JBM Auto Ltd - Stock Valuation and Financial Performance

BSE: 532605 | NSE: JBMA | Auto Ancillary | Small Cap

JBM Auto Share Price

1,758.50 3.90 0.22%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on JBM Auto

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

JBM Auto stock performance -

mw4me loader
P/E Ratio (CD):
137.57
Market Cap:
20,793.8 Cr.
52-wk low:
722.7
52-wk high:
2,417.3

Is JBM Auto Ltd an attractive stock to invest in?

1. Is JBM Auto Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that JBM Auto Ltd is a below average quality company.

2. Is JBM Auto Ltd undervalued or overvalued?

The key valuation ratios of JBM Auto Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is JBM Auto Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JBM Auto Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of JBM Auto:

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.
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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.6%13.5%9.9%10%10.4%11.3%8.3%6.3%10.9%8.6%-
Value Creation
Index
-0.10.0-0.3-0.3-0.3-0.2-0.4-0.6-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3641,5571,5181,5011,6332,2071,9471,9823,1933,8574,533
Sales YoY Gr.-14.2%-2.5%-1.1%8.8%35.2%-11.8%1.8%61.1%20.8%-
Adj EPS 57.45.25.76.99.75.94.413.310.612.8
YoY Gr.-49.7%-30%9.3%21.7%40.4%-39.5%-24.9%201.8%-20.2%-
BVPS (₹) 23.329.533.73540.963.359.563.175.887.194.3
Adj Net
Profit
50.575.652.957.970.498.869.352157125151
Cash Flow from Ops. 20366.414511969.2152370216-142484-
Debt/CF from Ops. 1.57.43.64.48.35.11.73.8-9.73.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.3%18.8%25.6%20.8%
Adj EPS 8.8%9%21.8%-20.2%
BVPS15.8%16.3%13.5%14.9%
Share Price 59% 75% 125.7% 132.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2427.115.916.318.218.610.37.219.11314.1
Op. Profit
Mgn %
11.412.312.61112.511.711.910.510.810.411.5
Net Profit
Mgn %
4.25.94.23.74.14.43.62.64.93.33.3
Debt to
Equity
1.31.61.51.51.41.20.91.11.51.6-
Working Cap
Days
10610513615214914619019716715975
Cash Conv.
Cycle
29252324496275543437-3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Sales growth is growing at healthy rate in last 3 years 25.60%

Net Profit is growing at healthy rate in last 3 years 21.84%

Sales growth is good in last 4 quarters at 16.11%

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

Latest Financials - JBM Auto Ltd.

Standalone Consolidated
TTM EPS (₹) 6.6 12.8
TTM Sales (₹ Cr.) 3,876 4,533
BVPS (₹.) 87.6 94.3
Reserves (₹ Cr.) 1,012 1,092
P/BV 20.08 18.64
PE 268.27 137.57
From the Market
52 Week Low / High (₹) 722.70 / 2417.30
All Time Low / High (₹) 1.43 / 2417.30
Market Cap (₹ Cr.) 20,794
Equity (₹ Cr.) 23.7
Face Value (₹) 2
Industry PE 47.1

Management X-Ray of JBM Auto:

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 JBM Auto

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,3641,5571,5181,5011,6332,2071,9471,9823,1933,857
Operating Expenses 1,2091,3661,3281,3361,4291,9491,7171,7782,8503,459
Manufacturing Costs7780878389140118138180237
Material Costs9881,1051,0221,0521,1391,5461,3561,3822,2852,716
Employee Cost 113139171164165217204205302384
Other Costs 324147373547395383122
Operating Profit 155191190165204258230204343398
Operating Profit Margin (%) 11.3%12.3%12.5%11.0%12.5%11.7%11.8%10.3%10.7%10.3%
Other Income 64615112515122127
Interest 363553534959645576126
Depreciation 404059505675747691130
Exceptional Items 02011000000
Profit Before Tax 84122858811014810778187170
Tax 27302225435238293144
Profit After Tax 5793636268966949156125
PAT Margin (%) 4.2%6.0%4.1%4.2%4.1%4.4%3.5%2.5%4.9%3.2%
Adjusted EPS (₹)4.97.45.16.46.99.65.94.213.210.5
Dividend Payout Ratio (%)6%13%14%12%12%9%12%14%8%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2473113543574176457047468961,030
Share Capital 20303020202024242424
Reserves 2272803233363976256807228731,006
Minority Interest516675637300001
Debt2644414534545016645466941,2081,506
Long Term Debt81186149180225237197213478632
Short Term Debt183255305274276427349482729874
Trade Payables224221388320257409400584561436
Others Liabilities 269215249156186288359440563564
Total Liabilities 1,0551,2541,5191,3501,4352,0062,0092,4643,2293,538

Fixed Assets

Gross Block7671,0291,1046336631,0451,1431,2861,6622,128
Accumulated Depreciation29733739350105210282355449588
Net Fixed Assets4706927115835588348619301,2131,540
CWIP 79122735637090300180268
Investments 13161676914854544974
Inventories158178288216235290296362413424
Trade Receivables241230291308355610495496580469
Cash Equivalents 7117321122183545
Others Assets87114177129130143191302760717
Total Assets 1,0551,2541,5191,3501,4352,0062,0092,4643,2293,538

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2036614511969152370216-142484
PBT 84122859712415010878187170
Adjustment 75741108986128130135173237
Changes in Working Capital 64-109-20-47-113-8715319-482129
Tax Paid -20-21-30-20-28-39-21-15-20-51
Cash Flow From Investing Activity -131-200-116-65-61-190-123-363-295-646
Capex -133-199-116-65-54-172-121-347-267-618
Net Investments 0-300-8-8-7-15-22-45
Others 21100-950-617
Cash Flow From Financing Activity -70138-34-57-846-236140454159
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -67108-166456-5669317162
Interest Paid -35-36-52-49-45-55-61-54-74-136
Dividend Paid -2-7-15-9-10-10-11-8-7-12
Others 357249-52104-108133218144
Net Cash Flow 24-4-40911-716-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)28.0734.4519.5417.8217.4918.110.246.819.0512.99
ROCE (%)21.6623.0816.3415.9817.0117.1912.469.1813.6711.86
Asset Turnover Ratio1.591.511.231.181.211.280.970.891.121.14
PAT to CFO Conversion(x)3.560.712.31.921.011.585.364.41-0.913.87
Working Capital Days
Receivable Days534956657280104916150
Inventory Days34355054494355614440
Payable Days717410912392791091309167

JBM Auto Ltd Stock News

JBM Auto Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JBM Auto on 12-Apr-2024 16:59 is ₹1,758.5.
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 12-Apr-2024 16:59 the market cap of JBM Auto stood at ₹20,793.8.
The latest P/E ratio of JBM Auto as of 12-Apr-2024 16:59 is 268.3.
The latest P/B ratio of JBM Auto as of 12-Apr-2024 16:59 is 20.08.
The 52-week high of JBM Auto is ₹2,417.3 and the 52-week low is ₹722.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JBM Auto is ₹3,876 ( Cr.) .

About JBM Auto Ltd

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 
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