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Jagan Lamps Overview

Jagan Lamps Ltd. is an Indian company engaged in the manufacturing of automotive lighting products. The company produces a wide range of halogen bulbs, headlamps, tail lamps, and other lighting solutions used in two-wheelers, four-wheelers, commercial vehicles, and off-road applications. Known for its focus on quality, durability, and performance, Jagan Lamps uses advanced production technologies such as automated filament processing, precision glass blowing, and rigorous testing systems to meet industry standards. Its products serve both OEMs...Read More

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Jagan Lamps Key Financials

Market Cap ₹40 Cr.

Stock P/E 14.2

P/B 1.2

Current Price ₹55

Book Value ₹ 47.6

Face Value 10

52W High ₹97

Dividend Yield 0%

52W Low ₹ 38.3

Jagan Lamps Share Price

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Volume
Price

Jagan Lamps Quarterly Price

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Jagan Lamps Peer Comparison

Jagan Lamps Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 14 12 14 11 15 12 12 9 11 13
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 15 12 14 11 15 12 12 9 11 13
Total Expenditure 13 11 12 10 14 11 10 8 10 12
Operating Profit 1 1 2 1 1 1 2 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 1 1 1 2 1 1 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 1 1 1 0 1 1 1 0 1 1
Adjustments 0 -0 0 0 0 -0 0 0 0 0
Profit After Adjustments 1 1 1 0 1 1 1 0 1 1
Adjusted Earnings Per Share 0.9 0.8 1.6 0.5 1 0.8 1.6 0.5 0.7 0.8

Jagan Lamps Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 18 13 13 15 19 23 31 45 47 51 50 45
Other Income 0 1 0 1 1 0 1 1 1 1 1 0
Total Income 18 14 13 15 20 24 31 46 48 52 50 45
Total Expenditure 15 12 11 13 17 20 27 41 42 46 44 40
Operating Profit 3 1 2 2 3 3 4 5 5 6 6 5
Interest 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 0 1 1 1 2 3 3 4 4 4 5
Provision for Tax 1 0 0 0 0 1 1 1 1 1 1 0
Profit After Tax 1 0 1 1 1 2 2 2 3 3 3 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 1 1 1 2 2 2 3 3 3 3
Adjusted Earnings Per Share 1.8 0 0.8 0.7 1.4 2.5 3 3.3 3.7 4 3.9 3.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% 4% 17% 11%
Operating Profit CAGR 0% 6% 15% 7%
PAT CAGR 0% 14% 8% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -17% -2% 10% 20%
ROE Average 9% 10% 10% 7%
ROCE Average 12% 12% 13% 9%

Jagan Lamps Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 16 16 16 17 18 19 22 25 27 30 33
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 1 1 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 1 1 1 2 2 2 2 2
Total Current Liabilities 12 11 8 9 8 7 8 10 10 10 18
Total Liabilities 30 28 26 27 27 28 31 37 40 42 53
Fixed Assets 22 22 22 22 20 19 19 19 19 18 17
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 7 6 4 6 6 8 12 18 21 24 36
Total Assets 30 28 26 27 27 28 31 37 40 42 53

Jagan Lamps Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 0 0 0 0 0 1 1 0 1 0
Cash Flow from Operating Activities 4 2 1 -2 2 1 0 -3 2 -0 -3
Cash Flow from Investing Activities -5 -1 -1 -1 -0 -0 -1 -2 -1 -0 -0
Cash Flow from Financing Activities -1 -1 -0 2 -2 0 0 4 0 -1 3
Net Cash Inflow / Outflow -2 0 0 -0 0 1 -0 -1 1 -1 0
Closing Cash & Cash Equivalent 0 0 0 0 0 1 1 0 1 0 0

