Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jay Bharat Maruti Ltd

About the Company - Jay Bharat Maruti Ltd

Jay Bharat Maruti Ltd. is a Public Limited Listed company incorporated on 19/03/1987 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L29130DL1987PLC027342 and registration number is 027342. 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. 2079.94 Cr. and Equity Capital is Rs. 21.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others601, Hemkunt Chambers, 89, Nehru Place, New Delhi Delhi 110019jbml.investor@jbmgroup.com
http://www.jbmgroup.com
Management
NamePosition Held
Mr. S K AryaChairman & Managing Director
Mr. Anand SwaroopWholeTime Director & CFO
Mr. Nishant AryaNon Executive Director
Ms. Esha AryaNon Executive Director
Mrs. Pravin TripathiIndependent Director
Mr. D P AgarwalIndependent Director
Mr. Achintya KaratiIndependent Director
Mr. Madhusudan PrasadIndependent Director
Mr. Dhanendra KumarIndependent Director
Mr. Rajiv GandhiNominee Director

Basic Stock Data of Jay Bharat Maruti Ltd

Last Updated: June 17, 2024, 8:29 pm

Market Cap 1,177 Cr.
Current Price 109
High / Low144/90.0
Stock P/E37.5
Book Value 49.6
Dividend Yield0.64 %
ROCE9.45 %
ROE6.01 %
Face Value 2.00
PEG Ratio9.09

Jay Bharat Maruti Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales496.03540.98411.55467.55505.72694.57554.24580.64535.97673.36533.17613.33547.51
Expenses445.59482.80380.81435.65466.11646.88515.14537.44496.32622.01495.73568.07506.95
Operating Profit50.4458.1830.7431.9039.6147.6939.1043.2039.6551.3537.4445.2640.56
OPM %10.17%10.75%7.47%6.82%7.83%6.87%7.05%7.44%7.40%7.63%7.02%7.38%7.41%
Other Income2.680.580.100.160.040.130.150.620.100.410.510.320.92
Interest8.447.798.098.498.118.058.219.539.289.829.4010.4810.53
Depreciation17.0219.6418.3817.9719.4819.6519.6120.2819.8620.3121.0821.4620.92
Profit before tax27.6631.334.375.6012.0620.1211.4314.0110.6121.637.4713.6410.03
Tax %36.15%36.32%32.27%38.04%40.05%31.31%32.46%36.40%37.42%34.72%32.53%36.29%35.09%
Net Profit17.6619.962.963.487.2313.817.728.916.6314.115.058.696.50
EPS in Rs1.631.840.270.320.671.280.710.820.611.300.470.800.60

Last Updated: June 7, 2024, 8:59 am

Jay Bharat Maruti Ltd Quarterly Chart

Jay Bharat Maruti Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0681,1801,2121,2941,3021,5271,7301,9941,6581,4992,0782,3442,367
Expenses9831,0871,1051,1891,1851,3941,5751,8191,5171,3631,9282,1712,193
Operating Profit8694106105117133156175141136150173175
OPM %8%8%9%8%9%9%9%9%9%9%7%7%7%
Other Income33-127414324012
Interest22202221221820343833333740
Depreciation38464638394149616366758084
Profit before tax29322753607590824242425853
Tax %32%33%40%25%33%28%35%36%34%37%35%35%
Net Profit20221740405459522826273734
EPS in Rs1.811.991.533.703.684.975.444.822.592.412.543.453.17
Dividend Payout %17%15%16%11%11%10%9%10%10%10%20%20%

Jay Bharat Maruti Ltd Profit & Loss Yearly Chart

Jay Bharat Maruti Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:15%
TTM:-2%
Compounded Profit Growth
10 Years:2%
5 Years:-10%
3 Years:6%
TTM:-15%
Stock Price CAGR
10 Years:20%
5 Years:22%
3 Years:8%
1 Year:11%
Return on Equity
10 Years:10%
5 Years:6%
3 Years:7%
Last Year:6%

Last Updated: June 13, 2024, 3:29 am

Jay Bharat Maruti Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111222222
Reserves130148161196242294349393412439452485493
Borrowings184215212159134255298404445369380336435
Other Liabilities234203200257242267377398339414473456522
Total Liabilities5595765846236298271,0351,2061,2071,2331,3261,2981,473
Fixed Assets319353374399398452632832817860856881946
CWIP2522231864935114383622374
Investments222281215172124262629
Other Assets213199185221214300295305226266382368424
Total Assets5595765846236298271,0351,2061,2071,2331,3261,2981,473

Jay Bharat Maruti Ltd Reserves and Borrowings Chart

Jay Bharat Maruti Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7266107889558209128154163106154
Cash from Investing Activity -115-78-76-21-53-160-226-195-144-50-76-65
Cash from Financing Activity 4413-32-67-421031766-10-113-29-87
Net Cash Flow11-20100-11113

Jay Bharat Maruti Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1891210326141115161320
Inventory Days333845493556403549474055
Days Payable544957525650494766605168
Cash Conversion Cycle-4-2-0711125-1-2327
Working Capital Days-16-27-20-108-16-15-20-21-91-4
ROCE %14%16%18%21%20%18%16%10%9%9%11%

Jay Bharat Maruti Ltd Financial Efficiency Indicators Chart

Jay Bharat Maruti Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.35%59.35%59.35%59.35%59.35%59.35%59.35%59.35%59.35%59.35%59.35%59.35%
FIIs3.36%3.50%3.59%3.49%3.50%3.43%3.48%3.42%3.40%3.55%3.71%3.63%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Government0.64%0.64%0.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public36.63%36.48%36.40%37.14%37.13%37.19%37.15%37.19%37.24%37.07%36.92%36.99%
No. of Shareholders15,57825,51425,22725,05324,42124,16622,79321,96521,46221,17821,62223,528

