JTEKT India Ltd

JTEKT India Ltd

₹ 193 10.37%
14 Jun - 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 4,917 Cr.
  • Current Price 193
  • High / Low 195 / 126
  • Stock P/E 62.6
  • Book Value 30.0
  • Dividend Yield 0.26 %
  • ROCE 15.9 %
  • ROE 12.4 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.3%
  • Promoter holding has increased by 1.00% over last quarter.

Cons

  • Stock is trading at 6.44 times its book value
  • The company has delivered a poor sales growth of 6.11% over past five years.
  • Company has a low return on equity of 7.19% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
355 432 470 321 385 413 470 472 571 471 530 478 584
321 388 414 303 355 376 428 432 513 433 480 443 524
Operating Profit 34 44 56 18 30 37 42 40 58 38 50 34 60
OPM % 9% 10% 12% 6% 8% 9% 9% 8% 10% 8% 10% 7% 10%
1 1 1 1 3 2 -3 -1 2 2 2 11 2
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 22 21 20 19 18 17 17 17 18 19 19 19 20
Profit before tax 12 23 36 -1 14 21 21 21 41 20 32 25 42
Tax % 27% 28% 26% 6% 26% 26% 27% 26% 27% 23% 18% 25% 27%
9 17 27 -1 11 16 15 16 30 15 26 19 30
EPS in Rs 0.33 0.65 1.04 -0.05 0.39 0.59 0.58 0.58 1.14 0.59 1.03 0.70 1.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,421 1,460 1,492 1,553 1,518 1,211 1,519 1,754 1,511 1,333 1,589 2,044 2,063
1,246 1,295 1,313 1,337 1,324 1,063 1,306 1,532 1,374 1,230 1,461 1,857 1,879
Operating Profit 175 165 179 216 194 148 213 222 137 103 127 187 183
OPM % 12% 11% 12% 14% 13% 12% 14% 13% 9% 8% 8% 9% 9%
3 9 39 5 16 12 9 12 9 5 3 5 17
Interest 46 41 39 31 32 25 21 16 10 5 4 5 5
Depreciation 46 58 68 104 99 79 96 96 93 83 71 73 77
Profit before tax 86 74 111 86 79 56 104 122 43 21 56 114 118
Tax % 30% 35% 22% 31% 32% 28% 34% 36% 18% 33% 27% 24%
60 48 86 58 54 40 68 78 35 14 41 87 90
EPS in Rs 2.45 1.92 3.41 1.91 1.86 1.86 3.21 2.98 1.24 0.48 1.51 3.33 3.43
Dividend Payout % 27% 34% 23% 34% 27% 27% 16% 27% 28% 31% 26% 15%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 11%
TTM: 7%
Compounded Profit Growth
10 Years: 8%
5 Years: 6%
3 Years: 40%
TTM: 4%
Stock Price CAGR
10 Years: 18%
5 Years: 14%
3 Years: 21%
1 Year: 37%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 7%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 219 242 289 304 327 363 525 568 571 574 607 678 710
358 410 341 292 307 249 232 188 78 49 71 62 69
357 376 389 398 397 248 274 302 217 286 297 315 374
Total Liabilities 953 1,048 1,039 1,013 1,052 880 1,051 1,083 890 933 1,000 1,080 1,177
546 609 602 584 600 477 549 533 487 425 399 481 499
CWIP 46 32 75 63 40 23 25 10 3 10 97 25 42
Investments 30 30 1 1 1 103 0 0 0 0 0 0 0
331 377 361 365 411 278 476 541 401 498 505 574 636
Total Assets 953 1,048 1,039 1,013 1,052 880 1,051 1,083 890 933 1,000 1,080 1,177

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
181 99 163 199 131 162 178 184 125 91 108 95
-139 -96 -42 -81 -79 -64 -118 16 -34 -40 -126 -84
-42 -13 -122 -102 -35 -100 -55 -85 -153 -44 14 -28
Net Cash Flow -0 -10 -0 15 18 -2 5 115 -61 7 -4 -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 45 57 51 44 52 47 62 56 47 70 56 50
Inventory Days 22 29 33 35 36 39 39 36 41 52 48 49
Days Payable 74 69 69 68 71 77 68 66 52 81 65 56
Cash Conversion Cycle -7 17 15 12 17 8 33 26 37 41 38 43
Working Capital Days -7 1 -3 1 8 -1 22 20 30 42 34 40
ROCE % 21% 17% 16% 16% 14% 12% 17% 17% 7% 4% 9% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 0.48%
3.19% 3.50% 3.55% 3.24% 4.52% 4.48% 4.45% 4.55% 7.68% 8.50% 9.24% 8.92%
17.12% 16.97% 16.87% 17.17% 16.92% 17.55% 17.62% 17.63% 18.04% 17.12% 16.27% 15.62%
No. of Shareholders 49,80648,89448,11448,24346,68644,19143,76743,80141,94441,98341,80846,840

* 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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