JTEKT India Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:39 pm

Market Cap	3,257 Cr.
Current Price	128
High / Low	226/106
Stock P/E	41.5
Book Value	30.0
Dividend Yield	0.47 %
ROCE	15.9 %
ROE	12.4 %
Face Value	1.00
PEG Ratio	1.84

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for JTEKT India Ltd

Competitors of JTEKT India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Him Teknoforge Ltd	141 Cr.	160	274/115	15.1	234	0.25 %	8.63 %	4.10 %	2.00
The Hi-Tech Gears Ltd	1,145 Cr.	610	1,280/440	23.6	261	0.82 %	12.5 %	12.2 %	10.0
JTEKT India Ltd	3,257 Cr.	128	226/106	41.5	30.0	0.47 %	15.9 %	12.4 %	1.00
Bharat Gears Ltd	118 Cr.	76.7	125/69.2		79.7	0.00 %	1.65 %	9.13 %	10.0
Industry Average	1,165.25 Cr	243.68		26.73	151.18	0.39%	9.67%	9.46%	5.75

All Competitor Stocks of JTEKT India Ltd

Quarterly Result

Metric	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	355	432	470	321	385	413	470	472	571	471	530	478	584
Expenses	321	388	414	303	355	376	428	432	513	433	480	443	524
Operating Profit	34	44	56	18	30	37	42	40	58	38	50	34	60
OPM %	9%	10%	12%	6%	8%	9%	9%	8%	10%	8%	10%	7%	10%
Other Income	1	1	1	1	3	2	-3	-1	2	2	2	11	2
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	22	21	20	19	18	17	17	17	18	19	19	19	20
Profit before tax	12	23	36	-1	14	21	21	21	41	20	32	25	42
Tax %	27%	28%	26%	-6%	26%	26%	27%	26%	27%	23%	18%	25%	27%
Net Profit	9	17	27	-1	11	16	15	16	30	15	26	19	30
EPS in Rs	0.33	0.65	1.04	-0.05	0.39	0.59	0.58	0.58	1.14	0.59	1.03	0.70	1.11

Last Updated: February 28, 2025, 7:01 pm

Below is a detailed analysis of the quarterly data for JTEKT India Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Sales, as of Sep 2023, the value is ₹584.00 Cr.. The value appears strong and on an upward trend. It has increased from 478.00 Cr. (Jun 2023) to ₹584.00 Cr., marking an increase of ₹106.00 Cr..
For Expenses, as of Sep 2023, the value is ₹524.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 443.00 Cr. (Jun 2023) to ₹524.00 Cr., marking an increase of ₹81.00 Cr..
For Operating Profit, as of Sep 2023, the value is ₹60.00 Cr.. The value appears strong and on an upward trend. It has increased from 34.00 Cr. (Jun 2023) to ₹60.00 Cr., marking an increase of ₹26.00 Cr..
For OPM %, as of Sep 2023, the value is 10.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Jun 2023) to 10.00%, marking an increase of 3.00%.
For Other Income, as of Sep 2023, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 11.00 Cr. (Jun 2023) to ₹2.00 Cr., marking a decrease of 9.00 Cr..
For Interest, as of Sep 2023, the value is ₹1.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2023) which recorded 1.00 Cr..
For Depreciation, as of Sep 2023, the value is ₹20.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19.00 Cr. (Jun 2023) to ₹20.00 Cr., marking an increase of ₹1.00 Cr..
For Profit before tax, as of Sep 2023, the value is ₹42.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Jun 2023) to ₹42.00 Cr., marking an increase of ₹17.00 Cr..
For Tax %, as of Sep 2023, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Jun 2023) to 27.00%, marking an increase of 2.00%.
For Net Profit, as of Sep 2023, the value is ₹30.00 Cr.. The value appears strong and on an upward trend. It has increased from 19.00 Cr. (Jun 2023) to ₹30.00 Cr., marking an increase of ₹11.00 Cr..
For EPS in Rs, as of Sep 2023, the value is 1.11. The value appears strong and on an upward trend. It has increased from ₹0.70 (Jun 2023) to 1.11, marking an increase of ₹0.41.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,421	1,460	1,492	1,553	1,518	1,211	1,519	1,754	1,511	1,333	1,589	2,044	2,063
Expenses	1,246	1,295	1,313	1,337	1,324	1,063	1,306	1,532	1,374	1,230	1,461	1,857	1,879
Operating Profit	175	165	179	216	194	148	213	222	137	103	127	187	183
OPM %	12%	11%	12%	14%	13%	12%	14%	13%	9%	8%	8%	9%	9%
Other Income	3	9	39	5	16	12	9	12	9	5	3	5	17
Interest	46	41	39	31	32	25	21	16	10	5	4	5	5
Depreciation	46	58	68	104	99	79	96	96	93	83	71	73	77
Profit before tax	86	74	111	86	79	56	104	122	43	21	56	114	118
Tax %	30%	35%	22%	31%	32%	28%	34%	36%	18%	33%	27%	24%
Net Profit	60	48	86	58	54	40	68	78	35	14	41	87	90
EPS in Rs	2.45	1.92	3.41	1.91	1.86	1.86	3.21	2.98	1.24	0.48	1.51	3.33	3.43
Dividend Payout %	27%	34%	23%	34%	27%	27%	16%	27%	28%	31%	26%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	-20.00%	79.17%	-32.56%	-6.90%	-25.93%	70.00%	14.71%	-55.13%	-60.00%	192.86%	112.20%
Change in YoY Net Profit Growth (%)	0.00%	99.17%	-111.72%	25.66%	-19.03%	95.93%	-55.29%	-69.83%	-4.87%	252.86%	-80.66%

