# Jaiprakash Associates share price (Jaiprakash Associates Ltd, NSE: JPASSOCIAT)

> Jaiprakash Associates share price: ₹2.42 at the NSE close on 17 March 2026, the latest close in our records; down 37.6% in the year to that date. Jaiprakash Associates (NSE: JPASSOCIAT) is worth ₹594 crore and has closed between ₹2.42 and ₹4.23 over the past 52 weeks. > Jaiprakash Associates Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. JPASSOCIAT · Construction & Contracting · data as of 17 March 2026. Page: https://www.sectoralpha.in/stocks/jaiprakash-associates-ltd

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## Key numbers

- Price: ₹2.42 (−37.6% in a year)
- Revenue (Dec 2025): ₹726 Cr (−50.9% on a year ago)
- Profit (Dec 2025): −₹693 Cr
- Operating margin: −11.0% (−10.8 points on a year ago)

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the 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. 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. ## What changed at Jaiprakash Associates this quarter? 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. ## What are Jaiprakash Associates' latest quarterly results? 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

| Measure | October to December 2025 | October to December 2024 | Change |
| --- | --- | --- | --- |
| Revenue | ₹726 crore | ₹1,478 crore | −50.9% |
| Profit | loss of ₹693 crore | loss of ₹768 crore | n/a |
| Earnings per share | ₹−2.80 | ₹−3.11 | n/a |
| Operating margin | −11.0% | −0.2% | −10.8 points |

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.)

## What is the Jaiprakash Associates share price history? 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

| When | Close | Change to 17 Mar 2026 |
| --- | --- | --- |
| 1 week ago · 13 Mar 2026 | ₹2.57 | −5.8% |
| 1 month ago · 20 Feb 2026 | ₹3.01 | −19.6% |
| 6 months ago · 15 Sep 2025 | ₹3.24 | −25.3% |
| 1 year ago · 13 Mar 2025 | ₹3.88 | −37.6% |
| 3 years ago · 17 Mar 2023 | ₹8.00 | −69.7% |
| 5 years ago · 19 Mar 2021 | ₹6.90 | −64.9% |
| 10 years ago · 18 Mar 2016 | ₹7.30 | −66.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹7.55 | −67.9% |
| Highest weekly close since March 2016 · 28 Jul 2017 | ₹29.55 | −91.8% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹1.10 | +120.0% |
| 52-week high (weekly close) · 12 Aug 2025 | ₹4.23 | −42.8% |
| 52-week low (weekly close) · 17 Mar 2026 | ₹2.42 | 0.0% |

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.)

## What is the latest news on Jaiprakash Associates? 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. ## What dividend does Jaiprakash Associates pay? 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 5 November 2026.)

