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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Jamna Auto Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:21 am

Market Cap 3,857 Cr.
Current Price 96.7
High / Low 150/96.2
Stock P/E19.7
Book Value 23.5
Dividend Yield3.52 %
ROCE30.7 %
ROE24.5 %
Face Value 1.00
PEG Ratio0.62

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Frontier Springs Ltd 977 Cr. 2,481 2,644/92043.4 2670.06 %20.5 %15.5 % 10.0
Auto Pins (India) Ltd 113 Cr. 199 223/123222 14.70.00 %22.0 %13.3 % 10.0
Remsons Industries Ltd 514 Cr. 147 235/12547.1 30.70.20 %13.6 %12.3 % 2.00
Jamna Auto Industries Ltd 3,857 Cr. 96.7 150/96.219.7 23.53.52 %30.7 %24.5 % 1.00
Industry Average1,365.25 Cr730.9383.0583.980.95%21.70%16.40%5.75

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales343484295352445626548553591634575607604
Expenses292412260307385539488497525554502528518
Operating Profit51723544608760566679737986
OPM %15%15%12%13%13%14%11%10%11%13%13%13%14%
Other Income1302112712111
Interest1211011111011
Depreciation10108991110101011111112
Profit before tax42642737517751525671636974
Tax %28%25%27%27%27%26%26%28%27%26%27%27%26%
Net Profit30481927375737374152465055
EPS in Rs0.751.190.490.680.941.430.940.941.031.321.141.261.38

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1209808331,0951,2561,2921,7382,1351,1291,0791,7182,3252,408
Expenses1,0158957851,0011,0921,0911,4991,8561,0139451,4912,0632,110
Operating Profit104864995164201239279116134227262297
OPM %9%9%6%9%13%16%14%13%10%12%13%11%12%
Other Income-221827691115105126
Interest1927241820142028187433
Depreciation32292631454841464136374143
Profit before tax5132174710514518621672101191229258
Tax %18%14%17%38%32%28%33%36%33%28%26%27%
Net Profit42281429721051251374873141168189
EPS in Rs1.070.700.350.741.802.633.143.451.201.833.534.224.75
Dividend Payout %33%28%29%30%31%27%27%28%33%41%42%45%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-33.33%-50.00%107.14%148.28%45.83%19.05%9.60%-64.96%52.08%93.15%19.15%
Change in YoY Net Profit Growth (%)0.00%-16.67%157.14%41.13%-102.44%-26.79%-9.45%-74.56%117.05%41.07%-74.00%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:3%
3 Years:31%
TTM:-4%
Compounded Profit Growth
10 Years:63%
5 Years:9%
3 Years:41%
TTM:3%
Stock Price CAGR
10 Years:21%
5 Years:16%
3 Years:-1%
1 Year:-10%
Return on Equity
10 Years:23%
5 Years:19%
3 Years:23%
Last Year:24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital40404040404040404040404040
Reserves132140157203293384470477540645744863897
Borrowings17012764167363415212519130170119
Other Liabilities261232234225155303554121292317226277273
Total Liabilities6015394954845617891,0677909981,1931,0401,3501,329
Fixed Assets265259242211281301373369351436434468469
CWIP1728652031401321345356121226
Investments5000000000000
Other Assets314277245207259457655289512703550761635
Total Assets6015394954845617891,0677909981,1931,0401,3501,329

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +87459813881126281-1100137490
Cash from Investing Activity +-3224-22-75-83-72-130-97-18-36-88-160
Cash from Financing Activity +-55-66-78-666-57-13980-4520-25792
Net Cash Flow-13-2-34-212-1937-152822

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow104.00-84.00-78.0031.00148.00128.00176.00275.00-36.009.0036.00232.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days404719111040522658611028
Inventory Days75655449535361671161027784
Days Payable1231249161376811719102661515
Cash Conversion Cycle-9-11-18-02625-47371977197
Working Capital Days-10-8-19-18112374661763449
ROCE %17%8%23%49%48%46%49%15%16%25%28%31%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters50.00%49.98%49.98%49.98%49.98%49.96%49.96%49.96%49.95%49.94%49.94%49.94%
FIIs6.70%5.55%6.63%7.08%6.47%6.24%3.29%5.79%5.70%7.67%8.96%5.40%
DIIs12.87%13.55%13.83%13.38%14.45%15.13%14.61%12.28%10.76%7.14%6.28%5.28%
Public30.43%30.92%29.56%29.57%29.10%28.67%32.15%31.98%33.58%35.24%34.83%39.37%
No. of Shareholders1,08,1281,20,2701,18,4561,32,4761,28,7421,24,1401,40,1581,61,4391,74,2522,44,2052,43,4532,46,121

