Jay Bharat Maruti Ltd

Jay Bharat Maru. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jay Bharat Maruti Ltd

₹ 89.7 -0.58%
13 Dec - close price
jbmgroup.com BSE: 520066 NSE: JAYBARMARU
About

Incorporated in 1987, Jay Bharat Maruti manufactures automobile components and assemblies[1]

Key Points

Business Overview:[1][2]
JBML was formed as a JV between Arya Family and Maruti Suzuki India Ltd. It is a key supplier of sheet metal-based body-in-white (BIW) components, rear axle assemblies and fuel necks & assemblies, to Maruti Suzuki India Limited, for its entire model range. It also does designing and developing dies and moulds, automotive machines and equipment

Website BSE NSE
  • Market Cap ₹ 971 Cr.
  • Current Price ₹ 89.7
  • High / Low ₹ 144 / 85.0
  • Stock P/E 37.4
  • Book Value ₹ 49.7
  • Dividend Yield 0.78 %
  • ROCE 9.41 %
  • ROE 5.97 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 21.4%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.51% 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

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
467.55 505.72 694.57 554.24 580.64 535.97 673.36 533.17 613.33 547.51 598.10 533.37 555.43
435.65 466.11 646.88 515.14 537.44 496.32 622.01 495.73 568.07 506.95 554.83 495.68 521.35
Operating Profit 31.90 39.61 47.69 39.10 43.20 39.65 51.35 37.44 45.26 40.56 43.27 37.69 34.08
OPM % 6.82% 7.83% 6.87% 7.05% 7.44% 7.40% 7.63% 7.02% 7.38% 7.41% 7.23% 7.07% 6.14%
0.16 0.04 0.13 0.15 0.62 0.10 0.41 0.51 0.32 0.92 1.99 0.49 0.55
Interest 8.49 8.11 8.05 8.21 9.53 9.28 9.82 9.40 10.48 10.53 9.15 9.15 9.18
Depreciation 17.97 19.48 19.65 19.61 20.28 19.86 20.31 21.08 21.46 20.92 20.87 20.97 20.94
Profit before tax 5.60 12.06 20.12 11.43 14.01 10.61 21.63 7.47 13.64 10.03 15.24 8.06 4.51
Tax % 38.04% 40.05% 31.31% 32.46% 36.40% 37.42% 34.72% 32.53% 36.29% 35.09% 26.97% 33.50% 33.92%
3.48 7.23 13.81 7.72 8.91 6.63 14.11 5.05 8.69 6.50 11.12 5.36 2.99
EPS in Rs 0.32 0.67 1.28 0.71 0.82 0.61 1.30 0.47 0.80 0.60 1.03 0.50 0.28
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 TTM
1,180 1,212 1,294 1,302 1,527 1,730 1,994 1,658 1,499 2,078 2,344 2,292 2,234
1,087 1,105 1,189 1,185 1,394 1,575 1,819 1,517 1,363 1,928 2,171 2,126 2,079
Operating Profit 94 106 105 117 133 156 175 141 136 150 173 167 156
OPM % 8% 9% 8% 9% 9% 9% 9% 9% 9% 7% 7% 7% 7%
3 -12 7 4 1 4 3 2 4 0 1 4 4
Interest 20 22 21 22 18 20 34 38 33 33 37 40 38
Depreciation 46 46 38 39 41 49 61 63 66 75 80 84 84
Profit before tax 32 27 53 60 75 90 82 42 42 42 58 46 38
Tax % 33% 40% 25% 33% 28% 35% 36% 34% 37% 35% 35% 32%
22 17 40 40 54 59 52 28 26 27 37 31 26
EPS in Rs 1.99 1.53 3.70 3.68 4.97 5.44 4.82 2.59 2.41 2.54 3.45 2.90 2.41
Dividend Payout % 15% 16% 11% 11% 10% 9% 10% 10% 10% 20% 20% 24%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 15%
TTM: -5%
Compounded Profit Growth
10 Years: 2%
5 Years: -10%
3 Years: 6%
TTM: -25%
Stock Price CAGR
10 Years: 12%
5 Years: 15%
3 Years: 6%
1 Year: -16%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 7%
Last Year: 6%

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 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 11 22 22 22 22
Reserves 148 161 196 242 294 349 393 412 439 452 485 515 516
215 212 159 134 255 298 404 445 369 380 336 440 544
203 200 257 242 267 377 398 339 414 473 456 577 595
Total Liabilities 576 584 623 629 827 1,035 1,206 1,207 1,233 1,326 1,298 1,553 1,676
353 374 399 398 452 632 832 817 860 856 881 906 911
CWIP 22 23 1 8 64 93 51 143 83 62 23 162 241
Investments 2 2 2 8 12 15 17 21 24 26 26 32 33
199 185 221 214 300 295 305 226 266 382 368 453 491
Total Assets 576 584 623 629 827 1,035 1,206 1,207 1,233 1,326 1,298 1,553 1,676

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
66 107 88 95 58 209 128 154 163 106 154 188
-78 -76 -21 -53 -160 -226 -195 -144 -50 -76 -65 -140
13 -32 -67 -42 103 17 66 -10 -113 -29 -87 -51
Net Cash Flow 1 -2 0 1 0 0 -1 1 1 1 3 -4

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 18 9 12 10 32 6 14 11 15 16 13 20
Inventory Days 33 38 45 49 35 56 40 35 49 47 40 55
Days Payable 54 49 57 52 56 50 49 47 66 60 51 68
Cash Conversion Cycle -4 -2 -0 7 11 12 5 -1 -2 3 2 7
Working Capital Days -16 -27 -20 -10 8 -16 -15 -20 -21 -9 1 -4
ROCE % 14% 16% 18% 21% 20% 18% 16% 10% 9% 9% 11% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35% 59.35%
3.49% 3.50% 3.43% 3.48% 3.42% 3.40% 3.55% 3.71% 3.63% 2.61% 0.83% 0.83%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
37.14% 37.13% 37.19% 37.15% 37.19% 37.24% 37.07% 36.92% 36.99% 38.02% 39.80% 39.80%
No. of Shareholders 25,05324,42124,16622,79321,96521,46221,17821,62223,52833,02535,82838,279

* 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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Documents

Announcements

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Credit ratings

Concalls

  • Jan 2022
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