Jay Bharat Maruti Ltd

₹ 108 -1.41%

14 May - close price

jbmgroup.com BSE: 520066 NSE: JAYBARMARU

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 1,171 Cr.
Current Price ₹ 108
High / Low ₹ 144 / 65.5
Stock P/E 36.4
Book Value ₹ 49.8
Dividend Yield 0.65 %
ROCE 9.56 %
ROE 6.15 %
Face Value ₹ 2.00

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Pros

Company has been maintaining a healthy dividend payout of 20.9%

Cons

Company has a low return on equity of 6.65% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	541	412	468	506	695	554	581	536	673	533	613	548	598
	483	381	436	466	647	515	537	496	622	496	568	507	555
Operating Profit	58	31	32	40	48	39	43	40	51	37	45	41	43
OPM %	11%	7%	7%	8%	7%	7%	7%	7%	8%	7%	7%	7%	7%
	1	0	0	0	0	0	1	0	1	1	1	1	2
Interest	8	8	8	8	8	8	10	9	10	9	10	11	9
Depreciation	20	18	18	19	20	20	20	20	20	21	21	21	21
Profit before tax	32	4	6	12	20	12	14	11	22	8	14	10	15
Tax %	36%	32%	37%	40%	31%	32%	36%	37%	35%	32%	36%	35%	27%
	20	3	4	7	14	8	9	7	14	5	9	7	11
EPS in Rs	1.86	0.28	0.34	0.69	1.29	0.73	0.83	0.62	1.32	0.48	0.84	0.62	1.04
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1,994	1,658	1,499	2,078	2,344	2,292
	1,820	1,517	1,363	1,928	2,171	2,126
Operating Profit	174	141	136	150	173	167
OPM %	9%	9%	9%	7%	7%	7%
	3	2	5	1	2	5
Interest	34	38	33	33	37	40
Depreciation	61	63	66	75	80	84
Profit before tax	82	42	42	43	58	48
Tax %	36%	33%	37%	35%	35%	32%
	52	28	26	28	38	32
EPS in Rs	4.81	2.61	2.42	2.60	3.50	2.98
Dividend Payout %	10%	10%	10%	19%	20%	24%

Compounded Sales Growth
10 Years:	%
5 Years:	3%
3 Years:	15%
TTM:	-2%

Compounded Profit Growth
10 Years:	%
5 Years:	-9%
3 Years:	7%
TTM:	-15%

Stock Price CAGR
10 Years:	26%
5 Years:	20%
3 Years:	20%
1 Year:	52%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	7%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	11	11	11	22	22	22
Reserves	393	412	439	453	486	517
	404	445	369	380	336	440
	398	339	414	473	456	577
Total Liabilities	1,205	1,207	1,233	1,327	1,299	1,556
	832	817	860	856	881	906
CWIP	51	143	83	62	23	162
Investments	17	21	24	26	27	34
	305	226	266	382	368	453
Total Assets	1,205	1,207	1,233	1,327	1,299	1,556

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	128	154	163	106	154	188
	-195	-144	-50	-76	-65	-140
	66	-10	-113	-29	-87	-51
Net Cash Flow	-1	1	1	1	3	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	14	11	15	16	13	20
Inventory Days	40	35	49	47	40	55
Days Payable	49	47	66	60	51	68
Cash Conversion Cycle	5	-1	-2	3	2	7
Working Capital Days	-15	-20	-21	-9	1	-4
ROCE %		10%	9%	9%	11%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%	59.35%
	3.50%	3.59%	3.49%	3.50%	3.43%	3.48%	3.42%	3.40%	3.55%	3.71%	3.63%	2.61%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	0.64%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	36.48%	36.40%	37.14%	37.13%	37.19%	37.15%	37.19%	37.24%	37.07%	36.92%	36.99%	38.02%
No. of Shareholders	25,514	25,227	25,053	24,421	24,166	22,793	21,965	21,462	21,178	21,622	23,528	33,025

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	58.56%	58.56%	59.39%	59.35%	59.35%	59.35%	59.35%	59.35%
	0.05%	0.10%	0.01%	1.98%	3.36%	3.50%	3.40%	2.61%
	3.32%	0.61%	0.09%	0.18%	0.03%	0.03%	0.03%	0.03%
	0.00%	0.45%	0.55%	0.60%	0.64%	0.00%	0.00%	0.00%
	38.07%	40.27%	39.95%	37.89%	36.63%	37.13%	37.24%	38.02%
No. of Shareholders	13,180	15,533	16,272	16,441	15,578	24,421	21,462	33,025

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Jay Bharat Maruti Ltd

Jay Bharat Maruti Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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