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Last Updated: April 2, 2026, 4:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504080 | NSE: JSLINDL

JSL Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,957.48Undervalued by 211.31%vs CMP ₹950.00

P/E (58.4) × ROE (15.1%) × BV (₹411.00) × DY (2.00%)

₹867.44Fairly Valued by 8.69%vs CMP ₹950.00
MoS: -9.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,747.5723%Under (+189.2%)
Graham NumberEarnings₹387.8916%Over (-59.2%)
Earnings PowerEarnings₹390.4211%Over (-58.9%)
DCFCash Flow₹143.4014%Over (-84.9%)
Net Asset ValueAssets₹409.697%Over (-56.9%)
EV/EBITDAEnterprise₹338.529%Over (-64.4%)
Earnings YieldEarnings₹162.707%Over (-82.9%)
ROCE CapitalReturns₹449.497%Over (-52.7%)
Revenue MultipleRevenue₹225.125%Over (-76.3%)
Consensus (9 models)₹867.44100%Fairly Valued
Key Drivers: Wide model spread (₹143–₹2,748) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -7.1%

*Investments are subject to market risks

Investment Snapshot

53
JSL Industries Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 17.6% GoodROE 15.1% GoodD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 40.8% Stable
Earnings Quality40/100 · Moderate
OPM stable around 8% SteadyWorking capital: 184 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -77% YoY Declining
Industry Rank40/100 · Moderate
P/E 58.4 vs industry 61.2 In-lineROCE 17.6% vs industry 16.4% Average3Y sales CAGR: -1% Shrinking

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: April 2, 2026, 4:54 am

Market Cap 112 Cr.
Current Price 950
Intrinsic Value₹867.44
High / Low 1,684/896
Stock P/E58.4
Book Value 411
Dividend Yield0.00 %
ROCE17.6 %
ROE15.1 %
Face Value 10.0
PEG Ratio-8.23

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

View Share Price Target for JSL Industries Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
JSL Industries Ltd 112 Cr. 950 1,684/89658.4 4110.00 %17.6 %15.1 % 10.0
Surana Solar Ltd 108 Cr. 22.0 41.5/18.3328 11.60.00 %0.27 %0.39 % 5.00
Amba Enterprises Ltd 134 Cr. 106 210/94.017.0 35.90.71 %20.6 %19.0 % 5.00
Cospower Engineering Ltd 167 Cr. 910 999/52843.2 1220.00 %14.4 %11.8 % 10.0
Kaycee Industries Ltd 248 Cr. 782 1,732/63241.4 98.60.26 %30.6 %22.2 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of JSL Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 13.5613.5912.5011.7614.4412.6513.8812.2513.9913.5012.1913.1813.76
Expenses 12.1211.9511.9210.4313.0411.5213.3611.2012.2912.8411.7112.0912.49
Operating Profit 1.441.640.581.331.401.130.521.051.700.660.481.091.27
OPM % 10.62%12.07%4.64%11.31%9.70%8.93%3.75%8.57%12.15%4.89%3.94%8.27%9.23%
Other Income 0.560.292.573.15-1.421.154.441.360.05-0.430.470.410.61
Interest 0.170.060.080.150.080.090.070.180.060.140.190.130.10
Depreciation 0.270.270.260.270.270.300.310.320.330.320.320.340.33
Profit before tax 1.561.602.814.06-0.371.894.581.911.36-0.230.441.031.45
Tax % 14.10%93.12%30.60%29.80%-21.62%12.70%11.57%16.23%27.94%-21.74%9.09%6.80%48.97%
Net Profit 1.340.101.952.85-0.291.654.051.600.99-0.190.400.960.74
EPS in Rs 11.410.8516.6124.28-2.4714.0634.5013.638.43-1.623.418.186.30

