JBM Auto

₹1883.9 79.7 | 4.4%

WEBSITE BSE:532605 NSE : JBM AUTO 10 May, 16:01

Market Cap ₹22276 Cr.

Stock P/E 124.6

P/B 19.1

Current Price ₹1883.9

Book Value ₹ 98.7

Face Value 2

52W High ₹2417.3

Dividend Yield 0.08%

52W Low ₹ 743.8

Edit Ratio

JBM Auto Research see more...

Overview Inc. Year: 1996Industry: Auto Ancillary

JBM Auto Ltd is an automotive company that manufactures vehicle systems and city buses. The Company manufactures sheet metal components for vehicles, and gear and dies for automobiles. Its segments consist of Sheet Metal Components, Assemblies & Sub-assemblies; Tool, Dies & Moulds, and Bus Division. The Sheet Metal Components, Assemblies & Sub-assemblies segment manufactures additives. The Tool, Dies & Moulds segment manufactures dies for sheet metallic section or sells dies. The Bus Division consists of activities associated with development, design, manufacture, assembly and sale of bus, in addition to parts, accessories and renovation contracts of identical. Its enterprise divisions encompass Component Division and Tool Room Division. Its product portfolio consists of chassis and suspension parts, air tanks, fuel tanks, exhaust structures and whole cowl assemblies. The Company manufactures skin panels, chassis and suspension structures, and cross car/truck beam, amongst others.

JBM Auto Share Price

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Peer Comparison

JBM Auto Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	821	1072	865	1029	953	1010	946	1231	1346	1486
Other Income	9	5	5	11	9	3	4	8	4	5
Total Income	830	1077	870	1040	962	1013	950	1239	1350	1491
Total Expenditure	736	949	781	928	847	903	831	1091	1190	1314
Operating Profit	94	128	88	112	115	110	119	147	160	177
Interest	19	21	23	29	38	35	39	48	54	55
Depreciation	24	26	29	31	32	38	40	41	43	48
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	52	82	36	52	45	37	40	58	63	74
Provision for Tax	18	-12	9	14	13	8	8	11	14	19
Profit After Tax	34	93	27	38	32	29	32	47	49	55
Adjustments	-1	-8	-1	-2	3	-1	-2	-3	-1	1
Profit After Adjustments	33	86	26	36	34	28	30	44	49	56
Adjusted Earnings Per Share	2.8	7.2	2.2	3.1	2.9	2.4	2.6	3.7	4.1	4.7

JBM Auto 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	1171	1364	1557	1518	1501	1633	2207	1947	1982	3193	3857	5009
Other Income	4	6	4	6	15	11	25	15	12	21	27	21
Total Income	1175	1369	1561	1524	1516	1644	2232	1962	1994	3214	3884	5030
Total Expenditure	1039	1209	1366	1328	1336	1429	1949	1717	1778	2850	3459	4426
Operating Profit	136	160	195	197	180	215	283	246	216	364	425	603
Interest	43	36	35	53	53	49	59	64	55	76	126	196
Depreciation	33	40	40	59	50	56	75	74	76	91	130	172
Exceptional Income / Expenses	0	0	2	0	11	0	0	0	0	0	0	0
Profit Before Tax	60	84	122	85	88	110	148	107	78	187	170	235
Provision for Tax	22	27	30	22	25	43	52	38	29	31	44	52
Profit After Tax	38	57	93	63	62	68	96	69	49	156	125	183
Adjustments	-5	-7	-16	-11	3	3	2	0	0	-0	-1	-5
Profit After Adjustments	33	50	76	52	65	70	98	69	49	156	124	179
Adjusted Earnings Per Share	3.2	4.9	7.4	5.1	6.4	6.9	9.6	5.9	4.2	13.2	10.5	15.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	26%	19%	13%
Operating Profit CAGR	17%	20%	15%	12%
PAT CAGR	-20%	22%	13%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	144%	64%	54%	48%
ROE Average	13%	13%	13%	19%
ROCE Average	12%	12%	13%	16%

JBM Auto 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	174	247	311	354	357	417	645	704	746	896	1030
Minority's Interest	44	51	66	75	63	73	0	0	0	0	1
Borrowings	149	81	186	149	180	225	237	197	213	478	632
Other Non-Current Liabilities	20	57	77	87	44	48	91	109	134	131	138
Total Current Liabilities	491	620	614	854	706	671	1033	1000	1372	1723	1737
Total Liabilities	879	1055	1254	1519	1350	1435	2006	2009	2464	3229	3538
Fixed Assets	411	470	692	711	583	558	834	861	930	1213	1540
Other Non-Current Assets	79	124	44	82	136	177	156	186	412	320	427
Total Current Assets	389	461	518	725	631	700	1016	962	1122	1696	1570
Total Assets	879	1055	1254	1519	1350	1435	2006	2009	2464	3229	3538

JBM Auto 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	8	6	7	11	6	2	2	11	22	15	31
Cash Flow from Operating Activities	117	203	66	145	119	69	152	370	216	-142	484
Cash Flow from Investing Activities	-96	-131	-200	-116	-65	-61	-190	-123	-363	-295	-646
Cash Flow from Financing Activities	-23	-70	138	-34	-57	-8	46	-236	140	454	159
Net Cash Inflow / Outflow	-2	2	4	-4	-4	-0	9	11	-7	16	-2
Closing Cash & Cash Equivalent	6	7	11	7	2	2	11	22	15	31	29

