JBM Auto logo

JBM Auto

JBMA NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹14,103 Cr
Volatility
Moderate
P/E Ratio
65.43
EBITDA
₹844 Cr
Return on Equity
14.96%
Debt to Equity
1.97
Book Value
₹65.04
EPS
₹15.4
52W High
₹790
52W Low
₹477

Tapetide Score

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

Key Insights

Strengths

1
  • Company has delivered good profit growth of 35.5% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 9.54 times its book value
  • Company has low interest coverage ratio.
  • Debtor days have increased from 82.4 to 131 days.

Growth Rate

Revenue Growth
12.69% lower than 3Y
Net Income Growth
10.95% lower than 3Y
Cash Flow Change
-115% higher than 3Y
ROE
-3.36% lower than 3Y
ROCE
19.12% higher than 3Y
EBITDA Margin (Avg.)
2.5% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

JBM Auto Ltd trades at a market cap of ₹14,103 Cr with a P/E of 58.7x and P/B of 9.28x, reflecting premium valuations. The company has delivered strong 5-year profit CAGR of 35.5% and 5-year sales CAGR of 25%, but recent stock performance has been negative with a 1-year return of -3% and 3-year CAGR of -6%.

Bull Case 7
  • Strong 5-year compounded profit growth of 36% CAGR, significantly outpacing the 10-year average of 16%
  • Robust 5-year sales CAGR of 25%, indicating sustained revenue momentum in the electric bus and auto components business
  • Consistent ROE of 16% over 1-year, 3-year, and 5-year periods, reflecting stable return generation on equity
  • TTM sales growth of 12% and TTM profit growth of 12% show continued positive trajectory even in the recent period
  • 10-year stock CAGR of 31% demonstrates significant long-term wealth creation for shareholders
  • 5-year stock CAGR of 45% reflects strong medium-term re-rating driven by the EV bus order pipeline
  • 3-year compounded profit growth of 22% remains well above the 10-year average of 16%, indicating an improving profitability trend
Bear Case 8
  • P/E of 58.7x is significantly elevated, leaving limited margin of safety if growth slows from current levels
  • P/B of 9.28x is very high, meaning the stock prices in substantial future value creation beyond current book value
  • Debtor days have increased sharply from 82.4 to 131 days, signaling deteriorating working capital efficiency and potential collection risk
  • Low interest coverage ratio indicates that debt servicing costs consume a meaningful portion of operating profits
  • 1-year stock return of -3% and 3-year CAGR of -6% suggest the market has been de-rating the stock despite earnings growth
  • Dividend yield of just 0.14% offers negligible income return to shareholders at current price levels
  • 10-year sales CAGR of only 15% versus the recent 5-year CAGR of 25% raises questions about whether the accelerated growth pace is sustainable long-term
  • The wide gap between profit growth (36% 5-year CAGR) and stock return (-6% 3-year CAGR) suggests the market may be pricing in execution or balance sheet risks

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 3
  • EBITDA margin lags revenue growth Aug 21

    Q1 FY27 EBITDA grew 8.48% YoY vs revenue growth of 15.04%, suggesting margin compression as the EV bus business scales up.

  • Stock down 30% over two years Aug 21

    Despite 613% five-year returns, JBM Auto shares have fallen 30% over the past two years, indicating medium-term underperformance.

  • Capital-intensive EV expansion needs Aug 21

    The electric bus ecosystem requires heavy capital deployment to maintain 79% market share as competitors expand capacity, necessitating large fundraises.

Positives 5
  • ₹1,500 Cr fundraise approved Aug 21

    Board approved ₹1,500 crore fundraising via securities issuance, with Bain Capital reportedly in talks to invest ~₹2,850 crore in the EV division.

  • Strong Q1 FY27 revenue growth Aug 21

    Consolidated revenue rose 15.04% YoY to ₹1,442.45 crore in Q1 FY27; net profit increased 15.96% YoY to ₹42.43 crore.

  • 79% electric bus market share Aug 21

    JBM Auto holds 79% of the electric bus market and over 50% of the intercity electric luxury coach segment, with 20,000 buses/year capacity in Delhi-NCR.

  • ₹0.85 dividend at 30th AGM Aug 25

    AGM scheduled for September 16, 2026 with proposed dividend of ₹0.85 per share and shareholder vote on the ₹1,500 crore security issuance.

