SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹131.40 -1.45 (-1.09%)

As on 11-Jun'26 10:04

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

₹131.40 -1.45 (-1.09%)

As on 11-Jun'26 10:04

Key Metrics
Valuation Multiples
Market Cap
₹1,438 Cr.
Current Price
₹131.4
52-Week Low / High
₹71 / 144
TTM EPS
₹12.7
TTM Sales
₹2,551 Cr.
Book Value per Share
₹63.8
P/E Ratio
10.43
Lower than its 5-year historical median
Industry PE
42.6
Price to Book (P/B)
2.08
Higher than its 5-year historical median
Price to Sales (P/S)
0.56
Higher than its 5-year historical median
EV/EBITDA
6.55
Lower than its 5-year historical median
Dividend Yield
1.24%
Profitability Efficiency
Return on Equity (ROE)
5.80%
Underperforms industry median
Return on Capital Employed (ROCE)
8.83%
Underperforms industry median
Return on Assets (ROA)
1.97%
Operating Profit Margin
7.2%
Net Profit Margin
1.39%
Gross Profit Margin
5.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.09%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.12%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.4%
Asset Quality
Promoter Holding
59.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹669 Cr.
Equity
₹21.7 Cr.
Face Value
₹2
All Time Low / High
₹0.75 / 149.75

Jay Bharat Maruti stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
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.

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.

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 6.67%, compared to the industry median CAGR of 11.89%, 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 14.5% based on the current price.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.8%19.7%18.1%15.8%9.6%8.9%9%11.2%10%8.8%-
Value Creation
Index
0.60.40.30.1-0.3-0.4-0.4-0.2-0.3-0.4-

Growth Parameters

Sales 1,3021,5271,7301,9921,6591,4992,0782,3442,2922,2902,551
Sales YoY Gr.-17.3%13.3%15.1%-16.8%-9.6%38.7%12.8%-2.2%-0.1%-
Adj EPS 3.755.44.72.72.42.63.42.92.812.7
YoY Gr.-33.9%8.8%-13.3%-42.8%-11.5%7.6%33.6%-16.7%-0.7%-
BVPS (₹) 23.428.133.337.339.141.543.746.849.651.763.8
Adj Net
Profit
40.353.958.750.929.125.727.83730.830.7138
Cash Flow from Ops. 95.157.6209128154163106154188199-
Debt/CF from Ops. 1.44.41.43.22.92.23.62.21.82.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.5%6.7%3.3%-0.1%
Adj EPS -3%1%3.4%-0.7%
BVPS9.2%5.7%5.7%4.3%
Share Price 16.2% 7.1% 20.1% 60.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.519.417.713.375.967.65.95.622.1
Op. Profit
Mgn %
9.28.89.18.88.69.17.27.47.37.211.3
Net Profit
Mgn %
3.13.53.42.61.81.71.31.61.31.35.4
Debt to
Equity
0.50.80.811.10.80.80.70.60.80.4
Working Cap
Days
5354605558595658656834
Cash Conv.
Cycle
-42863-02354-10

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,3021,5271,7301,9921,6591,4992,0782,3442,2922,290
Operating Expenses + 1,1851,3941,5751,8181,5171,3631,9282,1712,1262,125
Manufacturing Costs81748694797492104110107
Material Costs9991,1991,3281,5331,2691,1331,6461,8541,7841,780
Employee Cost 8397123155142136162184197198
Other Costs 22243836272028293541
Operating Profit 117133156175141136150173167165
Operating Profit Margin (%) 9.0%8.7%9.0%8.8%8.5%9.1%7.2%7.4%7.3%7.2%
Other Income + 4143250143
Exceptional Items 0000000000
Interest 22182034383333374036
Depreciation 39414961636675808484
Profit Before Tax 60759082424242584647
Tax 20213130141515201516
Profit After Tax 40545952282627373132
PAT Margin (%) 3.1%3.5%3.4%2.6%1.7%1.7%1.3%1.6%1.4%1.4%
Adjusted EPS (₹)3.75.05.44.82.62.42.53.52.92.9
Dividend Payout Ratio (%)10.90%10.10%9.20%10.40%9.70%10.40%19.70%20.30%24.20%23.80%

Valuation of Jay Bharat Maruti - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 253304360404423450473507536559
Share Capital 11111111111122222222
Reserves 242294349393412439452485515538
Debt +95233264349392277284228227379
Long Term Debt54116212269279231202140114269
Short Term Debt411175279113468288113110
Minority Interest0000000000
Trade Payables143184180205165206270257331316
Others Liabilities 139106231248227301299306459414
Total Liabilities 6298271,0351,2061,2071,2331,3261,2981,5531,668

Fixed Assets

Net Fixed Assets +398452632832817860856881906922
Gross Block4375317601,0211,0681,1751,2461,3471,4551,553
Accumulated Depreciation3980128189250315390465549630
CWIP 8649351143836223162308
Investments 8121517212426263234
Inventories134114202169123153211203267250
Trade Receivables3713328745262908212587
Cash Equivalents 2231234622
Others Assets 41506261494977765964
Total Assets 6298271,0351,2061,2071,2331,3261,2981,5531,668

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 9558209128154163106154188199
PBT 60759082424242584647
Adjustment 5958679310196108116121117
Changes in Working Capital -7-6080-193033-14-4037
Tax Paid -16-16-27-28-19-8-31-1521-2
Cash Flow From Investing Activity + -53-160-226-195-144-50-76-65-140-265
Capex -53-161-226-192-138-51-76-66-143-263
Net Investments 000-4-70010-3
Others 0111110031
Cash Flow From Financing Activity + -421031766-10-113-29-87-5165
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2050108781-9-25-50-27118
Interest Paid -22-19-20-33-38-33-33-37-40-31
Dividend Paid -4-4-5-5-5-3-5-5-8-8
Others 576-662632-6835524-15
Net Cash Flow 100-11113-4-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.3119.317.7213.656.785.975.957.636.015.8
ROCE (%)21.7519.6718.0815.829.578.85911.210.028.83
Asset Turnover Ratio2.372.381.921.781.381.231.621.791.611.42
PAT to CFO Conversion(x)2.381.073.542.465.56.273.934.166.066.22
Working Capital Days
Receivable Days9.9017.9016.509.4013.9013.8013.3013.4016.5016.90
Inventory Days3226.2032.4034.1032.1033.5031.9032.3037.4041.20
Payable Days55.3049.705045.9053.2059.7052.7051.8060.2066.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jay Bharat Maruti Ltd FAQs

The current trading price of Jay Bharat Maruti on 11-Jun-2026 10:04 is ₹131.4.

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-Jun-2026 the market cap of Jay Bharat Maruti stood at ₹1,438.1 Cr

The latest P/E ratio of Jay Bharat Maruti as of 10-Jun-2026 is 10.43.

The latest P/B ratio of Jay Bharat Maruti as of 10-Jun-2026 is 2.08.

The 52-week high of Jay Bharat Maruti is ₹144.2 and the 52-week low is ₹70.88.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jay Bharat Maruti is ₹2,551 ( 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 Strong which suggest that the price of Jay Bharat Maruti Ltd is likely to Rise 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 
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×