Jamna Auto Inds.

₹128 1.1 | 0.8%

WEBSITE BSE:520051 NSE : JAMNA AUTO 10 May, 16:01

Market Cap ₹5106 Cr.

Stock P/E 25.1

P/B 5.7

Current Price ₹128

Book Value ₹ 22.3

Face Value 1

52W High ₹143.9

Dividend Yield 1.48%

52W Low ₹ 96

Edit Ratio

Jamna Auto Inds. Research see more...

Overview Inc. Year: 1965Industry: Auto Ancillary

Jamna Auto Industries Ltd is engaged in presenting automobile suspension solutions for business automobiles. It's engaged in the business of manufacturing and selling of tapered leaf springs and parabolic. The Company's products include Suspension Products, such as Rear Air Suspension-Cow Horn Style; Lift Axle-Steerable/Non Steerable, and Bogie Suspension-Tandem Axle; Multileaf Springs, and Parabolic Springs. The Company's Rear Air Suspension-Cow Horn Style functions consist of upper v-link for lateral positioning, manageable axle thrust and pinion angle, and is designed to be serviceable the usage of commonplace tools. Its Lift Axle-Steerable/Non Steerable functions consist of auto load sensing system; lift over ride in cab; steer lock gadget, and reverse caster shocks. Its manufacturing plants are in numerous areas, along with Yamuna Nagar, Haryana; Bhind, Madhya Pradesh; Kharsawan, Jharkhand; Krishnagiri, Tamil Nadu; Pune, Maharashtra, and Sriperumbudur, Tamil Nadu.

Jamna Auto Inds. Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Jamna Auto Inds. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	352	445	626	548	553	591	634	575	607	604
Other Income	2	1	1	2	7	1	3	1	2	1
Total Income	354	445	627	549	559	592	637	577	609	605
Total Expenditure	307	385	539	488	497	525	554	502	528	518
Operating Profit	47	60	88	62	63	67	82	75	81	88
Interest	1	1	1	1	1	1	1	1	1	2
Depreciation	9	9	11	10	10	10	11	11	11	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	37	51	77	51	52	56	71	63	69	74
Provision for Tax	10	14	20	13	15	15	18	17	19	19
Profit After Tax	27	37	57	37	37	41	52	46	50	55
Adjustments	-0	-0	-0	0	-0	0	0	0	0	0
Profit After Adjustments	27	37	57	37	37	41	52	46	50	55
Adjusted Earnings Per Share	0.7	0.9	1.4	0.9	0.9	1	1.3	1.1	1.3	1.4

Jamna Auto Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	980	833	1095	1256	1292	1738	2135	1129	1079	1718	2325	2420
Other Income	2	2	2	8	6	9	11	17	10	5	12	7
Total Income	982	835	1097	1264	1299	1747	2146	1146	1090	1723	2337	2428
Total Expenditure	895	786	1001	1094	1091	1499	1856	1014	946	1491	2063	2102
Operating Profit	88	49	97	171	207	248	289	131	144	232	274	326
Interest	27	24	18	20	14	20	28	18	7	4	3	5
Depreciation	29	26	31	45	48	41	46	41	36	37	41	45
Exceptional Income / Expenses	0	18	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	32	17	47	105	145	186	215	72	101	191	229	277
Provision for Tax	4	3	18	33	40	61	78	24	28	50	61	73
Profit After Tax	28	14	29	72	105	125	137	48	73	141	168	203
Adjustments	-0	-0	-0	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	28	14	29	72	105	125	137	48	73	141	168	203
Adjusted Earnings Per Share	0.7	0.3	0.7	1.8	2.6	3.1	3.5	1.2	1.8	3.5	4.2	5.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	27%	6%	9%
Operating Profit CAGR	18%	28%	2%	12%
PAT CAGR	19%	52%	6%	20%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	22%	20%	32%
ROE Average	23%	20%	19%	22%
ROCE Average	28%	23%	27%	30%

Jamna Auto Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	175	182	196	243	333	424	510	517	580	685	784
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	42	66	25	5	10	25	4	51	0	0	0
Other Non-Current Liabilities	19	19	21	12	18	19	21	37	37	35	34
Total Current Liabilities	366	273	252	224	195	315	525	183	374	465	235
Total Liabilities	601	539	495	484	556	782	1059	787	991	1184	1054
Fixed Assets	265	259	242	211	281	301	373	369	351	436	434
Other Non-Current Assets	57	35	48	106	79	65	94	175	162	80	124
Total Current Assets	279	245	205	167	195	416	592	244	478	669	496
Total Assets	601	539	495	484	556	782	1059	787	991	1184	1054

Jamna Auto Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	9	11	9	5	9	7	19	1	38	23
Cash Flow from Operating Activities	87	45	98	138	81	126	281	-1	100	1	344
Cash Flow from Investing Activities	-32	24	-22	-75	-83	-72	-130	-97	-18	-36	-88
Cash Flow from Financing Activities	-55	-66	-78	-65	6	-57	-139	80	-45	20	-228
Net Cash Inflow / Outflow	-1	3	-2	-3	4	-2	12	-19	37	-15	28
Closing Cash & Cash Equivalent	9	11	9	6	9	7	19	1	38	23	51

