Jash order book reaches ₹955 crore, led by overseas work

Jash Engineering Limited reported a consolidated order book of ₹955 crore on November 1, 2026, of which ₹625 crore was outside India and ₹391 crore sat with Rodney Hunt Inc. The disclosed backlog, net of inter-company orders, exceeded the company’s ₹875 crore consolidated sales outlook for FY26-27 and identifies international work as its larger geographic component.

How is Jash’s ₹955 crore order book split geographically?

Jash’s order book was split between ₹625 crore outside India and ₹330 crore within India as of November 1, 2026. International orders were therefore ₹295 crore higher than domestic orders, making overseas markets the larger disclosed component of the consolidated backlog.

The order-book total is a combined number after deducting inter-company orders, according to Jash’s note. That treatment means the individual company figures cannot be added directly to recreate the ₹955 crore consolidated total: the listed company-level order books total ₹1,042 crore before the effect of inter-company orders.

Jash said its execution during Q2 FY27 covered India, the United States, the United Kingdom, Saudi Arabia, Hongkong, Vietnam and Thailand. The projects spanned wastewater treatment, water-control infrastructure and industrial applications, while the ₹625 crore international backlog provides the specific disclosed measure of work outside India.

Which Jash subsidiary has the largest disclosed backlog?

Jash Engineering Ltd. had the largest listed company order book at ₹561 crore, followed by Rodney Hunt Inc. at ₹391 crore on November 1, 2026. Jash Process Equipment Pvt. Ltd. held ₹32 crore, Waterfront Fluid Controls Ltd. held ₹31 crore, and Mahr Maschinenbau GmbH held ₹27 crore.

Rodney Hunt’s ₹391 crore backlog accompanied H1 FY27 revenue of ₹117 crore, compared with ₹100 crore in H1 FY26. Its reported loss after tax narrowed to ₹4 crore in H1 FY27 from ₹15 crore a year earlier, while its order book remained the second-largest listed unit-level figure.

Jash Engineering Ltd.’s H1 FY27 revenue was ₹227 crore, up from ₹208 crore in H1 FY26, and its profit after tax rose to ₹26 crore from ₹22 crore. Its ₹561 crore listed order book was ₹170 crore above Rodney Hunt’s ₹391 crore, although both amounts form part of a consolidated number adjusted for inter-company orders.

What additional orders are in Jash’s pipeline?

Jash disclosed ₹46 crore of orders already negotiated and a further ₹129 crore under negotiation as of November 1, 2026. The already-negotiated pool comprised ₹38 crore in India and ₹8 crore outside India, while the under-negotiation pool comprised ₹119 crore in India and ₹10 crore outside India.

The two pipeline categories together amounted to ₹175 crore, but they were disclosed separately from the ₹955 crore order book. The presentation does not state that either the ₹46 crore already negotiated amount or the ₹129 crore under-negotiation amount had been booked, so they should not be treated as part of reported backlog.

The geographic pattern in the pipeline differs from the existing order book. India accounted for ₹157 crore of the ₹175 crore combined pipeline categories, whereas outside India accounted for ₹18 crore; by contrast, outside India accounted for ₹625 crore of the existing ₹955 crore order book.

How does Jash’s order book compare with its sales outlook?

Jash’s ₹955 crore order book was ₹80 crore above its ₹875 crore consolidated sales outlook for FY26-27. The outlook assigns ₹555 crore to outside India and ₹320 crore to India, retaining an overseas-led sales mix, though it is an outlook rather than reported revenue.

The company-level sales outlook lists ₹530 crore for Jash Engineering Ltd., ₹330 crore for Rodney Hunt Inc., ₹60 crore for Waterfront Fluid Controls Ltd., ₹40 crore for Jash Process Equipment Pvt. Ltd. and ₹15 crore for Mahr Maschinenbau GmbH. These unit figures total ₹975 crore, while the consolidated outlook is ₹875 crore after the deduction of inter-company sales.

For operating context, consolidated revenue from operations reached ₹342.39 crore in H1 FY27, compared with ₹285.15 crore in H1 FY26. Total income was ₹350.93 crore in H1 FY27, and profit after tax was ₹19.63 crore, versus ₹5.80 crore in the prior-year half.

What does Jash’s first-half performance say about execution?

Jash reported H1 FY27 revenue of ₹351 crore, up 20% year on year from ₹293 crore, according to its snapshot presentation. Gross profit increased 32% to ₹211 crore, while gross margin rose to 60% from 55% in H1 FY26.

Earnings before interest, tax, depreciation and amortisation, or EBITDA, increased 75% to ₹42 crore in H1 FY27 from ₹24 crore in H1 FY26. The EBITDA margin was 12%, compared with 8%, while profit after tax increased to ₹20 crore from ₹6 crore and the reported margin moved to 6% from 2%.

The second quarter contributed ₹194.94 crore of total income and ₹14.54 crore of profit after tax, compared with ₹159.59 crore and ₹10.97 crore respectively in Q2 FY26. Management said it expected H2 FY27 to deliver performance in line with projections made at the beginning of the year, citing the order pipeline and revenue visibility.

Conclusion

Jash’s November 1, 2026 disclosure provides visibility into a ₹955 crore consolidated backlog that is weighted toward ₹625 crore of international work. Jash Engineering Ltd. accounts for the largest listed unit backlog at ₹561 crore, while Rodney Hunt Inc. accounts for ₹391 crore and reported H1 FY27 revenue growth to ₹117 crore.

Next, investors can watch whether the ₹46 crore already negotiated pipeline converts into booked orders, whether the ₹129 crore under negotiation advances, and whether Jash delivers its ₹875 crore FY26-27 consolidated sales outlook. Management’s stated expectation is for H2 FY27 performance in line with its beginning-of-year projections.