JBM Auto Ltd

JBM Auto Ltd

₹ 1,771 0.28%
23 Apr 4:02 p.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

Business Divisions:
a) Auto Component & Systems[1]
b) Buses & Electric Vehicles[2]
c) EV Aggregates[3]
d) EV Charging Infrastructure[4]
e) Renewables[5]
f) Environment Management[6]

  • Market Cap 20,939 Cr.
  • Current Price 1,771
  • High / Low 2,428 / 742
  • Stock P/E 270
  • Book Value 85.8
  • Dividend Yield 0.07 %
  • ROCE 12.9 %
  • ROE 12.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 30.6% CAGR over last 5 years

Cons

  • Stock is trading at 20.6 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.3% 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

Standalone Figures in Rs. Crores / View Consolidated

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
580 739 546 756 811 1,055 849 1,010 927 964 844 808 1,260
516 655 489 678 731 946 772 919 838 882 765 741 1,172
Operating Profit 64 83 57 78 81 109 76 91 88 82 79 66 89
OPM % 11% 11% 10% 10% 10% 10% 9% 9% 10% 8% 9% 8% 7%
4 4 4 6 9 6 5 11 10 12 8 8 3
Interest 15 16 18 20 19 19 21 26 32 31 33 33 36
Depreciation 21 21 20 21 22 22 24 25 25 26 27 27 27
Profit before tax 33 51 22 42 49 74 37 52 41 37 26 14 29
Tax % 35% 36% 37% 39% 34% -15% 26% 26% 28% 27% 25% 27% 28%
21 33 14 26 32 85 27 38 29 27 19 11 21
EPS in Rs 1.80 2.77 1.18 2.17 2.74 7.19 2.29 3.23 2.49 2.27 1.64 0.89 1.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
396 452 566 600 567 698 766 2,207 1,947 1,966 3,168 3,749 3,876
350 401 502 534 504 622 677 1,949 1,717 1,764 2,844 3,411 3,560
Operating Profit 46 51 63 66 63 76 89 258 230 202 324 338 315
OPM % 12% 11% 11% 11% 11% 11% 12% 12% 12% 10% 10% 9% 8%
1 7 6 10 11 26 11 25 15 13 24 38 30
Interest 25 26 22 21 28 30 27 59 64 57 75 109 133
Depreciation 11 12 14 16 21 23 25 75 74 76 85 100 107
Profit before tax 11 21 34 39 25 49 47 148 107 82 188 166 106
Tax % 37% 33% 28% 14% 1% 19% 32% 35% 35% 36% 16% 27%
7 14 24 34 25 40 32 97 69 53 157 122 78
EPS in Rs 0.70 1.35 2.38 3.29 2.41 3.90 3.15 9.47 5.88 4.48 13.27 10.29 6.55
Dividend Payout % 21% 15% 13% 30% 29% 21% 25% 10% 12% 13% 8% 13%
Compounded Sales Growth
10 Years: 24%
5 Years: 37%
3 Years: 24%
TTM: 1%
Compounded Profit Growth
10 Years: 24%
5 Years: 31%
3 Years: 21%
TTM: -57%
Stock Price CAGR
10 Years: 61%
5 Years: 76%
3 Years: 135%
1 Year: 112%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 20 20 20 20 20 24 24 24 24 24
Reserves 94 105 151 162 177 169 191 619 674 718 867 977 991
Preference Capital 5 5 10 10 10 0 0 0 0 0 0 0
204 194 184 254 243 297 355 781 627 842 1,090 1,290 1,353
123 135 238 186 278 230 223 580 678 866 921 764 719
Total Liabilities 431 444 583 623 719 717 789 2,000 2,003 2,450 2,901 3,054 3,088
133 136 197 287 286 279 265 834 861 871 925 979 977
CWIP 10 32 54 6 24 34 63 70 90 108 50 10 29
Investments 71 71 71 71 71 71 76 41 48 76 152 229 289
216 204 260 258 338 333 385 1,055 1,004 1,395 1,775 1,836 1,793
Total Assets 431 444 583 623 719 717 789 2,000 2,003 2,450 2,901 3,054 3,088

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
46 70 91 19 83 54 31 152 370 14 32 62
-24 -31 -88 -62 -34 -33 -51 -190 -123 -159 -186 -141
-20 -42 -3 45 -50 -23 20 46 -236 138 166 68
Net Cash Flow 2 -3 1 1 -2 -2 0 9 11 -7 12 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 99 89 93 75 78 82 90 101 93 132 71 79
Inventory Days 85 65 66 78 154 93 100 68 80 94 64 54
Days Payable 71 66 101 90 202 135 107 97 108 148 88 57
Cash Conversion Cycle 113 88 58 63 31 41 84 73 65 78 48 76
Working Capital Days 66 41 14 44 26 38 58 66 54 101 96 104
ROCE % 12% 15% 17% 15% 12% 15% 14% 21% 12% 10% 15% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.54% 67.54% 67.54% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53%
0.89% 0.93% 1.20% 1.25% 1.31% 1.24% 1.37% 1.66% 1.73% 2.52% 2.82% 3.34%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.02% 0.05% 0.02% 0.03% 0.04% 0.06%
31.56% 31.52% 31.26% 31.22% 31.16% 31.23% 31.08% 30.76% 30.72% 29.91% 29.62% 29.09%
No. of Shareholders 20,09023,33733,87152,92853,46256,41351,76048,20154,66790,38989,4781,11,902

* 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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