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Jamna Auto Industries

JAMNAAUTO NSE
₹128.33 +5.35 (+4.35%)
P/E
21.94
View as Markdown
MCP
Close 4 Nov 2026 ₹128.33 +37.12 +40.7% 1Y
Start ₹91.21

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
26.00%
Debt to Equity
0.13
EPS (TTM)
₹5.85
Book Value
₹28.67
Market Cap
—
P/E (TTM)
21.94
P/B
4.48
ROE
22.30%
Dividend Yield
2.03%
EBITDA
₹405 Cr
52W High
₹154.00
52W Low
₹89.74
Day Range
₹122.10 – ₹128.60
Volume
17,60,318

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Jamna Auto Industries peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Jamna Auto Industries (this company)
₹128.3321.94₹4,938 Cr4.482.03%22.30%26.00%₹2,650 Cr₹234 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.180.43%13.30%18.35%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

68 Strong

Data confidence 100/100

Category scores

Quality
83
Strong
Returns, margins, earnings quality 22% weight
Valuation
61
Good
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
84
Strong
Solvency, leverage, coverage 9% weight
Momentum
44
Weak
Trend strength, vol-adjusted 12% weight
Ownership
67
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 45.4%

Weaknesses

1
  • Promoter holding has decreased over last quarter: -5.03%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.78
Neutral
MACD (12,26,9)
−2.94
Bearish
SMA (50)
130.93
Bearish
SMA (200)
128.30
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.60%
5Y+19.34%
3Y+3.96%
1Y+15.07%
TTM+15.92%

Net profit

Net profit growth by window
10Y+12.36%
5Y+25.91%
3Y+11.20%
1Y+28.33%
TTM+30.00%

Operating cash flow

Operating cash flow growth by window
10Y+13.96%
5Y+38.52%
3Y+10.89%
1Y+76.47%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.10 pp
5Y+2.74 pp
3Y+3.89 pp
1Y+1.72 pp
TTM+2.03 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,292 Cr
Mar 2018₹1,738 Cr
Mar 2019₹2,135 Cr
Mar 2020₹1,129 Cr
Mar 2021₹1,079 Cr
Mar 2022₹1,718 Cr
Mar 2023₹2,325 Cr
Mar 2024₹2,427 Cr
Mar 2025₹2,270 Cr
Mar 2026₹2,612 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹105 Cr
Mar 2018₹125 Cr
Mar 2019₹137 Cr
Mar 2020₹48.00 Cr
Mar 2021₹73.00 Cr
Mar 2022₹141 Cr
Mar 2023₹168 Cr
Mar 2024₹205 Cr
Mar 2025₹180 Cr
Mar 2026₹231 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹435 Cr +7.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

Jamna Auto Industries is India's largest manufacturer of leaf springs for commercial vehicles with a dominant 62-65% OEM market share and near-monopoly 95% share in parabolic springs. The company trades at a PE of 22.6x with a market cap of ₹5,320 crore, is virtually debt-free, and has maintained a consistent ROE of 22% over 3, 5, and 10-year periods. However, FY2025 saw revenue decline of ~6.5% and profit decline of ~12% due to a 1.2% de-growth in the commercial vehicle segment.

