Jash Engineering Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

The key equity benchmarks traded with signiant losses in early afternoon trade, amid negative global cues, following the breakdown of U.S.-Iran ceasefire negotiations and a spike in crude oil prices, which heightened fears of an extended Middle East conflict. The Nifty traded below the 23,850 mark.

Oil & gas shares tumbled after advancing in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex tanked 850.50 points or 1.10% to 76,699.75. The Nifty 50 index declined 239.80 points or 0.99% to 23,811.35.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index slipped 0.61% and the BSE 250 SmallCap Index fell 0.20%.

The market breadth was weak. On the BSE, 1,792 shares rose and 2,386 shares fell. A total of 197 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 9.77% to 20.69.

In the commodities market, Brent crude for June 2026 settlement rose $6.33 or 6.65% to $101.53 a barrel.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.97% to 20.54. The Nifty 28 April 2026 futures were trading at 23,850, at a premium of 38.65 points as compared with the spot at 23,811.35.

The Nifty option chain for the 28 April 2026 expiry showed a maximum call OI of 44.2 lakh contracts at the 24,000 strike price. A maximum put OI of 50.7 lakh contracts was seen at the 23,000 strike price.

Buzzing Index:

The Nifty Oil& Gas index declined 1.56% to 11,019.05. The index rose 0.91% in the past trading session.

Hindustan Petroleum Corporation (down 3.88%), Reliance Industries (down 2.42%), Aegis Logistics (down 2.18%), Bharat Petroleum Corporation (down 2.12%), Indian Oil Corporation (down 2.09%), Petronet LNG (down 2.07%), Chennai Petroleum Corporation (down 1.88%), Gujarat State Petronet (down 1.27%), Oil & Natural Gas Corpn (down 0.59%) and Castrol India (down 0.18%) declined.

Stocks in Spotlight:

Jash Engineering rose 0.32%. The company announced that it has reported revenue of Rs 736 crore in FY26 remained largely flat compared to the consolidated audited revenue of Rs 735 crore recorded in FY25.

Oriental Rail Infrastructure declined 1.16%. The company said that it has secured an order from Rail Coach Factory (RCF), Kapurthala, under Indian Railways, for the manufacturing, supply, and installation of 25 sets of seats and berths for LHB coaches.

Piramal Pharma rose 0.17%. The company said that the USFDA has issued an establishment inspection report (EIR) for the company?s manufacturing facility located at Kentucky, USA, with VAI (voluntary action indicated). The USFDA conducted a general good manufacturing practices (GMP) inspection of Piramal Pharma?s Lexington (Kentucky, USA) facility from 03 December 2025 to 10 December 2025.At the conclusion of the inspection, the USFDA issued a Form-483, with four observations.

The Rs 736 crore revenue excludes orders worth approximately Rs 35 crore which were dispatched & invoiced in March 26 but are not recognized as revenue for FY 25-26 due to non-compliance with Incoterms / delivery cut-off date of 31st March. This revenue is expected to be recognized in Q1 FY27.

The company has achieved consolidated unaudited revenue of approximately Rs 736 crore in FY26, failing short of its earlier guidance of Rs 775-800 crore projected in January/February 2026. The sharp drop from projected revenue is on account of tarriff issues in USA and the war in Middle East which led to a halt in dispatches to the region and which also affected global shipping and container availability leading to delays in shipment.

In Month of March 2026, the consolidated orders worth Rs 57 crore out of which Rs 22 crore orders are from Indian market and orders worth Rs 35 crore are from markets outside India.

For FY27, the company has set a consolidated sales revenue target of Rs 875 crore representing a growth of approximately 19% over the FY26 revenue. The company said that based on the experience of year 2025-26, wherein it faced revenue and profitability related issues in US operations due to irrational and escalating import tariff imposed by US in Jan 25 and June 25 and also the future uncertainty created due to war unleashed by USA in middle east, It feels that this revenue target of Rs 875 crore is neither optimistic nor conservative. This war and the oil price rise shock may affect economies of many countries and may result into slowdown in execution of projects worldwide and this has been factored into growth projections for FY27.

Jash Engineering manufactures engineering products for wastewater treatment. The company offers products for use in water and wastewater pumping stations and treatment plants, storm water pumping stations, water transmission lines, desalination, power, steel, cement, paper & pulp, petrochemicals, chemicals, fertilisers and other process plants.

The company?s consolidated net profit declined 61.8% to Rs 13.41 crore on 11.2% fall in net sales to Rs 160.50 crore in Q3 FY26 over Q3 FY25.

The counter rose 0.21% to Rs 401.90 on the BSE.

Jash Engineering announced that the Board of Directors of the Company at its meeting held on 30 March 2026, inter alia, have recommended the interim dividend of Rs 0.6 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Jash Engineering will hold a meeting of the Board of Directors of the Company on 30 March 2026.

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