Jay Bharat Maruti Ltd
Incorporated in 1987, Jay Bharat Maruti manufactures automobile components and assemblies[1]
- Market Cap ₹ 958 Cr.
- Current Price ₹ 88.5
- High / Low ₹ 112 / 55.3
- Stock P/E 14.5
- Book Value ₹ 55.6
- Dividend Yield 0.79 %
- ROCE 8.00 %
- ROE 5.78 %
- 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 6.48% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,994 | 1,658 | 1,499 | 2,078 | 2,344 | 2,292 | 2,290 | 2,341 | |
| 1,820 | 1,517 | 1,363 | 1,928 | 2,171 | 2,126 | 2,125 | 2,121 | |
| Operating Profit | 174 | 141 | 136 | 150 | 173 | 167 | 165 | 220 |
| OPM % | 9% | 9% | 9% | 7% | 7% | 7% | 7% | 9% |
| 3 | 2 | 5 | 1 | 2 | 5 | 4 | 5 | |
| Interest | 34 | 38 | 33 | 33 | 37 | 40 | 36 | 37 |
| Depreciation | 61 | 63 | 66 | 75 | 80 | 84 | 84 | 88 |
| Profit before tax | 82 | 42 | 42 | 43 | 58 | 48 | 49 | 101 |
| Tax % | 36% | 33% | 37% | 35% | 35% | 32% | 33% | |
| 52 | 28 | 26 | 28 | 38 | 32 | 33 | 66 | |
| EPS in Rs | 4.81 | 2.61 | 2.42 | 2.60 | 3.50 | 2.98 | 3.04 | 6.11 |
| Dividend Payout % | 10% | 10% | 10% | 19% | 20% | 24% | 23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 3% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 4% |
| TTM: | 151% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 393 | 412 | 439 | 453 | 486 | 517 | 541 | 581 |
| 404 | 445 | 369 | 380 | 336 | 440 | 540 | 616 | |
| 398 | 339 | 414 | 473 | 456 | 577 | 569 | 611 | |
| Total Liabilities | 1,205 | 1,207 | 1,233 | 1,327 | 1,299 | 1,556 | 1,672 | 1,829 |
| 832 | 817 | 860 | 856 | 881 | 906 | 922 | 1,200 | |
| CWIP | 51 | 143 | 83 | 62 | 23 | 162 | 308 | 64 |
| Investments | 17 | 21 | 24 | 26 | 27 | 34 | 38 | 44 |
| 305 | 226 | 266 | 382 | 368 | 453 | 404 | 522 | |
| Total Assets | 1,205 | 1,207 | 1,233 | 1,327 | 1,299 | 1,556 | 1,672 | 1,829 |
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 | -29 | -45 | -54 | -39 | -28 | -40 | -38 |
| ROCE % | 10% | 9% | 9% | 11% | 10% | 8% |
Documents
Announcements
-
Intimation Of Request Received W.R.T. Special Window For Transfer Of Physical Shares For Period November 07, 2025 To December 06, 2025
8 Dec - No shareholders requested physical share transfers in SEBI special window (07 Nov–06 Dec 2025).
-
Intimation Of Request Received W.R.T. Special Window For Transfer Of Physical Shares For Period October 07, 2025 To November 06, 2025
7 Nov - No requests for transfer of physical shares received during Oct 7–Nov 6, 2025; RTA certificate attached.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Newspaper Advertisement for Un-audited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2025.
-
Un-Audited Standalone & Consolidated Financial Results For The Second Quarter And Half-Year Ended September 30,2025
6 Nov - Unaudited standalone and consolidated results for quarter/H1 ended Sep 30, 2025; incentive Rs35.50 crore; limited review.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, November 06, 2025
6 Nov - Board approved Q2 and H1 FY2025-26 unaudited results to Sept 30, 2025; incentive Rs 35.50 crore included.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Jan 2022TranscriptAI SummaryPPT
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