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 0.56
  • Dividend Yield 0.00 %
  • ROCE -14.4 %
  • ROE -65.3 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 33.6 to 16.1 days.
  • Company's working capital requirements have reduced from 57.9 days to 36.8 days

Cons

  • Stock is trading at 2.59 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.96% over past five years.
  • Company has a low return on equity of -40.6% over last 3 years.
  • Promoters have pledged 100% of their holding.

* 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

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
141 191 154 122 122 88 72 69 28 63 68 74
130 172 142 117 113 96 78 89 34 67 72 73
Operating Profit 11 19 12 5 8 -8 -7 -20 -6 -4 -4 1
OPM % 8% 10% 8% 4% 7% -10% -9% -28% -23% -6% -6% 2%
3 -2 1 3 3 4 2 19 2 2 1 -51
Interest 15 4 4 5 6 6 6 6 6 5 7 6
Depreciation 8 7 14 10 10 10 9 15 9 8 7 11
Profit before tax -9 6 -5 -6 -5 -21 -20 -22 -18 -14 -16 -67
Tax % -6% 69% 31% 9% 81% 6% -13% 26% 37% -18% -13% 14%
-9 2 -4 -6 -1 -19 -22 -16 -12 -17 -18 -58
EPS in Rs -0.18 0.03 -0.07 -0.11 -0.02 -0.38 -0.44 -0.32 -0.23 -0.34 -0.36 -1.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
334 314 347 578 351 233
282 260 297 534 376 246
Operating Profit 52 53 49 44 -25 -13
OPM % 16% 17% 14% 8% -7% -6%
-44 4 104 6 27 -45
Interest 20 22 20 30 24 24
Depreciation 28 29 29 39 43 34
Profit before tax -39 6 105 -19 -66 -116
Tax % -7% 27% 1% 6% 12% 10%
-42 4 104 -18 -58 -104
EPS in Rs -0.83 0.09 2.07 -0.35 -1.16 -2.07
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -12%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 10%
Stock Price CAGR
10 Years: -15%
5 Years: -9%
3 Years: -17%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -41%
Last Year: -65%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 50 50 50 50 50 50
Reserves 238 -128 -56 130 82 -22
1,079 167 156 175 192 187
937 1,188 400 144 112 80
Total Liabilities 2,304 1,278 550 499 436 295
1,488 154 130 209 216 185
CWIP 0 1 3 1 0 0
Investments 7 7 7 7 7 7
809 1,115 410 281 212 103
Total Assets 2,304 1,278 550 499 436 295

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
294 -580 38 71 73 11
-1,085 1,301 -6 -69 -49 1
859 -788 -31 1 -24 -16
Net Cash Flow 68 -67 1 3 0 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 358 64 55 38 47 16
Inventory Days 846 365 349 258 320 582
Days Payable 1,247 128 108 93 118 300
Cash Conversion Cycle -43 301 296 202 249 298
Working Capital Days -248 -122 -8 74 63 37
ROCE % 4% 104% 3% -12%

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.

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