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Jerash Holdings (US), Inc.

JRSH Clue Score45
United States Fiscal year ends March CIK 0001696558
$6.15 +2.16% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $6.15 −14.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 4 May 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Operating income10.7Net income10.7Fiscal year 2018Revenue69.3Operating income11.8Net income10.4 −2.6%EPS, diluted1.07Fiscal year 2019Revenue85.0 +22.6%Operating income6.3Net income5.1 −50.9%EPS, diluted0.45 −57.9%Fiscal year 2020Revenue93.0 +9.5%Operating income7.7Net income6.5 +26.7%EPS, diluted0.57 +26.7%Fiscal year 2021Revenue90.2 −3.0%Operating income5.4Net income4.1 −35.9%EPS, diluted0.37 −35.1%Fiscal year 2022Revenue143.4 +58.9%Operating income10.5Net income7.9 +90.8%EPS, diluted0.67 +81.1%Fiscal year 2023Revenue138.1 −3.7%Operating income4.4Net income2.4 −69.4%EPS, diluted0.19 −71.6%Fiscal year 2024Revenue117.2 −15.1%Operating income−0.7Net income−2.0 −182.9%EPS, diluted−0.16 −184.2%Fiscal year 2025Revenue145.8 +24.4%Operating income1.4Net income−0.8EPS, diluted−0.07Fiscal year 2026Revenue166.3 +14.0%Operating income6.3Net income3.5EPS, diluted0.27
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue n/a 69.3 85.0 93.0 90.2 143.4 138.1 117.2 145.8 166.3
Growth +22.6% +9.5% −3.0% +58.9% −3.7% −15.1% +24.4% +14.0%
Operating income 10.7 11.8 6.3 7.7 5.4 10.5 4.4 −0.7 1.4 6.3
Net income 10.7 10.4 5.1 6.5 4.1 7.9 2.4 −2.0 −0.8 3.5
Growth −2.6% −50.9% +26.7% −35.9% +90.8% −69.4% −182.9%
EPS, diluted n/a 1.07 0.45 0.57 0.37 0.67 0.19 −0.16 −0.07 0.27
Growth −57.9% +26.7% −35.1% +81.1% −71.6% −184.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Fiscal year 2018Gross margin25.9%Operating margin17.1%Net margin15.0%Free cash flow margin6.2%Fiscal year 2019Gross margin22.1%Operating margin7.5%Net margin6.0%Free cash flow margin10.6%Fiscal year 2020Gross margin19.3%Operating margin8.2%Net margin7.0%Free cash flow margin2.4%Fiscal year 2021Gross margin17.7%Operating margin6.0%Net margin4.6%Free cash flow margin−2.6%Fiscal year 2022Gross margin19.1%Operating margin7.3%Net margin5.5%Free cash flow margin4.2%Fiscal year 2023Gross margin15.8%Operating margin3.2%Net margin1.8%Free cash flow margin7.3%Fiscal year 2024Gross margin14.4%Operating margin−0.6%Net margin−1.7%Free cash flow margin1.1%Fiscal year 2025Gross margin15.3%Operating margin1.0%Net margin−0.6%Free cash flow margin0.3%Fiscal year 2026Gross margin16.1%Operating margin3.8%Net margin2.1%Free cash flow margin−1.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin n/a 25.9% 22.1% 19.3% 17.7% 19.1% 15.8% 14.4% 15.3% 16.1%
Operating margin n/a 17.1% 7.5% 8.2% 6.0% 7.3% 3.2% −0.6% 1.0% 3.8%
Net margin n/a 15.0% 6.0% 7.0% 4.6% 5.5% 1.8% −1.7% −0.6% 2.1%
