BSE:520051

Stock Analysis Report

Jamna Auto Industries

Executive Summary

Jamna Auto Industries Limited manufactures and sells tapered leafs and parabolic springs in India and internationally.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Jamna Auto Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 520051's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.6%

520051

5.4%

IN Auto Components

9.3%

IN Market


1 Year Return

-61.3%

520051

-46.0%

IN Auto Components

-29.6%

IN Market

Return vs Industry: 520051 underperformed the Indian Auto Components industry which returned -44.6% over the past year.

Return vs Market: 520051 underperformed the Indian Market which returned -30.6% over the past year.


Shareholder returns

520051IndustryMarket
7 Day-0.6%5.4%9.3%
30 Day-30.6%-32.3%-23.3%
90 Day-49.1%-39.8%-28.0%
1 Year-60.4%-61.3%-45.0%-46.0%-28.2%-29.6%
3 Year-41.7%-44.5%-44.4%-46.1%-15.8%-20.5%
5 Year7.1%-1.4%-34.8%-37.6%-4.7%-9.6%

Price Volatility Vs. Market

How volatile is Jamna Auto Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jamna Auto Industries undervalued compared to its fair value and its price relative to the market?

13.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 520051 (₹23.8) is trading above our estimate of fair value (₹14.62)

Significantly Below Fair Value: 520051 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 520051 is poor value based on its PE Ratio (13.4x) compared to the Auto Components industry average (10.1x).

PE vs Market: 520051 is poor value based on its PE Ratio (13.4x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: 520051 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 520051 is overvalued based on its PB Ratio (1.8x) compared to the IN Auto Components industry average (0.9x).


Next Steps

Future Growth

How is Jamna Auto Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 520051's forecast earnings growth (25.9% per year) is above the savings rate (6.5%).

Earnings vs Market: 520051's earnings (25.9% per year) are forecast to grow faster than the Indian market (19.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 520051's revenue (4.3% per year) is forecast to grow slower than the Indian market (8.9% per year).

High Growth Revenue: 520051's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 520051's Return on Equity is forecast to be low in 3 years time (15.6%).


Next Steps

Past Performance

How has Jamna Auto Industries performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 520051 has high quality earnings.

Growing Profit Margin: 520051's current net profit margins (4.9%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 520051's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: 520051's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 520051 had negative earnings growth (-53.4%) over the past year, making it difficult to compare to the Auto Components industry average (-20%).


Return on Equity

High ROE: 520051's Return on Equity (13.6%) is considered low.


Next Steps

Financial Health

How is Jamna Auto Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 520051's short term assets (₹3.9B) exceed its short term liabilities (₹3.3B).

Long Term Liabilities: 520051's short term assets (₹3.9B) exceed its long term liabilities (₹906.3M).


Debt to Equity History and Analysis

Debt Level: 520051's debt to equity ratio (36.1%) is considered satisfactory.

Reducing Debt: 520051's debt to equity ratio has reduced from 36.3% to 36.1% over the past 5 years.

Debt Coverage: 520051's debt is well covered by operating cash flow (143.7%).

Interest Coverage: 520051's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet

Inventory Level: 520051 has a high level of physical assets or inventory.

Debt Coverage by Assets: 520051's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

What is Jamna Auto Industries's current dividend yield, its reliability and sustainability?

3.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 520051's dividend (3.57%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: 520051's dividend (3.57%) is low compared to the top 25% of dividend payers in the Indian market (4.16%).


Stability and Growth of Payments

Stable Dividend: 520051 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 520051's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48%), 520051's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 520051's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Pradeep Jauhar (55yo)

3.83s

Tenure

₹109,335,330

Compensation

Mr. Pradeep Singh Jauhar has been Managing Director and Chief Executive Officer at Jamna Auto Industries Limited since May 20, 2016 and has been its Executive Director since March 11, 2008. Mr. Jauhar serv ...


CEO Compensation Analysis

Compensation vs Market: Pradeep's total compensation ($USD1.45M) is above average for companies of similar size in the Indian market ($USD48.16K).

Compensation vs Earnings: Pradeep's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Pradeep Jauhar
MD, CEO & Executive Director3.83yrs₹109.34m5.4% 516.5m
Randeep Jauhar
Vice Chairman 3.83yrs₹108.02m5.21% 498.0m
Surinder Pal Kohli
Executive Director2yrs₹3.90mno data
Shakti Goyal
Chief Financial Officerno datano datano data
Praveen Lakhera
Head of Legalno data₹4.19mno data
Jatinder Pushkarna
Head of After Market Exports & HR2.17yrsno datano data
Sunil Laroiya
President of International Business and Head R&Dno datano datano data
Ashok Goyal
Unit Head of Malanpur & Hosur Plantno datano datano data
Sudheer Chandele
Head of Manufacturing - Jamshedpur Plantno datano datano data
Sudhanshu Kulshrestha
Head Marketing of OEM-India & Strategic Sourcing3yrsno datano data

2.6yrs

Average Tenure

Experienced Management: 520051's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pradeep Jauhar
MD, CEO & Executive Director3.83yrs₹109.34m5.4% 516.5m
Randeep Jauhar
Vice Chairman 3.83yrs₹108.02m5.21% 498.0m
Surinder Pal Kohli
Executive Director2yrs₹3.90mno data
Bhupinder Jauhar
Chairman12yrsno data1.78% 170.5m
Jainender Jain
Independent Director8.17yrsno datano data
Uma Singhal
Independent Director14.17yrsno datano data
Shashi Bansal
Independent Director11.67yrsno datano data
Rakesh Kalra
Independent Director5yrsno data0.00025% 23.9k
Taru Bahl
Women Independent Director0.17yrno datano data

8.2yrs

Average Tenure

73.5yo

Average Age

Experienced Board: 520051's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jamna Auto Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jamna Auto Industries Limited
  • Ticker: 520051
  • Exchange: BSE
  • Founded: 1954
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹9.563b
  • Shares outstanding: 398.46m
  • Website: https://www.jaispring.com

Location

  • Jamna Auto Industries Limited
  • 2, Park Lane
  • Kishangarh
  • New Delhi
  • Delhi
  • 110070
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
520051BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
JAMNAAUTONSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

Jamna Auto Industries Limited manufactures and sells tapered leafs and parabolic springs in India and internationally. It offers tapered multileaf springs that are used in commercial vehicles and special application vehicles. The company also provides rear air suspensions used in city and intercity buses; steerable/non steerable lift axles; and bogie suspensions that are used in on-off highway applications. Jamna Auto Industries Limited was founded in 1954 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 12:45
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.