Jash Engineering: Water, the elixir of life, is a precious resource facing ever growing pressures. The water treatment and recycling industry plays a crucial role in ensuring its availability and sustainability. Jash Engineering Ltd, a leading player in this vital sector, has been a key contributor for over 50 years. 

Jash Engineering focuses on manufacturing a comprehensive range of equipment for water and wastewater treatment plants. They cater to diverse sectors like power, steel and chemical industries, ensuring efficient usage and minimizing environmental impact. 

Their commitment extends beyond manufacturing. Jash offers a single – stop solution, encompassing, design, casting, assembling and testing. This comprehensive approach ensures quality control and efficient project execution. Jash Engineering empowers industries  and communities to manage water resources responsibly, safeguarding this essential resource for generations to come. 

Come let’s understand the company’s business model  

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Industry Overview Of Jash Engineering

The water and wastewater treatment equipment industry plays a crucial role in addressing the global challenge of water scarcity and ensuring access to clean water for domestic, industrial, and agricultural purposes. Driven by rapid industrialization, urbanization, and growing awareness of health risks and environmental impact, the demand for water treatment solutions is on the rise worldwide.

Globally, the market for water and wastewater treatment equipment is expected to expand at a compound annual growth rate (CAGR) of around 4.5% from 2023 to 2030, reaching an estimated value of $81.7 billion by 2030. Key factors driving this growth include the need for improved sanitation standards in developing economies, government initiatives to promote water treatment and conservation, and the expansion of mining operations, particularly in South America.

In India, the water management market stood at INR 216.03 billion in 2022 and is anticipated to reach INR 518.15 billion by 2027, expanding at a CAGR of 15.95% during the period. The municipal segment is expected to dominate the market for treatment equipment, driven by initiatives such as the National Mission for Clean Ganga, Jal Jeevan Mission, and Community Drinking Water Schemes.

Additionally, the growing demand for clean water, river water management projects, irrigation and flood management for agriculture, and environmental regulations are creating significant opportunities for water treatment equipment manufacturers.

However, the industry also faces challenges, including intense competition, economic conditions, supply chain disruptions, and environmental concerns. Players in the market are adopting strategies such as product launches, agreements, acquisitions, collaborations, joint ventures, and mergers to withstand global competition and maintain profitability.

Company Overview Of Jash Engineering

Jash Engineering was incorporated on September 29th, 1973 as a private limited company named “Jash Engineering Industries Private Limited“. The name of the company was changed to Jash Engineering Ltd on September 21, 1994 when it got converted into a public limited company. 

Jash Engineering Ltd is engaged in a business of manufacturing varied products for use in Water and Wastewater Pumping Stations and Treatment plants, Water transmission lines, Storm water pumping stations and Desalination. The company is headquartered in Indore, India and it has five well integrated state of art manufacturing facilities 1 in USA and 4 in India. 

The company exports its products to more than 45 countries and it has its global presence with bases in India, USA, Austria and Hong Kong. Some of their clients and consultants include NTPC, SAIL, BHEL, ADANI, TCS and SAPIENT.

As of 1st May 2024 the company had an order book worth Rs 816 crores, out of which domestic orders from India include Rs 265 crores and outside India stood at Rs 551 crores.  

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Financials Of Jash Engineering

FY 2023FY 2022FY 2021FY 2020
Revenue (in crores)401.99367.56299.43277.74
Net profit (in crores)51.732.1830.5220.1

In the Financial year 2023, Jash Engineering Limited saw an increase in revenue by 9.36% to 401.99 crores as compared to 367.56 crores in FY 22. Analyzing three years, encompassing FY 2021 to FY 2023, the company displayed a good compound annual Growth Rate (CAGR) of 13.12% in revenue. 

The company in FY 23 also increased its net profit margin by 60.65% to 51.7 crores as opposed to 32.18 crores in FY 22. 

This increase in revenue and net profit happened because of improved profitability at their US subsidiary Rodney Hunt and addition of waterfront’s revenue stream from the acquisition. It also benefited the operating leverages as higher revenue gets absorbed by existing overheads.

In FY 23, Jash Limited maintained favorable financial metrics with a Return on Equity (ROE) of 24.31% and a Return on Capital Employed (ROCE) of 22.16%

Future Plans Of Jash Engineering

Jash Engineering Ltd has planned to set up a new manufacturing facility in Glasgow, UK. They have also shipped their machinery from India to the UK which is said to be installed by May 31, 2024. With this manufacturing facility, they expand their manufacturing capacity and footprint in the UK market.

The company plans to set up a new restaurant facility within their campus, to be run on a lease model. The lease rent received will be used for employee engagement activities. By doing this Jash Ltd aims to provide a space for employees to relax and host company guests.

They also plan to construct another new plant in the Special Economic Zone (SEZ) by next year, to increase their capacity to cater to growing export orders.  

Jash Engineering entered the Vietnam market and bagged an order of 1 million dollars. The company plans to aggressively enter into more markets like Thailand, Indonesia, Laos, and Cambodia by this year. 

Jash Ltd also aims to develop and launch 2-3 new products every year. By doing this they focus on expanding the invent product line for water reuse/ reclamation in India. 

The company with consistent capacity expansions through new plants aims to double its revenue to Rs 1000 crores by FY 2028 from the current Rs 522 crores. 


Jash Engineering Ltd journey reflects a commitment to providing solutions for a pressing global challenge – water scarcity. Their focus on manufacturing equipment for water treatment plants and desalination facilities ensures a steady supply of clean water for various sectors. 

As the world grapples with water scarcity, Jash Engineering is poised to play a crucial role in the future. By continuously innovating technologies like membrane filtration and strategically expanding their market reach, they can become a major force in ensuring sustainable water management. 

Their commitment to water treatment and recycling positions them as a vital contributor to a more sustainable future. What would you say about their future growth? Do let me know in the comments below 

Written by Pavunkumar V M

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