Jerash Holdings (US), Inc. (JRSH) 10-Year Financial Performance & Capital Metrics

JRSH • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelActivewear & Sports Brands

AboutJerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and readymade sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Jordan, and internationally. The company was incorporated in 2016 and is headquartered in Fairfield, New Jersey.Show more

Revenue $146M +24.4%
EBITDA $5M +79.2%
Net Income -$848K +57.7%
EPS (Diluted) -0.07 +57.0%
Gross Margin 15.31% +6.1%
EBITDA Margin 3.24% +44.0%
Operating Margin 0.99% +274.9%
Net Margin -0.58% +66.0%
ROE -1.33% +55.9%
ROIC 2.02% +310.6%
Debt/Equity 0.08 +432.6%
Interest Coverage 0.84 +252.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.6x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Negative free cash flow
✗Thin 5Y average net margin of 1.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.02%

5Y9.41%

3Y0.57%

TTM32196.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13575.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM118.07%

ROCE

10Y Avg23.27%

5Y Avg6.61%

3Y Avg2.51%

Latest2.22%

Peer Comparison

Activewear & Sports Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
UAUnder Armour, Inc.	1.12B	5.58	-11.87	-9.43%	0.68%	1.95%	0.69
UAAUnder Armour, Inc.	1.09B	5.76	-12.26	-9.43%	1.99%	5.42%	0.69
JRSHJerash Holdings (US), Inc.	39.24M	3.09	-44.91	24.43%	1.14%	7.63%	0.08