Jamna Auto Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.69	0.34	0.74	1.8	2.64	3.15	3.45	1.2	1.83	3.53	4.22
CEPS(Rs)	1.43	1.01	1.53	2.94	3.83	4.18	4.62	2.24	2.73	4.46	5.25
DPS(Rs)	0.2	0.1	0.22	0.55	0.7	0.85	0.95	0.4	0.75	1.5	1.9
Book NAV/Share(Rs)	4.33	4.55	4.96	6.1	8.35	10.64	12.79	12.97	14.54	17.12	19.58
Core EBITDA Margin(%)	8.1	5.27	7.97	11.9	14.28	13.61	13.05	10.15	12.38	13.23	11.27
EBIT Margin(%)	5.58	4.56	5.52	9.19	11.33	11.75	11.38	7.96	10.02	11.38	10.01
Pre Tax Margin(%)	3.05	1.87	4	7.7	10.31	10.59	10.09	6.35	9.35	11.13	9.86
PAT Margin (%)	2.63	1.55	2.48	5.24	7.45	7.13	6.44	4.24	6.76	8.2	7.24
Cash Profit Margin (%)	5.37	4.45	5.1	8.56	10.83	9.48	8.61	7.91	10.06	10.33	9
ROA(%)	4.5	2.43	5.69	14.62	20.2	18.73	14.93	5.19	8.2	12.94	15.04
ROE(%)	17.14	7.89	15.62	32.61	36.52	33.12	29.45	9.33	13.31	22.32	23.02
ROCE(%)	17.33	12.59	23.04	48.29	48.09	46.29	48.62	15.33	15.99	25.1	27.95
Receivable days	40.74	43.94	25.36	12.58	9.3	23.41	42.34	62.11	42.36	48.77	28.81
Inventory Days	46.32	47.45	32.31	28.99	28.51	28.17	33.12	58.02	57.4	55.54	50.11
Payable days	97.76	49.09	24.73	28.76	34.91	47	42.16	37.95	30.2	27.66	19.82
PER(x)	11.42	20.83	32.86	15.43	16.13	25	18.18	19.8	37.07	28.14	23.5
Price/Book(x)	1.82	1.56	4.9	4.56	5.09	7.39	4.91	1.83	4.67	5.81	5.07
Dividend Yield(%)	2.53	1.4	0.91	1.98	1.65	1.08	1.51	1.68	1.1	1.51	1.91
EV/Net Sales(x)	0.48	0.47	0.93	0.88	1.36	1.83	1.16	0.96	2.57	2.39	1.69
EV/Core EBITDA(x)	5.31	8.04	10.52	6.52	8.45	12.84	8.56	8.28	19.32	17.72	14.31
Net Sales Growth(%)	-12.46	-14.98	31.41	14.68	2.92	34.48	22.82	-47.12	-4.38	59.14	35.36
EBIT Growth(%)	-15.91	-30.76	60.38	91.64	27.39	29.35	17.68	-63.02	20.41	80.62	19.13
PAT Growth(%)	-34.28	-50.08	112.32	143.34	46.79	19.39	9.69	-65.17	52.39	92.98	19.58
EPS Growth(%)	-28.12	-50.48	115.96	143.64	46.41	19.37	9.69	-65.17	52.39	92.91	19.51
Debt/Equity(x)	0.95	0.69	0.33	0.07	0.22	0.15	0.01	0.28	0.2	0.26	0.02
Current Ratio(x)	0.76	0.9	0.81	0.74	1	1.32	1.13	1.33	1.28	1.44	2.11
Quick Ratio(x)	0.4	0.53	0.38	0.26	0.42	0.82	0.69	0.62	0.72	0.76	0.72
Interest Cover(x)	2.2	1.69	3.63	6.16	11.1	10.11	8.83	4.93	14.77	46.85	67.45
Total Debt/Mcap(x)	0.53	0.44	0.07	0.01	0.04	0.02	0	0.15	0.04	0.04	0

Jamna Auto Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50	49.98	49.98	49.98	49.98	49.95	49.95	49.95	49.95	49.94
FII	6.7	5.55	6.63	7.08	6.47	6.24	3.28	5.79	5.71	7.67
DII	12.87	13.55	13.83	13.38	14.45	15.14	14.61	12.28	10.76	7.14
Public	30.43	30.92	29.56	29.56	29.1	28.67	32.15	31.98	33.58	35.24
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	19.92	19.92	19.92	19.92	19.92	19.92	19.92	19.92	19.92	19.92
FII	2.67	2.21	2.64	2.82	2.58	2.49	1.31	2.31	2.28	3.06
DII	5.13	5.4	5.51	5.33	5.76	6.04	5.83	4.9	4.29	2.85
Public	12.12	12.33	11.78	11.78	11.6	11.44	12.82	12.75	13.39	14.06
Others	0	0	0	0	0	0	0	0	0	0
Total	39.85	39.86	39.86	39.86	39.86	39.88	39.88	39.88	39.89	39.89

Pros

Debtor days have improved from 27.66 to 19.82days.
Company is almost debt free.

Cons

Promoter holding is low: 49.94%.
Stock is trading at 5.7 times its book value.
The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.