JTEKT India Ltd

JTEKT India Ltd

₹ 148 -1.56%
26 Feb - close price
About

JTEKT India Ltd is primarily engaged in the business of manufacturing steering systems & other auto components for the passenger car and utility vehicle manufacturers in the automobile sector.[1]

Key Points

Product Portfolio
The product portfolio of the Company includes High-performance Rack and Pinion Manual Steering Gear, Hydraulic Power Steering System, Tilt & telescopic steering column, intermediate shaft, Electric Power Assist Module (EPAM), Rear Axle Assembly, and other products. [1]

  • Market Cap 3,626 Cr.
  • Current Price 148
  • High / Low 182 / 95.2
  • Stock P/E 41.4
  • Book Value 29.0
  • Dividend Yield 0.34 %
  • ROCE 15.5 %
  • ROE 12.7 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.9%
  • Promoter holding has increased by 1.00% over last quarter.

Cons

  • Stock is trading at 5.12 times its book value
  • The company has delivered a poor sales growth of 6.33% over past five years.
  • Company has a low return on equity of 7.24% 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.

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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
437 477 325 391 418 477 479 580 471 537 485 584 552
397 426 309 365 386 440 444 529 433 491 457 524 501
Operating Profit 40 51 16 26 32 37 35 50 38 46 29 60 51
OPM % 9% 11% 5% 7% 8% 8% 7% 9% 8% 9% 6% 10% 9%
4 1 0 4 2 -3 -1 7 2 2 11 2 1
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 19 19 17 17 16 15 16 16 19 18 18 20 20
Profit before tax 23 32 -2 12 18 18 17 39 20 29 21 42 31
Tax % 25% 26% 19% 25% 26% 27% 26% 24% 23% 17% 25% 27% 24%
17 24 -2 9 13 13 13 30 15 24 15 30 24
EPS in Rs 0.70 0.98 -0.06 0.36 0.53 0.52 0.52 1.22 0.63 0.98 0.63 1.23 0.97
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
1,141 1,119 1,043 1,079 1,077 1,165 1,525 1,773 1,531 1,350 1,610 2,073 2,158
1,021 1,001 944 956 961 1,034 1,330 1,572 1,413 1,258 1,499 1,907 1,972
Operating Profit 120 118 99 123 116 130 195 201 118 92 111 166 186
OPM % 10% 11% 10% 11% 11% 11% 13% 11% 8% 7% 7% 8% 9%
4 6 40 4 16 4 7 13 11 8 4 9 16
Interest 34 34 32 25 28 24 21 16 10 5 4 5 5
Depreciation 33 43 49 78 72 75 92 91 87 78 66 68 75
Profit before tax 56 47 58 24 32 36 89 107 33 18 45 103 122
Tax % 31% 35% 11% 24% 22% 30% 35% 36% 16% 30% 27% 22%
39 31 52 18 25 25 58 69 28 12 33 80 93
EPS in Rs 1.95 1.54 2.60 0.90 1.26 1.26 2.89 2.80 1.13 0.50 1.36 3.26 3.81
Dividend Payout % 33% 42% 31% 72% 40% 40% 17% 29% 31% 30% 30% 15%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 11%
TTM: 8%
Compounded Profit Growth
10 Years: 10%
5 Years: 7%
3 Years: 44%
TTM: 15%
Stock Price CAGR
10 Years: 24%
5 Years: 10%
3 Years: 19%
1 Year: 43%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
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 20 20 20 20 20 20 20 24 24 24 24 24 24
Reserves 208 223 247 242 255 279 509 549 549 553 582 652 684
235 308 276 257 279 245 232 188 78 49 71 62 69
251 237 238 218 219 221 252 272 185 261 269 284 346
Total Liabilities 714 787 780 737 773 765 1,013 1,034 837 887 947 1,022 1,123
373 421 421 406 438 443 516 495 450 391 367 447 465
CWIP 41 31 67 62 38 21 23 9 2 6 93 24 41
Investments 68 69 35 35 35 34 5 5 5 5 5 5 5
232 266 256 233 262 266 469 525 381 485 481 546 612
Total Assets 714 787 780 737 773 765 1,013 1,034 837 887 947 1,022 1,123

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
134 57 96 129 89 150 164 170 108 83 96 83
-112 -77 -15 -63 -65 -61 -113 22 -25 -22 -114 -84
-22 20 -81 -66 -23 -91 -50 -83 -149 -42 15 -24
Net Cash Flow -0 -0 0 -0 2 -2 1 108 -67 19 -3 -25

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 40 51 49 39 47 47 63 56 47 70 56 50
Inventory Days 17 25 36 36 37 37 35 32 37 47 43 44
Days Payable 74 68 77 73 79 77 66 64 49 78 63 54
Cash Conversion Cycle -17 8 7 3 5 7 31 24 34 39 36 40
Working Capital Days -15 1 -5 -11 -6 -2 21 19 29 40 32 38
ROCE % 21% 16% 10% 9% 9% 11% 17% 16% 6% 3% 8% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
75.00% 75.00% 75.00% 75.00% 73.98% 73.97% 73.97% 73.97% 73.97% 73.97% 73.97% 74.98%
4.69% 4.53% 4.58% 4.59% 4.58% 3.99% 3.95% 3.84% 0.32% 0.41% 0.52% 0.46%
3.19% 3.50% 3.55% 3.24% 4.52% 4.48% 4.45% 4.55% 7.68% 8.50% 9.24% 8.74%
17.12% 16.97% 16.87% 17.17% 16.92% 17.55% 17.62% 17.63% 18.04% 17.12% 16.27% 15.83%
No. of Shareholders 49,80648,89448,11448,24346,68644,19143,76743,80141,94441,98341,80841,603

* 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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