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LIVE · 10:04 UTC
Companies/Consumer Discretionary/JRSH
JRSH—59

Jerash Holdings (US) Inc

Textiles & Leather GoodsVerified
Score breakdown
Profitability+9Sentiment+21Risk penalty-3Missing signals-3
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations23

Jerash Holdings maintains a conservative capital structure with a debt-to-equity ratio of 0.07, indicating minimal leverage. The company's liquidity position is moderate, with a current ratio of 2.75, suggesting it can cover short-term obligations but with limited excess cash. Free cash flow is negative at -$1.57 million, driven by capital expenditures of -$0.95 million, which may signal ongoing investment in production capacity [doc:JRSH-FS-2023]. Profitability metrics are weak, with a return on equity of -1.35% and a return on assets of -1.02%. Gross profit of $22.32 million represents 15.3% of revenue, which is below the industry median for textile and apparel manufacturers. Operating income of $1.45 million is also below the sector average, reflecting margin compression in a competitive market [doc:JRSH-FS-2023]. The company's revenue is concentrated in a few key markets and brands, with VF Corporation and other major retailers accounting for a significant portion of its business. This concentration increases exposure to demand fluctuations from these partners. Geographically, the company operates primarily in the Middle East, with production facilities in Jordan, and exports to North America and Europe [doc:JRSH-10K-2023]. Revenue growth has been stagnant, with the company reporting $145.81 million in revenue for the latest period. Outlook for the current fiscal year is flat, with no significant revenue growth expected. The next fiscal year is projected to show minimal improvement, with a revenue delta of less than 2% [doc:JRSH-Outlook-2024]. Risk factors include liquidity constraints, with net cash negative after subtracting total debt. The company has a low dilution risk, with no near-term pressure from share issuance. However, the risk assessment highlights the need for improved cash flow generation to support long-term stability [doc:JRSH-Risk-2023]. Recent events include the filing of the 10-K for fiscal 2023, which disclosed continued reliance on a few major clients and the impact of global supply chain disruptions. The company has also expanded its PPE product line, which may provide a new revenue stream in the event of renewed demand for protective equipment [doc:JRSH-10K-2023].

30-day price · JRSH+0.00 (+0.0%)
Low$3.42High$3.56Close$3.51As of4 May, 00:00 UTC
Profile
CompanyJerash Holdings (US) Inc
TickerJRSH.O
SectorConsumer Cyclicals
BusinessCyclical Consumer Products
Industry groupCyclical Consumer Products
IndustryTextiles & Leather Goods
AI analysis

Business. Jerash Holdings (US) Inc is a manufacturer and exporter of custom, ready-made sportswear and outerwear for global brands, including VF Corporation, New Balance, G-III, American Eagle, and Skechers [doc:JRSH-10K-2023].

Classification. Jerash Holdings is classified under the Textiles & Leather Goods industry within the Consumer Cyclicals economic sector, with a classification confidence of 0.92 [doc:JRSH--2023].

Jerash Holdings maintains a conservative capital structure with a debt-to-equity ratio of 0.07, indicating minimal leverage. The company's liquidity position is moderate, with a current ratio of 2.75, suggesting it can cover short-term obligations but with limited excess cash. Free cash flow is negative at -$1.57 million, driven by capital expenditures of -$0.95 million, which may signal ongoing investment in production capacity [doc:JRSH-FS-2023]. Profitability metrics are weak, with a return on equity of -1.35% and a return on assets of -1.02%. Gross profit of $22.32 million represents 15.3% of revenue, which is below the industry median for textile and apparel manufacturers. Operating income of $1.45 million is also below the sector average, reflecting margin compression in a competitive market [doc:JRSH-FS-2023]. The company's revenue is concentrated in a few key markets and brands, with VF Corporation and other major retailers accounting for a significant portion of its business. This concentration increases exposure to demand fluctuations from these partners. Geographically, the company operates primarily in the Middle East, with production facilities in Jordan, and exports to North America and Europe [doc:JRSH-10K-2023]. Revenue growth has been stagnant, with the company reporting $145.81 million in revenue for the latest period. Outlook for the current fiscal year is flat, with no significant revenue growth expected. The next fiscal year is projected to show minimal improvement, with a revenue delta of less than 2% [doc:JRSH-Outlook-2024]. Risk factors include liquidity constraints, with net cash negative after subtracting total debt. The company has a low dilution risk, with no near-term pressure from share issuance. However, the risk assessment highlights the need for improved cash flow generation to support long-term stability [doc:JRSH-Risk-2023]. Recent events include the filing of the 10-K for fiscal 2023, which disclosed continued reliance on a few major clients and the impact of global supply chain disruptions. The company has also expanded its PPE product line, which may provide a new revenue stream in the event of renewed demand for protective equipment [doc:JRSH-10K-2023].
Key takeaways
  • Jerash Holdings has a conservative capital structure but faces liquidity constraints due to negative free cash flow.
  • Profitability metrics are below industry medians, with weak returns on equity and assets.
  • Revenue is heavily concentrated in a few major clients, increasing demand volatility risk.
  • Outlook for revenue growth is muted, with minimal improvement expected in the next fiscal year.
  • The company has low dilution risk but must improve cash flow to support long-term stability.
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Financial snapshot
PeriodHA-latest
CurrencyUSD
Revenue$145.8M
Gross profit$22.3M
Operating income$1.4M
Net income-$848.4k
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$1.4M
CapEx-$951.1k
Free cash flow-$1.6M
Total assets$83.0M
Total liabilities$20.2M
Total equity$62.8M
Cash & equivalents—
Long-term debt$4.5M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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PeriodOCFCapExFCFSBC
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Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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PeriodOCFCapExFCFSBC
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Valuation
Market price—
Market cap—
Enterprise value—
P/E—
Reported non-GAAP P/E—
EV/Revenue—
EV/Op income—
EV/OCF—
P/B—
P/Tangible book—
Tangible book$62.8M
Net cash-$4.5M
Current ratio2.8
Debt/Equity0.1
ROA-1.0%
ROE-1.4%
Cash conversion-1.6%
CapEx/Revenue-0.7%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Textiles & Leather Goods · cohort 272 companies
MetricJRSHActivity
Op margin1.0%4.3% medp25 -0.2% · p75 8.6%below median
Net margin-0.6%2.3% medp25 -0.6% · p75 6.5%below median
Gross margin15.3%17.4% medp25 10.3% · p75 28.8%below median
CapEx / revenue-0.7%-2.9% medp25 -6.0% · p75 -1.1%top quartile
Debt / equity7.0%46.3% medp25 8.9% · p75 99.0%bottom quartile
Observations
IR observations
Mean price target4.50 USD
Median price target4.50 USD
High price target5.00 USD
Low price target4.00 USD
Mean recommendation2.00 (1=strong buy, 5=strong sell)
Strong-buy count0.00
Buy count2.00
Hold count0.00
Sell count0.00
Strong-sell count0.00
Mean EPS estimate0.14 USD
Last actual EPS-0.07 USD
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 03:52 UTC#3439ae71
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 03:53 UTCJob: 19fb58be