JBM Auto Ltd
JBM Auto Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 35.3% CAGR over last 5 years
Weaknesses
3- Stock is trading at 9.55 times its book value
- Company has low interest coverage ratio.
- Debtor days have increased from 82.4 to 131 days.
Growth Rate
AI Analysis — Bull vs Bear
JBM Auto Ltd trades at a market cap of ₹15,013 Cr with a PE of 61x and PB of 9.66x, reflecting premium valuations. The company has delivered strong 5-year profit CAGR of 35% and sales CAGR of 25%, but faces concerns around rising debtor days (131 days) and low interest coverage.
- Strong 5-year compounded profit growth of 35% CAGR demonstrates sustained earnings momentum
- 5-year compounded sales growth of 25% CAGR indicates robust revenue expansion well above industry averages
- Consistent ROE of 16% over 1-year, 3-year, and 5-year periods shows stable return generation for shareholders
- TTM sales growth of 12% suggests continued top-line traction in the current period
- TTM profit growth of 12% indicates the company continues to grow earnings in the near term
- 10-year stock CAGR of 36% reflects long-term wealth creation track record
- 5-year stock CAGR of 46% demonstrates significant market re-rating over the medium term
- 10-year compounded profit growth of 16% shows the company has sustained profitability over a full business cycle
- PE ratio of 61x is significantly elevated, leaving little margin of safety if growth slows
- Price-to-book of 9.66x is extremely high, indicating the stock prices in substantial future growth expectations
- Debtor days have increased from 82.4 to 131 days, signaling deteriorating working capital efficiency and potential collection risk
- Low interest coverage ratio suggests the company's operating profits may not comfortably service its debt obligations
- 1-year stock CAGR of just 3% and 3-year CAGR of -1% indicate recent price stagnation despite earnings growth
- Dividend yield of only 0.14% offers negligible income return to shareholders at current valuations
- TTM profit growth has decelerated to 12% from the 5-year CAGR of 35%, suggesting potential growth moderation
- TTM sales growth of 12% is notably lower than the 5-year CAGR of 25%, indicating a possible slowdown in revenue momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit up 16% YoY Jul 30
Consolidated net profit rose 15.96% YoY to ₹42.43 crore in Q1FY27, with revenue up 15.04% to ₹1,442.45 crore.
- EV segment leads growth Jul 30
EV segment revenue grew 16.67% with approximately 25% market share, driving overall company performance.
- ₹750 crore investment secured Jul 30
Motilal Oswal invested ₹750 crore to support e-bus scaling, strengthening the company's EV expansion plans.
- Long-term debt cut ₹500 crore Jul 30
JBM Auto reduced long-term debt by ₹500 crore, improving its balance sheet and financial flexibility.
- Steady quarterly earnings reported Jul 30
Q1FY27 results show consistent double-digit growth across revenue and profit without any exceptional or one-off items.
TL;DR: JBM Auto delivered a solid Q1FY27 with double-digit growth in both revenue and profit, led by its EV segment which now commands ~25% market share. The balance sheet is strengthening with ₹500 crore in debt reduction and fresh ₹750 crore investment for e-bus scaling. No visible headwinds emerged this quarter. The trend is improving with EV momentum and deleveraging providing a constructive outlook.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 946 | 1,231 | 1,346 | 1,486 | 1,144 | 1,286 | 1,396 | 1,646 | 1,254 | 1,368 | 1,614 | 1,852 | 1,442 |
| Expenses | 833 | 1,091 | 1,190 | 1,314 | 1,014 | 1,128 | 1,228 | 1,461 | 1,134 | 1,218 | 1,441 | 1,623 | 1,287 |
| Operating Profit | 114 | 140 | 157 | 172 | 130 | 158 | 168 | 185 | 120 | 150 | 173 | 229 | 155 |
| OPM % | 12% | 11% | 12% | 12% | 11% | 12% | 12% | 11% | 10% | 11% | 11% | 12% | 11% |
| Other Income | 4 | 10 | 6 | 12 | 9 | 10 | 18 | 17 | 40 | 39 | 21 | 30 | 31 |
| Interest | 39 | 48 | 54 | 55 | 52 | 60 | 68 | 67 | 66 | 70 | 74 | 108 | 83 |
| Depreciation | 40 | 41 | 43 | 48 | 43 | 43 | 44 | 44 | 44 | 44 | 42 | 43 | 44 |
| PBT | 38 | 60 | 66 | 82 | 45 | 65 | 73 | 90 | 51 | 74 | 77 | 108 | 60 |
| Tax % | 21% | 19% | 21% | 23% | 26% | 19% | 22% | 20% | 23% | 26% | 23% | 22% | 26% |
| Net Profit | 30 | 49 | 52 | 62 | 34 | 53 | 56 | 72 | 39 | 55 | 60 | 84 | 44 |
| EPS in Rs | 1.28 | 1.87 | 2.06 | 2.36 | 1.41 | 2.09 | 2.23 | 2.81 | 1.56 | 2.23 | 2.33 | 3.14 | 1.78 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,557 | 1,518 | 1,501 | 1,633 | 2,207 | 1,947 | 1,982 | 3,193 | 3,857 | 5,009 | 5,472 | 6,088 | 6,277 |
| Expenses | 1,366 | 1,328 | 1,336 | 1,429 | 1,949 | 1,717 | 1,784 | 2,860 | 3,459 | 4,425 | 4,830 | 5,415 | 5,569 |
| Operating Profit | 191 | 190 | 165 | 204 | 258 | 230 | 198 | 333 | 398 | 584 | 642 | 673 | 708 |
| OPM % | 12% | 13% | 11% | 12% | 12% | 12% | 10% | 10% | 10% | 12% | 12% | 11% | 11% |
| Other Income | 6 | 6 | 35 | 24 | 27 | 16 | 12 | 21 | 27 | 30 | 52 | 129 | 121 |
| Interest | 35 | 53 | 53 | 49 | 59 | 64 | 55 | 76 | 126 | 197 | 247 | 318 | 335 |
| Depreciation | 40 | 59 | 50 | 56 | 75 | 74 | 76 | 91 | 130 | 171 | 175 | 174 | 174 |
| PBT | 122 | 85 | 97 | 124 | 150 | 108 | 78 | 187 | 170 | 246 | 273 | 310 | 320 |
| Tax % | 24% | 26% | 26% | 34% | 35% | 36% | 37% | 16% | 26% | 21% | 21% | 23% | — |
| Net Profit | 93 | 63 | 72 | 81 | 98 | 69 | 49 | 156 | 125 | 194 | 215 | 238 | 243 |
| EPS in Rs | 3.75 | 2.57 | 3.53 | 3.45 | 4.81 | 2.93 | 2.08 | 6.6 | 5.26 | 7.56 | 8.54 | 9.25 | 9.48 |
| Div. Payout % | 13% | 14% | 11% | 12% | 9% | 12% | 14% | 8% | 12% | 10% | 10% | 9% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 280 | 323 | 336 | 397 | 625 | 680 | 722 | 873 | 1,006 | 1,144 | 1,327 | 1,515 |
| Borrowings | 502 | 536 | 522 | 573 | 781 | 627 | 845 | 1,388 | 1,703 | 2,127 | 2,630 | 3,029 |
| Other Liabilities | 451 | 639 | 471 | 445 | 580 | 678 | 873 | 944 | 807 | 1,570 | 1,869 | 2,802 |
| Total Liabilities | 1,254 | 1,519 | 1,350 | 1,435 | 2,006 | 2,009 | 2,464 | 3,229 | 3,540 | 4,865 | 5,850 | 7,370 |
| Fixed Assets | 692 | 711 | 583 | 558 | 834 | 861 | 930 | 1,213 | 1,540 | 1,729 | 1,720 | 1,620 |
| CWIP | 12 | 27 | 35 | 63 | 70 | 90 | 300 | 180 | 268 | 131 | 73 | 158 |
| Investments | 16 | 16 | 76 | 91 | 48 | 54 | 54 | 49 | 74 | 79 | 94 | 409 |
| Other Assets | 534 | 764 | 656 | 723 | 1,054 | 1,004 | 1,179 | 1,788 | 1,657 | 2,926 | 3,962 | 5,183 |
| Total Assets | 1,254 | 1,519 | 1,350 | 1,435 | 2,006 | 2,009 | 2,464 | 3,229 | 3,540 | 4,865 | 5,850 | 7,370 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 66 | 145 | 119 | 69 | 152 | 370 | 216 | -142 | 484 | 205 | 394 | -60 |
| Investing | -200 | -116 | -65 | -61 | -190 | -123 | -363 | -295 | -646 | -443 | -556 | -258 |
| Financing | 138 | -34 | -57 | -8 | 46 | -236 | 140 | 454 | 159 | 248 | 224 | 314 |
| Net Cash Flow | 4 | -4 | -4 | 0 | 9 | 11 | -7 | 16 | -2 | 10 | 62 | -4 |
| Free Cash Flow | -132 | 29 | 54 | 15 | -20 | 249 | -131 | -409 | -134 | -19 | 281 | -358 |
| CFO/OP | 46 | 92 | 84 | 48 | 74 | 170 | 117 | -37 | 134 | 43 | 70 | 5 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 70 | 75 | 79 | 101 | 93 | 91 | 66 | 44 | 49 | 67 | 131 |
| Inventory Days | 59 | 103 | 75 | 75 | 68 | 80 | 96 | 66 | 57 | 76 | 60 | 46 |
| Days Payable | 73 | 139 | 111 | 82 | 97 | 108 | 154 | 90 | 59 | 113 | 115 | 150 |
| Cash Conversion Cycle | 40 | 34 | 39 | 72 | 73 | 65 | 33 | 43 | 43 | 12 | 12 | 26 |
| Working Capital Days | -25 | -33 | -19 | 6 | 32 | -11 | -49 | -7 | -20 | -19 | 1 | 21 |
| ROCE % | 21% | 15% | 15% | 17% | 17% | 12% | 9% | 14% | 12% | 14% | 14% | 15% |
Documents
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Company Information
Incorporated in 1983, JBM Auto Ltd is in automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including sale of spare parts, accessories and maintenance contract for Buses[1]