Last Updated: March 3, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 12, 2026, 5:10 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 52.6754.9747.7344.4847.3454.7848.4549.1354.9248.5150.7453.0852.63
Expenses 48.2850.6044.5841.6944.6851.7445.9044.4450.5743.7446.2949.1349.13
Operating Profit 4.394.373.152.792.663.042.554.694.354.774.453.953.50
OPM % 8.33%7.95%6.60%6.27%5.62%5.55%5.26%9.55%7.92%9.83%8.77%7.44%6.65%
Other Income 0.380.820.190.320.240.260.610.530.982.405.455.401.06
Interest 1.121.351.010.800.930.910.780.570.590.580.400.450.56
Depreciation 1.341.741.601.611.621.681.611.211.001.061.111.281.31
Profit before tax 2.312.100.730.700.350.710.773.443.745.538.397.622.69
Tax % 38.53%24.29%32.88%28.57%42.86%54.93%59.74%29.94%26.20%37.79%26.58%15.35%
Net Profit 1.421.590.500.510.200.320.312.402.763.446.166.451.91
EPS in Rs 12.7214.244.484.571.702.732.6420.4423.5129.3052.4754.9516.27
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.09%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)11.97%-68.55%2.00%-60.78%60.00%-3.12%674.19%15.00%24.64%79.07%4.71%
Change in YoY Net Profit Growth (%)0.00%-80.53%70.55%-62.78%120.78%-63.12%677.32%-659.19%9.64%54.43%-74.36%

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

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: March 3, 2026, 3:15 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1.121.121.121.121.171.171.171.171.171.171.171.171.17
Reserves 22.6524.1626.0125.3327.1723.4123.6225.9528.7132.1938.3444.7747.13
Borrowings 7.055.716.396.968.743.624.753.802.872.553.352.691.93
Other Liabilities 21.3817.6312.5415.3214.2914.4713.8212.2311.6111.3412.7212.8812.98
Total Liabilities 52.2048.6246.0648.7351.3742.6743.3643.1544.3647.2555.5861.5163.21
Fixed Assets 18.1216.9117.6817.4817.6116.6715.3614.7715.5915.7816.3115.8316.31
CWIP 2.140.610.000.000.000.000.000.000.000.000.000.000.00
Investments 7.177.177.177.177.146.675.775.770.271.665.618.7410.08
Other Assets 24.7723.9321.2124.0826.6219.3322.2322.6128.5029.8133.6636.9436.82
Total Assets 52.2048.6246.0648.7351.3742.6743.3643.1544.3647.2555.5861.5163.21

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3.620.98-0.110.90-1.724.99-2.271.24-4.720.73-2.06-0.16
Cash from Investing Activity + -5.681.71-1.72-1.17-1.48-0.021.20-0.104.65-1.93-0.251.17
Cash from Financing Activity + 0.17-1.342.130.293.19-4.880.97-0.61-0.461.202.31-1.02
Net Cash Flow -1.891.360.300.01-0.010.09-0.100.54-0.530.01-0.01-0.00
Free Cash Flow 3.062.53-1.99-0.45-3.474.24-2.590.68-6.54-0.47-3.40-0.95
CFO/OP 100%38%6%44%-61%178%-76%47%-84%27%-21%24%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-2.66-1.34-3.24-4.17-6.08-0.58-2.200.891.482.221.101.26

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 60.2246.8836.8646.4556.3633.1835.5621.2528.7124.4517.7028.61
Inventory Days 78.4789.4493.91130.17135.0887.4984.35129.8995.15136.61134.06150.48
Days Payable 108.81108.02112.10141.19122.0884.38100.3686.7237.5749.5551.6240.54
Cash Conversion Cycle 29.8928.3018.6735.4369.3736.2919.5564.4186.29111.52100.14138.55
Working Capital Days -38.18-5.98-11.4711.4947.8838.1858.5476.89108.13131.60162.00184.01
ROCE %11.40%9.09%5.49%4.06%3.60%4.93%5.40%13.03%13.57%17.83%22.17%17.60%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 40.77%40.77%40.77%40.77%40.77%40.77%40.77%40.77%40.77%40.76%40.76%40.76%
DIIs 12.55%12.55%12.55%12.55%12.55%12.55%12.55%12.55%12.55%12.55%12.55%12.55%
Public 46.68%46.69%46.68%46.68%46.69%46.69%46.69%46.68%46.68%46.70%46.69%46.69%
No. of Shareholders 2,5032,5212,5292,5362,5912,6432,6962,7522,8012,7732,8102,806