JTEKT India Ltd 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:	3%
5 Years:	6%
3 Years:	11%
TTM:	7%

Compounded Profit Growth
10 Years:	8%
5 Years:	6%
3 Years:	40%
TTM:	4%

Stock Price CAGR
10 Years:	9%
5 Years:	19%
3 Years:	19%
1 Year:	-19%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	7%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	20	20	20	20	20	20	20	24	24	24	24	24	24
Reserves	219	242	289	304	327	363	525	568	571	574	607	678	710
Borrowings	358	410	341	292	307	249	232	188	78	49	71	62	69
Other Liabilities	357	376	389	398	397	248	274	302	217	286	297	315	374
Total Liabilities	953	1,048	1,039	1,013	1,052	880	1,051	1,083	890	933	1,000	1,080	1,177
Fixed Assets	546	609	602	584	600	477	549	533	487	425	399	481	499
CWIP	46	32	75	63	40	23	25	10	3	10	97	25	42
Investments	30	30	1	1	1	103	0	0	0	0	0	0	0
Other Assets	331	377	361	365	411	278	476	541	401	498	505	574	636
Total Assets	953	1,048	1,039	1,013	1,052	880	1,051	1,083	890	933	1,000	1,080	1,177

Below is a detailed analysis of the balance sheet data for JTEKT India Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Equity Capital, as of Sep 2023, the value is ₹24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded ₹24.00 Cr..
For Reserves, as of Sep 2023, the value is ₹710.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹678.00 Cr. (Mar 2023) to ₹710.00 Cr., marking an increase of 32.00 Cr..
For Borrowings, as of Sep 2023, the value is ₹69.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹62.00 Cr. (Mar 2023) to ₹69.00 Cr., marking an increase of 7.00 Cr..
For Other Liabilities, as of Sep 2023, the value is ₹374.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹315.00 Cr. (Mar 2023) to ₹374.00 Cr., marking an increase of 59.00 Cr..
For Total Liabilities, as of Sep 2023, the value is ₹1,177.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1,080.00 Cr. (Mar 2023) to ₹1,177.00 Cr., marking an increase of 97.00 Cr..
For Fixed Assets, as of Sep 2023, the value is ₹499.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹481.00 Cr. (Mar 2023) to ₹499.00 Cr., marking an increase of 18.00 Cr..
For CWIP, as of Sep 2023, the value is ₹42.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹25.00 Cr. (Mar 2023) to ₹42.00 Cr., marking an increase of 17.00 Cr..
For Investments, as of Sep 2023, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2023, the value is ₹636.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹574.00 Cr. (Mar 2023) to ₹636.00 Cr., marking an increase of 62.00 Cr..
For Total Assets, as of Sep 2023, the value is ₹1,177.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,080.00 Cr. (Mar 2023) to ₹1,177.00 Cr., marking an increase of 97.00 Cr..

