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Last Updated on: 23 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of JTEKT India Ltd

About the Company - JTEKT India Ltd

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. 1610.50 Cr. and Equity Capital is Rs. 24.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Gears & DriveUGF-6, Indra Prakash, New Delhi Delhi 110001investorgrievance@jtekt.co.in
http://www.jtekt.co.in
Management
NamePosition Held
Mr. Hitoshi MogiChairman & Managing Director
Mr. Rajiv ChananaDirector & CFO
Mr. Satoshi KomedaDirector - Operations
Mr. Takumi MatsumotoDirector
Mr. Hidehito ArakiIndependent Director
Mrs. Hiroko NoseIndependent Director
Lt. Gen. (Retd.) Praveen BakshiIndependent Director
Mr. Inder Mohan SinghIndependent Director
Mr. Masahiko MorimotoIndependent Director
Mr. Taku SuminoNominee Director

JTEKT India Ltd. Share Price Update

Share PriceValue
Today₹145.15
Previous Day₹154.60

Basic Stock Data of JTEKT India Ltd

Market Cap 3,698 Cr.
Current Price 151
High / Low182/95.2
Stock P/E47.1
Book Value 30.0
Dividend Yield0.34 %
ROCE15.9 %
ROE12.4 %
Face Value 1.00

Data Source: screener.in

JTEKT India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales355432470321385413470472571471530478584
Expenses321388414303355376428432513433480443524
Operating Profit34445618303742405838503460
OPM %9%10%12%6%8%9%9%8%10%8%10%7%10%
Other Income111132-3-1222112
Interest1111111111111
Depreciation22212019181717171819191920
Profit before tax122336-1142121214120322542
Tax %27%28%26%6%26%26%27%26%27%23%18%25%27%
Net Profit91727-1111615163015261930
EPS in Rs0.330.651.04-0.050.390.590.580.581.140.591.030.701.11

JTEKT India Ltd Quarterly Chart

JTEKT India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4211,4601,4921,5531,5181,2111,5191,7541,5111,3331,5892,0442,063
Expenses1,2461,2951,3131,3371,3241,0631,3061,5321,3741,2301,4611,8571,879
Operating Profit175165179216194148213222137103127187183
OPM %12%11%12%14%13%12%14%13%9%8%8%9%9%
Other Income393951612912953517
Interest4641393132252116105455
Depreciation465868104997996969383717377
Profit before tax8674111867956104122432156114118
Tax %30%35%22%31%32%28%34%36%18%33%27%24%
Net Profit60488658544068783514418790
EPS in Rs2.451.923.411.911.861.863.212.981.240.481.513.333.43
Dividend Payout %27%34%23%34%27%27%16%27%28%31%26%15%

JTEKT India Ltd Profit & Loss Yearly Chart

JTEKT India Ltd 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:23%
5 Years:9%
3 Years:19%
1 Year:35%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:7%
Last Year:12%

JTEKT India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20202020202020242424242424
Reserves219242289304327363525568571574607678710
Borrowings3584103412923072492321887849716269
Other Liabilities357376389398397248274302217286297315374
Total Liabilities9531,0481,0391,0131,0528801,0511,0838909331,0001,0801,177
Fixed Assets546609602584600477549533487425399481499
CWIP4632756340232510310972542
Investments30301111030000000
Other Assets331377361365411278476541401498505574636
Total Assets9531,0481,0391,0131,0528801,0511,0838909331,0001,0801,177

JTEKT India Ltd Reserves and Borrowings Chart

JTEKT India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 181991631991311621781841259110895
Cash from Investing Activity -139-96-42-81-79-64-11816-34-40-126-84
Cash from Financing Activity -42-13-122-102-35-100-55-85-153-4414-28
Net Cash Flow-0-10-01518-25115-617-4-17

JTEKT India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days455751445247625647705650
Inventory Days222933353639393641524849
Days Payable746969687177686652816556
Cash Conversion Cycle-7171512178332637413843
Working Capital Days-71-318-1222030423440
ROCE %21%17%16%16%14%12%17%17%7%4%9%16%

JTEKT India Ltd Financial Efficiency Indicators Chart

JTEKT India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
Promoters75.00%75.00%75.00%75.00%73.98%73.97%73.97%73.97%73.97%73.97%73.97%74.98%
FIIs4.69%4.53%4.58%4.59%4.58%3.99%3.95%3.84%0.32%0.41%0.52%0.46%
DIIs3.19%3.50%3.55%3.24%4.52%4.48%4.45%4.55%7.68%8.50%9.24%8.74%
Public17.12%16.97%16.87%17.17%16.92%17.55%17.62%17.63%18.04%17.12%16.27%15.83%
No. of Shareholders49,80648,89448,11448,24346,68644,19143,76743,80141,94441,98341,80841,603

