JTEKT India Ltd
JTEKT India Ltd is primarily engaged in the business of manufacturing steering systems & other auto components for the passenger car and utility vehicle manufacturers in the automobile sector.[1]
- Market Cap ₹ 4,425 Cr.
- Current Price ₹ 174
- High / Low ₹ 188 / 107
- Stock P/E 50.5
- Book Value ₹ 29.0
- Dividend Yield 0.29 %
- ROCE 15.5 %
- ROE 12.7 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 24.9%
- Promoter holding has increased by 1.00% over last quarter.
Cons
- Stock is trading at 6.01 times its book value
- The company has delivered a poor sales growth of 6.33% over past five years.
- Company has a low return on equity of 7.24% 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,141 | 1,119 | 1,043 | 1,079 | 1,077 | 1,165 | 1,525 | 1,773 | 1,531 | 1,350 | 1,610 | 2,073 | 2,158 | |
1,021 | 1,001 | 944 | 956 | 961 | 1,034 | 1,330 | 1,572 | 1,413 | 1,258 | 1,499 | 1,907 | 1,972 | |
Operating Profit | 120 | 118 | 99 | 123 | 116 | 130 | 195 | 201 | 118 | 92 | 111 | 166 | 186 |
OPM % | 10% | 11% | 10% | 11% | 11% | 11% | 13% | 11% | 8% | 7% | 7% | 8% | 9% |
4 | 6 | 40 | 4 | 16 | 4 | 7 | 13 | 11 | 8 | 4 | 9 | 16 | |
Interest | 34 | 34 | 32 | 25 | 28 | 24 | 21 | 16 | 10 | 5 | 4 | 5 | 5 |
Depreciation | 33 | 43 | 49 | 78 | 72 | 75 | 92 | 91 | 87 | 78 | 66 | 68 | 75 |
Profit before tax | 56 | 47 | 58 | 24 | 32 | 36 | 89 | 107 | 33 | 18 | 45 | 103 | 122 |
Tax % | 31% | 35% | 11% | 24% | 22% | 30% | 35% | 36% | 16% | 30% | 27% | 22% | |
39 | 31 | 52 | 18 | 25 | 25 | 58 | 69 | 28 | 12 | 33 | 80 | 93 | |
EPS in Rs | 1.95 | 1.54 | 2.60 | 0.90 | 1.26 | 1.26 | 2.89 | 2.80 | 1.13 | 0.50 | 1.36 | 3.26 | 3.81 |
Dividend Payout % | 33% | 42% | 31% | 72% | 40% | 40% | 17% | 29% | 31% | 30% | 30% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 11% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 44% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 12% |
3 Years: | 28% |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 13% |
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 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 208 | 223 | 247 | 242 | 255 | 279 | 509 | 549 | 549 | 553 | 582 | 652 | 684 |
235 | 308 | 276 | 257 | 279 | 245 | 232 | 188 | 78 | 49 | 71 | 62 | 69 | |
251 | 237 | 238 | 218 | 219 | 221 | 252 | 272 | 185 | 261 | 269 | 284 | 346 | |
Total Liabilities | 714 | 787 | 780 | 737 | 773 | 765 | 1,013 | 1,034 | 837 | 887 | 947 | 1,022 | 1,123 |
373 | 421 | 421 | 406 | 438 | 443 | 516 | 495 | 450 | 391 | 367 | 447 | 465 | |
CWIP | 41 | 31 | 67 | 62 | 38 | 21 | 23 | 9 | 2 | 6 | 93 | 24 | 41 |
Investments | 68 | 69 | 35 | 35 | 35 | 34 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
232 | 266 | 256 | 233 | 262 | 266 | 469 | 525 | 381 | 485 | 481 | 546 | 612 | |
Total Assets | 714 | 787 | 780 | 737 | 773 | 765 | 1,013 | 1,034 | 837 | 887 | 947 | 1,022 | 1,123 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
134 | 57 | 96 | 129 | 89 | 150 | 164 | 170 | 108 | 83 | 96 | 83 | |
-112 | -77 | -15 | -63 | -65 | -61 | -113 | 22 | -25 | -22 | -114 | -84 | |
-22 | 20 | -81 | -66 | -23 | -91 | -50 | -83 | -149 | -42 | 15 | -24 | |
Net Cash Flow | -0 | -0 | 0 | -0 | 2 | -2 | 1 | 108 | -67 | 19 | -3 | -25 |
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 | 40 | 51 | 49 | 39 | 47 | 47 | 63 | 56 | 47 | 70 | 56 | 50 |
Inventory Days | 17 | 25 | 36 | 36 | 37 | 37 | 35 | 32 | 37 | 47 | 43 | 44 |
Days Payable | 74 | 68 | 77 | 73 | 79 | 77 | 66 | 64 | 49 | 78 | 63 | 54 |
Cash Conversion Cycle | -17 | 8 | 7 | 3 | 5 | 7 | 31 | 24 | 34 | 39 | 36 | 40 |
Working Capital Days | -15 | 1 | -5 | -11 | -6 | -2 | 21 | 19 | 29 | 40 | 32 | 38 |
ROCE % | 21% | 16% | 10% | 9% | 9% | 11% | 17% | 16% | 6% | 3% | 8% | 16% |
Documents
Announcements
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 26 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 18 Apr
- Certificate As Per Regulation 40(9) Of SEBI (LODR) Regulations, 2015 12 Apr
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr
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 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
Product Portfolio
The product portfolio of the Company includes High-performance Rack and Pinion Manual Steering Gear, Hydraulic Power Steering System, Tilt & telescopic steering column, intermediate shaft, Electric Power Assist Module (EPAM), Rear Axle Assembly, and other products. [1]