# Jash Engineering share price today (Jash Engineering Ltd, NSE: JASH)

> Jash Engineering share price today: ₹484.15 at the NSE close on 3 November 2026, down 0.3% in a year. Jash Engineering (NSE: JASH) is worth ₹3,060 crore, trades at a P/E of 35.5 and has closed between ₹339.70 and ₹593.85 over the past 52 weeks. > Jash Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. JASH · Water Treatment · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jash-engineering-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹484.15 (−0.3% in a year)
- P/E: 35.5× (higher than 69% of the last 9 years)
- Revenue (Jun 2026): ₹150 Cr (+17.5% on a year ago)
- Profit (Jun 2026): ₹5.1 Cr
- Operating margin: 5.4% (+8.6 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 14.6%, against a 12.0% cost of capital: +2.6 points

Biggest thing to watch: the P/E is higher than 69% of its own history, so the multiple has already done part of the work. ## What is the Jash Engineering share price today? Jash Engineering Ltd's share price was ₹484.15 at the close on 3 November 2026. It has been rising for 18 weeks. That is 0.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹340 and ₹594, and at that close it sat 57% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 8 weeks in a row. Over the last 9.1 years the share price moved +1,528% while the NIFTY 500 moved +144%, so it is ahead of the index over that whole period. 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 Jash Engineering this quarter? 6 points on a year earlier. 1. Revenue grew again in the June 2026 quarter Revenue was ₹150 crore, +17.5% on a year earlier (₹128 crore), after 2 quarters of decline. Why: The Indian business did more work, helped by strong demand from city and factory water projects. Next results: check if Qatar shipments and the Singapore payment clear so held export orders turn into revenue. From the earnings call on 12 Aug 2026. 2. Operating margin up 8.6 points on a year earlier 5.4% in the June 2026 quarter, from -3.2%. Why: Margins rose because a tariff refund and manufacturing benefits helped. Next results: check whether the margin holds and whether the pending tariff refund is resolved. From the earnings call on 12 Aug 2026. ## What are Jash Engineering's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Jash Engineering reported revenue of ₹150 crore, up 17.5% from ₹128 crore a year earlier, and a profit of ₹5.09 crore, against a loss of ₹5.17 crore a year earlier. ### Jash Engineering results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹150 crore | ₹128 crore | +17.5% |
| Profit | ₹5.09 crore | loss of ₹5.17 crore | n/a |
| Earnings per share | ₹0.77 | ₹−0.81 | n/a |
| Operating margin | 5.4% | −3.2% | +8.6 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Jash Engineering's management discussed these results on a call held on 12 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Jash Engineering share price history? Jash Engineering closed at ₹484.15 on 3 November 2026, down 0.3% from ₹485.45 a year earlier (31 October 2025) and up 379.8% over five years. Its highest weekly close since October 2017 was ₹626.20 on 17 April 2025. ### Jash Engineering share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹494.55 | −2.1% |
| 1 month ago · 1 Oct 2026 | ₹576.30 | −16.0% |
| 6 months ago · 30 Apr 2026 | ₹418.75 | +15.6% |
| 1 year ago · 31 Oct 2025 | ₹485.45 | −0.3% |
| 3 years ago · 3 Nov 2023 | ₹280.88 | +72.4% |
| 5 years ago · 4 Nov 2021 | ₹100.91 | +379.8% |
| Earliest weekly close in our records · 13 Oct 2017 | ₹29.74 | +1,527.9% |
| Highest weekly close since October 2017 · 17 Apr 2025 | ₹626.20 | −22.7% |
| Lowest weekly close since October 2017 · 21 Feb 2019 | ₹15.60 | +3,003.5% |
| 52-week high (weekly close) · 25 Sep 2026 | ₹593.85 | −18.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹339.70 | +42.5% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (480 weekly closes from 13 October 2017 to 3 November 2026.)

