Skip to content

    JP Associates

    North India infrastructure group: cement plants, hydro/irrigation/highway EPC construction, Jaypee Greens real-estate townships, five-star hotels and the Buddh International Circuit motor-racing venue; under insolvency resolution (CIRP).

    Construction
    Industrials

    Overview

    Price

    Market Cap

    ₹594 Cr

    Sector

    Construction

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY25FY26
    LiabilitiesEquity Capital486489491491491491491491
    Reserves1.7k1.1k-406-1.7k-3.1k-4.4k-5.8k-5.6k
    Borrowings19.7k19.1k19.1k16.5k15.4k15.2k18.5k17.5k
    Other Liabilities14.4k15.7k18.2k22.6k23.3k24.0k21.4k20.9k
    Total Liabilities36.3k36.4k37.4k37.8k36.1k35.3k34.6k33.3k
    AssetsFixed Assets9.6k9.0k8.6k5.0k4.6k4.8k6.9k6.1k
    CWIP679714247193289321305162
    Investments1.7k1.5k1.5k1.5k1.2k512610717
    Other Assets24.4k25.2k27.1k31.1k30.0k29.6k26.7k26.3k
    Total Assets36.3k36.4k37.4k37.8k36.1k35.3k34.6k33.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25
    ActivitiesCash from Operating-8557708271.1k217611.2k558
    Cash from Investing15.1k-3-266-360-116134-219
    Cash from Financing-14.2k-931-570-743-281-625-960-412
    SummaryCapital Expenditure
    Free Cash Flow14.2k6415811.0k-796981.0k601
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    JPASSOCIAT · CAPITAL_INTENSIVE

    Learn to analyse JP Associates

    Guides on how to read this kind of business and the numbers that matter.