Jamna Auto Industries Ltd
NSE: JAMNAAUTO BSE: 520051
Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.[1]
₹111
52W: ₹86.4 — ₹153
PE 19 · Book ₹27.9 · +298% vs bookMarket Cap₹4,428 Cr
Stock P/E19Price to Earnings
ROCE22%Return on Capital
ROE21.2%Return on Equity
Div. Yield1.92%Face Value ₹1
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 42.0%
Shareholding Pattern
Promoters49.85%
FIIs9.25%
DIIs4.83%
Public36.08%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 49.94% | 49.94% | 49.94% | 49.93%▼0.0 | 49.93% | 49.93% | 49.93% | 49.85%▼0.1 |
| FIIs | 8.96% | 5.4%▼3.6 | 4.25%▼1.2 | 2.75%▼1.5 | 2.04%▼0.7 | 2.37%▲0.3 | 5.2%▲2.8 | 9.25%▲4.0 |
| DIIs | 6.28% | 5.28%▼1.0 | 4.41%▼0.9 | 5.62%▲1.2 | 6.28%▲0.7 | 7.04%▲0.8 | 8.07%▲1.0 | 4.83%▼3.2 |
| Public | 34.83% | 39.37%▲4.5 | 41.39%▲2.0 | 41.7%▲0.3 | 41.75%▲0.0 | 40.68%▼1.1 | 36.8%▼3.9 | 36.08%▼0.7 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 588 | 593 | 620 | 542 | 502 | 547 | 620 | 560 | 511 | 650 |
| Expenses | 511 | 512 | 527 | 469 | 436 | 466 | 536 | 484 | 444 | 542 |
| Operating Profit | 77 | 82 | 93 | 73 | 66 | 81 | 84 | 76 | 68 | 108 |
| OPM % | 13% | 14% | 15% | 13% | 13% | 15% | 14% | 14% | 13% | 17% |
| Net Profit | 85 | 55 | 64 | 50 | 46 | 54 | 61 | 53 | 47 | 65 |
| EPS ₹ | 2.13 | 1.37 | 1.61 | 1.25 | 1.15 | 1.36 | 1.53 | 1.34 | 1.17 | 1.62 |
AI Insights
Revenue Trend
TTM revenue at ₹2,342Cr, up 5.9% YoY. OPM at 14%.
Debt Position
Borrowings at ₹9Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Capex Cycle
CWIP at ₹41Cr (8% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 4.83% (-9.78pp change). FIIs: 9.25% (+5.96pp change). Promoters hold 49.85%.
Margin & Efficiency
ROCE improving from 6% (Mar 2014) to 22% (Mar 2025). Working capital days: 3.
Valuation
PE 19x with 22% ROCE. Price is 298% above book value of ₹27.9. Dividend yield: 1.92%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 May - Announcement regarding Newspaper Publication for special window open for relodgement of transfer request.
- Show Cause Notice Dated April 10, 2026 Received On April 16, 2026 17 Apr - Subsidiary received GST SCN for ₹10.47 crore tax demand plus interest and penalty for FY22-24.
- Announcement under Regulation 30 (LODR)-Credit Rating 16 Apr - ICRA upgraded Jamna Auto’s ₹90 crore term loan to AA and reaffirmed ₹460 crore working capital at AA/A1+.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse