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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

₹135.30 3.55 (2.69%)

As on 11-Sep'26 15:59

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

₹135.30 3.55 (2.69%)

As on 11-Sep'26 15:59

Key Metrics
Valuation Multiples
Market Cap
₹5,270 Cr.
Current Price
₹135.3
52-Week Low / High
₹90 / 153
TTM EPS
₹6.1
TTM Sales
₹2,581 Cr.
Book Value per Share
₹31.9
P/E Ratio
21.47
Lower than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
4.13
Lower than its 5-year historical median
Price to Sales (P/S)
2.04
In line with its 5-year historical median
EV/EBITDA
12.67
Lower than its 5-year historical median
Dividend Yield
1.85%
Profitability Efficiency
Return on Equity (ROE)
21.92%
Outperforms industry median
Return on Capital Employed (ROCE)
28.99%
Outperforms industry median
Return on Assets (ROA)
13.10%
Operating Profit Margin
14.7%
Net Profit Margin
9.82%
Gross Profit Margin
15%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.77%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
22.6%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
18.06%
Asset Quality
Promoter Holding
49.84%
Pledged shares (%) of Promoter's holding (%)
1.52%
Reserves
₹1,235 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

Check Before You Invest

Quality

Very Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

View More

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.

View More
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 19.25%, compared to the industry median CAGR of 13.71%, 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 11.8% based on the current price.
View More

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

Right Price
Price Chart

3. Right Time ⓘ

Right Price
#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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ43%43.3%45.5%14.4%16.2%23%26.3%35.1%25.5%29%-
Value Creation
Index ⓘ		2.12.12.30.00.20.60.91.60.81.2-

Growth Parameters ⓘ
Sales ⓘ1,0821,6092,0461,0591,0531,6492,2322,3612,2122,5392,581
Sales YoY Gr.-48.7%27.2%-48.2%-0.6%56.7%35.3%5.8%-6.3%14.8%-
Adj EPS ⓘ2.63.23.51.223.346.35.36.46.1
YoY Gr.-20.7%11.1%-64.9%58.5%67.2%21.2%59%-15.9%21.8%-
BVPS (₹) ⓘ8.410.712.913.114.817.119.323.426.330.631.9
Adj Net
Profit ⓘ		1041261394977.7130158251211257246
Cash Flow from Ops. ⓘ41.981.62615.186.85.236774.8314527-
Debt/CF from Ops. ⓘ1.70.7025.81.332.30.120.40-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.9%19.3%4.4%14.8%
Adj EPS ⓘ10.5%27%17.6%21.8%
BVPSⓘ15.4%15.7%16.7%16.3%
Share Price 12% 9.5% 3.6% 25.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		35.83329.69.51420.421.729.421.222.519.7
Op. Profit
Mgn % ⓘ		13.71211.59.712.312.610.813.613.814.714.4
Net Profit
Mgn % ⓘ		9.67.86.84.67.47.97.110.69.510.19.5
Debt to
Equity ⓘ		0.20.100.30.20.200.20.10-
Working Cap
Days ⓘ		6170831401291219310715515335
Cash Conv.
Cycle ⓘ		182342818387625767346

