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Jamna Auto Industries Ltd (JAMNAAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520051 NSE: JAMNAAUTO Auto Ancillary | Small Cap | Jamna Auto Inds. Share Price

₹132.25 0.00 (0.00%)

As on 19-Jun'26 16:59

Jamna Auto Industries Ltd (JAMNAAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520051 NSE: JAMNAAUTO Auto Ancillary | Small Cap | Jamna Auto Inds. Share Price

₹132.25 0.00 (0.00%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,290 Cr.
Current Price
₹132.3
52-Week Low / High
₹88 / 153
TTM EPS
₹6.2
TTM Sales
₹2,539 Cr.
Book Value per Share
₹30.7
P/E Ratio
21.22
Lower than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
4.30
Lower than its 5-year historical median
Price to Sales (P/S)
2.08
In line with its 5-year historical median
EV/EBITDA
12.68
Lower than its 5-year historical median
Dividend Yield
1.59%
Profitability Efficiency
Return on Equity (ROE)
21.31%
Outperforms industry median
Return on Capital Employed (ROCE)
25.52%
Outperforms industry median
Return on Assets (ROA)
12.58%
Operating Profit Margin
13.8%
Net Profit Margin
9.55%
Gross Profit Margin
14.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-6.32%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.53%
Asset Quality
Promoter Holding
49.84%
Pledged shares (%) of Promoter's holding (%)
1.52%
Reserves
₹1,189 Cr.
Equity
₹40 Cr.
Face Value
₹1
All Time Low / High
₹0.10 / 152.50

Jamna Auto Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Jamna Auto Industries Ltd a good quality company?
Jamna Auto Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Jamna Auto Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jamna Auto Industries Ltd vs industry peers?
Jamna Auto Industries Ltd revenue CAGR is 15.87%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jamna Auto Industries Ltd?
Promoters hold 49.84% of the Jamna Auto Industries Ltd, with 1.52% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Jamna Auto Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.6% based on the current price.

DeciZen - make an informed investing decision on Jamna Auto Inds.

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jamna Auto Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 40.9%43%43.3%45.5%14.4%16.2%23%26.3%35.1%25.5%-
Value Creation
Index
1.92.12.12.30.00.20.60.91.60.8-

Growth Parameters

Sales 1,0921,0821,6092,0461,0591,0531,6492,2322,3612,2122,539
Sales YoY Gr.--0.9%48.7%27.2%-48.2%-0.6%56.7%35.3%5.8%-6.3%-
Adj EPS 1.92.63.23.51.223.346.35.36.2
YoY Gr.-38.8%20.7%11.1%-64.9%58.5%67.2%21.2%59%-15.9%-
BVPS (₹) 6.28.410.712.913.114.817.119.323.426.330.7
Adj Net
Profit
74.61041261394977.7130158251211249
Cash Flow from Ops. 89.441.981.62615.186.85.236774.8314-
Debt/CF from Ops. 0.21.70.7025.81.332.30.120.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.2%15.9%10.3%-6.3%
Adj EPS 12.2%33.8%17.4%-15.9%
BVPS17.5%15%15.5%12.8%
Share Price 14.3% 9.2% 7.8% 48.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
33.535.83329.69.51420.421.729.421.221.8
Op. Profit
Mgn %
10.313.71211.59.712.312.610.813.613.814.7
Net Profit
Mgn %
6.89.67.86.84.67.47.97.110.69.59.8
Debt to
Equity
0.10.20.100.30.20.200.20.10
Working Cap
Days
586170831401291219310715535
Cash Conv.
Cycle
241823428183876257676

