Jullundur Motor Agency (Delhi) Ltd.

•

jmaindia.comBSE: -NSE: JMA

Market Cap₹ 207 Cr.

Current Price

High / Low₹ 104 / 70

Stock P/E7.8

Book Value₹ 105

Price to Book0.74

Dividend Yield3.31 %

ROCE14.4 %

ROE11.0 %

Face Value₹ 2

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Oil Gas & Consumable Fuels

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Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 48.2% YoY, showing strong momentum
Working capital cycle has improved - days down from 145 to 113
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Offers a healthy dividend yield of 3.3%

CONS

A large part of profit comes from other income (28.4% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.32x)
Company has delivered a poor profit growth of 3.8% over past five years
Expensive relative to growth - PEG of 3.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2894.80	52.64	391875.62	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	999.50	27.25	45372.45	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	CPPLUS	3715.75	92.10	43957.48	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	AEGISLOG	1242.80	34.86	43622.28	0.70	544.84	210.70	2356.86	37.07	19.76	30.28
5.	REDINGTON	363.00	16.68	28378.41	1.65	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.45	61.63	15337.81	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	70.95	96.45	10830.89	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	825.65	83.70	10406.10	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	62.14	20.84	9321.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1799.70	62.46	7832.85	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	346.70	24.48	7658.08	0.43	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	JMA	90.56	6.46	206.85	3.31	7.96	41.72	160.47	15.41	15.44	5.46

Detailed Comparison with:

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
	94	101	108	121	101	99	108	124	106	110	129	136	125
	90	96	102	112	97	96	102	116	103	105	122	128	119
Operating Profit	4	4	5	8	4	3	6	8	4	4	7	8	7
OPM %	4.10%	4.41%	5.03%	7.02%	3.72%	3.13%	5.14%	6.78%	3.36%	3.89%	5.71%	6.25%	5.23%
Other Income	1	2	1	2	2	2	2	2	2	3	2	2	2
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	5	6	7	10	5	5	7	10	6	7	9	10	8
Tax %	26.02%	23.78%	24.81%	23.75%	25.24%	25.95%	25.79%	26.17%	26.61%	20.97%	25.31%	22.49%	25.75%
Net Profit	4	5	5	7	4	4	5	7	4	6	7	8	6
	2	2	2	3	2	2	2	3	2	3	3	3	0
Equity Capital	5	5	5	5	5	5	5	5	5	5	5	5	5
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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
	380	322	327	304	323	361	409	423	432	481	500
	362	306	311	292	301	337	383	400	411	458	473
Operating Profit	21	20	22	18	28	29	31	28	28	33	—
OPM %	6	6	7	6	9	8	8	7	7	7	—
Other Income	4	4	5	5	6	5	6	6	7	9	9
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	0	1	1	1	1	1
	20	18	21	17	27	28	30	28	27	32	35
Tax %	35	35	35	26	26	25	25	24	26	24	24
Net Profit	13	12	13	13	20	21	23	21	20	25	26
EPS	0	0	0	4	7	9	10	9	9	11	—
Dividend Payout %	18	20	18	23	22	22	20	22	22	28	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	4	4	5	4	9	9	10	9	9	11	—

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 8%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: 4%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 8%
3 Years:: 5%
1 Year:: 2%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 12%
3 Years:: 11%
Last Year:: 11%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	6	6	6	6	5	5	5	5	5	5
	121	133	140	151	139	156	175	192	208	229
Trade Payables	52	60	65	55	60	65	66	74	68	53
	10	7	9	8	6	8	8	7	6	8
Total Liabilities	189	206	220	220	210	234	253	277	287	294
ASSETS	-	-	-	-	-	-	-	-	-	-
	10	9	9	9	8	9	12	12	12	12
	15	19	23	19	19	15	15	17	17	19
	50	53	57	57	53	57	69	75	82	78
	0	0	0	0	0	0	0	68	68	66
Cash & Bank	19	14	13	17	12	16	15	17	10	17
	94	112	119	118	118	137	142	88	97	103
Total Assets	189	206	220	220	210	234	253	277	287	294
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	87	91	86	103	113	119	125	162	171	149
Contingent Liabilities	3	3	3	9	9	8	8	6	6	7
Book Value per Share	212.78	232.46	244.44	52.70	62.96	70.29	78.43	86.23	93.11	102.15
Face Value	10.00	10.00	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

