JBM Auto Ltd

₹ 621 1.25%

01 Dec 9:55 a.m.

About

Incorporated in 1983, JBM Auto Ltd is in automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including sale of spare parts, accessories and maintenance contract for Buses^[1]

Key Points

Market Position
The company is a market leader in e-buses, with a 30%-35% market share. ^[1] It has set up the world’s largest dedicated integrated EV ecosystem and electric bus manufacturing facility (excluding China) with integrated electronics manufacturing facilities. ^[2]

Website BSE NSE

Market Cap ₹ 14,691 Cr.
Current Price ₹ 621
High / Low ₹ 899 / 489
Stock P/E 100
Book Value ₹ 51.4
Dividend Yield 0.14 %
ROCE 14.3 %
ROE 12.1 %
Face Value ₹ 1.00

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Pros

Company has been maintaining a healthy dividend payout of 18.9%

Cons

Stock is trading at 11.9 times its book value
Company has a low return on equity of 10.2% 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Equal Weight Nifty EV & New Age Automotive Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	1,010	927	964	844	808	1,260	1,332	1,054	1,100	1,277	1,346	1,234	1,203
	919	838	882	765	741	1,172	1,266	957	1,013	1,175	1,235	1,135	1,092
Operating Profit	91	88	82	79	66	89	65	98	87	102	111	99	111
OPM %	9%	10%	8%	9%	8%	7%	5%	9%	8%	8%	8%	8%	9%
	11	10	12	8	8	3	8	9	19	16	16	8	20
Interest	26	32	31	33	33	36	32	33	38	48	44	36	42
Depreciation	25	25	26	27	27	27	28	28	29	29	29	28	28
Profit before tax	52	41	37	26	14	29	13	45	39	42	54	43	61
Tax %	26%	28%	27%	25%	27%	28%	22%	25%	22%	27%	28%	26%	26%
	38	29	27	19	11	21	10	34	30	30	39	32	45
EPS in Rs	1.62	1.25	1.13	0.82	0.45	0.88	0.43	1.43	1.29	1.28	1.66	1.36	1.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	566	600	567	698	766	2,207	1,947	1,966	3,168	3,749	4,244	4,778	5,061
	502	534	504	622	677	1,949	1,717	1,764	2,844	3,411	3,945	4,379	4,637
Operating Profit	63	66	63	76	89	258	230	202	324	338	299	398	424
OPM %	11%	11%	11%	11%	12%	12%	12%	10%	10%	9%	7%	8%	8%
	6	10	11	26	11	25	15	13	24	38	27	60	60
Interest	22	21	28	30	27	59	64	57	75	109	134	163	170
Depreciation	14	16	21	23	25	75	74	76	85	100	109	115	114
Profit before tax	34	39	25	49	47	148	107	82	188	166	82	180	200
Tax %	28%	14%	1%	19%	32%	35%	35%	36%	16%	27%	26%	26%
	24	34	25	40	32	97	69	53	157	122	61	134	147
EPS in Rs	1.19	1.65	1.21	1.95	1.57	4.74	2.94	2.24	6.64	5.14	2.57	5.67	6.21
Dividend Payout %	13%	30%	29%	21%	25%	10%	12%	13%	8%	13%	29%	15%

Compounded Sales Growth
10 Years:	23%
5 Years:	20%
3 Years:	15%
TTM:	7%

Compounded Profit Growth
10 Years:	15%
5 Years:	14%
3 Years:	-5%
TTM:	54%

Stock Price CAGR
10 Years:	32%
5 Years:	62%
3 Years:	42%
1 Year:	-22%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	10%
Last Year:	12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	10	20	20	20	20	20	24	24	24	24	24	24	24
Reserves	151	162	177	169	191	619	674	718	867	977	1,021	1,136	1,193
	194	264	253	297	355	781	627	842	1,090	1,290	1,256	1,312	1,897
	228	176	268	230	223	580	678	866	921	766	983	981	906
Total Liabilities	583	623	719	717	789	2,000	2,003	2,450	2,901	3,056	3,284	3,453	4,020
	197	287	286	279	265	834	861	871	925	979	959	967	949
CWIP	54	6	24	34	63	70	90	108	50	10	72	12	41
Investments	71	71	71	71	76	41	48	76	152	229	300	300	299
	260	258	338	333	385	1,055	1,004	1,395	1,775	1,838	1,954	2,174	2,730
Total Assets	583	623	719	717	789	2,000	2,003	2,450	2,901	3,056	3,284	3,453	4,020

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	91	19	83	54	31	152	370	14	32	62	489	329
	-88	-62	-34	-33	-51	-190	-123	-159	-186	-141	-311	-146
	-3	45	-50	-23	20	46	-236	138	166	68	-184	-126
Net Cash Flow	1	1	-2	-2	0	9	11	-7	12	-11	-5	57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	93	75	78	82	90	101	93	132	71	79	63	75
Inventory Days	66	78	154	93	100	68	80	94	64	54	72	55
Days Payable	101	90	202	135	107	97	108	148	88	57	73	58
Cash Conversion Cycle	58	63	31	41	84	73	65	78	48	76	62	72
Working Capital Days	-60	-36	-58	-31	-16	-5	-11	-13	-4	5	-17	2
ROCE %	17%	15%	12%	15%	14%	21%	12%	10%	15%	13%	9%	14%

Shareholding Pattern

Numbers in percentages

6 Recently

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%
	1.37%	1.66%	1.73%	2.52%	2.82%	3.34%	3.30%	3.26%	3.28%	2.75%	2.30%	1.90%
	0.02%	0.05%	0.02%	0.03%	0.04%	0.06%	0.05%	0.06%	0.07%	0.07%	0.09%	0.08%
	31.08%	30.76%	30.72%	29.91%	29.62%	29.09%	29.12%	29.14%	29.12%	29.64%	30.07%	30.47%
No. of Shareholders	51,760	48,201	54,667	90,389	89,478	1,11,902	1,29,244	1,30,765	1,34,974	1,68,469	1,75,550	1,87,359

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	61.96%	61.96%	61.96%	67.46%	67.54%	67.53%	67.53%	67.53%	67.53%	67.53%
	0.21%	0.47%	0.19%	0.77%	0.89%	1.25%	1.66%	3.34%	2.75%	1.90%
	0.18%	0.28%	0.06%	0.14%	0.01%	0.00%	0.05%	0.06%	0.07%	0.08%
	37.65%	37.29%	37.80%	31.63%	31.56%	31.22%	30.76%	29.09%	29.64%	30.47%
No. of Shareholders	14,897	17,917	18,321	17,601	19,092	52,928	48,201	1,11,902	1,68,469	1,87,359

* 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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JBM Auto Ltd

JBM Auto Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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