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	52.56M	62.04M	69.3M	84.98M	93.02M	90.21M	143.35M	138.06M	117.19M	145.81M
Revenue Growth %	0.23%	0.18%	0.12%	0.23%	0.09%	-0.03%	0.59%	-0.04%	-0.15%	0.24%
Cost of Goods Sold+	39.91M	46.64M	51.34M	66.21M	75.04M	74.21M	116.02M	116.27M	100.28M	123.49M
COGS % of Revenue	0.76%	0.75%	0.74%	0.78%	0.81%	0.82%	0.81%	0.84%	0.86%	0.85%
Gross Profit+	12.65M	15.4M	17.95M	18.78M	17.98M	16M	27.33M	21.79M	16.9M	22.32M
Gross Margin %	0.24%	0.25%	0.26%	0.22%	0.19%	0.18%	0.19%	0.16%	0.14%	0.15%
Gross Profit Growth %	0.65%	0.22%	0.17%	0.05%	-0.04%	-0.11%	0.71%	-0.2%	-0.22%	0.32%
Operating Expenses+	3.57M	4.71M	6.12M	12.43M	10.32M	10.61M	16.84M	17.37M	17.57M	20.87M
OpEx % of Revenue	0.07%	0.08%	0.09%	0.15%	0.11%	0.12%	0.12%	0.13%	0.15%	0.14%
Selling, General & Admin	3.57M	4.71M	6.12M	12.43M	10.32M	10.61M	16.84M	17.37M	17.57M	20.87M
SG&A % of Revenue	0.07%	0.08%	0.09%	0.15%	0.11%	0.12%	0.12%	0.13%	0.15%	0.14%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-31.37K	23.8K	0	0	0	0	0	0
Operating Income+	9.07M	10.7M	11.83M	6.35M	7.67M	5.39M	10.49M	4.41M	-664.96K	1.45M
Operating Margin %	0.17%	0.17%	0.17%	0.07%	0.08%	0.06%	0.07%	0.03%	-0.01%	0.01%
Operating Income Growth %	0.92%	0.18%	0.11%	-0.46%	0.21%	-0.3%	0.95%	-0.58%	-1.15%	3.18%
EBITDA+	10.08M	12.02M	13.05M	7.6M	9.66M	7.94M	13.44M	7.83M	2.63M	4.72M
EBITDA Margin %	0.19%	0.19%	0.19%	0.09%	0.1%	0.09%	0.09%	0.06%	0.02%	0.03%
EBITDA Growth %	0.85%	0.19%	0.09%	-0.42%	0.27%	-0.18%	0.69%	-0.42%	-0.66%	0.79%
D&A (Non-Cash Add-back)	1.01M	1.32M	1.22M	1.26M	1.99M	2.55M	2.95M	3.42M	3.3M	3.27M
EBIT	9.01M	10.65M	11.83M	6.37M	7.67M	5.39M	10.49M	4.85M	-165.84K	1.87M
Net Interest Income+	0	0	0	0	0	0	-210.58K	-768.13K	-1.2M	-1.72M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	210.58K	768.13K	1.2M	1.72M
Other Income/Expense	-65.37K	-50.32K	-31.37K	23.8K	-21.12K	108.51K	-44.68K	-331.13K	-704.48K	-1.3M
Pretax Income+	9.01M	10.65M	11.8M	6.37M	7.64M	5.5M	10.44M	4.08M	-1.37M	151.19K
Pretax Margin %	0.17%	0.17%	0.17%	0.07%	0.08%	0.06%	0.07%	0.03%	-0.01%	0%
Income Tax+	-66.2K	-44.61K	1.4M	1.26M	1.17M	1.35M	2.52M	1.66M	672.5K	991.12K
Effective Tax Rate %	1.01%	1%	0.88%	0.8%	0.85%	0.76%	0.76%	0.59%	1.46%	-5.61%
Net Income+	9.08M	10.69M	10.41M	5.11M	6.48M	4.15M	7.92M	2.42M	-2.01M	-848.37K
Net Margin %	0.17%	0.17%	0.15%	0.06%	0.07%	0.05%	0.06%	0.02%	-0.02%	-0.01%
Net Income Growth %	0.9%	0.18%	-0.03%	-0.51%	0.27%	-0.36%	0.91%	-0.69%	-1.83%	0.58%
Net Income (Continuing)	9.01M	10.65M	10.4M	5.11M	6.47M	4.15M	7.92M	2.42M	-2.04M	-839.93K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	362.1K	316.6K	309.6K	309K	303.21K	0	0	0	44.34K	52.78K
EPS (Diluted)+	0.69	0.82	0.92	0.45	0.57	0.37	0.67	0.19	-0.16	-0.07
EPS Growth %	0.92%	0.19%	0.12%	-0.51%	0.27%	-0.35%	0.81%	-0.72%	-1.84%	0.57%
EPS (Basic)	0.80	0.94	0.92	0.46	0.57	0.37	0.67	0.19	-0.16	-0.07
Diluted Shares Outstanding	13.07M	13.07M	11.32M	11.33M	11.44M	11.33M	11.9M	12.68M	12.29M	12.33M
Basic Shares Outstanding	11.32M	11.32M	11.32M	11.2M	11.32M	11.33M	11.82M	12.64M	12.29M	12.33M
Dividend Payout Ratio	-	0.5%	-	0.22%	0.35%	0.55%	0.3%	1.03%	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	20.56M	30.26M	36.85M	55.35M	58.98M	64.65M	69.87M	57.28M	50.92M	54.42M
Cash & Short-Term Investments	2.82M	3.65M	8.6M	27.18M	26.13M	21.84M	25.68M	17.8M	12.43M	13.35M
Cash Only	2.82M	3.65M	8.6M	27.18M	26.13M	21.84M	25.18M	17.8M	12.43M	13.35M
Short-Term Investments	0	0	0	0	0	0	500K	0	0	0
Accounts Receivable	0	6.15M	5.3M	4.02M	5.34M	12.41M	11.42M	2.34M	5.42M	3.08M
Days Sales Outstanding	-	36.18	27.9	17.27	20.94	50.22	29.09	6.2	16.87	7.7
Inventory	16.51M	19.15M	21.42M	21.52M	24.75M	28.07M	29.54M	34.19M	30.33M	34.35M
Days Inventory Outstanding	150.99	149.89	152.29	118.63	120.39	138.07	92.93	107.33	110.38	101.52
Other Current Assets	1.22M	1.3M	1.53M	2.63M	2.76M	2.33M	3.23M	2.95M	2.75M	3.65M
Total Non-Current Assets+	4.46M	3.64M	6.42M	3.9M	8.5M	8.59M	15.44M	26.44M	29.33M	30.53M
Property, Plant & Equipment	3.99M	3.16M	2.82M	2.36M	7.32M	7.3M	12.76M	23.33M	26.26M	25.87M
Fixed Asset Turnover	13.19x	19.63x	24.58x	36.07x	12.71x	12.36x	11.24x	5.92x	4.46x	5.64x
Goodwill	0	0	0	0	0	0	499.28K	499.28K	499.28K	499.28K
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	479.61K	478.39K	3.6M	1.46M	1.04M	1.15M	1.83M	2.45M	1.61M	1.72M
Other Non-Current Assets	0	0	0	0	0	0	0	0	802.3K	464.93K
Total Assets+	25.02M	33.9M	43.27M	59.25M	67.48M	73.25M	85.31M	83.72M	80.25M	84.95M
Asset Turnover	2.10x	1.83x	1.60x	1.43x	1.38x	1.23x	1.68x	1.65x	1.46x	1.72x
Asset Growth %	0.21%	0.35%	0.28%	0.37%	0.14%	0.09%	0.16%	-0.02%	-0.04%	0.06%
Total Current Liabilities+	8.3M	11.88M	7.92M	7.59M	10.85M	14.83M	14.14M	14.45M	14.78M	19.82M
Accounts Payable	6.16M	10.25M	4.78M	3.38M	6.38M	7.92M	4.84M	5.78M	6.34M	6.51M
Days Payables Outstanding	56.31	80.24	33.96	18.62	31.01	38.97	15.23	18.15	23.08	19.23
Short-Term Debt	0	0	980.2K	648.71K	210.32K	1.01M	739.1K	481.5K	370.8K	4.85M
Deferred Revenue (Current)	0	0	0	0	0	0	0	928.39K	10.2K	487K
Other Current Liabilities	2.15M	1.63M	2.05M	2.39M	3.18M	4.09M	5.69M	4.41M	6.41M	6.67M
Current Ratio	2.48x	2.55x	4.65x	7.30x	5.44x	4.36x	4.94x	3.97x	3.45x	2.75x
Quick Ratio	0.49x	0.93x	1.95x	4.46x	3.15x	2.47x	2.85x	1.60x	1.39x	1.01x
Cash Conversion Cycle	-	105.82	146.23	117.27	110.31	149.32	106.79	95.37	104.18	89.99
Total Non-Current Liabilities+	0	0	1.29M	1.4M	1.88M	2.03M	1.87M	1.04M	1.04M	2.26M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	649.93K	869.31K	869.31K	287.25K	618.3K	287.53K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	1.98M
Other Non-Current Liabilities	0	0	1.29M	1.4M	1.23M	1.16M	1M	751.41K	417.45K	0
Total Liabilities	8.3M	11.88M	9.21M	8.99M	12.73M	16.86M	16.01M	15.49M	15.81M	22.08M
Total Debt+	0	0	980.2K	648.71K	860.25K	1.88M	1.61M	768.75K	989.1K	5.14M
Net Debt	-2.82M	-3.65M	-7.62M	-26.53M	-25.27M	-19.96M	-23.57M	-17.03M	-11.44M	-8.21M
Debt / Equity	-	-	0.03x	0.01x	0.02x	0.03x	0.02x	0.01x	0.02x	0.08x
Debt / EBITDA	-	-	0.08x	0.09x	0.09x	0.24x	0.12x	0.10x	0.38x	1.09x
Net Debt / EBITDA	-0.28x	-0.30x	-0.58x	-3.49x	-2.62x	-2.51x	-1.75x	-2.17x	-4.34x	-1.74x
Interest Coverage	-	-	-	-	-	-	49.81x	5.75x	-0.55x	0.84x
Total Equity+	16.72M	22.02M	34.06M	50.26M	54.75M	56.39M	69.3M	68.23M	64.43M	62.87M
Equity Growth %	1.18%	0.32%	0.55%	0.48%	0.09%	0.03%	0.23%	-0.02%	-0.06%	-0.02%
Book Value per Share	1.28	1.68	3.01	4.44	4.78	4.98	5.83	5.38	5.24	5.10
Total Shareholders' Equity	16.36M	21.7M	33.75M	49.95M	54.45M	56.39M	69.3M	68.23M	64.39M	62.82M
Common Stock	8.79K	8.79K	9.89K	11.32K	11.32K	11.33K	12.33K	12.53K	12.53K	12.94K
Retained Earnings	15.15M	20.54M	30.95M	34.79M	39M	40.75M	46.27M	46.17M	41.7M	38.4M
Treasury Stock	0	0	0	0	0	0	0	-1.17M	-1.17M	-1.17M
Accumulated OCI	102.39K	63.3K	47.2K	198.3K	204.41K	330.41K	506.47K	287.62K	-78.5K	-99.3K
Minority Interest	362.1K	316.6K	309.6K	309K	303.21K	0	0	0	44.34K	52.78K