## What is the latest news on Jash Engineering? 3 Nov 2026: Jash Engineering closed at ₹484.15, down 2.1% on the week and down 16.0% on the month. 16 Sep 2026: ex-date for a dividend of ₹1 a share. ### Earlier

- 12 Aug 2026: Jash Engineering held its results call for April to June 2026. Management guided: FY27 consolidated revenue ₹875 crore: ₹320 crore India and ₹555 crore outside India. - Results for April to June 2026: Revenue up 17.5% on a year earlier. - 10 Apr 2026: ex-date for an interim dividend of ₹0.60 a share. - 30 Oct 2024: Share split: face value cut from ₹10 to ₹2 a share (ex-date). ## What dividend does Jash Engineering pay? Jash Engineering paid ₹1.60 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.33% at the ₹484.15 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 16 September 2026. ### Jash Engineering dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 16 Sep 2026 | ₹1 | Dividend | same day |
| 10 Apr 2026 | ₹0.60 | Interim | same day |
| 8 Sep 2025 | ₹1.20 | Dividend | 9 Sep 2025 |
| 10 Mar 2025 | ₹0.80 | Interim | same day |
| 19 Sep 2024 | ₹7.20 | Dividend | n/a |
| 22 Sep 2023 | ₹6 | Dividend + Special | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Jash Engineering Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Jash Engineering management say on the latest results call? On the call for April to June 2026, held on 12 August 2026, Jash Engineering's management guided: FY27 consolidated revenue ₹875 crore: ₹320 crore India and ₹555 crore outside India. > “Money is not a constraint for me; the team is the constraint.”
> Pratik Patel, on the call for April to June 2026

### What management guided

- FY27 profit ₹100-105 crore; 13-14% margin considered possible if geopolitical conditions remain manageable. - Rodney Hunt FY27 revenue in excess of 35-36 million dollars with profitability. - Waterfront FY27 revenue above 5 million with significant profit. - FY28 consolidated revenue around ₹1,000 crore; longer-term revenue goal ₹1,500 crore by 2031. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/7223/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 12 August 2026.)

