Share (Rs.)42.9826.9525.7816.987.22
PBDIT Margin (%)19.1714.3818.2116.5211.83
PBIT Margin (%)16.5211.7515.3513.719.05
PBT Margin (%)14.059.4012.079.985.88
Net Profit Margin (%)12.868.7510.197.233.44
NP After MI And SOA Margin (%)12.868.7510.197.233.44
Return on Networth / Equity (%)21.6517.2319.5216.017.58
Return on Capital Employeed (%)25.8620.6324.6225.6417.82
Return On Assets (%)11.528.719.647.053.18
Long Term Debt / Equity (X)0.030.060.150.130.06
Total Debt / Equity (X)0.310.400.420.580.50
Asset Turnover Ratio (%)0.980.740.720.730.81
Current Ratio (X)1.651.561.571.291.18
Quick Ratio (X)1.061.081.020.840.75
Inventory Turnover Ratio (X)2.072.091.621.722.03
Dividend Payout Ratio (NP) (%)0.0011.803.4917.6713.85
Dividend Payout Ratio (CP) (%)0.009.072.7212.727.66
Earning Retention Ratio (%)0.0088.2096.5182.3386.15
Cash Earning Retention Ratio (%)0.0090.9397.2887.2892.34
Interest Coverage Ratio (X)7.766.145.564.443.74
Interest Coverage Ratio (Post Tax) (X)6.214.744.112.942.09
Enterprise Value (Cr.)1052.06658.31401.12171.00162.11
EV / Net Operating Revenue (X)2.621.791.340.610.65
EV / EBITDA (X)13.6512.457.353.735.52
MarketCap / Net Operating Revenue (X)2.511.661.190.410.47
Retention Ratios (%)0.0088.1996.5082.3286.14
Price / BV (X)4.233.262.280.921.04
Price / Net Operating Revenue (X)2.511.661.190.410.47
EarningsYield0.050.050.080.170.07

Jash Engineering Ltd Profitability Ratios (%)

Jash Engineering Ltd Liquidity Ratios

Jash Engineering Ltd Liquidity Ratios (%)

Jash Engineering Ltd Interest Coverage Ratios (%)

Jash Engineering Ltd Valuation Ratios

Fair Value

Fair Value: ₹2,931.47

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 19.26% compared to the current price ₹2458

Intrinsic Value: ₹3,579.94

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 45.64% compared to the current price ₹2458

Last 5 Year EPS CAGR: 22.12%

*Investments are subject to market risks

Strength and Weakness of Jash Engineering Ltd Stock

StrengthWeakness
  1. The company has higher reserves (115.75 cr) compared to borrowings (60.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (233.75 cr) and profit (23.42 cr) over the years.
  1. The stock has a low average ROCE of 14.73%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 114.82, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 168.18, which may not be favorable.

FAQ

What is the latest fair value of Jash Engineering Ltd?

The latest fair value of Jash Engineering Ltd is ₹2931.47.

What is the Market Cap of Jash Engineering Ltd?

The Market Cap of Jash Engineering Ltd is 3,042 Cr..

What is the current Stock Price of Jash Engineering Ltd as on 30 May 2024?

The current stock price of Jash Engineering Ltd as on 30 May 2024 is ₹2,458.

What is the High / Low of Jash Engineering Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jash Engineering Ltd stocks is 2,552/1,051.

What is the Stock P/E of Jash Engineering Ltd?

The Stock P/E of Jash Engineering Ltd is 45.6.

What is the Book Value of Jash Engineering Ltd?

The Book Value of Jash Engineering Ltd is 284.

What is the Dividend Yield of Jash Engineering Ltd?

The Dividend Yield of Jash Engineering Ltd is 0.16 %.

What is the ROCE of Jash Engineering Ltd?

The ROCE of Jash Engineering Ltd is 25.1 %.

What is the ROE of Jash Engineering Ltd?

The ROE of Jash Engineering Ltd is 22.6 %.

What is the Face Value of Jash Engineering Ltd?

The Face Value of Jash Engineering Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Jash Engineering 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