Jerai Fitness Limited Unlisted share Price
The demand for premium fitness equipment in India has grown rapidly over the past decade, and one of the strongest contributors to this growth story is Jerai Fitness Limited. Known for its high-quality gym equipment, innovation, and pan-India dominance in strength training machines, the company has built a strong brand reputation across gyms, sports institutions, defence units, and international markets. Naturally, as the company gains visibility in the unlisted ecosystem, investors are actively tracking the Jerai Fitness Limited Unlisted share Price for potential long-term opportunities.
This page explains the latest insights about the company, its business strength, factors influencing its unlisted valuation, and what investors should know before buying these shares.
About Jerai Fitness Limited – A Leading Name in Indian Fitness Manufacturing
Jerai Fitness Limited has been a pioneer in India’s commercial fitness equipment sector for over 25 years. What started as a small, specialised manufacturing initiative has today grown into a respected brand known for reliability, engineering excellence, and Made-in-India innovation. The company manufactures a complete range of gym equipment including strength machines, functional trainers, benches, plates, dumbbells, and customised fitness setups.
Its customer base includes commercial gyms, government departments, defence units, rehabilitation centres, and fitness studios. With a strong distribution network and a reputation for durable, high-performance equipment, Jerai has positioned itself as a trusted partner for large institutional buyers.
This rising visibility has also increased market interest in the Jerai Fitness Limited Unlisted share Price, especially among investors seeking exposure to India’s fast-growing fitness and wellness sector.
Why Investors Are Tracking Jerai Fitness Limited Unlisted Share Price
In recent years, Jerai Fitness has shown steady growth supported by:
These strong business fundamentals make the Jerai Fitness Limited Unlisted share Price attractive for investors who are looking for early-stage opportunities with long-term potential.
Additionally, the company benefits from strong promoter ownership, zero public shareholding, and professionally driven expansion strategies—factors that often support stable unlisted market valuations.
What Influences the Jerai Fitness Limited Unlisted Share Price?
Like all unlisted shares, the Jerai Fitness Limited Unlisted share Price does not depend on live stock market fluctuations. Instead, it is influenced by:
1. Financial Performance
Growth in revenue, profits, margins, and operating efficiency directly impact valuation. As the company scales its operations and adds new product lines, investors monitor these numbers closely.
2. Market Demand for Fitness Equipment
The fitness and wellness industry in India is growing rapidly. A strong sector outlook can positively affect investor sentiment toward Jerai’s unlisted shares.
3. Institutional Orders & Partnerships
Contracts with defence organisations, gym chains, and corporates boost confidence in the company’s long-term revenue visibility.
4. Expansion Plans & Capacity Utilisation
Manufacturing upgrades, capacity expansion, and export growth can influence the unlisted share price.
5. Supply-Demand Dynamics in the Unlisted Market
If more investors want to accumulate the stock and fewer sellers are available, the unlisted share price tends to rise.
Benefits of Investing in Jerai Fitness Limited Unlisted Shares
✔ Strong Brand Reputation
Jerai is one of the most trusted names in India’s commercial fitness equipment sector.
✔ Consistent Industry Growth
Rising demand for fitness solutions provides a long runway for expansion.
✔ Attractive Valuation in Unlisted Market
Compared to future listed peers, early investors often benefit from lower entry pricing.
✔ Promoter Stability
The company is fully promoter-owned, ensuring strong leadership alignment and retained control.
✔ Potential Upside if Company Plans Listing
If Jerai Fitness ever evaluates an IPO, today’s investors may benefit significantly.
Risks Associated with Investing in Unlisted Shares
Every investment comes with risks, and unlisted shares are no exception.
✖ Limited Liquidity
Unlisted shares cannot be sold instantly like listed stocks.
✖ Price Transparency
Unlisted share prices vary among brokers and depend on market demand.
✖ Business Competition
The fitness equipment market is competitive, with domestic and international players.
✖ No Guaranteed Listing Timeline
There is no certainty on when or if the company will decide to file for an IPO.
Understanding these risks helps investors make informed decisions when evaluating the Jerai Fitness Limited Unlisted share Price.
How to Buy Jerai Fitness Limited Unlisted Shares?
Buying unlisted shares is a simple process:
Always remember to verify prices, check seller credibility, and understand transfer timelines before investing.
