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Jagan Lamps Ltd (530711)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530711 NSE: Auto Ancillary | Small Cap | Jagan Lamps Share Price

₹50.89 0.71 (1.41%)

As on 24-Jun'26 16:59

Jagan Lamps Ltd (530711)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530711 NSE: Auto Ancillary | Small Cap | Jagan Lamps Share Price

₹50.89 0.71 (1.41%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹37 Cr.
Current Price
₹50.9
52-Week Low / High
₹38 / 97
TTM EPS
₹2.6
TTM Sales
₹42 Cr.
Book Value per Share
₹48.2
P/E Ratio
19.39
In line with its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
1.06
Lower than its 5-year historical median
Price to Sales (P/S)
0.88
Lower than its 5-year historical median
EV/EBITDA
8.81
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.93%
Underperforms industry median
Return on Capital Employed (ROCE)
12.08%
Underperforms industry median
Return on Assets (ROA)
5.93%
Operating Profit Margin
11.1%
Net Profit Margin
5.7%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.46%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.4%
Asset Quality
Promoter Holding
57.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹28 Cr.
Equity
₹7.3 Cr.
Face Value
₹10
All Time Low / High
₹0.50 / 152.99

Jagan Lamps stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Jagan Lamps Ltd a good quality company?
Jagan Lamps Ltd is a quality company, based on a 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 Jagan Lamps Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jagan Lamps Ltd vs industry peers?
Jagan Lamps Ltd revenue CAGR is 16.57%, 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 Jagan Lamps Ltd?
Promoters hold 57.78% of the Jagan Lamps Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jagan Lamps Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Jagan Lamps Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.6%5%5.4%7%11.5%13.5%13%12.6%12.1%12.1%-
Value Creation
Index
-0.8-0.7-0.6-0.5-0.20.0-0.1-0.1-0.1-0.1-

Growth Parameters

Sales 12.813.214.618.523.130.844.746.851.249.842
Sales YoY Gr.-3.1%11.3%26.5%25%33.3%44.9%4.6%9.4%-2.7%-
Adj EPS 0.60.80.61.32.12.92.933.53.52.6
YoY Gr.-41.4%-24.4%112.9%58.3%37.3%-0.4%5.6%14.9%0%-
BVPS (₹) 22.923.724.425.828.331.335.437.541.545.648.2
Adj Net
Profit
0.40.60.40.91.422.12.22.52.52
Cash Flow from Ops. 21.5-1.92.20.60.5-3.51.9-0.2-2.6-
Debt/CF from Ops. 1.70.3-1.50.523.2-1.33.2-24.8-3.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.3%16.6%3.7%-2.7%
Adj EPS 22%10.7%6.7%0%
BVPS8%10%8.8%9.9%
Share Price 15.7% -1.1% -10.4% -25.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.53.52.65.37.79.78.78.48.885.6
Op. Profit
Mgn %
7.713.910.27.412.911.77.39.49.511.110.2
Net Profit
Mgn %
3.14.32.94.96.26.44.64.755.14.6
Debt to
Equity
0.200.20.10.10.10.20.20.20.30
Working Cap
Days
184132123115106110118145155221171
Cash Conv.
Cycle
-5-59-26-413396210712216295

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales12.7613.1514.6418.5223.1430.8444.7046.7751.1749.80
Operating Expenses + 12.3511.3513.1417.1520.1527.2441.4242.3646.3344.26
Manufacturing Costs1.821.710.610.660.771.011.741.511.451.43
Material Costs8.077.909.971214.7421.4333.763437.7736.52
Employee Cost 1.100.981.602.232.592.643.184.164.974.48
Other Costs 1.360.750.972.262.042.152.732.692.141.82
Operating Profit 0.411.801.501.3733.603.284.414.845.54
Operating Profit Margin (%) 3.2%13.7%10.2%7.4%12.9%11.7%7.3%9.4%9.5%11.1%
Other Income + 0.950.320.671.200.490.551.400.900.680.59
Exceptional Items 0000000000
Interest 0.090.080.050.090.040.040.100.400.240.98
Depreciation 0.831.231.181.221.211.201.241.351.351.39
Profit Before Tax 0.440.810.951.252.242.913.343.563.933.76
Tax 0.440.270.440.290.550.820.950.890.990.92
Profit After Tax 00.540.510.971.702.082.392.662.942.84
PAT Margin (%) 0.0%4.1%3.5%5.2%7.3%6.8%5.3%5.7%5.7%5.7%
Adjusted EPS (₹)0.00.80.71.42.53.03.33.74.03.9
Dividend Payout Ratio (%)0%0%0%0%0%33.10%30%0%0%0%

Valuation of Jagan Lamps - Standalone

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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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 + 15.7716.3116.8217.7919.4921.5425.3627.3330.2933.28
Share Capital 6.896.896.896.896.896.897.167.307.307.30
Reserves 8.889.429.9410.9012.6014.6518.2020.0322.9925.99
Debt +1.620.512.821.051.091.524.455.875.479.48
Long Term Debt0.610.510.240.13000000
Short Term Debt1.0102.580.921.091.524.455.875.479.48
Minority Interest0000000000
Trade Payables4.874.924.055.364.184.674.011.853.126.81
Others Liabilities 5.584.683.772.513.033.203.364.673.493.75
Total Liabilities 27.8426.4127.4726.7127.7830.9337.1739.7242.3753.32

