Jay Ushin Ltd

Jay Ushin Ltd

₹ 737 2.78%
04 Jul 3:40 p.m.
About

Incorporated in 1986, Jay Ushin Ltd manufactures, purchases and sells automobiles components[1]

Key Points

Business Overview:[1]
JUL is a joint venture between JPM group and Ushin Limited (Japan) to carry business of auto components manufacturing. Ushin Limited provides technical assistance to the JV while JUL pays royalty and fees for technical know-how. Company is a Tier-1 supplier to major 4-wheeler and 2-wheeler OEMs

  • Market Cap 284 Cr.
  • Current Price 737
  • High / Low 899 / 642
  • Stock P/E 19.9
  • Book Value 283
  • Dividend Yield 0.40 %
  • ROCE 13.0 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.54 times its book value
  • The company has delivered a poor sales growth of -3.21% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 14.0% over last 3 years.
  • Earnings include an other income of Rs.15.2 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
201.11 133.45 176.48 159.88 186.39 187.41 203.12 170.33 173.61 162.29 201.16 176.99 185.81
185.25 126.96 168.14 151.94 178.20 178.54 194.42 162.45 166.83 156.58 192.99 169.44 181.65
Operating Profit 15.86 6.49 8.34 7.94 8.19 8.87 8.70 7.88 6.78 5.71 8.17 7.55 4.16
OPM % 7.89% 4.86% 4.73% 4.97% 4.39% 4.73% 4.28% 4.63% 3.91% 3.52% 4.06% 4.27% 2.24%
5.32 2.60 3.14 4.17 4.67 3.32 4.07 2.89 4.40 3.68 3.61 3.16 4.78
Interest 3.38 3.00 2.89 4.20 4.11 3.23 3.45 3.14 4.06 3.37 3.61 3.45 3.55
Depreciation 5.21 3.76 3.43 3.56 4.40 4.01 4.06 3.78 3.02 2.30 2.72 2.59 2.93
Profit before tax 12.59 2.33 5.16 4.35 4.35 4.95 5.26 3.85 4.10 3.72 5.45 4.67 2.46
Tax % 40.51% 35.62% 38.18% 22.99% 10.34% 23.84% 28.14% 25.97% 29.51% 26.88% 21.65% 17.56% -41.06%
7.49 1.50 3.19 3.35 3.89 3.77 3.79 2.85 2.89 2.71 4.27 3.85 3.47
EPS in Rs 19.38 3.88 8.25 8.67 10.07 9.76 9.81 7.37 7.48 7.01 11.05 9.96 8.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
516 578 647 688 788 860 855 663 577 657 734 726
504 560 630 673 773 840 820 635 556 625 702 701
Operating Profit 12 18 17 15 15 20 35 28 20 31 32 26
OPM % 2% 3% 3% 2% 2% 2% 4% 4% 4% 5% 4% 4%
11 9 8 19 16 14 10 10 13 15 15 15
Interest 7 8 7 10 10 11 16 17 13 15 14 14
Depreciation 10 12 13 15 15 16 16 19 19 15 15 11
Profit before tax 5 8 5 8 6 8 13 2 1 16 18 16
Tax % 4% 17% 29% 26% 32% -31% 9% -53% 829% 26% 27% 12%
5 7 4 6 4 11 12 3 -4 12 13 14
EPS in Rs 12.06 17.16 9.47 15.99 10.51 27.64 29.86 6.83 -10.35 30.90 34.42 36.98
Dividend Payout % 17% 15% 21% 16% 19% 11% 10% 0% 0% 10% 9% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -3%
3 Years: 8%
TTM: -1%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 98%
TTM: 13%
Stock Price CAGR
10 Years: 18%
5 Years: 26%
3 Years: 13%
1 Year: 8%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 33 39 41 46 51 61 71 72 69 82 93 105
82 72 62 86 121 154 157 127 135 123 112 148
129 152 170 189 169 165 143 181 143 134 151 106
Total Liabilities 249 266 277 326 345 384 375 384 350 343 359 363
91 116 142 156 150 152 168 180 171 173 175 153
CWIP 20 15 13 2 6 1 3 10 8 3 0 2
Investments 0 0 0 0 1 1 0 0 0 0 0 27
137 136 122 167 188 230 204 195 170 167 184 181
Total Assets 249 266 277 326 345 384 375 384 350 343 359 363

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
35 40 42 -12 -30 -27 43 66 14 28 22 -16
-17 -20 -26 -0 2 4 -24 -29 3 2 3 -5
-17 -23 -18 16 24 23 -18 -40 -16 -30 -26 21
Net Cash Flow 1 -3 -1 4 -4 -0 1 -2 0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 32 30 44 49 54 28 29 38 30 32 28
Inventory Days 47 37 32 38 33 36 47 64 55 56 56 49
Days Payable 84 87 87 91 68 62 53 76 61 59 63 41
Cash Conversion Cycle -10 -18 -24 -9 13 28 22 17 32 26 26 36
Working Capital Days -16 -26 -34 -21 -1 13 12 -1 18 19 17 38
ROCE % 10% 15% 14% 11% 10% 9% 12% 8% 7% 14% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.35% 56.35% 56.35% 56.35% 56.35% 60.73% 61.10% 61.10% 61.88% 62.86% 62.86% 62.86%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
43.63% 43.63% 43.63% 43.63% 43.63% 39.24% 38.88% 38.88% 38.08% 37.10% 37.10% 37.11%
No. of Shareholders 1,9781,9501,9991,9871,8611,8862,0612,0332,0162,0252,0521,986

* 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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