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	2.31M	7.68M	5.16M	9.78M	6.91M	-1.5M	8.96M	10.81M	2.48M	1.36M
Operating CF Margin %	0.04%	0.12%	0.07%	0.12%	0.07%	-0.02%	0.06%	0.08%	0.02%	0.01%
Operating CF Growth %	-0.22%	2.32%	-0.33%	0.89%	-0.29%	-1.22%	6.98%	0.21%	-0.77%	-0.45%
Net Income	9.01M	10.65M	10.4M	5.11M	6.48M	4.15M	7.92M	2.42M	-2.01M	-848.37K
Depreciation & Amortization	1.01M	1.32M	1.22M	1.26M	1.99M	2.55M	2.95M	3.42M	3.3M	3.27M
Stock-Based Compensation	0	0	116.58K	3.59M	0	66.25K	947.08K	413.9K	986.05K	0
Deferred Taxes	0	0	0	-81.46M	0	0	-203.93B	198.72K	0	0
Other Non-Cash Items	52.29K	6.3M	10.48M	81.46M	279.11K	-124.89K	203.93B	-198.72K	-2.12M	1.92M
Working Capital Changes	-7.76M	-4.29M	-6.57M	-185.96K	-1.84M	-8.14M	-3.08M	4.55M	2.33M	-2.99M
Change in Receivables	25.57K	-5.12M	-179.49K	1.28M	-1.32M	-6.7M	762.61K	8.81M	-2.9M	2.36M
Change in Inventory	-2.86M	-2.68M	-1.15M	-770.72K	-3.23M	-2.4M	-3.22M	-4.4M	3.86M	-4.02M
Change in Payables	-4.64M	4.11M	-5.47M	-1.4M	3M	1.55M	-3.08M	942.35K	0	167.07K
Cash from Investing+	-2.36M	-828.57K	-541.2K	-1.6M	-4.93M	-894.26K	-8.67M	-13.78M	-5.14M	-2.37M
Capital Expenditures	-2.36M	-491.63K	-877.94K	-791K	-4.68M	-890.46K	-5.05M	-5.81M	-4.84M	-2.04M
CapEx % of Revenue	0.04%	0.01%	0.01%	0.01%	0.05%	0.01%	0.04%	0.04%	0.04%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-336.94K	336.75K	-430.11K	0	0	-419.6K	-668.34K	-300.76K	-329.33K
Cash from Financing+	0	-6M	324.95K	7.47M	-2.91M	-1.65M	3.29M	-3.95M	-2.43M	2.05M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-5.31M	0	-1.13M	-2.27M	-2.27M	-2.37M	-2.48M	-2.46M	-2.46M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-692.5K	-655.45K	8.6M	0	-1.76K	-1.76K	-300.17K	31.36K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-48.67K	7.19M	4.29M	8.98M	2.23M	-2.39M	3.91M	5M	-2.36M	-675.97K
FCF Margin %	-0%	0.12%	0.06%	0.11%	0.02%	-0.03%	0.03%	0.04%	-0.02%	-0%
FCF Growth %	-1.03%	148.65%	-0.4%	1.1%	-0.75%	-2.07%	2.64%	0.28%	-1.47%	0.71%
FCF per Share	-0.00	0.55	0.38	0.79	0.20	-0.21	0.33	0.39	-0.19	-0.05
FCF Conversion (FCF/Net Income)	0.25x	0.72x	0.50x	1.91x	1.07x	-0.36x	1.13x	4.47x	-1.24x	-1.61x
Interest Paid	0	0	0	90.87K	0	0	210.58K	768.13K	1.2M	0
Taxes Paid	0	0	0	175K	0	773.32K	1.76M	1.75M	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	74.42%	55.21%	37.13%	12.13%	12.33%	7.47%	12.6%	3.52%	-3.02%	-1.33%
Return on Invested Capital (ROIC)	72.8%	49.75%	39.62%	18.98%	21.61%	12.26%	19.15%	6.83%	-0.96%	2.02%
Gross Margin	24.06%	24.83%	25.91%	22.09%	19.33%	17.73%	19.07%	15.78%	14.42%	15.31%
Net Margin	17.27%	17.23%	15.02%	6.02%	6.96%	4.6%	5.52%	1.75%	-1.71%	-0.58%
Debt / Equity	-	-	0.03x	0.01x	0.02x	0.03x	0.02x	0.01x	0.02x	0.08x
Interest Coverage	-	-	-	-	-	-	49.81x	5.75x	-0.55x	0.84x
FCF Conversion	0.25x	0.72x	0.50x	1.91x	1.07x	-0.36x	1.13x	4.47x	-1.24x	-1.61x
Revenue Growth	22.59%	18.04%	11.69%	22.64%	9.46%	-3.02%	58.91%	-3.69%	-15.12%	24.43%