Shareholding Pattern Chart

No. of Shareholders

JSL Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 54.9452.4929.3123.5020.44
Diluted EPS (Rs.) 54.9452.4929.3123.5020.44
Cash EPS (Rs.) 65.8461.9438.3532.0230.79
Book Value[Excl.RevalReserv]/Share (Rs.) 376.86321.98269.45239.76216.16
Book Value[Incl.RevalReserv]/Share (Rs.) 391.41336.62284.17254.58231.07
Revenue From Operations / Share (Rs.) 456.81437.40419.54470.62423.18
PBDIT / Share (Rs.) 79.6584.2961.0745.3944.50
PBIT / Share (Rs.) 68.7574.8352.0336.8734.15
PBT / Share (Rs.) 64.9271.4447.1031.8629.26
Net Profit / Share (Rs.) 54.9352.4829.3123.5020.44
PBDIT Margin (%) 17.4319.2614.559.6410.51
PBIT Margin (%) 15.0417.1012.407.838.07
PBT Margin (%) 14.2116.3311.226.776.91
Net Profit Margin (%) 12.0211.996.984.994.83
Return on Networth / Equity (%) 14.5716.3010.879.809.45
Return on Capital Employeed (%) 15.5619.3116.0912.3412.66
Return On Assets (%) 10.4811.087.126.595.65
Total Debt / Equity (X) 0.050.080.070.020.05
Asset Turnover Ratio (%) 0.910.981.091.311.17
Current Ratio (X) 3.783.252.713.412.02
Quick Ratio (X) 2.472.171.702.041.10
Inventory Turnover Ratio (X) 4.552.752.873.603.56
Interest Coverage Ratio (X) 20.8324.8712.389.079.10
Interest Coverage Ratio (Post Tax) (X) 15.3716.486.945.695.18
Enterprise Value (Cr.) 182.53108.9144.1227.8114.98
EV / Net Operating Revenue (X) 3.402.120.890.500.30
EV / EBITDA (X) 19.5211.016.155.222.87
MarketCap / Net Operating Revenue (X) 3.322.030.800.450.25
Price / BV (X) 4.032.761.260.890.49
Price / Net Operating Revenue (X) 3.322.030.800.450.25
EarningsYield 0.030.050.080.100.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

JSL Industries Ltd. is a Public Limited Listed company incorporated on 13/06/1966 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L31100GJ1966PLC001397 and registration number is 001397. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company's Total Operating Revenue is Rs. 53.63 Cr. and Equity Capital is Rs. 1.17 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralVillage Mogar, Tal, Anand Dist. Gujarat 388340Contact not found
Management
NamePosition Held
Mr. Rahul Nanubhai AminChairman
Mrs. Tejal Rahul AminWhole Time Director
Ms. Pragnya SethIndependent Director
Mr. Pradeep SinhaIndependent Director

FAQ

What is the intrinsic value of JSL Industries Ltd and is it undervalued?

As of 14 April 2026, JSL Industries Ltd's intrinsic value is ₹867.44, which is 8.69% lower than the current market price of ₹950.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.1 %), book value (₹411), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of JSL Industries Ltd?

JSL Industries Ltd is trading at ₹950.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,684 and low of ₹896. The stock is currently near its 52-week low. Market cap stands at ₹112 Cr..

How does JSL Industries Ltd's P/E ratio compare to its industry?

JSL Industries Ltd has a P/E ratio of 58.4, which is below the industry average of 61.18. This is broadly in line with or below the industry average.

Is JSL Industries Ltd financially healthy?

Key indicators for JSL Industries Ltd: ROCE of 17.6 % indicates efficient capital utilization; ROE of 15.1 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is JSL Industries Ltd profitable and how is the profit trend?

JSL Industries Ltd reported a net profit of ₹6 Cr in Mar 2025 on revenue of ₹53 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does JSL Industries Ltd pay dividends?

JSL Industries Ltd has a dividend yield of 0.00 % at the current price of ₹950.00. 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 JSL Industries 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