Jay Ushin Ltd
Incorporated in 1986, Jay Ushin Ltd manufactures, purchases and sells automobiles components[1]
- Market Cap ₹ 373 Cr.
- Current Price ₹ 965
- High / Low ₹ 1,602 / 530
- Stock P/E 26.0
- Book Value ₹ 331
- Dividend Yield 0.41 %
- ROCE 12.8 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 2.92 times its book value
- The company has delivered a poor sales growth of 5.22% over past five years.
- Company has a low return on equity of 12.5% over last 3 years.
- Earnings include an other income of Rs.14.4 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 578 | 647 | 688 | 788 | 860 | 855 | 663 | 577 | 657 | 734 | 726 | 855 | 904 | |
| 560 | 630 | 673 | 773 | 840 | 820 | 635 | 556 | 625 | 702 | 701 | 818 | 867 | |
| Operating Profit | 18 | 17 | 15 | 15 | 20 | 35 | 28 | 20 | 31 | 32 | 26 | 37 | 37 |
| OPM % | 3% | 3% | 2% | 2% | 2% | 4% | 4% | 4% | 5% | 4% | 4% | 4% | 4% |
| 9 | 8 | 19 | 16 | 14 | 10 | 10 | 13 | 15 | 15 | 15 | 14 | 14 | |
| Interest | 8 | 7 | 10 | 10 | 11 | 16 | 17 | 13 | 15 | 14 | 14 | 16 | 15 |
| Depreciation | 12 | 13 | 15 | 15 | 16 | 16 | 19 | 19 | 15 | 15 | 11 | 17 | 17 |
| Profit before tax | 8 | 5 | 8 | 6 | 8 | 13 | 2 | 1 | 16 | 18 | 16 | 17 | 19 |
| Tax % | 17% | 29% | 26% | 32% | -31% | 9% | -53% | 829% | 26% | 27% | 12% | 29% | |
| 7 | 4 | 6 | 4 | 11 | 12 | 3 | -4 | 12 | 13 | 14 | 12 | 14 | |
| EPS in Rs | 17.16 | 9.47 | 15.99 | 10.51 | 27.64 | 29.86 | 6.83 | -10.35 | 30.90 | 34.42 | 36.98 | 31.72 | 37.11 |
| Dividend Payout % | 15% | 21% | 16% | 19% | 11% | 10% | -0% | -0% | 10% | 9% | 8% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 5% |
| 3 Years: | 9% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 46% |
| 3 Years: | 2% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 12% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 39 | 41 | 46 | 51 | 61 | 71 | 72 | 69 | 82 | 93 | 105 | 116 | 124 |
| 72 | 62 | 86 | 121 | 154 | 157 | 127 | 135 | 123 | 112 | 148 | 140 | 111 | |
| 152 | 170 | 189 | 169 | 165 | 143 | 181 | 143 | 134 | 151 | 106 | 141 | 183 | |
| Total Liabilities | 266 | 277 | 326 | 345 | 384 | 375 | 384 | 350 | 343 | 359 | 364 | 401 | 422 |
| 116 | 142 | 156 | 150 | 152 | 168 | 180 | 171 | 173 | 175 | 180 | 167 | 134 | |
| CWIP | 15 | 13 | 2 | 6 | 1 | 3 | 10 | 8 | 3 | 0 | 2 | 7 | 6 |
| Investments | 0 | 0 | 0 | 1 | 1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 32 |
| 136 | 122 | 167 | 188 | 230 | 204 | 195 | 170 | 167 | 184 | 181 | 227 | 250 | |
| Total Assets | 266 | 277 | 326 | 345 | 384 | 375 | 384 | 350 | 343 | 359 | 364 | 401 | 422 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 42 | -12 | -30 | -27 | 43 | 66 | 14 | 28 | 22 | -16 | 20 | |
| -20 | -26 | -0 | 2 | 4 | -24 | -29 | 3 | 2 | 3 | -5 | 5 | |
| -23 | -18 | 16 | 24 | 23 | -18 | -40 | -16 | -30 | -26 | 21 | -25 | |
| Net Cash Flow | -3 | -1 | 4 | -4 | -0 | 1 | -2 | 0 | -0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 30 | 44 | 49 | 54 | 28 | 29 | 38 | 30 | 32 | 28 | 36 |
| Inventory Days | 37 | 32 | 38 | 33 | 36 | 47 | 64 | 55 | 56 | 56 | 50 | 53 |
| Days Payable | 87 | 87 | 91 | 68 | 62 | 53 | 76 | 61 | 59 | 62 | 41 | 52 |
| Cash Conversion Cycle | -18 | -24 | -9 | 13 | 28 | 22 | 17 | 32 | 26 | 26 | 37 | 37 |
| Working Capital Days | -54 | -48 | -40 | -29 | -12 | -19 | -31 | -29 | -26 | -15 | -11 | -5 |
| ROCE % | 15% | 14% | 11% | 10% | 9% | 12% | 8% | 7% | 14% | 15% | 13% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copies of newspaper advertisement regarding transfer of shares to IEPF Authority
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Copy of the advertiesment of unaudited financial results for the quarter and half year ended September 30, 2025 published in Financial Express (English) and Jansatta …
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Un-Audited Results For The Quarter And Half Year Ended September 30, 2025
12 Nov - Board approved unaudited results for quarter and half-year ended Sep 30, 2025; limited review issued.
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Board Meeting Outcome for Outcome Of Board Meeting Held On November 12, 2025
12 Nov - Board approved unaudited results for quarter and half-year ended Sep 30, 2025; meeting Nov 12, 2025.
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Board Meeting Intimation for Board Meeting Intimation For For Next Meeting Held On November 12, 2025
4 Nov - Board meeting Nov 12, 2025 to approve unaudited results for quarter/half year ended Sept 30, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Business Overview:[1]
JUL is a joint venture between JPM group and Ushin Limited (Japan) to carry business of auto components manufacturing. Ushin Limited provides technical assistance to the JV while JUL pays royalty and fees for technical know-how. Company is a Tier-1 supplier to major 4-wheeler and 2-wheeler OEMs