BSE: 532605 | NSE: JBMA | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that JBM Auto Ltd is a average quality company.
The key valuation ratios of JBM Auto Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JBM Auto 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.1% | 16.4% | 17.1% | 18.5% | 17.4% | 12.5% | 9.2% | 13.7% | 11.9% | 14.8% | - |
| Value Creation Index ⓘ | 0.7 | 0.2 | 0.2 | 0.3 | 0.2 | -0.1 | -0.3 | 0.0 | -0.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,557 | 1,518 | 1,501 | 1,633 | 2,207 | 1,947 | 1,982 | 3,193 | 3,857 | 5,009 | 5,263 |
| Sales YoY Gr. | - | -2.5% | -1.1% | 8.8% | 35.2% | -11.8% | 1.8% | 61.1% | 20.8% | 29.9% | - |
| Adj EPS ⓘ | 7.4 | 5.2 | 5.7 | 6.9 | 9.7 | 5.9 | 4.4 | 13.3 | 10.6 | 14.8 | 15.8 |
| YoY Gr. | - | -30% | 9.3% | 21.7% | 40.4% | -39.5% | -24.9% | 201.8% | -20.2% | 39.8% | - |
| BVPS (₹) ⓘ | 29.5 | 33.7 | 35 | 40.9 | 63.3 | 59.5 | 63.1 | 75.8 | 87.1 | 98.8 | 104.2 |
| Adj Net Profit ⓘ | 75.6 | 52.9 | 57.9 | 70.4 | 98.8 | 69.3 | 52 | 157 | 125 | 175 | 187 |
| Cash Flow from Ops. ⓘ | 66.4 | 145 | 119 | 69.2 | 152 | 370 | 216 | -142 | 484 | 205 | - |
| Debt/CF from Ops. ⓘ | 7.4 | 3.6 | 4.4 | 8.3 | 5.1 | 1.7 | 3.8 | -9.7 | 3.5 | 10.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.9% | 17.8% | 36.2% | 29.9% | ||||
| Adj EPS ⓘ | 8% | 8.9% | 49.9% | 39.8% | ||||
| BVPSⓘ | 14.4% | 9.3% | 16.1% | 13.4% | ||||
| Share Price | 38.5% | 69.3% | 55.1% | 10.9% | ||||
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 % ⓘ | 27.1 | 15.9 | 16.3 | 18.2 | 18.6 | 10.3 | 7.2 | 19.1 | 13 | 16 | 15.6 |
| Op. Profit Mgn % ⓘ | 12.3 | 12.6 | 11 | 12.5 | 11.7 | 11.9 | 10.5 | 10.8 | 10.4 | 11.7 | 12 |
| Net Profit Mgn % ⓘ | 5.9 | 4.2 | 4.3 | 5 | 4.5 | 3.6 | 2.6 | 4.9 | 3.3 | 3.8 | 3.6 |
| Debt to Equity ⓘ | 1.6 | 1.5 | 1.5 | 1.4 | 1.2 | 0.9 | 1.1 | 1.5 | 1.6 | 1.8 | 0.7 |
| Working Cap Days ⓘ | 105 | 136 | 152 | 148 | 146 | 190 | 197 | 167 | 159 | 163 | 86 |
| Cash Conv. Cycle ⓘ | 25 | 23 | 24 | 49 | 62 | 75 | 54 | 34 | 37 | 22 | -7 |
Sales growth is growing at healthy rate in last 3 years 36.21%
Net Profit is growing at healthy rate in last 3 years 49.90%
Debt to equity has declined versus last 3 years average to 1.80
Sales growth is good in last 4 quarters at 28.45%
Return on Equity has declined versus last 3 years average to 15.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.1 | 15.8 |
| TTM Sales (₹ Cr.) | 4,746 | 5,263 |
| BVPS (₹.) ⓘ | 92.3 | 104.2 |
| Reserves (₹ Cr.) ⓘ | 1,067 | 1,209 |
| P/BV ⓘ | 17.57 | 15.55 |
| PE ⓘ | 201.29 | 102.29 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1387.95 / 2417.30 |
| All Time Low / High (₹) | 1.43 / 2417.30 |
| Market Cap (₹ Cr.) | 19,163 |
| Equity (₹ Cr.) | 23.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 50.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,557 | 1,518 | 1,501 | 1,633 | 2,207 | 1,947 | 1,982 | 3,193 | 3,857 | 5,009 |
