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Jerash 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

5.87 0.06 +1.03%
Market cap
$74.6M
P/E
15.4×
Fwd P/E
14.7×
Dividend yield
3.41%
F-score
5/9
Altman Z
4.08
Beneish M
−1.75
Dividend safety
44/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 49.92%

Capital & Financial Ratios $m

Size
Market Cap 74.55
Revenue ttm 176.86
Net income ttm 4.99
Free cash flow ttm 6.66
Net debt Q (4.20)
Valuation
P/E 15.45
Forward P/E 14.70
Price / sales 0.42
Forward P/S Powerpack
Price / FCF 11.20
Price / book 1.13
Financial health
Current ratio Q 3.11 (at or above 1.5: strong)
Debt / equity Q 0.12 (at or below 0.5: strong)
Interest coverage Q 4.79
Growth
Revenue growth Q +26.75% (above 0%: growing)
Operating income growth Q +174.38% (above 0%: growing)
EPS, this year +50.00% (at or above 15%: strong)
EPS, next year A +24.69% (at or above 15%: strong)
Revenue, next year A +14.04% (at or above 10%: strong)
EPS, past 5 yrs −6.11% (below 0%: weak)
EPS, next 5 yrs A +33.33% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 0.3×; over the ten years it ranged from 0.1× in 2023 to 1.0× in 2018.
P/E against its own 10 years 63.01%
10-year low 10-year high
P/S against its own 10 years 48.01%
10-year low 10-year high
P/B against its own 10 years 62.88%
10-year low 10-year high
EV/Sales against its own 10 years 62.37%
10-year low 10-year high
EV/FCF against its own 10 years 69.23%
10-year low 10-year high

Dividends

Yield
3.41%
Annual rate
0.20
Payout ratio
52.6%
Growth, 2018–25
+21.9%/yr
  1. 0.05 ’18
  2. 0.20 ’19 +300
  3. 0.20 ’20 +0
  4. 0.20 ’21 +0
  5. 0.20 ’22 +0
  6. 0.20 ’23 +0
  7. 0.20 ’24 +0
  8. 0.20 ’25 +0
  9. 0.20 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 12 13 11 12
Receivables 5 3 6 6
Inventory 27 28 30 27
Other 3 7 9 8
51 54 58 56
2024 2025 2026 Q'26
Payables 6 7 7 3
ST’ Debt — 5 5 6
Other — 0 — —
15 20 22 18

Compound Annual Growth %

10y 5y 3y
Sales 12.21% 13.01% 6.39%
Cash Flow 0.75% 0.00% (38.66%)
Earnings (8.99%) (3.14%) 13.50%
Book Value 14.78% 2.85% (1.65%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY21 Estimate −0.01 Actual 0.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY20 0.30 0.31 Beat by 0.01
Q3 FY20 0.08 0.18 Beat by 0.10
Q4 FY20 0.08 −0.06 Miss by 0.14
Q1 FY21 −0.01 0.07 Beat by 0.08