Bull Case 8
  • Dominant market position with 62-65% share in India's CV OEM leaf spring market and 95% share in the higher-value parabolic spring segment, creating a near-monopoly moat
  • Virtually debt-free balance sheet providing financial flexibility and resilience through CV industry cycles
  • Consistent ROE of 22% maintained across 3-year, 5-year, and 10-year periods, indicating disciplined capital allocation
  • TTM profit growth of 31% signals a strong recovery from the FY2025 CV downturn, with Q4 FY26 net profit jumping 73.5% YoY to ₹87.3 crore
  • Compounded profit CAGR of 27% over 5 years demonstrates sustained earnings power through industry cycles
  • Manufacturing scale with 10 plants across India and capacity exceeding 300,000 metric tonnes annually, with 410+ spring models for OEMs
  • Promoter holding remains high at ~49.9%, reflecting insider confidence in long-term business prospects
  • Stock has delivered 42% returns over the past 1 year, outperforming broader markets as CV cycle recovery expectations build
Bear Case 7
  • FY2025 revenue declined ~6.5% YoY to ₹2,270 crore and net profit fell ~12% to ₹180 crore, highlighting vulnerability to CV cycle downturns
  • Highly cyclical business entirely dependent on commercial vehicle production volumes — the CV segment saw 1.2% de-growth in FY2024-25
  • Dividend yield of only 0.77% offers minimal income cushion during potential periods of stock price stagnation
  • Institutional holding at only ~7% suggests limited interest from large institutional investors who could provide price support
  • Compounded sales CAGR of only 4% over 3 years indicates revenue growth has been inconsistent despite the dominant market share
  • Concentration risk — over-reliance on a single product category (leaf springs) for CVs limits diversification, with air suspensions and newer products still a small proportion of revenue
  • 10-year stock CAGR of 13% and 3-year CAGR of only 5% suggest extended periods of muted returns are possible despite business quality

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

AI News Digest

94d ago

TL;DR: Jamna Auto is pursuing inorganic growth internationally with a small but strategic UK acquisition aligned to its RISE 5000 roadmap. No headwinds emerged in this period. The move signals management confidence in expanding beyond India, though the deal's financial impact is minimal given its size. Trend is mildly positive as the company executes on its stated globalization strategy.

Positives 1
  • UK acquisition for global expansion Jul 27

    Board approved £2m cash acquisition of Owen Springs Limited (revenue £2,761k, PAT £132k for year ended Dec 2025), expected to close by Aug 31, 2026, advancing the Lakshya – RISE 5000 strategy.

Neutral 1
  • Small-scale overseas deal approved Jul 27

    Owen Springs manufactures leaf and parabolic springs in England and Wales; the £2m deal is modest relative to Jamna's operations but signals intent to build global presence.

Quarterly Results

₹ Cr
JAMNAAUTO quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
575
607
604
640
557
513
562
638
573
531
668
840
611
Expenses
502
528
518
551
482
447
485
554
497
462
554
703
526
Operating Profit
73
79
86
89
75
66
77
84
76
69
114
137
85
OPM %
13%
13%
14%
14%
13%
13%
14%
13%
13%
13%
17%
16%
14%
Other Income
1
1
1
1
2
1
1
2
2
3
−9
1
3
Interest
0
1
1
1
1
1
1
2
1
3
5
5
4
Depreciation
11
11
12
10
11
11
14
11
13
13
17
17
18
PBT
63
69
74
78
65
56
63
72
64
56
83
116
66
Tax %
27%
27%
26%
30%
28%
29%
31%
30%
29%
29%
30%
25%
26%
Net Profit
46
50
55
55
46
40
44
50
46
40
58
87
49
EPS (₹)
1.14
1.26
1.38
1.37
1.16
1
1.1
1.26
1.15
1
1.46
2.18
1.21

Profit & Loss

₹ Cr
JAMNAAUTO profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,095
1,256
1,292
1,738
2,135
1,129
1,079
1,718
2,325
2,427
2,270
2,612
2,650
Expenses
1,001
1,092
1,091
1,499
1,856
1,013
945
1,491
2,063
2,097
1,965
2,215
2,245
Operating Profit
95
164
201
239
279
116
134
227
262
329
305
396
405
OPM %
9%
13%
16%
14%
13%
10%
12%
13%
11%
14%
13%
15%
15%
Other Income
2
7
6
9
11
15
10
5
12
3
3
−2
−2
Interest
18
20
14
20
28
18
7
4
3
5
5
14
17
Depreciation
31
45
48
41
46
41
36
37
41
44
47
61
66
PBT
47
105
145
186
216
72
101
191
229
283
256
320
321
Tax %
38%
32%
28%
33%
36%
33%
28%
26%
27%
27%
30%
28%
—
Net Profit
29
72
105
125
137
48
73
141
168
205
180
231
234
EPS (₹)
0.74
1.8
2.63
3.14
3.45
1.2
1.83
3.53
4.22
5.15
4.52
5.78
5.85
Div. Payout %
30%
31%
27%
27%
28%
33%
41%
42%
45%
47%
46%
43%
—

