stockrowJerash Holdings (US), Inc.
JRSH Consumer Cyclical Apparel Manufacturing
Jerash Holdings (US), Inc.’s revenue for fiscal 2026 (year ended March 2026) was $166.3 million, up 14.0% from fiscal 2025.
- Revenue
- +26.8%
- EPS
- +333.3%
- Free cash flow
- +133.8%
- Total debt
- +72.1%
Quarter to June 2026, against a year earlier
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Jerash Holdings (US), Inc. (JRSH) Altman Z-score
Jerash Holdings (US), Inc.'s Altman Z-score for fiscal 2026 is 4.08, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.08 | (0.14) |
| FY2025 | 4.22 | 0.09 |
| FY2024 | 4.14 | (1.38) |
| FY2023 | 5.52 | (0.96) |
| FY2022 | 6.48 | 0.87 |
| FY2021 | 5.62 | (0.52) |
| FY2020 | 6.14 | (2.95) |
| FY2019 | 9.09 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.41 | — | 0.49 | |
| Retained earnings / total assets | 0.44 | — | 0.62 | |
| EBIT / total assets | 0.07 | — | 0.23 | |
| Market value of equity / total liabilities | 1.47 | — | 0.88 | |
| Sales / total assets | 1.85 | — | 1.85 | |
| Altman Z-score | Safe zone | 4.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.33 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| JL J-Long Group Limited compare | 4.4× |
| JRSH Jerash Holdings (US), Inc. | 4.1× |
| SGC Superior Group of Companies, Inc. compare | 2.7× |
| LAKE Lakeland Industries, Inc. compare | 2.1× |
| OXM Oxford Industries, Inc. compare | 1.8× |
| JXG Aquaron Acquisition Corp. compare | −1.3× |
| PLBY PLBY Group, Inc. compare | −2.6× |
| VNCE Vince Holding Corp. compare | −5.1× |
| PMNT Perfect Moment Ltd. compare | −7.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets