What is Jerash Holdings (US)'s operating income?

Jerash Holdings (US)'s total operating income in 2026 was $6.33 million, based on the following breakdown: Total Gross Profit: $26.78 million Total Operating Expenses: $20.46 million

Jerash Holdings (US) (JRSH) Financials

$4.56 -0.07 (-1.51%)

Closing price 04:00 PM Eastern

Extended Trading

$4.53 -0.03 (-0.57%)

As of 07:55 PM Eastern

Compare

Annual Income Statements for Jerash Holdings (US)

This table shows Jerash Holdings (US)'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	11	10	5.11	6.48	-6.87	7.92	2.42	-2.01	-0.85	3.54
Consolidated Net Income / (Loss)	11	10	5.11	6.47	4.15	7.92	2.42	-2.04	-0.84	3.63
Net Income / (Loss) Continuing Operations	11	10	5.11	6.47	-6.87	7.92	2.09	-2.04	-0.84	3.63
Total Pre-Tax Income	11	12	6.37	7.64	5.50	10	4.08	-1.37	0.15	4.75
Total Operating Income	11	12	6.35	7.67	5.39	10	4.41	-0.66	1.45	6.33
Total Gross Profit	15	18	19	18	16	27	22	17	22	27
Total Revenue	62	69	85	93	79	143	138	117	146	166
Operating Revenue	62	69	85	93	79	143	138	117	146	166
Total Cost of Revenue	47	51	66	75	74	116	116	100	123	139
Operating Cost of Revenue	47	51	66	75	74	116	116	100	123	139
Total Operating Expenses	4.71	6.12	12	10	11	17	17	18	21	20
Selling, General & Admin Expense	4.71	6.00	8.83	10	11	16	17	17	19	20
Other Special Charges / (Income)	-	0.12	3.59	0.28	0.07	0.95	0.41	0.99	1.76	0.90
Total Other Income / (Expense), net	0.05	-0.03	0.05	-0.02	0.11	-0.04	-0.66	-0.70	-1.30	-1.58
Interest Expense	-	-	-	-	-	0.21	-	1.20	1.72	1.63
Other Income / (Expense), net	-0.05	-0.03	0.05	-0.02	0.11	0.17	0.11	0.50	0.42	0.05
Income Tax Expense	0.00	1.40	1.26	1.17	1.35	2.52	1.66	0.67	0.99	1.12
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.04	-0.01	-0.00	-0.01	-	-	0.00	-0.04	0.01	0.09
Basic Earnings per Share	$1.22	$1.07	$0.46	$0.57	$0.37	$0.67	$0.19	($0.16)	($0.07)	$0.28
Weighted Average Basic Shares Outstanding	8.79M	9.74M	11.20M	11.33M	11.33M	11.82M	12.64M	12.29M	12.33M	12.70M
Diluted Earnings per Share	$1.22	$1.07	$0.45	$0.57	-	-	-	($0.16)	($0.07)	$0.27
Weighted Average Diluted Shares Outstanding	8.79M	9.74M	11.33M	11.44M	11.33M	11.90M	12.68M	12.29M	12.33M	13.19M
Weighted Average Basic & Diluted Shares Outstanding	8.79M	9.74M	11.33M	11.33M	11.33M	12.33M	12.29M	12.29M	-	12.70M
Cash Dividends to Common per Share	-	-	-	$0.20	$0.20	-	$0.20	$0.20	$0.20	$0.20

This table shows Jerash Holdings (US)'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.37	0.22	-3.09	-1.35	0.66	-0.01	-0.15	0.32	0.46	1.17	1.59
Consolidated Net Income / (Loss)	0.37	0.23	-3.14	-1.37	0.66	0.01	-0.14	0.32	0.48	1.16	1.67
Net Income / (Loss) Continuing Operations	0.37	0.23	-3.23	-1.37	0.66	0.01	-0.14	0.32	0.48	1.16	1.67
Total Pre-Tax Income	0.72	0.27	-3.15	-1.25	0.77	0.46	0.18	0.65	0.63	1.52	1.94
Total Operating Income	0.89	0.38	-3.02	-0.83	1.13	0.71	0.43	0.96	1.09	1.94	2.34
Total Gross Profit	5.37	4.46	1.50	4.64	7.06	5.38	5.24	6.09	6.29	7.05	7.36
Total Revenue	33	28	22	41	40	35	29	40	42	42	43
Operating Revenue	33	28	22	41	40	35	29	40	42	42	43
Total Cost of Revenue	28	23	20	36	33	30	24	34	36	35	36
Operating Cost of Revenue	28	23	20	36	33	30	24	34	36	35	36
Total Operating Expenses	4.48	4.09	4.52	5.47	5.92	4.68	4.81	5.13	5.20	5.11	5.02
Selling, General & Admin Expense	4.24	3.84	4.26	5.00	5.45	4.20	4.46	4.91	4.97	4.88	4.80
Other Special Charges / (Income)	0.24	0.24	0.26	0.47	0.47	0.47	0.34	0.22	0.23	0.23	0.22
Total Other Income / (Expense), net	-0.17	-0.11	-0.22	-0.43	-0.36	-0.25	-0.25	-0.31	-0.46	-0.42	-0.40
Interest Expense	0.36	0.23	-	0.48	0.50	0.36	0.37	0.36	0.49	0.39	0.38
Other Income / (Expense), net	0.19	0.13	0.39	0.05	0.14	0.11	0.12	0.05	0.04	-0.03	-0.02
Income Tax Expense	0.35	0.04	-0.02	0.11	0.11	0.45	0.32	0.33	0.15	0.37	0.27
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.01	-0.05	-0.02	0.01	0.01	0.01	0.00	0.02	-0.01	0.08
Basic Earnings per Share	$0.03	$0.02	($0.25)	($0.11)	$0.05	$0.00	($0.01)	$0.03	$0.04	$0.09	$0.12
Weighted Average Basic Shares Outstanding	12.29M	12.29M	12.29M	12.29M	12.29M	12.29M	12.33M	12.70M	12.70M	12.70M	12.70M
Diluted Earnings per Share	$0.03	$0.02	-	($0.11)	$0.05	$0.00	($0.01)	$0.03	$0.04	$0.09	$0.11
Weighted Average Diluted Shares Outstanding	12.29M	12.29M	12.29M	12.29M	12.46M	12.29M	12.33M	12.70M	13.17M	13.22M	13.19M
Weighted Average Basic & Diluted Shares Outstanding	12.29M	12.29M	12.29M	12.29M	-	-	0.00	-	-	-	12.70M
Cash Dividends to Common per Share	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05

