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Jay Bharat Maruti Ltd (JAYBARMARU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520066 NSE: JAYBARMARU Auto Ancillary | Small Cap | Jay Bharat Maruti Share Price

₹130.90 3.70 (2.91%)

As on 12-Aug'26 16:59

Jay Bharat Maruti Ltd (JAYBARMARU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520066 NSE: JAYBARMARU Auto Ancillary | Small Cap | Jay Bharat Maruti Share Price

₹130.90 3.70 (2.91%)

As on 12-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,377 Cr.
Current Price
₹130.9
52-Week Low / High
₹75 / 207
TTM EPS
₹12.6
TTM Sales
₹2,621 Cr.
Book Value per Share
₹65.8
P/E Ratio
10.12
Lower than its 5-year historical median
Industry PE
49.9
Price to Book (P/B)
1.93
Higher than its 5-year historical median
Price to Sales (P/S)
0.53
Higher than its 5-year historical median
EV/EBITDA
6.29
Lower than its 5-year historical median
Dividend Yield
0.53%
Profitability Efficiency
Return on Equity (ROE)
22.06%
Outperforms industry median
Return on Capital Employed (ROCE)
17.75%
Outperforms industry median
Return on Assets (ROA)
7.89%
Operating Profit Margin
11.1%
Net Profit Margin
5.4%
Gross Profit Margin
9.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.39%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
71.64%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
333.52%
Asset Quality
Promoter Holding
59.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹690 Cr.
Equity
₹21.7 Cr.
Face Value
₹2
All Time Low / High
₹0.75 / 206.50

Jay Bharat Maruti stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Jay Bharat Maruti Ltd a good quality company?
Jay Bharat Maruti Ltd is a average quality company, based on a somewhat consistent 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.

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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.

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How does Jay Bharat Maruti Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jay Bharat Maruti Ltd vs industry peers?
Jay Bharat Maruti Ltd revenue CAGR is 11.22%, compared to the industry median CAGR of 12.83%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Jay Bharat Maruti Ltd?
Promoters hold 59.35% of the Jay Bharat Maruti Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jay Bharat Maruti Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.1% based on the current price.
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10 Year X-Ray : Login to view analysis.

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.
Jay Bharat Maruti Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ19.7%18.1%15.8%9.6%8.9%9%11.2%10%8.8%17.8%-
Value Creation
Index ⓘ		0.40.30.1-0.3-0.4-0.4-0.2-0.3-0.40.3-

Growth Parameters ⓘ
Sales ⓘ1,5271,7301,9921,6591,4992,0782,3442,2922,2902,5512,621
Sales YoY Gr.-13.3%15.1%-16.8%-9.6%38.7%12.8%-2.2%-0.1%11.4%-
Adj EPS ⓘ55.44.72.72.42.63.42.92.812.812.6
YoY Gr.-8.8%-13.3%-42.8%-11.5%7.6%33.6%-16.7%-0.7%351.2%-
BVPS (₹) ⓘ28.133.337.339.141.543.746.849.651.763.865.8
Adj Net
Profit ⓘ		53.958.750.929.125.727.83730.830.7138136
Cash Flow from Ops. ⓘ57.6209128154163106154188199197-
Debt/CF from Ops. ⓘ4.41.43.22.92.23.62.21.82.32.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5.9%11.2%2.9%11.4%
Adj EPS ⓘ11%39.9%55.1%351.2%
BVPSⓘ9.5%9%10.9%23.5%
Share Price 15.1% 10.4% 4.1% 50.5%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		19.417.713.375.967.65.95.622.119.4
Op. Profit
Mgn % ⓘ		8.89.18.88.69.17.27.47.37.211.110.9
Net Profit
Mgn % ⓘ		3.53.42.61.81.71.31.61.31.35.45.2
Debt to
Equity ⓘ		0.80.811.10.80.80.70.60.80.7-
Working Cap
Days ⓘ		5460555859565865686534
Cash Conv.
Cycle ⓘ		2863-023544-10

