JTEKT India Ltd

JTEKT India Ltd

₹ 101 4.99%
29 Mar - 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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
364 365 76 355 432 470 321 385 413 470 472 571 471
333 332 107 321 388 414 303 355 376 428 432 513 433
Operating Profit 30 34 -31 34 44 56 18 30 37 42 40 58 38
OPM % 8% 9% -41% 9% 10% 12% 6% 8% 9% 9% 8% 10% 8%
3 2 2 1 1 1 1 3 2 -3 -1 2 2
Interest 2 2 1 1 1 1 1 1 1 1 1 1 1
Depreciation 24 22 21 22 21 20 19 18 17 17 17 18 19
Profit before tax 7 12 -51 12 23 36 -1 14 21 21 21 41 20
Tax % 6% 9% 24% 27% 28% 26% 6% 26% 26% 27% 26% 27% 23%
Net Profit 6 11 -39 9 17 27 -1 11 16 15 16 30 15
EPS in Rs 0.22 0.37 -1.53 0.33 0.65 1.04 -0.05 0.39 0.59 0.58 0.58 1.14 0.59
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 73.98 73.97 73.97
1.96 1.89 2.36 2.40 4.07 4.69 4.53 4.58 4.59 4.58 3.99 3.95
4.18 4.17 4.52 4.33 3.89 3.19 3.50 3.55 3.24 4.52 4.48 4.45
18.86 18.94 18.12 18.27 17.04 17.12 16.97 16.87 17.17 16.92 17.55 17.62

* 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.

Documents

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