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund - Regular Plan10,149,5630.89113.6210,149,5632024-12-190%
ICICI Prudential Smallcap Fund7,550,8991.2884.5310,149,5632024-12-19-25.6%
Axis Small Cap Fund5,893,1090.3765.9710,149,5632024-12-19-41.94%
Invesco India Multicap Fund2,637,8091.0229.5310,149,5632024-12-19-74.01%
Edelweiss Small Cap Fund2,463,5290.9827.5810,149,5632024-12-19-75.73%
UTI Small Cap Fund2,381,9910.7726.6710,149,5632024-12-19-76.53%
Invesco India Smallcap Fund2,092,8600.7223.4310,149,5632024-12-19-79.38%
Tata Multicap Fund2,000,0000.8522.3910,149,5632024-12-19-80.29%
UTI ELSS Tax Saver Fund1,920,2360.6521.510,149,5632024-12-19-81.08%
Bank of India Small Cap Fund1,120,0001.5312.5410,149,5632024-12-19-88.97%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.154.233.531.831.20
Diluted EPS (Rs.)5.144.213.521.831.20
Cash EPS (Rs.)6.265.254.462.732.24
Book Value[Excl.RevalReserv]/Share (Rs.)22.6519.6717.1814.5612.97
Book Value[Incl.RevalReserv]/Share (Rs.)22.6519.6717.1814.5612.97
Revenue From Operations / Share (Rs.)60.8558.3243.1127.1028.34
PBDIT / Share (Rs.)8.336.855.793.583.28
PBIT / Share (Rs.)7.225.824.872.692.24
PBT / Share (Rs.)7.105.754.802.531.80
Net Profit / Share (Rs.)5.154.223.531.831.20
NP After MI And SOA / Share (Rs.)5.154.223.531.831.20
PBDIT Margin (%)13.6811.7413.4313.2011.56
PBIT Margin (%)11.869.9811.299.917.90
PBT Margin (%)11.679.8611.139.346.34
Net Profit Margin (%)8.467.248.196.754.24
NP After MI And SOA Margin (%)8.467.248.196.754.24
Return on Networth / Equity (%)22.7421.4620.5612.579.26
Return on Capital Employeed (%)30.6728.1426.6417.1614.69
Return On Assets (%)15.2115.8711.808.266.05
Long Term Debt / Equity (X)0.000.000.000.000.09
Total Debt / Equity (X)0.170.020.250.000.26
Asset Turnover Ratio (%)2.012.001.621.261.15
Current Ratio (X)1.592.111.441.401.33
Quick Ratio (X)0.720.720.760.590.62
Inventory Turnover Ratio (X)4.594.914.424.173.50
Dividend Payout Ratio (NP) (%)42.7042.6028.2813.6470.71
Dividend Payout Ratio (CP) (%)35.1334.2522.439.1737.93
Earning Retention Ratio (%)57.3057.4071.7286.3629.29
Cash Earning Retention Ratio (%)64.8765.7577.5790.8362.07
Interest Coverage Ratio (X)71.6198.4882.6023.307.43
Interest Coverage Ratio (Post Tax) (X)45.2861.7051.3912.923.72
Enterprise Value (Cr.)5358.213919.684114.022663.451081.25
EV / Net Operating Revenue (X)2.211.692.392.470.95
EV / EBITDA (X)16.1314.3517.8218.688.28
MarketCap / Net Operating Revenue (X)2.181.702.312.510.83
Retention Ratios (%)57.2957.3971.7186.3529.28
Price / BV (X)5.855.055.794.661.83
Price / Net Operating Revenue (X)2.181.702.312.510.83
EarningsYield0.030.040.030.020.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 117.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 21.43% compared to the current share price 96.70

Intrinsic Value of as of December 22, 2024 is: 154.61

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 59.89% compared to the current share price 96.70

Last 5 Year EPS CAGR: 31.67%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 29.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 21.00, which is a positive sign.
  3. The company has higher reserves (457.31 cr) compared to borrowings (100.31 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (140.54 cr) and profit (126.92 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 34.83, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 8.46%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 30.67% (Industry Average ROCE: 21.7%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 22.74% (Industry Average ROE: 16.4%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 45.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.72
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19.7 (Industry average Stock P/E: 83.05)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.17
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Jamna Auto Industries Ltd. is a Public Limited Listed company incorporated on 30/09/1965 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L35911HR1965PLC004485 and registration number is 004485. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 1649.04 Cr. and Equity Capital is Rs. 39.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Susp. & Braking - SpringsJai Springs Road, Industrial Area, Yamunanagar Haryana 135001investor.relations@jaispring.com
http://www.jaispring.com
Management
NamePosition Held
Mr. Randeep Singh JauharChairman & Executive Director
Mr. Pradeep Singh JauharManaging Director & CEO
Mr. S P S KohliExecutive Director
Ms. Rashmi DuggalIndependent Director
Mr. Rakesh KalraIndependent Director
Mr. Gautam MukherjeeIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹117.42, which is 21.43% higher than the current market price of ₹96.70. The stock has a market capitalization of 3,857 Cr. and recorded a high/low of 150/96.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹897 Cr and total liabilities of ₹1,329 Cr.

What is the Market Cap of ?

The Market Cap of is 3,857 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 96.7.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 150/96.2.

What is the Stock P/E of ?

The Stock P/E of is 19.7.

What is the Book Value of ?

The Book Value of is 23.5.

What is the Dividend Yield of ?

The Dividend Yield of is 3.52 %.

What is the ROCE of ?

The ROCE of is 30.7 %.

What is the ROE of ?

The ROE of is 24.5 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE