JBM Auto Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2016 • Sheet Metal Components, Assemblies & Sub-assemblies: 87.9% • Tools, Dies & Moulds: 12.1%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company has delivered good profit growth of 22.8% CAGR over last 5 years
- Company has delivered good sales growth of 22.4% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.25x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (33.6% of PBT)
- Recent results are weak - TTM profit is down 15.8% versus prior year
- Stock is trading at 9.5x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 163.80 | 39.47 | 172881.77 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48900.00 | 61.03 | 144235.93 | 0.55 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1230.45 | 59.10 | 71054.45 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2685.25 | 85.70 | 51979.01 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 800.45 | 71.79 | 49958.36 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2754.35 | 39.95 | 38743.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11855.90 | 66.69 | 31008.43 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2471.00 | 56.33 | 28121.34 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4133.05 | 74.02 | 25791.71 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.71 | 38.80 | 24344.83 | 1.58 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1361.00 | 81.04 | 24121.01 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| JBMA | 613.90 | 64.76 | 14518.38 | 0.14 | 44.26 | 13.37 | 1442.45 | 15.04 | 14.57 | 10.78 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 844 | 808 | 1,260 | 1,332 | 1,054 | 1,100 | 1,277 | 1,346 | 1,234 | 1,203 | 1,279 | 1,686 | 1,356 | |
| 765 | 741 | 1,172 | 1,266 | 957 | 1,013 | 1,175 | 1,235 | 1,135 | 1,092 | 1,175 | 1,576 | 1,316 | |
| Operating Profit | 79 | 66 | 89 | 65 | 98 | 87 | 102 | 111 | 99 | 111 | 104 | 109 | 40 |
| OPM % | 9.33% | 8.19% | 7.03% | 4.92% | 9.25% | 7.90% | 8.02% | 8.26% | 8.02% | 9.22% | 8.11% | 6.49% | 2.93% |
| 8 | 8 | 3 | 8 | 9 | 19 | 16 | 16 | 8 | 20 | 18 | 11 | 4 | |
| Interest | 33 | 33 | 36 | 32 | 33 | 38 | 48 | 44 | 36 | 42 | 46 | 46 | 40 |
| Depreciation | 27 | 27 | 27 | 28 | 28 | 29 | 29 | 29 | 28 | 28 | 29 | 29 | 29 |
| Profit before Tax | 26 | 14 | 29 | 13 | 45 | 39 | 42 | 54 | 43 | 61 | 46 | 46 | 44 |
| Tax % | 25.33% | 27.11% | 27.85% | 21.59% | 24.91% | 21.58% | 27.10% | 27.63% | 25.61% | 25.55% | 14.38% | 31.37% | 27.55% |
| Net Profit | 19 | 11 | 21 | 10 | 34 | 30 | 30 | 39 | 32 | 45 | 40 | 31 | 32 |
| 1.64 | 0.89 | 1.75 | 0.43 | 1.44 | 1.29 | 1.28 | 1.66 | 1.36 | 1.91 | 1.67 | 1.33 | 1.35 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 698 | 766 | 2,207 | 1,947 | 1,966 | 3,168 | 3,749 | 4,244 | 4,778 | 5,402 | 5,523 | |
| 622 | 677 | 1,949 | 1,717 | 1,764 | 2,844 | 3,411 | 3,945 | 4,379 | 4,979 | 5,159 | |
| Operating Profit | 76 | 89 | 258 | 230 | 201 | 324 | 338 | 299 | 398 | 423 | 364 |
| OPM % | 10.90% | 11.57% | 11.67% | 11.82% | 10.24% | 10.22% | 9.01% | 7.04% | 8.33% | 7.83% | 6.59% |
| 26 | 11 | 25 | 15 | 13 | 24 | 38 | 27 | 60 | 57 | 53 | |
| Interest | 30 | 27 | 59 | 64 | 57 | 75 | 109 | 134 | 163 | 171 | 175 |
| Depreciation | 23 | 25 | 75 | 74 | 76 | 85 | 100 | 109 | 115 | 114 | 115 |
| Profit before Tax | 49 | 47 | 148 | 107 | 82 | 188 | 166 | 82 | 180 | 196 | 196 |
| Tax % | 18.79% | 32.24% | 34.86% | 35.36% | 35.50% | 16.34% | 26.71% | 25.93% | 25.52% | 24.29% | 24.72% |