## Which stock lists is Jaiprakash Associates on? Jaiprakash Associates is not on any of our India lists this week. ## Is Jaiprakash Associates profitable? 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. ## How much revenue does Jaiprakash Associates make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Jaiprakash Associates keep? 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. 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. ## Is Jaiprakash Associates' profit turning into cash? 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. 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. ## Where does Jaiprakash Associates' cash go? 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. 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. ## What is Jaiprakash Associates' P/E ratio, and how does it compare with its own history? 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. ## Is the Jaiprakash Associates business getting better or worse? 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. 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. ## How much does Jaiprakash Associates earn on its capital? 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). 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. ## Does Jaiprakash Associates have too much debt? 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. 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. ## What is the Jaiprakash Associates shareholding pattern? 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. 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. ## How far is Jaiprakash Associates from balance-sheet trouble? 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. ## How does Jaiprakash Associates rank in its industry? 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. ## Which companies is Jaiprakash Associates compared with? Jaiprakash Associates ranks 12 of 12 Construction & Contracting companies on the 4-Factor Sector Score, with 36.5 out of 100. 1. [Modis Navnirman Ltd](https://www.sectoralpha.in/stocks/modis-navnirman-ltd) MODIS · leader · Most evidence points up · 75% evidence 73.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 70.6% · Profit 71.4% · Operating margin change 6 points · 95% evidence Capital efficiency 19.4/25 · ROCE 25.8% · Operating margin 21% · 76% evidence Valuation 10.2/20 · P/E 21.2× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 35% · Lead over NIFTY 500 16.5% · 1 year 24.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 25.3 + 19.4 + 10.2 + 18.1 = 73 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Garuda Construction and Engineering Ltd](https://www.sectoralpha.in/stocks/garuda-construction-and-engineering-ltd) GARUDA · quiet · Evidence leans up · 79% evidence 63.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.8/35 · Revenue 84.1% · Profit 97.1% · Operating margin change 3 points · 88% evidence Capital efficiency 20.5/25 · ROCE 42.4% · Operating margin 32% · 100% evidence Valuation 11.2/20 · P/E 9.3× · PEG n/a · 15% evidence Relative strength 3.2/20 · Lead over its industry -6.3% · Lead over NIFTY 500 -19.9% · 1 year -37.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 28.8 + 20.5 + 11.2 + 3.2 = 63.7 · What this means: Earnings are strong; relative strength in its sector is -6.3% and the one-year return is -37.3%. 3. [Mahindra Lifespace Developers Ltd](https://www.sectoralpha.in/stocks/mahindra-lifespace-developers-ltd) MAHLIFE · quiet · Evidence leans up · 93% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.3/35 · Revenue 100% · Profit 85.8% · Operating margin change 129 points · 100% evidence Capital efficiency 6.2/25 · ROCE 7.6% · Operating margin -170% · 100% evidence Valuation 12.5/20 · P/E 23.4× · PEG 1.18 · 65% evidence Relative strength 8.6/20 · Lead over its industry 3.9% · Lead over NIFTY 500 -10.9% · 1 year -20.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 30.3 + 6.2 + 12.5 + 8.6 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Man Infraconstruction Ltd](https://www.sectoralpha.in/stocks/man-infraconstruction-ltd) MANINFRA · breaking out · Evidence leans up · 82% evidence 57.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.2/35 · Revenue -9.8% · Profit -26.1% · Operating margin change 5 points · 95% evidence Capital efficiency 15.8/25 · ROCE 13.2% · Operating margin 30% · 76% evidence Valuation 11.5/20 · P/E 19.2× · PEG n/a · 50% evidence Relative strength 17.6/20 · Lead over its industry 15.4% · Lead over NIFTY 500 -1.1% · 1 year -28.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 12.2 + 15.8 + 11.5 + 17.6 = 57.1 · What this means: Relative strength against the index is -1.1%, and revenue and profit growth are weak. 5. [RDB Infrastructure and Power Ltd](https://www.sectoralpha.in/stocks/rdb-infrastructure-and-power-ltd) Evidence leans up · 61% evidence 53.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 18.6% · Profit 100% · Operating margin change 3.7 points · 83% evidence Capital efficiency 10.7/25 · ROCE 7% · Operating margin 7.4% · 95% evidence Valuation 9.5/20 · P/E 23.9× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -54.8% · 1 year -70.3% · 25% evidence · 0 of 7 weeks ahead Exact sum: 26 + 10.7 + 9.5 + 7.5 = 53.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [PSP Projects Ltd](https://www.sectoralpha.in/stocks/psp-projects-ltd) PSPPROJECT · quiet · Evidence leans up · 81% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 44.7% · Profit 100% · Operating margin change 1.2 points · 65% evidence Capital efficiency 11.7/25 · ROCE 7.9% · Operating margin 6% · 100% evidence Valuation 12.9/20 · P/E 37.3× · PEG 0.9 · 65% evidence Relative strength 6.0/20 · Lead over its industry 1.6% · Lead over NIFTY 500 -12.7% · 1 year -25.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 11.7 + 12.9 + 6 = 52.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [NCC Ltd](https://www.sectoralpha.in/stocks/ncc-ltd) NCC · quiet · Evidence leans down · 63% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Revenue -1.8% · Profit -12.1% · Operating margin change 0 points · 83% evidence Capital efficiency 15.8/25 · ROCE 16.8% · Operating margin 9% · 76% evidence Valuation 13.3/20 · P/E 9.9× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -19.6% · 1 year -46.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.6 + 15.8 + 13.3 + 8.8 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [BEML Land Assets Ltd](https://www.sectoralpha.in/stocks/beml-land-assets-ltd) BLAL · turning · Too little evidence to rank firmly · 59% evidence 48.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue n/a · Profit 100% · Operating margin change n/a · 30% evidence Capital efficiency 5.3/25 · ROCE -193% · Operating margin 67.3% · 100% evidence Valuation 8.5/20 · P/E 291× · PEG n/a · 15% evidence Relative strength 15.0/20 · Lead over its industry 7.4% · Lead over NIFTY 500 -8.1% · 1 year -23% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.1 + 5.3 + 8.5 + 15 = 48.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Ashoka Buildcon Ltd](https://www.sectoralpha.in/stocks/ashoka-buildcon-ltd) ASHOKA · basing · Evidence leans down · 71% evidence 43.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.8/35 · Revenue -24.6% · Profit 37.3% · Operating margin change -15 points · 83% evidence Capital efficiency 18.4/25 · ROCE 26.4% · Operating margin 17% · 76% evidence Valuation 11.5/20 · P/E 4× · PEG n/a · 15% evidence Relative strength 3.5/20 · Lead over its industry -10.7% · Lead over NIFTY 500 -24.2% · 1 year -53.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 9.8 + 18.4 + 11.5 + 3.5 = 43.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Vascon Engineers Ltd](https://www.sectoralpha.in/stocks/vascon-engineers-ltd) VASCONEQ · turning · Too little evidence to rank firmly · 56% evidence 36.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.2/35 · Revenue -20.2% · Profit -80% · Operating margin change -2.5 points · 83% evidence Capital efficiency 8.9/25 · ROCE 4.7% · Operating margin 3.3% · 76% evidence Valuation 9.2/20 · P/E 24.2× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -16.8% · 1 year -55.3% · 25% evidence · 1 of 12 weeks ahead Exact sum: 9.2 + 8.9 + 9.2 + 9.1 = 36.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Consolidated Construction Consortium Ltd](https://www.sectoralpha.in/stocks/consolidated-construction-consortium-ltd) CCCL · quiet · Too little evidence to rank firmly · 56% evidence 32.5 out of 100 Growth Capital Valuation Relative
12. Jaiprakash Associates Ltd this page JPASSOCIAT · Too little evidence to rank firmly · 26% evidence 36.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/43.75 · Revenue -50.3% · Profit 49.8% · Operating margin change -10.8 points · 33% evidence Capital efficiency 7.8/31.25 · ROCE -2% · Operating margin -11% · 57% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 16.2 + 7.8 + 12.5 = 36.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/construction-contracting), all 12 compared on one page. ## Which companies are close to Jaiprakash Associates in size? 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

