JBM Auto Ltd logo

JBM Auto Ltd

JBMA NSE

Key Fundamentals

SmallcapAuto ComponentsAutomobiles
Market Cap
₹16,465 Cr
Volatility
Moderate
P/E Ratio
74.85
EBITDA
₹663 Cr
Return on Equity
12.14%
Debt to Equity
1.89
Book Value
₹65.04
EPS
₹15.4
52W High
₹790
52W Low
₹477

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 35.3% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 10.8 times its book value
  • Debtor days have increased from 82.4 to 131 days.

Growth Rate

Revenue Growth
10.18% ↘
Net Income Growth
-6.18% ↘
Cash Flow Change
92.34% ↗
ROE
-4.74% ↘
ROCE
-12.83% ↘
EBITDA Margin (Avg.)
-19.44% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high
HOLD Worth holding, not adding Conviction 5/10

JBM Auto has delivered strong 35% profit CAGR over 5 years and consistent 16% ROE, but trades at a steep 70.2x PE and 10.86x book value with deteriorating working capital. The risk-reward is balanced at current levels, warranting a hold until valuation corrects or growth re-accelerates.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 35% CAGR demonstrates strong earnings momentum
  • Consistent ROE of 16% maintained across 3-year, 5-year, and 10-year periods shows stable capital efficiency
  • 5-year stock CAGR of 52% reflects sustained wealth creation for long-term investors
  • 5-year compounded sales growth of 25% indicates robust top-line expansion and market share gains
  • TTM sales growth of 11% and TTM profit growth of 11% show continued business momentum
  • Market cap of Rs 17,217 crore provides reasonable liquidity and institutional investability
  • 3-year compounded profit growth of 22% outpaces 3-year sales growth of 16%, indicating margin expansion
Bear Case 8
  • PE ratio of 70.2x is extremely elevated, pricing in perfection with little margin of safety
  • Stock trades at 10.86x book value, well above sector averages for auto ancillary companies
  • Debtor days have increased sharply from 82.4 to 131 days, signaling working capital stress and potential collection issues
  • Dividend yield of just 0.12% offers negligible income return to shareholders
  • TTM profit growth has decelerated to 11% from 5-year CAGR of 35%, suggesting growth slowdown
  • TTM sales growth of 11% is significantly below the 5-year compounded sales growth of 25%, indicating deceleration
  • Zero analyst coverage means no independent institutional validation of the investment thesis
  • 10-year profit CAGR of only 16% versus 5-year CAGR of 35% suggests recent growth may not be structurally sustainable

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

AI News Digest

Anthropic anthropic claude-opus-4.6 15h ago
Positives 5
  • ₹9,585 Cr fleet replacement scheme Jun 03

    Union Cabinet approved ₹9,585 crore outlay to replace ~2.07 lakh old trucks and buses in Delhi-NCR with BS-VI or electric vehicles. Delhi mandates all light goods vehicles under the scheme to be electric, directly benefiting JBM Auto.

  • 49% e-bus market share in May Jun 03

    JBM Auto captured 49% of India's electric bus registrations in May 2026 with 157 units, up sharply from 33% in April 2026 — the highest in the industry.

  • ₹750 Cr for 2000 e-bus deployment Jun 18

    JBM Ecolife Mobility secured ₹750 Cr from Motilal Oswal to deploy 2,000 electric buses, targeting CO2 emission reduction of 2.5 billion kgs.

  • Strong Q4 FY26 financials Jun 03

    Consolidated net profit rose 11.91% to ₹74.24 crore and revenue grew 12.55% to ₹1,852.27 crore in Q4 FY26 versus Q4 FY25.

  • Stock surges on policy tailwinds Jun 03

    JBM Auto shares rallied ~6.25% to ₹711.05 on NSE, outperforming the BSE Sensex which fell 0.25%. Stock trades above all 8 key SMAs with RSI at 61.2.

Neutral 2
  • Shareholder vote on related party deals Jun 04

    JBM Auto initiated e-voting for material related party transactions; voting window runs June 4 to July 3, 2026.

  • Promoter shares unencumbered in FY26 May 27

    Promoters of JBM Auto held shares with zero encumbrance in FY26 as disclosed under SEBI SAST Regulations.

