Jay Bharat Maruti Ltd
Jay Bharat Maruti Limited, founded in 1983, in collaboration with Maruti Suzuki India Limited (MSIL), is the leading manufacturer of key auto components and assemblies such as exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars. Their manufacturing plants are located in Gurgaon, Bawal, Manesar (Haryana) and Gujarat. [1]
- Market Cap ₹ 1,310 Cr.
- Current Price ₹ 121
- High / Low ₹ 144 / 60.8
- Stock P/E 38.2
- Book Value ₹ 47.6
- Dividend Yield 0.58 %
- ROCE 11.1 %
- ROE 7.56 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 2.57 times its book value
- The company has delivered a poor sales growth of 6.26% over past five years.
- Company has a low return on equity of 6.55% over 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,068 | 1,180 | 1,212 | 1,294 | 1,302 | 1,527 | 1,730 | 1,994 | 1,658 | 1,499 | 2,078 | 2,344 | 2,367 | |
983 | 1,087 | 1,105 | 1,189 | 1,185 | 1,394 | 1,575 | 1,819 | 1,517 | 1,363 | 1,928 | 2,171 | 2,193 | |
Operating Profit | 86 | 94 | 106 | 105 | 117 | 133 | 156 | 175 | 141 | 136 | 150 | 173 | 175 |
OPM % | 8% | 8% | 9% | 8% | 9% | 9% | 9% | 9% | 9% | 9% | 7% | 7% | 7% |
3 | 3 | -12 | 7 | 4 | 1 | 4 | 3 | 2 | 4 | 0 | 1 | 2 | |
Interest | 22 | 20 | 22 | 21 | 22 | 18 | 20 | 34 | 38 | 33 | 33 | 37 | 40 |
Depreciation | 38 | 46 | 46 | 38 | 39 | 41 | 49 | 61 | 63 | 66 | 75 | 80 | 84 |
Profit before tax | 29 | 32 | 27 | 53 | 60 | 75 | 90 | 82 | 42 | 42 | 42 | 58 | 53 |
Tax % | 32% | 33% | 40% | 25% | 33% | 28% | 35% | 36% | 34% | 37% | 35% | 35% | |
20 | 22 | 17 | 40 | 40 | 54 | 59 | 52 | 28 | 26 | 27 | 37 | 34 | |
EPS in Rs | 1.81 | 1.99 | 1.53 | 3.70 | 3.68 | 4.97 | 5.44 | 4.82 | 2.59 | 2.41 | 2.54 | 3.45 | 3.17 |
Dividend Payout % | 17% | 15% | 16% | 11% | 11% | 10% | 9% | 10% | 10% | 10% | 20% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 12% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | -8% |
3 Years: | 10% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 20% |
3 Years: | 25% |
1 Year: | 97% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 22 | 22 | 22 |
Reserves | 130 | 148 | 161 | 196 | 242 | 294 | 349 | 393 | 412 | 439 | 452 | 485 | 493 |
184 | 215 | 212 | 159 | 134 | 255 | 298 | 404 | 445 | 369 | 380 | 336 | 435 | |
234 | 203 | 200 | 257 | 242 | 267 | 377 | 398 | 339 | 414 | 473 | 456 | 522 | |
Total Liabilities | 559 | 576 | 584 | 623 | 629 | 827 | 1,035 | 1,206 | 1,207 | 1,233 | 1,326 | 1,298 | 1,473 |
319 | 353 | 374 | 399 | 398 | 452 | 632 | 832 | 817 | 860 | 856 | 881 | 946 | |
CWIP | 25 | 22 | 23 | 1 | 8 | 64 | 93 | 51 | 143 | 83 | 62 | 23 | 74 |
Investments | 2 | 2 | 2 | 2 | 8 | 12 | 15 | 17 | 21 | 24 | 26 | 26 | 29 |
213 | 199 | 185 | 221 | 214 | 300 | 295 | 305 | 226 | 266 | 382 | 368 | 424 | |
Total Assets | 559 | 576 | 584 | 623 | 629 | 827 | 1,035 | 1,206 | 1,207 | 1,233 | 1,326 | 1,298 | 1,473 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
72 | 66 | 107 | 88 | 95 | 58 | 209 | 128 | 154 | 163 | 106 | 154 | |
-115 | -78 | -76 | -21 | -53 | -160 | -226 | -195 | -144 | -50 | -76 | -65 | |
44 | 13 | -32 | -67 | -42 | 103 | 17 | 66 | -10 | -113 | -29 | -87 | |
Net Cash Flow | 1 | 1 | -2 | 0 | 1 | 0 | 0 | -1 | 1 | 1 | 1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 26 | 18 | 9 | 12 | 10 | 32 | 6 | 14 | 11 | 15 | 16 | 13 |
Inventory Days | 32 | 33 | 38 | 45 | 49 | 35 | 56 | 40 | 35 | 49 | 47 | 40 |
Days Payable | 75 | 54 | 49 | 57 | 52 | 56 | 50 | 49 | 47 | 66 | 60 | 51 |
Cash Conversion Cycle | -17 | -4 | -2 | -0 | 7 | 11 | 12 | 5 | -1 | -2 | 3 | 2 |
Working Capital Days | -14 | -16 | -27 | -20 | -10 | 8 | -16 | -15 | -20 | -21 | -9 | 1 |
ROCE % | 18% | 14% | 16% | 18% | 21% | 20% | 18% | 16% | 10% | 9% | 9% | 11% |
Documents
Announcements
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Compliance Certificate For The Financial Year Ended March 31, 2024.
10 Apr - Compliance Certificate under Regulation 40(10) of SEBI (LODR) Regulations, 2015 for the Financial Year ended March 31, 2024.
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Compliance Certificate For The Financial Year Ended March 31, 2024
9 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulation 2015.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulation, 2018.
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Announcement under Regulation 30 (LODR)-Change in Directorate
8 Apr - Announcement, which was earlier submitted under Regulation 30 (LODR)- change in Management dated April 06, 2024, regarding the completion of tenure of Independent Directors.
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Announcement under Regulation 30 (LODR)-Change in Management
5 Apr - Completion of Tenure as Independent Director.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jan 2022TranscriptNotesPPT
Product Portfolio
The co. manufactures sheet metal-based BIW components, rear axle assemblies, fuel neck components, and assemblies, besides designing and developing dies, automotive machines, and equipment. [1]