Read More| P&L Statement | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Interest Earned | 0.05 | 0.06 | 0.08 | 0.10 | 0.12 |
| Other Income | 0.15 | 0.17 | 0.20 | 0.22 | 0.28 |
| Interest Expended | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 13.40 | 14.90 | 17.10 | 19.80 | 22.40 |
| Provisions and contingencies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 2.10 | 2.40 | 3.20 | 3.95 | 4.60 |
| EPS | 5.60 | 6.10 | 8.60 | 10.70 | 12.40 |
| Gross NPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net NPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Ratios | 2023 | 2024 | 2025 |
|---|---|---|---|
| Advances | 1.70 | 1.90 | 2.10 |
| Book Value | 36.11 | 46.42 | 59.75 |
| P/B | 6.64 | 6.46 | 5.85 |
| ROE(%) | 25.73 | 24.98 | 25.12 |
| Balance Sheet | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Fixed Assets | 15.10 | 15.90 | 16.80 | 17.20 | 18.40 |
| Cash and Balances | 0.75 | 0.88 | 0.95 | 1.10 | 1.25 |
| Investments | 0.40 | 0.45 | 0.48 | 0.55 | 0.60 |
| Advances | 1.40 | 1.55 | 1.70 | 1.90 | 2.10 |
| Other Assets | 2.35 | 2.60 | 2.85 | 3.10 | 3.40 |
| Total Assets | 20 | 21.38 | 22.78 | 23.85 | 25.75 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 175.00 | 175.00 | 175.00 |
| FV | 10.00 | 10.00 | 10.00 |
| Reserves | 456.98 | 637.33 | 870.65 |
| Borrowings | 77.77 | 19.86 | 14.85 |
| Deposits | 0 | 0 | 0 |
| Other Liabilities | 359.71 | 382.25 | 495.75 |
| Total Liabilities | 1079.46 | 1224.44 | 1566.25 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 210.50 | 242.80 | 313.20 |
| OPBWC | 36.50 | 39.20 | 42.10 |
| Term Deposit | -1.30 | -1.70 | -2.40 |
| Change in Investment | -1.20 | -1.40 | -1.80 |
| Change in Advances | -0.25 | -0.30 | -0.40 |
| Change in Deposit | -0.10 | -0.10 | -0.20 |
| Other Changes | 3.20 | 4.10 | 3.60 |
| Working Capital Change | -48.10 | -58.40 | -65.80 |
| Cash Generated From Operations | 199.95 | 224.60 | 245.70 |
| Tax | -53.70 | -62.30 | -79.90 |
| Cash Flow From Operations | 146.25 | 162.30 | 165.80 |
| Purchase of PPE | -30.10 | -32.40 | -38.60 |
| Sale of PPE | 0.00 | 0.00 | 0.00 |
| Purchase of Investment | -2.40 | -3.20 | -4.00 |
| Sale of investments | 0.40 | 0.60 | 1.20 |
| Others | 0.60 | 0.80 | 0.90 |
| Cash flow from Investment | -31.50 | -34.20 | -40.50 |
| Proceeds from Borrowing | 20.50 | 9.50 | 12.20 |
| Repayment of Borrowing | -15.30 | -12.90 | -16.00 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Proceeds from Equity | 0.00 | 0.00 | 0.00 |
| Others From Financing | -1.80 | -2.40 | -2.80 |
| Cash Flow from Financing | 3.40 | -5.80 | -6.60 |
| Net Cash Generated | 117.65 | 122.20 | 118.70 |
| Cash at the Start | 85.60 | 103.20 | 125.40 |
| Cash at the End | 203.25 | 225.40 | 244.10 |
Data not found
| Particulars (cr) | Revenue (FY2024) | EPS (FY2024) | Mcap (15.03.24) | P/E (15.03.24) |
|---|---|---|---|---|
| Fitline India | 310.00 | 18.40 | 1850.00 | 28.2x |
| Aerofit Healthcare | 195.00 | 11.20 | 1020.00 | 24.1x |
| Fitness World India | 160.00 | 9.60 | 780.00 | 22.4x |
| Jerai Fitness Ltd | 224.00 | 12.40 | 612.00 | 28.2x |
Received recognition for equipment quality and innovation.
Signed athletes/bodybuilders as ambassadors.
Upgraded plant with CNC and robotic welding tech.
Launched advanced Made in India strength equipment line.
Became an approved supplier for Indian Armed Forces.
Jerai began exporting gym equipment to Middle East & South Asian markets.
Jerai introduced its first full-range commercial gym lineup.
The company was formally incorporated and began manufacturing strength training and gym equipment in India.
| Name | Designation | Experience | Social Profile |
|---|---|---|---|
| Rajesh Ramsukh Rai | Chairman & MD | 30 | |
| Rinku Rajesh Rai | Whole-Time Director | 20 | |
| Ruturaj Rajesh Rai | Whole-Time Director | 10 | |
| Atul Ramsukh Rai | Non-Executive Director | 25 |
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