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Swing Capital

Jupiter Wagons Ltd

NSE: JWL BSE: 533272Metal

Commercial Engineers & Body Builders Company Ltd (CEBBCO) is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. [1]

₹269
52W: ₹236 — ₹457
PE 47.6 · Book ₹65.4 · +311% vs book
Market Cap₹11,477 Cr
Stock P/E47.6Price to Earnings
ROCE21.5%Return on Capital
ROE17%Return on Equity
Div. Yield0.36%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 125% CAGR over last 5 years

Weaknesses

  • −Debtor days have increased from 53.6 to 76.3 days.
  • −Promoter holding has decreased over last 3 years: -6.31%

Shareholding Pattern

Promoters68.31%
FIIs4.19%
DIIs0.78%
Public26.7%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.12%68.11%▼2.068.11%68.11%68.11%68.09%▼0.068.31%▲0.268.31%
FIIs4.14%3.45%▼0.73.44%▼0.03.86%▲0.44.45%▲0.64.42%▼0.04.48%▲0.14.19%▼0.3
DIIs0.92%2%▲1.11.73%▼0.31.71%▼0.01.39%▼0.31.03%▼0.40.75%▼0.30.78%▲0.0
Public24.82%26.43%▲1.626.7%▲0.326.32%▼0.426.06%▼0.326.46%▲0.426.45%▼0.026.7%▲0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales8798961,1138959741,0001,002411707776
Expenses758771965766840859857360619682
Operating Profit121125148129133141145518894
OPM %14%14%13%14%14%14%14%12%12%12%
Net Profit828310489899897335358
EPS ₹2.042.022.532.162.092.312.290.771.241.36

AI Insights

Revenue Trend

TTM revenue at ₹2,896Cr, down 25.2% YoY. OPM at 13%.

Debt Position

Borrowings at ₹590Cr. Debt-to-equity ratio: 0.25x. Healthy balance sheet.

Capex Cycle

CWIP at ₹72Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.78% (-1.48pp change). FIIs: 4.19% (+3.92pp change). Promoters hold 68.31%.

Margin & Efficiency

ROCE improving from -13% (Mar 2014) to 21% (Mar 2025). Working capital days: 58.

Valuation

PE 47.6x with 21.5% ROCE. Price is 311% above book value of ₹65.4. Dividend yield: 0.36%.

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