Jay Bharat Maruti

₹111.4 1.4 | 1.3%

WEBSITE BSE:520066 NSE : JAYBH.MARUTI 10 May, 16:01

Market Cap ₹1206 Cr.

Stock P/E 40.4

P/B 2.3

Current Price ₹111.4

Book Value ₹ 48.4

Face Value 2

52W High ₹180

Dividend Yield 0.63%

52W Low ₹ 65.6

Edit Ratio

Jay Bharat Maruti Research see more...

Overview Inc. Year: 1987Industry: Auto Ancillary

Jay Bharat Maruti Ltd is engaged in production of sheet metallic additives, welded assemblies, exhaust systems, fuel fillers (gasoline pipe), chassis and suspension components, and components for automobiles. The Company additionally offers rear axles. The Company's products additionally include assemblies and sub assemblies, muffler assemblies, fuel neck, and dies and gear. The Company has a total supply of about 128,000 elements per day. The Company's plants are situated at Sector 36, Mohammadpur Jharsa, Near Khandsa Village, Gurgaon, Haryana; Plot No. 15 and 22, Sector 3A, Maruti Supplier Park, IMT Manesar, Gurgaon, Haryana, Plot No. Five, Maruti Joint Venture Gurgaon, Haryana; and Plot No. 322, Sector -3, Phase - II, Bawal, Haryana. The Company's operational centres consist of stamping, welding, fuel pipe production, die manufacturing, painting and plating. The Company's plant additionally have coordinate measuring policies and other quality control/guarantee associated gadget.

Jay Bharat Maruti Share Price

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Peer Comparison

Jay Bharat Maruti 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	468	506	695	554	581	536	673	533	613	548
Other Income	0	0	0	0	1	0	0	1	0	1
Total Income	468	506	695	554	581	536	674	534	614	548
Total Expenditure	436	466	647	515	537	496	622	496	568	507
Operating Profit	32	40	48	39	44	40	52	38	46	41
Interest	8	8	8	8	10	9	10	9	10	11
Depreciation	18	19	20	20	20	20	20	21	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	6	12	20	11	14	11	22	7	14	10
Provision for Tax	2	5	6	4	5	4	8	2	5	4
Profit After Tax	3	7	14	8	9	7	14	5	9	6
Adjustments	0	0	0	0	0	0	0	0	1	0
Profit After Adjustments	4	7	14	8	9	7	14	5	9	7
Adjusted Earnings Per Share	0.3	0.7	1.3	0.7	0.8	0.6	1.3	0.5	0.3	0.6

Jay Bharat Maruti Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1994	1659	1499	2078	2344	2367
Other Income	3	2	5	0	1	2
Total Income	1997	1660	1503	2079	2345	2370
Total Expenditure	1819	1517	1363	1928	2171	2193
Operating Profit	178	143	140	150	175	177
Interest	34	38	33	33	37	40
Depreciation	61	63	66	75	80	83
Exceptional Income / Expenses	0	0	0	0	0	0
Profit Before Tax	82	42	42	43	58	53
Provision for Tax	30	14	16	15	21	19
Profit After Tax	52	28	26	28	38	34
Adjustments	-0	0	0	0	0	1
Profit After Adjustments	52	28	26	28	38	35
Adjusted Earnings Per Share	4.8	2.6	2.4	2.6	3.5	2.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	12%	0%	0%
Operating Profit CAGR	17%	7%	0%	0%
PAT CAGR	36%	11%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	69%	23%	20%	26%
ROE Average	8%	7%	8%	8%
ROCE Average	11%	10%	11%	11%

Jay Bharat Maruti Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	404	423	450	474	508
Minority's Interest	0	0	0	0	0
Borrowings	269	279	231	202	140
Other Non-Current Liabilities	108	117	111	115	115
Total Current Liabilities	424	387	442	536	536
Total Liabilities	1205	1207	1233	1327	1299
Fixed Assets	832	817	860	856	881
Other Non-Current Assets	109	203	150	154	59
Total Current Assets	265	186	223	317	360
Total Assets	1205	1207	1233	1327	1299

Jay Bharat Maruti Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	1	2	2	3
Cash Flow from Operating Activities	128	154	163	106	154
Cash Flow from Investing Activities	-195	-144	-50	-76	-65
Cash Flow from Financing Activities	66	-10	-113	-29	-87
Net Cash Inflow / Outflow	-1	1	1	1	3
Closing Cash & Cash Equivalent	1	2	2	3	6

Jay Bharat Maruti Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.81	2.61	2.42	2.6	3.5
CEPS(Rs)	10.5	8.36	8.52	9.57	10.9
DPS(Rs)	1	0.5	0.5	0.5	0.7
Book NAV/Share(Rs)	37.32	39.09	41.56	43.81	46.94
Core EBITDA Margin(%)	8.75	8.5	9.07	7.21	7.39
EBIT Margin(%)	5.82	4.84	4.99	3.65	4.07
Pre Tax Margin(%)	4.1	2.54	2.79	2.07	2.5
PAT Margin (%)	2.62	1.69	1.75	1.35	1.62
Cash Profit Margin (%)	5.7	5.46	6.15	4.99	5.03
ROA(%)	4.33	2.32	2.15	2.2	2.89
ROE(%)	12.92	6.76	6.01	6.09	7.72
ROCE(%)	14.36	9.57	8.89	9.11	11.3
Receivable days	13.57	13.87	13.81	13.33	13.43
Inventory Days	30.97	32.11	33.54	31.94	32.25
Payable days	48.72	53.17	59.74	52.73	51.84
PER(x)	10.85	7.67	18.8	21.83	14.99
Price/Book(x)	1.4	0.51	1.1	1.3	1.12
Dividend Yield(%)	0.96	1.25	0.55	0.88	1.33
EV/Net Sales(x)	0.49	0.4	0.57	0.47	0.38
EV/Core EBITDA(x)	5.45	4.62	6.08	6.55	5.11
Net Sales Growth(%)	0	-16.82	-9.63	38.67	12.79
EBIT Growth(%)	0	-30.86	-6.79	1.34	25.82
PAT Growth(%)	0	-46.4	-6.19	7.29	34.68
EPS Growth(%)	0	-45.77	-7.06	7.29	34.68
Debt/Equity(x)	1	1.05	0.81	0.79	0.65
Current Ratio(x)	0.62	0.48	0.5	0.59	0.67
Quick Ratio(x)	0.22	0.16	0.16	0.2	0.29
Interest Cover(x)	3.38	2.11	2.27	2.32	2.59
Total Debt/Mcap(x)	0.71	2.06	0.74	0.61	0.58

Jay Bharat Maruti Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.35	59.35	59.35	59.35	59.35	59.35	59.35	59.35	59.35	59.35
FII	3.49	3.5	3.43	3.48	3.42	3.4	3.55	3.71	3.63	2.61
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	37.14	37.13	37.19	37.15	37.2	37.23	37.07	36.91	36.99	38.02
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	2.57	2.57	2.57	2.57	2.57	2.57	2.57	2.57	6.42	6.42
FII	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.39	0.28
DII	0	0	0	0	0	0	0	0	0	0
Public	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.6	4	4.12
Others	0	0	0	0	0	0	0	0	0	0
Total	4.33	4.33	4.33	4.33	4.33	4.33	4.33	4.33	10.83	10.83

Pros

Debtor days have improved from 52.73 to 51.84days.
Company has reduced debt.

Cons

Company has a low return on equity of 7% over the last 3 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.