Jagan Lamps Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.76 0 0.79 0.74 1.4 2.46 3.03 3.34 3.65 4.03 3.89
CEPS(Rs) 3.03 1.2 2.58 2.45 3.17 4.21 4.77 5.07 5.5 5.88 5.79
DPS(Rs) 0 0 0 0 0 0 1 1 0 0 0
Book NAV/Share(Rs) 22.89 22.89 23.68 24.42 25.82 28.28 31.26 35.43 37.46 41.52 45.62
Core EBITDA Margin(%) 15.27 3.2 13.71 10.24 7.39 12.94 11.67 7.34 9.43 9.45 11.13
EBIT Margin(%) 10.45 4.2 6.78 6.8 7.27 9.85 9.55 7.7 8.46 8.14 9.52
Pre Tax Margin(%) 9.93 3.47 6.15 6.46 6.76 9.69 9.42 7.48 7.6 7.68 7.54
PAT Margin (%) 6.84 0.01 4.13 3.48 5.22 7.33 6.76 5.34 5.7 5.74 5.7
Cash Profit Margin (%) 11.77 6.49 13.51 11.52 11.8 12.54 10.66 8.11 8.59 8.38 8.48
ROA(%) 4.23 0.01 2 1.89 3.57 6.22 7.1 7.02 6.93 7.16 5.93
ROE(%) 8 0.01 3.38 3.08 5.59 9.09 10.16 10.19 10.12 10.19 8.93
ROCE(%) 9.55 2.63 4.95 5.44 6.96 11.49 13.46 13.03 12.56 12.09 12.08
Receivable days 62.55 56.46 39.34 57.16 60.59 58.34 57.49 59.76 70.22 66.55 72.69
Inventory Days 42.5 73.31 48.08 34.47 33.73 37.14 39.63 41.02 61.57 74.25 127.93
Payable days 144.49 203.53 225.93 164.27 143.21 118.09 75.34 46.92 31.45 23.99 49.61
PER(x) 5 3510.14 15.24 20.86 8.9 6.73 10.38 18.27 13.25 28.26 18.76
Price/Book(x) 0.38 0.37 0.51 0.63 0.48 0.59 1 1.72 1.29 2.74 1.6
Dividend Yield(%) 0 0 0 0 0 0 3.18 1.64 0 0 0
EV/Net Sales(x) 0.66 0.73 0.65 0.92 0.51 0.51 0.72 1.07 0.85 1.72 1.25
EV/Core EBITDA(x) 4.32 6.8 4.01 6.21 3.68 3.36 5.38 10.25 7.49 15.96 10.14
Net Sales Growth(%) 2.49 -28.1 3.07 11.34 26.52 24.93 33.26 44.95 4.63 9.42 -2.69
EBIT Growth(%) -1.25 -71.09 66.2 11.66 35.35 69.2 29.26 16.9 14.91 5.32 13.74
PAT Growth(%) 2.31 -99.86 0 -5.96 89.57 75.26 22.95 14.63 11.53 10.22 -3.39
EPS Growth(%) 2.31 -99.86 0 -5.96 89.58 75.26 22.95 10.36 9.41 10.22 -3.39
Debt/Equity(x) 0.37 0.22 0.03 0.17 0.07 0.06 0.07 0.18 0.21 0.18 0.28
Current Ratio(x) 0.63 0.53 0.48 0.61 0.79 1.21 1.56 1.8 2 2.44 2
Quick Ratio(x) 0.41 0.29 0.37 0.41 0.59 0.75 1.09 1.15 1.1 1.28 0.71
Interest Cover(x) 20.13 5.73 10.73 20.43 14.27 60.45 72.56 34 9.87 17.34 4.81
Total Debt/Mcap(x) 0.95 0.58 0.06 0.27 0.14 0.11 0.07 0.1 0.17 0.07 0.18

Jagan Lamps Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 57.78 57.78 57.78 57.78 57.78 57.78 57.78 57.78 57.78 57.78
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 42.22 42.22 42.22 42.22 42.22 42.22 42.22 42.22 42.22 42.22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Jagan Lamps News

Jagan Lamps Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 23.99 to 49.61days.
  • The company has delivered a poor profit growth of 8% over past five years.
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