Revenue by Geography

	2017	2018	2019	2020	2023	2024
UNITED STATES	61.24M	70.09M	-	79.19M	102.52M	128.58M
UNITED STATES Growth	-	14.46%	-	-	29.46%	25.42%
CHINA	-	-	-	-	-	7.67M
CHINA Growth	-	-	-	-	-	-
GERMANY	-	-	-	-	2.92M	4.02M
GERMANY Growth	-	-	-	-	-	37.60%
JORDAN	7.27M	13.69M	-	5.7M	2.18M	3.08M
JORDAN Growth	-	88.41%	-	-	-61.78%	41.38%
HONG KONG	-	-	-	-	5.21M	1.27M
HONG KONG Growth	-	-	-	-	-	-75.66%
Other Countries Member	-	-	-	-	4.36M	1.2M
Other Countries Member Growth	-	-	-	-	-	-72.58%
OtherCountriesMember	-	-	-	5.32M	-	-
OtherCountriesMember Growth	-	-	-	-	-	-
U	-	-	89.12M	-	-	-
U Growth	-	-	-	-	-	-
J	-	-	3.74M	-	-	-
J Growth	-	-	-	-	-	-
Other Countries	789.36K	1.2M	163.41K	-	-	-
Other Countries Growth	-	51.72%	-86.36%	-	-	-

Frequently Asked Questions

Growth & Financials

Jerash Holdings (US), Inc. (JRSH) reported $42.07B in revenue for fiscal year 2024. This represents a 98034% increase from $42.9M in 2014.

Jerash Holdings (US), Inc. (JRSH) grew revenue by 24.4% over the past year. This is strong growth.

Yes, Jerash Holdings (US), Inc. (JRSH) is profitable, generating $479.5M in net income for fiscal year 2024 (-0.6% net margin).

Dividend & Returns

Yes, Jerash Holdings (US), Inc. (JRSH) pays a dividend with a yield of 6.45%. This makes it attractive for income-focused investors.

Jerash Holdings (US), Inc. (JRSH) has a return on equity (ROE) of -1.3%. Negative ROE indicates the company is unprofitable.