Valuation of Jay Bharat Maruti - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,5271,7301,9921,6591,4992,0782,3442,2922,2902,551
Operating Expenses ⓘ + 1,3941,5751,8181,5171,3631,9282,1712,1262,1252,268
Manufacturing Costs748694797492104110107113
Material Costs1,1991,3281,5331,2691,1331,6461,8541,7841,7801,890
Employee Cost 97123155142136162184197198216
Other Costs ⓘ 24383627202829354149
Operating Profit ⓘ 133156175141136150173167165283
Operating Profit Margin (%) 8.7%9.0%8.8%8.5%9.1%7.2%7.4%7.3%7.2%11.1%
Other Income ⓘ + 1432501433
Exceptional Items ⓘ 0000000000
Interest ⓘ 18203438333337403644
Depreciation ⓘ 41496163667580848495
Profit Before Tax ⓘ 759082424242584647147
Tax ⓘ 2131301415152015169
Profit After Tax 545952282627373132138
PAT Margin (%) 3.5%3.4%2.6%1.7%1.7%1.3%1.6%1.4%1.4%5.4%
Adjusted EPS (₹)5.05.44.82.62.42.53.52.92.912.7
Dividend Payout Ratio (%)10.10%9.20%10.40%9.70%10.40%19.70%20.30%24.20%23.80%5.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 304360404423450473507536559691
Share Capital ⓘ 11111111112222222222
Reserves ⓘ 294349393412439452485515538669
Debt +233264349392277284228227379366
Long Term Debt116212269279231202140114269276
Short Term Debt117527911346828811311090
Minority Interest0000000000
Trade Payables184180205165206270257331316295
Others Liabilities ⓘ 106231248227301299306459414474
Total Liabilities ⓘ 8271,0351,2061,2071,2331,3261,2981,5531,6681,826

Fixed Assets

Net Fixed Assets ⓘ +4526328328178608568819069221,173
Gross Block5317601,0211,0681,1751,2461,3471,4551,5531,896
Accumulated Depreciation80128189250315390465549630724
CWIP ⓘ 649351143836223162308110
Investments ⓘ 12151721242626323436
Inventories114202169123153211203267250269
Trade Receivables13328745262908212587117
Cash Equivalents 2312346225
Others Assets ⓘ 506261494977765964117
Total Assets ⓘ 8271,0351,2061,2071,2331,3261,2981,5531,6681,826
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 58209128154163106154188199197
PBT ⓘ 759082424242584647147
Adjustment ⓘ 58679310196108116121117136
Changes in Working Capital ⓘ -6080-193033-14-4037-73
Tax Paid ⓘ -16-27-28-19-8-31-1521-2-14
Cash Flow From Investing Activity ⓘ + -160-226-195-144-50-76-65-140-265-132
Capex -161-226-192-138-51-76-66-143-263-134
Net Investments 00-4-70010-30
Others ⓘ 1111100312
Cash Flow From Financing Activity ⓘ + 1031766-10-113-29-87-5165-62
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 50108781-9-25-50-2711815
Interest Paid ⓘ -19-20-33-38-33-33-37-40-31-38
Dividend Paid ⓘ -4-5-5-5-3-5-5-8-8-8
Others ⓘ 76-662632-6835524-15-31
Net Cash Flow ⓘ 00-11113-4-13
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.317.7213.656.785.975.957.636.015.822.06
ROCE (%)19.6718.0815.829.578.85911.210.028.8317.75
Asset Turnover Ratio2.381.921.781.381.231.621.791.611.421.46
PAT to CFO Conversion(x)1.073.542.465.56.273.934.166.066.221.43
Working Capital Days
Receivable Days17.9016.509.4013.9013.8013.3013.4016.5016.9014.60
Inventory Days26.2032.4034.1032.1033.5031.9032.3037.4041.2037.10
Payable Days49.705045.9053.2059.7052.7051.8060.2066.4059

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Jay Bharat Maruti Ltd FAQs

The current trading price of Jay Bharat Maruti on 12-Aug-2026 16:59 is ₹130.9.

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 11-Aug-2026 the market cap of Jay Bharat Maruti stood at ₹1,376.9 Cr

The latest P/E ratio of Jay Bharat Maruti as of 11-Aug-2026 is 10.12.

The latest P/B ratio of Jay Bharat Maruti as of 11-Aug-2026 is 1.93.

The 52-week high of Jay Bharat Maruti is ₹206.5 and the 52-week low is ₹75.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jay Bharat Maruti is ₹2,621 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jay Bharat Maruti Ltd is a average quality company.

The key valuation ratios of Jay Bharat Maruti 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 Weak which suggest that the price of Jay Bharat Maruti Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Jay Bharat Maruti Ltd

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 
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