  • Massive volume surge, bullish RSI Aug 21

    Trading volume spiked to 63 lakh shares vs one-week average of 2 lakh; RSI rose from 33 to ~60, with stock up 7.22% to ₹668.35 on BSE.

Neutral 2
  • FY26 BRSR report filed Aug 25

    JBM Auto submitted its Business Responsibility and Sustainability Report for FY26 to BSE and NSE, covering ESG metrics including energy, waste, and safety data.

  • MD re-appointed for three years Aug 21

    Board approved re-appointment of Nishant Arya as Vice Chairman cum Managing Director for three years starting May 18, 2027.

TL;DR: JBM Auto is executing well on its EV bus leadership with 79% market share, 15% revenue growth, and a ₹1,500 crore fundraise now board-approved with potential Bain Capital backing at ~₹2,850 crore. Margins are under pressure as EBITDA growth trails revenue, and the stock remains 30% below its two-year high despite strong recent momentum. The capital raise, if completed with a marquee investor, could be a significant catalyst for scaling order execution and defending market share in the rapidly expanding Indian e-bus segment.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
946
1,231
1,346
1,486
1,144
1,286
1,396
1,646
1,254
1,368
1,614
1,852
1,442
Expenses
833
1,091
1,190
1,314
1,014
1,128
1,228
1,461
1,134
1,218
1,441
1,623
1,287
Operating Profit
114
140
157
172
130
158
168
185
120
150
173
229
155
OPM %
12%
11%
12%
12%
11%
12%
12%
11%
10%
11%
11%
12%
11%
Other Income
4
10
6
12
9
10
18
17
40
39
21
30
31
Interest
39
48
54
55
52
60
68
67
66
70
74
108
83
Depreciation
40
41
43
48
43
43
44
44
44
44
42
43
44
PBT
38
60
66
82
45
65
73
90
51
74
77
108
60
Tax %
21%
19%
21%
23%
26%
19%
22%
20%
23%
26%
23%
22%
26%
Net Profit
30
49
52
62
34
53
56
72
39
55
60
84
44
EPS in Rs
1.28
1.87
2.06
2.36
1.41
2.09
2.23
2.81
1.56
2.23
2.33
3.14
1.78
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
6,277
Expenses
1,366
1,328
1,336
1,429
1,949
1,717
1,784
2,860
3,459
4,425
4,830
5,412
5,569
Operating Profit
191
190
165
204
258
230
198
333
398
584
642
676
708
OPM %
12%
13%
11%
12%
12%
12%
10%
10%
10%
12%
12%
11%
11%
Other Income
6
6
35
24
27
16
12
21
27
30
52
126
121
Interest
35
53
53
49
59
64
55
76
126
197
247
318
335
Depreciation
40
59
50
56
75
74
76
91
130
171
175
174
174
PBT
122
85
97
124
150
108
78
187
170
246
273
310
320
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
243
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
9.48
Div. Payout %
13%
14%
11%
12%
9%
12%
14%
8%
12%
10%
10%
9%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
2,505
3,029
Other Liabilities
451
639
471
445
580
678
873
944
807
1,570
1,994
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
1,606
CWIP
12
27
35
63
70
90
300
180
268
131
73
172
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

Particulars 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
-264
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
-10
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

Particulars 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
127
150
Cash Conversion Cycle
40
34
39
72
73
65
33
43
43
12
0
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%

Insights

Beta

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

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Shareholding Pattern

DIIs0.15%Promot.67.53%FIIs2.03%Public12.70%Others17.58%As ofJun 2026

Documents

Frequently Asked Questions about JBM Auto

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 trades as JBMA on the NSE and under code 532605 on the BSE.
Which sector does JBM Auto Ltd belong to?
JBM Auto Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of JBM Auto Ltd?
JBM Auto Ltd has a market capitalisation of ₹14,103 Cr, which places it in the Mid Cap band.
What is the PE ratio of JBM Auto Ltd?
JBM Auto Ltd trades at a PE ratio of 65.43, on earnings per share of ₹15.4, against a book value of ₹65.04 per share.
What is the 52-week high and low of JBM Auto Ltd?
Over the last 52 weeks JBM Auto Ltd has traded between ₹477 and ₹790.
Does JBM Auto Ltd pay dividends?
JBM Auto Ltd has a dividend yield of 0.14%.
What is the Return on Equity (ROE) of JBM Auto Ltd?
JBM Auto Ltd reported a return on equity of 14.96%. Its debt-to-equity ratio is 1.97.

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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