Jay Ushin Ltd
Incorporated in 1986, Jay Ushin Ltd manufactures, purchases and sells automobiles components[1]
- Market Cap ₹ 301 Cr.
- Current Price ₹ 781
- High / Low ₹ 1,602 / 559
- Stock P/E 19.7
- Book Value ₹ 331
- Dividend Yield 0.51 %
- ROCE 12.8 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- 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.13.8 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 | 930 | |
| 560 | 630 | 673 | 773 | 840 | 820 | 635 | 556 | 625 | 702 | 701 | 818 | 895 | |
| Operating Profit | 18 | 17 | 15 | 15 | 20 | 35 | 28 | 20 | 31 | 32 | 26 | 37 | 36 |
| 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 | 14 |
| 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 | 18 |
| 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 | 15 | |
| 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 | 39.62 |
| 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: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 46% |
| 3 Years: | 2% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| 1 Year: | 30% |
| 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% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Intensity (R&D as % of Revenue) % |
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| Number of Manufacturing Plants Units |
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| Revenue Contribution - Door Latches % |
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| Revenue Contribution - Lock and Key Sets % |
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| Revenue Contribution - Switches % |
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| Production Volume - Lock sets and components Nos. |
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| Production Volume - Switches Nos. |
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| Sales Volume - Lock sets and components Nos. |
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| Sales Volume - Switches Nos. |
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| Customer Concentration (Revenue from Top 3 Customers) % |
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| Segmental Sale Mix - 4-Wheellers % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Listing Obligation and Disclosure Requirement) Regulations, 2015 we are enclosing herewith copy of advertisement for Un-audited Financial Results for the quarter ended December 31, 2025 …
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Un-Audited Financial Results For The Quarter Ended On December 31, 2025
14 Feb - Unaudited financial results for quarter and nine months ended Dec 31, 2025 approved; limited review unmodified.
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Board Meeting Outcome for Out Come Of The Board Meeting Held On February 14, 2026
14 Feb - Jay Ushin Limited approved unaudited Q3 results for quarter ended Dec 31, 2025; limited review unmodified.
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Board Meeting Intimation for To Approve The Unaudited Financial Results For The Quarter Ended December 31, 2025
4 Feb - Board meeting Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading window closed.
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Announcement under Regulation 30 (LODR)-Credit Rating
21 Jan - Crisil reaffirmed Jay Ushin ratings: Crisil BBB-/Stable and A3 for Rs125 crore bank facilities (Jan 20, 2026).
Annual reports
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Financial Year 2025
from bse
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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
from bse
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