Jamna Auto Industries Ltd logo

Jamna Auto Industries Ltd

JAMNAAUTO NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹5,023 Cr
Volatility
Moderate
P/E Ratio
21.45
EBITDA
₹384 Cr
Return on Equity
18.16%
Debt to Equity
0.01
Book Value
₹28.68
EPS
₹5.15
52W High
₹152.6
52W Low
₹88.42

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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37 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Growth Rate

Revenue Growth
14.74% ↗
Net Income Growth
25.06% ↗
Cash Flow Change
221.07% ↗
ROE
-20.14% ↗
ROCE
-17.70% ↗
EBITDA Margin (Avg.)
8.44% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 11d ago
AI opinion · based on fundamentals
Risk medium

Jamna Auto Industries is India's largest manufacturer of leaf springs for commercial vehicles with a dominant 62-65% OEM market share and near-monopoly 95% share in parabolic springs. The company trades at a PE of 22.6x with a market cap of ₹5,320 crore, is virtually debt-free, and has maintained a consistent ROE of 22% over 3, 5, and 10-year periods. However, FY2025 saw revenue decline of ~6.5% and profit decline of ~12% due to a 1.2% de-growth in the commercial vehicle segment.

Bull Case 8
  • Dominant market position with 62-65% share in India's CV OEM leaf spring market and 95% share in the higher-value parabolic spring segment, creating a near-monopoly moat
  • Virtually debt-free balance sheet providing financial flexibility and resilience through CV industry cycles
  • Consistent ROE of 22% maintained across 3-year, 5-year, and 10-year periods, indicating disciplined capital allocation
  • TTM profit growth of 31% signals a strong recovery from the FY2025 CV downturn, with Q4 FY26 net profit jumping 73.5% YoY to ₹87.3 crore
  • Compounded profit CAGR of 27% over 5 years demonstrates sustained earnings power through industry cycles
  • Manufacturing scale with 10 plants across India and capacity exceeding 300,000 metric tonnes annually, with 410+ spring models for OEMs
  • Promoter holding remains high at ~49.9%, reflecting insider confidence in long-term business prospects
  • Stock has delivered 42% returns over the past 1 year, outperforming broader markets as CV cycle recovery expectations build
Bear Case 8
  • FY2025 revenue declined ~6.5% YoY to ₹2,270 crore and net profit fell ~12% to ₹180 crore, highlighting vulnerability to CV cycle downturns
  • Highly cyclical business entirely dependent on commercial vehicle production volumes — the CV segment saw 1.2% de-growth in FY2024-25
  • PE of 22.6x is elevated for a cyclical auto-component company, leaving limited margin of safety if the CV recovery stalls
  • Dividend yield of only 0.77% offers minimal income cushion during potential periods of stock price stagnation
  • Institutional holding at only ~7% suggests limited interest from large institutional investors who could provide price support
  • Compounded sales CAGR of only 4% over 3 years indicates revenue growth has been inconsistent despite the dominant market share
  • Concentration risk — over-reliance on a single product category (leaf springs) for CVs limits diversification, with air suspensions and newer products still a small proportion of revenue
  • 10-year stock CAGR of 13% and 3-year CAGR of only 5% suggest extended periods of muted returns are possible despite business quality

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 9d ago
Positives 1
  • UK acquisition for global expansion Jul 27

    Board approved £2m cash acquisition of Owen Springs Limited (revenue £2,761k, PAT £132k for year ended Dec 2025), expected to close by Aug 31, 2026, advancing the Lakshya – RISE 5000 strategy.

Neutral 1
  • Small-scale overseas deal approved Jul 27

    Owen Springs manufactures leaf and parabolic springs in England and Wales; the £2m deal is modest relative to Jamna's operations but signals intent to build global presence.

