Jagan Lamps Ltd

Jagan Lamps Ltd

₹ 41.4 5.21%
01 Apr - close price
About

Incorporated in 1993, Jagan Lamps Ltd manufactures Auto Bulb & Halogen Lamp and Electric Bikes[1]

Key Points

Business Overview:[1]
Company is a manufacturer of Automotive Lighting through its 3 manufacturing facilities equipped with fully automatic machines catering to Aftermarket, Original Equipment Manufacturer (OEM) market and across the globe. Company also manufactures Electric bikes

  • Market Cap 30.2 Cr.
  • Current Price 41.4
  • High / Low 97.0 / 38.3
  • Stock P/E 11.5
  • Book Value 46.8
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 8.93 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.88 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.71% 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

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
12.47 14.15 10.34 14.47 12.24 14.12 10.52 14.88 12.13 12.26 8.98 10.90 13.35
11.20 12.77 9.40 13.25 11.31 12.39 9.64 13.67 10.72 10.26 8.03 9.85 12.31
Operating Profit 1.27 1.38 0.94 1.22 0.93 1.73 0.88 1.21 1.41 2.00 0.95 1.05 1.04
OPM % 10.18% 9.75% 9.09% 8.43% 7.60% 12.25% 8.37% 8.13% 11.62% 16.31% 10.58% 9.63% 7.79%
0.36 0.36 0.14 0.11 0.25 0.18 0.10 0.28 -0.01 0.21 0.11 0.18 0.08
Interest 0.17 0.10 0.05 0.06 0.04 0.07 0.11 0.20 0.26 0.37 0.20 0.21 0.15
Depreciation 0.34 0.34 0.34 0.34 0.34 0.33 0.35 0.36 0.35 0.33 0.35 0.35 0.35
Profit before tax 1.12 1.30 0.69 0.93 0.80 1.51 0.52 0.93 0.79 1.51 0.51 0.67 0.62
Tax % 25.89% 23.85% 24.64% 25.81% 23.75% 24.50% 30.77% 24.73% 27.85% 20.53% 27.45% 25.37% 9.68%
0.83 1.00 0.51 0.68 0.60 1.14 0.37 0.70 0.57 1.20 0.37 0.50 0.56
EPS in Rs 1.14 1.37 0.70 0.93 0.82 1.56 0.51 0.96 0.78 1.64 0.51 0.68 0.77
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
17.24 17.74 12.76 13.15 14.55 18.52 23.14 30.84 44.70 46.77 51.17 49.80 45.49
14.65 15.03 11.78 11.35 13.05 17.16 20.14 27.24 41.42 42.36 46.33 44.27 40.45
Operating Profit 2.59 2.71 0.98 1.80 1.50 1.36 3.00 3.60 3.28 4.41 4.84 5.53 5.04
OPM % 15.02% 15.28% 7.68% 13.69% 10.31% 7.34% 12.96% 11.67% 7.34% 9.43% 9.46% 11.10% 11.08%
0.12 0.02 0.38 0.32 0.67 1.20 0.49 0.55 1.40 0.90 0.68 0.59 0.58
Interest 0.12 0.09 0.09 0.08 0.05 0.09 0.04 0.04 0.10 0.40 0.24 0.98 0.93
Depreciation 0.83 0.88 0.83 1.23 1.18 1.22 1.21 1.20 1.24 1.35 1.35 1.39 1.38
Profit before tax 1.76 1.76 0.44 0.81 0.94 1.25 2.24 2.91 3.34 3.56 3.93 3.75 3.31
Tax % 32.95% 31.25% 100.00% 33.33% 46.81% 23.20% 24.55% 28.52% 28.74% 25.00% 25.19% 24.53%
1.19 1.21 0.00 0.54 0.51 0.97 1.70 2.08 2.39 2.66 2.94 2.84 2.63
EPS in Rs 1.73 1.75 0.00 0.78 0.74 1.41 2.47 3.02 3.34 3.64 4.03 3.89 3.60
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.12% 29.96% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 4%
TTM: -12%
Compounded Profit Growth
10 Years: 9%
5 Years: 11%
3 Years: 6%
TTM: -5%
Stock Price CAGR
10 Years: 18%
5 Years: 6%
3 Years: -5%
1 Year: -42%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 10%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

