Jay Ushin Ltd

Jay Ushin Ltd

₹ 894 -0.11%
12 Jun - close price
About

Incorporated in 1986, Jay Ushin Ltd manufactures, purchases and sells automobiles components[1]

Key Points

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

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
173.61 162.29 201.16 176.99 185.81 195.77 212.02 218.51 228.90 214.13 242.27 245.11 267.56
166.83 156.58 192.99 169.44 181.65 187.02 202.38 209.58 219.04 204.94 233.04 237.74 257.92
Operating Profit 6.78 5.71 8.17 7.55 4.16 8.75 9.64 8.93 9.86 9.19 9.23 7.37 9.64
OPM % 3.91% 3.52% 4.06% 4.27% 2.24% 4.47% 4.55% 4.09% 4.31% 4.29% 3.81% 3.01% 3.60%
4.40 3.68 3.61 3.16 4.78 3.45 2.81 4.13 3.24 3.61 3.43 3.55 3.41
Interest 4.06 3.37 3.61 3.45 3.55 4.24 4.32 4.29 3.65 3.61 3.60 3.05 3.68
Depreciation 3.02 2.30 2.72 2.59 2.93 3.91 3.99 4.01 5.09 3.92 4.08 4.11 4.01
Profit before tax 4.10 3.72 5.45 4.67 2.46 4.05 4.14 4.76 4.36 5.27 4.98 3.76 5.36
Tax % 29.51% 26.88% 21.65% 17.56% -41.06% 35.80% 18.12% 30.04% 32.57% 13.09% 29.92% -14.36% -0.75%
2.89 2.71 4.27 3.85 3.47 2.59 3.39 3.33 2.94 4.58 3.49 4.30 5.40
EPS in Rs 7.48 7.01 11.05 9.96 8.98 6.70 8.77 8.62 7.61 11.85 9.03 11.13 13.97
Raw PDF

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
Revenue Contribution - Door Latches
%
Revenue Contribution - Lock and Key Sets
%
Revenue Contribution - Switches
%
Production Volume - Lock sets and components
Nos.
Production Volume - Switches
Nos.
Sales Volume - Lock sets and components
Nos.
Sales Volume - Switches
Nos.
Customer Concentration (Revenue from Top 3 Customers)
%
Segmental Sale Mix - 4-Wheellers
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
61.88% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86% 62.86%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
38.08% 37.10% 37.10% 37.11% 37.11% 37.11% 37.12% 37.12% 37.11% 37.12% 37.12% 37.12%
No. of Shareholders 2,0162,0252,0521,9861,9592,0332,0372,0342,0271,9842,4782,373

* 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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