JBM Auto 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)	3.16	4.88	7.41	5.06	6.41	6.91	9.62	5.85	4.17	13.21	10.52
CEPS(Rs)	6.97	9.53	12.98	11.95	11.03	12.09	16.77	12.08	10.57	20.96	21.6
DPS(Rs)	0.4	0.6	1	0.7	0.8	0.8	0.9	0.7	0.6	1	1.3
Book NAV/Share(Rs)	16.55	23.26	29.48	33.7	34.97	40.92	63.28	59.5	63.06	75.79	87.09
Core EBITDA Margin(%)	10.01	10.03	10.92	11.11	9.71	12.07	11.67	11.82	10.3	10.75	10.32
EBIT Margin(%)	7.82	7.79	9	8.04	8.3	9.43	9.41	8.82	6.73	8.23	7.65
Pre Tax Margin(%)	4.53	5.45	7	4.96	5.19	6.55	6.72	5.52	3.94	5.86	4.39
PAT Margin (%)	2.87	3.7	5.3	3.68	3.69	4.01	4.36	3.55	2.49	4.9	3.24
Cash Profit Margin (%)	5.38	6.31	7.58	7.12	6.64	7.31	7.75	7.34	6.31	7.76	6.62
ROA(%)	4.51	5.89	8.02	4.54	4.35	4.86	5.59	3.44	2.2	5.49	3.7
ROE(%)	24.6	28.07	34.45	19.54	17.82	17.49	18.1	10.24	6.8	19.05	12.99
ROCE(%)	19.86	21.66	23.08	16.34	15.98	17.01	17.19	12.46	9.18	13.67	11.86
Receivable days	54.18	52.66	49.2	55.62	64.58	71.72	79.76	103.52	91.21	61.49	49.63
Inventory Days	35.95	34.3	35.18	49.74	54.36	48.85	43.42	54.88	60.55	44.32	39.62
Payable days	62	71.19	73.59	108.8	122.74	92.42	78.6	108.93	129.96	91.47	67.06
PER(x)	2.03	2.89	11.8	11.9	17.36	22.06	11.06	9.45	40.33	33.1	61.28
Price/Book(x)	0.39	0.61	2.97	1.79	3.18	3.72	1.68	0.93	2.67	5.77	7.4
Dividend Yield(%)	3.13	2.13	1.14	1.16	0.72	0.52	0.85	1.26	0.36	0.23	0.2
EV/Net Sales(x)	0.38	0.34	0.89	0.75	1.1	1.3	0.84	0.65	1.41	2.04	2.4
EV/Core EBITDA(x)	3.23	2.86	7.09	5.82	9.21	9.9	6.56	5.13	12.95	17.87	21.77
Net Sales Growth(%)	21.05	16.48	14.15	-2.52	-1.11	8.79	35.16	-11.79	1.81	61.1	20.81
EBIT Growth(%)	18.67	16.14	31.07	-12.52	2.2	13.08	30.64	-17.32	-22.31	96.92	12.37
PAT Growth(%)	18.61	50.19	62.55	-32.06	-0.83	8.45	42.1	-28.21	-28.6	217.2	-19.98
EPS Growth(%)	26.41	54.5	51.97	-31.79	26.74	7.8	39.2	-39.13	-28.78	216.81	-20.37
Debt/Equity(x)	2.16	1.26	1.59	1.49	1.46	1.37	1.21	0.89	1.11	1.53	1.63
Current Ratio(x)	0.79	0.74	0.84	0.85	0.89	1.04	0.98	0.96	0.82	0.98	0.9
Quick Ratio(x)	0.52	0.49	0.55	0.51	0.59	0.69	0.7	0.67	0.55	0.74	0.66
Interest Cover(x)	2.38	3.33	4.5	2.61	2.67	3.27	3.5	2.67	2.41	3.47	2.35
Total Debt/Mcap(x)	5.75	2.18	0.55	0.86	0.46	0.37	0.72	0.96	0.42	0.27	0.22

JBM Auto Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.54	67.53	67.53	67.53	67.53	67.53	67.53	67.53	67.53	67.53
FII	1.2	1.25	1.31	1.24	1.37	1.67	1.73	2.52	2.82	3.34
DII	0.01	0	0	0	0.02	0.04	0.02	0.03	0.04	0.05
Public	31.26	31.22	31.16	31.23	31.07	30.76	30.72	29.92	29.61	29.08
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	3.19	7.99	7.99	7.99	7.99	7.99	7.99	7.99	7.99	7.99
FII	0.06	0.15	0.15	0.15	0.16	0.2	0.2	0.3	0.33	0.39
DII	0	0	0	0	0	0.01	0	0	0	0.01
Public	1.48	3.69	3.68	3.69	3.67	3.64	3.63	3.54	3.5	3.44
Others	0	0	0	0	0	0	0	0	0	0
Total	4.73	11.82	11.82	11.82	11.82	11.82	11.82	11.82	11.82	11.82

Pros

Debtor days have improved from 91.47 to 67.06days.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 19.1 times its book value.

* 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.