Jamna Auto Industries Ltd
Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.[1]
- Market Cap ₹ 5,809 Cr.
- Current Price ₹ 145
- High / Low ₹ 154 / 101
- Stock P/E 24.0
- Book Value ₹ 28.7
- Dividend Yield 1.62 %
- ROCE 26.0 %
- ROE 22.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 45.4%
Cons
- Promoter holding has decreased over last quarter: -5.03%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,095 | 1,256 | 1,292 | 1,738 | 2,135 | 1,129 | 1,079 | 1,718 | 2,325 | 2,427 | 2,270 | 2,612 | 2,650 | |
| Sales growth | +31% | +15% | +3% | +34% | +23% | -47% | -4% | +59% | +35% | +4% | -6% | +15% | +16% |
| 1,001 | 1,092 | 1,091 | 1,499 | 1,856 | 1,013 | 945 | 1,491 | 2,063 | 2,097 | 1,965 | 2,215 | 2,245 | |
| Operating Profit | 95 | 164 | 201 | 239 | 279 | 116 | 134 | 227 | 262 | 329 | 305 | 396 | 405 |
| OPM % | 9% | 13% | 16% | 14% | 13% | 10% | 12% | 13% | 11% | 14% | 13% | 15% | 15% |
| 2 | 7 | 6 | 9 | 11 | 15 | 10 | 5 | 12 | 3 | 3 | -2 | -2 | |
| Interest | 18 | 20 | 14 | 20 | 28 | 18 | 7 | 4 | 3 | 5 | 5 | 14 | 17 |
| Depreciation | 31 | 45 | 48 | 41 | 46 | 41 | 36 | 37 | 41 | 44 | 47 | 61 | 66 |
| Profit before tax | 47 | 105 | 145 | 186 | 216 | 72 | 101 | 191 | 229 | 283 | 256 | 320 | 321 |
| Tax % | 38% | 32% | 28% | 33% | 36% | 33% | 28% | 26% | 27% | 27% | 30% | 28% | |
| 29 | 72 | 105 | 125 | 137 | 48 | 73 | 141 | 168 | 205 | 180 | 231 | 234 | |
| EPS in Rs | 0.74 | 1.80 | 2.63 | 3.14 | 3.45 | 1.20 | 1.83 | 3.53 | 4.22 | 5.15 | 4.52 | 5.78 | 5.85 |
| Dividend Payout % | 30% | 31% | 27% | 27% | 28% | 33% | 41% | 42% | 45% | 47% | 46% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 19% |
| 3 Years: | 4% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 27% |
| 3 Years: | 12% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 157 | 203 | 293 | 384 | 470 | 477 | 540 | 645 | 744 | 863 | 953 | 1,107 |
| 64 | 16 | 73 | 63 | 4 | 152 | 125 | 191 | 30 | 293 | 358 | 150 | |
| 234 | 225 | 155 | 303 | 554 | 121 | 292 | 317 | 226 | 154 | 174 | 351 | |
| Total Liabilities | 495 | 484 | 561 | 789 | 1,067 | 790 | 998 | 1,193 | 1,040 | 1,350 | 1,525 | 1,648 |
| 242 | 211 | 281 | 301 | 373 | 369 | 351 | 436 | 434 | 468 | 504 | 849 | |
| CWIP | 8 | 65 | 20 | 31 | 40 | 132 | 134 | 53 | 56 | 121 | 275 | 108 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| 245 | 207 | 259 | 457 | 655 | 289 | 512 | 703 | 550 | 761 | 742 | 692 | |
| Total Assets | 495 | 484 | 561 | 789 | 1,067 | 790 | 998 | 1,193 | 1,040 | 1,350 | 1,525 | 1,648 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 138 | 81 | 126 | 281 | -1 | 100 | 1 | 374 | 90 | 289 | 510 | |
| -22 | -75 | -83 | -72 | -130 | -97 | -18 | -36 | -88 | -160 | -189 | -245 | |
| -78 | -66 | 6 | -57 | -139 | 80 | -45 | 20 | -257 | 92 | -34 | -302 | |
| Net Cash Flow | -2 | -3 | 4 | -2 | 12 | -19 | 37 | -15 | 28 | 22 | 66 | -37 |
| Free Cash Flow | 75 | 70 | -6 | 51 | 151 | -101 | 82 | -36 | 286 | -73 | 103 | 261 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 115% | 96% | 69% | 79% | 129% | 18% | 95% | 24% | 164% | 51% | 120% | 153% |
Ratios
Consolidated / View Standalone
| 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 | 19 | 11 | 10 | 40 | 52 | 26 | 58 | 61 | 10 | 28 | 25 | 11 |
| Inventory Days | 54 | 49 | 53 | 53 | 61 | 67 | 116 | 102 | 77 | 84 | 82 | 74 |
| Days Payable | 91 | 61 | 37 | 68 | 117 | 19 | 102 | 66 | 15 | 15 | 19 | 48 |
| Cash Conversion Cycle | -18 | -0 | 26 | 25 | -4 | 73 | 71 | 97 | 71 | 97 | 88 | 37 |
| Working Capital Days | -19 | -19 | -4 | 19 | 7 | 18 | 21 | 38 | 31 | 25 | 6 | 5 |
| ROCE % | 23% | 49% | 48% | 46% | 49% | 15% | 16% | 25% | 28% | 29% | 21% | 26% |
Insights
In beta| Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New Markets Revenue Share (Aftermarket + Export) % |
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| Number of Manufacturing Plants count |
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| Market Share in M&HCV OEM Leaf Springs (India) % |
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| Installed Capacity MT per annum |
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| Aftermarket Distributors count |
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| Number of Export Countries count |
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| Parabolic Springs Share of Revenue % |
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| Sales Volume Lakh MT |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Notice with respect to opening of special window for re-lodgement of transfer request and dematerialisation of physical securities.
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Board Meeting Intimation for Notice Of The Meeting Of Board Of The Company
- Board meeting on November 14, 2026 to approve Q2/H1 FY27 results and consider interim dividend.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) dematerialisation certificate for quarter ended September 30, 2026.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
- Crisil ESG assigned Jamna Auto a 61 'Strong' ESG rating on 7 October 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026PPT
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Mar 2018PPT
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Feb 2016PPT
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Feb 2016PPT
Business Overview:[1]
Jamna Auto Industries makes suspension components and systems, mainly for
commercial vehicles (CVs). Its products
include conventional, parabolic and hybrid
leaf springs, lift axles, stabiliser bars, trailer mechanical and air suspensions, slipper suspensions, drop axles and allied parts.