Jay Ushin Ltd Stock Analysis

BSE: 513252 | NSE: | Auto Ancillary | Small Cap

BSE Share Price Jan 17, 12:03
499.00 11.30 (2.32%)

DeciZen - Make an Informed Decision on Jay Ushin

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued
P/E P/S EV/EBITDA

3. Price Trend

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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 9.9%8.3%11.6%9.4%9.4%6.6%9.3%10.3%7.3%3.1%-
Value Creation Index -0.3-0.4-0.2-0.3-0.3-0.5-0.3-0.3-0.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 459517580650688788860855663577698
YoY Gr. Rt. %-12.5%12.3%12.1%5.8%14.5%9.2%-0.6%-22.5%-13%-
Adj EPS 11.411.1211510.98.627.430.99.9-8.950.9
YoY Gr. Rt. %--2.3%88.1%-28.5%-27.1%-21.5%219.8%12.6%-67.9%-189.5%-
BVPS (₹) 8695.7110117.1130142.4168.2193.5196.8187.7198
Adj Net Profit 4.44.38.15.84.23.310.611.93.8-3.420
Cash Flow from Ops. 7.635.240.342.4-12.3-30.1-27.142.866.310.4-
Debt/CF from Ops. 122.31.81.5-7-4-5.73.71.911.4-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 2.6%-3.5%-12.5%-13%
Adj EPS -197.2%-195.9%-168.6%-189.5%
BVPS 9.17.63.7-4.6
Share Price 20.4% 15.6% 4.7% 9.7%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 13.712.320.413.28.86.317.717.15.1-4.626.4
Op. Profit Mgn % 3.52.33.22.72.51.92.54.34.83.76
Net Profit Mgn % 10.81.40.90.60.41.21.40.6-0.62.8
Debt to Equity 2.72.21.71.41.72.22.42.11.71.60.5
Working Cap Days 888475656973889811612276
Cash Conv. Cycle -5-7-16-21-170212622260

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.40%

Debt to equity has declined versus last 3 years average to 1.63

Sales growth is good in last 4 quarters at 118.05%

Sales growth has been subdued in last 3 years -12.49%

Net Profit has been subdued in last 3 years -168.63%

Latest Financials - Jay Ushin Ltd.

Standalone Consolidated
TTM EPS (₹) 50.9 19.6
TTM Sales (₹ Cr.) 698 681
BVPS (₹.) 198 0
Reserves (₹ Cr.) 73 76
P/BV 2.46 0.00
PE 9.58 24.86
From the Market
52 Week Low / High (₹) 387.20 / 628.00
All Time Low / High (₹) 3.00 / 917.60
Market Cap (₹ Cr.) 188
Equity (₹ Cr.) 3.9
Face Value (₹) 10
Industry PE 42.5

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 (%)

Event Update

Analyst's Notes

News

About Jay Ushin Ltd

Jay Ushin Ltd. a JBM Group company, was incorporated as a Joint Venture company with U Shin Ltd, Japan for manufacture of auto electrical, mechanical & electronic components for four wheelers in 1986. It is a leading OEM manufacturer of automotive assemblies in India. Its products include lock sets, latches, switches & body parts.

The company is a major OE supplier  to almost all makers of four wheeler as well as two wheelers in India includes Maruti Suzuki Limited, Hyundai Motors India Ltd., General Motors, Honda Siel, Honda Motor Cycle & Scooters Division, Mahindra & Mahindra and Tata Motors Ltd..

The company has its main plant and head office at Gurgaon (Haryana). Jay Ushin is a quality-oriented company. It is commited to satisfy the needs and expectations of the customers by continuous improvement in quality and timely delivery of its products.

Product range of the company includes:

  • Security Systems - Key sets, Immobiliser, keyless entry, remote Locking, etc.
  • Body Parts - Door latches, central locking, door handles, hood latches, striker, etc. 
  • Switches - Combination switches, panel switches, handle bar, hazard warning, power window, and defogger switches, stop & back-up lamps, etc.
  • Others - Heater control lever assembly, heater panel assembly, tank units

Milestones:

  • 1986 Incorporated as a Joint Venture Co. with M/s U shin Ltd, Japan for manufacture of auto electrical, mechanical & rlectronic components for four wheelers.
  •  1989 Commencement of production & supply of locksets to Maruti Udyog
  • 1995 Technical Collaboration with M/s YNS Inc, Japan for instrument clusters.
  • 1996 Commercial production & supply of instrument clusters to Maruti Udyog
  • 1998 Technical collaboration with M/s Shinchang Electric Co Ltd, Korea for manufacture of key sets & multi function switches for M/s Hyundai Motor India Ltd.

Achievements/ recognition:

  • 1997- ISO-9001 Certification by TUV, Germany.
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