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5200

JTEKT India BSE:520057 Stock Report

Last Price

₹96.10

Market Cap

₹23.5b

7D

-3.9%

1Y

-9.8%

Updated

25 Sep, 2022

Data

Company Financials +
520057 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

520057 Stock Overview

JTEKT India Limited manufactures and sells steering systems and other auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India.

JTEKT India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JTEKT India
Historical stock prices
Current Share Price₹96.10
52 Week High₹113.45
52 Week Low₹66.15
Beta1.04
1 Month Change4.97%
3 Month Change11.42%
1 Year Change-9.77%
3 Year Change11.36%
5 Year Change-7.60%
Change since IPO945.99%

Recent News & Updates

Shareholder Returns

520057IN Auto ComponentsIN Market
7D-3.9%-1.4%-1.1%
1Y-9.8%-0.04%0.5%

Return vs Industry: 520057 underperformed the Indian Auto Components industry which returned -0% over the past year.

Return vs Market: 520057 underperformed the Indian Market which returned 0.5% over the past year.

Price Volatility

Is 520057's price volatile compared to industry and market?
520057 volatility
520057 Average Weekly Movement5.3%
Auto Components Industry Average Movement5.6%
Market Average Movement5.8%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.7%

Stable Share Price: 520057 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 520057's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,719Hitoshi Mogihttps://www.jtekt.co.in

JTEKT India Limited manufactures and sells steering systems and other auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. The company offers steering gears, columns and RPS assemblies, axle assemblies, and other auto ancillaries. It also exports its precision products to the United States, Europe, and Japan.

JTEKT India Fundamentals Summary

How do JTEKT India's earnings and revenue compare to its market cap?
520057 fundamental statistics
Market Cap₹23.49b
Earnings (TTM)₹522.53m
Revenue (TTM)₹17.40b

45.0x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
520057 income statement (TTM)
Revenue₹17.40b
Cost of Revenue₹12.39b
Gross Profit₹5.00b
Other Expenses₹4.48b
Earnings₹522.53m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.14
Gross Margin28.75%
Net Profit Margin3.00%
Debt/Equity Ratio10.7%

How did 520057 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

19%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 520057 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 520057?

Other financial metrics that can be useful for relative valuation.

520057 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA17.6x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 520057's PE Ratio compare to its peers?

520057 PE Ratio vs Peers
The above table shows the PE ratio for 520057 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.7x
517168 Subros
73.4xn/a₹23.9b
505714 Gabriel India
20.5xn/a₹22.6b
540293 Pricol
30.7x31.9%₹21.4b
505010 Automotive Axles
30.1xn/a₹29.9b
520057 JTEKT India
45x41.2%₹23.5b

Price-To-Earnings vs Peers: 520057 is expensive based on its Price-To-Earnings Ratio (45x) compared to the peer average (38.7x).


Price to Earnings Ratio vs Industry

How does 520057's PE Ratio compare vs other companies in the IN Auto Components Industry?

Price-To-Earnings vs Industry: 520057 is expensive based on its Price-To-Earnings Ratio (45x) compared to the Indian Auto Components industry average (22.7x)


Price to Earnings Ratio vs Fair Ratio

What is 520057's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

520057 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45x
Fair PE Ratio32.2x

Price-To-Earnings vs Fair Ratio: 520057 is expensive based on its Price-To-Earnings Ratio (45x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).


Share Price vs Fair Value

What is the Fair Price of 520057 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 520057 (₹96.1) is trading above our estimate of fair value (₹93.45)

Significantly Below Fair Value: 520057 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is JTEKT India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 520057's forecast earnings growth (41.2% per year) is above the savings rate (6.8%).

Earnings vs Market: 520057's earnings (41.2% per year) are forecast to grow faster than the Indian market (18.6% per year).

High Growth Earnings: 520057's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 520057's revenue (9.7% per year) is forecast to grow slower than the Indian market (10.4% per year).

High Growth Revenue: 520057's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 520057's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has JTEKT India performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-15.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 520057 has high quality earnings.

Growing Profit Margin: 520057's current net profit margins (3%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: 520057's earnings have declined by 15% per year over the past 5 years.

Accelerating Growth: 520057's earnings growth over the past year (8.9%) exceeds its 5-year average (-15% per year).

Earnings vs Industry: 520057 earnings growth over the past year (8.9%) underperformed the Auto Components industry 15%.


Return on Equity

High ROE: 520057's Return on Equity (8.7%) is considered low.


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Financial Health

How is JTEKT India's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 520057's short term assets (₹4.8B) exceed its short term liabilities (₹2.9B).

Long Term Liabilities: 520057's short term assets (₹4.8B) exceed its long term liabilities (₹499.1M).


Debt to Equity History and Analysis

Debt Level: 520057 has more cash than its total debt.

Reducing Debt: 520057's debt to equity ratio has reduced from 55.6% to 10.7% over the past 5 years.

Debt Coverage: 520057's debt is well covered by operating cash flow (151.5%).

Interest Coverage: 520057 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is JTEKT India current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.42%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 520057's dividend (0.42%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 520057's dividend (0.42%) is low compared to the top 25% of dividend payers in the Indian market (1.6%).


Stability and Growth of Payments

Stable Dividend: 520057's dividend payments have been volatile in the past 10 years.

Growing Dividend: 520057's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.7%), 520057's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 520057 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.1yrs

Average board tenure


CEO

Hitoshi Mogi (57 yo)

2yrs

Tenure

₹8,546,496

Compensation

Mr. Hitoshi Mogi serves as Additional Non-Executive Director at JTEKT India Limited since May 16, 2020. He is Managing Director of JTEKT India Limited since September 24, 2020. He is Executive Chairman of...


CEO Compensation Analysis

Compensation vs Market: Hitoshi's total compensation ($USD105.35K) is below average for companies of similar size in the Indian market ($USD220.07K).

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


Board Members

Experienced Board: 520057's board of directors are considered experienced (4.1 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

BSE:520057 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Jun 22Sell₹188,440,843JTEKT CorporationCompany2,500,000₹76.60

Ownership Breakdown

What is the ownership structure of 520057?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,161,5121.3%
State or Government4,518,1431.8%
Institutions15,311,9066.3%
General Public40,628,91116.6%
Public Companies180,859,99774.0%

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


Top Shareholders

Top 8 shareholders own 77.56% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
68.33%
JTEKT Corporation
167,059,997₹16.1b-1.47%no data
5.64%
Suzuki Motor Corporation
13,800,000₹1.3b0%no data
1.85%
Investor Education and Protection Fund (IEPF)
4,518,143₹434.2m-0.84%no data
1.29%
Mukul Agrawal
3,158,510₹303.5m0%no data
0.25%
Dimensional Fund Advisors LP
605,585₹58.2m1.98%no data
0.19%
BOI AXA Investment Managers Private Limited
464,986₹44.7m28.59%0.2%
0.0012%
Rajiv Chanana
3,000₹288.3k0%no data
0%
Akihiko Kawano
2₹192.20%no data

Company Information

JTEKT India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: JTEKT India Limited
  • Ticker: 520057
  • Exchange: BSE
  • Founded: 1984
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₹23.495b
  • Shares outstanding: 244.48m
  • Website: https://www.jtekt.co.in

Number of Employees


Location

  • JTEKT India Limited
  • M3M Cosmopolitan
  • 1st Floor, Sector - 66
  • Gurugram
  • Haryana
  • 122002
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
520057BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 1994
JTEKTINDIANSEI (National Stock Exchange of India)YesEquity SharesININRJul 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.