This table details how cash moves in and out of Jerash Holdings (US)'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.83	8.06	16	-0.92	-4.05	3.72	-7.17	-5.37	1.03	-2.60
Net Cash From Operating Activities	7.68	5.16	9.78	6.91	-1.50	8.96	11	2.48	1.36	2.49
Net Cash From Continuing Operating Activities	7.68	5.16	9.78	6.91	-1.50	8.96	11	2.48	1.36	2.49
Net Income / (Loss) Continuing Operations	11	10	5.11	6.47	4.15	7.92	2.42	-2.04	-0.84	3.63
Consolidated Net Income / (Loss)	11	10	5.11	6.47	4.15	7.92	2.42	-2.04	-0.84	3.63
Depreciation Expense	1.32	1.22	1.26	1.52	1.62	2.15	2.43	2.54	2.68	3.07
Amortization Expense	-	-	0.00	0.48	0.93	0.80	0.99	0.76	0.59	0.59
Non-Cash Adjustments To Reconcile Net Income	-0.35	-1.01	4.26	-1.31	-0.85	3.74	0.17	-0.75	-1.64	-1.02
Changes in Operating Assets and Liabilities, net	-3.95	-5.44	-0.85	-0.24	-7.35	-5.65	4.80	1.98	0.57	-3.78
Net Cash From Investing Activities	-0.83	-0.54	-1.60	-4.93	-0.89	-8.67	-14	-5.14	-2.37	-5.79
Net Cash From Continuing Investing Activities	-0.83	-0.54	-1.60	-4.93	-0.89	-8.67	-14	-5.14	-2.37	-5.79
Purchase of Property, Plant & Equipment	-0.49	-0.88	-0.79	-4.68	-0.89	-2.96	-0.72	-1.24	-0.95	-5.13
Purchase of Investments	-0.34	-	-	0.00	-9.69	-0.50	-0.67	-0.30	-0.33	-0.67
Other Investing Activities, net	-	0.00	-0.43	-0.25	-0.13	-2.52	-5.08	-3.60	-1.09	0.00
Net Cash From Financing Activities	-6.00	3.45	7.47	-2.91	-1.65	3.29	-3.95	-2.43	2.05	0.67
Net Cash From Continuing Financing Activities	-6.00	3.45	7.47	-2.91	-1.65	3.29	-3.95	-2.43	2.05	0.67
Repayment of Debt	0.00	-	-0.33	-0.65	-0.00	-0.61	-7.50	-7.55	-14	-22
Payment of Dividends	-5.31	0.00	-1.13	-2.27	-2.27	-2.37	-2.48	-2.46	-2.46	-2.54
Issuance of Debt	-	0.98	0.00	0.00	0.61	0.00	7.20	7.55	19	25
Effect of Exchange Rate Changes	-0.02	-0.00	-0.00	0.01	-0.01	0.14	-	-0.29	-0.02	0.03
Cash Interest Paid	-	0.03	0.09	0.01	0.00	0.21	0.77	1.20	1.72	1.63
Cash Income Taxes Paid	-	0.00	0.18	1.48	0.77	1.76	1.75	2.25	1.40	1.27

This table details how cash moves in and out of Jerash Holdings (US)'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	2.74	-1.58	-7.19	-1.06	4.91	-3.10	0.28	-7.56	6.20	-0.55	-0.69
Net Cash From Operating Activities	8.15	-0.31	-5.38	-2.20	4.63	-3.01	1.95	-6.48	6.80	-3.81	5.99
Net Cash From Continuing Operating Activities	8.15	-0.31	-5.38	-2.20	4.63	-3.01	1.95	-6.48	6.80	-3.81	5.99
Net Income / (Loss) Continuing Operations	0.37	0.23	-3.14	-1.37	0.66	0.01	-0.14	0.32	0.48	1.16	1.67
Consolidated Net Income / (Loss)	0.37	0.23	-3.14	-1.37	0.66	0.01	-0.14	0.32	0.48	1.16	1.67
Depreciation Expense	0.62	0.66	0.66	0.61	0.60	0.76	0.71	0.74	0.76	0.77	0.80
Amortization Expense	0.21	0.19	0.16	0.15	0.15	0.15	0.14	0.14	0.18	0.14	0.14
Non-Cash Adjustments To Reconcile Net Income	-0.12	1.19	-0.18	0.39	-2.37	-1.67	2.01	-0.12	-0.78	0.13	-0.25
Changes in Operating Assets and Liabilities, net	7.07	-2.57	-2.88	-1.99	5.59	-2.25	-0.78	-7.57	6.16	-6.00	3.63
Net Cash From Investing Activities	-1.69	-0.80	-0.88	-0.39	-0.55	-0.74	-0.70	-0.71	-0.34	-0.32	-4.42
Net Cash From Continuing Investing Activities	-1.69	-0.80	-0.88	-0.39	-0.55	-0.74	-0.70	-0.71	-0.34	-0.32	-4.42
Purchase of Property, Plant & Equipment	-0.57	-0.19	-0.42	-0.13	-0.22	-0.14	-0.46	-0.46	-0.38	-0.09	-4.19
Purchase of Investments	0.03	-0.03	-0.02	-0.24	-0.08	-0.28	0.27	-0.25	0.04	-0.23	-0.23
Net Cash From Financing Activities	-3.70	-0.61	-0.61	1.52	0.82	0.78	-1.07	-0.38	-0.23	3.53	-2.25
Net Cash From Continuing Financing Activities	-3.70	-0.61	-0.61	1.52	0.82	0.78	-1.07	-0.38	-0.23	3.53	-2.25
Repayment of Debt	-3.12	-1.82	-2.61	-3.44	-2.13	-3.72	-4.82	-4.72	-5.28	-6.12	-5.60
Payment of Dividends	-0.61	-0.61	-0.61	-0.61	-0.61	-0.61	-0.61	-0.63	-0.63	-0.63	-0.63
Issuance of Debt	0.00	1.82	2.61	5.57	3.57	5.12	4.36	4.98	5.69	10	3.99
Effect of Exchange Rate Changes	-0.03	0.15	-0.31	-	-	-	0.10	-	-	0.05	-0.00
Cash Interest Paid	0.36	0.23	0.22	0.48	0.50	0.36	0.37	0.36	0.49	0.39	0.38
Cash Income Taxes Paid	0.79	-0.21	0.09	0.73	0.60	-	0.07	0.22	0.89	0.11	0.06

This table presents Jerash Holdings (US)'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Total Assets	34	43	59	67	73	85	84	80	83	90
Total Current Assets	30	37	55	59	65	70	57	51	54	58
Cash & Equivalents	3.65	8.60	27	26	21	25	18	12	13	11
Accounts Receivable	5.12	5.30	4.02	5.34	12	11	2.33	5.42	3.08	5.68
Inventories, net	19	21	22	25	28	30	34	30	34	39
Prepaid Expenses	1.30	1.53	2.63	2.76	2.33	3.23	2.96	2.75	3.65	3.35
Plant, Property, & Equipment, net	3.16	2.82	2.36	6.17	5.70	11	22	25	25	27
Total Noncurrent Assets	0.48	3.60	1.54	2.33	2.89	4.50	4.08	4.33	3.53	4.08
Goodwill	-	-	-	-	0.00	0.50	0.50	0.50	0.50	0.50
Other Noncurrent Operating Assets	0.48	3.60	1.46	2.19	2.75	3.65	3.43	3.67	3.03	3.58
Total Liabilities & Shareholders' Equity	34	43	59	67	73	85	84	80	83	90
Total Liabilities	12	9.21	8.99	13	17	16	15	16	20	25
Total Current Liabilities	12	7.92	7.59	11	15	14	14	15	20	22
Short-Term Debt	0.00	0.98	0.65	0.00	0.61	0.00	1.48	2.23	6.66	7.05
Accounts Payable	10	4.78	3.38	6.38	8.22	4.84	5.78	6.34	6.51	7.17
Accrued Expenses	0.46	1.18	1.54	2.25	2.33	3.12	2.93	4.18	4.34	5.53
Current Deferred Revenue	-	-	-	-	-	0.00	0.93	0.01	0.49	0.24
Current Deferred & Payable Income Tax Liabilities	0.00	0.11	1.16	1.09	1.80	2.86	2.85	1.65	1.31	1.33
Other Current Liabilities	1.16	0.88	0.86	1.14	1.86	3.32	0.48	0.37	0.34	0.32
Total Noncurrent Liabilities	0.00	1.29	1.40	1.88	2.03	1.87	1.04	1.04	0.46	3.30
Long-Term Debt	-	-	-	-	-	-	-	-	0.00	2.76
Capital Lease Obligations	-	-	-	-	-	-	-	0.62	-	0.54
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	22	34	50	55	56	69	68	64	63	65
Total Preferred & Common Equity	22	34	50	54	56	69	68	64	63	65
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	22	34	50	54	56	69	68	64	63	65
Common Stock	1.10	2.75	15	15	15	23	23	24	26	27
Retained Earnings	21	31	35	39	41	46	46	42	38	39
Treasury Stock	-	-	-	-	-	0.00	-1.17	-1.17	-1.17	-1.17
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.02	-0.01	-0.01	-0.02	0.13	-0.12	-0.49	-0.51	-0.46
Other Equity Adjustments	0.07	0.07	0.21	0.21	0.35	0.38	0.41	0.41	0.41	0.41
Noncontrolling Interest	0.32	0.31	0.31	0.30	-	-	0.00	0.04	0.05	0.14

