JAYKAY ENTERPRISES LTD. (JAYKAY) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of JAYKAY ENTERPRISES LTD. ₹24.16, price ₹202, upside -88.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
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 ₹15.83 – ₹236.10 · fair‑value band ₹12.02 – ₹39.71 · the ₹201.65 price screens above the ₹24.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Jaykay Enterprises Limited engages in additive manufacturing, prototyping, and 3D printing technology business in India. It operates through two segments: Defence and Aerospace, and Digital Manufacturing and Advance Systems.
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Jaykay Enterprises Limited engages in additive manufacturing, prototyping, and 3D printing technology business in India. It operates through two segments: Defence and Aerospace, and Digital Manufacturing and Advance Systems. The company is also involved in powder metallurgy; large scale digital manufacturing; reverse engineering; plant modelling in the areas defense and aerospace industries; software designing and development; machining and manufacture of precision-turned components; manufacturing of parts and accessories used in defense and aerospace sector; and composite applications, under water mines, and machining for aerospace sector. In addition, it provides technical consultancy services, 3D scanning, and software products for 3D and related activities. The company was formerly known as J.K. Synthetics Ltd. and changed its name to Jaykay Enterprises Limited in October 2010. Jaykay Enterprises Limited was incorporated in 1943 and is based in Kanpur, India.
Stock analysis
JAYKAY ENTERPRISES LTD. (JAYKAY) currently trades at ₹201.65, while our model-based Fair Value estimate is ₹24.16, 88.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹30.63 per share, and 9 of the 24 models we run sit above the ₹201.65 price.
Bear case: the Economic Profit group reads lowest at ₹4.79, and 15 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹12.02 (bear) to ₹39.71 (bull), the price of ₹201.65 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 46/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
JAYKAY ENTERPRISES LTD. reported revenue of ₹2.4B in FY2025 versus ₹107M in FY2021, a compound +117.5%/yr. Reported net income was ₹2.3B in FY2025, compounding +92.3%/yr from FY2021.
Key figures
Market cap ₹30.4B (≈ $316M) · P/E ratio 14.0 · P/S ratio 13.6 · EPS (TTM) ₹14.40 · Net margin 97.0% · Return on equity 7.3% · Return on assets (EBIT) 0.2% · Operating margin 10.1%.
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 15% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −88%, JAYKAY screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹4.79 to ₹730.98). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹12.02Fair Value ₹24.16Bull ₹39.71
Price ₹201.65 · Upside -88.0%
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 2025 figures (about 9 months old). Earnings retained since then (₹10.89 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
+197.2%
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.
+72.2%
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.
+278.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
+109.9%
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’25
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.8%
Dividend (yield on the price)0.0%
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.30.2% vs 44.3%, slowing
Profit margin 2020 to 2025 ⓘ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.−1,633% → 4%
2025 sits 2,234% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (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 JAYKAY ENTERPRISES LTD. 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 Business Services · 232 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−88.0% · Bottom 25%
Profitability
Return on equity (TTM)7.3% · Below median
Return on assets4.7% · Above median
Net margin (TTM)77.7% · Top 25%
Operating margin (TTM)10.1% · Above median
Growth and dividend
Revenue growth−0.8% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (TTM)14.0× · Cheaper than median
P/B4.41× · Priciest 25%
P/S (TTM)10.90× · Priciest 25%
P/FCF490.7× · Priciest 25%
EV/EBITDA61.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)0· sector 31
PAST (return on equity)29· sector 37
HEALTH (low debt)98· sector 92
DIVIDEND (yield)0· sector 52
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 JAYKAY ENTERPRISES LTD. (JAYKAY) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹24.16 versus a price of ₹201.65, about −88% upside (overvalued).
What is the fair value of JAYKAY?
Our model-based fair value for JAYKAY ENTERPRISES LTD. is ₹24.16 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹201.65.
What is the quality score of JAYKAY?
JAYKAY ENTERPRISES LTD. has a Quality Score of 46/100. 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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
Our model-based price target is the fair value of ₹24.16 (as of Oct 1, 2026) from 24 valuation models. Cautious scenario ₹12.02, optimistic scenario ₹39.71. It is a calculation from audited fundamentals, not an analyst target.
What is the JAYKAY ENTERPRISES LTD. stock forecast for 2026?
Our models put fair value at ₹24.16, about −88% upside versus a price of ₹201.65 (overvalued). Cautious scenario ₹12.02, optimistic scenario ₹39.71. The calculation is refreshed regularly with new filings.
What is the revenue of JAYKAY ENTERPRISES LTD. (JAYKAY)?
JAYKAY ENTERPRISES LTD. reported trailing-twelve-month revenue of about ₹2.8B (latest available figure, as of Oct 1, 2026).
What growth is priced into JAYKAY ENTERPRISES LTD. (JAYKAY)?