Free cash flow margin n/a 6.2% 10.6% 2.4% −2.6% 4.2% 7.3% 1.1% 0.3% −1.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow7.7Capital expenditure−0.5Free cash flow7.2Dividends paid−5.3Fiscal year 2018Operating cash flow5.2Capital expenditure−0.9Free cash flow4.3 −40.4%Dividends paid0.0Fiscal year 2019Operating cash flow9.8Capital expenditure−0.8Free cash flow9.0 +109.6%Dividends paid−1.1Fiscal year 2020Operating cash flow6.9Capital expenditure−4.7Free cash flow2.2 −75.1%Dividends paid−2.3Fiscal year 2021Operating cash flow−1.5Capital expenditure−0.9Free cash flow−2.4 −206.9%Dividends paid−2.3Fiscal year 2022Operating cash flow9.0Capital expenditure−3.0Free cash flow6.0Dividends paid−2.4Fiscal year 2023Operating cash flow10.8Capital expenditure−0.7Free cash flow10.1 +67.8%Dividends paid−2.5Fiscal year 2024Operating cash flow2.5Capital expenditure−1.2Free cash flow1.2 −87.7%Dividends paid−2.5Fiscal year 2025Operating cash flow1.4Capital expenditure−1.0Free cash flow0.4 −66.7%Dividends paid−2.5Fiscal year 2026Operating cash flow2.5Capital expenditure−5.1Free cash flow−2.6 −737.0%Dividends paid−2.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 7.7 5.2 9.8 6.9 −1.5 9.0 10.8 2.5 1.4 2.5
Capital expenditure −0.5 −0.9 −0.8 −4.7 −0.9 −3.0 −0.7 −1.2 −1.0 −5.1
Free cash flow 7.2 4.3 9.0 2.2 −2.4 6.0 10.1 1.2 0.4 −2.6
Growth −40.4% +109.6% −75.1% −206.9% +67.8% −87.7% −66.7% −737.0%
Dividends paid −5.3 0.0 −1.1 −2.3 −2.3 −2.4 −2.5 −2.5 −2.5 −2.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash3.7Shareholders’ equity21.7Fiscal year 2018Cash8.6Shareholders’ equity33.7Fiscal year 2019Cash27.2Shareholders’ equity50.0Fiscal year 2020Cash26.1Shareholders’ equity54.4Fiscal year 2021Cash21.1Shareholders’ equity56.4Fiscal year 2022Cash25.2Shareholders’ equity69.3Fiscal year 2023Cash17.8Shareholders’ equity68.2Fiscal year 2024Cash12.4Shareholders’ equity64.4Fiscal year 2025Cash13.3Shareholders’ equity62.8Fiscal year 2026Cash10.8Total debt2.8Net cash (debt)7.9Shareholders’ equity64.8Debt to equity0.04
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 3.7 8.6 27.2 26.1 21.1 25.2 17.8 12.4 13.3 10.8
Total debt n/a n/a n/a n/a n/a n/a n/a n/a n/a 2.8
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a n/a n/a 7.9
Shareholders’ equity 21.7 33.7 50.0 54.4 56.4 69.3 68.2 64.4 62.8 64.8
Debt to equity n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
n/a 69.3 85.0 93.0 90.2 143.4 138.1 117.2 145.8 166.3
Growth +22.6% +9.5% −3.0% +58.9% −3.7% −15.1% +24.4% +14.0%
n/a 51.3 66.2 75.0 74.2 116.0 116.3 100.3 123.5 139.5
15.4 18.0 18.8 18.0 16.0 27.3 21.8 16.9 22.3 26.8
Growth +16.6% +4.6% −4.2% −11.0% +70.8% −20.3% −22.4% +32.0% +20.0%
4.7 6.0 8.8 10.0 10.5 15.9 17.0 16.6 19.1 19.6
10.7 11.8 6.3 7.7 5.4 10.5 4.4 −0.7 1.4 6.3
Growth +10.6% −46.4% +20.7% −29.7% +94.7% −57.9% −115.1% +337.3%
10.6 11.8 6.4 7.6 5.5 10.4 4.1 −1.4 0.2 4.7
n/a 1.4 1.3 1.2 1.3 2.5 1.7 0.7 1.0 1.1
10.7 10.4 5.1 6.5 4.1 7.9 2.4 −2.0 −0.8 3.5
Growth −2.6% −50.9% +26.7% −35.9% +90.8% −69.4% −182.9%
Per share
n/a 1.07 0.46 0.57 0.37 0.67 0.19 −0.16 −0.07 0.28
n/a 1.07 0.45 0.57 0.37 0.67 0.19 −0.16 −0.07 0.27
Growth −57.9% +26.7% −35.1% +81.1% −71.6% −184.2%
n/a 9.7 11.2 11.3 11.3 11.8 12.6 12.3 12.3 12.7
n/a 9.7 11.3 11.4 11.3 11.9 12.7 12.3 12.3 13.2
Growth +16.4% +1.0% −1.0% +5.1% +6.5% −3.0% +0.3% +7.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.0% a year over five years, and earnings per share fell 6.1% a year.
  • The diluted share count rose 16.5% in five years, which is dilution.
  • Operating margin is down 2.2 points on five years ago, at 3.8%.
  • A net loss in 2 of 10 years on file.