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
	-5	-5	7	7	20	11	3	12	-2	10
Cash from Investing	6	4	-2	-2	10	-2	0	-8	-1	-4
Cash from Financing	-3	0	-6	0	-35	-5	-5	-5	-5	-5
	-2	-1	-1	5	-4	4	-1	0	-7	2
Free Cash Flow	-5	-5	7	6	20	10	-1	12	-2	10
OCF / Net Profit	-0.39	-0.40	0.54	0.52	1.00	0.50	0.13	0.59	-0.08	0.42
Cumulative 5-Year FCF	0	0	0	0	22	38	42	46	39	29

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
PER SHARE
EPS (₹)	21.92	20.11	22.54	4.26	8.92	9.30	9.98	9.15	8.90	10.73
Book Value (₹)	212.78	232.46	244.44	52.70	62.96	70.29	78.43	86.23	93.11	102.15
Dividend per Share (₹)	4.00	4.00	4.00	1.00	2.00	2.00	2.00	2.00	2.00	3.00
Cash EPS (₹)	4.73	4.37	4.84	4.57	9.21	9.51	10.29	9.52	9.25	11.06
PROFITABILITY
Operating Margin %	5.57%	6.07%	6.59%	5.94%	8.75%	7.99%	7.60%	5.25%	4.82%	4.93%
Net Margin %	3.44%	3.73%	4.11%	4.18%	6.31%	5.88%	5.58%	4.94%	4.71%	5.09%
ROE %	10.75%	9.03%	9.45%	8.39%	13.54%	13.96%	13.42%	11.11%	9.93%	10.99%
ROCE %	16.53%	13.92%	14.46%	11.33%	18.35%	18.65%	17.87%	14.70%	13.39%	14.39%
	7.15%	6.07%	6.30%	5.77%	9.47%	9.57%	9.36%	7.88%	7.21%	8.43%
EFFICIENCY
Debtor Days	50	62	64	64	55	56	56	57	58	51
Inventory Days	50	59	62	68	62	55	56	62	66	61
Payable Days	55	73	81	84	76	74	69	70	69	53
	45	47	44	49	41	37	43	49	54	59
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	2208.95x	233.66x	692.31x	0.00x	162.71x	0.00x	0.00x	0.00x	0.00x	0.00x
	2.44x	2.35x	2.17x	2.65x	2.72x	2.65x	2.72x	3.04x	3.33x	3.49x
GROWTH
Revenue Growth %	-1.48%	-15.28%	1.74%	-7.03%	6.19%	11.79%	13.19%	3.39%	2.18%	11.51%
Operating Profit Growth %	6.84%	-7.61%	10.35%	-16.20%	56.50%	2.10%	7.58%	-8.25%	-0.99%	16.44%
Net Profit Growth %	4.78%	-8.28%	12.09%	-5.48%	60.43%	4.20%	7.33%	-8.35%	-2.65%	20.51%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.35%	-2.65%	20.51%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.73x	8.35x	7.07x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.14x	0.80x	0.74x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	2.69%	3.95%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.26x	5.66x	4.75x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00
	0.05	0.14	0.05	0.05	0.05	0.05	0.05	0.05	0.05
	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.95	48.85	48.95	48.95	48.95	48.95	48.95	48.95	48.95

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-25

Shareholders meeting

2026-08-25 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026

2026-08-25

Shareholders meeting

2026-08-25 - Jullundur Motor Agency (Delhi) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 25, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-25

Appointment

2026-08-25 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange regarding Appointment of Mr Varoon Malik as Managing Director of the company w.e.f. September 01, 2026.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Jullundur Motor Agency (Delhi) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Copy of Newspaper Publication

2026-07-31 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 77th Annual General Meeting, Record Date and e-voting information

2026-07-31

Record Date

2026-07-31 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 18-Aug-2026.

