Is Jamna Auto Industries 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 .

Is Jamna Auto Industries 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 Somewhat overvalued zone .

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

Jamna Auto Industries Ltd share price has appreciated 32.9% annually (CAGR) over the past ten years.

Is Jamna Auto Industries a good buy now?

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

What is the P/E ratio of Jamna Auto Industries?

The latest standalone P/E ratio of Jamna Auto Industries as of 16-Apr-2024 is 22.10.

What is the P/B ratio of Jamna Auto Industries?

The latest standalone P/B ratio of Jamna Auto Industries as of 16-Apr-2024 is 5.72.

What is the 52-week high and low of Jamna Auto Industries?

The 52-week high of Jamna Auto Industries is Rs. 142.15 and the 52-week low is Rs. 96.02.

Jamna Auto Industries Ltd - Stock Valuation and Financial Performance

Name: Jamna Auto Industries
Brand: Jamna Auto Industries

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

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Jamna Auto Inds. Share Price

₹131.05 -0.60 -0.46%
as on 16-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	6.1%	15.2%	32.1%	33.9%	31%	31.2%	10.2%	12.2%	17.1%	19.5%	-
Value Creation Index ⓘ	-0.6	0.1	1.3	1.4	1.2	1.2	-0.3	-0.1	0.2	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	716	979	1,092	1,082	1,609	2,046	1,059	1,053	1,649	2,232	2,346
Sales YoY Gr.	-	36.8%	11.5%	-0.9%	48.7%	27.2%	-48.2%	-0.6%	56.7%	35.3%	-
Adj EPS ⓘ	0.1	0.8	1.9	2.6	3.2	3.5	1.2	2	3.3	4	5.9
YoY Gr.	-	660%	147.4%	38.8%	20.7%	11.1%	-64.9%	58.5%	67.2%	21.2%	-
BVPS (₹) ⓘ	4.6	5	6.2	8.4	10.7	12.9	13.1	14.8	17.1	19.3	22.9
Adj Net Profit ⓘ	3.8	30.1	74.6	104	126	139	49	77.7	130	158	237
Cash Flow from Ops. ⓘ	30.9	53.9	89.4	41.9	81.6	261	5.1	86.8	5.2	338	-
Debt/CF from Ops. ⓘ	3.4	1.2	0.2	1.7	0.7	0	25.8	1.3	32.3	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.5%	6.8%	28.2%	35.3%
Adj EPS ⓘ	50.5%	4.6%	47.5%	21.2%
BVPSⓘ	17.2%	12.5%	13.8%	12.9%
Share Price	32.9%	16.5%	26.2%	30.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	2.1	15.7	33.5	35.8	33	29.6	9.5	14	20.4	21.7	28.1
Op. Profit Mgn % ⓘ	4.4	6.4	10.3	13.7	12	11.5	9.7	12.3	12.6	10.8	12.9
Net Profit Mgn % ⓘ	0.5	3.1	6.8	9.6	7.8	6.8	4.6	7.4	7.9	7.1	10.1
Debt to Equity ⓘ	0.6	0.3	0.1	0.2	0.1	0	0.3	0.2	0.2	0	-
Working Cap Days ⓘ	105	70	58	61	70	83	140	129	121	92	39
Cash Conv. Cycle ⓘ	-13	-13	-10	6	23	19	35	62	60	48	18

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.10%

Sales growth is growing at healthy rate in last 3 years 28.22%

Net Profit is growing at healthy rate in last 3 years 47.54%

Sales growth is not so good in last 4 quarters at 5.79%

Latest Financials - Jamna Auto Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.9	5.1
TTM Sales (₹ Cr.)	2,346	2,421
BVPS (₹.) ⓘ	22.9	22.3
Reserves (₹ Cr.) ⓘ	874	851
P/BV ⓘ	5.72	5.87
PE ⓘ	22.10	25.74

From the Market
52 Week Low / High (₹)	96.02 / 142.15
All Time Low / High (₹)	0.10 / 142.15
Market Cap (₹ Cr.)	5,228
Equity (₹ Cr.)	39.9
Face Value (₹)	1
Industry PE ⓘ	47.1

Management X-Ray of Jamna Auto Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.72

