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Swing Capital

JTEKT India Ltd

NSE: JTEKTINDIA BSE: 520057Auto

JTEKT India Ltd is primarily engaged in the business of manufacturing steering systems & other auto components for the passenger car and utility vehicle manufacturers in the automobile sector.[1]

₹129
52W: ₹117 — ₹189
PE 44 · Book ₹42.8 · +201% vs book
Market Cap₹3,577 Cr
Stock P/E44Price to Earnings
ROCE9.84%Return on Capital
ROE7.87%Return on Equity
Div. Yield0.54%Face Value ₹1

Strengths

  • +Company has been maintaining a healthy dividend payout of 21.7%

Weaknesses

  • −Stock is trading at 3.05 times its book value
  • −Company has a low return on equity of 9.71% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters74.98%
FIIs0.48%
DIIs11.14%
Public13.41%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs0.57%0.43%▼0.10.43%0.45%▲0.00.46%▲0.00.56%▲0.10.46%▼0.10.48%▲0.0
DIIs8.96%8.85%▼0.19.32%▲0.59.3%▼0.010.7%▲1.411.23%▲0.511.12%▼0.111.14%▲0.0
Public15.47%15.74%▲0.315.27%▼0.515.27%13.85%▼1.413.21%▼0.613.43%▲0.213.41%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales552632553605592649566639680780
Expenses501562516558548593535593628709
Operating Profit51703747445731465271
OPM %9%11%7%8%7%9%5%7%8%9%
Net Profit24341519162511182027
EPS ₹0.891.240.540.70.590.890.390.660.730.99

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,666Cr, up 11.1% YoY. OPM at 8%.

Debt Position

Borrowings at ₹340Cr. Debt-to-equity ratio: 0.29x. Healthy balance sheet.

Capex Cycle

CWIP at ₹400Cr (48% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 11.14% (+3.46pp change). FIIs: 0.48% (+0.16pp change). Promoters hold 74.98%.

Margin & Efficiency

ROCE improving from 9% (Mar 2015) to 10% (Mar 2026). Working capital days: 8.

Valuation

PE 44x with 9.84% ROCE. Price is 201% above book value of ₹42.8. Dividend yield: 0.54%.

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