JRSHNasdaqApparel & Other Finishd Prods of Fabrics & Similar MatlFiscal year ends March 31
Jerash Holdings (US), Inc.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$6.34+0.17 (+2.76%)
Close on Oct 19, 2026
- Market cap
- $84.88M
- P/E (TTM)
- 16.7
- Dividend yield
- 3.15%
Margins
Share of revenue, fiscal years 2016 to 2026
Gross margin
16.1%−1.6 pts over 5 years
Operating margin
3.8%−2.2 pts over 5 years
Net margin
2.1%−2.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.0% | +6.4% | +13.0% | – | |
| Gross profit | +20.0% | +7.1% | +10.9% | – | |
| Operating income | +337.3% | +12.7% | +3.3% | – | |
| Net income | – | +13.5% | -3.1% | – | |
| EPS, diluted | – | +12.4% | -6.1% | – | |
| Dividend per share | +300.0% | 0.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 7.5% | 5.5% | |
| Return on assets | – | 5.9% | 4.1% | |
| Current ratio | 2.55 | 4.36 | 2.70 | |
| Interest coverage | – | – | 3.9× | |
| Inventory turnover | – | 3.1× | 4.8× | |
| Capex to revenue | 0.8% | 1.0% | 3.1% | |
| Diluted shares | 9M | 11M | 13M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Jerash Holdings (US) generated $26.11M from operations and spent $24.48M on capital expenditure, dividends and share buybacks. 45% of that went back into the business.
Generated
$26.11M
Used
$24.48M
Capital expenditure$11.00M45%Dividends$12.31M50%Share buybacks$1.17M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.1%
×Asset turnover1.92×
×Equity multiplier1.35×
=Return on equity, FY20265.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 2.1% | 1.92× | 1.35× | 5.5% |
| FY2025 | -0.6% | 1.79× | 1.28× | -1.3% |
| FY2024 | -1.7% | 1.43× | 1.24× | -3.0% |
| FY2023 | 1.8% | 1.63× | 1.23× | 3.5% |
| FY2022 | 5.5% | 1.81× | 1.26× | 12.6% |
| FY2021 | 4.6% | 1.28× | 1.27× | 7.5% |
| FY2020 | 7.0% | 1.47× | 1.21× | 12.4% |
| FY2019 | 6.0% | 1.66× | 1.22× | 12.2% |
| FY2018 | 15.0% | 1.80× | 1.39× | 37.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$3.54M
- Cash generatingOperating cash flow above zero$2.49M
- Return on assets improvedROA up on the prior year-1.1% → 4.3%
- Earnings backed by cashOperating cash flow above net income$2.49M vs $3.54M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.75 → 2.70
- No dilutionShare count did not rise12M → 13M
- Gross margin improvedGross margin up on the prior year15.31% → 16.11%
- More efficientAsset turnover rose1.82 → 2.00