1. [Garuda Construction and Engineering Ltd](https://www.sectoralpha.in/stocks/garuda-construction-and-engineering-ltd) ₹1,264 crore
2. [Modis Navnirman Ltd](https://www.sectoralpha.in/stocks/modis-navnirman-ltd) ₹769 crore
3. [Vascon Engineers Ltd](https://www.sectoralpha.in/stocks/vascon-engineers-ltd) ₹690 crore
4. [BEML Land Assets Ltd](https://www.sectoralpha.in/stocks/beml-land-assets-ltd) ₹667 crore
5. Jaiprakash Associates Ltd ₹594 crore
6. [Consolidated Construction Consortium Ltd](https://www.sectoralpha.in/stocks/consolidated-construction-consortium-ltd) ₹484 crore
7. [RDB Infrastructure and Power Ltd](https://www.sectoralpha.in/stocks/rdb-infrastructure-and-power-ltd) ₹338 crore

[All 12 Construction & Contracting companies, largest first](https://www.sectoralpha.in/sectors/construction-contracting#all-companies)

### Companies close in size in other industries

1. [HP Telecom India Ltd](https://www.sectoralpha.in/stocks/hp-telecom-india-ltd) ₹595 crore · Trading
2. [Aditya Birla Money Ltd](https://www.sectoralpha.in/stocks/aditya-birla-money-ltd) ₹594 crore · Finance - Capital Markets
3. Jaiprakash Associates Ltd ₹594 crore
4. [Uniphos Enterprises Ltd](https://www.sectoralpha.in/stocks/uniphos-enterprises-ltd) ₹594 crore · Trading
5. [Denta Water & Infra Solutions Ltd](https://www.sectoralpha.in/stocks/denta-water-infra-solutions-ltd) ₹592 crore · Construction - Civil/Turnkey

## What else do people ask about Jaiprakash Associates? ### What were Jaiprakash Associates's latest quarterly results? Jaiprakash Associates Ltd reported revenue of ₹726 Cr and a net loss of ₹693 Cr for the Dec 2025 quarter. Earnings per share were −₹2.80. The operating margin was −11.0%, 10.8 percentage points lower than a year earlier (as of 17 March 2026). ### What is Jaiprakash Associates's market cap? Jaiprakash Associates Ltd's market capitalisation is ₹594 Cr at a share price of ₹2.42. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 17 March 2026). ### How is Jaiprakash Associates performing? Jaiprakash Associates Ltd's share price has been falling for 93 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running. This describes what the data did, not a rating (as of 17 March 2026). ### Will Jaiprakash Associates's share price go up? This page does not forecast Jaiprakash Associates Ltd's share price. What it shows instead: the share price is ₹2.42, and it has been falling for 93 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 17 March 2026). ### Who owns Jaiprakash Associates? Promoters own 28.8% of Jaiprakash Associates Ltd, foreign institutions 0.3%, domestic institutions 8.6% and the public 62.4% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.8 percentage points over 8 quarters (as of 17 March 2026). ### What is Jaiprakash Associates's capex? Jaiprakash Associates Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹270 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹1,345 Cr (as of 17 March 2026). ### Where is Jaiprakash Associates in its business cycle? Jaiprakash Associates Ltd's FY25 operating margin was −2.5%, against a 12-year range of −8.0% to 33.0%: the low end of its own range, which is often where recoveries start. The latest quarter was −11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 17 March 2026). ### What could break the Jaiprakash Associates story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 17 March 2026). ### Is Jaiprakash Associates a stock worth studying right now? What the numbers show: Jaiprakash Associates Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 17 March 2026). This is research, not advice. We’re not SEBI-registered.