| Operating Expenses ⓘ | 1,366 | 1,328 | 1,336 | 1,429 | 1,949 | 1,717 | 1,778 | 2,850 | 3,459 | 4,425 |
| Manufacturing Costs | 80 | 87 | 83 | 89 | 140 | 118 | 138 | 180 | 237 | 255 |
| Material Costs | 1,105 | 1,022 | 1,052 | 1,139 | 1,546 | 1,356 | 1,382 | 2,285 | 2,716 | 3,552 |
| Employee Cost | 139 | 171 | 164 | 165 | 217 | 204 | 205 | 302 | 384 | 464 |
| Other Costs ⓘ | 41 | 47 | 37 | 35 | 47 | 39 | 53 | 83 | 122 | 155 |
| Operating Profit ⓘ | 191 | 190 | 165 | 204 | 258 | 230 | 204 | 343 | 398 | 584 |
| Operating Profit Margin (%) | 12.3% | 12.5% | 11.0% | 12.5% | 11.7% | 11.8% | 10.3% | 10.7% | 10.3% | 11.7% |
| Other Income ⓘ | 4 | 6 | 15 | 11 | 25 | 15 | 12 | 21 | 27 | 20 |
| Interest ⓘ | 35 | 53 | 53 | 49 | 59 | 64 | 55 | 76 | 126 | 197 |
| Depreciation ⓘ | 40 | 59 | 50 | 56 | 75 | 74 | 76 | 91 | 130 | 171 |
| Exceptional Items ⓘ | 2 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 122 | 85 | 97 | 124 | 150 | 108 | 78 | 187 | 170 | 246 |
| Tax ⓘ | 30 | 22 | 25 | 43 | 52 | 38 | 29 | 31 | 44 | 52 |
| Profit After Tax | 93 | 63 | 72 | 81 | 98 | 69 | 49 | 156 | 125 | 194 |
| PAT Margin (%) | 6.0% | 4.1% | 4.8% | 5.0% | 4.4% | 3.6% | 2.5% | 4.9% | 3.2% | 3.9% |
| Adjusted EPS (₹) | 7.4 | 5.1 | 6.4 | 6.9 | 9.6 | 5.9 | 4.2 | 13.2 | 10.5 | 15.1 |
| Dividend Payout Ratio (%) | 13% | 14% | 12% | 12% | 9% | 12% | 14% | 8% | 12% | 10% |
| 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 | 311 | 354 | 357 | 417 | 645 | 704 | 746 | 896 | 1,030 | 1,168 |
| Share Capital ⓘ | 30 | 30 | 20 | 20 | 20 | 24 | 24 | 24 | 24 | 24 |
| Reserves ⓘ | 280 | 323 | 336 | 397 | 625 | 680 | 722 | 873 | 1,006 | 1,144 |
| Minority Interest | 66 | 75 | 63 | 73 | 0 | 0 | 0 | 0 | 1 | 24 |
| Debt | 441 | 453 | 454 | 501 | 664 | 546 | 694 | 1,208 | 1,506 | 1,853 |
| Long Term Debt | 186 | 149 | 180 | 225 | 237 | 197 | 213 | 478 | 632 | 674 |
| Short Term Debt | 255 | 305 | 274 | 276 | 427 | 349 | 482 | 729 | 874 | 1,179 |
| Trade Payables | 221 | 388 | 320 | 257 | 409 | 400 | 584 | 561 | 436 | 1,103 |
| Others Liabilities ⓘ | 215 | 249 | 156 | 186 | 288 | 359 | 440 | 563 | 567 | 717 |
| Total Liabilities ⓘ | 1,254 | 1,519 | 1,350 | 1,435 | 2,006 | 2,009 | 2,464 | 3,229 | 3,540 | 4,865 |
Fixed Assets | ||||||||||
| Gross Block | 1,029 | 1,104 | 633 | 663 | 1,045 | 1,143 | 1,286 | 1,662 | 2,128 | 2,480 |
| Accumulated Depreciation | 337 | 393 | 50 | 105 | 210 | 282 | 355 | 449 | 588 | 751 |
| Net Fixed Assetsⓘ | 692 | 711 | 583 | 558 | 834 | 861 | 930 | 1,213 | 1,540 | 1,729 |
| CWIP ⓘ | 12 | 27 | 35 | 63 | 70 | 90 | 300 | 180 | 268 | 131 |
| Investmentsⓘ | 16 | 16 | 76 | 91 | 48 | 54 | 54 | 49 | 74 | 79 |
| Inventories | 178 | 288 | 216 | 235 | 290 | 296 | 362 | 413 | 424 | 744 |
| Trade Receivables | 230 | 291 | 308 | 355 | 610 | 495 | 496 | 580 | 469 | 670 |
| Cash Equivalents | 11 | 7 | 3 | 2 | 11 | 22 | 18 | 35 | 45 | 67 |
| Others Assetsⓘ | 114 | 177 | 129 | 130 | 143 | 191 | 302 | 760 | 719 | 1,445 |
| Total Assets ⓘ | 1,254 | 1,519 | 1,350 | 1,435 | 2,006 | 2,009 | 2,464 | 3,229 | 3,540 | 4,865 |