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 6.89 6.89 6.89 6.89 6.89 6.89 6.89 6.89 7.16 7.30 7.30 7.30 7.30
Reserves 7.67 8.88 8.88 9.42 9.94 10.90 12.60 14.65 18.20 20.03 22.99 25.99 26.86
4.74 3.53 1.62 0.51 2.91 1.16 1.22 1.53 4.45 5.87 5.48 9.48 10.60
8.33 10.47 10.45 9.59 7.73 7.76 7.08 7.86 7.36 6.52 6.60 10.54 11.38
Total Liabilities 27.63 29.77 27.84 26.41 27.47 26.71 27.79 30.93 37.17 39.72 42.37 53.31 56.14
16.96 16.29 22.27 22.13 21.59 20.49 19.35 18.96 19.34 18.88 17.80 16.80 16.25
CWIP 1.63 6.05 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.04 7.43 5.57 4.28 5.88 6.22 8.44 11.96 17.83 20.84 24.57 36.51 39.89
Total Assets 27.63 29.77 27.84 26.41 27.47 26.71 27.79 30.93 37.17 39.72 42.37 53.31 56.14

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
7.67 3.53 1.97 1.47 -1.92 2.21 0.61 0.49 -3.46 1.85 -0.22 -2.56
-12.06 -4.62 -0.75 -1.10 -0.56 -0.12 -0.06 -0.81 -1.60 -1.06 -0.29 -0.38
2.73 -1.04 -1.21 -0.17 2.29 -1.82 0.03 0.29 4.30 0.35 -0.59 3.12
Net Cash Flow -1.66 -2.13 0.01 0.20 -0.19 0.26 0.58 -0.03 -0.75 1.14 -1.10 0.18
Free Cash Flow -4.45 -1.09 1.21 0.37 -2.49 2.09 0.54 -0.33 -5.06 0.95 -0.49 -2.95
CFO/OP 296% 130% 201% 82% -118% 192% 33% 28% -83% 59% 18% -28%

Ratios

Figures in Rs. Crores

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 63.52 63.37 24.60 54.68 65.47 69.77 60.89 69.24 71.78 71.88 67.41 76.15
Inventory Days 51.90 90.04 101.52 43.76 66.70 48.67 77.01 61.15 69.84 100.08 111.13 233.97
Days Payable 117.03 143.02 196.20 228.59 148.42 163.03 103.26 79.54 43.35 19.76 30.05 68.06
Cash Conversion Cycle -1.62 10.39 -70.07 -130.15 -16.25 -44.60 34.64 50.84 98.26 152.20 148.49 242.06
Working Capital Days -69.65 -90.12 -145.31 -128.51 -89.31 -38.23 8.04 39.77 63.45 69.46 99.72 128.70
ROCE % 11.51% 9.59% 5.94% 5.20% 5.09% 6.93% 11.50% 13.48% 13.01% 12.57% 12.09% 12.04%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Apr 2023 Nov 2024
Installed Production Capacity (Auto Lamps / Bulbs)
Lakh Nos.

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Actual Production (Head Lights)
Lakh Nos.
Actual Production (Lamps / Bulbs)
Lakh Nos.
Installed Production Capacity (Head Lights)
Lakh Nos.
Capacity Utilization
%
Order Book - Domestic
INR Crores
Order Book - Export
USD Millions

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
57.83% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78% 57.78%
42.18% 42.21% 42.22% 42.22% 42.22% 42.21% 42.21% 42.22% 42.21% 42.21% 42.21% 42.21%
No. of Shareholders 5,6756,2466,2836,2758,6738,5898,5588,4378,1998,0717,9207,728

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