Jash Engineering Limited (JASH) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Jash Engineering Limited ₹182, price ₹576, upside -68.5%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹75.15 – ₹680.34 · fair‑value band ₹88.23 – ₹262.55 · the ₹576.30 price screens above the ₹181.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
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Jash Engineering Limited manufactures, trades in, and sells various engineering products for general engineering, water and wastewater, power plant, and bulk solids handling industries in India and internationally.
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Jash Engineering Limited manufactures, trades in, and sells various engineering products for general engineering, water and wastewater, power plant, and bulk solids handling industries in India and internationally. The company offers water control gates, such as slide/penstock, open channel, weir, and flap gates, as well as stop logs; heavy fabricated gates, including bulkhead, rollers, crest, butterfly, radial/tainter, bonneted, tilting weir, swing, and mitre gates; and screening equipment comprising manual bar, trash rack with flat bars, trash rack with wire mesh, J-type trash rack, suspended grab trash rake, multi-rake bar, step, pre-scalators, travelling band, drum, and static screens. It also provides jet breaker and screw conveyor wash compactors, and flat belt conveyors; unidirectional values and bidirectional valves; water hammer control devices, such as zero velocity, vacuum breaker air cushion, and energy dissipating valves, as well as air vessels/surge vessels compressor type and bladder type; archimedean crew pumps; and hydro power equipment. In addition, the company offers agitators, clarifiers, clariflocculators, detritors, surface aerotors, and thickeners; disc filters; and bulk solids handling valves, including slide gate, swing gate, double flap, casted square port, and fabricated valves. Its products are used in raw water and sea water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, flood prevention and mitigation schemes, water transmission lines and also for power, steel, cement, paper and pulp, petrochemicals, chemical, and fertilizers and other process plants. The company was founded in 1948 and is headquartered in Indore, India.
Stock analysis
Jash Engineering Limited (JASH) currently trades at ₹576.30, while our model-based Fair Value estimate is ₹181.60, 68.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹297.13 per share, and 0 of the 26 models we run sit above the ₹576.30 price.
Bear case: the Dividend Discount group reads lowest at ₹23.02, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹88.23 (bear) to ₹262.55 (bull), the price of ₹576.30 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jash Engineering Limited reported revenue of ₹7.4B in FY2026 versus ₹3.7B in FY2022, a compound +19.2%/yr. Reported net income was ₹762M in FY2026, compounding +24.0%/yr from FY2022.
Key figures
Market cap ₹36.7B (≈ $383M) · P/E ratio 41.9 · P/S ratio 4.33 · EPS (TTM) ₹13.76 · Dividend yield 0.3% · Net margin 10.3% · Return on equity 15.7% · Return on assets (EBIT) 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −68%, JASH screens richer than that median.
Fair Value models
Bear ₹88.23Fair Value ₹181.60Bull ₹262.55
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹6.13 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.7%
Start year 2021 (pandemic). Over 10 years: +19.9% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.4%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+17.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.5%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.5% vs 6.4%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 11%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Jash Engineering Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 800 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−68.5% · Bottom 25%
Profitability
Return on equity (TTM)15.7% · Top 25%
Return on assets6.3% · Top 25%
Net margin (TTM)11.4% · Top 25%
Operating margin (TTM)1.7% · Below median
Growth and dividend
Revenue growth17.5% · Above median
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)41.9× · Pricier than median
P/B7.07× · Priciest 25%
P/S (TTM)4.84× · Priciest 25%
P/FCF365.9× · Priciest 25%
EV/EBITDA31.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)88· sector 28
PAST (return on equity)63· sector 28
HEALTH (low debt)98· sector 95
DIVIDEND (yield)6· sector 26
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Jash Engineering Limited (JASH) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹181.60 versus a price of ₹576.30, about −68% upside (overvalued).
What is the fair value of JASH?
Our model-based fair value for Jash Engineering Limited is ₹181.60 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹576.30.
What is the quality score of JASH?
Jash Engineering Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Jash Engineering Limited (JASH)?
Our model-based price target is the fair value of ₹181.60 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹88.23, optimistic scenario ₹262.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Jash Engineering Limited stock forecast for 2026?
Our models put fair value at ₹181.60, about −68% upside versus a price of ₹576.30 (overvalued). Cautious scenario ₹88.23, optimistic scenario ₹262.55. The calculation is refreshed regularly with new filings.
What is the revenue of Jash Engineering Limited (JASH)?
