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BSE: 520057 | NSE: JTEKTINDIA | Auto Ancillary | Small Cap
1. Is JTEKT India Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that JTEKT India Ltd is a average quality company.
2. Is JTEKT India Ltd undervalued or overvalued?
The key valuation ratios of JTEKT India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is JTEKT India Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of JTEKT India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.1% | 9.8% | 8.3% | 7.2% | 8.1% | 10.8% | 10.4% | 5.1% | 2.1% | 5.4% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.3 | -0.4 | -0.5 | -0.4 | -0.2 | -0.3 | -0.6 | -0.9 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 1,460 | 1,492 | 1,553 | 1,518 | 1,211 | 1,519 | 1,754 | 1,511 | 1,333 | 1,589 | 2,044 | ||
| YoY Gr. Rt. % | - | 2.2% | 4.1% | -2.2% | -20.2% | 25.4% | 15.5% | -13.9% | -11.8% | 19.2% | - | ||
| Adj EPS ⓘ | 1.7 | 2.2 | 1.9 | 1.6 | 2 | 3.2 | 3 | 1.3 | 0.4 | 1.4 | 3.3 | ||
| YoY Gr. Rt. % | - | 30.4% | -14.8% | -17.9% | 26.9% | 60.6% | -6.9% | -56.4% | -65.9% | 227.3% | - | ||
| BVPS (₹) ⓘ | 13.2 | 15.5 | 16.3 | 17.5 | 19.3 | 27.4 | 24.3 | 24.4 | 24.5 | 25.8 | 28.8 | ||
| Adj Net Profit ⓘ | 34.1 | 44.3 | 37.7 | 31 | 39.3 | 63.3 | 72.4 | 31.6 | 10.7 | 35.2 | 81 | ||
| Cash Flow from Ops. ⓘ | 99.2 | 163 | 199 | 131 | 162 | 178 | 184 | 125 | 91.3 | 108 | - | ||
| Debt/CF from Ops. ⓘ | 4.1 | 2.1 | 1.5 | 2.3 | 1.5 | 1.3 | 1 | 0.6 | 0.5 | 0.6 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 0.9% | 5.6% | -3.2% | 19.2% | ||||||||
| Adj EPS ⓘ | -1.9% | -6.2% | -21.4% | 227.3% | ||||||||
| BVPS ⓘ | 7.8 | 6 | 2.1 | 5.6 | ||||||||
| Share Price | 29.4% | 6.7% | 35.8% | 76.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 13.6 | 15.5 | 11.9 | 9.2 | 10.8 | 13.7 | 12.7 | 5.3 | 1.8 | 5.7 | 12.2 | |
| Op. Profit Mgn % ⓘ | 11.3 | 12.2 | 13.9 | 12.9 | 12.3 | 14 | 12.6 | 9.2 | 7.7 | 8 | 9.1 | |
| Net Profit Mgn % ⓘ | 3 | 4.2 | 3.8 | 3.2 | 2.9 | 4.3 | 4.4 | 2.4 | 1 | 2.5 | 4 | |
| Debt to Equity ⓘ | 1.6 | 1.1 | 0.9 | 0.9 | 0.7 | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0 | |
| Working Cap Days ⓘ | 90 | 92 | 86 | 91 | 101 | 102 | 119 | 127 | 133 | 114 | 92 | |
| Cash Conv. Cycle ⓘ | 6 | 14 | 11 | 13 | 14 | 24 | 32 | 38 | 47 | 41 | 42 | |
Return on Equity has increased versus last 3 years average to 12.20%
Sales growth is good in last 4 quarters at 30.54%
Sales growth has been subdued in last 3 years -3.24%
Net Profit has been subdued in last 3 years -21.35%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.3 | 3.3 |
| TTM Sales (₹ Cr.) | 2,073 | 2,044 |
| BVPS (₹.) ⓘ | 27.7 | 28.8 |
| Reserves (₹ Cr.) ⓘ | 652 | 678 |
| P/BV ⓘ | 4.95 | 4.75 |
| PE ⓘ | 41.98 | 41.04 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 70.65 / 201.10 |
| All Time Low / High (₹) | 1.09 / 201.10 |
| Market Cap (₹ Cr.) | 3,349 |
| Equity (₹ Cr.) | 24.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 40.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Established in 1984, JTEKT India Limited (formerly known as Sona Koyo Steering Systems Limited) is a subsidiary of JTEKT Corporation Japan and operates as part of JTEKT Group India. It is leading automotive components manufacturer. The globally recognised manufacturer of steering systems and automotive components, JTEKT India, caters to most vehicle manufacturers nationally as well as internationally. Some of the major original equipment manufacturers (OEMs) namely Maruti Suzuki, Toyota, Tata Motors, Mahindra & Mahindra, General Motors, Fiat India, Isuzu Motors, Renault India, Honda and Nissan procure ancillary equipment from JTEKT India.
The company also exports its products to the USA, Europe, and Japan independently as well as through overseas partners. Over the last three decades, the Company has successfully strengthened its presence in two core product technologies – steering systems and driveline components. Spread geographically to seven manufacturing units across India, JTEKT India has five Plants in Haryana (the automotive hub of India), one in Gujarat, and one in Tamil Nadu.
Business area of the company
The company is engaged in the business of manufacturing / production, supply and sale of steering systems, axles and other auto ancillaries to almost all Indian passenger car and utility vehicle manufacturers.
Products
The product portfolio of the company includes High-performance Rack and Pinion Manual Steering Gear, Hydraulic Power Steering System, Recirculating Ball Screw Assembly, Column type Electric Power Steering, Tilt & telescopic steering column, intermediate shaft, Advanced Column & telescopic intermediate shaft, Electric Power-Assist Module (EPAM), Rear Axle Assembly and other Driveline products.
Awards
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2010-11:
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2012-13:
2013-14:
2015-16:
2016-17:
2017-18:
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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