Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 520066 | NSE: JAYBARMARU | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jay Bharat Maruti Ltd is a average quality company.
The key valuation ratios of Jay Bharat Maruti Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Jay Bharat Maruti Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.9% | 21.8% | 19.7% | 18.1% | 15.8% | 9.6% | 8.9% | 9% | 11.2% | 10% | - |
| Value Creation Index ⓘ | 0.4 | 0.6 | 0.4 | 0.3 | 0.1 | -0.3 | -0.4 | -0.4 | -0.2 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,294 | 1,302 | 1,527 | 1,730 | 1,992 | 1,659 | 1,499 | 2,078 | 2,344 | 2,292 | 2,278 |
| Sales YoY Gr. | - | 0.6% | 17.3% | 13.3% | 15.1% | -16.8% | -9.6% | 38.7% | 12.8% | -2.2% | - |
| Adj EPS ⓘ | 3.3 | 3.7 | 5 | 5.4 | 4.7 | 2.7 | 2.4 | 2.6 | 3.4 | 2.9 | 2.2 |
| YoY Gr. | - | 13.1% | 33.9% | 8.8% | -13.3% | -42.8% | -11.5% | 7.6% | 33.6% | -16.7% | - |
| BVPS (₹) ⓘ | 19.1 | 23.4 | 28.1 | 33.3 | 37.3 | 39.1 | 41.5 | 43.7 | 46.8 | 49.6 | 50 |
| Adj Net Profit ⓘ | 35.6 | 40.3 | 53.9 | 58.7 | 50.9 | 29.1 | 25.7 | 27.8 | 37 | 30.8 | 23 |
| Cash Flow from Ops. ⓘ | 88.4 | 95.1 | 57.6 | 209 | 128 | 154 | 163 | 106 | 154 | 188 | - |
| Debt/CF from Ops. ⓘ | 1.8 | 1.4 | 4.4 | 1.4 | 3.2 | 2.9 | 2.2 | 3.6 | 2.1 | 1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.6% | 2.8% | 15.2% | -2.2% | ||||
| Adj EPS ⓘ | -1.6% | -9.5% | 6.2% | -16.7% | ||||
| BVPSⓘ | 11.2% | 5.8% | 6.1% | 5.9% | ||||
| Share Price | 8.8% | 17.4% | 0.7% | -43.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.8 | 17.5 | 19.4 | 17.7 | 13.3 | 7 | 5.9 | 6 | 7.6 | 5.9 | 4.3 |
| Op. Profit Mgn % ⓘ | 8.1 | 9.2 | 8.8 | 9.1 | 8.8 | 8.6 | 9.1 | 7.2 | 7.4 | 7.3 | 6.6 |
| Net Profit Mgn % ⓘ | 2.8 | 3.1 | 3.5 | 3.4 | 2.6 | 1.8 | 1.7 | 1.3 | 1.6 | 1.3 | 1 |
| Debt to Equity ⓘ | 0.8 | 0.5 | 0.8 | 0.8 | 1 | 1.1 | 0.8 | 0.8 | 0.7 | 0.6 | - |
| Working Cap Days ⓘ | 50 | 53 | 54 | 60 | 55 | 58 | 59 | 56 | 58 | 65 | 36 |
| Cash Conv. Cycle ⓘ | -7 | -4 | 2 | 8 | 6 | 3 | 0 | 2 | 3 | 5 | -20 |
Sales growth is growing at healthy rate in last 3 years 15.21%
Debt to equity has declined versus last 3 years average to 0.61
Return on Equity has declined versus last 3 years average to 4.30%
Net Profit has been subdued in last 3 years 6.19%
Sales growth is not so good in last 4 quarters at -3.18%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.2 | 2.2 |
| TTM Sales (₹ Cr.) | 2,278 | 2,278 |
| BVPS (₹.) ⓘ | 50 | 50.2 |
| Reserves (₹ Cr.) ⓘ | 520 | 522 |
| P/BV ⓘ | 1.31 | 1.31 |
| PE ⓘ | 30.50 | 30.15 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 55.32 / 125.05 |
| All Time Low / High (₹) | 0.75 / 149.75 |
| Market Cap (₹ Cr.) | 711 |
| Equity (₹ Cr.) | 21.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 44.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| TVS Holdings | 9,442 | 319 (3.5%) | Small Cap | 40,248 | 550.3 | 4.4 | 16.6 | 4.6 |
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| JBM Auto | 701.5 | -0.2 (-0%) | Small Cap | 5,009 | 8.1 | 3.8 | 86.7 | 12.8 |
| Minda Corporation | 518.5 | 1.8 (0.4%) | Small Cap | 4,651 | 11.5 | 4.9 | 45.1 | 5.7 |
| Wheels India | 697.1 | -7.6 (-1.1%) | Small Cap | 4,607 | 43.7 | 1.4 | 16.1 | 2 |
| Steel Strips Wheels | 204.9 | 6.1 (3%) | Small Cap | 4,357 | 13.3 | 5 | 15 | 2.2 |
| ZF Comm Vehic Contr | 12,886.9 | -88.1 (-0.7%) | Small Cap | 3,784 | 229.1 | 10.5 | 56.6 | 8 |