This table presents Jerash Holdings (US)'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2025	12/31/2025
Total Assets	79	78	77	80	80	82	83	84
Total Current Assets	51	49	48	52	51	53	56	57
Cash & Equivalents	21	20	11	16	13	5.80	12	11
Accounts Receivable	5.20	8.62	9.40	5.79	7.24	9.98	5.80	7.83
Inventories, net	22	19	24	26	27	34	34	34
Prepaid Expenses	2.13	2.58	2.98	3.22	3.68	3.29	3.50	3.36
Plant, Property, & Equipment, net	25	25	25	25	24	25	25	24
Total Noncurrent Assets	3.73	3.59	4.44	4.09	1.61	3.46	3.11	3.45
Goodwill	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50
Other Noncurrent Operating Assets	3.08	2.93	3.79	3.43	1.11	2.96	2.62	2.95
Total Liabilities & Shareholders' Equity	79	78	77	80	80	82	83	84
Total Liabilities	11	9.55	14	17	17	19	20	21
Total Current Liabilities	10	8.94	13	16	16	19	20	20
Short-Term Debt	-	1.62	4.43	5.94	6.79	6.37	6.68	11
Accounts Payable	5.46	2.40	3.30	4.39	3.89	6.18	7.76	3.59
Accrued Expenses	2.68	2.90	3.43	3.65	3.84	3.66	4.08	3.96
Current Deferred Revenue	0.23	0.00	0.25	1.12	0.06	0.62	0.69	0.29
Current Deferred & Payable Income Tax Liabilities	1.46	1.74	1.45	0.95	1.40	1.41	0.87	1.12
Other Current Liabilities	0.38	0.28	0.29	0.34	0.33	0.34	0.31	0.18
Total Noncurrent Liabilities	0.66	0.61	0.59	0.48	0.34	0.37	0.11	0.19
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	-	0.20	0.59	-	-	0.37	0.11	0.18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	68	68	63	63	63	63	63	64
Total Preferred & Common Equity	68	68	63	63	63	63	63	64
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	68	68	63	63	63	63	63	64
Common Stock	23	24	24	25	25	26	26	26
Retained Earnings	46	45	40	40	39	38	38	38
Treasury Stock	-1.17	-1.17	-1.17	-1.17	-1.17	-1.17	-1.17	-1.17
Accumulated Other Comprehensive Income / (Loss)	-0.28	-0.18	-0.48	-0.48	-0.62	-0.50	-0.52	-0.47
Other Equity Adjustments	0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41
Noncontrolling Interest	0.03	0.09	0.02	0.03	0.04	0.06	0.08	0.06

