This Engineering Stock Posts Rs 736 Cr Revenue -Targets Rs 875 Cr Next Amid Global Headwinds

Jash Engineering is trading at 400.95 as of 12.30 PM, down Rs 1.70 (-0.42 per cent) compared to the previous close. It opened at Rs 391.00 and traded in a range of Rs 390.00 to Rs 402.00 during the session.

Revenue Misses Projections but Holds Flat Year-on-Year
Jash Engineering Limited disclosed its unaudited consolidated revenue for FY 2025-26 at approximately Rs 736 Crore, falling short of its own revised projection of Rs 775–800 Crore made in January/February 2026. The company attributed the shortfall primarily to two external factors, such as escalating US import tariffs and the ongoing war in the Middle East, which put all dispatches to the region on hold and disrupted global shipping and container availability.

Despite missing its projection, the Rs 736 Crore revenue represents virtually flat performance compared to the audited consolidated revenue of Rs 735 Crore in FY 2024-25. The company also clarified that this figure excludes orders worth approximately Rs 35 Crore that were dispatched and invoiced in March 2026 but could not be recognised as FY26 revenue due to Incoterms and delivery cut-off conditions as of March 31. This Rs 35 Crore will be counted as Q1 revenue in FY 2026-27.

FY 2026-27 Revenue Target Set at Rs 875 Crore
For FY 2026-27, Jash Engineering is projecting a Consolidated Sales Revenue of Rs 875 Crore, representing approximately 19 per cent growth over FY26 revenue. The company, however, noted that this target is neither optimistic nor conservative, given the ongoing uncertainty around US tariff policy and the Middle East conflict. It acknowledged that the oil price shock may slow down project execution globally and has factored this risk into its growth projections.

March 2026 Order Intake at Rs 57 Crore
In March 2026, Jash received consolidated orders worth Rs 57 Crore; Rs 22 Crore from the Indian market and Rs 35 Crore from international markets. Key contributors to the month's Order Booking included Llyods Metals-Hedri and Khiladi Infra from India, as well as Napa Floodwalls and Woodland Fish Passage from the USA.

Order Book Stands at Rs 827 Crore
As of April 1, 2026, Jash Engineering's total consolidated order book stands at Rs 827 Crore. Of this, Rs 255 Crore are orders from the Indian market and Rs 572 Crore are from markets outside India. The international order book includes Rs 330 Crore from the USA, Rs 20 Crore from Waterfront-UK, Rs 19 Crore from Mahr-Austria, and Rs 203 Crore from the rest of the world. The order book also includes the consolidated order booking of WesTech-India, which was acquired in February 2026.

Additionally, orders worth Rs 40 Crore have been negotiated with clients but formal purchase orders are still awaited, Rs 10 Crore for Indian projects and Rs 30 Crore for international projects.

US Tariff Relief Following Supreme Court Ruling
On the US tariff front, Jash noted a positive development. Following a US Supreme Court ruling, the applicable tariff has come down to approximately 15 per cent, compared to around 50 per cent earlier. The Supreme Court has also directed the administration to refund excess tariffs already charged, and Jash has initiated the process to claim the refund.

Expansion Plans in USA and Saudi Arabia Put on Hold
Given the ongoing uncertainty from the Middle East conflict and the sharp hike in project costs due to tariffs and war-related disruptions, Jash Engineering has decided to defer its planned manufacturing facility investments in both the USA and Saudi Arabia until the situation stabilises.

About Jash Engineering Limited
Jash Engineering Limited is a manufacturer of a wide range of equipment for Water Intake Systems, Water and Wastewater Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, and process plants across Power, Steel, Cement, Paper and Pulp, Petrochemicals, Chemicals, and Fertilizer industries. The company offers an integrated single-stop solution covering Design, Casting, Fabrication, Assembly, and Testing under one roof. Jash is an industry leader in India for most of its product categories and exports to over 45 countries worldwide.

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Disclaimer: The article is for informational purposes only and not investment advice.