Fixed Assets

Net Fixed Assets +22.2722.1321.5920.4919.3518.9619.3418.8817.8016.80
Gross Block31.1732.2732.4532.5832.6433.4635.0735.9736.2436.63
Accumulated Depreciation8.9010.1410.8712.0913.2914.5015.7317.0818.4319.82
CWIP 000000.010000
Investments 0000000000
Inventories2.520.941.821.603.113.596.469.3211.5023.41
Trade Receivables0.861.972.613.543.865.858.799.219.4510.39
Cash Equivalents 0.060.260.070.330.910.870.121.440.360.54
Others Assets 2.121.101.380.760.551.642.480.863.262.18
Total Assets 27.8426.4127.4726.7127.7830.9337.1739.7242.3753.32

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.971.47-1.922.210.610.49-3.461.85-0.22-2.56
PBT 0.440.810.951.252.242.913.343.563.933.76
Adjustment 0.901.301.141.291.221.221.311.681.552.26
Changes in Working Capital 0.63-0.63-3.840.06-2.47-3.14-7.36-2.62-4.59-7.59
Tax Paid 00-0.15-0.40-0.38-0.50-0.75-0.77-1.11-0.99
Cash Flow From Investing Activity + -0.75-1.10-0.56-0.12-0.06-0.81-1.60-1.06-0.29-0.38
Capex -0.76-1.10-0.57-0.12-0.07-0.82-1.60-0.90-0.27-0.39
Net Investments 0000-000-0.18-0.02-0
Others 00000000.0200.01
Cash Flow From Financing Activity + -1.21-0.172.29-1.820.030.294.300.35-0.593.12
Net Proceeds from Shares 0000001.40000
Net Proceeds from Borrowing -1.13-0.110-0.10-0.12-0.11-0.01000
Interest Paid -0.08-0.07-0.02-0.07-0.02-0.02-0.06-0.35-0.20-0.88
Dividend Paid 000000-0.69-0.7200
Others 002.31-1.650.170.433.661.42-0.404
Net Cash Flow 0.010.20-0.190.260.58-0.03-0.751.14-1.100.18

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.013.383.085.599.0910.1610.1910.1210.198.93
ROCE (%)2.634.955.446.9611.4913.4613.0312.5612.0912.08
Asset Turnover Ratio0.440.480.540.680.851.051.311.221.251.04
PAT to CFO Conversion(x)N/A2.72-3.762.280.360.24-1.450.7-0.07-0.9
Working Capital Days
Receivable Days56.5039.3057.2060.6058.3057.5059.8070.2066.6072.70
Inventory Days73.3048.1034.5033.7037.1039.604161.6074.30127.90
Payable Days203.50225.90164.30143.20118.1075.3046.9031.502449.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jagan Lamps Ltd FAQs

The current trading price of Jagan Lamps on 24-Jun-2026 16:59 is ₹50.89.

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 23-Jun-2026 the market cap of Jagan Lamps stood at ₹37.15 Cr

The latest P/E ratio of Jagan Lamps as of 23-Jun-2026 is 19.39.

The latest P/B ratio of Jagan Lamps as of 23-Jun-2026 is 1.06.

The 52-week high of Jagan Lamps is ₹97.00 and the 52-week low is ₹38.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jagan Lamps is ₹42.04 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jagan Lamps Ltd is a below average quality company.

The key valuation ratios of Jagan Lamps 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 Weak which suggest that the price of Jagan Lamps Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Jagan Lamps Ltd

Jagan Lamps  is a 100% Export Oriented Unit founded by Jagannath Aggarwal and his son S P Aggarwal in the year 1993 for the manufacturing of H4 Halogen Lamps. The company is a leading manufacturer and exporter of auto bulbs, halogen bulbs, headlights, automotive electrical spares and other related products of extremely high quality at competitive prices.

Jagan Lamps' main factory is spread over an area of 25,000 sq mtrs  in Haryana. The total workers are 180 with 7 engineers and 12 supervisors. Jagan Lamps has fully automatic machines to manufacture different kinds of bulbs.

The machines are imported from South Korea . The total installed capacity is 8.5 million pieces of halogen lamps. Jagan Lamps has started to grow very fast and soon bought machines to manufacture :

  • Halogen Lamps
  • Auto Bulbs
  • Auto Lamps
  • Xenon Bulbs
  • Blue Vision Bulbs
  • Sharp Vision Bulbs
  • + 30% Bulbs
  • Blue Superwhite Bulbs
  • Premium Lamps
  • All Weather Lamps
  • Xenon Hid Lamps

Jagan Lamps exports 75% of its production, the major overseas markets being Europe, Latin America and Asia Pacific. The major customers are supermarket chains and aftermarket distribution houses. 

Product range of the company includes:

Lighting products

  • Halogen bulbs
  • Xenon blue bulbs
  • Hid xenon lamps
  • Motorcycle lamps
  • Stop & tail bulbs
  • Spare bulb kits
  • Led bulbs
  • Head lights/head lamps
  • Special lamps

Auto electrical parts

  • Horns
  • Switches

Gauges

  • Voltmeter
  • Ampermeter
  • Temperature gauge
  • Pressure gauge
  • Techometer

Other products

  • Radiator caps
  • Fuel tank caps

Achievements/ recognition :

  • Jagan Lamps is an ISO 9001:2000 certified company.
  • ARAI Approval from ARAI Pune.
  • “E” Homologation from RDW Holland and VCA , U.K. for 21 different category of lamps.
  • Compliance Statement Issued by RDW Holland.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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