TL;DR: JBM Auto is firing on all cylinders in India's electric bus transition — dominant 49% market share, ₹750 Cr fresh funding for fleet deployment, and a ₹9,585 Cr government replacement scheme providing structural demand. Financials are healthy with double-digit profit and revenue growth. Key risks are limited in the near term but include execution on large e-bus orders and dependency on government policy continuity. The trend is clearly improving with strong policy, market share, and funding momentum heading into FY27.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,010
946
1,231
1,346
1,486
1,144
1,286
1,396
1,646
1,254
1,368
1,614
1,852
Expenses
903
833
1,091
1,190
1,314
1,014
1,128
1,228
1,461
1,134
1,218
1,441
1,623
Operating Profit
107
114
140
157
172
130
158
168
185
120
150
173
229
OPM %
11%
12%
11%
12%
12%
11%
12%
12%
11%
10%
11%
11%
12%
Other Income
3
4
10
6
12
9
10
18
17
40
39
21
30
Interest
35
39
48
54
55
52
60
68
67
66
70
74
108
Depreciation
38
40
41
43
48
43
43
44
44
44
44
42
43
PBT
37
38
60
66
82
45
65
73
90
51
74
77
108
Tax %
23%
21%
19%
21%
23%
26%
19%
22%
20%
23%
26%
23%
22%
Net Profit
28
30
49
52
62
34
53
56
72
39
55
60
84
EPS in Rs
1.19
1.28
1.87
2.06
2.36
1.41
2.09
2.23
2.81
1.56
2.23
2.33
3.14
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
191
190
165
204
258
230
198
333
398
584
642
673
OPM %
12%
13%
11%
12%
12%
12%
10%
10%
10%
12%
12%
11%
Other Income
6
6
35
24
27
16
12
21
27
30
52
129
Interest
35
53
53
49
59
64
55
76
126
197
247
318
Depreciation
40
59
50
56
75
74
76
91
130
171
175
174
PBT
122
85
97
124
150
108
78
187
170
246
273
310
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
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
Div. Payout %
13%
14%
11%
12%
9%
12%
14%
8%
12%
10%
10%
9%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 67.53%
Others 17.50%
Public 12.89%
FIIs 1.97%
DIIs 0.11%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
67.54%
67.54%
67.54%
67.54%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
67.53%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.34%
3.30%
3.26%
3.28%
2.75%
2.30%
1.90%
1.92%
1.97%
DIIs
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.02%
0.04%
0.02%
0.03%
0.04%
0.05%
0.05%
0.07%
0.07%
0.08%
0.10%
0.09%
0.10%
0.11%
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%
Public
12.59%
12.41%
12.40%
12.13%
12.33%
12.52%
12.74%
12.59%
12.38%
12.29%
11.83%
10.49%
10.96%
11.39%
11.40%
11.49%
12.11%
12.56%
12.92%
12.91%
12.89%
Others
19.87%
20.04%
20.05%
20.32%
20.14%
19.94%
19.73%
19.85%
20.04%
20.16%
20.61%
21.94%
18.12%
17.73%
17.74%
17.63%
17.53%
17.52%
17.55%
17.55%
17.50%
No. of Shareholders
19,092
20,090
23,337
33,871
52,928
53,462
56,413
51,760
48,201
54,667
90,389
89,478
1,11,902
1,29,244
1,30,765
1,34,974
1,68,469
1,75,550
1,87,359
1,83,315
1,83,719

Documents

Frequently Asked Questions about JBM Auto Ltd

What does JBM Auto Ltd do?
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]
Where is JBM Auto Ltd (JBMA) listed?
JBM Auto Ltd is listed on the Indian stock exchanges. It is listed on NSE: JBMA and BSE: 532605. You can view its live share price, financials, and ratios on Tapetide.
Which sector does JBM Auto Ltd belong to?
JBM Auto Ltd operates in the Consumer Discretionary 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 JBM Auto Ltd?
JBM Auto Ltd has a market capitalisation of approximately ₹16464.73 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of JBM Auto Ltd?
The Price-to-Earnings (PE) ratio of JBM Auto Ltd is 74.85. 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 JBM Auto Ltd?
Over the past 52 weeks, JBM Auto Ltd has traded between a low of ₹477 and a high of ₹790. This range helps investors understand the stock's price volatility and recent trading levels.
Does JBM Auto Ltd pay dividends?
Yes, JBM Auto Ltd has a dividend yield of 0.12%. 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 JBM Auto Ltd?
JBM Auto Ltd has a Return on Equity (ROE) of 12.14%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research JBM Auto Ltd on Tapetide?
On Tapetide, you can view JBM Auto 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 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]

Website jbmgroup.com
CEO Mr. Nishant Arya
Employees 3,555
Listed 2004-12-17
Face Value ₹ 1
Issued Size 23,64,94,264

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