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,0921,0821,6092,0461,0591,0531,6492,2322,3612,212
Operating Expenses + 9839341,4171,8119589241,4421,9922,0401,908
Manufacturing Costs126133177225110113170254272242
Material Costs7196461,0261,3366696451,0861,4931,5091,381
Employee Cost 8395121150108107119139159172
Other Costs 566091100716066105100113
Operating Profit 109148192234101128207240321304
Operating Profit Margin (%) 10.0%13.7%11.9%11.4%9.5%12.2%12.6%10.8%13.6%13.7%
Other Income + 4242413822156144829
Exceptional Items 0000000000
Interest 141318251574355
Depreciation 44463944393435384044
Profit Before Tax 9313117520369103175213324284
Tax 21275064212644557473
Profit After Tax 721041251404877130158250211
PAT Margin (%) 6.6%9.6%7.8%6.8%4.5%7.3%7.9%7.1%10.6%9.6%
Adjusted EPS (₹)1.82.63.23.51.21.93.34.06.35.3
Dividend Payout Ratio (%)30.20%26.80%27%27.10%33.30%38.90%45.80%48%38.30%39.70%

Valuation of Jamna Auto Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2463354275155225886817699311,050
Share Capital 40404040404040404040
Reserves 2062953874754825486417298911,011
Debt +96045112611516718151123
Long Term Debt582315100000
Short Term Debt4522307611516718151123
Minority Interest0000000000
Trade Payables1226315633136175191130185287
Others Liabilities 907310010290107107141278351
Total Liabilities 4685317289507759841,1451,0571,5451,813

Fixed Assets

Net Fixed Assets +203267272335323306379360395448
Gross Block475306344451471481586595653746
Accumulated Depreciation2723971116148175207235258298
CWIP 568313912712838429364
Investments 152613193849757882143
Inventories8287146199123193297307334298
Trade Receivables59481762327819127057201169
Cash Equivalents 68924438245178106
Others Assets 478781101827961163363586
Total Assets 4685317289507759841,1451,0571,5451,813

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 894282261587536775314
PBT 9313117520369103175213324284
Adjustment 1918183539303733127
Changes in Working Capital -13-63-5990-83-22-157171-18079
Tax Paid -10-45-53-67-19-24-49-49-70-75
Cash Flow From Investing Activity + -25-43-20-115-96-19-30-96-136-256
Capex -66-75-60-130-82-12-19-36-108-62
Net Investments 4126451712-0-00-5-4
Others 05-5-2-26-6-11-60-23-190
Cash Flow From Financing Activity + -654-60-13472-349-24687-29
Net Proceeds from Shares 1000001110
Net Proceeds from Borrowing -52819-3855-550000
Interest Paid -5-11-17-23-15-6-1-2-4-3
Dividend Paid -9-40-33-50-41-10-40-72-88-92
Others 048-30-23733750-17317965
Net Cash Flow 03112-1835-15252629

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)32.5435.8332.9129.719.2513.8320.5721.7729.4121.31
ROCE (%)40.9143.0443.2645.4714.3616.1622.9626.3135.0725.52
Asset Turnover Ratio2.622.452.592.441.231.21.552.051.861.37
PAT to CFO Conversion(x)1.240.40.661.860.11.130.042.320.31.49
Working Capital Days
Receivable Days19.201625.1036.4053.3046.505126.4019.4029.30
Inventory Days24.4025.2026.1030.8055.6054.9054.3048.7048.2050.10
Payable Days27.2035.203935.3037.9027.602517.6014.3017.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.141.521.521.521.521.521.521.521.521.52
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jamna Auto Industries Ltd FAQs

The current trading price of Jamna Auto Inds. on 19-Jun-2026 16:59 is ₹132.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jun-2026 the market cap of Jamna Auto Inds. stood at ₹5,289.8 Cr

The latest P/E ratio of Jamna Auto Inds. as of 18-Jun-2026 is 21.22.

The latest P/B ratio of Jamna Auto Inds. as of 18-Jun-2026 is 4.30.

The 52-week high of Jamna Auto Inds. is ₹152.5 and the 52-week low is ₹87.72.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jamna Auto Inds. is ₹2,539 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jamna Auto Industries Ltd is a good quality company.

The key valuation ratios of Jamna Auto Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jamna Auto Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Jamna Auto Industries Ltd

The company was promoted by Mr Bhupinder Singh Jauhar. He started the Tapered Leaf Spring business in 1954 in a small shop in Yamuna Nagar which was converted in the company form in the year 1965. The Company is public company domiciled in India and is incorporated under the provisions of the Companies Act. Its shares are listed on two recognized stock exchanges in India.

