Jay Bharat Maruti Ltd

Jay Bharat Maru. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jay Bharat Maruti Ltd

₹ 120 2.65%
26 Apr - close price
jbmgroup.com BSE: 520066 NSE : JAYBARMARU
About

Jay Bharat Maruti Limited, founded in 1983, in collaboration with Maruti Suzuki India Limited (MSIL), is the leading manufacturer of key auto components and assemblies such as exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars. Their manufacturing plants are located in Gurgaon, Bawal, Manesar (Haryana) and Gujarat. [1]

Key Points

Product Portfolio
The co. manufactures sheet metal-based BIW components, rear axle assemblies, fuel neck components, and assemblies, besides designing and developing dies, automotive machines, and equipment. [1]

Website BSE NSE
  • Market Cap ₹ 1,300 Cr.
  • Current Price ₹ 120
  • High / Low ₹ 144 / 60.8
  • Stock P/E 36.8
  • Book Value ₹ 47.8
  • Dividend Yield 0.58 %
  • ROCE 11.2 %
  • ROE 7.67 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.51 times its book value
  • Company has a low return on equity of 6.64% 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
496.03 540.98 411.55 467.55 505.72 694.57 554.24 580.64 535.97 673.36 533.17 613.33 547.51
445.59 482.81 380.80 435.66 466.11 646.89 515.15 537.44 496.31 622.00 495.73 568.08 506.96
Operating Profit 50.44 58.17 30.75 31.89 39.61 47.68 39.09 43.20 39.66 51.36 37.44 45.25 40.55
OPM % 10.17% 10.75% 7.47% 6.82% 7.83% 6.86% 7.05% 7.44% 7.40% 7.63% 7.02% 7.38% 7.41%
3.01 0.91 0.21 0.44 0.29 0.39 0.40 0.71 0.20 0.78 0.67 0.89 1.23
Interest 8.44 7.79 8.09 8.49 8.11 8.05 8.21 9.53 9.28 9.82 9.40 10.48 10.53
Depreciation 17.02 19.64 18.38 17.97 19.48 19.65 19.61 20.28 19.86 20.31 21.08 21.46 20.92
Profit before tax 27.99 31.65 4.49 5.87 12.31 20.37 11.67 14.10 10.72 22.01 7.63 14.20 10.33
Tax % 36.01% 36.30% 32.07% 37.48% 39.72% 31.22% 32.39% 36.31% 37.41% 34.85% 32.37% 35.92% 34.95%
17.91 20.17 3.05 3.68 7.42 14.00 7.89 8.97 6.70 14.34 5.17 9.10 6.72
EPS in Rs 1.66 1.86 0.28 0.34 0.69 1.29 0.73 0.83 0.62 1.32 0.48 0.84 0.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,994 1,658 1,499 2,078 2,344 2,367
1,820 1,517 1,363 1,928 2,171 2,193
Operating Profit 174 141 136 150 173 175
OPM % 9% 9% 9% 7% 7% 7%
3 2 5 1 2 4
Interest 34 38 33 33 37 40
Depreciation 61 63 66 75 80 84
Profit before tax 82 42 42 43 58 54
Tax % 36% 33% 37% 35% 35%
52 28 26 28 38 35
EPS in Rs 4.81 2.61 2.42 2.60 3.50 3.26
Dividend Payout % 10% 10% 10% 19% 20%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: -6%
Stock Price CAGR
10 Years: 27%
5 Years: 20%
3 Years: 31%
1 Year: 97%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 22 22 22
Reserves 393 412 439 453 486 495
404 445 369 380 336 435
398 339 414 473 456 522
Total Liabilities 1,205 1,207 1,233 1,327 1,299 1,475
832 817 860 856 881 946
CWIP 51 143 83 62 23 74
Investments 17 21 24 26 27 30
305 226 266 382 368 424
Total Assets 1,205 1,207 1,233 1,327 1,299 1,475

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
128 154 163 106 154
-195 -144 -50 -76 -65
66 -10 -113 -29 -87
Net Cash Flow -1 1 1 1 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35%
3.50% 3.59% 3.49% 3.50% 3.43% 3.48% 3.42% 3.40% 3.55% 3.71% 3.63% 2.61%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
0.64% 0.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
36.48% 36.40% 37.14% 37.13% 37.19% 37.15% 37.19% 37.24% 37.07% 36.92% 36.99% 38.02%
No. of Shareholders 25,51425,22725,05324,42124,16622,79321,96521,46221,17821,62223,52833,025

* 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.

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Documents

Announcements

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Credit ratings

Concalls

  • Jan 2022
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