Valuation of Jamna Auto Inds. - Standalone

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

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

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

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

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.521.521.521.521.521.521.521.521.521.52
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,0821,6092,0461,0591,0531,6492,2322,3612,2122,539
Operating Expenses ⓘ + 9341,4171,8119589241,4421,9922,0401,9082,166
Manufacturing Costs133177225110113170254272242256
Material Costs6461,0261,3366696451,0861,4931,5091,3811,597
Employee Cost 95121150108107119139159172188
Other Costs ⓘ 6091100716066105100113125
Operating Profit ⓘ 148192234101128207240321304373
Operating Profit Margin (%) 13.7%11.9%11.4%9.5%12.2%12.6%10.8%13.6%13.7%14.7%
Other Income ⓘ + 4241382215614482940
Exceptional Items ⓘ 000000000-11
Interest ⓘ 131825157435513
Depreciation ⓘ 46394439343538404453
Profit Before Tax ⓘ 13117520369103175213324284336
Tax ⓘ 27506421264455747386
Profit After Tax 1041251404877130158250211249
PAT Margin (%) 9.6%7.8%6.8%4.5%7.3%7.9%7.1%10.6%9.6%9.8%
Adjusted EPS (₹)2.63.23.51.21.93.34.06.35.36.2
Dividend Payout Ratio (%)26.80%27%27.10%33.30%38.90%45.80%48%38.30%39.70%40.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3354275155225886817699311,0501,224
Share Capital ⓘ 40404040404040404040
Reserves ⓘ 2953874754825486417298911,0111,184
Debt +60451126115167181511230
Long Term Debt823151000000
Short Term Debt5223076115167181511230
Minority Interest0000000000
Trade Payables6315633136175191130185287345
Others Liabilities ⓘ 7310010290107107141278351422
Total Liabilities ⓘ 5317289507759841,1451,0571,5451,8131,992

Fixed Assets

Net Fixed Assets ⓘ +267272335323306379360395448477
Gross Block306344451471481586595653746812
Accumulated Depreciation3971116148175207235258298335
CWIP ⓘ 831391271283842936481
Investments ⓘ 2613193849757882143186
Inventories87146199123193297307334298299
Trade Receivables48176232781912705720116981
Cash Equivalents 892443824517810666
Others Assets ⓘ 8781101827961163363586803
Total Assets ⓘ 5317289507759841,1451,0571,5451,8131,992
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 4282261587536775314527
PBT ⓘ 13117520369103175213324284336
Adjustment ⓘ 1818353930373312733
Changes in Working Capital ⓘ -63-5990-83-22-157171-18079253
Tax Paid ⓘ -45-53-67-19-24-49-49-70-75-95
Cash Flow From Investing Activity ⓘ + -43-20-115-96-19-30-96-136-256-268
Capex -75-60-130-82-12-19-36-108-62-130
Net Investments 26451712-0-00-5-43
Others ⓘ 5-5-2-26-6-11-60-23-190-141
Cash Flow From Financing Activity ⓘ + 4-60-13472-349-24687-29-298
Net Proceeds from Shares ⓘ 0000011104
Net Proceeds from Borrowing ⓘ 819-3855-5500000
Interest Paid ⓘ -11-17-23-15-6-1-2-4-3-12
Dividend Paid ⓘ -40-33-50-41-10-40-72-88-92-84
Others ⓘ 48-30-23733750-17317965-206
Net Cash Flow ⓘ 3112-1835-15252629-39
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)35.8332.9129.719.2513.8320.5721.7729.4121.3121.92
ROCE (%)43.0443.2645.4714.3616.1622.9626.3135.0725.5228.99
Asset Turnover Ratio2.452.592.441.231.21.552.051.861.371.4
PAT to CFO Conversion(x)0.40.661.860.11.130.042.320.31.492.12
Working Capital Days
Receivable Days1625.1036.4053.3046.505126.4019.4029.3017.10
Inventory Days25.2026.1030.8055.6054.9054.3048.7048.2050.1040.80
Payable Days35.203935.3037.9027.602517.6014.3017.4031.70

Top 5 Mutual Funds Holding

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Announcements

Jamna Auto Industries Ltd FAQs

The current trading price of Jamna Auto Inds. on 11-Sep-2026 15:59 is ₹135.3.

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 10-Sep-2026 the market cap of Jamna Auto Inds. stood at ₹5,269.8 Cr

The latest P/E ratio of Jamna Auto Inds. as of 10-Sep-2026 is 21.47.

The latest P/B ratio of Jamna Auto Inds. as of 10-Sep-2026 is 4.13.

The 52-week high of Jamna Auto Inds. is ₹152.5 and the 52-week low is ₹89.80.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jamna Auto Inds. is ₹2,581 ( 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 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.

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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