Jash Engineering Ltd
NSE:JASH
Jash Engineering Ltd
Jash Engineering Ltd. engages in the manufacture and trading of engineering products. The company is headquartered in Indore, Madhya Pradesh. The company went IPO on 2017-10-11. The firm's products include water control gates, heavy fabricated gates, screening equipment, screening conveying equipment, knife gate valves, treatment process equipment, sureseal water hammer control devices, disc filters, Archimedean screw pumps, hydro power equipment and bulk solids handling valves. The firm's wholly owned subsidiaries include Shivpad Engineers Pvt. Ltd., Jash USA Inc., Mahr Maschinenbau Ges. mbH and Engineering and Manufacturing Jash Limited.
Jash Engineering Ltd. engages in the manufacture and trading of engineering products. The company is headquartered in Indore, Madhya Pradesh. The company went IPO on 2017-10-11. The firm's products include water control gates, heavy fabricated gates, screening equipment, screening conveying equipment, knife gate valves, treatment process equipment, sureseal water hammer control devices, disc filters, Archimedean screw pumps, hydro power equipment and bulk solids handling valves. The firm's wholly owned subsidiaries include Shivpad Engineers Pvt. Ltd., Jash USA Inc., Mahr Maschinenbau Ges. mbH and Engineering and Manufacturing Jash Limited.
Revenue Growth: Jash Engineering reported only 3% growth in revenue, impacted mainly by U.S. tariff issues.
Margin Pressure: Gross profit margin, EBITDA, and PAT all declined due to tariffs and related costs, but management expects to end the year with a PAT margin of 9%–10%.
Order Book Strength: The order book stands at INR 923 crores as of February 1, a reasonable increase over last year, with a majority outside India.
Guidance Adjusted: Revenue guidance for FY '26 was lowered from INR 860 crores to a range of INR 775–800 crores due to the U.S. export shortfall.
Tariff Uncertainty Eases: The U.S.-India trade deal stabilizes tariffs at 25%, with possible reduction to 18%, allowing the company to resume normal business in the U.S.
Expansion & Acquisitions: Progress continues on acquisitions (Westech closed, Penstocks U.K. near closure), and new facilities are set up in Pithampur and Saudi Arabia.
Positive Outlook: Management expects to return to previous growth and margin levels next year, assuming no further external shocks.
