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Jay Bharat Maruti Ltd. Stock Analysis

Small Cap
Evaluated by 812 users | BSE: 520066 | NSE: JAYBARMARU |
Auto Ancillary
Jay Bharat Maruti (JBML), a public limited company, was incorporated in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.3%12.23%9.6%10.72%13.49%14.83%14.09%11.95%10.22%6.66%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0611,0681,1801,2111,2941,3021,5271,7301,9941,659
Y-o-Y Gr. Rt.-0.7%10.5%2.6%6.9%0.6%17.3%13.4%15.2%-16.8%
Adjusted EPS (Rs.) 16.928.839.2111.7816.4618.6224.927.1123.5113.45
Y-o-Y Gr. Rt.--47.8%4.3%27.9%39.7%13.1%33.7%8.9%-13.3%-42.8%
Book Value per Share (Rs.) 57.965.2373.4279.5895.65116.73140.63166.39186.63195.42
Adjusted Net Profit 36.619.119.925.535.640.353.958.750.929.1
Net Op. Cash Flow (Rs. Cr.) 59.672.46610788.495.157.6209128154
Debt to Cash Flow from Ops 1.812.553.261.981.81.414.441.433.162.89
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.
Jay Bharat Maruti Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.1%5.1%2.8%-16.8%
Adjusted EPS -2.5%-4%-18.6%-42.8%
Book Value per Share 14.515.411.64.7
Share Price 14.1% 8.6% -29.4% 7.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 33.6914.3413.2915.418.7917.5319.3517.6613.327.04
Operating Profit Margin (%) 9.518.077.938.778.149.178.789.098.758.62
Net Profit Margin (%) 3.451.791.692.112.753.13.533.392.551.76
Debt to Equity 0.861.311.351.230.770.530.840.8311.05
Working Capital Days 39545651505354605558
Cash Conversion Cycle -18-16-12-7-7-42863
Entity Percentage Holding
Promoters 59.35%
Institutions 2.83%
Non-Institutions 37.22%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Jay Bharat Maruti's performance infers:

Jay Bharat Maruti earnings have declined by -4%, whereas share price has appreciated 8.6% 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.

We analysed the performance of Jay Bharat Maruti share prices over the last 10 years. Here is what we found out:

Jay Bharat Maruti share price has appreciated 11.1% annually over the past ten years.

Jay Bharat Maruti (JBML), a public limited company, was incorporated in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the country, JBM had to continually expand its manufacturing capacity and capability. The world-class manufacturing capabilities include imported and indigenous press lines, robotic welding lines as well as

Jay Bharat Maruti (JBML), a public limited company, was incorporated in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the country, JBM had to continually expand its manufacturing capacity and capability. The world-class manufacturing capabilities include imported and indigenous press lines, robotic welding lines as well as plating and painting facilities.  

JBML added capabilities to produce exhaust systems, axles and fuel neck fillers to the existing capabilities of sheet metal components and welded modules. With several awards to its credit and support of its partners the company stands posed atop a launch pad to the future fully geared to meet new challenges and is destined to touch new heights in excellence. JBM Auto is a JBM Group company. JBM Group spanned over 28 plants in 11 locations is spreading its wings further to new areas, new locations to touch new heights.

JBM Group created a new meaning for excellence in manufacturing of sheet metal parts and welded assemblies, exhaust systems, axles, high tensile fasteners, tubes, special purpose vehicles and waste management services. The group has embraced international systems and processes, implementing them at all levels, in every unit, and across all parameters. This has resulted in prestigious certifications from global institutions. The group companies have consistently met and surpassed world-class standards, while accumulating a wealth of knowledge and expertise in the industry.

Other group companies:

  • Arcelor Neel Tailored Blank Pvt. Ltd.
  • Indo Toolings
  • Jaico Steel Fasteners Ltd.
  • Jay Bharat Exhaust System Ltd.
  • JBM Auto Ltd.
  • JBM Industries Ltd.
  • JBMMA Automotive Pvt. Ltd.
  • JBM Ogihara Automotive India Ltd.
  • Neel Industries Pvt. Ltd.
  • Neel Metal Fanalca Environment Management Pvt.Ltd.
  • Neel Metal Products Ltd.
  • Thai Summit Neel Auto Pvt. Ltd.
  • ThyssenKrupp JBM Pvt. Ltd.

Product range of the company includes:

  • Exhaust systems
  • Axles
  • Fuel neck fillers
  • Sheet metal components
  • Axles painting and plating
  • Assemblies and sub assemblies
  • Others

Achievements/ recognition:

  • Certificate for  Significant Achievement  by CII EXIM Bank 2007 
  • Outstanding contribution to Supply Chain Management by Eicher Motors 2007 
  • Trophy for yield improvement by MSIL 2007 
  • Shield for overall excellence by MSIL 2007 
  • Certificate for  Significant Achievement  by CII EXIM Bank 2006 
  • Certificate For Significant Achievement by CII EXIM Bank 2005 
  • Vendor Performance Award For Alto Cost Reduction by MSIL 2004 
  • Award For Business Excellence - Strong   Commitment To Excel by CII EXIM Bank 2004 
  • Vendor Performance Award For Yield Improvement by MSIL 2004 
  • Vendor Performance Award For Overall Commendation by MSIL 2004 
  • TIER-2 Vendors Up gradation Certificate  by MSIL 2004 
  • Best Packing Solution Award  by Eicher Motors 2003 
  • Outstanding Overall Performance Trophy  by MSIL 2003 
  • Certificate For Cost Reduction Through VA/VE MSIL 2003 
  • Certificate For Cost Reduction Through Yield Improvement by MSIL 2003 
  • Certificate For Cost Reduction Through Kaizen by MSIL 2003 
  • Best Vendor In Sheet Metal Award  by HMSI 2002 
  • Award For Productivity by ACMA 2000 
  • Safety & Welfare Award  by Govt. of Haryana 1999 
  • Merit Certificate For Excellence In Quality  by ACMA 1999 
  • Merit Certificate For Excellence In Quality  by ACMA 1998 
  • Award For Quality by ACMA 1997 
  • Merit Certificate For Productivity  by ACMA 1996 
  • Best Vendor Award By Customer  by MSIL 1996 
  • Merit Certificate For Productivity  by NPC 1996 
  • Best Vendor Performance Award  by MSIL 1995 
  • Best Vendor Award By Customer  by MSIL 1994 
  • Merit Certificate For Productivity  by NPC 1993 
  • Award For Productivity by ACMA 1993 
  • Best Vendor Award By Customer  by MSIL 1993 
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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