This table displays calculated financial ratios and metrics derived from Jerash Holdings (US)'s official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
DEI Shares Outstanding	0.00	9,895,000.00	11,325,000.00	11,325,000.00	11,325,000.00	12,334,318.00	12,377,725.00	12,294,840.00	12,294,840.00	12,294,840.00
DEI Adjusted Shares Outstanding	0.00	9,895,000.00	11,325,000.00	11,325,000.00	11,325,000.00	12,334,318.00	12,377,725.00	12,294,840.00	12,294,840.00	12,294,840.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	1.05	0.45	0.57	-0.61	0.64	0.20	-0.16	-0.07	0.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	11.69%	22.64%	9.46%	-14.87%	81.03%	-3.69%	-15.12%	24.43%	14.03%
EBITDA Growth	0.00%	8.77%	-41.23%	25.95%	-16.49%	69.08%	-41.64%	-60.54%	64.17%	95.08%
EBIT Growth	0.00%	10.85%	-45.81%	19.51%	-28.11%	93.88%	-57.57%	-103.67%	1,228.20%	240.62%
NOPAT Growth	0.00%	-2.50%	-51.18%	27.40%	-37.30%	95.52%	-67.11%	-117.79%	-1,626.82%	160.15%
Net Income Growth	0.00%	-2.30%	-50.87%	26.57%	-35.86%	90.85%	-69.45%	-184.39%	58.87%	531.87%
EPS Growth	0.00%	-12.30%	-57.94%	26.67%	0.00%	0.00%	0.00%	0.00%	56.25%	485.71%
Operating Cash Flow Growth	0.00%	-32.74%	89.31%	-29.28%	-121.68%	698.11%	20.57%	-77.01%	-45.08%	82.78%
Free Cash Flow Firm Growth	0.00%	0.00%	231.32%	-79.56%	-255.19%	79.39%	-1,010.29%	39.80%	-174.59%	62.83%
Invested Capital Growth	0.00%	43.98%	-10.25%	20.62%	22.86%	24.07%	18.98%	5.67%	2.42%	14.80%
Revenue Q/Q Growth	0.00%	0.00%	2.05%	4.35%	-14.00%	25.79%	-5.78%	-0.76%	5.56%	8.94%
EBITDA Q/Q Growth	0.00%	0.00%	-0.45%	-5.64%	-7.23%	2.84%	-7.59%	-39.19%	168.37%	22.59%
EBIT Q/Q Growth	0.00%	0.00%	-0.19%	-13.22%	14.55%	3.17%	-12.77%	-109.27%	242.21%	38.43%
NOPAT Q/Q Growth	0.00%	0.00%	33.74%	-13.90%	9.09%	2.25%	-20.70%	-207.17%	-472.06%	79.95%
Net Income Q/Q Growth	0.00%	0.00%	34.79%	-14.27%	7.86%	4.05%	-20.57%	-703.82%	78.09%	99.82%
EPS Q/Q Growth	0.00%	0.00%	60.71%	-14.93%	0.00%	0.00%	0.00%	0.00%	0.00%	80.00%
Operating Cash Flow Q/Q Growth	0.00%	-56.28%	52.44%	80.56%	-132.31%	-4.34%	154.40%	-71.82%	122.88%	261.38%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-95.64%	90.66%	-146.11%	46.71%	-427.19%	-39.74%	33.06%
Invested Capital Q/Q Growth	0.00%	0.00%	-18.30%	0.00%	16.26%	18.17%	2.09%	9.18%	1.16%	1.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.83%	25.91%	22.09%	19.33%	20.20%	19.07%	15.78%	14.42%	15.31%	16.11%
EBITDA Margin	19.30%	18.79%	9.00%	10.36%	10.16%	9.49%	5.75%	2.67%	3.53%	6.04%
Operating Margin	17.24%	17.08%	7.47%	8.24%	6.80%	7.32%	3.20%	-0.57%	0.99%	3.81%
EBIT Margin	17.16%	17.03%	7.53%	8.22%	6.94%	7.43%	3.27%	-0.14%	1.28%	3.83%
Profit (Net Income) Margin	17.16%	15.01%	6.01%	6.95%	5.24%	5.52%	1.75%	-1.74%	-0.58%	2.18%
Tax Burden Percent	100.00%	88.14%	80.21%	84.63%	75.51%	75.83%	59.25%	149.11%	-555.54%	76.41%
Interest Burden Percent	100.00%	100.00%	99.63%	100.00%	100.00%	98.02%	90.33%	825.78%	8.08%	74.50%
Effective Tax Rate	0.00%	11.86%	19.79%	15.37%	24.49%	24.17%	40.75%	0.00%	655.54%	23.59%
Return on Invested Capital (ROIC)	58.26%	46.56%	20.30%	24.79%	12.75%	20.19%	5.48%	-0.87%	-14.48%	8.01%
ROIC Less NNEP Spread (ROIC-NNEP)	59.63%	47.05%	20.19%	24.85%	12.41%	20.33%	6.41%	11.30%	-103.01%	42.04%
Return on Net Nonoperating Assets (RNNOA)	-9.90%	-9.46%	-8.18%	-12.46%	-5.29%	-7.59%	-1.96%	-2.21%	13.16%	-2.33%
Return on Equity (ROE)	48.36%	37.11%	12.12%	12.32%	7.47%	12.60%	3.52%	-3.08%	-1.32%	5.68%
Cash Return on Invested Capital (CROIC)	0.00%	10.51%	31.11%	6.09%	-7.76%	-1.30%	-11.86%	-6.39%	-16.87%	-5.77%
Operating Return on Assets (OROA)	31.41%	30.59%	12.48%	12.06%	7.81%	13.44%	5.35%	-0.20%	2.29%	7.37%
Return on Assets (ROA)	31.41%	26.96%	9.97%	10.21%	5.90%	9.99%	2.86%	-2.49%	-1.03%	4.20%
Return on Common Equity (ROCE)	47.66%	36.69%	12.04%	12.25%	7.45%	12.60%	3.52%	-3.08%	-1.32%	5.67%
Return on Equity Simple (ROE_SIMPLE)	49.07%	30.83%	10.23%	11.88%	7.36%	11.43%	3.55%	-3.17%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	10	5.09	6.49	4.07	7.95	2.62	-0.47	-8.04	4.83
NOPAT Margin	17.24%	15.05%	5.99%	6.97%	5.14%	5.55%	1.89%	-0.40%	-5.51%	2.91%
Net Nonoperating Expense Percent (NNEP)	-1.38%	-0.49%	0.11%	-0.07%	0.35%	-0.14%	-0.93%	-12.17%	88.53%	-34.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-0.69%	-11.56%	6.42%
Cost of Revenue to Revenue	75.17%	74.09%	77.91%	80.67%	93.72%	80.93%	84.22%	85.58%	84.69%	83.89%
SG&A Expenses to Revenue	7.58%	8.66%	10.40%	10.79%	13.32%	11.09%	12.28%	14.15%	13.11%	11.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.58%	8.83%	14.62%	11.09%	13.40%	11.75%	12.58%	14.99%	14.31%	12.30%
Earnings before Interest and Taxes (EBIT)	11	12	6.40	7.64	5.50	11	4.52	-0.17	1.87	6.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	13	7.65	9.64	8.05	14	7.94	3.13	5.14	10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.40	0.92	1.13	1.01	0.81	0.54	0.62	0.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.40	0.92	1.13	1.02	0.82	0.54	0.62	0.58
Price to Revenue (P/Rev)	0.00	0.00	0.82	0.54	0.81	0.49	0.40	0.30	0.27	0.23
Price to Earnings (P/E)	0.00	0.00	13.63	7.73	0.00	8.88	22.84	0.00	0.00	10.61
Dividend Yield	0.00%	0.00%	1.63%	4.58%	3.55%	3.38%	4.59%	7.06%	6.35%	7.03%
Earnings Yield	0.00%	0.00%	7.34%	12.94%	0.00%	11.26%	4.38%	0.00%	0.00%	9.42%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.83	0.85	1.21	1.02	0.75	0.46	0.57	0.58
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.51	0.26	0.54	0.31	0.28	0.22	0.22	0.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	5.68	2.51	5.29	3.28	4.90	8.07	6.25	3.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	6.80	3.17	7.75	4.19	8.61	0.00	17.20	5.85
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	8.54	3.73	10.47	5.61	14.89	0.00	0.00	7.71
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	4.45	3.50	0.00	4.98	3.60	10.17	23.58	14.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	5.57	15.17	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.01	0.00	0.01	0.00	0.02	0.04	0.11	0.16
