JRSH | Market Cap: $60.1M (07/13/26)
Industry:
Consumer Goods

DESCRIPTION

Jerash is a contract garment manufacturer based in Jordan that produces sportswear and outerwear for global brands. The company manufactures items such as jackets, polo shirts, and pants using fabric from its own facilities. Jerash does not sell under its own brands but functions as a manufacturer for third-party retailers including VF Corporation, New Balance, G-III, and American Eagle. VF Corporation is by far the largest customer and accounts for a significant portion of total production. Jerash operates several manufacturing facilities in Jordan with approximately 6,300 employees and an annual production capacity of 24 million pieces. The business model relies on filling rolling purchase orders rather than long-term supply contracts. Capacity utilization and production volume drive profitability due to the company's high fixed-cost base. Jerash uses Jordan’s free trade agreements and government partnerships to access low-cost labor and subsidized factory space. The company's growth strategy focuses on a phased expansion of production capacity and the diversification of its customer base to reduce reliance on its largest clients. The company adds production lines at existing sites and opens new satellite factories to increase total output. Jerash is also integrating new large-scale customers, such as Hansoll Group, to support this diversification.

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