TL;DR: Jamna Auto is pursuing inorganic growth internationally with a small but strategic UK acquisition aligned to its RISE 5000 roadmap. No headwinds emerged in this period. The move signals management confidence in expanding beyond India, though the deal's financial impact is minimal given its size. Trend is mildly positive as the company executes on its stated globalization strategy.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
575
607
604
640
557
513
562
638
573
531
668
840
611
Expenses
502
528
518
551
482
447
485
554
497
462
554
703
526
Operating Profit
73
79
86
89
75
66
77
84
76
69
114
137
85
OPM %
13%
13%
14%
14%
13%
13%
14%
13%
13%
13%
17%
16%
14%
Other Income
1
1
1
1
2
1
1
2
2
3
-9
1
3
Interest
0
1
1
1
1
1
1
2
1
3
5
5
4
Depreciation
11
11
12
10
11
11
14
11
13
13
17
17
18
PBT
63
69
74
78
65
56
63
72
64
56
83
116
66
Tax %
27%
27%
26%
30%
28%
29%
31%
30%
29%
29%
30%
25%
26%
Net Profit
46
50
55
55
46
40
44
50
46
40
58
87
49
EPS in Rs
1.14
1.26
1.38
1.37
1.16
1
1.1
1.26
1.15
1
1.46
2.18
1.21
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,095
1,256
1,292
1,738
2,135
1,129
1,079
1,718
2,325
2,427
2,270
2,612
2,650
Expenses
1,001
1,092
1,091
1,499
1,856
1,013
945
1,491
2,063
2,097
1,965
2,216
2,245
Operating Profit
95
164
201
239
279
116
134
227
262
329
305
396
405
OPM %
9%
13%
16%
14%
13%
10%
12%
13%
11%
14%
13%
15%
15%
Other Income
2
7
6
9
11
15
10
5
12
3
3
-2
-2
Interest
18
20
14
20
28
18
7
4
3
5
5
13
17
Depreciation
31
45
48
41
46
41
36
37
41
44
47
61
66
PBT
47
105
145
186
216
72
101
191
229
283
256
320
321
Tax %
38%
32%
28%
33%
36%
33%
28%
26%
27%
27%
30%
28%
—
Net Profit
29
72
105
125
137
48
73
141
168
205
180
231
234
EPS in Rs
0.74
1.8
2.63
3.14
3.45
1.2
1.83
3.53
4.22
5.15
4.52
5.78
5.85
Div. Payout %
30%
31%
27%
27%
28%
33%
41%
42%
45%
47%
46%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
40
40
40
40
40
40
40
40
40
40
40
40
Reserves
157
203
293
384
470
477
540
645
744
863
953
1,107
Borrowings
64
16
73
63
4
152
125
191
30
293
358
12
Other Liabilities
234
225
155
303
554
121
292
317
226
154
174
489
Total Liabilities
495
484
561
789
1,067
790
998
1,193
1,040
1,350
1,525
1,648
Fixed Assets
242
211
281
301
373
369
351
436
434
468
504
849
CWIP
8
65
20
31
40
132
134
53
56
121
275
108
Investments
0
0
0
0
0
0
0
0
0
0
3
0
Other Assets
245
207
259
457
655
289
512
703
550
761
742
692
Total Assets
495
484
561
789
1,067
790
998
1,193
1,040
1,350
1,525
1,648
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
98
138
81
126
281
-1
100
1
374
90
289
510
Investing
-22
-75
-83
-72
-130
-97
-18
-36
-88
-160
-189
-245
Financing
-78
-66
6
-57
-139
80
-45
20
-257
92
-34
-302
Net Cash Flow
-2
-3
4
-2
12
-19
37
-15
28
22
66
-37
Free Cash Flow
75
70
-6
51
151
-101
82
-36
286
-73
103
261
CFO/OP
115
96
69
79
129
18
95
24
164
51
120
153
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
11
10
40
52
26
58
61
10
28
25
11
Inventory Days
54
49
53
53
61
67
116
102
77
84
82
74
Days Payable
91
61
37
68
117
19
102
66
15
15
19
48
Cash Conversion Cycle
-18
0
26
25
-4
73
71
97
71
97
88
37
Working Capital Days
-19
-19
-4
19
7
18
21
38
31
25
6
5
ROCE %
23%
49%
48%
46%
49%
15%
16%
25%
28%
29%
21%
27%

Shareholding Pattern

As of Jun 2026
Promoters 49.84%
Public 30.98%
FIIs 9.01%
Others 6.26%
DIIs 3.91%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
50.00%
50.00%
50.00%
50.00%
49.98%
49.98%
49.98%
49.98%
49.95%
49.95%
49.95%
49.95%
49.94%
49.94%
49.94%
49.94%
49.94%
49.94%
49.94%
49.93%
49.84%
49.84%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.71%
7.67%
8.96%
5.39%
4.25%
2.76%
2.04%
2.36%
5.20%
9.25%
9.01%
DIIs
8.70%
9.84%
11.50%
12.74%
13.40%
13.60%
12.90%
14.46%
15.15%
14.08%
11.89%
10.76%
7.14%
6.27%
5.28%
4.41%
5.62%
6.28%
7.03%
8.08%
4.83%
3.91%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
29.62%
27.46%
26.11%
25.58%
26.25%
24.75%
24.77%
24.54%
24.18%
26.90%
27.04%
28.67%
30.00%
30.17%
32.94%
35.11%
34.93%
35.27%
34.60%
30.77%
29.90%
30.98%
Others
11.67%
12.70%
12.39%
11.68%
10.37%
11.67%
12.35%
11.01%
10.72%
9.07%
11.11%
4.91%
5.24%
4.65%
6.45%
6.28%
6.75%
6.47%
6.07%
6.02%
6.17%
6.26%
No. of Shareholders
1,09,436
1,15,125
1,09,724
1,08,128
1,20,270
1,18,456
1,32,476
1,28,742
1,24,140
1,40,158
1,61,439
1,74,252
2,44,205
2,43,453
2,46,121
2,56,437
2,58,992
2,56,184
2,55,875
2,26,246
2,10,292
2,13,619

Documents

1
Concall - Mar 2018 Mar 2018
2
Concall - May 2018 May 2018
3
Concall - Aug 2018 Aug 2018
4
Concall - Aug 2018 Aug 2018
5
Concall - Nov 2018 Nov 2018

Frequently Asked Questions about Jamna Auto Industries Ltd

What does Jamna Auto Industries Ltd do?
Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.[1]
Where is Jamna Auto Industries Ltd (JAMNAAUTO) listed?
Jamna Auto Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: JAMNAAUTO and BSE: 520051. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jamna Auto Industries Ltd belong to?
Jamna Auto Industries Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jamna Auto Industries Ltd?
Jamna Auto Industries Ltd has a market capitalisation of approximately ₹5022.92 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jamna Auto Industries Ltd?
The Price-to-Earnings (PE) ratio of Jamna Auto Industries Ltd is 21.45. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jamna Auto Industries Ltd?
Over the past 52 weeks, Jamna Auto Industries Ltd has traded between a low of ₹88.42 and a high of ₹152.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does Jamna Auto Industries Ltd pay dividends?
Yes, Jamna Auto Industries Ltd has a dividend yield of 0.78%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Jamna Auto Industries Ltd?
Jamna Auto Industries Ltd has a Return on Equity (ROE) of 18.16%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jamna Auto Industries Ltd on Tapetide?
On Tapetide, you can view Jamna Auto Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.[1]

Website jaispring.com
CEO Mr. Randeep Singh Jauhar
Employees 1,051
Listed 2010-12-10
Face Value ₹ 1
Issued Size 39,89,79,885

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