Notably, the Reserves (₹710.00 Cr.) exceed the Borrowings (69.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	181	99	163	199	131	162	178	184	125	91	108	95
Cash from Investing Activity +	-139	-96	-42	-81	-79	-64	-118	16	-34	-40	-126	-84
Cash from Financing Activity +	-42	-13	-122	-102	-35	-100	-55	-85	-153	-44	14	-28
Net Cash Flow	-0	-10	-0	15	18	-2	5	115	-61	7	-4	-17

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	-183.00	-245.00	-162.00	-76.00	-113.00	-101.00	-19.00	34.00	59.00	54.00	56.00	125.00

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

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	45	57	51	44	52	47	62	56	47	70	56	50
Inventory Days	22	29	33	35	36	39	39	36	41	52	48	49
Days Payable	74	69	69	68	71	77	68	66	52	81	65	56
Cash Conversion Cycle	-7	17	15	12	17	8	33	26	37	41	38	43
Working Capital Days	-7	1	-3	1	8	-1	22	20	30	42	34	40
ROCE %	21%	17%	16%	16%	14%	12%	17%	17%	7%	4%	9%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	75.00%	73.98%	73.97%	73.97%	73.97%	73.97%	73.97%	73.97%	74.98%	74.98%	74.98%	74.98%
FIIs	4.59%	4.58%	3.99%	3.95%	3.84%	0.32%	0.41%	0.52%	0.48%	0.57%	0.43%	0.43%
DIIs	3.24%	4.52%	4.48%	4.45%	4.55%	7.68%	8.50%	9.24%	8.92%	8.96%	8.85%	9.32%
Public	17.17%	16.92%	17.55%	17.62%	17.63%	18.04%	17.12%	16.27%	15.62%	15.47%	15.74%	15.27%
No. of Shareholders	48,243	46,686	44,191	43,767	43,801	41,944	41,983	41,808	46,840	46,126	50,092	49,205

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	14,429,132	0.53	199.63	315,162	2025-03-10	4478.32%
Baroda BNP Paribas India Consumption Fund	1,063,670	1.41	14.72	315,162	2025-03-10	237.5%
Baroda BNP Paribas Midcap Fund	914,000	0.86	12.65	315,162	2025-03-10	190.01%
Baroda BNP Paribas Value Fund	879,000	0.82	12.16	315,162	2025-03-10	178.9%
Bank of India Tax Advantage Fund	865,000	1.39	11.97	315,162	2025-03-10	174.46%
Bank of India Tax Advantage Fund - Eco Plan	865,000	1.39	11.97	315,162	2025-03-10	174.46%
Bank of India Small Cap Fund	540,000	1.03	7.47	315,162	2025-03-10	71.34%
Baroda BNP Paribas Aggressive Hybrid Fund	477,000	0.79	6.6	315,162	2025-03-10	51.35%
Baroda BNP Paribas Business Cycle Fund	315,162	1.19	4.36	315,162	2025-03-10	0%
Motilal Oswal Nifty Microcap 250 Index Fund	58,188	0.17	0.81	315,162	2025-03-10	-81.54%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	3.33	1.51	0.48	1.24	2.98
Diluted EPS (Rs.)	3.33	1.51	0.48	1.24	2.98
Cash EPS (Rs.)	6.56	4.58	3.95	5.23	7.13
Book Value[Excl.RevalReserv]/Share (Rs.)	30.01	27.05	25.54	25.43	25.25
Book Value[Incl.RevalReserv]/Share (Rs.)	30.01	27.05	25.54	25.43	25.25
Revenue From Operations / Share (Rs.)	83.60	64.99	54.52	61.79	71.74
PBDIT / Share (Rs.)	7.99	5.63	4.42	5.96	9.54
PBIT / Share (Rs.)	5.00	2.73	1.03	2.16	5.62
PBT / Share (Rs.)	4.67	2.30	0.83	1.76	4.98
Net Profit / Share (Rs.)	3.56	1.68	0.55	1.44	3.20
NP After MI And SOA / Share (Rs.)	3.33	1.51	0.47	1.24	2.98
PBDIT Margin (%)	9.55	8.65	8.11	9.64	13.30
PBIT Margin (%)	5.97	4.19	1.89	3.50	7.83
PBT Margin (%)	5.58	3.53	1.53	2.84	6.94
Net Profit Margin (%)	4.26	2.58	1.02	2.32	4.46
NP After MI And SOA Margin (%)	3.98	2.32	0.87	2.00	4.14
Return on Networth / Equity (%)	11.57	5.84	1.95	5.08	12.26
Return on Capital Employeed (%)	15.68	9.37	3.84	8.09	20.05
Return On Assets (%)	7.57	3.69	1.25	3.39	6.71
Long Term Debt / Equity (X)	0.04	0.05	0.02	0.02	0.08
Total Debt / Equity (X)	0.08	0.10	0.05	0.08	0.22
Asset Turnover Ratio (%)	2.06	1.71	1.52	1.60	1.70
Current Ratio (X)	1.84	1.68	1.73	1.64	1.33
Quick Ratio (X)	1.21	1.18	1.26	1.15	1.05
Inventory Turnover Ratio (X)	9.35	8.61	8.04	9.54	11.48
Dividend Payout Ratio (NP) (%)	12.01	9.93	72.97	64.63	25.58
Dividend Payout Ratio (CP) (%)	6.32	3.40	9.03	15.89	11.03
Earning Retention Ratio (%)	87.99	90.07	27.03	35.37	74.42
Cash Earning Retention Ratio (%)	93.68	96.60	90.97	84.11	88.97
Interest Coverage Ratio (X)	41.24	36.89	22.90	14.66	15.00
Interest Coverage Ratio (Post Tax) (X)	20.08	13.84	3.90	4.54	6.03
Enterprise Value (Cr.)	2557.54	1830.07	2044.73	995.25	2720.15
EV / Net Operating Revenue (X)	1.25	1.15	1.53	0.65	1.55
EV / EBITDA (X)	13.09	13.30	18.90	6.83	11.66
MarketCap / Net Operating Revenue (X)	1.24	1.14	1.54	0.64	1.53
Retention Ratios (%)	87.98	90.06	27.02	35.36	74.41
Price / BV (X)	3.59	2.87	3.44	1.65	4.53
Price / Net Operating Revenue (X)	1.24	1.14	1.54	0.64	1.53
EarningsYield	0.03	0.02	0.01	0.03	0.02