Jerash Holdings (US), Inc. (JRSH) had negative free cash flow of $3.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Jerash Holdings (US), Inc. (JRSH) 10-Year Financial Performance & Capital Metrics

JRSH • • Industrial / General

Consumer CyclicalApparel ManufacturingOutdoor & Performance ApparelActivewear & Sports Brands

Revenue $146M +24.4%
EBITDA $5M +79.2%
Net Income -$848K +57.7%
EPS (Diluted) -0.07 +57.0%
Gross Margin 15.31% +6.1%
EBITDA Margin 3.24% +44.0%
Operating Margin 0.99% +274.9%
Net Margin -0.58% +66.0%
ROE -1.33% +55.9%
ROIC 2.02% +310.6%
Debt/Equity 0.08 +432.6%
Interest Coverage 0.84 +252.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.6x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Negative free cash flow
✗Thin 5Y average net margin of 1.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.02%

5Y9.41%

3Y0.57%

TTM32196.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13575.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM118.07%

ROCE

10Y Avg23.27%

5Y Avg6.61%

3Y Avg2.51%

Latest2.22%

Peer Comparison

Activewear & Sports Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
UAUnder Armour, Inc.	1.12B	5.58	-11.87	-9.43%	0.68%	1.95%	0.69
UAAUnder Armour, Inc.	1.09B	5.76	-12.26	-9.43%	1.99%	5.42%	0.69
JRSHJerash Holdings (US), Inc.	39.24M	3.09	-44.91	24.43%	1.14%	7.63%	0.08

