Jamna Auto Industries Ltd

About

Jamna Auto Industries Ltd is India's market leader in automotive suspension solutions. The company is involved in manufacturing and selling of Tapered leaf, parabolic springs and life axles.[1]

Key Points

Product Portfolio
The company's product portfolio includes leaf springs, parabolic springs, life axles, air suspension, trailer suspension, stabilizer bar, Z-springs, spring allied components, lift allied components, etc.[1]
The company derives most of its revenues from a single product category i.e. leaf springs that are commoditised in nature.[2]

See full details
  • Market Cap 3,941 Cr.
  • Current Price 98.9
  • High / Low 101 / 39.8
  • Stock P/E 37.5
  • Book Value 14.6
  • Dividend Yield 0.76 %
  • ROCE 17.3 %
  • ROE 13.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 33.92%

Cons

  • The company has delivered a poor sales growth of -2.98% over past five years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
548 486 543 421 242 229 237 65 187 343 484 295
480 423 474 375 223 207 210 72 170 292 412 260
Operating Profit 68 64 69 46 19 21 28 -7 17 51 72 35
OPM % 12% 13% 13% 11% 8% 9% 12% -11% 9% 15% 15% 12%
Other Income 3 4 2 1 6 4 4 1 5 1 3 0
Interest 6 9 5 4 6 3 4 2 1 1 2 1
Depreciation 11 12 12 13 10 9 9 8 8 10 10 8
Profit before tax 54 46 54 30 9 13 20 -16 12 42 64 27
Tax % 35% 38% 38% 32% 26% 24% 44% 22% 32% 28% 25% 27%
Net Profit 36 29 33 20 6 10 11 -13 8 30 48 19
EPS in Rs 0.89 0.72 0.84 0.51 0.16 0.25 0.28 -0.32 0.20 0.75 1.19 0.49

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
604 903 1,120 980 833 1,095 1,256 1,292 1,738 2,135 1,129 1,079 1,310
542 796 1,015 895 785 1,001 1,092 1,091 1,499 1,856 1,013 945 1,135
Operating Profit 62 107 104 86 49 95 164 201 239 279 116 134 175
OPM % 10% 12% 9% 9% 6% 9% 13% 16% 14% 13% 10% 12% 13%
Other Income 3 1 -2 2 18 2 7 6 9 11 15 10 10
Interest 26 22 19 27 24 18 20 14 20 28 18 7 5
Depreciation 14 32 32 29 26 31 45 48 41 46 41 36 36
Profit before tax 25 54 51 32 17 47 105 145 186 216 72 101 144
Tax % 22% 32% 18% 14% 17% 38% 32% 28% 33% 36% 33% 28%
Net Profit 19 37 42 28 14 29 72 105 125 137 48 73 105
EPS in Rs 0.52 0.95 1.07 0.70 0.35 0.74 1.80 2.63 3.14 3.45 1.20 1.83 2.63
Dividend Payout % 0% 21% 33% 28% 29% 30% 31% 27% 27% 28% 33% 41%
Compounded Sales Growth
10 Years:2%
5 Years:-3%
3 Years:-15%
TTM:69%
Compounded Profit Growth
10 Years:7%
5 Years:0%
3 Years:-16%
TTM:613%
Stock Price CAGR
10 Years:22%
5 Years:18%
3 Years:11%
1 Year:133%
Return on Equity
10 Years:22%
5 Years:22%
3 Years:17%
Last Year:13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
40 43 43 43 41 40 40 40 40 40 40 40
Reserves 42 92 113 132 140 157 202 293 384 470 477 540
Borrowings 119 138 183 166 125 64 16 73 63 4 152 11
189 253 297 264 234 234 226 155 303 554 121 292
Total Liabilities 386 522 632 601 539 495 484 561 789 1,067 790 883
146 174 185 265 259 242 211 281 301 373 369 351
CWIP 22 30 89 17 2 8 65 20 31 40 132 134
Investments 5 5 5 5 0 0 0 0 0 0 0 0
213 313 353 314 277 245 207 259 457 655 289 398
Total Assets 386 522 632 601 539 495 484 561 789 1,067 790 883

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
83 124 71 87 45 98 138 81 126 281 -1 215
-39 -53 -86 -32 24 -22 -75 -83 -72 -130 -97 -18
-40 -64 13 -55 -66 -78 -66 6 -57 -139 80 -160
Net Cash Flow 3 7 -1 -1 3 -2 -3 4 -2 12 -19 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 32 53 42 40 47 19 11 10 40 52 26 19
Inventory Days 75 63 65 75 65 54 49 53 53 61 67 116
Days Payable 158 129 113 123 29 27 61 37 68 117 19 102
Cash Conversion Cycle -50 -13 -6 -9 84 46 -0 26 25 -4 73 33
Working Capital Days -16 9 5 6 8 -6 -16 14 27 7 48 22
ROCE % 23% 32% 24% 17% 8% 23% 49% 48% 46% 49% 15% 17%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
47.88 47.88 47.88 47.88 48.59 48.91 49.37 50.00 50.00 50.00 50.00 50.00
5.43 5.01 5.20 4.77 8.43 7.64 6.77 6.34 6.53 6.74 7.37 7.36
7.39 8.31 8.11 7.41 5.21 5.41 5.30 5.68 7.86 8.77 9.90 11.56
39.30 38.81 38.81 39.94 37.77 38.03 38.56 37.97 35.61 34.49 32.73 31.08

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