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.05
Financial Leverage	-0.17	-0.20	-0.41	-0.50	-0.43	-0.37	-0.31	-0.20	-0.13	-0.06
Leverage Ratio	1.54	1.38	1.22	1.21	1.27	1.26	1.23	1.24	1.28	1.35
Compound Leverage Factor	1.54	1.38	1.21	1.21	1.27	1.24	1.11	10.21	0.10	1.01
Debt to Total Capital	0.00%	2.80%	1.27%	0.00%	1.07%	0.00%	2.12%	4.24%	9.58%	13.76%
Short-Term Debt to Total Capital	0.00%	2.80%	1.27%	0.00%	1.07%	0.00%	2.12%	3.32%	9.58%	9.37%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.92%	0.00%	4.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.44%	0.88%	0.61%	0.55%	0.00%	0.00%	0.00%	0.07%	0.08%	0.19%
Common Equity to Total Capital	98.56%	96.32%	98.12%	99.45%	98.93%	100.00%	97.88%	95.69%	90.34%	86.05%
Debt to EBITDA	0.00	0.08	0.08	0.00	0.08	0.00	0.19	0.91	1.29	1.03
Net Debt to EBITDA	0.00	-0.59	-3.47	-2.71	-2.64	0.00	-2.06	-3.06	-1.30	-0.04
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20	0.00	0.33
Debt to NOPAT	0.00	0.09	0.13	0.00	0.15	0.00	0.56	-6.13	-0.83	2.14
Net Debt to NOPAT	0.00	-0.73	-5.21	-4.03	-5.22	0.00	-6.24	20.57	0.83	-0.08
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.33	0.00	0.68
Altman Z-Score	0.00	0.00	8.23	5.78	5.20	6.27	5.35	4.04	4.14	4.09
Noncontrolling Interest Sharing Ratio	1.44%	1.12%	0.73%	0.58%	0.27%	0.00%	0.00%	0.03%	0.08%	0.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.55	4.65	7.30	5.44	4.36	4.94	3.97	3.45	2.75	2.70
Quick Ratio	0.74	1.75	4.11	2.90	2.24	2.60	1.39	1.21	0.83	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	2.36	7.80	1.60	-2.48	-0.51	-5.67	-3.41	-9.37	-3.48
Operating Cash Flow to CapEx	1,561.58%	588.15%	1,235.81%	147.76%	-168.30%	303.30%	1,495.24%	200.17%	143.48%	48.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	-2.42	0.00	-2.83	-5.45	-2.14
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	42.57	0.00	2.06	0.79	1.53
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	28.53	0.00	1.03	0.24	-1.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.80	1.66	1.47	1.13	1.81	1.63	1.43	1.79	1.92
Accounts Receivable Turnover	12.12	13.30	18.24	19.89	9.12	12.42	20.64	30.26	34.33	37.99
Inventory Turnover	2.44	2.53	3.08	3.24	2.81	4.03	3.65	3.11	3.82	3.82
Fixed Asset Turnover	19.63	23.18	32.84	21.81	13.34	17.24	8.29	4.95	5.83	6.34
Accounts Payable Turnover	4.55	6.83	16.24	15.39	10.17	17.76	21.89	16.54	19.22	20.40
Days Sales Outstanding (DSO)	30.12	27.44	20.01	18.36	40.03	29.39	17.68	12.06	10.63	9.61
Days Inventory Outstanding (DIO)	149.89	144.22	118.36	112.52	129.90	90.62	100.03	117.41	95.58	95.44
Days Payable Outstanding (DPO)	80.24	53.43	22.48	23.72	35.91	20.55	16.67	22.06	18.99	17.89
Cash Conversion Cycle (CCC)	99.77	118.23	115.89	107.16	134.02	99.46	101.04	107.41	87.23	87.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18	26	24	29	35	44	52	55	56	64
Invested Capital Turnover	3.38	3.09	3.39	3.55	2.48	3.64	2.89	2.20	2.63	2.76
Increase / (Decrease) in Invested Capital	0.00	8.08	-2.71	4.89	6.54	8.46	8.28	2.95	1.33	8.32
Enterprise Value (EV)	0.00	0.00	43	24	43	45	39	25	32	37
Market Capitalization	0.00	0.00	70	50	64	70	55	35	39	38
Book Value per Share	$2.47	$3.41	$4.41	$4.81	$4.98	$5.62	$5.51	$5.24	$5.10	$5.10
Tangible Book Value per Share	$2.47	$3.41	$4.41	$4.81	$4.98	$5.58	$5.47	$5.20	$5.05	$5.06
Total Capital	22	35	51	55	57	69	70	67	70	75
Total Debt	0.00	0.98	0.65	0.00	0.61	0.00	1.48	2.85	6.66	10
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.62	0.00	3.30
Net Debt	-3.65	-7.62	-27	-26	-21	-26	-16	-9.58	-6.69	-0.41
Capital Expenditures (CapEx)	0.49	0.88	0.79	4.68	0.89	2.96	0.72	1.24	0.95	5.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	21	21	22	29	30	27	26	28	33
Debt-free Net Working Capital (DFNWC)	18	30	48	48	50	56	44	38	41	44
Net Working Capital (NWC)	18	29	48	48	50	56	43	36	35	37
Net Nonoperating Expense (NNE)	0.05	0.03	-0.02	0.02	-0.08	0.03	0.20	1.58	-7.20	1.21
Net Nonoperating Obligations (NNO)	-3.65	-7.62	-27	-26	-21	-26	-16	-9.58	-6.69	-0.41
Total Depreciation and Amortization (D&A)	1.32	1.22	1.26	1.99	2.55	2.95	3.42	3.30	3.27	3.66
Debt-free, Cash-free Net Working Capital to Revenue	23.73%	30.75%	24.98%	23.65%	36.12%	20.97%	19.20%	22.14%	19.15%	19.87%
Debt-free Net Working Capital to Revenue	29.62%	43.16%	56.97%	51.74%	63.69%	38.88%	32.10%	32.75%	28.30%	26.34%
Net Working Capital to Revenue	29.62%	41.74%	56.20%	51.74%	62.92%	38.88%	31.03%	30.84%	23.73%	22.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$1.07	$0.46	$0.57	$0.37	$0.67	$0.00	($0.16)	($0.07)	$0.28
Adjusted Weighted Average Basic Shares Outstanding	8.79M	11.33M	11.20M	11.33M	11.33M	11.82M	0.00	12.29M	12.33M	12.70M
Adjusted Diluted Earnings per Share	$1.22	$1.07	$0.45	$0.57	$0.37	$0.00	$0.00	$0.00	($0.07)	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	8.79M	11.33M	11.33M	11.44M	11.33M	11.90M	0.00	12.29M	12.33M	13.19M
Adjusted Basic & Diluted Earnings per Share	$1.22	$1.07	$0.46	$0.57	$0.37	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.79M	9.74M	11.33M	11.33M	11.33M	12.33M	0.00	12.29M	0.00	12.70M
Normalized Net Operating Profit after Tax (NOPAT)	7.49	11	7.98	6.72	4.12	8.67	2.86	0.22	2.24	5.53
Normalized NOPAT Margin	12.07%	15.20%	9.38%	7.23%	5.20%	6.05%	2.07%	0.19%	1.54%	3.32%
Pre Tax Income Margin	17.16%	17.03%	7.50%	8.22%	6.94%	7.29%	2.96%	-1.17%	0.10%	2.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	50.60	0.00	-0.14	1.09	3.92
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	37.77	0.00	-0.39	-4.67	2.97
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	36.56	0.00	-1.17	0.53	0.77
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	23.74	0.00	-1.42	-5.23	-0.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.85%	0.00%	22.16%	35.01%	54.62%	29.89%	102.67%	-120.42%	-292.76%	70.02%
Augmented Payout Ratio	49.85%	0.00%	22.16%	35.01%	54.62%	29.89%	150.98%	-120.42%	-292.76%	70.02%