For today's price to be fair in a discounted-cash-flow model, JAYKAY ENTERPRISES LTD. would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +278.6 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of JAYKAY use?
Our models discount JAYKAY ENTERPRISES LTD. at 12.7 %: a base by market capitalisation (small), damped by beta 0.68, 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 JAYKAY ENTERPRISES LTD. that is more than 80 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has JAYKAY ENTERPRISES LTD. (JAYKAY) delivered so far?
Over the past 5 years revenue at JAYKAY ENTERPRISES LTD. grew +278.6 % 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 JAYKAY ENTERPRISES LTD. (JAYKAY) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into JAYKAY ENTERPRISES LTD. (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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
The free-cash-flow yield on the price is 0.24 %: that much free cash flow JAYKAY ENTERPRISES LTD. produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JAYKAY ENTERPRISES LTD. (JAYKAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JAYKAY ENTERPRISES LTD. it is ₹24.16 per share (as of Oct 1, 2026), against a price of ₹201.65. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is JAYKAY ENTERPRISES LTD. stock overvalued or undervalued in 2026?
As of Oct 1, 2026, JAYKAY trades above its calculated fair value: price ₹201.65, fair value ₹24.16, a gap of about −88% (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 JAYKAY?
No. The price is what the market pays today (₹201.65); the fair value is what the company's own numbers justify (₹24.16). For JAYKAY ENTERPRISES LTD. the two are ₹177.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is JAYKAY ENTERPRISES LTD. worth?
The market values JAYKAY ENTERPRISES LTD. at about ₹30.4B (market capitalisation, as of Oct 1, 2026). Per share that is ₹201.65; our models calculate a fair value of ₹24.16 per share.
What do the bullish and bearish scenarios say about JAYKAY?
Our models span a range for JAYKAY ENTERPRISES LTD.: cautious scenario ₹12.02, base ₹24.16, optimistic ₹39.71 per share (as of Oct 1, 2026, price ₹201.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JAYKAY?
JAYKAY ENTERPRISES LTD. trades at a price-to-earnings ratio of 14.0 (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 ₹24.16 is built from several models across several years. Other multiples: P/B 4.4, P/S 10.9, EV/EBITDA 61.1.
How solid is the balance sheet of JAYKAY ENTERPRISES LTD. (JAYKAY)?
Balance-sheet figures for JAYKAY ENTERPRISES LTD. (as of Oct 1, 2026): return on equity 7.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is JAYKAY from its 52-week high?
JAYKAY ENTERPRISES LTD. trades at ₹201.65, about 15% below its 52-week high of ₹236.10 and 69% above the low of ₹119.35 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹24.16 is for.
Which stocks are comparable to JAYKAY ENTERPRISES LTD.?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 JAYKAY ENTERPRISES LTD. stock attractive at the current price?
The data as of Oct 1, 2026: price ₹201.65, calculated fair value ₹24.16 (−88%), Quality Score 46/100, from 24 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 JAYKAY calculated?
We run JAYKAY ENTERPRISES LTD. through 24 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 ₹24.16, 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 14.9 % above its aggregate fair value. JAYKAY ENTERPRISES LTD. 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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
The closing price on Oct 1, 2026 was ₹201.65. Our model-based fair value is ₹24.16, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JAYKAY ENTERPRISES LTD. right now?
The price sits above even our optimistic bull case (₹39.71). The favourable scenario is already priced in. The model range is unusually wide (₹12.02 to ₹39.71). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of JAYKAY ENTERPRISES LTD.
How large is the market capitalisation of JAYKAY ENTERPRISES LTD. (JAYKAY)?
The market capitalisation of JAYKAY ENTERPRISES LTD. is ₹30.4B (≈ $316M). 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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
The price-to-sales ratio of JAYKAY ENTERPRISES LTD. is 13.6 (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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
Earnings per share at JAYKAY ENTERPRISES LTD. are ₹14.40 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of JAYKAY ENTERPRISES LTD. (JAYKAY)?
The net margin of JAYKAY ENTERPRISES LTD. is 97.0% (fiscal year 2025). 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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
The return on equity (ROE) of JAYKAY ENTERPRISES LTD. is 7.3% (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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
On an EBIT basis the return on assets of JAYKAY ENTERPRISES LTD. is 0.2% (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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
The operating margin of JAYKAY ENTERPRISES LTD. is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JAYKAY ENTERPRISES LTD. (JAYKAY)?
Revenue at JAYKAY ENTERPRISES LTD. is growing −0.8% versus a year earlier (3y avg +72.2%). 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 JAYKAY ENTERPRISES LTD. (JAYKAY)?
Earnings per share at JAYKAY ENTERPRISES LTD. are growing −78.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JAYKAY ENTERPRISES LTD. (JAYKAY) carry?
The net debt of JAYKAY ENTERPRISES LTD. is ₹44.2M (fiscal year 2025, ≈ 0.7 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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