| Sandhar Tech | 403.7 | -3.9 (-0.9%) | Small Cap | 3,521 | 22.4 | 3.1 | 18.2 | 2.2 |
| Gabriel India | 575.2 | 0.5 (0.1%) | Small Cap | 3,343 | 14.7 | 5.6 | 39.2 | 7.3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,294 | 1,302 | 1,527 | 1,730 | 1,992 | 1,659 | 1,499 | 2,078 | 2,344 | 2,292 |
| Operating Expenses ⓘ | 1,189 | 1,185 | 1,394 | 1,575 | 1,818 | 1,517 | 1,363 | 1,928 | 2,171 | 2,126 |
| Manufacturing Costs | 76 | 81 | 74 | 86 | 94 | 79 | 74 | 92 | 104 | 110 |
| Material Costs | 1,022 | 999 | 1,199 | 1,328 | 1,533 | 1,269 | 1,133 | 1,646 | 1,854 | 1,784 |
| Employee Cost | 73 | 83 | 97 | 123 | 155 | 142 | 136 | 162 | 184 | 197 |
| Other Costs ⓘ | 18 | 22 | 24 | 38 | 36 | 27 | 20 | 28 | 29 | 35 |
| Operating Profit ⓘ | 105 | 117 | 133 | 156 | 175 | 141 | 136 | 150 | 173 | 167 |
| Operating Profit Margin (%) | 8.1% | 9.0% | 8.7% | 9.0% | 8.8% | 8.5% | 9.1% | 7.2% | 7.4% | 7.3% |
| Other Income ⓘ | 7 | 4 | 1 | 4 | 3 | 2 | 5 | 0 | 1 | 4 |
| Interest ⓘ | 21 | 22 | 18 | 20 | 34 | 38 | 33 | 33 | 37 | 40 |
| Depreciation ⓘ | 38 | 39 | 41 | 49 | 61 | 63 | 66 | 75 | 80 | 84 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 53 | 60 | 75 | 90 | 82 | 42 | 42 | 42 | 58 | 46 |
| Tax ⓘ | 13 | 20 | 21 | 31 | 30 | 14 | 15 | 15 | 20 | 15 |
| Profit After Tax | 40 | 40 | 54 | 59 | 52 | 28 | 26 | 27 | 37 | 31 |
| PAT Margin (%) | 3.1% | 3.1% | 3.5% | 3.4% | 2.6% | 1.7% | 1.7% | 1.3% | 1.6% | 1.4% |
| Adjusted EPS (₹) | 3.7 | 3.7 | 5.0 | 5.4 | 4.8 | 2.6 | 2.4 | 2.5 | 3.5 | 2.9 |
| Dividend Payout Ratio (%) | 11% | 11% | 10% | 9% | 10% | 10% | 10% | 20% | 20% | 24% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 207 | 253 | 304 | 360 | 404 | 423 | 450 | 473 | 507 | 536 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 22 | 22 | 22 |
| Reserves ⓘ | 196 | 242 | 294 | 349 | 393 | 412 | 439 | 452 | 485 | 515 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 103 | 95 | 233 | 264 | 349 | 392 | 277 | 284 | 228 | 227 |
| Long Term Debt | 67 | 54 | 116 | 212 | 269 | 279 | 231 | 202 | 140 | 114 |
| Short Term Debt | 36 | 41 | 117 | 52 | 79 | 113 | 46 | 82 | 88 | 113 |
| Trade Payables | 160 | 143 | 184 | 180 | 205 | 165 | 206 | 270 | 257 | 331 |
| Others Liabilities ⓘ | 153 | 139 | 106 | 231 | 248 | 227 | 301 | 299 | 306 | 459 |
| Total Liabilities ⓘ | 623 | 629 | 827 | 1,035 | 1,206 | 1,207 | 1,233 | 1,326 | 1,298 | 1,553 |
Fixed Assets | ||||||||||
| Gross Block | 806 | 437 | 531 | 760 | 1,021 | 1,068 | 1,175 | 1,246 | 1,347 | 1,455 |
| Accumulated Depreciation | 407 | 39 | 80 | 128 | 189 | 250 | 315 | 390 | 465 | 549 |
| Net Fixed Assetsⓘ | 399 | 398 | 452 | 632 | 832 | 817 | 860 | 856 | 881 | 906 |
| CWIP ⓘ | 1 | 8 | 64 | 93 | 51 | 143 | 83 | 62 | 23 | 162 |
| Investmentsⓘ | 2 | 8 | 12 | 15 | 17 | 21 | 24 | 26 | 26 | 32 |
| Inventories | 125 | 134 | 114 | 202 | 169 | 123 | 153 | 211 | 203 | 267 |
| Trade Receivables | 43 | 37 | 133 | 28 | 74 | 52 | 62 | 90 | 82 | 125 |
| Cash Equivalents | 1 | 2 | 2 | 3 | 1 | 2 | 3 | 4 | 6 | 2 |
| Others Assetsⓘ | 51 | 41 | 50 | 62 | 61 | 49 | 49 | 77 | 76 | 59 |
| Total Assets ⓘ | 623 | 629 | 827 | 1,035 | 1,206 | 1,207 | 1,233 | 1,326 | 1,298 | 1,553 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 88 | 95 | 58 | 209 | 128 | 154 | 163 | 106 | 154 | 188 |
| PBT ⓘ | 53 | 60 | 75 | 90 | 82 | 42 | 42 | 42 | 58 | 46 |
| Adjustment ⓘ | 54 | 59 | 58 | 67 | 93 | 101 | 96 | 108 | 116 | 121 |
