Jamna Auto Industries Ltd Stock Analysis

BSE: 520051 | NSE: JAMNAAUTO | Auto Ancillary | Small Cap

BSE Share Price 30-Nov-2022 12:03
106.55 0.00 (0.00%)

DeciZen - Make an Informed Decision on Jamna Auto Inds.

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Jamna Auto Inds. Price Chart

P/E Ratio (CD) :
25.16
Market Cap :
4,247.3 Cr.
52-wk low :
88.2
52-wk high :
135.6
Bole Toh?

1. Is Jamna Auto Industries Ltd a good quality company?

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

2. Is Jamna Auto Industries Ltd undervalued or overvalued?

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.

3. Is Jamna Auto Industries Ltd a good buy now?

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

10 Year X-Ray of Jamna Auto Inds.:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 14.9%6.2%15%34%34.7%31.4%31.3%10.6%11.7%18.4%-
Value Creation Index 0.1-0.60.11.41.51.21.2-0.2-0.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9808331,0951,2561,2921,7382,1351,1291,0791,7182,171
YoY Gr. Rt. %--15%31.4%14.7%2.9%34.5%22.8%-47.1%-4.4%59.1%-
Adj EPS 0.70.10.81.92.63.23.41.21.93.54.2
YoY Gr. Rt. %--89%850%144.7%41.9%19.3%9.2%-64%49.2%90.3%-
BVPS (₹) 4.34.656.18.410.612.81314.517.118.1
Adj Net Profit 28.73.33073.910512613749.673.9140169
Cash Flow from Ops. 86.744.798.113880.8126281-1.41001.1-
Debt/CF from Ops. 1.92.80.70.10.90.50-103.21.2163.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%5.9%-7%59.1%
Adj EPS 19.1%5.9%0.8%90.3%
BVPS 16.515.410.217.7
Share Price 25.9% 11.1% 33.3% 7.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 17.41.915.933.736.633.229.49.713.522.224.1
Op. Profit Mgn % 8.968.713.215.613.813.110.412.513.212.1
Net Profit Mgn % 2.90.42.75.98.17.26.44.46.98.27.8
Debt to Equity 10.70.30.10.20.200.30.20.30
Working Cap Days 1101157758577091146126120115
Cash Conv. Cycle -6-1-9014171529595837

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.10%

Sales growth is good in last 4 quarters at 50.33%

Sales growth has been subdued in last 3 years -6.99%

Net Profit has been subdued in last 3 years 0.77%

Latest Financials - Jamna Auto Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4 4.2
TTM Sales (₹ Cr.) 2,097 2,171
BVPS (₹.) 17.9 18.1
Reserves (₹ Cr.) 675 680
P/BV 5.94 5.90
PE 26.94 25.16
From the Market
52 Week Low / High (₹) 88.15 / 135.55
All Time Low / High (₹) 0.10 / 135.55
Market Cap (₹ Cr.) 4,247
Equity (₹ Cr.) 39.9
Face Value (₹) 1
Industry PE 36.2

Management X-Ray of Jamna Auto Inds. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.574.804.542.722.722.722.723.803.803.80
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jamna Auto Inds.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Jamna Auto Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jamna Auto Inds. on 30-Nov-2022 12:03 is : 106.5.
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 30-Nov-2022 12:03 the market cap of Jamna Auto Inds. stood at ₹ 4,247.3.
The latest PE ratio of Jamna Auto Inds. as of 30-Nov-2022 12:03 is 26.94.
The latest PB ratio of Jamna Auto Inds. as of 30-Nov-2022 12:03 is 5.94
The 52-week high of Jamna Auto Inds. is ₹ 135.6 and the 52-week low is ₹ 88.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jamna Auto Inds. is ₹ 2,097 ( Cr.) .

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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