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	52.56M	62.04M	69.3M	84.98M	93.02M	90.21M	143.35M	138.06M	117.19M	145.81M
Revenue Growth %	0.23%	0.18%	0.12%	0.23%	0.09%	-0.03%	0.59%	-0.04%	-0.15%	0.24%
Cost of Goods Sold+	39.91M	46.64M	51.34M	66.21M	75.04M	74.21M	116.02M	116.27M	100.28M	123.49M
COGS % of Revenue	0.76%	0.75%	0.74%	0.78%	0.81%	0.82%	0.81%	0.84%	0.86%	0.85%
Gross Profit+	12.65M	15.4M	17.95M	18.78M	17.98M	16M	27.33M	21.79M	16.9M	22.32M
Gross Margin %	0.24%	0.25%	0.26%	0.22%	0.19%	0.18%	0.19%	0.16%	0.14%	0.15%
Gross Profit Growth %	0.65%	0.22%	0.17%	0.05%	-0.04%	-0.11%	0.71%	-0.2%	-0.22%	0.32%
Operating Expenses+	3.57M	4.71M	6.12M	12.43M	10.32M	10.61M	16.84M	17.37M	17.57M	20.87M
OpEx % of Revenue	0.07%	0.08%	0.09%	0.15%	0.11%	0.12%	0.12%	0.13%	0.15%	0.14%
Selling, General & Admin	3.57M	4.71M	6.12M	12.43M	10.32M	10.61M	16.84M	17.37M	17.57M	20.87M
SG&A % of Revenue	0.07%	0.08%	0.09%	0.15%	0.11%	0.12%	0.12%	0.13%	0.15%	0.14%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-31.37K	23.8K	0	0	0	0	0	0
Operating Income+	9.07M	10.7M	11.83M	6.35M	7.67M	5.39M	10.49M	4.41M	-664.96K	1.45M
Operating Margin %	0.17%	0.17%	0.17%	0.07%	0.08%	0.06%	0.07%	0.03%	-0.01%	0.01%
Operating Income Growth %	0.92%	0.18%	0.11%	-0.46%	0.21%	-0.3%	0.95%	-0.58%	-1.15%	3.18%
EBITDA+	10.08M	12.02M	13.05M	7.6M	9.66M	7.94M	13.44M	7.83M	2.63M	4.72M
EBITDA Margin %	0.19%	0.19%	0.19%	0.09%	0.1%	0.09%	0.09%	0.06%	0.02%	0.03%
EBITDA Growth %	0.85%	0.19%	0.09%	-0.42%	0.27%	-0.18%	0.69%	-0.42%	-0.66%	0.79%
D&A (Non-Cash Add-back)	1.01M	1.32M	1.22M	1.26M	1.99M	2.55M	2.95M	3.42M	3.3M	3.27M
EBIT	9.01M	10.65M	11.83M	6.37M	7.67M	5.39M	10.49M	4.85M	-165.84K	1.87M
Net Interest Income+	0	0	0	0	0	0	-210.58K	-768.13K	-1.2M	-1.72M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	210.58K	768.13K	1.2M	1.72M
Other Income/Expense	-65.37K	-50.32K	-31.37K	23.8K	-21.12K	108.51K	-44.68K	-331.13K	-704.48K	-1.3M
Pretax Income+	9.01M	10.65M	11.8M	6.37M	7.64M	5.5M	10.44M	4.08M	-1.37M	151.19K
Pretax Margin %	0.17%	0.17%	0.17%	0.07%	0.08%	0.06%	0.07%	0.03%	-0.01%	0%
Income Tax+	-66.2K	-44.61K	1.4M	1.26M	1.17M	1.35M	2.52M	1.66M	672.5K	991.12K
Effective Tax Rate %	1.01%	1%	0.88%	0.8%	0.85%	0.76%	0.76%	0.59%	1.46%	-5.61%
Net Income+	9.08M	10.69M	10.41M	5.11M	6.48M	4.15M	7.92M	2.42M	-2.01M	-848.37K
Net Margin %	0.17%	0.17%	0.15%	0.06%	0.07%	0.05%	0.06%	0.02%	-0.02%	-0.01%
Net Income Growth %	0.9%	0.18%	-0.03%	-0.51%	0.27%	-0.36%	0.91%	-0.69%	-1.83%	0.58%
Net Income (Continuing)	9.01M	10.65M	10.4M	5.11M	6.47M	4.15M	7.92M	2.42M	-2.04M	-839.93K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	362.1K	316.6K	309.6K	309K	303.21K	0	0	0	44.34K	52.78K
EPS (Diluted)+	0.69	0.82	0.92	0.45	0.57	0.37	0.67	0.19	-0.16	-0.07
EPS Growth %	0.92%	0.19%	0.12%	-0.51%	0.27%	-0.35%	0.81%	-0.72%	-1.84%	0.57%
EPS (Basic)	0.80	0.94	0.92	0.46	0.57	0.37	0.67	0.19	-0.16	-0.07
Diluted Shares Outstanding	13.07M	13.07M	11.32M	11.33M	11.44M	11.33M	11.9M	12.68M	12.29M	12.33M
Basic Shares Outstanding	11.32M	11.32M	11.32M	11.2M	11.32M	11.33M	11.82M	12.64M	12.29M	12.33M
Dividend Payout Ratio	-	0.5%	-	0.22%	0.35%	0.55%	0.3%	1.03%	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	20.56M	30.26M	36.85M	55.35M	58.98M	64.65M	69.87M	57.28M	50.92M	54.42M
Cash & Short-Term Investments	2.82M	3.65M	8.6M	27.18M	26.13M	21.84M	25.68M	17.8M	12.43M	13.35M
Cash Only	2.82M	3.65M	8.6M	27.18M	26.13M	21.84M	25.18M	17.8M	12.43M	13.35M
Short-Term Investments	0	0	0	0	0	0	500K	0	0	0
Accounts Receivable	0	6.15M	5.3M	4.02M	5.34M	12.41M	11.42M	2.34M	5.42M	3.08M
Days Sales Outstanding	-	36.18	27.9	17.27	20.94	50.22	29.09	6.2	16.87	7.7
Inventory	16.51M	19.15M	21.42M	21.52M	24.75M	28.07M	29.54M	34.19M	30.33M	34.35M
Days Inventory Outstanding	150.99	149.89	152.29	118.63	120.39	138.07	92.93	107.33	110.38	101.52
Other Current Assets	1.22M	1.3M	1.53M	2.63M	2.76M	2.33M	3.23M	2.95M	2.75M	3.65M
Total Non-Current Assets+	4.46M	3.64M	6.42M	3.9M	8.5M	8.59M	15.44M	26.44M	29.33M	30.53M
Property, Plant & Equipment	3.99M	3.16M	2.82M	2.36M	7.32M	7.3M	12.76M	23.33M	26.26M	25.87M
Fixed Asset Turnover	13.19x	19.63x	24.58x	36.07x	12.71x	12.36x	11.24x	5.92x	4.46x	5.64x
Goodwill	0	0	0	0	0	0	499.28K	499.28K	499.28K	499.28K
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	479.61K	478.39K	3.6M	1.46M	1.04M	1.15M	1.83M	2.45M	1.61M	1.72M
Other Non-Current Assets	0	0	0	0	0	0	0	0	802.3K	464.93K
Total Assets+	25.02M	33.9M	43.27M	59.25M	67.48M	73.25M	85.31M	83.72M	80.25M	84.95M
Asset Turnover	2.10x	1.83x	1.60x	1.43x	1.38x	1.23x	1.68x	1.65x	1.46x	1.72x
Asset Growth %	0.21%	0.35%	0.28%	0.37%	0.14%	0.09%	0.16%	-0.02%	-0.04%	0.06%
Total Current Liabilities+	8.3M	11.88M	7.92M	7.59M	10.85M	14.83M	14.14M	14.45M	14.78M	19.82M
Accounts Payable	6.16M	10.25M	4.78M	3.38M	6.38M	7.92M	4.84M	5.78M	6.34M	6.51M
Days Payables Outstanding	56.31	80.24	33.96	18.62	31.01	38.97	15.23	18.15	23.08	19.23
Short-Term Debt	0	0	980.2K	648.71K	210.32K	1.01M	739.1K	481.5K	370.8K	4.85M
Deferred Revenue (Current)	0	0	0	0	0	0	0	928.39K	10.2K	487K
Other Current Liabilities	2.15M	1.63M	2.05M	2.39M	3.18M	4.09M	5.69M	4.41M	6.41M	6.67M
Current Ratio	2.48x	2.55x	4.65x	7.30x	5.44x	4.36x	4.94x	3.97x	3.45x	2.75x
Quick Ratio	0.49x	0.93x	1.95x	4.46x	3.15x	2.47x	2.85x	1.60x	1.39x	1.01x
Cash Conversion Cycle	-	105.82	146.23	117.27	110.31	149.32	106.79	95.37	104.18	89.99
Total Non-Current Liabilities+	0	0	1.29M	1.4M	1.88M	2.03M	1.87M	1.04M	1.04M	2.26M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	649.93K	869.31K	869.31K	287.25K	618.3K	287.53K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	1.98M
Other Non-Current Liabilities	0	0	1.29M	1.4M	1.23M	1.16M	1M	751.41K	417.45K	0
Total Liabilities	8.3M	11.88M	9.21M	8.99M	12.73M	16.86M	16.01M	15.49M	15.81M	22.08M
Total Debt+	0	0	980.2K	648.71K	860.25K	1.88M	1.61M	768.75K	989.1K	5.14M
Net Debt	-2.82M	-3.65M	-7.62M	-26.53M	-25.27M	-19.96M	-23.57M	-17.03M	-11.44M	-8.21M
Debt / Equity	-	-	0.03x	0.01x	0.02x	0.03x	0.02x	0.01x	0.02x	0.08x
Debt / EBITDA	-	-	0.08x	0.09x	0.09x	0.24x	0.12x	0.10x	0.38x	1.09x
Net Debt / EBITDA	-0.28x	-0.30x	-0.58x	-3.49x	-2.62x	-2.51x	-1.75x	-2.17x	-4.34x	-1.74x
Interest Coverage	-	-	-	-	-	-	49.81x	5.75x	-0.55x	0.84x
Total Equity+	16.72M	22.02M	34.06M	50.26M	54.75M	56.39M	69.3M	68.23M	64.43M	62.87M
Equity Growth %	1.18%	0.32%	0.55%	0.48%	0.09%	0.03%	0.23%	-0.02%	-0.06%	-0.02%
Book Value per Share	1.28	1.68	3.01	4.44	4.78	4.98	5.83	5.38	5.24	5.10
Total Shareholders' Equity	16.36M	21.7M	33.75M	49.95M	54.45M	56.39M	69.3M	68.23M	64.39M	62.82M
Common Stock	8.79K	8.79K	9.89K	11.32K	11.32K	11.33K	12.33K	12.53K	12.53K	12.94K
Retained Earnings	15.15M	20.54M	30.95M	34.79M	39M	40.75M	46.27M	46.17M	41.7M	38.4M
Treasury Stock	0	0	0	0	0	0	0	-1.17M	-1.17M	-1.17M
Accumulated OCI	102.39K	63.3K	47.2K	198.3K	204.41K	330.41K	506.47K	287.62K	-78.5K	-99.3K
Minority Interest	362.1K	316.6K	309.6K	309K	303.21K	0	0	0	44.34K	52.78K

