What is CAGR? What does CAGR table indicate for Jamna Auto Industries Ltd?

Compounded average growth rate (CAGR) measures the average annual growth rate compounded year-on-year over a period of time.

Jamna Auto Industries Ltd Stock Analysis

Small Cap

Evaluated by 2111 users | BSE: 520051 | NSE: JAMNAAUTO |
Auto Ancillary

10 Year X-Ray

Consolidated basis Standalone basis P Consolidated basis P

Analysis of Financial Track Record

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

What is a Financial Track Record? How to read this chart in order to understand the data present here?

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Capital Employed	22.42%	19.94%	14.85%	6.23%	15.02%	33.95%	34.73%	31.35%	31.26%	10.64%

Growth Parameters	Growth Parameters Colour Code Guide

Net Sales (Rs. Cr.)	903	1,120	980	833	1,095	1,256	1,292	1,738	2,135	1,129
Y-o-Y Gr. Rt.	-	24%	-12.5%	-15%	31.4%	14.7%	2.9%	34.5%	22.8%	-47.1%
Adjusted EPS (Rs.)	0.96	1.11	0.73	0.08	0.76	1.86	2.64	3.15	3.44	1.24
Y-o-Y Gr. Rt.	-	15.6%	-34.2%	-89%	850%	144.7%	41.9%	19.3%	9.2%	-64%
Book Value per Share (Rs.)	3.33	3.83	4.33	4.55	4.96	6.09	8.35	10.64	12.79	12.97
Adjusted Net Profit	37.8	43.8	28.7	3.3	30	73.9	105	126	137	49.6
Net Op. Cash Flow (Rs. Cr.)	124	71.2	86.7	44.7	98.1	138	80.8	126	281	4.1
Debt to Cash Flow from Ops	1.11	2	1.92	2.8	0.66	0.11	0.9	0.5	0.01	34.71

Difference between Standalone Basis and Consolidated basis? Which method is preferred for Jamna Auto Industries Ltd. ?

Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.

Jamna Auto Industries Ltd. should be analysed on a Consolidated basis

CAGR CAGR Colour Code Guide

	9 yrs	5 yrs	3 yrs	1 yr
Net Sales	2.5%	0.6%	-4.4%	-47.1%
Adjusted EPS	2.9%	10.3%	-22.3%	-64%
Book Value per Share	16.3	21.2	15.8	1.4
Share Price	20.8%	18.2%	-7.6%	161.4%

Key Financial Parameter	Performance Ratio Colour Code Guide

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Equity (%)	35.02	30.14	17.39	1.87	15.88	33.65	36.59	33.19	29.35	9.66
Operating Profit Margin (%)	11.88	8.96	8.87	5.96	8.71	13.18	15.61	13.78	13.05	10.38
Net Profit Margin (%)	4.19	3.91	2.93	0.4	2.74	5.88	8.14	7.22	6.42	4.39
Debt to Equity	1.03	1.18	0.95	0.69	0.33	0.07	0.22	0.15	0.01	0.28
Working Capital Days	84	97	110	115	77	58	57	70	91	146
Cash Conversion Cycle	-18	-6	-6	-1	-9	0	14	17	15	29

Management X-Ray

Shareholding Pattern

Entity	Percentage Holding
Promoters	50.00%
Institutions	14.39%
Non-Institutions	35.61%

Promoter's Holding & Share Pledging

Pledged ^*

0.87

0.60

0.29

0.00

2.05

3.57

4.80

4.54

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

FAQs

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

MoneyWorks4Me analysed the past 10-year performance of Jamna Auto Industries Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Jamna Auto Industries Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

2. Is current market price of Jamna Auto Industries Ltd a good price to buy it?

The 5-year analysis of Jamna Auto Industries Ltd's performance infers:

Jamna Auto Industries Ltd earnings have grown by 10.3%, whereas share price has appreciated 18.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

3. What is Jamna Auto Industries Ltd share price return in the past 10 years ?

We analysed the performance of Jamna Auto Industries Ltd share prices over the last 10 years. Here is what we found out:

Jamna Auto Industries Ltd share price has appreciated 17.1% annually over the past ten years.

About Company

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

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