Jamna Auto Industries is India's largest, and amongst world's third largest, manufacturer of tapered leaf springs and parabolic springs for automobiles. The company was first to introduce parabolic springs in India.

The company has indigenous R&D Centre capable to design Multi, Parabolic Leaf Springs, Lift Axles and Air Suspension for all automobile applications. The R&D Centre has facility of in-house validation and testing of products using Servo Actuator to simulate actual vehicle conditions. The Company's engineering & design strength and developmental capabilities makes it a partner of choice with most of customers. The company's R&D team work closely with customers in design modification and value engineering in Tapered Leaf and Parabolic Springs which enhance the vehicles' load bearing capacity and overall efficiency.

Business area of the company

Jamna Auto Industries is engaged in manufacturing and selling of Tapered Leaf, Parabolic Springs and Lift Axles.

Products

  • Rear Air Suspension - ‘Cow Horn Style’
  • Lift Axle - Steerable / Non Steerable
  • Bogie Suspension - Tandem Axle
  • Multileaf Springs
  • Parabolic Springs

Milestone & Awards

2009 

  • Started Assembly unit at Uttarakhand (under subsidiary)
  • In house R&D centre set up at Malanpur

2010

  • Tata Motors Ltd converted its two high selling models into parabolic springs
  • Entered into technical assistance agreement with Ridewell Corporation USA for Air Suspension and Lift Axle 
  • Received the Best Vendor Gold Award from Ashok Leyland Ltd for 2009-2010
  • Received an award from Tata Motors Ltd in recognition of JAI’s long and enduring relationship
  • Purchased land in Chennai for setting up facility for air suspension and lift axle

2011

  • Promoters and Clearwater Capital Partners infused fresh equity, prepayment of term loans brought down debt
  • Shares of the Company listed in NSE
  • Started paying Dividend
  • Jamshedpur plant commenced manufacturing operations
  • Started Assembly unit at Lucknow
  • Filed patent application in India for Air Suspension
  • Supplies to UD Trucks Corporation, Japan (Volvo subsidiary), Mahindra Navistar Automotives Ltd and Ashok Leyland Nissan Vehicles Ltd started
  • Acquired land in Hosur for setting up facility for manufacturing of springs

2012

  • Agreement to supply Lift Axle signed with Ashok Leyland Ltd.
  • Started developing springs for Bharat Benz
  • Purchased land in Pune for setting up facility for manufacturing of springs and additional land in Malanpur and Yamuna Nagar for expansion

2013

  • Lift Axle and Air Suspension products launched
  • Received Silver Award from Ashok Leyland Ltd. for best in class performance in RAMP UP in development and supply of Lift Axles
  • Received Certificate of excellence award from TATA Motors Ltd. for supply of quality product and approach towards continual improvement in quality
  • Supplies to Bharat Benz and Renault Nisan commenced
  • Certificate of Appreciation - Best in Class Performance in Quality from Ashok Leyland Ltd. for the year 2012-13
  • Production commenced at Hosur plant
  • Capacity expansion at Malanpur completed

2014

  • OEM market share increased to 64% from 57%
  • Expansion at Hosur Plant started

2017

  • The company’s Malanpur and Yamuna Nagar plants were awarded the TPM Excellence Category ‘A’ award by Japan Institute of Plant Maintenance

2018

  • Jamshedpur plant was awarded the TPM Excellence Category ‘A’ award
  • The Company was also awarded as ‘Star SME’ in the Business Standard annual awards 2018

2019

  • Best Overall Excellence in Operations by Auto Components India (Magazine) 2019
  • The Company has incorporated a wholly owned subsidiary company, viz., Jai Automotive Components Limited. The subsidiary has acquired land on lease at Indore from Madhya Pradesh State Industrial Development Corporation.

2020

  • Assembly unit of Jai Suspension Systems LLP at Lucknow (U.P.) was closed in FY 2019-20
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