| Changes in Working Capital ⓘ | -8 | -7 | -60 | 80 | -19 | 30 | 33 | -14 | -4 | 0 |
| Tax Paid ⓘ | -10 | -16 | -16 | -27 | -28 | -19 | -8 | -31 | -15 | 21 |
| Cash Flow From Investing Activity ⓘ | -21 | -53 | -160 | -226 | -195 | -144 | -50 | -76 | -65 | -140 |
| Capex | -21 | -53 | -161 | -226 | -192 | -138 | -51 | -76 | -66 | -143 |
| Net Investments | 0 | 0 | 0 | 0 | -4 | -7 | 0 | 0 | 1 | 0 |
| Others ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 3 |
| Cash Flow From Financing Activityⓘ | -67 | -42 | 103 | 17 | 66 | -10 | -113 | -29 | -87 | -51 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -40 | -20 | 50 | 108 | 78 | 1 | -9 | -25 | -50 | -27 |
| Interest Paid ⓘ | -22 | -22 | -19 | -20 | -33 | -38 | -33 | -33 | -37 | -40 |
| Dividend Paid ⓘ | -3 | -4 | -4 | -5 | -5 | -5 | -3 | -5 | -5 | -8 |
| Others ⓘ | -2 | 5 | 76 | -66 | 26 | 32 | -68 | 35 | 5 | 24 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | -1 | 1 | 1 | 1 | 3 | -4 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.08 | 17.31 | 19.3 | 17.72 | 13.65 | 6.78 | 5.97 | 5.95 | 7.63 | 6.01 |
| ROCE (%) | 19.89 | 21.75 | 19.67 | 18.08 | 15.82 | 9.57 | 8.85 | 9 | 11.2 | 10.02 |
| Asset Turnover Ratio | 2.44 | 2.37 | 2.38 | 1.92 | 1.78 | 1.38 | 1.23 | 1.62 | 1.79 | 1.61 |
| PAT to CFO Conversion(x) | 2.2 | 2.38 | 1.07 | 3.54 | 2.46 | 5.5 | 6.27 | 3.93 | 4.16 | 6.06 |
| Working Capital Days | ||||||||||
| Receivable Days | 9 | 10 | 18 | 16 | 9 | 14 | 14 | 13 | 13 | 16 |
| Inventory Days | 28 | 32 | 26 | 32 | 34 | 32 | 34 | 32 | 32 | 37 |
| Payable Days | 51 | 55 | 50 | 50 | 46 | 53 | 60 | 53 | 52 | 60 |
Jay Bharat Maruti (JBML), a public limited company, was incorporated in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL). Keeping pace with the steep rise in demand and quality of passenger cars and the fierce competition from the entry of international auto majors in the country, JBM had to continually expand its manufacturing capacity and capability. The world-class manufacturing capabilities include imported and indigenous press lines, robotic welding lines as well as plating and painting facilities.
JBML added capabilities to produce exhaust systems, axles and fuel neck fillers to the existing capabilities of sheet metal components and welded modules. With several awards to its credit and support of its partners the company stands posed atop a launch pad to the future fully geared to meet new challenges and is destined to touch new heights in excellence. JBM Auto is a JBM Group company. JBM Group spanned over 28 plants in 11 locations is spreading its wings further to new areas, new locations to touch new heights.
JBM Group created a new meaning for excellence in manufacturing of sheet metal parts and welded assemblies, exhaust systems, axles, high tensile fasteners, tubes, special purpose vehicles and waste management services. The group has embraced international systems and processes, implementing them at all levels, in every unit, and across all parameters. This has resulted in prestigious certifications from global institutions. The group companies have consistently met and surpassed world-class standards, while accumulating a wealth of knowledge and expertise in the industry.
Other group companies:
Product range of the company includes:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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