After reviewing the key financial ratios for JTEKT India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 23, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 22) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 23, the value is 3.33. This value is below the healthy minimum of 5. It has increased from 1.51 (Mar 22) to 3.33, marking an increase of 1.82.
For Diluted EPS (Rs.), as of Mar 23, the value is 3.33. This value is below the healthy minimum of 5. It has increased from 1.51 (Mar 22) to 3.33, marking an increase of 1.82.
For Cash EPS (Rs.), as of Mar 23, the value is 6.56. This value is within the healthy range. It has increased from 4.58 (Mar 22) to 6.56, marking an increase of 1.98.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 23, the value is 30.01. It has increased from 27.05 (Mar 22) to 30.01, marking an increase of 2.96.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 23, the value is 30.01. It has increased from 27.05 (Mar 22) to 30.01, marking an increase of 2.96.
For Revenue From Operations / Share (Rs.), as of Mar 23, the value is 83.60. It has increased from 64.99 (Mar 22) to 83.60, marking an increase of 18.61.
For PBDIT / Share (Rs.), as of Mar 23, the value is 7.99. This value is within the healthy range. It has increased from 5.63 (Mar 22) to 7.99, marking an increase of 2.36.
For PBIT / Share (Rs.), as of Mar 23, the value is 5.00. This value is within the healthy range. It has increased from 2.73 (Mar 22) to 5.00, marking an increase of 2.27.
For PBT / Share (Rs.), as of Mar 23, the value is 4.67. This value is within the healthy range. It has increased from 2.30 (Mar 22) to 4.67, marking an increase of 2.37.
For Net Profit / Share (Rs.), as of Mar 23, the value is 3.56. This value is within the healthy range. It has increased from 1.68 (Mar 22) to 3.56, marking an increase of 1.88.
For NP After MI And SOA / Share (Rs.), as of Mar 23, the value is 3.33. This value is within the healthy range. It has increased from 1.51 (Mar 22) to 3.33, marking an increase of 1.82.
For PBDIT Margin (%), as of Mar 23, the value is 9.55. This value is below the healthy minimum of 10. It has increased from 8.65 (Mar 22) to 9.55, marking an increase of 0.90.
For PBIT Margin (%), as of Mar 23, the value is 5.97. This value is below the healthy minimum of 10. It has increased from 4.19 (Mar 22) to 5.97, marking an increase of 1.78.
For PBT Margin (%), as of Mar 23, the value is 5.58. This value is below the healthy minimum of 10. It has increased from 3.53 (Mar 22) to 5.58, marking an increase of 2.05.
For Net Profit Margin (%), as of Mar 23, the value is 4.26. This value is below the healthy minimum of 5. It has increased from 2.58 (Mar 22) to 4.26, marking an increase of 1.68.
For NP After MI And SOA Margin (%), as of Mar 23, the value is 3.98. This value is below the healthy minimum of 8. It has increased from 2.32 (Mar 22) to 3.98, marking an increase of 1.66.
For Return on Networth / Equity (%), as of Mar 23, the value is 11.57. This value is below the healthy minimum of 15. It has increased from 5.84 (Mar 22) to 11.57, marking an increase of 5.73.
For Return on Capital Employeed (%), as of Mar 23, the value is 15.68. This value is within the healthy range. It has increased from 9.37 (Mar 22) to 15.68, marking an increase of 6.31.
For Return On Assets (%), as of Mar 23, the value is 7.57. This value is within the healthy range. It has increased from 3.69 (Mar 22) to 7.57, marking an increase of 3.88.