## What to watch in Jash Engineering's next results? When Jash Engineering reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Negotiated and held export orders convert into revenue - check formal purchase orders, Qatar dispatches and Singapore payment resolution. - What to check (from the call)
- Negotiated and held export orders convert into revenue - check formal purchase orders, Qatar dispatches and Singapore payment resolution. - Rodney Hunt profitability and US order finalization - check recovery as tariff uncertainty shapes bidding. - Jash Process Equipment order intake and margins - check whether the operating reset reverses recent losses. - Follow-on data-centre vessel orders arrive - check sustained demand before capacity expansion displaces existing work. ## Which stock lists is Jash Engineering on? Jash Engineering is not on any of our India lists this week. ## Is Jash Engineering profitable? Jash Engineering Ltd earned ₹5.1 Cr of net profit in the Jun 2026 quarter. Full-year FY26 profit was ₹76.0 Cr. Over 10 years profit has grown 26.9% a year on average. That is 3.4% of the quarter's revenue. The same quarter a year earlier lost ₹5.2 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹76.0 Cr (−12.6% on the year before). On average over the last four quarters, profit changed −12.0% and revenue +4.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Jash Engineering make, and is it growing? Jash Engineering Ltd reported ₹150 Cr of revenue in the Jun 2026 quarter, +17.5% on the same quarter a year earlier. Over 10 years it has grown 19.9% a year on average. The last full year, FY26, came in at ₹736 Cr. The last four reported quarters add to ₹758 Cr. FY26 revenue was ₹736 Cr, +0.1% on the year before. Recent pace: the last four quarters grew +4.0% on average, against 19.9% 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 +1.4%, against +15.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +5.2%, against +10.5% a year (rolling over). ## How much of every ₹100 of sales does Jash Engineering keep? Jash Engineering Ltd's operating margin was 5.4% in the Jun 2026 quarter, 8.6 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.0% and 19.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +8.6 percentage points on the year while gross margin changed +9.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Jash Engineering's profit turning into cash? Over the last 3 years, 73% of Jash Engineering Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹56.0 Cr of operating cash against ₹76.0 Cr of profit. After ₹64.0 Cr of spending on assets, free cash was −₹8.0 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. Why 73% of profit came in as cash: the cash cycle got 61 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 61 days longer. The next section looks at where the cash is stuck. ## Where does Jash Engineering's cash go? Jash Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 251 days in FY26, up from 190 days in FY21. It spent ₹163 Cr on assets over the last 3 years. Customers take 149 days to pay, and stock sits for 219 days on average. At FY26 sales of ₹736 Cr, each day of that cycle ties up about ₹2.0 Cr, so roughly ₹506 Cr is tied up in the business at any time. FY26: customers took 149 days to pay and stock sat for 219 days, about 7.2 months of sales sitting as stock, for a full cycle of 251 days, longer than FY21's 190. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 219 days. Customers pay about 149 days after that. Suppliers are paid at 117 days. Together that makes the 251-day cycle. Spending on assets: ₹163 Cr over the last 3 years, against ₹48.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹23.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Jash Engineering's P/E ratio, and how does it compare with its own history? Jash Engineering Ltd's P/E is 35.5×, in the middle of its own history: higher than 69% of past readings. Its usual P/E (the middle reading) is 26.2×, over 9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −13.7% while the price moved −0.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +36.8% a year; about +20.7% a year came from earnings growth and about +16.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Jash Engineering business getting better or worse? Jash Engineering Ltd's business is turning around. Profit growth has swung from −13.0% at its low to +5.2%, rising from a low 1 quarters ago, with ROCE steady at 22.0%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Jash Engineering earn on its capital? Jash Engineering Ltd earned a ROCE of 18% in FY26. That is up from a low of 4% in FY18. Its return on capital used (ROIC) is 2.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.3% net margin and 0.84× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.3% net margin × 0.84× asset turnover × 1.69× leverage (assets divided by equity) ≈ 14.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 14.6% − 12.0% = +2.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Jash Engineering have too much debt? Jash Engineering Ltd has total debt of ₹103 Cr against shareholder equity of ₹525 Cr as of Jun 2026, so its debt is 0.20× its equity, which is very little. Year by year, that ratio went from 0.44 in FY22 to 0.20 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Jash Engineering shareholding pattern? Domestic institutions raised their stake in Jash Engineering Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.9% of the company. Promoters moved −0.4 points over the same period, to 43.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.3 points over 8 quarters, to 1.9%; Promoters: −0.4 points over 8 quarters, to 43.2%; Foreign institutions: +0.2 points over 8 quarters, to 1.8%. Why the owners changed: domestic institutions drove it (+1.3 points). They raised their stake step by step. ## How far is Jash Engineering from balance-sheet trouble? For Jash Engineering 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 Jash Engineering rank in its industry? 45.2 out of 100, rank 3 of 4 in Water Treatment, with 88% of the evidence available. Jash Engineering Ltd scores 45.2 out of 100 against the 4 companies it is compared with in Water Treatment, ranking 3. Relative strength against the index is 12.1%, and revenue and profit growth are weak. The four parts add up to the total exactly: 13.8 + 12.8 + 3.7 + 14.9 = 45.2. 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 Jash Engineering compared with? Jash Engineering ranks 3 of 4 Water Treatment companies on the 4-Factor Sector Score, with 45.2 out of 100. 1. [Va Tech Wabag Ltd](https://www.sectoralpha.in/stocks/va-tech-wabag-ltd) WABAG · quiet · Most evidence points up · 97% evidence 67.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.1/35 · Revenue 20.4% · Profit 28.8% · Operating margin change -4 points · 100% evidence Capital efficiency 19.1/25 · ROCE 21.3% · Operating margin 9% · 100% evidence Valuation 10.4/20 · P/E 28.4× · PEG 1.33 · 85% evidence Relative strength 14.0/20 · Lead over its industry 7.1% · Lead over NIFTY 500 19.3% · 1 year 27.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 24.1 + 19.1 + 10.4 + 14 = 67.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Welspun Enterprises Ltd](https://www.sectoralpha.in/stocks/welspun-enterprises-ltd) WELENT · leader · Evidence leans down · 79% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.4/35 · Revenue -1.8% · Profit 0.9% · Operating margin change -2 points · 95% evidence Capital efficiency 17.4/25 · ROCE 16.7% · Operating margin 19% · 76% evidence Valuation 7.1/20 · P/E 24.2× · PEG n/a · 35% evidence Relative strength 18.4/20 · Lead over its industry 3.2% · Lead over NIFTY 500 15.8% · 1 year 10.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 6.4 + 17.4 + 7.1 + 18.4 = 49.3 · What this means: Relative strength against the index is 15.8%, and revenue and profit growth are weak. 3. Jash Engineering Ltd this page JASH · losing its lead · Evidence leans down · 88% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 1.4% · Profit 5.2% · Operating margin change 8.6 points · 74% evidence Capital efficiency 12.8/25 · ROCE 17.7% · Operating margin 5.4% · 100% evidence Valuation 3.7/20 · P/E 35.4× · PEG 2.84 · 85% evidence Relative strength 14.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 12.1% · 1 year -0.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 13.8 + 12.8 + 3.7 + 14.9 = 45.2 · What this means: Relative strength against the index is 12.1%, and revenue and profit growth are weak. 4. [Ion Exchange (India) Ltd](https://www.sectoralpha.in/stocks/ion-exchange-indialtd) IONEXCHANG · quiet · Most evidence points down · 97% evidence 17.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.5/35 · Revenue 10.2% · Profit -53.8% · Operating margin change -6.2 points · 100% evidence Capital efficiency 9.3/25 · ROCE 14.2% · Operating margin 4.5% · 100% evidence Valuation 1.6/20 · P/E 45.1× · PEG 6.32 · 85% evidence Relative strength 0.0/20 · Lead over its industry -18% · Lead over NIFTY 500 -6.5% · 1 year -15.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 6.5 + 9.3 + 1.6 + 0 = 17.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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 Jun 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: [Water Treatment](https://www.sectoralpha.in/sectors/water-treatment), all 4 compared on one page. ## Which companies are close to Jash Engineering in size? Jash Engineering is the 4th largest of 4 Water Treatment companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Va Tech Wabag, Welspun Enterprises and Ion Exchange (India). It is the smallest. ### Water Treatment companies close in size