Jash Engineering Limited reported trailing-twelve-month revenue of about ₹7.6B (latest available figure, as of Oct 1, 2026).
Does Jash Engineering Limited pay a dividend?
Jash Engineering Limited currently shows a dividend yield of about 0.28% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Jash Engineering Limited (JASH)?
For today's price to be fair in a discounted-cash-flow model, Jash Engineering Limited would have to grow free cash flow by more than 80 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.7 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of JASH use?
Our models discount Jash Engineering Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Jash Engineering Limited that is more than 80 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Jash Engineering Limited (JASH) delivered so far?
Over the past 5 years revenue at Jash Engineering Limited grew +19.7 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Jash Engineering Limited (JASH) growing?
The median revenue growth in the sector is +5.7 % a year. That is the yardstick for the growth priced into Jash Engineering Limited (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jash Engineering Limited (JASH)?
The free-cash-flow yield on the price is 0.27 %: that much free cash flow Jash Engineering Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jash Engineering Limited (JASH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jash Engineering Limited it is ₹181.60 per share (as of Oct 1, 2026), against a price of ₹576.30. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Jash Engineering Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, JASH trades above its calculated fair value: price ₹576.30, fair value ₹181.60, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of JASH?
No. The price is what the market pays today (₹576.30); the fair value is what the company's own numbers justify (₹181.60). For Jash Engineering Limited the two are ₹394.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jash Engineering Limited worth?
The market values Jash Engineering Limited at about ₹36.7B (market capitalisation, as of Oct 1, 2026). Per share that is ₹576.30; our models calculate a fair value of ₹181.60 per share.
What do the bullish and bearish scenarios say about JASH?
Our models span a range for Jash Engineering Limited: cautious scenario ₹88.23, base ₹181.60, optimistic ₹262.55 per share (as of Oct 1, 2026, price ₹576.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JASH?
Jash Engineering Limited trades at a price-to-earnings ratio of 41.9 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹181.60 is built from several models across several years. Other multiples: P/B 7.1, P/S 4.8, EV/EBITDA 31.4.
How solid is the balance sheet of Jash Engineering Limited (JASH)?
Balance-sheet figures for Jash Engineering Limited (as of Oct 1, 2026): return on equity 15.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is JASH from its 52-week high?
Jash Engineering Limited trades at ₹576.30, about 4% below its 52-week high of ₹598.40 and 70% above the low of ₹339.19 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹181.60 is for.
Which stocks are comparable to Jash Engineering Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jash Engineering Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹576.30, calculated fair value ₹181.60 (−68%), Quality Score 42/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of JASH calculated?
We run Jash Engineering Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹181.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Jash Engineering Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jash Engineering Limited (JASH)?
The closing price on Oct 1, 2026 was ₹576.30. Our model-based fair value is ₹181.60, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jash Engineering Limited right now?
The price sits above even our optimistic bull case (₹262.55). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (₹88.23 to ₹262.55). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Jash Engineering Limited (JASH) come from?
Earnings per share at Jash Engineering Limited grew +6.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share −0.6 %, EBIT margin +3.1 %, tax rate +2.4 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jash Engineering Limited
How large is the market capitalisation of Jash Engineering Limited (JASH)?
The market capitalisation of Jash Engineering Limited is ₹36.7B (≈ $383M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jash Engineering Limited (JASH)?
The price-to-sales ratio of Jash Engineering Limited is 4.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jash Engineering Limited (JASH)?
Earnings per share at Jash Engineering Limited are ₹13.76 (price ÷ EPS = P/E 41.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jash Engineering Limited (JASH)?
The dividend yield of Jash Engineering Limited is 0.3% (payout 11.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jash Engineering Limited (JASH)?
The net margin of Jash Engineering Limited is 10.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jash Engineering Limited (JASH)?
The return on equity (ROE) of Jash Engineering Limited is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jash Engineering Limited (JASH)?
On an EBIT basis the return on assets of Jash Engineering Limited is 12.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jash Engineering Limited (JASH)?
The operating margin of Jash Engineering Limited is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jash Engineering Limited (JASH)?
Revenue at Jash Engineering Limited is growing +17.5% versus a year earlier (3y avg +22.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jash Engineering Limited (JASH)?
Earnings per share at Jash Engineering Limited are growing +58.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jash Engineering Limited (JASH) carry?
The net debt of Jash Engineering Limited is ₹90.9M (fiscal year 2026, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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