This table displays calculated financial ratios and metrics derived from Jerash Holdings (US)'s official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	-	12,294,840.00
DEI Adjusted Shares Outstanding	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	12,294,840.00	-	12,294,840.00
DEI Earnings Per Adjusted Shares Outstanding	0.03	0.02	-0.25	-0.11	0.05	0.00	-0.01	0.03	0.04	-	0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.81%	-36.04%	-4.01%	17.85%	20.63%	28.58%	35.58%	-3.19%	4.30%	18.04%	46.65%
EBITDA Growth	-46.84%	-37.48%	-1,010.53%	-100.71%	5.95%	28.11%	177.40%	15,847.23%	2.34%	63.22%	131.32%
EBIT Growth	-59.49%	-62.62%	-286.73%	-187.71%	17.87%	62.35%	120.91%	230.14%	-11.55%	133.58%	320.99%
NOPAT Growth	-75.68%	-66.86%	-392.49%	-185.12%	115.43%	-96.96%	83.56%	181.99%	-15.71%	14,941.52%	678.61%
Net Income Growth	-79.41%	-73.94%	-313.97%	-376.04%	80.12%	-97.28%	95.41%	123.68%	-27.88%	18,215.81%	1,257.58%
EPS Growth	0.00%	0.00%	0.00%	0.00%	66.67%	-100.00%	0.00%	127.27%	-20.00%	0.00%	1,200.00%
Operating Cash Flow Growth	-15.18%	-241.38%	-667.32%	-8,984.82%	-43.25%	-864.30%	136.15%	-194.35%	46.88%	-26.66%	207.61%
Free Cash Flow Firm Growth	-191.90%	107.18%	41.91%	-205.48%	88.71%	-668.26%	66.88%	87.81%	40.30%	-21.28%	-276.14%
Invested Capital Growth	0.00%	-1.20%	5.67%	0.00%	13.25%	10.54%	2.42%	13.16%	7.44%	14.20%	14.80%
Revenue Q/Q Growth	-3.97%	-17.50%	-21.60%	89.74%	-1.70%	-12.07%	-17.33%	35.48%	5.90%	-0.48%	2.70%
EBITDA Q/Q Growth	12.36%	-29.27%	-234.89%	99.34%	16,928.42%	-14.47%	-18.51%	3.07%	9.37%	36.40%	15.50%
EBIT Q/Q Growth	22.32%	-53.20%	-621.15%	70.60%	264.38%	-35.54%	-32.86%	3.17%	11.73%	70.22%	21.01%
NOPAT Q/Q Growth	-33.36%	-29.04%	-756.03%	72.56%	268.66%	-99.00%	-3,647.29%	236.85%	73.40%	78.70%	36.46%
Net Income Q/Q Growth	-25.48%	-37.07%	-1,451.66%	56.45%	148.62%	-99.05%	-2,382.15%	324.59%	48.10%	141.28%	44.23%
EPS Q/Q Growth	0.00%	-33.33%	0.00%	0.00%	145.45%	-100.00%	0.00%	0.00%	33.33%	125.00%	22.22%
Operating Cash Flow Q/Q Growth	32,816.63%	-103.83%	-1,625.54%	59.11%	310.25%	-165.00%	164.69%	-432.93%	204.91%	-156.05%	257.12%
Free Cash Flow Firm Q/Q Growth	-187.30%	101.99%	-643.78%	-1,018.02%	90.65%	-0.01%	68.30%	-251.15%	54.22%	-103.17%	1.70%
Invested Capital Q/Q Growth	0.00%	6.27%	9.18%	2.07%	-4.38%	3.73%	1.16%	12.20%	-9.22%	10.26%	1.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.10%	16.21%	6.96%	11.33%	17.54%	15.21%	17.91%	15.36%	14.99%	16.88%	17.15%
EBITDA Margin	5.72%	4.90%	-8.43%	-0.03%	5.02%	4.88%	4.81%	4.77%	4.93%	6.75%	7.59%
Operating Margin	2.66%	1.37%	-14.00%	-2.02%	2.82%	2.00%	1.48%	2.42%	2.60%	4.65%	5.45%
EBIT Margin	3.24%	1.84%	-12.22%	-1.89%	3.16%	2.32%	1.88%	2.54%	2.68%	4.59%	5.41%
Profit (Net Income) Margin	1.11%	0.84%	-14.55%	-3.34%	1.65%	0.02%	-0.49%	0.82%	1.14%	2.77%	3.89%
Tax Burden Percent	51.15%	85.76%	99.48%	108.90%	86.26%	1.38%	-80.18%	49.60%	75.71%	75.86%	86.09%
Interest Burden Percent	66.75%	53.53%	119.70%	161.98%	60.49%	55.55%	32.61%	64.71%	56.19%	79.50%	83.50%
Effective Tax Rate	48.85%	14.24%	0.00%	0.00%	13.74%	98.62%	180.18%	50.40%	24.29%	24.14%	13.91%
Return on Invested Capital (ROIC)	7.77%	2.74%	-21.51%	-6.25%	6.28%	0.07%	-3.12%	2.91%	5.18%	9.05%	12.92%
ROIC Less NNEP Spread (ROIC-NNEP)	8.58%	3.21%	-13.61%	16.44%	8.32%	0.10%	-5.62%	7.69%	9.71%	17.12%	22.59%
Return on Net Nonoperating Assets (RNNOA)	-2.64%	-0.88%	2.66%	-1.81%	-1.95%	-0.02%	0.72%	-0.39%	-1.17%	-1.06%	-1.25%
Return on Equity (ROE)	5.13%	1.86%	-18.86%	-8.06%	4.33%	0.05%	-2.40%	2.52%	4.00%	7.99%	11.66%
Cash Return on Invested Capital (CROIC)	-201.76%	2.06%	-6.39%	-206.46%	-15.68%	-12.67%	-16.87%	-10.11%	-5.18%	-8.74%	-5.77%
Operating Return on Assets (OROA)	5.52%	2.57%	-17.46%	-3.05%	5.17%	4.07%	3.37%	4.64%	4.80%	8.54%	10.41%
Return on Assets (ROA)	1.89%	1.18%	-20.79%	-5.37%	2.70%	0.03%	-0.88%	1.49%	2.04%	5.15%	7.48%
Return on Common Equity (ROCE)	5.13%	1.85%	-18.85%	-8.05%	4.33%	0.05%	-2.40%	2.52%	4.00%	7.98%	11.65%
Return on Equity Simple (ROE_SIMPLE)	-0.34%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.45	0.32	-2.11	-0.58	0.98	0.01	-0.35	0.48	0.82	1.47	2.01
NOPAT Margin	1.36%	1.17%	-9.80%	-1.42%	2.43%	0.03%	-1.19%	1.20%	1.97%	3.53%	4.69%
Net Nonoperating Expense Percent (NNEP)	-0.81%	-0.47%	-7.91%	-22.68%	-2.03%	-0.03%	2.50%	-4.78%	-4.53%	-8.07%	-9.68%
Return On Investment Capital (ROIC_SIMPLE)	-	0.46%	-3.14%	-0.86%	1.40%	0.01%	-0.50%	0.69%	1.19%	1.97%	2.67%
Cost of Revenue to Revenue	83.90%	83.79%	93.05%	88.67%	82.46%	84.79%	82.09%	84.64%	85.01%	83.12%	82.85%
SG&A Expenses to Revenue	12.71%	13.96%	19.76%	12.21%	13.54%	11.87%	15.26%	12.38%	11.85%	11.68%	11.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.44%	14.85%	20.96%	13.36%	14.72%	13.21%	16.43%	12.94%	12.39%	12.23%	11.70%
Earnings before Interest and Taxes (EBIT)	1.08	0.51	-2.64	-0.77	1.27	0.82	0.55	1.01	1.13	1.92	2.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.91	1.35	-1.82	-0.01	2.02	1.73	1.41	1.89	2.07	2.82	3.26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.51	0.53	0.54	0.56	0.56	0.63	0.62	0.66	0.70	0.63	0.58
Price to Tangible Book Value (P/TBV)	0.52	0.53	0.54	0.57	0.56	0.63	0.62	0.67	0.70	0.64	0.58
Price to Revenue (P/Rev)	0.26	0.30	0.30	0.29	0.27	0.29	0.27	0.29	0.30	0.26	0.23
Price to Earnings (P/E)	0.00	110.95	0.00	0.00	0.00	0.00	0.00	51.05	70.34	22.43	10.61
Dividend Yield	7.04%	6.85%	7.06%	6.97%	7.05%	6.21%	6.35%	6.10%	6.02%	6.56%	7.03%
Earnings Yield	0.00%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	1.96%	1.42%	4.46%	9.42%
Enterprise Value to Invested Capital (EV/IC)	0.30	0.36	0.46	0.51	0.48	0.58	0.57	0.67	0.67	0.63	0.58
Enterprise Value to Revenue (EV/Rev)	0.10	0.15	0.22	0.23	0.20	0.23	0.22	0.29	0.26	0.26	0.22
Enterprise Value to EBITDA (EV/EBITDA)	2.94	3.49	8.07	19.91	16.57	16.71	6.25	6.00	5.43	4.91	3.71
Enterprise Value to EBIT (EV/EBIT)	9.68	10.05	0.00	0.00	0.00	0.00	17.20	11.57	10.98	8.72	5.85
Enterprise Value to NOPAT (EV/NOPAT)	0.00	41.39	0.00	0.00	0.00	0.00	0.00	31.63	34.86	14.95	7.71
Enterprise Value to Operating Cash Flow (EV/OCF)	1.50	2.04	10.17	109.59	0.00	0.00	23.58	0.00	0.00	0.00	14.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.02	0.04	0.07	0.10	0.11	0.11	0.10	0.11	0.18	0.16
Long-Term Debt to Equity	0.00	0.00	0.01	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.05
Financial Leverage	-0.31	-0.27	-0.20	-0.11	-0.23	-0.20	-0.13	-0.05	-0.12	-0.06	-0.06
Leverage Ratio	1.16	1.21	1.24	1.22	1.21	1.20	1.28	1.26	1.30	1.29	1.35
Compound Leverage Factor	0.77	0.65	1.48	1.97	0.73	0.67	0.42	0.82	0.73	1.03	1.13
Debt to Total Capital	0.36%	2.32%	4.24%	6.58%	9.19%	10.15%	9.58%	9.21%	9.61%	15.00%	13.76%
Short-Term Debt to Total Capital	0.00%	2.32%	3.32%	6.58%	8.50%	9.66%	9.58%	9.21%	9.61%	15.00%	9.37%
Long-Term Debt to Total Capital	0.36%	0.00%	0.92%	0.00%	0.69%	0.49%	0.00%	0.00%	0.00%	0.00%	4.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.05%	0.13%	0.07%	0.03%	0.05%	0.06%	0.08%	0.08%	0.11%	0.08%	0.19%
Common Equity to Total Capital	99.59%	97.55%	95.69%	93.39%	90.77%	89.79%	90.34%	90.71%	90.29%	84.92%	86.05%
Debt to EBITDA	0.05	0.31	0.91	3.11	4.18	3.72	1.29	0.90	0.94	1.37	1.03
Net Debt to EBITDA	-4.39	-3.49	-3.06	-4.87	-6.45	-3.99	-1.30	0.08	-0.75	-0.03	-0.04
Long-Term Debt to EBITDA	0.05	0.00	0.20	0.00	0.31	0.18	0.00	0.00	0.00	0.00	0.33
Debt to NOPAT	-0.59	3.73	-6.13	-2.45	-3.92	-5.08	-0.83	4.77	6.05	4.18	2.14
Net Debt to NOPAT	50.30	-41.44	20.57	3.83	6.06	5.44	0.83	0.43	-4.82	-0.08	-0.08
Long-Term Debt to NOPAT	-0.59	0.00	-1.33	0.00	-0.29	-0.25	0.00	0.00	0.00	0.00	0.68
Altman Z-Score	5.10	5.24	3.94	4.38	4.15	4.40	4.09	4.29	4.22	4.22	3.94
Noncontrolling Interest Sharing Ratio	0.05%	0.07%	0.03%	0.04%	0.05%	0.11%	0.08%	0.06%	0.09%	0.08%	0.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.96	5.53	3.45	3.63	3.14	3.13	2.75	2.85	2.73	2.79	2.70
Quick Ratio	2.59	3.16	1.21	1.58	1.35	1.25	0.83	0.84	0.87	0.95	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-47	0.93	-5.06	-57	-5.29	-5.29	-1.68	-6.90	-3.16	-6.41	-6.30
Operating Cash Flow to CapEx	1,419.04%	-165.54%	-1,290.99%	-1,689.51%	2,123.06%	-2,097.00%	423.54%	-1,393.56%	1,790.93%	-4,139.12%	142.79%
Free Cash Flow to Firm to Interest Expense	-130.33	3.96	0.00	-117.81	-10.51	-14.49	-4.51	-19.38	-6.40	-16.31	-16.47
Operating Cash Flow to Interest Expense	22.70	-1.33	0.00	-4.58	9.20	-8.24	5.24	-18.21	13.77	-9.69	15.63
Operating Cash Flow Less CapEx to Interest Expense	21.10	-2.13	0.00	-4.85	8.76	-8.64	4.00	-19.51	13.00	-9.92	4.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.71	1.40	1.43	1.61	1.63	1.75	1.79	1.82	1.79	1.86	1.92
Accounts Receivable Turnover	25.93	16.67	30.26	13.13	23.70	17.42	34.33	14.91	25.23	20.26	37.99
Inventory Turnover	5.22	3.87	3.11	4.50	4.65	5.25	3.82	4.15	4.07	4.19	3.82
Fixed Asset Turnover	5.47	5.13	4.95	5.02	5.28	5.62	5.83	5.84	5.93	6.31	6.34
Accounts Payable Turnover	21.18	23.76	16.54	32.55	22.84	38.02	19.22	25.48	20.28	34.23	20.40
Days Sales Outstanding (DSO)	14.07	21.90	12.06	27.81	15.40	20.96	10.63	24.48	14.47	18.02	9.61
Days Inventory Outstanding (DIO)	69.90	94.32	117.41	81.20	78.43	69.55	95.58	87.96	89.58	87.15	95.44
Days Payable Outstanding (DPO)	17.24	15.36	22.06	11.21	15.98	9.60	18.99	14.33	17.99	10.66	17.89
Cash Conversion Cycle (CCC)	66.74	100.85	107.41	97.79	77.85	80.91	87.23	98.11	86.05	94.51	87.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	47	50	55	56	54	56	56	63	58	63	64
Invested Capital Turnover	5.71	2.34	2.20	4.41	2.58	2.61	2.63	2.42	2.63	2.57	2.76
Increase / (Decrease) in Invested Capital	47	-0.61	2.95	56	6.27	5.30	1.33	7.37	3.98	7.89	8.32
Enterprise Value (EV)	14	18	25	28	25	32	32	42	38	40	37
Market Capitalization	35	36	35	35	35	40	39	42	44	40	38
Book Value per Share	$5.55	$5.54	$5.24	$5.12	$5.16	$5.14	$5.10	$4.94	$4.94	$5.01	$5.10
Tangible Book Value per Share	$5.51	$5.50	$5.20	$5.08	$5.12	$5.09	$5.05	$4.90	$4.90	$4.97	$5.06
Total Capital	68	70	67	67	70	70	70	69	70	75	75
Total Debt	0.25	1.62	2.85	4.43	6.42	7.14	6.66	6.37	6.68	11	10
Total Long-Term Debt	0.25	0.00	0.62	0.00	0.48	0.34	0.00	0.00	0.00	0.00	3.30
Net Debt	-21	-18	-9.58	-6.94	-9.92	-7.64	-6.69	0.57	-5.32	-0.23	-0.41
Capital Expenditures (CapEx)	0.57	0.19	0.42	0.13	0.22	0.14	0.46	0.46	0.38	0.09	4.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	22	26	28	25	27	28	35	30	36	33
Debt-free Net Working Capital (DFNWC)	40	42	38	39	41	42	41	41	42	48	44
Net Working Capital (NWC)	40	40	36	35	35	35	35	35	35	36	37
Net Nonoperating Expense (NNE)	0.09	0.09	1.02	0.79	0.31	0.00	-0.20	0.15	0.35	0.32	0.34
Net Nonoperating Obligations (NNO)	-21	-18	-9.58	-6.94	-9.92	-7.64	-6.69	0.57	-5.32	-0.23	-0.41
Total Depreciation and Amortization (D&A)	0.83	0.84	0.82	0.76	0.75	0.91	0.86	0.88	0.94	0.90	0.94
Debt-free, Cash-free Net Working Capital to Revenue	14.29%	19.03%	22.14%	22.34%	19.02%	19.41%	19.15%	24.35%	20.41%	23.70%	19.87%
Debt-free Net Working Capital to Revenue	30.01%	35.64%	32.75%	31.55%	31.56%	30.11%	28.30%	28.36%	28.62%	31.20%	26.34%
Net Working Capital to Revenue	30.01%	34.27%	30.84%	27.96%	27.00%	25.20%	23.73%	23.95%	24.05%	23.84%	22.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.02	($0.25)	($0.11)	$0.05	$0.00	($0.01)	$0.03	$0.04	$0.09	$0.12
Adjusted Weighted Average Basic Shares Outstanding	12.29M	12.29M	12.29M	12.29M	12.29M	12.29M	12.33M	12.70M	12.70M	12.70M	12.70M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.05	$0.00	($0.01)	$0.03	$0.04	$0.09	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	12.29M	12.29M	12.29M	12.29M	12.46M	12.29M	12.33M	12.70M	13.17M	13.22M	13.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.29M	12.29M	12.29M	12.29M	0.00	0.00	0.00	0.00	0.00	0.00	12.70M
Normalized Net Operating Profit after Tax (NOPAT)	0.58	0.53	-1.93	-0.25	1.39	0.83	0.54	0.83	1.00	1.65	2.20
Normalized NOPAT Margin	1.74%	1.93%	-8.96%	-0.62%	3.45%	2.34%	1.85%	2.09%	2.38%	3.94%	5.14%
Pre Tax Income Margin	2.16%	0.98%	-14.62%	-3.07%	1.91%	1.29%	0.61%	1.65%	1.51%	3.65%	4.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	2.15	0.00	-1.61	2.53	2.25	1.48	2.83	2.28	4.88	6.06
NOPAT to Interest Expense	1.26	1.37	0.00	-1.21	1.94	0.03	-0.94	1.34	1.67	3.75	5.25
EBIT Less CapEx to Interest Expense	1.41	1.35	0.00	-1.88	2.10	1.86	0.25	1.53	1.51	4.64	-4.89
NOPAT Less CapEx to Interest Expense	-0.34	0.57	0.00	-1.48	1.51	-0.37	-2.17	0.03	0.90	3.51	-5.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1,076.56%	728.37%	-120.42%	-62.99%	-68.15%	-64.14%	-292.76%	291.54%	375.78%	138.81%	70.02%
Augmented Payout Ratio	-1,076.56%	728.37%	-120.42%	-62.99%	-68.15%	-64.14%	-292.76%	291.54%	375.78%	138.81%	70.02%