For Long Term Debt / Equity (X), as of Mar 23, the value is 0.04. This value is below the healthy minimum of 0.2. It has decreased from 0.05 (Mar 22) to 0.04, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 23, the value is 0.08. This value is within the healthy range. It has decreased from 0.10 (Mar 22) to 0.08, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Mar 23, the value is 2.06. It has increased from 1.71 (Mar 22) to 2.06, marking an increase of 0.35.
For Current Ratio (X), as of Mar 23, the value is 1.84. This value is within the healthy range. It has increased from 1.68 (Mar 22) to 1.84, marking an increase of 0.16.
For Quick Ratio (X), as of Mar 23, the value is 1.21. This value is within the healthy range. It has increased from 1.18 (Mar 22) to 1.21, marking an increase of 0.03.
For Inventory Turnover Ratio (X), as of Mar 23, the value is 9.35. This value exceeds the healthy maximum of 8. It has increased from 8.61 (Mar 22) to 9.35, marking an increase of 0.74.
For Dividend Payout Ratio (NP) (%), as of Mar 23, the value is 12.01. This value is below the healthy minimum of 20. It has increased from 9.93 (Mar 22) to 12.01, marking an increase of 2.08.
For Dividend Payout Ratio (CP) (%), as of Mar 23, the value is 6.32. This value is below the healthy minimum of 20. It has increased from 3.40 (Mar 22) to 6.32, marking an increase of 2.92.
For Earning Retention Ratio (%), as of Mar 23, the value is 87.99. This value exceeds the healthy maximum of 70. It has decreased from 90.07 (Mar 22) to 87.99, marking a decrease of 2.08.
For Cash Earning Retention Ratio (%), as of Mar 23, the value is 93.68. This value exceeds the healthy maximum of 70. It has decreased from 96.60 (Mar 22) to 93.68, marking a decrease of 2.92.
For Interest Coverage Ratio (X), as of Mar 23, the value is 41.24. This value is within the healthy range. It has increased from 36.89 (Mar 22) to 41.24, marking an increase of 4.35.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 23, the value is 20.08. This value is within the healthy range. It has increased from 13.84 (Mar 22) to 20.08, marking an increase of 6.24.
For Enterprise Value (Cr.), as of Mar 23, the value is 2,557.54. It has increased from 1,830.07 (Mar 22) to 2,557.54, marking an increase of 727.47.
For EV / Net Operating Revenue (X), as of Mar 23, the value is 1.25. This value is within the healthy range. It has increased from 1.15 (Mar 22) to 1.25, marking an increase of 0.10.
For EV / EBITDA (X), as of Mar 23, the value is 13.09. This value is within the healthy range. It has decreased from 13.30 (Mar 22) to 13.09, marking a decrease of 0.21.
For MarketCap / Net Operating Revenue (X), as of Mar 23, the value is 1.24. This value is within the healthy range. It has increased from 1.14 (Mar 22) to 1.24, marking an increase of 0.10.
For Retention Ratios (%), as of Mar 23, the value is 87.98. This value exceeds the healthy maximum of 70. It has decreased from 90.06 (Mar 22) to 87.98, marking a decrease of 2.08.
For Price / BV (X), as of Mar 23, the value is 3.59. This value exceeds the healthy maximum of 3. It has increased from 2.87 (Mar 22) to 3.59, marking an increase of 0.72.
For Price / Net Operating Revenue (X), as of Mar 23, the value is 1.24. This value is within the healthy range. It has increased from 1.14 (Mar 22) to 1.24, marking an increase of 0.10.
For EarningsYield, as of Mar 23, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 22) to 0.03, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of JTEKT India Ltd as of March 12, 2025 is: ₹124.08