| 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 ⓘ | 66 | 145 | 119 | 69 | 152 | 370 | 216 | -142 | 484 | 205 |
| PBT ⓘ | 122 | 85 | 97 | 124 | 150 | 108 | 78 | 187 | 170 | 246 |
| Adjustment ⓘ | 74 | 110 | 89 | 86 | 128 | 130 | 135 | 173 | 237 | 344 |
| Changes in Working Capital ⓘ | -109 | -20 | -47 | -113 | -87 | 153 | 19 | -482 | 129 | -338 |
| Tax Paid ⓘ | -21 | -30 | -20 | -28 | -39 | -21 | -15 | -20 | -51 | -47 |
| Cash Flow From Investing Activity ⓘ | -200 | -116 | -65 | -61 | -190 | -123 | -363 | -295 | -646 | -443 |
| Capex | -199 | -116 | -65 | -54 | -172 | -121 | -347 | -267 | -618 | -224 |
| Net Investments | -3 | 0 | 0 | -8 | -8 | -7 | -15 | -22 | -45 | -55 |
| Others ⓘ | 1 | 1 | 0 | 0 | -9 | 5 | 0 | -6 | 17 | -164 |
| Cash Flow From Financing Activityⓘ | 138 | -34 | -57 | -8 | 46 | -236 | 140 | 454 | 159 | 248 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 108 | -16 | 6 | 45 | 6 | -56 | 69 | 317 | 162 | 125 |
| Interest Paid ⓘ | -36 | -52 | -49 | -45 | -55 | -61 | -54 | -74 | -136 | -181 |
| Dividend Paid ⓘ | -7 | -15 | -9 | -10 | -10 | -11 | -8 | -7 | -12 | -15 |
| Others ⓘ | 72 | 49 | -5 | 2 | 104 | -108 | 133 | 218 | 144 | 319 |
| Net Cash Flow ⓘ | 4 | -4 | -4 | 0 | 9 | 11 | -7 | 16 | -2 | 10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 34.45 | 19.54 | 20.54 | 20.97 | 18.46 | 10.26 | 6.8 | 19.05 | 12.99 | 17.63 |
| ROCE (%) | 23.08 | 16.36 | 17.08 | 18.45 | 17.35 | 12.47 | 9.18 | 13.67 | 11.86 | 14.8 |
| Asset Turnover Ratio | 1.51 | 1.23 | 1.18 | 1.21 | 1.28 | 0.97 | 0.89 | 1.12 | 1.14 | 1.19 |
| PAT to CFO Conversion(x) | 0.71 | 2.3 | 1.65 | 0.85 | 1.55 | 5.36 | 4.41 | -0.91 | 3.87 | 1.06 | Working Capital Days |
| Receivable Days | 49 | 56 | 65 | 72 | 80 | 104 | 91 | 61 | 50 | 42 |
| Inventory Days | 35 | 50 | 54 | 49 | 43 | 55 | 61 | 44 | 40 | 43 |
| Payable Days | 74 | 109 | 123 | 92 | 79 | 109 | 130 | 91 | 67 | 79 |
JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad. In the year 1993 the Company established a Press Shop for manufacturing of Sheet Metal Components and Welded Sub-assemblies to meet the growing stringent quality requirements of automobile industry. The company went for its first public issue in March, 1994.
JBM Auto is JBM Group company, 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.
The other JBM Group companies are:
Product range of the company includes:
The Company’s principal activity is to manufacture and market automotive components. It operates in three segments namely Sheet Metal Division, Special Purpoes Vechile Division and Tool Room Division. The Sheet Metal Division manufactures sheet metal components, assemblies and sub assemblies. The Special Purpoes Vechile Division develops and assembly special purpose vehicle and tool room division manufactures tool, dies and moulds.
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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