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JSRDYNAMICS· ISIN INE0JFD01014· Nagpur, Maharashtra, India· Est. 2018 Verified
JSR Dynamics Limited logo

JSR Dynamics Limited

Defence & Aerospace
₹11,950+0.00%

vs. prev. close ₹11,950

52W High

₹13,000

52W Low

₹8,490

Market cap

₹2,692 Cr

IPO stage

No DRHP filed

Risk level

High

CIN

U29113MH2018PTC318834

Price History

52W High

₹13,000

52W Low

₹8,490

About JSR Dynamics Limited

JSR Dynamics Limited, a defence-technology company developing unmanned vehicles, missiles, and glide bombs under Chairman Air Marshal Shirish B. Deo (Retd), swung to a FY26 profit of Rs 230.93 lakh (EPS Rs 11.54, ROE 1.76%) from a Rs 218.03 lakh loss in FY25, while remaining pre-revenue and continuing to rely on non-operating income.

The Short Version :

JSR Dynamics Limited (formerly JSR Dynamics Private Limited), chaired by Air Marshal Shirish B. Deo (Retd), is a defence-technology company engaged in manufacturing and developing unmanned vehicles, unmanned aerial and combat vehicles, missiles, and glide bombs, along with related aerospace software, electronics, and control systems. The company remains pre-revenue; FY26 income was entirely non-operating (Rs 771.82 lakh, up from Rs 364.85 lakh in FY25), but the company swung to a profit of Rs 230.93 lakh from a loss of Rs 218.03 lakh in FY25. EPS came in at Rs 11.54 versus Rs (10.90), with ROE improving to 1.76% from -1.69%, and Total Equity growing modestly to Rs 131.34 crore from Rs 129.03 crore.


Why It Trades Where It Does :

The swing from loss to profit came almost entirely from below the operating line: the core business remains loss-making before tax adjustments (PBT of Rs 198.31 lakh in FY26, down from a much larger operating loss last year, but the FY25 loss was worse), and a deferred tax credit of Rs 32.61 lakh in FY26 (versus a deferred tax charge of Rs 20.18 lakh in FY25) helped tip the year into profit. Finance costs fell sharply to Rs 417.44 lakh from Rs 846.76 lakh, alongside a large reduction in long-term borrowings (Rs 275.58 crore to Rs 188.74 crore... wait, figures in lakh: Rs 2,755.77 lakh to Rs 1,887.45 lakh), even as short-term borrowings rose substantially (Rs 363.28 lakh to Rs 3,287.87 lakh), suggesting a shift toward shorter-tenure financing. Inventories grew to Rs 15,583.09 lakh from Rs 12,318.70 lakh, consistent with a defence-hardware manufacturer building out work-in-progress ahead of deliveries or certification milestones.


Top Risks :

  • The company remains pre-revenue with no sales from operations in FY26; profitability this year depended on non-operating income and a tax credit rather than a commercial business.

  • Short-term borrowings rose sharply (Rs 363.28 lakh to Rs 3,287.87 lakh) even as long-term borrowings fell, a shift toward shorter-tenure, potentially less stable financing.

  • Large and growing inventories (Rs 15,583.09 lakh) tied up in a pre-revenue business represent working capital risk if products remain uncertified or contracts are delayed.

Top Opportunities :

  • The swing to a full-year profit, even a modest one, is a directional improvement after a loss-making prior year.

  • Finance costs nearly halved year-on-year, indicating improved capital structure or debt management alongside the reduction in long-term borrowings.

  • The company's defence-technology focus (unmanned vehicles, glide bombs, missiles) remains aligned with India's continuing push for domestic defence manufacturing.


Disclaimer :

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Company Details

Industry

Defence & Aerospace

Founded

2018

Headquarters

Nagpur, Maharashtra, India

Min Lot Size

1

Face Value

₹10.00

Shares Outstanding

22,52,877

Regulatory Information

Corporate Identity Number (CIN)