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 March 12, 2025, JTEKT India Ltd is Overvalued by 3.06% compared to the current share price 128.00

Intrinsic Value of JTEKT India Ltd as of March 12, 2025 is: 152.08

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 March 12, 2025, JTEKT India Ltd is Undervalued by 18.81% compared to the current share price 128.00

Last 5 Year EPS CAGR: 22.57%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 15.58, which is a positive sign. The company has higher reserves (459.77 cr) compared to borrowings (208.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.15 cr) and profit (82.31 cr) over the years.	The stock has a low average ROCE of 13.83%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 23.33, which may not be favorable.

Stock Analysis

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 JTEKT India Ltd:
1. Net Profit Margin: 4.26%
  - 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: 15.68% (Industry Average ROCE: 9.67%)
  - 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%: 11.57% (Industry Average ROE: 9.46%)
  - 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): 20.08
  - 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: 1.21
  - 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: 41.5 (Industry average Stock P/E: 26.73)
  - 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: 0.08
  - 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

JTEKT India Ltd. is a Public Limited Listed company incorporated on 14/06/1984 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L29113DL1984PLC018415 and registration number is 018415. 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. 2245.49 Cr. and Equity Capital is Rs. 25.43 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Gears & Drive	UGF-6, Indra Prakash, New Delhi Delhi 110001	investorgrievance@jtekt.co.in http://www.jtekt.co.in

Management
Name	Position Held
Mr. Hitoshi Mogi	Chairman & Managing Director
Mr. Minoru Sugisawa	Whole Time Director
Mr. Takumi Matsumoto	Director
Mr. Rajiv Chanana	Director & CFO
Mr. Inder Mohan Singh	Independent Director
Lt. Gen. (Retd.) Praveen Bakshi	Independent Director
Mrs. Hiroko Nose	Independent Director
Mr. Masahiko Morimoto	Independent Director
Mr. Hiroshi Daikoku	Independent Director
Mr. Taku Sumino	Nominee Director

FAQ

What is the latest intrinsic value of JTEKT India Ltd?

The latest intrinsic value of JTEKT India Ltd as on 08 March 2025 is ₹124.08, which is 3.06% lower than the current market price of 128.00, indicating the stock is overvalued by 3.06%. The intrinsic value of JTEKT India Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹3,257 Cr. and recorded a high/low of ₹226/106 during the current fiscal year 2024-2025. As of Sep 2023, the company has reserves of ₹710 Cr and total liabilities of ₹1,177 Cr.

What is the Market Cap of JTEKT India Ltd?

The Market Cap of JTEKT India Ltd is 3,257 Cr..

What is the current Stock Price of JTEKT India Ltd as on 08 March 2025?

The current stock price of JTEKT India Ltd as on 08 March 2025 is ₹128.

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

In FY 2024-2025, the High / Low of JTEKT India Ltd stocks is ₹226/106.

What is the Stock P/E of JTEKT India Ltd?

The Stock P/E of JTEKT India Ltd is 41.5.

What is the Book Value of JTEKT India Ltd?

The Book Value of JTEKT India Ltd is 30.0.

What is the Dividend Yield of JTEKT India Ltd?

The Dividend Yield of JTEKT India Ltd is 0.47 %.

What is the ROCE of JTEKT India Ltd?

The ROCE of JTEKT India Ltd is 15.9 %.

What is the ROE of JTEKT India Ltd?

The ROE of JTEKT India Ltd is 12.4 %.

What is the Face Value of JTEKT India Ltd?

The Face Value of JTEKT India Ltd is 1.00.