Jay Ushin Ltd
Incorporated in 1986, Jay Ushin Ltd manufactures, purchases and sells automobiles components[1]
- Market Cap ₹ 345 Cr.
- Current Price ₹ 894
- High / Low ₹ 1,602 / 612
- Stock P/E 19.4
- Book Value ₹ 353
- Dividend Yield 0.45 %
- ROCE 12.4 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.54 times its book value
- The company has delivered a poor sales growth of 10.9% over past five years.
- Tax rate seems low
- Company has a low return on equity of 12.6% over last 3 years.
- Earnings include an other income of Rs.14.0 Cr.
- Dividend payout has been low at 9.80% of profits over last 3 years
- Debtor days have increased from 36.8 to 46.5 days.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 647 | 688 | 788 | 860 | 855 | 663 | 577 | 657 | 734 | 726 | 855 | 969 | |
| 630 | 673 | 773 | 840 | 820 | 635 | 556 | 625 | 702 | 701 | 818 | 934 | |
| Operating Profit | 17 | 15 | 15 | 20 | 35 | 28 | 20 | 31 | 32 | 26 | 37 | 35 |
| OPM % | 3% | 2% | 2% | 2% | 4% | 4% | 4% | 5% | 4% | 4% | 4% | 4% |
| 8 | 19 | 16 | 14 | 10 | 10 | 13 | 15 | 15 | 15 | 14 | 14 | |
| Interest | 7 | 10 | 10 | 11 | 16 | 17 | 13 | 15 | 14 | 14 | 16 | 14 |
| Depreciation | 13 | 15 | 15 | 16 | 16 | 19 | 19 | 15 | 15 | 11 | 17 | 16 |
| Profit before tax | 5 | 8 | 6 | 8 | 13 | 2 | 1 | 16 | 18 | 16 | 17 | 19 |
| Tax % | 29% | 26% | 32% | -31% | 9% | -53% | 829% | 26% | 27% | 12% | 29% | 8% |
| 4 | 6 | 4 | 11 | 12 | 3 | -4 | 12 | 13 | 14 | 12 | 18 | |
| EPS in Rs | 9.47 | 15.99 | 10.51 | 27.64 | 29.86 | 6.83 | -10.35 | 30.90 | 34.42 | 36.98 | 31.72 | 45.98 |
| Dividend Payout % | 21% | 16% | 19% | 11% | 10% | 0% | 0% | 10% | 9% | 8% | 13% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 56% |
| 3 Years: | 12% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 41 | 46 | 51 | 61 | 71 | 72 | 69 | 82 | 93 | 105 | 116 | 132 |
| 62 | 86 | 121 | 154 | 157 | 127 | 135 | 123 | 112 | 148 | 140 | 141 | |
| 170 | 189 | 169 | 165 | 143 | 181 | 143 | 134 | 151 | 106 | 141 | 147 | |
| Total Liabilities | 277 | 326 | 345 | 384 | 375 | 384 | 350 | 343 | 359 | 364 | 401 | 425 |
| 142 | 156 | 150 | 152 | 168 | 180 | 171 | 173 | 175 | 180 | 167 | 131 | |
| CWIP | 13 | 2 | 6 | 1 | 3 | 10 | 8 | 3 | 0 | 2 | 7 | 6 |
| Investments | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 |
| 122 | 167 | 188 | 230 | 204 | 195 | 170 | 167 | 184 | 181 | 227 | 256 | |
| Total Assets | 277 | 326 | 345 | 384 | 375 | 384 | 350 | 343 | 359 | 364 | 401 | 425 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42 | -12 | -30 | -27 | 43 | 66 | 14 | 28 | 22 | -16 | 20 | 11 | |
| -26 | -0 | 2 | 4 | -24 | -29 | 3 | 2 | 3 | -5 | 5 | 2 | |
| -18 | 16 | 24 | 23 | -18 | -40 | -16 | -30 | -26 | 21 | -25 | -14 | |
| Net Cash Flow | -1 | 4 | -4 | -0 | 1 | -2 | 0 | -0 | -0 | -0 | 0 | 0 |
| Free Cash Flow | 12 | -19 | -43 | -37 | 10 | 30 | 5 | 17 | 10 | -13 | 24 | 2 |
| CFO/OP | 252% | -69% | -196% | -109% | 136% | 234% | 82% | 92% | 81% | -57% | 61% | 52% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 44 | 49 | 54 | 28 | 29 | 38 | 30 | 32 | 28 | 36 | 47 |
| Inventory Days | 32 | 38 | 33 | 36 | 47 | 64 | 55 | 56 | 56 | 50 | 53 | 44 |
| Days Payable | 87 | 91 | 68 | 62 | 53 | 76 | 61 | 59 | 62 | 41 | 52 | 50 |
| Cash Conversion Cycle | -24 | -9 | 13 | 28 | 22 | 17 | 32 | 26 | 26 | 37 | 37 | 41 |
| Working Capital Days | -48 | -40 | -29 | -12 | -19 | -31 | -29 | -26 | -15 | -11 | -5 | 10 |
| ROCE % | 14% | 11% | 10% | 9% | 12% | 8% | 7% | 14% | 15% | 13% | 13% | 12% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
2d - Jay Ushin reports Brickwork rating withdrawal request and India Ratings assigned IND BBB/Stable for Rs. 1,580 million facilities.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Pursunat to the Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2025 we are enclosing herewith a copy of advertisement for Audited Financial …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Pursuant to the Regulation 30 of SEBI (Listing Obligation and Doisclosure Requirement) Regulation, 2015, we are enclosing herewith a copy of advertiesment for Audited Financila …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual secretarial compliance report for FY2026 notes BSE fines for delayed filings and late promoter declaration.
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Corporate Action-Board to consider Dividend
29 May - Board approved FY26 audited results, Rs.4 dividend, AGM on September 30, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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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