JTEKT India Ltd
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]
- Market Cap ₹ 2,471 Cr.
- Current Price ₹ 101
- High / Low ₹ 201 / 66.0
- Stock P/E 32.7
- Book Value ₹ 27.2
- Dividend Yield 0.40 %
- ROCE 9.84 %
- ROE 6.61 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.7%
Cons
- Stock is trading at 3.72 times its book value
- The company has delivered a poor sales growth of 5.57% over past five years.
- Company has a low return on equity of 4.57% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,207 | 1,421 | 1,460 | 1,492 | 1,553 | 1,518 | 1,211 | 1,519 | 1,754 | 1,511 | 1,333 | 1,589 | 1,984 | |
1,061 | 1,246 | 1,295 | 1,313 | 1,337 | 1,324 | 1,063 | 1,306 | 1,532 | 1,374 | 1,230 | 1,461 | 1,805 | |
Operating Profit | 146 | 175 | 165 | 179 | 216 | 194 | 148 | 213 | 222 | 137 | 103 | 127 | 178 |
OPM % | 12% | 12% | 11% | 12% | 14% | 13% | 12% | 14% | 13% | 9% | 8% | 8% | 9% |
9 | 3 | 9 | 39 | 5 | 16 | 12 | 9 | 12 | 9 | 5 | 3 | 0 | |
Interest | 44 | 46 | 41 | 39 | 31 | 32 | 25 | 21 | 16 | 10 | 5 | 4 | 5 |
Depreciation | 38 | 46 | 58 | 68 | 104 | 99 | 79 | 96 | 96 | 93 | 83 | 71 | 71 |
Profit before tax | 74 | 86 | 74 | 111 | 86 | 79 | 56 | 104 | 122 | 43 | 21 | 56 | 104 |
Tax % | 33% | 30% | 35% | 22% | 31% | 32% | 28% | 34% | 36% | 18% | 33% | 27% | |
Net Profit | 49 | 60 | 48 | 86 | 58 | 54 | 40 | 68 | 78 | 35 | 14 | 41 | 76 |
EPS in Rs | 2.25 | 2.45 | 1.92 | 3.41 | 1.91 | 1.86 | 1.86 | 3.21 | 2.98 | 1.24 | 0.48 | 1.51 | 2.89 |
Dividend Payout % | 29% | 27% | 34% | 23% | 34% | 27% | 27% | 16% | 27% | 28% | 31% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 6% |
3 Years: | -3% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | 1% |
3 Years: | -18% |
TTM: | 55% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 0% |
3 Years: | 38% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 5% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 24 | 24 | 24 | 24 | 24 | |
Reserves | 186 | 219 | 242 | 289 | 304 | 327 | 363 | 525 | 568 | 571 | 574 | 607 | 639 |
344 | 358 | 410 | 341 | 292 | 307 | 249 | 232 | 188 | 78 | 49 | 71 | 61 | |
315 | 357 | 376 | 389 | 398 | 397 | 248 | 274 | 302 | 217 | 286 | 297 | 345 | |
Total Liabilities | 865 | 953 | 1,048 | 1,039 | 1,013 | 1,052 | 880 | 1,051 | 1,083 | 890 | 933 | 1,000 | 1,070 |
470 | 546 | 609 | 602 | 584 | 600 | 477 | 549 | 533 | 487 | 425 | 399 | 475 | |
CWIP | 24 | 46 | 32 | 75 | 63 | 40 | 23 | 25 | 10 | 3 | 10 | 97 | 21 |
Investments | 30 | 30 | 30 | 1 | 1 | 1 | 103 | 0 | 0 | 0 | 0 | 0 | 0 |
342 | 331 | 377 | 361 | 365 | 411 | 278 | 476 | 541 | 401 | 498 | 505 | 574 | |
Total Assets | 865 | 953 | 1,048 | 1,039 | 1,013 | 1,052 | 880 | 1,051 | 1,083 | 890 | 933 | 1,000 | 1,070 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 181 | 99 | 163 | 199 | 131 | 162 | 178 | 184 | 125 | 91 | 108 | |
-54 | -139 | -96 | -42 | -81 | -79 | -64 | -118 | 16 | -34 | -40 | -126 | |
-21 | -42 | -13 | -122 | -102 | -35 | -100 | -55 | -85 | -153 | -44 | 14 | |
Net Cash Flow | 6 | -0 | -10 | -0 | 15 | 18 | -2 | 5 | 115 | -61 | 7 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 45 | 57 | 51 | 44 | 52 | 47 | 62 | 56 | 47 | 70 | 56 |
Inventory Days | 32 | 22 | 29 | 33 | 35 | 36 | 39 | 39 | 36 | 41 | 52 | 48 |
Days Payable | 83 | 74 | 69 | 69 | 68 | 71 | 77 | 68 | 66 | 52 | 81 | 65 |
Cash Conversion Cycle | -2 | -7 | 17 | 15 | 12 | 17 | 8 | 33 | 26 | 37 | 41 | 38 |
Working Capital Days | 4 | -7 | 1 | -3 | 1 | 8 | -1 | 22 | 20 | 30 | 42 | 34 |
ROCE % | 21% | 23% | 18% | 17% | 18% | 16% | 13% | 18% | 18% | 7% | 4% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
1d - Mr. Ashish Srivastava (Membership No. A20141) has tendered his resignation dated 28th March, 2023 from the post of Company Secretary & Compliance Officer of the …
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Resignation of Director
16 Mar - Mr. Satoshi Komeda, Director (Operations) of the Company has tendered his resignation, vide letter dated 16th March, 2023, from the position of Director (Operations) as …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Feb - In continuation to our letter 9th February, 2023 and pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, we are sending herewith the copies …
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
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]