JBM Auto Ltd

₹ 621 -3.02%

29 May - close price

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 ₹ 14,697 Cr.
Current Price ₹ 621
High / Low ₹ 790 / 477
Stock P/E 65.4
Book Value ₹ 65.0
Dividend Yield 0.14 %
ROCE 14.8 %
ROE 15.6 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 35.3% CAGR over last 5 years

Cons

Stock is trading at 9.55 times its book value
Debtor days have increased from 82.4 to 131 days.

* 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 Nifty Smallcap 100 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 BSE 1000 Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,010	946	1,231	1,346	1,486	1,144	1,286	1,396	1,646	1,254	1,368	1,614	1,852
	903	833	1,091	1,190	1,314	1,014	1,128	1,228	1,461	1,134	1,218	1,441	1,623
Operating Profit	107	114	140	157	172	130	158	168	185	120	150	173	229
OPM %	11%	12%	11%	12%	12%	11%	12%	12%	11%	10%	11%	11%	12%
	3	4	10	6	12	9	10	18	17	40	39	21	30
Interest	35	39	48	54	55	52	60	68	67	66	70	74	108
Depreciation	38	40	41	43	48	43	43	44	44	44	44	42	43
Profit before tax	37	38	60	66	82	45	65	73	90	51	74	77	108
Tax %	23%	21%	19%	21%	23%	26%	19%	22%	20%	23%	26%	23%	22%
	28	30	49	52	62	34	53	56	72	39	55	60	84
EPS in Rs	1.19	1.28	1.87	2.06	2.36	1.41	2.09	2.23	2.81	1.56	2.23	2.33	3.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,557	1,518	1,501	1,633	2,207	1,947	1,982	3,193	3,857	5,009	5,472	6,088
	1,366	1,328	1,336	1,429	1,949	1,717	1,784	2,860	3,459	4,425	4,830	5,415
Operating Profit	191	190	165	204	258	230	198	333	398	584	642	673
OPM %	12%	13%	11%	12%	12%	12%	10%	10%	10%	12%	12%	11%
	6	6	35	24	27	16	12	21	27	30	52	129
Interest	35	53	53	49	59	64	55	76	126	197	247	318
Depreciation	40	59	50	56	75	74	76	91	130	171	175	174
Profit before tax	122	85	97	124	150	108	78	187	170	246	273	310
Tax %	24%	26%	26%	34%	35%	36%	37%	16%	26%	21%	21%	23%
	93	63	72	81	98	69	49	156	125	194	215	238
EPS in Rs	3.75	2.57	3.53	3.45	4.81	2.93	2.08	6.60	5.26	7.56	8.54	9.25
Dividend Payout %	13%	14%	11%	12%	9%	12%	14%	8%	12%	10%	10%	9%

Compounded Sales Growth
10 Years:	15%
5 Years:	25%
3 Years:	16%
TTM:	11%

Compounded Profit Growth
10 Years:	16%
5 Years:	35%
3 Years:	22%
TTM:	11%

Stock Price CAGR
10 Years:	36%
5 Years:	50%
3 Years:	15%
1 Year:	-13%

Return on Equity
10 Years:	15%
5 Years:	16%
3 Years:	16%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	20	20	24	24	24	24	24	24	24
Reserves	280	323	336	397	625	680	722	873	1,006	1,144	1,327	1,515
	502	536	522	573	781	627	845	1,388	1,703	2,127	2,630	3,029
	451	639	471	445	580	678	873	944	807	1,570	1,869	2,802
Total Liabilities	1,254	1,519	1,350	1,435	2,006	2,009	2,464	3,229	3,540	4,865	5,850	7,370
	692	711	583	558	834	861	930	1,213	1,540	1,729	1,720	1,620
CWIP	12	27	35	63	70	90	300	180	268	131	73	158
Investments	16	16	76	91	48	54	54	49	74	79	94	409
	534	764	656	723	1,054	1,004	1,179	1,788	1,657	2,926	3,962	5,183
Total Assets	1,254	1,519	1,350	1,435	2,006	2,009	2,464	3,229	3,540	4,865	5,850	7,370

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	66	145	119	69	152	370	216	-142	484	205	394	-60
	-200	-116	-65	-61	-190	-123	-363	-295	-646	-443	-556	-258
	138	-34	-57	-8	46	-236	140	454	159	248	224	314
Net Cash Flow	4	-4	-4	-0	9	11	-7	16	-2	10	62	-4
Free Cash Flow	-132	29	54	15	-20	249	-131	-409	-134	-19	281	-358
CFO/OP	46%	92%	84%	48%	74%	170%	117%	-37%	134%	43%	70%	5%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54	70	75	79	101	93	91	66	44	49	67	131
Inventory Days	59	103	75	75	68	80	96	66	57	76	60	46
Days Payable	73	139	111	82	97	108	154	90	59	113	115	150
Cash Conversion Cycle	40	34	39	72	73	65	33	43	43	12	12	26
Working Capital Days	-25	-33	-19	6	32	-11	-49	-7	-20	-19	1	21
ROCE %	21%	15%	15%	17%	17%	12%	9%	14%	12%	14%	14%	15%

Insights

In beta

Mar 2015

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Manufacturing Plants
Plants ・Standalone data

xx	x	xx	x	xx	x	xx		xx	xx
x,xxx			x,xxx		x,xxx	xx,xxx		xx,xxx	xx,xxx
x				xx	xxx	xxx		x,xxx	x,xxx
					x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
		xx.xx			xx.xx		xxx.xx	xx.xx	xx.xx
							x,xxx	xx,xxx	xx,xxx
							xxx	xx	xx
								xx.xx	xx.xx
									x

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Annual Electric Bus Manufacturing Capacity
Buses

Operational Electric Bus Fleet (Cumulative)
Buses

Annual Tooling Capacity (Dies)
Dies ・Standalone data

Electric Bus Fleet Operational Uptime
%

Electric Bus Order Book
Buses

Market Share - Airport Tarmac Segment
%

Market Share - Overall E-Bus Market (India)
%

EV Battery Manufacturing Capacity
GWh

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%
	1.73%	2.52%	2.82%	3.34%	3.30%	3.26%	3.28%	2.75%	2.30%	1.90%	1.92%	1.97%
	0.02%	0.03%	0.04%	0.06%	0.05%	0.06%	0.07%	0.07%	0.09%	0.08%	0.09%	0.10%
	30.72%	29.91%	29.62%	29.09%	29.12%	29.14%	29.12%	29.64%	30.07%	30.47%	30.45%	30.38%
No. of Shareholders	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	1,83,315	1,83,719

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	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%	1.97%
	0.18%	0.28%	0.06%	0.14%	0.01%	0.00%	0.05%	0.06%	0.07%	0.10%
	37.65%	37.29%	37.80%	31.63%	31.56%	31.22%	30.76%	29.09%	29.64%	30.38%
No. of Shareholders	14,897	17,917	18,321	17,601	19,092	52,928	48,201	1,11,902	1,68,469	1,83,719

* 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

Insights

Shareholding Pattern

Documents

Announcements

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