JTEKT India Ltd Shareholding Pattern Chart

No. of JTEKT India Ltd Shareholders

JTEKT India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund144291320.53199.63
Baroda BNP Paribas India Consumption Fund10636701.4114.72
Baroda BNP Paribas Midcap Fund9140000.8612.65
Baroda BNP Paribas Value Fund8790000.8212.16
Bank of India Tax Advantage Fund8650001.3911.97
Bank of India Tax Advantage Fund - Eco Plan8650001.3911.97
Bank of India Small Cap Fund5400001.037.47
Baroda BNP Paribas Aggressive Hybrid Fund4770000.796.6
Baroda BNP Paribas Business Cycle Fund3151621.194.36
Motilal Oswal Nifty Microcap 250 Index Fund581880.170.81

JTEKT India Ltd ROCE Trend

JTEKT India Ltd EPS Trend

JTEKT India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.331.510.481.242.98
Diluted EPS (Rs.)3.331.510.481.242.98
Cash EPS (Rs.)6.564.583.955.237.13
Book Value[Excl.RevalReserv]/Share (Rs.)30.0127.0525.5425.4325.25
Book Value[Incl.RevalReserv]/Share (Rs.)30.0127.0525.5425.4325.25
Revenue From Operations / Share (Rs.)83.6064.9954.5261.7971.74
PBDIT / Share (Rs.)7.995.634.425.969.54
PBIT / Share (Rs.)5.002.731.032.165.62
PBT / Share (Rs.)4.672.300.831.764.98
Net Profit / Share (Rs.)3.561.680.551.443.20
NP After MI And SOA / Share (Rs.)3.331.510.471.242.98
PBDIT Margin (%)9.558.658.119.6413.30
PBIT Margin (%)5.974.191.893.507.83
PBT Margin (%)5.583.531.532.846.94
Net Profit Margin (%)4.262.581.022.324.46
NP After MI And SOA Margin (%)3.982.320.872.004.14
Return on Networth / Equity (%)11.575.841.955.0812.26
Return on Capital Employeed (%)15.689.373.848.0920.05
Return On Assets (%)7.573.691.253.396.71
Long Term Debt / Equity (X)0.040.050.020.020.08
Total Debt / Equity (X)0.080.100.050.080.22
Asset Turnover Ratio (%)2.061.711.521.601.70
Current Ratio (X)1.841.681.731.641.33
Quick Ratio (X)1.211.181.261.151.05
Inventory Turnover Ratio (X)9.358.618.049.5411.48
Dividend Payout Ratio (NP) (%)12.019.9372.9764.6325.58
Dividend Payout Ratio (CP) (%)6.323.409.0315.8911.03
Earning Retention Ratio (%)87.9990.0727.0335.3774.42
Cash Earning Retention Ratio (%)93.6896.6090.9784.1188.97
Interest Coverage Ratio (X)41.2436.8922.9014.6615.00
Interest Coverage Ratio (Post Tax) (X)20.0813.843.904.546.03
Enterprise Value (Cr.)2557.541830.072044.73995.252720.15
EV / Net Operating Revenue (X)1.251.151.530.651.55
EV / EBITDA (X)13.0913.3018.906.8311.66
MarketCap / Net Operating Revenue (X)1.241.141.540.641.53
Retention Ratios (%)87.9890.0627.0235.3674.41
Price / BV (X)3.592.873.441.654.53
Price / Net Operating Revenue (X)1.241.141.540.641.53
EarningsYield0.030.020.010.030.02

JTEKT India Ltd Profitability Ratios (%)

JTEKT India Ltd Liquidity Ratios

JTEKT India Ltd Liquidity Ratios (%)

JTEKT India Ltd Interest Coverage Ratios (%)

JTEKT India Ltd Valuation Ratios

Fair Value of JTEKT India Ltd Stock

Fair Value: ₹175.81

The stock is undervalued by 16.43% compared to the current price ₹151

*Investments are subject to market risks

Strength and Weakness of JTEKT India Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 15.58, which is a positive sign.
  2. The company has higher reserves (459.77 cr) compared to borrowings (208.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.15 cr) and profit (82.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.31 and average Dividend Yield of 4.68%.
  2. The stock has a low average ROCE of 13.83%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 23.33, which may not be favorable.

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 JTEKT India 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