U29113MH2018PTC318834

PAN Number

AAECJ4302P

ISIN

INE0JFD01014

Depository

NSDL & CDSL

Key Valuation Ratios

As of FY2026 Annual · updated 28 Sept 2026Derived

Valuation

Market Cap

₹2,692.19 Cr

P/E Ratio

1,165.80×

P/S Ratio

—

P/B Ratio

20.50×

EV / EBITDA

220.63×

Returns & Per Share

ROE

1.76%

EPS

₹11.54

Book Value / Share

₹656.58

Solvency

Debt / Equity

0.39×

Interest Coverage

1.48×

Company Fundamentals

As of FY2026 Annual · updated 28 Sept 2026

Gross Profit

₹-8.14 Cr

EBITDA

₹12.29 Cr

Revenue Growth

—

Profit Margin

—

Performance Trends

5 annual periods · derived from filed statements

As of FY2026 Annual · updated 28 Sept 2026

Revenue

₹ Cr

Net Profit

₹ Cr · losses in red

Earnings Per Share

₹ per share

Return on Equity

ROE %

Return on Capital Employed

ROCE %

Debt-to-Equity

0.39×

Interest Coverage

1.48×

Financial Statements

As of FY2026 Annual · updated 28 Sept 2026
Disclosed reportedDerived calculated
Line itemFY2022FY2023FY2024FY2025FY2026
Total Income
Revenue from operationsDisclosed0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh
Other incomeDisclosed114.74₹ Lakh98.05₹ Lakh107.98₹ Lakh364.85₹ Lakh771.82₹ Lakh
Total IncomeDerived114.74₹ Lakh98.05₹ Lakh107.98₹ Lakh364.85₹ Lakh771.82₹ Lakh
Expenses
Cost of goods soldDisclosed210.15₹ Lakh1,156.63₹ Lakh1,414.4₹ Lakh80.2₹ Lakh813.6₹ Lakh
Purchases of stock-in-tradeDisclosed0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh
Changes in inventoriesDisclosed-367.88₹ Lakh-2,596.13₹ Lakh-3,096.79₹ Lakh-1,722.82₹ Lakh-2,574.1₹ Lakh
Employee benefits expenseDisclosed78.57₹ Lakh394.03₹ Lakh395.5₹ Lakh410.22₹ Lakh637.55₹ Lakh
Finance costsDisclosed14.93₹ Lakh293.74₹ Lakh474.7₹ Lakh846.76₹ Lakh417.44₹ Lakh
Depreciation and amortization expenseDisclosed54.84₹ Lakh567.26₹ Lakh494.3₹ Lakh429.28₹ Lakh613.58₹ Lakh
Other expensesDisclosed73.69₹ Lakh277.24₹ Lakh417.63₹ Lakh519.06₹ Lakh665.43₹ Lakh
Total ExpensesDerived64.3₹ Lakh92.77₹ Lakh99.74₹ Lakh562.7₹ Lakh573.5₹ Lakh
Profit
Exceptional itemsDisclosed0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh
Profit before taxDerived50.44₹ Lakh5.28₹ Lakh8.24₹ Lakh-197.85₹ Lakh198.32₹ Lakh
Tax expenseDisclosed41.35₹ Lakh-62.99₹ Lakh1.8₹ Lakh20.18₹ Lakh-32.61₹ Lakh
Profit After TaxDerived9.09₹ Lakh68.27₹ Lakh6.44₹ Lakh-218.03₹ Lakh230.93₹ Lakh
Other comprehensive incomeDisclosed0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh0₹ Lakh
Total Comprehensive IncomeDerived9.09₹ Lakh68.27₹ Lakh6.44₹ Lakh-218.03₹ Lakh230.93₹ Lakh

Documents Library

Access all financial reports and filings

Annual Report

Annual report 2024

2024
0.7 MB

Annual Report 2023

2023
2.6 MB

Annual report 2026

2026
15.4 MB

Annual report 2022

2022
1.7 MB

Annual report 2025

2025
5.2 MB

Document

DOC-20260923-WA0011.pdf

0.3 MB

JSRDynamicsLimited_PAS-3_3.09Cr_2025-02-17.pdf

0.2 MB

JSRDynamicsLimited_ValuationReport_3.09Cr_2025-02-17.pdf

0.5 MB

JSR Dynamics - Board report - 2024-25

2025
1.3 MB

PAS 3 JSR FY26 Clarification.pdf

0.2 MB

JSR FY26 PAS 3 FORM.pdf

2026
4.1 MB

Valuation Report of JSR Dynamic others Valuation R

0.5 MB

Shareholding Pattern

Shirish Baban Deo

57.00%

Gautam Kale

8.10%

Kartlk Kale

8.10%

Prafulla Kale

8.10%

Rohlt Kale

8.10%

Mahesh Panwar

6.00%

Others

4.60%

S

Shirish Baban Deo

Chairman & MD

30+ Years

M

Mr. Prafulla Kale

Director

25+ Years

M

Mr. Gautam Kale

Director

20+ Years

Valuation Report of JSR Dynamic others Valuation Report

others
15/11/2024

Valuation Report of JSR Dynamic others Valuation Report

Valuation Report of JSR Dynamic others Valuation Report

others
15/11/2024

Valuation Report of JSR Dynamic others Valuation Report

Express buy interest

No commitment — the desk will reach out

Current Price

₹11,950
+0.00%
Min lot: 1
Price/share₹11,950
Quantity100
Estimated Total₹11,95,000

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

Talk to a Specialist

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52 Week Range
₹8,490
₹13,000

About JSR Dynamics Limited unlisted shares

Indicative · updated daily

JSR Dynamics Limited unlisted share price today

JSR Dynamics Limited unlisted share price today is ₹11,950 as of 12 November 2026.

What drives JSR Dynamics Limited's valuation

Key risks for JSR Dynamics Limited

Why JSR Dynamics Limited could be a good bet

JSR Dynamics Limited — frequently asked questions

What is the grey market price for JSR Dynamics Limited?

No IPO is currently announced for JSR Dynamics Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.

Has JSR Dynamics Limited filed for an IPO, and when might it list?

JSR Dynamics Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does JSR Dynamics Limited compare to its listed peers?

There is no closely comparable listed company for JSR Dynamics Limited in India today.

Is JSR Dynamics Limited on the SME or Mainboard IPO track?

JSR Dynamics Limited has not filed a draft red herring prospectus, so no IPO track is set yet.

What is JSR Dynamics Limited's CIN and registered office?

JSR Dynamics Limited's Corporate Identity Number is U29113MH2018PTC318834, registered at Nagpur, Maharashtra, India.

What is JSR Dynamics Limited's market capitalisation?

JSR Dynamics Limited's market capitalisation is approximately ₹2,692 crore, based on its current unlisted share price.

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