3.80

3.14

1.52

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

Valuation of Jamna Auto Inds.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Jamna Auto Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	716	979	1,092	1,082	1,609	2,046	1,059	1,053	1,649	2,232
Operating Expenses ⓘ	687	918	983	934	1,417	1,811	958	924	1,442	1,992
Manufacturing Costs	103	132	126	133	177	225	110	113	170	254
Material Costs	501	690	719	646	1,026	1,336	669	645	1,086	1,493
Employee Cost	51	60	83	95	121	150	108	107	119	139
Other Costs ⓘ	32	36	56	60	91	100	71	60	66	105
Operating Profit ⓘ	29	62	109	148	192	234	101	128	207	240
Operating Profit Margin (%)	4.0%	6.3%	10.0%	13.7%	11.9%	11.4%	9.5%	12.2%	12.6%	10.8%
Other Income ⓘ	13	24	42	42	41	38	22	15	6	14
Interest ⓘ	21	17	14	13	18	25	15	7	4	3
Depreciation ⓘ	25	29	44	46	39	44	39	34	35	38
Exceptional Items ⓘ	18	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	13	40	93	131	175	203	69	103	175	213
Tax ⓘ	-1	10	21	27	50	64	21	26	44	55
Profit After Tax	14	29	72	104	125	140	48	77	130	158
PAT Margin (%)	2.0%	3.0%	6.6%	9.6%	7.8%	6.8%	4.5%	7.3%	7.9%	7.1%
Adjusted EPS (₹)	0.4	0.7	1.8	2.6	3.2	3.5	1.2	1.9	3.3	4.0
Dividend Payout Ratio (%)	28%	30%	30%	27%	27%	27%	33%	39%	46%	48%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	184	199	246	335	427	515	522	588	681	769
Share Capital ⓘ	41	40	40	40	40	40	40	40	40	40
Reserves ⓘ	143	159	206	295	387	475	482	548	641	729
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	70	26	9	60	45	1	126	115	167	18
Long Term Debt	61	25	5	8	23	1	51	0	0	0
Short Term Debt	8	1	4	52	23	0	76	115	167	18
Trade Payables	185	174	122	63	156	331	36	175	191	135
Others Liabilities ⓘ	63	74	90	73	100	102	90	107	107	107
Total Liabilities ⓘ	501	473	468	531	728	950	775	984	1,145	1,028
Fixed Assets
Gross Block	455	466	475	306	344	451	471	481	586	595
Accumulated Depreciation	205	232	272	39	71	116	148	175	207	235
Net Fixed Assetsⓘ	251	234	203	267	272	335	323	306	379	360
CWIP ⓘ	1	7	56	8	31	39	127	128	38	42
Investmentsⓘ	21	21	15	26	13	19	38	49	75	78
Inventories	77	83	82	87	146	199	123	193	297	307
Trade Receivables	105	71	59	48	176	232	78	191	270	72
Cash Equivalents	10	6	6	8	9	24	4	38	24	51
Others Assetsⓘ	36	51	47	87	81	101	82	79	61	119
Total Assets ⓘ	501	473	468	531	728	950	775	984	1,145	1,028

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	31	54	89	42	82	261	5	87	5	338
PBT ⓘ	13	40	93	131	175	203	69	103	175	213
Adjustment ⓘ	11	17	19	18	18	35	39	30	37	33
Changes in Working Capital ⓘ	6	1	-13	-63	-59	90	-83	-22	-157	141
Tax Paid ⓘ	1	-4	-10	-45	-53	-67	-19	-24	-49	-49
Cash Flow From Investing Activity ⓘ	24	1	-25	-43	-20	-115	-96	-19	-30	-96
Capex	-12	-22	-66	-75	-60	-130	-82	-12	-19	-36
Net Investments	35	23	41	26	45	17	12	0	0	0
Others ⓘ	1	0	0	5	-5	-2	-26	-6	-11	-60
Cash Flow From Financing Activityⓘ	-52	-59	-65	4	-60	-134	72	-34	9	-217
Net Proceeds from Shares ⓘ	0	1	1	0	0	0	0	0	1	1
Net Proceeds from Borrowing ⓘ	13	-32	-52	8	19	-38	55	-55	0	0
Interest Paid ⓘ	-12	-10	-5	-11	-17	-23	-15	-6	-1	-2
Dividend Paid ⓘ	-10	-5	-9	-40	-33	-50	-41	-10	-40	-72
Others ⓘ	-43	-13	0	48	-30	-23	73	37	50	-144
Net Cash Flow ⓘ	3	-4	0	3	1	12	-18	35	-15	25

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	8.06	15.45	32.57	35.85	32.91	29.71	9.25	13.83	20.57	21.77
ROCE (%)	11.34	20.53	40.94	43.07	43.26	45.47	14.36	16.16	22.96	26.31
Asset Turnover Ratio	1.54	2.26	2.62	2.45	2.59	2.44	1.23	1.2	1.55	2.05
PAT to CFO Conversion(x)	2.21	1.86	1.24	0.4	0.66	1.86	0.1	1.13	0.04	2.14
Working Capital Days
Receivable Days	46	29	19	16	25	36	53	47	51	28
Inventory Days	42	27	24	25	26	31	56	55	54	49
Payable Days	140	95	75	53	39	67	100	60	61	40

Jamna Auto Industries Ltd Stock News

Jamna Auto Industries Ltd FAQs

What is the share price of Jamna Auto Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of Jamna Auto Inds. on 16-Apr-2024 16:01 is ₹131.1.

What is the market cap of Jamna Auto Inds.?

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 16-Apr-2024 16:01 the market cap of Jamna Auto Inds. stood at ₹5,228.1.

What is the P/E ratio of Jamna Auto Inds.?

The latest P/E ratio of Jamna Auto Inds. as of 16-Apr-2024 16:01 is 22.10.

What is the P/B ratio of Jamna Auto Inds.?

The latest P/B ratio of Jamna Auto Inds. as of 16-Apr-2024 16:01 is 5.72.

What is the 52-week high and low of Jamna Auto Inds.?

The 52-week high of Jamna Auto Inds. is ₹142.2 and the 52-week low is ₹96.02.

What is the TTM revenue of Jamna Auto Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jamna Auto Inds. is ₹2,346 ( 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