Balance Sheet

₹ Cr
JAMNAAUTO balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
40
40
40
40
40
40
40
40
40
40
40
40
Reserves
157
203
293
384
470
477
540
645
744
863
953
1,107
Borrowings
64
16
73
63
4
152
125
191
30
293
358
150
Other Liabilities
234
225
155
303
554
121
292
317
226
154
174
351
Total Liabilities
495
484
561
789
1,067
790
998
1,193
1,040
1,350
1,525
1,648
Fixed Assets
242
211
281
301
373
369
351
436
434
468
504
849
CWIP
8
65
20
31
40
132
134
53
56
121
275
108
Investments
0
0
0
0
0
0
0
0
0
0
3
0
Other Assets
245
207
259
457
655
289
512
703
550
761
742
692
Total Assets
495
484
561
789
1,067
790
998
1,193
1,040
1,350
1,525
1,648

Cash Flow

₹ Cr
JAMNAAUTO cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
98
138
81
126
281
−1
100
1
374
90
289
510
Investing
−22
−75
−83
−72
−130
−97
−18
−36
−88
−160
−189
−245
Financing
−78
−66
6
−57
−139
80
−45
20
−257
92
−34
−302
Net Cash Flow
−2
−3
4
−2
12
−19
37
−15
28
22
66
−37
Free Cash Flow
75
70
−6
51
151
−101
82
−36
286
−73
103
261
CFO/EBITDA
115
96
69
79
129
18
95
24
164
51
120
153

Ratios

JAMNAAUTO financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
11
10
40
52
26
58
61
10
28
25
11
Inventory Days
54
49
53
53
61
67
116
102
77
84
82
74
Days Payable
91
61
37
68
117
19
102
66
15
15
19
48
Cash Conversion Cycle
−18
0
26
25
−4
73
71
97
71
97
88
37
Working Capital Days
−19
−19
−4
19
7
18
21
38
31
25
6
5
ROCE %
23%
49%
48%
46%
49%
15%
16%
25%
28%
29%
21%
26%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Jamna Auto Industries insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 44.81%
  • Public 31.13%
  • FIIs 11.01%
  • Others 6.86%
  • DIIs 6.19%

1.69% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Concall · Jul 2026
    PPT
  • Q4 FY26 concall · May 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT

Frequently Asked Questions about Jamna Auto Industries

What does Jamna Auto Industries Ltd do?
Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.
Where is Jamna Auto Industries Ltd (JAMNAAUTO) listed?
Jamna Auto Industries Ltd trades as JAMNAAUTO on the NSE and under code 520051 on the BSE.
Which sector does Jamna Auto Industries Ltd belong to?
Jamna Auto Industries Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of Jamna Auto Industries Ltd?
Jamna Auto Industries Ltd trades at a PE ratio of 21.94 as of 4 Nov 2026, on earnings per share of ₹5.85, against a book value of ₹28.67 per share.
What is the 52-week high and low of Jamna Auto Industries Ltd?
Over the last 52 weeks Jamna Auto Industries Ltd has traded between ₹89.74 and ₹154 as of 4 Nov 2026.
Does Jamna Auto Industries Ltd pay dividends?
Jamna Auto Industries Ltd has a dividend yield of 2.03%.
What is the Return on Equity (ROE) of Jamna Auto Industries Ltd?
Jamna Auto Industries Ltd reported a return on equity of 22.30%. Its debt-to-equity ratio is 0.13.

Company Information

Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.

Website jaispring.com
CEO Mr. Randeep Singh Jauhar
Employees 1,051
Listed 10 Dec 2010
Face Value ₹1

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