JMT Auto Ltd

JMT Auto Ltd

₹ 1.45 -3.33%
27 Jun 2022
About

JMT Auto Ltd manufactures Auto Components like Gears and Shafts, etc. It was incorporated in 1987 as Jamshedpur Heat Treatment Company and started its operations in the heat treatment business.[1]
In 2013, Amtek Auto Ltd acquired 66.7% of the stake thus bringing it under the Amtek Group. [2]

Key Points

Product Portfolio
It manufactures over 2000 different components which range from Engine components, Gears, Shafts, Pins, Bushes, and many more for Automobile, Tractor and Farm Equipment, Oil and Natural Gas and Construction Equipment Sectors [1]

  • Market Cap 73.1 Cr.
  • Current Price 1.45
  • High / Low /
  • Stock P/E
  • Book Value -2.78
  • Dividend Yield 0.00 %
  • ROCE -24.3 %
  • ROE %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -68.5% over past five years.
  • Contingent liabilities of Rs.30.2 Cr.
  • Promoters have pledged 100% of their holding.
  • Company has high debtors of 556 days.
  • Working capital days have increased from 1,293 days to 3,537 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
66 69 40 35 32 8 31 32 34 25 17 15 5
65 66 48 37 39 12 36 36 37 26 23 10 135
Operating Profit 1 3 -8 -2 -7 -4 -5 -3 -3 -1 -6 5 -130
OPM % 2% 5% -19% -5% -22% -56% -15% -11% -8% -4% -35% 34% -2,575%
4 2 2 1 1 0 1 0 -51 0 0 0 0
Interest 4 4 5 5 5 5 5 6 5 6 5 5 3
Depreciation 6 5 5 5 6 3 3 3 3 3 3 3 2
Profit before tax -5 -5 -16 -11 -17 -12 -12 -13 -63 -10 -14 -2 -134
Tax % 1% 73% 5% -26% 13% 50% -25% -9% 9% 0% 0% 0% 0%
-5 -1 -15 -14 -15 -6 -15 -14 -57 -10 -14 -2 -134
EPS in Rs -0.10 -0.02 -0.30 -0.28 -0.30 -0.12 -0.30 -0.28 -1.14 -0.19 -0.27 -0.05 -2.66
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
362.49 306.22 285.11 429.62 333.93 313.68 346.77 359.52 175.47 105.22 62.14 1.07
304.85 263.54 245.88 375.49 281.91 260.30 297.31 322.75 188.01 120.31 193.29 9.02
Operating Profit 57.64 42.68 39.23 54.13 52.02 53.38 49.46 36.77 -12.54 -15.09 -131.15 -7.95
OPM % 15.90% 13.94% 13.76% 12.60% 15.58% 17.02% 14.26% 10.23% -7.15% -14.34% -211.06% -742.99%
6.59 13.69 6.97 2.31 3.40 3.54 0.52 5.02 5.58 -50.41 0.87 0.40
Interest 21.14 19.42 21.86 19.58 19.97 21.83 19.67 17.02 20.26 21.51 18.73 0.03
Depreciation 19.56 21.63 18.29 25.05 27.61 29.33 28.58 25.87 21.38 13.61 11.13 0.19
Profit before tax 23.53 15.32 6.05 11.81 7.84 5.76 1.73 -1.10 -48.60 -100.62 -160.14 -7.77
Tax % 31.66% 21.54% -16.69% 19.73% 34.82% 27.08% 53.76% -124.55% 6.93% 6.12% 0.00% 0.00%
16.08 12.02 7.06 9.48 5.10 4.21 0.79 -2.47 -45.22 -94.46 -160.14 -7.77
EPS in Rs 0.32 0.24 0.14 0.19 0.10 0.08 0.02 -0.05 -0.90 -1.87 -3.18 -0.15
Dividend Payout % 8.96% 5.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -43%
5 Years: -69%
3 Years: -82%
TTM: -98%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 95%
Stock Price CAGR
10 Years: -13%
5 Years: -10%
3 Years: -14%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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
Equity Capital 14.40 14.40 14.40 50.38 50.38 50.38 50.38 50.38 50.38 50.38 50.38 50.38
Reserves 116.75 128.02 135.19 110.52 115.53 119.24 120.03 116.93 71.58 -22.59 -182.73 -190.49
168.75 158.38 171.79 163.77 169.05 167.26 156.29 134.47 125.23 149.34 168.38 167.79
88.81 70.19 208.08 88.18 68.18 65.93 59.91 50.54 51.99 68.71 111.07 119.22
Total Liabilities 388.71 370.99 529.46 412.85 403.14 402.81 386.61 352.32 299.18 245.84 147.10 146.90
209.49 213.17 210.82 196.22 174.84 154.27 130.26 120.29 112.49 98.45 77.78 77.59
CWIP 7.28 1.63 0.08 1.09 0.18 0.83 2.93 1.29 0.11 0.15 0.00 0.00
Investments 0.01 0.06 0.06 0.06 7.06 7.06 7.06 7.06 6.63 6.63 0.00 0.00
171.93 156.13 318.50 215.48 221.06 240.65 246.36 223.68 179.95 140.61 69.32 69.31
Total Assets 388.71 370.99 529.46 412.85 403.14 402.81 386.61 352.32 299.18 245.84 147.10 146.90

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
55.18 47.02 37.68 13.80 52.40 28.89 37.88 40.09 42.15 3.19 32.00 -6.21
-51.55 -20.31 -11.73 -9.19 -11.41 -9.01 -6.26 -5.78 -11.45 1.65 -0.07 0.01
-2.37 -30.19 -7.40 -23.83 -41.71 -19.71 -30.89 -33.68 -31.11 -5.90 -31.67 6.43
Net Cash Flow 1.26 -3.48 18.55 -19.22 -0.71 0.16 0.73 0.63 -0.41 -1.06 0.26 0.23

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 43.39 44.09 87.89 38.49 56.63 64.25 55.41 34.94 68.48 46.55 9.57 556.03
Inventory Days 236.96 267.61 297.94 178.87 306.93 364.63 349.07 346.56 568.89 922.23 441.00 178,709.62
Days Payable 139.39 108.66 243.20 98.22 116.74 128.29 108.33 67.16 117.67 265.09 168.05 69,462.31
Cash Conversion Cycle 140.95 203.03 142.63 119.14 246.82 300.59 296.15 314.34 519.70 703.69 282.53 109,803.34
Working Capital Days 73.24 83.97 -9.88 99.71 134.12 165.93 177.82 160.23 220.83 234.64 106.79 3,537.43
ROCE % 15.77% 11.57% 8.97% 9.71% 8.43% 8.21% 6.45% 4.01% -10.17% -24.30%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77% 66.77%
7.20% 7.18% 6.35% 3.84% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.02% 26.04% 26.88% 29.39% 31.77% 31.77% 31.77% 31.77% 31.77% 31.77% 31.78% 31.77%
No. of Shareholders 35,50838,23440,49649,59354,73853,97359,44260,14359,86059,85459,84560,188

* 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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