JTEKT India Ltd

JTEKT India Ltd

₹ 140 -0.30%
23 May - close price
About

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]

Key Points

Product Portfolio
1) Steering & Columns (~96%): The co. manufactures high-performance rack and pinion manual steering gear, hydraulic power steering System, recirculating ball screw assembly, column type electric power steering for passenger vehicle, tilt & telescopic steering column, intermediate shaft, advanced columns, etc. [1] [2]

  • Market Cap 3,547 Cr.
  • Current Price 140
  • High / Low 226 / 106
  • Stock P/E 47.5
  • Book Value 34.6
  • Dividend Yield 0.43 %
  • ROCE 11.4 %
  • ROE 8.78 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • Company's working capital requirements have reduced from 30.7 days to 17.4 days

Cons

  • Stock is trading at 4.03 times its book value
  • The company has delivered a poor sales growth of 9.40% over past five years.
  • Company has a low return on equity of 11.5% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
477 479 580 471 530 478 584 552 632 553 605 592 649
440 444 529 433 480 443 524 501 562 516 558 548 593
Operating Profit 37 35 50 38 50 34 60 51 70 37 47 44 57
OPM % 8% 7% 9% 8% 10% 7% 10% 9% 11% 7% 8% 7% 9%
-3 -1 7 2 2 11 2 1 4 5 2 2 2
Interest 1 1 1 1 1 1 1 1 2 2 2 3 3
Depreciation 15 16 16 19 19 19 20 20 23 20 21 20 22
Profit before tax 18 17 39 20 32 25 42 31 49 20 26 22 34
Tax % 27% 26% 24% 23% 18% 25% 27% 24% 30% 26% 26% 27% 27%
13 13 30 15 26 19 30 24 34 15 19 16 25
EPS in Rs 0.52 0.52 1.22 0.63 1.07 0.76 1.23 0.97 1.35 0.59 0.77 0.64 0.97
Raw PDF

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
1,043 1,079 1,077 1,165 1,525 1,773 1,531 1,350 1,610 2,073 2,245 2,399
944 956 961 1,034 1,330 1,572 1,413 1,258 1,499 1,907 2,030 2,215
Operating Profit 99 123 116 130 195 201 118 92 111 166 215 185
OPM % 10% 11% 11% 11% 13% 11% 8% 7% 7% 8% 10% 8%
40 4 16 4 7 13 11 8 4 9 19 10
Interest 32 25 28 24 21 16 10 5 4 5 6 10
Depreciation 49 78 72 75 92 91 87 78 66 68 81 83
Profit before tax 58 24 32 36 89 107 33 18 45 103 146 102
Tax % 11% 24% 22% 30% 35% 36% 16% 30% 27% 22% 27% 26%
52 18 25 25 58 69 28 12 33 80 107 75
EPS in Rs 2.60 0.90 1.26 1.26 2.89 2.80 1.13 0.50 1.36 3.26 4.20 2.96
Dividend Payout % 31% 72% 40% 40% 17% 29% 31% 30% 30% 15% 14% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 14%
TTM: 7%
Compounded Profit Growth
10 Years: 15%
5 Years: 22%
3 Years: 26%
TTM: -26%
Stock Price CAGR
10 Years: 10%
5 Years: 24%
3 Years: 23%
1 Year: -15%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 11%
Last Year: 9%

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
Equity Capital 20 20 20 20 20 24 24 24 24 24 25 25
Reserves 247 242 255 279 509 549 549 553 582 652 796 854
276 257 279 245 232 188 78 49 71 62 115 156
238 218 219 221 252 272 185 261 269 284 342 427
Total Liabilities 780 737 773 765 1,013 1,034 837 887 947 1,022 1,279 1,463
421 406 438 443 516 495 450 391 367 447 503 582
CWIP 67 62 38 21 23 9 2 6 93 24 93 302
Investments 35 35 35 34 5 5 5 5 5 5 0 0
256 233 262 266 469 525 381 485 481 546 683 579
Total Assets 780 737 773 765 1,013 1,034 837 887 947 1,022 1,279 1,463

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
96 129 89 150 164 170 108 83 96 83 172 194
-15 -63 -65 -61 -113 22 -25 -22 -114 -84 -172 -272
-81 -66 -23 -91 -50 -83 -149 -42 15 -24 28 18
Net Cash Flow 0 -0 2 -2 1 108 -67 19 -3 -25 29 -59

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 49 39 47 47 63 56 47 70 56 50 54 49
Inventory Days 36 36 37 37 35 32 37 47 43 44 47 40
Days Payable 77 73 79 77 66 64 49 78 63 54 61 56
Cash Conversion Cycle 7 3 5 7 31 24 34 39 36 40 40 33
Working Capital Days -5 -11 -6 -2 21 19 29 40 32 38 37 17
ROCE % 10% 9% 9% 11% 17% 16% 6% 3% 8% 16% 17% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.98% 73.97% 73.97% 73.97% 73.97% 73.97% 73.97% 74.98% 74.98% 74.98% 74.98% 74.98%
4.58% 3.99% 3.95% 3.84% 0.32% 0.41% 0.52% 0.48% 0.57% 0.43% 0.43% 0.45%
4.52% 4.48% 4.45% 4.55% 7.68% 8.50% 9.24% 8.92% 8.96% 8.85% 9.32% 9.30%
16.92% 17.55% 17.62% 17.63% 18.04% 17.12% 16.27% 15.62% 15.47% 15.74% 15.27% 15.27%
No. of Shareholders 46,68644,19143,76743,80141,94441,98341,80846,84046,12650,09249,20548,858

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls