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JBM Auto Ltd. Stock Analysis

Small Cap
Evaluated by 828 users | BSE: 532605 | NSE: JBMA |
Auto Ancillary
JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad. In the year 1993 the Company established a Press Shop for manufacturing of Sheet Metal Components and Welded Sub-assemblies to meet the growing stringent quality requirements of...

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.
JBM Auto Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.39%8.74%10.27%11.25%12.57%13.51%9.85%9.99%10.41%10.37%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4157329671,1711,3641,5571,5181,5011,6331,786
Y-o-Y Gr. Rt.-76.5%32.2%21.1%16.5%14.2%-2.5%-1.1%8.8%9.4%
Adjusted EPS (Rs.) 1.975.395.888.0312.3718.5212.9714.1917.2520.46
Y-o-Y Gr. Rt.-173.6%9.1%36.6%54.1%49.7%-30%9.4%21.6%18.6%
Book Value per Share (Rs.) 23.1428.1334.2541.3658.1673.6984.2487.42102.3121.91
Adjusted Net Profit 8222432.850.575.652.957.970.483.5
Net Op. Cash Flow (Rs. Cr.) 11.949.392.411720366.414511969.2119
Debt to Cash Flow from Ops 19.966.483.763.21.547.423.634.398.275.25
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.
JBM Auto Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.6%5.6%5.6%9.4%
Adjusted EPS 29.7%10.6%16.4%18.6%
Book Value per Share 20.31613.119.2
Share Price 35.6% 2.4% -26.9% 5.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 8.0720.0718.1220.5823.9727.0915.9316.318.1818.25
Operating Profit Margin (%) 11.7610.8111.7411.3511.3712.3112.6210.9912.4811.87
Net Profit Margin (%) 2.213.463.113.254.25.894.183.664.144.43
Debt to Equity 2.392.672.42.161.261.581.491.461.371.26
Working Capital Days 0133126113106105136152149161
Cash Conversion Cycle 0384640292523244970
Entity Percentage Holding
Promoters 67.54%
Institutions 1.03%
Non-Institutions 31.43%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of JBM Auto and arrived at the following conclusion:

Past 10 year's financial track record indicates that JBM Auto is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of JBM Auto's performance infers:

JBM Auto earnings have grown by 10.6%, whereas share price has appreciated 2.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of JBM Auto share prices over the last 10 years. Here is what we found out:

JBM Auto share price has appreciated 28.1% annually over the past ten years.

JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad. In the year 1993 the Company established a Press Shop for manufacturing of Sheet Metal Components and Welded Sub-assemblies to meet the growing stringent quality requirements of automobile industry. The company went for its first public issue in March, 1994.

JBM Auto is JBM Group company, JBM Group created a new meaning for excellence in manufacturing of Sheet Metal Parts and

JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad. In the year 1993 the Company established a Press Shop for manufacturing of Sheet Metal Components and Welded Sub-assemblies to meet the growing stringent quality requirements of automobile industry. The company went for its first public issue in March, 1994.

JBM Auto is JBM Group company, 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.

The other JBM Group companies are:

  • Arcelor Neel Tailored Blank Pvt. Ltd.
  • Indo Toolings
  • Jaico Steel Fasteners Ltd.
  • Jay Bharat Exhaust System Ltd.
  •  Jay Bharat Maruti 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:

The Company’s principal activity is to manufacture and market automotive components. It operates in three segments namely Sheet Metal Division, Special Purpoes Vechile Division and Tool Room Division. The Sheet Metal Division manufactures sheet metal components, assemblies and sub assemblies. The Special Purpoes Vechile Division develops and assembly special purpose vehicle and tool room division manufactures tool, dies and moulds.

Achievements/ recognition:

  • Outstanding Performance in development JBMA by Honda Siel Cars India Ltd. 2007 
  • ECO supplier certification JBMA by Samsung India 2005 
  • Appreciation certificate JBMA by Delphi 2005 
  • Award for outstanding contribution to supply chain management JBMA by Eicher Motors 2004 
  • New City launch - Special award JBMA by HSCIL 2003 
  • Award for outstanding contribution to parts development for sheet metal component group JBMA by Eicher Motors 2002 
  • Certificate of appreciation for performance in category of cost JBMA by HSCIL 2002 
  • Certificate of appreciation for performance in category of quality JBMA by HSCIL 2001 
  • Best improvement award for quality JBMA by HSCIL 2000 
  • Appreciation of the contribution towards TVS - Spectra JBMA by TVS - Suzuki 1998 
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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