Financials Breakdown Chart

Key Financial Trends

Jerash Holdings (NASDAQ: JRSH) showed a mixed but improving picture in fiscal 2026, with stronger profitability in the latest quarter versus the prior quarter, but cash flow and leverage trends still look uneven.

Q4 fiscal 2026 revenue rose to $42.9 million, up from $41.8 million in Q3 and $39.6 million in Q1, showing modest top-line growth into year-end.
Gross profit improved to $7.4 million in Q4 from $7.0 million in Q3 and $6.1 million in Q1, indicating better operating leverage.
Operating income increased to $2.3 million in Q4, up from $1.9 million in Q3 and $1.0 million in Q2, a solid sequential improvement.
Net income attributable to common shareholders jumped to $1.6 million in Q4, compared with $1.2 million in Q3 and $0.5 million in Q2.
Operating cash flow rebounded sharply in Q4 to $6.0 million, after a negative $3.8 million in Q3, suggesting the quarter benefited from a better working-capital setup.
The company ended Q3 2026 with a strong liquidity position, including $11.5 million of cash and equivalents and $56.8 million of current assets.
Inventory remained elevated at roughly $34 million in both Q1 and Q3 2026, which may support sales but also ties up capital.
JRSH continued paying a $0.05 quarterly dividend per share, signaling shareholder returns remain part of the capital allocation strategy.
Operating margin is still thin: Q4 operating income of $2.3 million on $42.9 million of revenue is only about 5.4%.
Debt remains meaningful. Q3 2026 short-term debt was $11.2 million, and the company also used debt issuance and repayments repeatedly to manage cash needs across quarters.
Cash and equivalents fell to $11.5 million in Q3 2026 from $16.4 million in Q2 2025, showing that liquidity has tightened over the past year.
Q1 2026 was weak on both earnings and cash flow, with a $1.4 million net loss and $6.5 million in negative operating cash flow, highlighting volatility in the business.

Looking at the broader trend over the last four years, Jerash appears to be recovering from a very weak Q4 2024 and Q1 2025 period, when it posted operating losses and negative earnings, to a more stable and profitable run in fiscal 2026. That said, profitability is still modest, operating cash flow can swing sharply, and the balance sheet shows continued reliance on debt. For retail investors, JRSH currently looks like a company with improving fundamentals, but not yet a clean growth story.

07/27/26 08:35 PM ETAI Generated. May Contain Errors.

Jerash Holdings (US) Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Jerash Holdings (US)'s fiscal year ends in March. Their fiscal year 2026 ended on March 31, 2026.

Jerash Holdings (US)'s net income appears to be on a downward trend, with a most recent value of $3.63 million in 2026, falling from $10.65 million in 2017. The previous period was -$839.93 thousand in 2025. Find out what analysts predict for Jerash Holdings (US) in the coming months.

Jerash Holdings (US)'s total operating income in 2026 was $6.33 million, based on the following breakdown:

Total Gross Profit: $26.78 million
Total Operating Expenses: $20.46 million

Over the last 9 years, Jerash Holdings (US)'s total revenue changed from $62.04 million in 2017 to $166.26 million in 2026, a change of 168.0%.

Jerash Holdings (US)'s total liabilities were at $24.94 million at the end of 2026, a 24.1% increase from 2025, and a 110.0% increase since 2017.

In the past 9 years, Jerash Holdings (US)'s cash and equivalents has ranged from $3.65 million in 2017 to $27.18 million in 2019, and is currently $10.76 million as of their latest financial filing in 2026.

Over the last 9 years, Jerash Holdings (US)'s book value per share changed from 2.47 in 2017 to 5.10 in 2026, a change of 106.5%.

Related Companies

Financial statements for NASDAQ:JRSH last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Jerash Holdings (US) (JRSH) Financials

Financials Breakdown Chart

Key Financial Trends

Jerash Holdings (US) Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Jerash Holdings (US) (JRSH) Financials

Annual Income Statements for Jerash Holdings (US)

Quarterly Income Statements for Jerash Holdings (US)

Annual Cash Flow Statements for Jerash Holdings (US)

Quarterly Cash Flow Statements for Jerash Holdings (US)

Annual Balance Sheets for Jerash Holdings (US)

Quarterly Balance Sheets for Jerash Holdings (US)

Annual Metrics And Ratios for Jerash Holdings (US)

Quarterly Metrics And Ratios for Jerash Holdings (US)

Financials Breakdown Chart

Key Financial Trends

Jerash Holdings (US) Financials - Frequently Asked Questions

When does Jerash Holdings (US)'s financial year end?

How has Jerash Holdings (US)'s net income changed over the last 9 years?

What is Jerash Holdings (US)'s operating income?

How has Jerash Holdings (US)'s revenue changed over the last 9 years?

How much debt does Jerash Holdings (US) have?

How much cash does Jerash Holdings (US) have?

How has Jerash Holdings (US)'s book value per share changed over the last 9 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools