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Earnings Call

Jash Engineering Earnings Call: Key Takeaways

Jash Engineering FY26 was disappointing due to US tariffs and Middle East conflicts. Growth stalled at 1%, though domestic business provided a resilient hedge with 18% growth, preserving net profit margins near historical levels.

Highlights
Revenue growthStagnant 1% YoY growth due to export headwinds in US and ME.
MarginsPAT margins slightly compressed to 13.38%; boosted by Q4 forex gains.
Order bookRobust ₹899cr order book as of May 1st, supporting FY27 targets.
Demand visibilityStrong domestic water treatment demand; global sea-level projects offer long-term visibility.
Management confidenceCautious but transparent; pivot from aggressive to conservative guidance due to Trump.

Growth

Revenue growth was flat (1%) as exports dropped ₹50-60cr, offset by domestic segment strength and improved forex gains.

Outlook

Conservative FY27 revenue guidance of ₹875cr with 12-13% PAT margins; 5-year target is ₹1500cr revenue.

Risks

US tariff volatility remains the primary external threat; unpredictable Middle East logistics hinder timely export dispatches.

Source

Earnings Call filed with NSE, NSE: JASH. Summary written with AI assistance from the document.

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Jash Engineering Ltd: key numbers

Share price
₹593.85
Market cap
₹3,753 Cr
Revenue (annual)
₹736.2 Cr
Net profit (annual)
₹76.18 Cr
P/E (TTM)
43.6×Sector 19.0×
Promoter holding
43.24%+0.00% QoQ
FII holding
1.54%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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