Jay Bharat Maruti Ltd Stock Analysis

BSE: 520066 | NSE: JAYBARMARU | Auto Ancillary | Small Cap

BSE Share Price 29-May-2023 18:01
167.85 2.40 (1.45%)

DeciZen - Make an Informed Decision on Jay Bharat Maruti

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Jay Bharat Maruti Price Chart

P/E Ratio ( SA) :
19.45
Market Cap :
726.8 Cr.
52-wk low :
123.5
52-wk high :
202
Bole Toh?

1. Is Jay Bharat Maruti Ltd a good quality company?

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

2. Is Jay Bharat Maruti Ltd undervalued or overvalued?

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.

3. Is Jay Bharat Maruti Ltd a good buy now?

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

10 Year X-Ray of Jay Bharat Maruti:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%10.7%13.5%14.8%14.1%12%10.2%6.7%5.8%6.1%-
Value Creation Index -0.3-0.2-0.00.10.0-0.2-0.3-0.5-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1801,2111,2941,3021,5271,7301,9941,6591,4992,0782,344
YoY Gr. Rt. %-2.6%6.9%0.6%17.3%13.4%15.2%-16.8%-9.6%38.7%-
Adj EPS 4.65.98.29.312.513.611.86.75.96.48.6
YoY Gr. Rt. %-28%39.7%13.1%33.7%8.9%-13.3%-42.9%-11.6%7.9%-
BVPS (₹) 36.739.847.858.470.383.293.397.7103.9109.3117
Adj Net Profit 19.925.535.640.353.958.750.929.125.727.837
Cash Flow from Ops. 6610788.495.157.6209128154163106-
Debt/CF from Ops. 3.321.81.44.41.43.22.92.23.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.5%6.4%1.4%38.7%
Adj EPS 3.8%-12.4%-18.3%7.9%
BVPS 12.99.25.45.3
Share Price 21.5% -6.5% 32.9% 19%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 13.315.418.817.519.417.713.375.967.6
Op. Profit Mgn % 7.98.88.19.28.89.18.88.69.17.27.4
Net Profit Mgn % 1.72.12.83.13.53.42.61.81.71.31.6
Debt to Equity 1.41.20.80.50.80.811.10.80.80.3
Working Cap Days 5651505354605558595648
Cash Conv. Cycle -12-7-7-42863020

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.60%

Debt to equity has declined versus last 3 years average to 0.79

Sales growth is good in last 4 quarters at 15.43%

Sales growth has been subdued in last 3 years 1.39%

Net Profit has been subdued in last 3 years -18.31%

Latest Financials - Jay Bharat Maruti Ltd.

Standalone Consolidated
TTM EPS (₹) 8.6 8.8
TTM Sales (₹ Cr.) 2,344 2,344
BVPS (₹.) 117 117.3
Reserves (₹ Cr.) 485 486
P/BV 1.43 1.43
PE 19.45 19.17
From the Market
52 Week Low / High (₹) 123.50 / 202.00
All Time Low / High (₹) 1.88 / 374.38
Market Cap (₹ Cr.) 727
Equity (₹ Cr.) 21.7
Face Value (₹) 5
Industry PE 38.9

Management X-Ray of Jay Bharat Maruti :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Jay Bharat Maruti

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Jay Bharat Maruti Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jay Bharat Maruti on 29-May-2023 18:01 is : 167.8.
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 29-May-2023 18:01 the market cap of Jay Bharat Maruti stood at ₹ 726.8.
The latest PE ratio of Jay Bharat Maruti as of 29-May-2023 18:01 is 19.45.
The latest PB ratio of Jay Bharat Maruti as of 29-May-2023 18:01 is 1.43
The 52-week high of Jay Bharat Maruti is ₹ 202.0 and the 52-week low is ₹ 123.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jay Bharat Maruti is ₹ 2,344 ( Cr.) .

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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