JBM Auto Ltd

JBM Auto Ltd

₹ 1,420 1.58%
22 Nov 4:00 p.m.
About

Incorporated in 1983, JBM Auto Ltd is in automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including sale of spare parts, accessories and maintenance contract for Buses[1]

Key Points

Market Position
The company is a market leader in e-buses, with a 30%-35% market share. [1] It has set up the world’s largest dedicated integrated EV ecosystem and electric bus manufacturing facility (excluding China) with integrated electronics manufacturing facilities. [2]

  • Market Cap 16,793 Cr.
  • Current Price 1,420
  • High / Low 2,428 / 1,230
  • Stock P/E 89.6
  • Book Value 104
  • Dividend Yield 0.11 %
  • ROCE 14.4 %
  • ROE 15.9 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 13.6 times its book value

* 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

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
753 821 1,072 865 1,029 953 1,010 946 1,231 1,346 1,486 1,144 1,286
674 737 957 782 929 847 903 833 1,091 1,190 1,314 1,014 1,128
Operating Profit 78 85 115 83 100 106 107 114 140 157 172 130 158
OPM % 10% 10% 11% 10% 10% 11% 11% 12% 11% 12% 12% 11% 12%
5 9 5 4 11 12 3 4 10 6 12 9 10
Interest 19 19 21 23 29 38 35 39 48 54 55 52 60
Depreciation 22 24 26 29 31 32 38 40 41 43 48 43 43
Profit before tax 42 51 74 35 50 48 37 38 60 66 82 45 65
Tax % 40% 35% -16% 26% 28% 27% 23% 21% 19% 21% 23% 26% 19%
25 33 86 26 36 35 28 30 49 52 62 34 53
EPS in Rs 2.14 2.80 7.24 2.18 3.06 2.90 2.37 2.55 3.74 4.12 4.71 2.82 4.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,171 1,364 1,557 1,518 1,501 1,633 2,207 1,947 1,982 3,193 3,857 5,009 5,263
1,038 1,209 1,366 1,328 1,336 1,429 1,949 1,717 1,784 2,860 3,459 4,425 4,645
Operating Profit 133 155 191 190 165 204 258 230 198 333 398 584 617
OPM % 11% 11% 12% 13% 11% 12% 12% 12% 10% 10% 10% 12% 12%
4 6 6 6 35 24 27 16 12 21 27 30 38
Interest 43 36 35 53 53 49 59 64 55 76 126 197 221
Depreciation 33 40 40 59 50 56 75 74 76 91 130 171 176
Profit before tax 60 84 122 85 97 124 150 108 78 187 170 246 257
Tax % 37% 32% 24% 26% 26% 34% 35% 36% 37% 16% 26% 21%
38 57 93 63 72 81 98 69 49 156 125 194 201
EPS in Rs 3.20 4.92 7.49 5.14 7.05 6.91 9.62 5.86 4.17 13.21 10.52 15.12 15.84
Dividend Payout % 10% 6% 13% 14% 11% 12% 9% 12% 14% 8% 12% 10%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 36%
TTM: 27%
Compounded Profit Growth
10 Years: 13%
5 Years: 12%
3 Years: 52%
TTM: 37%
Stock Price CAGR
10 Years: 33%
5 Years: 73%
3 Years: 56%
1 Year: 12%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 16%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10 10 20 20 20 20 20 24 24 24 24 24 24
Reserves 159 227 280 323 336 397 625 680 722 873 1,006 1,144 1,209
380 323 502 536 522 573 781 627 845 1,388 1,703 2,127 2,636
330 496 451 639 471 445 580 678 873 944 807 1,570 1,320
Total Liabilities 879 1,055 1,254 1,519 1,350 1,435 2,006 2,009 2,464 3,229 3,540 4,865 5,189
411 470 692 711 583 558 834 861 930 1,213 1,540 1,729 1,782
CWIP 40 79 12 27 35 63 70 90 300 180 268 131 75
Investments 13 13 16 16 76 91 48 54 54 49 74 79 77
415 494 534 764 656 723 1,054 1,004 1,179 1,788 1,657 2,926 3,255
Total Assets 879 1,055 1,254 1,519 1,350 1,435 2,006 2,009 2,464 3,229 3,540 4,865 5,189

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
117 203 66 145 119 69 152 370 216 -142 484 205
-96 -131 -200 -116 -65 -61 -190 -123 -363 -295 -646 -443
-23 -70 138 -34 -57 -8 46 -236 140 454 159 248
Net Cash Flow -2 2 4 -4 -4 -0 9 11 -7 16 -2 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 64 64 54 70 75 79 101 93 91 66 44 49
Inventory Days 57 59 59 103 75 75 68 80 96 66 57 76
Days Payable 69 83 73 139 111 82 97 108 154 90 59 113
Cash Conversion Cycle 51 40 40 34 39 72 73 65 33 43 43 12
Working Capital Days 22 5 35 40 47 67 91 54 64 95 79 85
ROCE % 18% 20% 21% 15% 15% 17% 17% 12% 9% 14% 12% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.54% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53% 67.53%
1.20% 1.25% 1.31% 1.24% 1.37% 1.66% 1.73% 2.52% 2.82% 3.34% 3.30% 3.26%
0.01% 0.00% 0.00% 0.00% 0.02% 0.05% 0.02% 0.03% 0.04% 0.06% 0.05% 0.06%
31.26% 31.22% 31.16% 31.23% 31.08% 30.76% 30.72% 29.91% 29.62% 29.09% 29.12% 29.14%
No. of Shareholders 33,87152,92853,46256,41351,76048,20154,66790,38989,4781,11,9021,29,2441,30,765

* 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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