Customer Concentration Risk: Jerash Holdings is highly dependent on a limited number of major customers, and the loss of any key customer or a significant reduction in their orders could materially impact revenues and profitability.

Geopolitical Instability Risk: Operating primarily in Jordan, the company is exposed to political, economic, and social instability in the broader Middle East region, which could disrupt operations, supply chains, or demand.

Supply Chain Disruption & Cost Volatility Risk: Reliance on imported raw materials and global shipping exposes the company to disruptions in the supply chain and volatility in material and freight costs, which can impact margins and delivery schedules.