2026-07-31

Shareholders meeting

2026-07-31 - Jullundur Motor Agency (Delhi) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2026

2026-07-08

Reply to Clarification- Financial results

2026-07-08 - The Exchange had sought clarification from Jullundur Motor Agency (Delhi) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

News

Recent coverage and analyst commentary for JMA

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Name

ADANIENT

2894.80

52.64

391875.62

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

999.50

27.25

45372.45

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

CPPLUS

3715.75

92.10

43957.48

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

AEGISLOG

1242.80

34.86

43622.28

0.70

544.84

210.70

2356.86

37.07

19.76

30.28

REDINGTON

363.00

16.68

28378.41

1.65

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.45

61.63

15337.81

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

70.95

96.45

10830.89

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

825.65

83.70

10406.10

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

62.14

20.84

9321.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1799.70

62.46

7832.85

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

346.70

24.48

7658.08

0.43

73.40

-8.99

526.72

-0.43

17.15

18.80

JMA

90.56

6.46

206.85

3.31

7.96

41.72

160.47

15.41

15.44

5.46

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

101

108

121

101

108

124

106

110

129

136

125

102

112

102

116

103

105

122

128

119

Operating Profit

OPM %

4.10%

4.41%

5.03%

7.02%

3.72%

3.13%

5.14%

6.78%

3.36%

3.89%

5.71%

6.25%

5.23%

Other Income

Interest

Depreciation

Tax %

26.02%

23.78%

24.81%

23.75%

25.24%

25.95%

25.79%

26.17%

26.61%

20.97%

25.31%

22.49%

25.75%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

380

322

327

304

323

361

409

423

432

481

500

362

306

311

292

301

337

383

400

411

458

473

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

121

133

140

151

139

156

175

192

208

229

Trade Payables

Total Liabilities

189

206

220

210

234

253

277

287

294

ASSETS

Cash & Bank

112

119

118

137

142

103

Total Assets

189

206

220

210

234

253

277

287

294

Total Debt

Net Working Capital

103

113

119

125

162

171

149

Contingent Liabilities

Book Value per Share

212.78

232.46

244.44

52.70

62.96

70.29

78.43

86.23

93.11

102.15

Face Value

10.00

2.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-5

-2

Cash from Investing

-2

-8

-1

-4

Cash from Financing

-3

-6

-35

-5

-2

-1

-4

-1

-7

Free Cash Flow

-5

-1

-2

OCF / Net Profit

-0.39

-0.40

0.54

0.52

1.00

0.50

0.13

0.59

-0.08

0.42

Cumulative 5-Year FCF

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

21.92

20.11

22.54

4.26

8.92

9.30

9.98

9.15

8.90

10.73

Book Value (₹)

212.78

232.46

244.44

52.70

62.96

70.29

78.43

86.23

93.11

102.15

Dividend per Share (₹)

4.00

1.00

2.00

3.00

Cash EPS (₹)

4.73

4.37

4.84

4.57

9.21

9.51

10.29

9.52

9.25

11.06

PROFITABILITY

Operating Margin %

5.57%

6.07%

6.59%

5.94%

8.75%

7.99%

7.60%

5.25%

4.82%

4.93%

Net Margin %

3.44%

3.73%

4.11%

4.18%

6.31%

5.88%

5.58%

4.94%

4.71%

5.09%

ROE %

10.75%

9.03%

9.45%

8.39%

13.54%

13.96%

13.42%

11.11%

9.93%

10.99%

ROCE %

16.53%

13.92%

14.46%

11.33%

18.35%

18.65%

17.87%

14.70%

13.39%

14.39%

7.15%

6.07%

6.30%

5.77%

9.47%

9.57%

9.36%

7.88%

7.21%

8.43%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

Interest Coverage (x)

2208.95x

233.66x

692.31x

0.00x

162.71x

0.00x

2.44x

2.35x

2.17x

2.65x

2.72x

2.65x

2.72x

3.04x

3.33x

3.49x

GROWTH

Revenue Growth %

-1.48%

-15.28%

1.74%

-7.03%

6.19%

11.79%

13.19%

3.39%

2.18%

11.51%

Operating Profit Growth %

6.84%

-7.61%

10.35%

-16.20%

56.50%

2.10%

7.58%

-8.25%

-0.99%

16.44%

Net Profit Growth %

4.78%

-8.28%

12.09%

-5.48%

60.43%

4.20%

7.33%

-8.35%

-2.65%

20.51%

0.00%

-8.35%

-2.65%

20.51%

VALUATION

P/E (x)

0.00x

10.73x

8.35x

7.07x

P/B (x)

0.00x

1.14x

0.80x

0.74x

Dividend Yield %

0.00%

2.04%

2.69%

3.95%

0.00x

7.26x

5.66x

4.75x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.00

0.05

0.14

0.05

0.01

Government

0.00

48.95

48.85

48.95

Jullundur Motor Agency (Delhi) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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Jullundur Motor Agency (Delhi) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI