Jerash Holdings (US), Inc. (JRSH) AI Stock Analysis

NASDAQ: JRSHAI research summary: business, growth, valuation, analysts, bull and bear case.

JRSH AI stock analysis summary

AI Research

Jerash Holdings (US), Inc. (JRSH) is an apparel manufacturing company specializing in customized and ready-made sportswear and outerwear. In FY2026, revenue increased 14.0% to $166.3M and net income rebounded to $3.5M. The stock trades at a forward P/E of 6.5x and offers a 3.24% dividend yield.

Market cap
$78.4M
Revenue (TTM)
$176.9M
P/E
16.2x
fwd 6.5x
1Y return
100.9%
S&P 500 16.8%
Avg. target
$6.50
5.3% vs last close

Bull case

  • Revenue increased 26.7% year-over-year in the latest quarter ended June 30, 2026, while quarterly earnings surged 418.1%.
  • Jerash Holdings holds $3.5M in net cash with a current ratio of 3.11 and low debt-to-equity of 0.14.
  • The stock trades at an EV to EBITDA of 5.9x, well below the median of 11.1x for its US-listed Consumer Cyclical peers.

Bear case

  • Free cash flow has remained negative for three consecutive years, finishing FY2026 at -$2.6M.
  • Trailing twelve months profit margin remains low at 2.8%, trailing the peer median operating margin of 8.8%.
  • The stock's 5-year return of 20.6% significantly underperformed the S&P 500 return of 83.0%.

What Jerash does

Jerash Holdings (US), Inc., operating through its subsidiaries, specializes in the manufacturing and global export of customized and ready-made sportswear and outerwear. Its product line features items such as t-shirts, jackets, pullovers, pants, shorts, crew necks, polo shirts, tank tops, and personal protective equipment, made from knitted fabrics. The company serves brand-name retailers across the United States, Jordan, and other international markets. Founded in 2016 and based in Fairfield, New Jersey, the company employs 6,600 people and focuses on delivering customized and ready-to-wear apparel solutions.

Growth and profitability

Jerash Holdings grew revenue at a 5-year CAGR of 13.0% from FY2021 to FY2026. Revenue rose 58.9% in FY2022 to $143.4M before declining 3.7% in FY2023 to $138.1M and 15.1% in FY2024 to $117.2M. Growth recovered in FY2025 with revenue of $145.8M and reached $166.3M in FY2026. FY2026 gross margin was 16.1% and operating margin was 3.8%, yielding net income of $3.5M and EPS of $0.28. Over the trailing twelve months, revenue reached $176.9M with a 2.8% profit margin. In the quarter ended June 30, 2026, quarterly revenue grew 26.7% year-over-year while quarterly earnings increased 418.1%.

JRSH income statement →

Balance sheet and cash flow

As of June 30, 2026, Jerash Holdings held $12.4M in cash and short-term investments against $9.0M in total debt, resulting in net cash of $3.5M. Total assets stood at $87.4M and shareholders' equity was $66.0M. The company maintained a current ratio of 3.11 and a debt-to-equity ratio of 0.14. In FY2026, operating cash flow was $2.5M while capital expenditures were $5.1M, resulting in free cash flow of -$2.6M. Cash used for dividends paid totaled $2.5M in FY2026, and its share count grew 7.8% over five years.

JRSH balance sheet →

Valuation and performance

At $6.17 per share, Jerash Holdings has a market capitalization of $78.4M and an enterprise value of $69.7M. The stock trades at a trailing P/E of 16.2x and a forward P/E of 6.5x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. Its EV to EBITDA ratio of 5.9x is lower than the peer median of 11.1x, and its price-to-sales ratio is 0.4x against the peer median of 0.7x. Over the past year, JRSH gained 100.9%, outperforming the S&P 500 return of 16.8%, though its 5-year gain of 20.6% trailed the index return of 83.0%.

JRSH key metrics →

JRSH dividend

Jerash Holdings pays a forward annual dividend of $0.20 per share, which corresponds to a dividend yield of 3.24%. The dividend payout ratio is 52.6%, with distributions made quarterly. The company has paid dividends for 9 consecutive years, though its 5-year annualized dividend growth is 0.0%. Its last ex-dividend date was August 17, 2026.

JRSH dividend history →

What analysts expect

Jerash Holdings has 2 Strong Buy ratings and 0 Buy, Hold, Sell, or Strong Sell ratings. The mean price target is $6.50, representing an implied upside of 5.3% over the last close of $6.17. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $189.7M and EPS of $0.49, reflecting 81.5% EPS growth. Jerash Holdings reported 2 EPS beats over the past four quarters, and its next earnings date is November 11, 2026.

JRSH forecast and price target →

Key risks and what to watch

  • Capital expenditures of $5.1M in FY2026 exceeded operating cash flow of $2.5M, keeping free cash flow negative.
  • Dividend payments of $2.5M in FY2026 equaled total operating cash flow, leaving little cushion if earnings decline.
  • The company has an uneven track record against analyst forecasts, with only 2 EPS beats in the last four quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this JRSH AI stock analysis

This page is an AI-written research summary of Jerash Holdings (US), Inc. (JRSH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: JRSH income statement, JRSH balance sheet, JRSH key metrics, JRSH analyst forecast, JRSH chart. See the JRSH stock overview for the latest quote and news.

JRSH AI stock analysis FAQ

What is Jerash Holdings' dividend yield and payout schedule?

Jerash Holdings pays an annual forward dividend of $0.20 per share on a quarterly schedule, equating to a 3.24% dividend yield with a 52.6% payout ratio.

What are analysts forecasting for JRSH's revenue and earnings?

For the fiscal year ending March 31, 2027, analysts project revenue of $189.7M and EPS of $0.49, representing an 81.5% increase in earnings.

How leveraged is Jerash Holdings' balance sheet?

As of June 30, 2026, the company held $12.4M in cash and short-term investments against $9.0M in total debt, giving it $3.5M in net cash and a debt-to-equity ratio of 0.14.

When does Jerash Holdings report earnings next?

Jerash Holdings is scheduled to report its next financial results on November 11, 2026.

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