Jay Ushin

₹777.4 0 | 0%

WEBSITE BSE:513252 NSE : JAY USHIN 18 May, 12:50

Market Cap ₹300 Cr.

Stock P/E 21.9

P/B 2.8

Current Price ₹777.4

Book Value ₹ 277.4

Face Value 10

52W High ₹899

Dividend Yield 0.39%

52W Low ₹ 556.3

Edit Ratio

Jay Ushin Research see more...

Overview Inc. Year: 1986Industry: Auto Ancillary

Jay Ushin Ltd is a dynamic and innovative company operating in the automotive industry. Established with a vision to excel in the global market, Jay Ushin specializes in the manufacturing and distribution of a wide range of automotive components and systems. With a strong focus on research and development, the company consistently strives to deliver cutting-edge solutions that meet the evolving needs of the industry. Jay Ushin is renowned for its commitment to quality and precision engineering. By leveraging advanced technologies and adhering to stringent quality standards, the company ensures that its products exhibit exceptional performance, reliability, and durability. Their diverse product portfolio includes components such as switches, sensors, electronics, plastic parts, and interior systems. With a global presence, Jay Ushin serves as a trusted partner to leading automobile manufacturers, contributing to the production of high-quality vehicles worldwide. Committed to sustainable practices, the company prioritizes environmental consciousness in its operations, promoting responsible manufacturing and minimizing its ecological footprint. Through innovation, reliability, and customer satisfaction, Jay Ushin continues to make a significant impact in the automotive industry.

Jay Ushin Share Price

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Peer Comparison

Jay Ushin 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	176	159	186	187	203	170	174	162	201	177
Other Income	3	4	5	3	4	3	4	4	4	3
Total Income	180	163	191	191	207	173	178	166	205	180
Total Expenditure	168	152	178	179	194	162	167	157	193	169
Operating Profit	11	12	13	12	13	11	11	9	12	11
Interest	3	4	4	3	3	3	4	3	4	3
Depreciation	3	4	4	4	4	4	3	2	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	5	4	4	5	5	4	4	4	5	5
Provision for Tax	2	1	0	1	1	1	1	1	1	1
Profit After Tax	3	3	4	4	4	3	3	3	4	4
Adjustments	0	0	0	0	0	-0	0	-0	0	0
Profit After Adjustments	3	3	4	4	4	3	3	3	4	4
Adjusted Earnings Per Share	8.2	8.7	10.1	9.8	9.8	7.4	7.5	7	11.1	10

Jay Ushin 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	517	580	650	688	788	860	855	663	577	657	734	714
Other Income	12	9	13	19	16	14	10	10	13	15	15	15
Total Income	528	590	663	706	804	875	865	673	589	671	749	729
Total Expenditure	504	562	633	673	773	840	820	635	556	625	702	686
Operating Profit	24	27	30	34	31	35	45	38	33	46	47	43
Interest	8	8	7	10	10	11	16	17	13	15	14	14
Depreciation	10	12	13	15	15	15	16	19	19	15	15	11
Exceptional Income / Expenses	0	0	-5	0	0	0	0	0	0	0	0	0
Profit Before Tax	5	8	5	8	6	8	13	2	1	16	18	18
Provision for Tax	0	1	2	2	2	-3	1	-1	5	4	5	4
Profit After Tax	5	7	4	6	4	11	12	3	-4	12	13	14
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	7	4	6	4	11	12	3	-4	12	13	14
Adjusted Earnings Per Share	12.1	17.2	9.5	16	10.5	27.6	29.9	6.8	-10.4	30.9	34.4	35.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	3%	-3%	4%
Operating Profit CAGR	2%	7%	6%	7%
PAT CAGR	8%	63%	3%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	21%	16%	19%
ROE Average	15%	8%	9%	11%
ROCE Average	17%	13%	12%	12%

Jay Ushin 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	37	42	45	50	55	65	75	76	73	85	96
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	24	15	26	34	41	69	57	48	46	27	31
Other Non-Current Liabilities	12	14	17	23	11	23	32	44	40	39	29
Total Current Liabilities	180	200	198	229	238	241	227	228	203	205	209
Total Liabilities	253	271	285	336	345	398	391	397	361	357	365
Fixed Assets	91	116	142	156	150	152	168	180	171	144	146
Other Non-Current Assets	46	38	28	21	17	30	37	43	32	53	41
Total Current Assets	116	117	115	159	178	216	186	174	157	159	178
Total Assets	253	271	285	336	345	398	391	397	361	357	365

Jay Ushin 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	5	6	3	2	6	2	2	3	0	0	0
Cash Flow from Operating Activities	35	40	42	-12	-30	-27	43	66	14	28	22
Cash Flow from Investing Activities	-17	-20	-26	-0	2	4	-24	-29	3	2	3
Cash Flow from Financing Activities	-17	-23	-18	16	24	23	-18	-40	-16	-30	-26
Net Cash Inflow / Outflow	1	-3	-1	4	-4	-0	1	-2	0	-0	-0
Closing Cash & Cash Equivalent	6	3	2	6	2	2	3	0	1	0	0

Jay Ushin 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)	12.05	17.16	9.48	16	10.5	27.63	29.87	6.82	-10.36	30.89	34.42
CEPS(Rs)	39.04	47.04	44.17	55.07	49.3	67.73	71.1	57.08	39.24	70.12	72.89
DPS(Rs)	2	2.5	2	2.5	2	3	3	0	0	3	3
Book NAV/Share(Rs)	95.73	109.97	117.05	130.04	142.37	168.2	193.52	196.77	187.66	221.2	249.39
Core EBITDA Margin(%)	2.03	2.68	2.33	1.93	1.64	2.28	4.08	4.29	3.52	4.78	4.39
EBIT Margin(%)	2.22	2.36	1.58	2.36	1.77	2.15	3.36	2.87	2.43	4.69	4.36
Pre Tax Margin(%)	0.82	1.2	0.69	1.06	0.66	0.91	1.48	0.26	0.1	2.47	2.47
PAT Margin (%)	0.78	1	0.49	0.78	0.45	1.2	1.35	0.4	-0.69	1.82	1.81
Cash Profit Margin (%)	2.54	2.73	2.28	2.7	2.12	2.94	3.21	3.33	2.63	4.13	3.84
ROA(%)	1.9	2.53	1.32	1.99	1.19	2.87	2.93	0.67	-1.06	3.33	3.69
ROE(%)	13.26	16.68	8.35	12.95	7.71	17.79	16.51	3.49	-5.39	15.11	14.63
ROCE(%)	10.8	13.49	10.67	15.33	10.18	9.72	12.75	8.75	7.12	16.06	16.61
Receivable days	24.28	24.19	25.37	31.79	38.25	47.73	41.23	32.72	35.81	31.44	29.33
Inventory Days	32.66	27.76	22.92	24.51	24.28	26.81	34.13	49.68	51.1	41.8	42.16
Payable days	76.59	80.95	81.88	86.42	73.35	62.38	58.76	72.99	72.42	56.89	57.85
PER(x)	5.39	4.49	12.74	10.31	32.57	19.09	12.56	67.59	0	15.15	14.93
Price/Book(x)	0.68	0.7	1.03	1.27	2.4	3.14	1.94	2.34	2.49	2.12	2.06
Dividend Yield(%)	3.08	3.25	1.66	1.52	0.58	0.57	0.8	0	0	0.64	0.58
EV/Net Sales(x)	0.2	0.17	0.16	0.21	0.32	0.41	0.35	0.46	0.52	0.44	0.4
EV/Core EBITDA(x)	4.3	3.61	3.54	4.26	8.13	10.26	6.7	7.89	8.98	6.26	6.28
Net Sales Growth(%)	12.51	12.31	12.09	5.77	14.53	9.22	-0.62	-22.45	-13.04	13.89	11.85
EBIT Growth(%)	14.09	19.63	-25	57.96	-14.82	20.58	50.05	-33.66	-26.35	119.52	4
PAT Growth(%)	99.27	42.39	-44.75	68.73	-34.38	163.2	8.09	-77.17	-251.9	398.21	11.41
EPS Growth(%)	99.27	42.39	-44.75	68.73	-34.38	163.2	8.09	-77.17	-251.9	398.21	11.42
Debt/Equity(x)	2.22	1.69	1.37	1.71	2.19	2.36	2.11	1.67	1.63	1.26	1
Current Ratio(x)	0.64	0.59	0.58	0.69	0.75	0.89	0.82	0.76	0.78	0.78	0.86
Quick Ratio(x)	0.35	0.35	0.35	0.43	0.49	0.6	0.43	0.36	0.43	0.39	0.43
Interest Cover(x)	1.59	2.04	1.78	1.81	1.6	1.74	1.79	1.1	1.04	2.11	2.31
Total Debt/Mcap(x)	3.27	2.41	1.32	1.35	0.91	0.75	1.09	0.71	0.65	0.59	0.49

Jay Ushin Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.35	56.35	56.35	60.73	61.1	61.1	61.88	62.86	62.86	62.86
FII	0	0	0	0	0	0	0	0	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	43.63	43.63	43.63	39.25	38.88	38.88	38.09	37.11	37.11	37.11
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	0.22	0.22	0.22	0.23	0.24	0.24	0.24	0.24	0.24	0.24
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.14	0.14	0.14
Others	0	0	0	0	0	0	0	0	0	0
Total	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39

Pros

Cons

Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from 56.89 to 57.85days.
The company has delivered a poor profit growth of 3% 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.