Jaiprakash Associates share price

Jaiprakash Associates Ltd's share price was ₹2.42 at the close on 17 March 2026. It has been falling for 93 weeks. That is 56.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2 and ₹4, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Jaiprakash Associates Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 10 years the share price moved −68% while the NIFTY 500 moved +244%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 20 February 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

3 points in one quarter.

1. Operating margin down 10.8 points on a year earlier

   -11% in the December 2025 quarter, from -0.2%.

2. Revenue down on a year earlier for 6 quarters in a row

   In the December 2025 quarter revenue was ₹726 crore, -50.9% on a year earlier.

3. Promoters cut their stake by 1.3 points in one quarter

   From 30.1% to 28.8% in the March 2026 quarter.

For October to December 2025 (the quarter ended 31 December 2025), Jaiprakash Associates reported revenue of ₹726 crore, down 50.9% from ₹1,478 crore a year earlier, and a loss of ₹693 crore.

Jaiprakash Associates results: October to December 2025 against a year earlier

The next results, for January to March 2026, are due by 30 May 2026: listed companies must publish quarterly results within 60 days of the quarter's end (the January to March quarter comes with the full-year accounts).

From the company's reported quarterly results (quarter ended 31 December 2025). Revenue and profit in ₹ crore.

Jaiprakash Associates closed at ₹2.42 on 17 March 2026, down 37.6% from ₹3.88 a year earlier (13 March 2025) and down 64.9% over five years. Its highest weekly close since March 2016 was ₹29.55 on 28 July 2017.

Jaiprakash Associates share price: then and now

Weekly closing prices. Each change is the move from that price to the 17 Mar 2026 close. A day's intraday high or low can go beyond these weekly closes.

524 weekly closes from 11 March 2016 to 17 March 2026.

17 Mar 2026: Jaiprakash Associates closed at ₹2.42, down 5.8% on the week and down 19.6% on the month. Results for October to December 2025: Revenue down 50.9% on a year earlier.

Jaiprakash Associates has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Jaiprakash Associates Ltd paid out 0% of its profit as dividends in each of its last 12 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

Jaiprakash Associates is not on any of our India lists this week.

Jaiprakash Associates Ltd posted a net loss of ₹693 Cr in the Dec 2025 quarter. The full FY25 year was a loss of ₹2,823 Cr. That loss is 95.5% of the quarter's revenue. The same quarter a year earlier lost ₹768 Cr. 11 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Jaiprakash Associates Ltd reported ₹726 Cr of revenue in the Dec 2025 quarter, −50.9% on the same quarter a year earlier. Over 10 years it has grown −11.5% a year on average. The last full year, FY25, came in at ₹5,796 Cr. The last four reported quarters add to ₹3,220 Cr.

Revenue is everything the company billed its customers in the period.

FY25 revenue was ₹5,796 Cr, −18.8% on the year before.

Recent pace: the last four quarters grew −50.6% on average, against −11.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −50.3%, against −31.6% a year over the last 8 quarters (rolling over).

Jaiprakash Associates Ltd's operating margin was −11.0% in the Dec 2025 quarter, 10.8 percentage points lower than the same quarter a year ago. Across 12 years it has been between −8.0% and 33.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −10.9 percentage points on the year while gross margin changed +12.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Jaiprakash Associates Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in ₹558 Cr of operating cash against −₹2,823 Cr of profit. After ₹2,930 Cr of spending on assets, free cash was −₹2,372 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Jaiprakash Associates Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹5,796 Cr in FY25), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹270 Cr.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Over the last 3 years, money from selling assets was ₹270 Cr more than it spent on new ones. Work still in progress is ₹305 Cr (FY25).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Jaiprakash Associates Ltd has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Jaiprakash Associates Ltd at 0.1× its FY25 revenue of ₹5,796 Cr. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Jaiprakash Associates Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Jaiprakash Associates Ltd earned a ROCE of −2% in FY25. That is up from a low of −4% in FY19. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −48.7% net margin and 0.17× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY25): a −48.7% net margin × 0.17× asset turnover × −6.50× leverage (assets divided by equity) ≈ 53.8% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 17% on reported income across 12 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Jaiprakash Associates Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Its operating profit is 0 times its interest bill. Over 5 years borrowings went from ₹19,692 Cr to ₹18,497 Cr. Over the last 3 of those years it sold more assets than it bought, by ₹270 Cr.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

FY25: borrowings of ₹18,497 Cr against equity of −₹5,320 Cr. Net worth is negative: the company owes more than it owns, so the balance sheet is under water. The spending on assets is being paid for from cash, not new debt.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 17% on reported income across 12 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Foreign institutions cut their stake in Jaiprakash Associates Ltd by 1.8 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 0.3% of the company. Promoters moved −1.2 points over the same period, to 28.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −1.8 points over 8 quarters, to 0.3%; Promoters: −1.2 points over 8 quarters, to 28.8%; Domestic institutions: −0.6 points over 8 quarters, to 8.6%.

Why the owners changed: foreign institutions drove it (−1.8 points), together with promoters (−1.2 points). They reduced their stake.

For Jaiprakash Associates Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

36.5 out of 100, rank 12 of 12 in Construction & Contracting, with 26% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Jaiprakash Associates Ltd scores 36.5 out of 100 against the 12 companies it is compared with in Construction & Contracting, ranking 12. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 16.2 + 7.8 + 12.5 = 36.5 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Jaiprakash Associates ranks 12 of 12 Construction & Contracting companies on the 4-Factor Sector Score, with 36.5 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Construction & Contracting, all 12 compared on one page.

Jaiprakash Associates is the 10th largest of 12 Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Garuda Construction and Engineering, Modis Navnirman, Vascon Engineers and BEML Land Assets. Just below it: Consolidated Construction Consortium and RDB Infrastructure and Power.

Construction & Contracting companies close in size

6. Garuda Construction and Engineering Ltd ₹1,264 crore
7. Modis Navnirman Ltd ₹844 crore
8. Vascon Engineers Ltd ₹690 crore
9. BEML Land Assets Ltd ₹667 crore
10. Jaiprakash Associates Ltd ₹594 crore
11. Consolidated Construction Consortium Ltd ₹514 crore
12. RDB Infrastructure and Power Ltd ₹338 crore

All 12 Construction & Contracting companies, largest first

Companies close in size in other industries

1923. HP Telecom India Ltd ₹595 crore · Trading
1924. Aditya Birla Money Ltd ₹594 crore · Finance - Capital Markets
1925. Jaiprakash Associates Ltd ₹594 crore
1926. Denta Water & Infra Solutions Ltd ₹592 crore · Construction - Civil/Turnkey
1927. Orissa Sponge Iron & Steel Ltd ₹592 crore

Sector Alpha, written by code from the published numbers. Data as of 17 March 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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