Jay Bharat Maruti Ltd

Jay Bharat Maruti Ltd

₹ 78.8 -6.36%
23 May - close price
About

Incorporated in 1987, Jay Bharat Maruti manufactures automobile components and assemblies[1]

Key Points

Business Overview:[1][2]
JBML was formed as a JV between Arya Family and Maruti Suzuki India Ltd. It is a key supplier of sheet metal-based body-in-white (BIW) components, rear axle assemblies and fuel necks & assemblies, to Maruti Suzuki India Limited, for its entire model range. It also does designing and developing dies and moulds, automotive machines and equipment

  • Market Cap 853 Cr.
  • Current Price 78.8
  • High / Low 125 / 55.3
  • Stock P/E 25.9
  • Book Value 52.0
  • Dividend Yield 0.89 %
  • ROCE 8.16 %
  • ROE 5.98 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 22.2%

Cons

  • The company has delivered a poor sales growth of 6.68% over past five years.
  • Company has a low return on equity of 6.55% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
695 554 581 536 673 533 613 548 598 533 555 591 611
647 515 537 496 622 496 568 507 555 496 521 555 553
Operating Profit 48 39 43 40 51 37 45 41 43 38 34 35 58
OPM % 7% 7% 7% 7% 8% 7% 7% 7% 7% 7% 6% 6% 9%
0 0 1 0 1 1 1 1 2 1 1 1 2
Interest 8 8 10 9 10 9 10 11 9 9 9 9 8
Depreciation 20 20 20 20 20 21 21 21 21 21 21 21 21
Profit before tax 20 12 14 11 22 8 14 10 15 8 5 6 30
Tax % 31% 32% 36% 37% 35% 32% 36% 35% 27% 33% 34% 34% 32%
14 8 9 7 14 5 9 7 11 5 3 4 21
EPS in Rs 1.29 0.73 0.83 0.62 1.32 0.48 0.84 0.62 1.04 0.50 0.28 0.36 1.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,994 1,658 1,499 2,078 2,344 2,292 2,290
1,820 1,517 1,363 1,928 2,171 2,126 2,125
Operating Profit 174 141 136 150 173 167 165
OPM % 9% 9% 9% 7% 7% 7% 7%
3 2 5 1 2 5 4
Interest 34 38 33 33 37 40 36
Depreciation 61 63 66 75 80 84 84
Profit before tax 82 42 42 43 58 48 49
Tax % 36% 33% 37% 35% 35% 32% 33%
52 28 26 28 38 32 33
EPS in Rs 4.81 2.61 2.42 2.60 3.50 2.98 3.04
Dividend Payout % 10% 10% 10% 19% 20% 24% 23%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 3%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: 5%
TTM: 3%
Stock Price CAGR
10 Years: 11%
5 Years: 24%
3 Years: 14%
1 Year: -27%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 22 22 22 22
Reserves 393 412 439 453 486 517 541
404 445 369 380 336 440 540
398 339 414 473 456 577 569
Total Liabilities 1,205 1,207 1,233 1,327 1,299 1,556 1,672
832 817 860 856 881 906 922
CWIP 51 143 83 62 23 162 308
Investments 17 21 24 26 27 34 38
305 226 266 382 368 453 404
Total Assets 1,205 1,207 1,233 1,327 1,299 1,556 1,672

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
128 154 163 106 154 188 199
-195 -144 -50 -76 -65 -140 -265
66 -10 -113 -29 -87 -51 65
Net Cash Flow -1 1 1 1 3 -4 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 11 15 16 13 20 14
Inventory Days 40 35 49 47 40 55 51
Days Payable 49 47 66 60 51 68 65
Cash Conversion Cycle 5 -1 -2 3 2 7 0
Working Capital Days -15 -20 -21 -9 1 -4 -9
ROCE % 10% 9% 9% 11% 10% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35%
3.43% 3.48% 3.42% 3.40% 3.55% 3.71% 3.63% 2.61% 0.83% 0.83% 0.83% 0.86%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
37.19% 37.15% 37.19% 37.24% 37.07% 36.92% 36.99% 38.02% 39.80% 39.80% 39.81% 39.76%
No. of Shareholders 24,16622,79321,96521,46221,17821,62223,52833,02535,82838,27941,10740,531

* 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.

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