Jay Bharat Maruti Ltd Shareholding Pattern Chart

No. of Jay Bharat Maruti Ltd Shareholders

This stock is not held by any mutual fund

Jay Bharat Maruti Ltd ROCE Trend

Jay Bharat Maruti Ltd EPS Trend

Jay Bharat Maruti Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.005.005.005.005.00
Basic EPS (Rs.)2.988.756.5012.1213.04
Diluted EPS (Rs.)2.988.756.5012.1213.04
Cash EPS (Rs.)10.6627.0623.7342.4541.79
Book Value[Excl.RevalReserv]/Share (Rs.)49.76117.34109.53207.82195.46
Book Value[Incl.RevalReserv]/Share (Rs.)49.76117.34109.53207.82195.46
Revenue From Operations / Share (Rs.)211.74541.39480.36692.41765.69
PBDIT / Share (Rs.)15.7340.3234.7264.8765.93
PBIT / Share (Rs.)7.9421.8317.2934.4137.05
PBT / Share (Rs.)4.2813.329.7319.1919.46
Net Profit / Share (Rs.)2.878.566.2911.9912.92
NP After MI And SOA / Share (Rs.)2.988.756.5012.1213.04
PBDIT Margin (%)7.427.447.229.368.61
PBIT Margin (%)3.744.033.594.964.83
PBT Margin (%)2.022.462.022.772.54
Net Profit Margin (%)1.351.581.311.731.68
NP After MI And SOA Margin (%)1.401.611.351.741.70
Return on Networth / Equity (%)5.977.465.935.836.67
Return on Capital Employeed (%)9.8412.379.469.419.78
Return On Assets (%)2.072.912.122.122.33
Long Term Debt / Equity (X)0.210.270.420.520.65
Total Debt / Equity (X)0.600.650.780.620.92
Asset Turnover Ratio (%)1.611.791.621.231.37
Current Ratio (X)0.630.670.590.500.48
Quick Ratio (X)0.240.290.190.150.16
Inventory Turnover Ratio (X)7.608.939.068.338.58
Dividend Payout Ratio (NP) (%)0.0014.2719.2310.3119.17
Dividend Payout Ratio (CP) (%)0.004.585.222.935.96
Earning Retention Ratio (%)0.0085.7380.7789.6980.83
Cash Earning Retention Ratio (%)0.0095.4294.7897.0794.04
Interest Coverage Ratio (X)4.304.744.594.263.75
Interest Coverage Ratio (Post Tax) (X)1.782.011.831.791.73
Enterprise Value (Cr.)1605.95892.72985.27770.82606.38
EV / Net Operating Revenue (X)0.700.380.470.510.36
EV / EBITDA (X)9.435.116.555.494.25
MarketCap / Net Operating Revenue (X)0.550.240.290.320.13
Retention Ratios (%)0.0085.7280.7689.6880.82
Price / BV (X)2.381.121.301.100.51
Price / Net Operating Revenue (X)0.550.240.290.320.13
EarningsYield0.020.060.040.050.13

Jay Bharat Maruti Ltd Profitability Ratios (%)

Jay Bharat Maruti Ltd Liquidity Ratios

Jay Bharat Maruti Ltd Liquidity Ratios (%)

Jay Bharat Maruti Ltd Interest Coverage Ratios (%)

Jay Bharat Maruti Ltd Valuation Ratios

Fair Value

Fair Value: 112.50

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.

Undervalued: 3.21% compared to the current price 109

Intrinsic Value: 117.14

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 7.47% compared to the current price ₹109

Last 5 Year EPS CAGR: 4.12%

*Investments are subject to market risks

Strength and Weakness of Jay Bharat Maruti Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -12.42, which is a positive sign.
  2. The company has higher reserves (322.62 cr) compared to borrowings (294.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.23 cr) and profit (52.69 cr) over the years.
  1. The stock has a low average ROCE of 13.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 3.17, which may not be favorable.

FAQ

What is the latest fair value of Jay Bharat Maruti Ltd?

The latest fair value of Jay Bharat Maruti Ltd is ₹112.50.

What is the Market Cap of Jay Bharat Maruti Ltd?

The Market Cap of Jay Bharat Maruti Ltd is 1,177 Cr..

What is the current Stock Price of Jay Bharat Maruti Ltd as on 24 June 2024?

The current stock price of Jay Bharat Maruti Ltd as on 24 June 2024 is ₹109.

What is the High / Low of Jay Bharat Maruti Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jay Bharat Maruti Ltd stocks is 144/90.0.

What is the Stock P/E of Jay Bharat Maruti Ltd?

The Stock P/E of Jay Bharat Maruti Ltd is 37.5.

What is the Book Value of Jay Bharat Maruti Ltd?

The Book Value of Jay Bharat Maruti Ltd is 49.6.

What is the Dividend Yield of Jay Bharat Maruti Ltd?

The Dividend Yield of Jay Bharat Maruti Ltd is 0.64 %.

What is the ROCE of Jay Bharat Maruti Ltd?

The ROCE of Jay Bharat Maruti Ltd is 9.45 %.

What is the ROE of Jay Bharat Maruti Ltd?

The ROE of Jay Bharat Maruti Ltd is 6.01 %.

What is the Face Value of Jay Bharat Maruti Ltd?

The Face Value of Jay Bharat Maruti Ltd is 2.00.

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 Jay Bharat Maruti Ltd. 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