EPS $

Jun Sep Dec Mar Year
’26 0.13 — — — —
’26 0.03 0.04 0.09 0.12 0.27
’25 (0.11) 0.05 0.00 (0.01) (0.07)
’24 0.04 0.03 0.02 (0.25) (0.16)
’23 0.14 0.14 0.07 (0.16) 0.19
’22 0.17 0.39 0.13 (0.01) 0.67
’21 0.07 0.23 0.01 0.06 0.37
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 50 — — — —
’26 40 42 42 43 166
’25 41 40 35 29 146
’24 35 33 28 22 117
’23 33 38 43 24 138
’22 30 46 37 31 143
’21 19 27 21 24 90
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 3 — — — —
’26 (6) 7 (4) 6 2
’25 (2) 5 (3) 2 1
’24 0 8 0 (5) 2
’23 0 10 0 1 11
’22 (11) 22 4 (6) 9
’21 (8) 9 2 (5) (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 2 — — — —
’26 (7) 6 (4) 2 (3)
’25 (2) 4 (3) 1 (1)
’24 (1) 6 (1) (6) (2)
’23 (2) 9 (1) (1) 5
’22 (12) 21 4 (8) 4
’21 (8) 9 2 (6) (2)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 62 69 85 93 90 143 138 117 146 166 177 +11.6% 190 204 227 +10.9%
Gross margin, % 24.83 25.91 22.09 19.33 17.74 19.07 15.78 14.42 15.31 16.11 16.37 (8.7) pt
EBT 11 12 6 8 5 10 4 (1) 0 5 6 (8.6%)
EBT margin, % 17.16 17.03 7.50 8.22 6.09 7.29 2.96 (1.17) 0.10 2.86 3.49 (14.3) pt
Net income 11 10 5 6 4 8 2 (2) (1) 4 5 (11.3%)
Per share, $
Per share, $ Revenue 7.06 7.12 7.59 8.21 7.97 12.13 10.93 9.53 11.83 13.09 13.93 +7.1%
Earnings 1.21 1.05 0.46 0.57 0.37 0.67 0.19 (0.16) (0.07) 0.28 0.38 (15.0%)
Cash flow 0.87 0.53 0.87 0.61 (0.13) 0.76 0.86 0.20 0.11 0.20 0.91 (15.3%)
Capex (0.06) (0.09) (0.07) (0.41) (0.08) (0.43) (0.46) (0.39) (0.17) (0.40) (0.38) +24.6%
Free cash flow 0.82 0.44 0.80 0.20 (0.21) 0.33 0.40 (0.19) (0.05) (0.21) 0.52 n/m
Book value 2.51 3.50 4.49 4.83 4.98 5.86 5.40 5.24 5.10 5.11 5.21 +8.2%
Shares, m 9 10 11 11 11 12 13 12 12 13 13 +4.2%
Valuation, ×
Valuation, × P/E 8.04 8.04 16.58 8.93 17.03 9.30 24.74 0.00 0.00 10.32 15.45 10.3
P/S 1.21 1.21 0.98 0.62 0.79 0.53 0.43 0.32 0.29 0.22 0.42 0.7
P/B 2.46 2.46 1.66 1.05 1.27 1.10 0.87 0.59 0.67 0.57 1.13 1.3
EV/Sales 1.10 1.10 0.67 0.35 0.57 0.36 0.31 0.22 0.23 0.20 0.40 0.5
EV/FCF 17.74 17.74 6.35 14.39 (21.37) 13.26 8.47 (11.04) (49.31) (12.78) 10.57 (1.7)
Cash, $m
Cash, $m Operating cash flow 8 5 10 7 (1) 9 11 2 1 2 12 (11.7%)
Capex 0 (1) (1) (5) (1) (5) (6) (5) (2) (5) (5) +29.8%
Free cash flow 7 4 9 2 (2) 4 5 (2) (1) (3) 7 n/m
Balance, $m
Balance, $m Working capital 18 29 48 48 50 56 43 36 35 37 38 +8.0%
Net debt (4) (8) (27) (25) (20) (24) (17) (12) (9) (3) (4) (2.0%)
Shareholders’ equity 22 34 50 55 56 69 68 64 63 65 66 +12.8%
Returns, %
Returns, % ROA 36.30 26.98 9.97 10.21 5.90 9.99 2.86 (2.45) (1.04) 4.09 5.79 (32.2) pt
ROIC 36.41 27.98 16.72 16.37 9.33 14.49 5.39 (0.80) 1.67 6.39 8.07 (30.0) pt
ROE 55.73 37.13 12.13 12.32 7.47 12.60 3.52 (3.02) (1.33) 5.54 7.60 (50.2) pt
People
People Employees 2,700 2,700 3,000 4,100 4,350 5,600 5,500 5,600 6,000 6,300 — +9.9%
Revenue/emp, $m 0.02 0.03 0.03 0.02 0.02 0.03 0.03 0.02 0.02 0.03 — +1.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Jerash Holdings (US), Inc. vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OXM Oxford Industries, Inc. $455.0M — (loss-making) 14.6× −2.17% (below 0%: shrinking) +192.86% (above 0%: growing) +54.13% (above 0%: growing) 73.82% 17.45% Compare
SGC Superior Group of Companies, Inc. $212.2M 23.4× 21.4× +2.63% (above 0%: growing) −20.00% (below 0%: shrinking) +110.90% (above 0%: growing) 37.96% 1.48% Compare
VNCE Vince Holding Corp. $163.4M 21.5× 8.9× +11.67% (above 0%: growing) −11.83% (below 0%: shrinking) +729.87% (above 0%: growing) 60.93% 16.57% Compare
PLBY PLBY Group, Inc. $148.6M 63.9× — (loss-making) +8.53% (above 0%: growing) +293.33% (above 0%: growing) −90.36% (below 0%: shrinking) 77.23% 12.72% Compare
JXG Aquaron Acquisition Corp. $111.9M — (loss-making) — +69.42% (above 0%: growing) n/m −181,420.00% (below 0%: shrinking) 15.04% 0.00% Compare
LAKE Lakeland Industries, Inc. $88.8M — (loss-making) — (loss-making) −4.49% (below 0%: shrinking) n/m +92.21% (above 0%: growing) 36.98% (6.67%) Compare
JRSH Jerash Holdings (US), Inc. $74.6M 15.4× 14.7× +26.75% (above 0%: growing) +333.33% (above 0%: growing) +133.83% (above 0%: growing) 16.45% 5.24%
JL J-Long Group Limited $14.3M — — — — — — — Compare
PMNT Perfect Moment Ltd. $11.2M — (loss-making) — (loss-making) −21.88% (below 0%: shrinking) n/m +14.90% (above 0%: growing) 54.52% (283.48%) Compare
Median of peers $130.2M 23.4× 14.6× +2.63% +90.52% +54.13% 54.52% 1.48%

All 23 Apparel Manufacturing stocks →

Pay and ownership Proxy statement filed 28 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 495.00k 694.47k 90.88
2025 495.00k 1.14m 117.65
2024 1.46m 596.55k 69.36
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Jerash Holdings (US), Inc. (JRSH) Latest News

10 Aug

Impact 4 · transcript

15 Jun

Impact 4 · transcript

9 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · ACCESS Newswire

5 Feb

Impact 4 · · ACCESS Newswire

12 Nov

Impact 4 · · GuruFocus.comAssociated Press FinanceGuruFocus.com
Impact 4 · · ACCESS Newswire
Impact 4 · · ACCESSWIRE

13 Aug

Impact 4 · · GuruFocus.com

12 Aug

Impact 4 ·

24 Jun

Impact 4 ·

23 Jun

Impact 4 ·
Impact 4 ·

12 Jun

Impact 4 · · ACCESS Newswire

12 Feb

Impact 4 · · Thomson Reuters StreetEvents transcript
Impact 4 ·

15 Nov

Impact 4 · · Simply Wall St.

4 Oct

Impact 4 · · Simply Wall St.

15 Aug

Impact 4 · · Simply Wall St.

22 May

Impact 4 · · InvestorPlace

1 May

Impact 4 · · Simply Wall St.

8 Mar

Impact 4 · · InvestorPlace

20 Feb

Impact 4 · · InvestorPlace

10 Feb

Impact 4 · · Simply Wall St.

25 Dec

Impact 4 · · InvestorPlace

8 Nov

Impact 4 · · Simply Wall St.

12 Oct

Impact 4 · · ACCESSWIRE

10 Sep

Impact 4 · · InvestorPlace
stockrow.com/JRSH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com