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	2.31M	7.68M	5.16M	9.78M	6.91M	-1.5M	8.96M	10.81M	2.48M	1.36M
Operating CF Margin %	0.04%	0.12%	0.07%	0.12%	0.07%	-0.02%	0.06%	0.08%	0.02%	0.01%
Operating CF Growth %	-0.22%	2.32%	-0.33%	0.89%	-0.29%	-1.22%	6.98%	0.21%	-0.77%	-0.45%
Net Income	9.01M	10.65M	10.4M	5.11M	6.48M	4.15M	7.92M	2.42M	-2.01M	-848.37K
Depreciation & Amortization	1.01M	1.32M	1.22M	1.26M	1.99M	2.55M	2.95M	3.42M	3.3M	3.27M
Stock-Based Compensation	0	0	116.58K	3.59M	0	66.25K	947.08K	413.9K	986.05K	0
Deferred Taxes	0	0	0	-81.46M	0	0	-203.93B	198.72K	0	0
Other Non-Cash Items	52.29K	6.3M	10.48M	81.46M	279.11K	-124.89K	203.93B	-198.72K	-2.12M	1.92M
Working Capital Changes	-7.76M	-4.29M	-6.57M	-185.96K	-1.84M	-8.14M	-3.08M	4.55M	2.33M	-2.99M
Change in Receivables	25.57K	-5.12M	-179.49K	1.28M	-1.32M	-6.7M	762.61K	8.81M	-2.9M	2.36M
Change in Inventory	-2.86M	-2.68M	-1.15M	-770.72K	-3.23M	-2.4M	-3.22M	-4.4M	3.86M	-4.02M
Change in Payables	-4.64M	4.11M	-5.47M	-1.4M	3M	1.55M	-3.08M	942.35K	0	167.07K
Cash from Investing+	-2.36M	-828.57K	-541.2K	-1.6M	-4.93M	-894.26K	-8.67M	-13.78M	-5.14M	-2.37M
Capital Expenditures	-2.36M	-491.63K	-877.94K	-791K	-4.68M	-890.46K	-5.05M	-5.81M	-4.84M	-2.04M
CapEx % of Revenue	0.04%	0.01%	0.01%	0.01%	0.05%	0.01%	0.04%	0.04%	0.04%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-336.94K	336.75K	-430.11K	0	0	-419.6K	-668.34K	-300.76K	-329.33K
Cash from Financing+	0	-6M	324.95K	7.47M	-2.91M	-1.65M	3.29M	-3.95M	-2.43M	2.05M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-5.31M	0	-1.13M	-2.27M	-2.27M	-2.37M	-2.48M	-2.46M	-2.46M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-692.5K	-655.45K	8.6M	0	-1.76K	-1.76K	-300.17K	31.36K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-48.67K	7.19M	4.29M	8.98M	2.23M	-2.39M	3.91M	5M	-2.36M	-675.97K
FCF Margin %	-0%	0.12%	0.06%	0.11%	0.02%	-0.03%	0.03%	0.04%	-0.02%	-0%
FCF Growth %	-1.03%	148.65%	-0.4%	1.1%	-0.75%	-2.07%	2.64%	0.28%	-1.47%	0.71%
FCF per Share	-0.00	0.55	0.38	0.79	0.20	-0.21	0.33	0.39	-0.19	-0.05
FCF Conversion (FCF/Net Income)	0.25x	0.72x	0.50x	1.91x	1.07x	-0.36x	1.13x	4.47x	-1.24x	-1.61x
Interest Paid	0	0	0	90.87K	0	0	210.58K	768.13K	1.2M	0
Taxes Paid	0	0	0	175K	0	773.32K	1.76M	1.75M	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	74.42%	55.21%	37.13%	12.13%	12.33%	7.47%	12.6%	3.52%	-3.02%	-1.33%
Return on Invested Capital (ROIC)	72.8%	49.75%	39.62%	18.98%	21.61%	12.26%	19.15%	6.83%	-0.96%	2.02%
Gross Margin	24.06%	24.83%	25.91%	22.09%	19.33%	17.73%	19.07%	15.78%	14.42%	15.31%
Net Margin	17.27%	17.23%	15.02%	6.02%	6.96%	4.6%	5.52%	1.75%	-1.71%	-0.58%
Debt / Equity	-	-	0.03x	0.01x	0.02x	0.03x	0.02x	0.01x	0.02x	0.08x
Interest Coverage	-	-	-	-	-	-	49.81x	5.75x	-0.55x	0.84x
FCF Conversion	0.25x	0.72x	0.50x	1.91x	1.07x	-0.36x	1.13x	4.47x	-1.24x	-1.61x
Revenue Growth	22.59%	18.04%	11.69%	22.64%	9.46%	-3.02%	58.91%	-3.69%	-15.12%	24.43%