1. [Va Tech Wabag Ltd](https://www.sectoralpha.in/stocks/va-tech-wabag-ltd) ₹11,330 crore
2. [Welspun Enterprises Ltd](https://www.sectoralpha.in/stocks/welspun-enterprises-ltd) ₹8,569 crore
3. [Ion Exchange (India) Ltd](https://www.sectoralpha.in/stocks/ion-exchange-indialtd) ₹4,963 crore
4. Jash Engineering Ltd ₹3,053 crore

[All 4 Water Treatment companies, largest first](https://www.sectoralpha.in/sectors/water-treatment#all-companies)

### Companies close in size in other industries

1. [J Kumar Infraprojects Ltd](https://www.sectoralpha.in/stocks/j-kumar-infraprojects-ltd) ₹3,069 crore · EPC
2. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) ₹3,059 crore · Textiles - Spinning
3. Jash Engineering Ltd ₹3,053 crore
4. [JTEKT India Ltd](https://www.sectoralpha.in/stocks/jtekt-india-ltd) ₹3,042 crore · Auto Ancillaries - Gears
5. [Pondy Oxides & Chemicals Ltd](https://www.sectoralpha.in/stocks/pondy-oxides-chemicals-ltd) ₹3,033 crore · Recycling

## What else do people ask about Jash Engineering? ### What is Jash Engineering's share price today? Jash Engineering Ltd's share price is ₹484.15, −0.3% over the past year. The whole company is worth ₹3,060 Cr on the market. In the last 52 weeks it traded between ₹340 to ₹594; today it is 57% of the way up from the low, 0.6% below its 200-day average (as of 3 November 2026). ### What were Jash Engineering's latest quarterly results? Jash Engineering Ltd reported revenue of ₹150 Cr and net profit of ₹5.1 Cr for the Jun 2026 quarter. Earnings per share were ₹0.77. The operating margin was 5.4%, 8.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Jash Engineering's market cap? Jash Engineering Ltd's market capitalisation is ₹3,060 Cr at a share price of ₹484.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Jash Engineering performing? Jash Engineering Ltd's share price has been rising for 18 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 8 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Jash Engineering's share price go up? This page does not forecast Jash Engineering Ltd's share price. What it shows instead: the share price is ₹484.15, and it has been rising for 18 weeks. Its P/E of 35.5× is higher than 69% of its own last 9 years (as of 3 November 2026). ### Who owns Jash Engineering? Promoters own 43.2% of Jash Engineering Ltd, foreign institutions 1.8%, domestic institutions 1.9% and the public 53.1% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Jash Engineering have too much debt? No, Jash Engineering Ltd has little debt: its debt is 0.20× its equity, and its operating profit is 8 times its interest bill. FY26 borrowings were ₹103 Cr against equity of ₹519 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Jash Engineering in its business cycle? Jash Engineering Ltd's FY26 operating margin was 14.0%, against a 13-year range of 5.0% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 5.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Jash Engineering story? Biggest thing to watch: the P/E is higher than 69% of its own history, so the multiple has already done part of the work. 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 3 November 2026). ### Is Jash Engineering a stock worth studying right now? What the numbers show: Jash Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Jash Engineering share price forecast for 2026? What management itself guided: FY27 consolidated revenue ₹875 crore: ₹320 crore India and ₹555 crore outside India. This is research, not advice. We’re not SEBI-registered.