JTEKT India Ltd

JTEKT India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JTEKT India Ltd

₹ 158 0.86%
22 Nov - close price
jtekt.co.in BSE: 520057 NSE: JTEKTINDIA
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
1) Steering & Columns (~96%): The co. manufactures high-performance rack and pinion manual steering gear, hydraulic power steering System, recirculating ball screw assembly, column type electric power steering for passenger vehicle, tilt & telescopic steering column, intermediate shaft, advanced columns, etc. [1] [2]

Website BSE NSE
  • Market Cap ₹ 4,025 Cr.
  • Current Price ₹ 158
  • High / Low ₹ 226 / 132
  • Stock P/E 43.8
  • Book Value ₹ 33.1
  • Dividend Yield 0.38 %
  • ROCE 16.6 %
  • ROE 12.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 19.3%

Cons

  • Stock is trading at 4.79 times its book value
  • Company has a low return on equity of 11.1% 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 Nifty Microcap 250 BSE Allcap BSE Consumer Discretionary Nifty Total Market 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
391 418 477 479 580 471 530 478 584 552 632 553 605
365 386 440 444 529 433 480 443 524 501 562 516 558
Operating Profit 26 32 37 35 50 38 50 34 60 51 70 37 47
OPM % 7% 8% 8% 7% 9% 8% 10% 7% 10% 9% 11% 7% 8%
4 2 -3 -1 7 2 2 11 2 1 4 5 2
Interest 1 1 1 1 1 1 1 1 1 1 2 2 2
Depreciation 17 16 15 16 16 19 19 19 20 20 23 20 21
Profit before tax 12 18 18 17 39 20 32 25 42 31 49 20 26
Tax % 25% 26% 27% 26% 24% 23% 18% 25% 27% 24% 30% 26% 26%
9 13 13 13 30 15 26 19 30 24 34 15 19
EPS in Rs 0.36 0.53 0.52 0.52 1.22 0.63 1.07 0.76 1.23 0.97 1.35 0.59 0.77
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
1,119 1,043 1,079 1,077 1,165 1,525 1,773 1,531 1,350 1,610 2,044 2,245 2,342
1,001 944 956 961 1,034 1,330 1,572 1,413 1,258 1,499 1,857 2,030 2,137
Operating Profit 118 99 123 116 130 195 201 118 92 111 187 215 205
OPM % 11% 10% 11% 11% 11% 13% 11% 8% 7% 7% 9% 10% 9%
6 40 4 16 4 7 13 11 8 4 5 19 12
Interest 34 32 25 28 24 21 16 10 5 4 5 6 8
Depreciation 43 49 78 72 75 92 91 87 78 66 73 81 83
Profit before tax 47 58 24 32 36 89 107 33 18 45 114 146 126
Tax % 35% 11% 24% 22% 30% 35% 36% 16% 30% 27% 24% 27%
31 52 18 25 25 58 69 28 12 33 87 107 92
EPS in Rs 1.54 2.60 0.90 1.26 1.26 2.89 2.80 1.13 0.50 1.36 3.56 4.20 3.68
Dividend Payout % 42% 31% 72% 40% 40% 17% 29% 31% 30% 30% 14% 14%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 18%
TTM: 14%
Compounded Profit Growth
10 Years: 15%
5 Years: 8%
3 Years: 102%
TTM: 8%
Stock Price CAGR
10 Years: 12%
5 Years: 13%
3 Years: 18%
1 Year: 14%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 11%
Last Year: 13%

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 20 20 20 20 20 20 24 24 24 24 24 25 25
Reserves 223 247 242 255 279 509 549 549 553 582 709 796 815
308 276 257 279 245 232 188 78 49 71 62 115 88
237 238 218 219 221 252 272 185 261 269 284 342 361
Total Liabilities 787 780 737 773 765 1,013 1,034 837 887 947 1,080 1,279 1,290
421 421 406 438 443 516 495 450 391 367 481 503 497
CWIP 31 67 62 38 21 23 9 2 6 93 25 93 176
Investments 69 35 35 35 34 5 5 5 5 5 0 0 0
266 256 233 262 266 469 525 381 485 481 574 683 617
Total Assets 787 780 737 773 765 1,013 1,034 837 887 947 1,080 1,279 1,290

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
57 96 129 89 150 164 170 108 83 96 83 172
-77 -15 -63 -65 -61 -113 22 -25 -22 -114 -84 -172
20 -81 -66 -23 -91 -50 -83 -149 -42 15 -24 28
Net Cash Flow -0 0 -0 2 -2 1 108 -67 19 -3 -25 29

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 51 49 39 47 47 63 56 47 70 56 50 54
Inventory Days 25 36 36 37 37 35 32 37 47 43 49 47
Days Payable 68 77 73 79 77 66 64 49 78 63 56 61
Cash Conversion Cycle 8 7 3 5 7 31 24 34 39 36 43 40
Working Capital Days 1 -5 -11 -6 -2 21 19 29 40 32 40 37
ROCE % 16% 10% 9% 9% 11% 17% 16% 6% 3% 8% 16% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 73.98% 73.97% 73.97% 73.97% 73.97% 73.97% 73.97% 74.98% 74.98% 74.98%
4.58% 4.59% 4.58% 3.99% 3.95% 3.84% 0.32% 0.41% 0.52% 0.48% 0.57% 0.43%
3.55% 3.24% 4.52% 4.48% 4.45% 4.55% 7.68% 8.50% 9.24% 8.92% 8.96% 8.85%
16.87% 17.17% 16.92% 17.55% 17.62% 17.63% 18.04% 17.12% 16.27% 15.62% 15.47% 15.74%
No. of Shareholders 48,11448,24346,68644,19143,76743,80141,94441,98341,80846,84046,12650,092

* 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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