| Net Profit | 40 | 32 | 97 | 69 | 53 | 157 | 122 | 61 | 134 | 148 | 148 |
| EPS | 9.75 | 7.87 | 20.43 | 14.69 | 4.48 | 13.27 | 10.29 | 5.14 | 5.67 | 6.26 | — |
| Dividend Payout % | 20.52% | 25.42% | 9.50% | 11.91% | 13.41% | 7.54% | 12.64% | 29.16% | 15.00% | 13.58% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 25%
- 5 Years:
- 22%
- 3 Years:
- 13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 20%
- 5 Years:
- 23%
- 3 Years:
- 7%
STOCK PRICE CAGR
- 10 Years:
- 31%
- 5 Years:
- 45%
- 3 Years:
- -7%
- 1 Year:
- -4%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 12%
- 3 Years:
- 10%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| 169 | 191 | 619 | 674 | 718 | 867 | 977 | 1,021 | 1,136 | 1,264 | |
| 295 | 348 | 763 | 637 | 816 | 1,091 | 1,287 | 1,118 | 1,163 | 1,484 | |
| Trade Payables | 176 | 153 | 409 | 400 | 557 | 551 | 423 | 646 | 581 | 898 |
| 57 | 77 | 188 | 269 | 336 | 369 | 345 | 474 | 549 | 786 | |
| Total Liabilities | 717 | 789 | 2,000 | 2,003 | 2,450 | 2,901 | 3,056 | 3,284 | 3,453 | 4,455 |
| 279 | 265 | 834 | 861 | 871 | 925 | 979 | 959 | 967 | 924 | |
| Capital Work in Progress | 4 | 21 | 43 | 41 | 81 | 49 | 9 | 32 | 9 | 115 |
| 71 | 76 | 41 | 48 | 76 | 152 | 229 | 300 | 300 | 626 | |
| 122 | 143 | 290 | 296 | 354 | 404 | 405 | 636 | 550 | 459 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 736 | 977 | 1,942 | |
| Cash & Bank | 1 | 1 | 11 | 22 | 17 | 27 | 23 | 39 | 160 | 101 |
| 241 | 282 | 781 | 736 | 1,050 | 1,343 | 1,412 | 583 | 491 | 289 | |
| Total Assets | 717 | 789 | 2,000 | 2,003 | 2,450 | 2,901 | 3,056 | 3,284 | 3,453 | 4,455 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 63 | 42 | 191 | 391 | 29 | 52 | 112 | 489 | 314 | -33 | |
| Cash from Investing | -33 | -51 | -190 | -123 | -159 | -186 | -141 | -311 | -146 | -153 |
| Cash from Financing | -23 | 20 | 46 | -236 | 138 | 166 | 68 | -184 | -111 | 202 |
| -2 | 0 | 9 | 11 | -7 | 12 | -11 | -5 | 57 | 16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-26 - Copy of Newspaper advertisement regarding the dispatch of Notice of Annual General Meeting along with Annual Report for the FY 2025-26 to the shareholders of the Company
2026-08-25 - JBM Auto Limited has informed the Exchange that Record date for the purpose of Dividend is 09-Sep-2026.
2026-08-25 - JBM Auto Limited has informed the Exchange regarding 'BRSR Report'.
2026-08-25 - JBM Auto Limited has informed the Exchange regarding 'Annual Report'.
2026-08-25 - JBM Auto Limited has informed the Exchange regarding Notice of 30th Annual General Meeting to be held on September 16, 2026
2026-08-24 - Clarification on Volume Movement
2026-08-24 - JBM Auto Limited has informed the Exchange about Newspaper Publication of the 30th AGM to be held through Video conferencing/Other Audio-Visual Mode
2026-08-21 - The Exchange has sought clarification from JBM Auto Limited with respect to recent news item captioned Bain Capital looks to drive into JBM Auto s EV business with $300 mn bet. The response from the Company is attached.
2026-08-21 - The Exchange has sought clarification from JBM Auto Limited with respect to recent news item captioned Bain Capital looks to drive into JBM Auto s EV business with $300 mn bet. The response from the Company is awaited.
News
Recent coverage and analyst commentary for JBMA
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JBM Auto Ltd.
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