Revenue by Geography

	2017	2018	2019	2020	2023	2024
UNITED STATES	61.24M	70.09M	-	79.19M	102.52M	128.58M
UNITED STATES Growth	-	14.46%	-	-	29.46%	25.42%
CHINA	-	-	-	-	-	7.67M
CHINA Growth	-	-	-	-	-	-
GERMANY	-	-	-	-	2.92M	4.02M
GERMANY Growth	-	-	-	-	-	37.60%
JORDAN	7.27M	13.69M	-	5.7M	2.18M	3.08M
JORDAN Growth	-	88.41%	-	-	-61.78%	41.38%
HONG KONG	-	-	-	-	5.21M	1.27M
HONG KONG Growth	-	-	-	-	-	-75.66%
Other Countries Member	-	-	-	-	4.36M	1.2M
Other Countries Member Growth	-	-	-	-	-	-72.58%
OtherCountriesMember	-	-	-	5.32M	-	-
OtherCountriesMember Growth	-	-	-	-	-	-
U	-	-	89.12M	-	-	-
U Growth	-	-	-	-	-	-
J	-	-	3.74M	-	-	-
J Growth	-	-	-	-	-	-
Other Countries	789.36K	1.2M	163.41K	-	-	-
Other Countries Growth	-	51.72%	-86.36%	-	-	-

Frequently Asked Questions

Growth & Financials

Jerash Holdings (US), Inc. (JRSH) reported $42.07B in revenue for fiscal year 2024. This represents a 98034% increase from $42.9M in 2014.

Jerash Holdings (US), Inc. (JRSH) grew revenue by 24.4% over the past year. This is strong growth.

Yes, Jerash Holdings (US), Inc. (JRSH) is profitable, generating $479.5M in net income for fiscal year 2024 (-0.6% net margin).

Dividend & Returns

Yes, Jerash Holdings (US), Inc. (JRSH) pays a dividend with a yield of 6.45%. This makes it attractive for income-focused investors.

Jerash Holdings (US), Inc. (JRSH) has a return on equity (ROE) of -1.3%. Negative ROE indicates the company is unprofitable.

Jerash Holdings (US), Inc. (JRSH) had negative free cash flow of $3.0M in fiscal year 2024, likely due to heavy capital investments.