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Jtekt

JTEKTINDIA NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹3,297 Cr
Volatility
Low Risk
P/E Ratio
46.37
EBITDA
₹195 Cr
Return on Equity
11.87%
Debt to Equity
0.29
Book Value
₹42.75
EPS
₹3.07
52W High
₹187.95
52W Low
₹117

Tapetide Score

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

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 21.7%

Weaknesses

3
  • Stock is trading at 2.82 times its book value
  • Company has a low return on equity of 9.65% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
28.36% higher than 3Y
Net Income Growth
112% higher than 3Y
Cash Flow Change
-11.46% lower than 3Y
ROE
90.84% higher than 3Y
ROCE
81.35% lower than 3Y
EBITDA Margin (Avg.)
10.7% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

JTEKT India Ltd trades at a market cap of ₹4,086 Cr with a PE of 53x and a price-to-book of 3.44x. The company has delivered 11% TTM sales growth and 10% TTM profit growth, but its 3-year ROE averages only around 10% and the stock has returned just 1% CAGR over three years.

Bull Case 7
  • TTM revenue growth of 11% indicates improving top-line momentum after a 9% 3-year compounded sales CAGR
  • 5-year compounded profit growth of 46% demonstrates strong earnings recovery from a low base
  • 10-year compounded profit growth of 17% shows the company has a track record of long-term earnings expansion
  • Consistent dividend payout of 21.7% with a current yield of 0.48%, indicating shareholder return discipline
  • 10-year stock CAGR of 12% suggests the company has delivered reasonable long-term wealth creation
  • 5-year compounded sales growth of 15% outpaces the 10-year average of 9%, pointing to accelerating revenue scale
  • TTM profit growth of 10% is positive and tracks close to the sales growth rate, suggesting margin stability at current levels
Bear Case 8
  • PE ratio of 53x is elevated for a company delivering only 10% TTM profit growth, implying a PEG well above 5x
  • 3-year compounded profit growth is 0%, meaning earnings have been stagnant over the medium term despite sales growing at 9%
  • ROE has declined from a 10-year average of 9% to just 8% in the last year, signaling weakening capital efficiency
  • Price-to-book of 3.44x is high relative to the sub-10% ROE, offering limited margin of safety
  • Stock CAGR of only 1% over 3 years shows the market has not rewarded the company despite revenue growth
  • Potential capitalisation of interest costs raises questions about the true operating profitability and accounting quality
  • 3-year ROE of only 9.71% is below the cost of equity for most Indian mid-cap industrials, suggesting limited value creation
  • 1-year stock return of just 5% underperforms broader Indian market indices, reflecting tepid investor sentiment

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

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • Final dividend of ₹0.75 declared Jun 9

    Board recommended a final dividend of ₹0.75 per share at the 42nd AGM scheduled for August 26, 2026, via video conferencing.

Neutral 3
  • Zero promoter share encumbrance Jun 29

    Promoter JTEKT Bearings India Private Limited disclosed zero encumbrance on its 10,909 shares in JTEKT India for FY26.

  • Minor ₹26.91L tax demand Jun 16

    Haryana authorities issued a ₹26.91 lakh tax demand for FY16-FY18. The company stated there is no material impact on operations.

  • AGM set for August 26, 2026 Jun 9

    JTEKT India announced its 42nd Annual General Meeting on August 26, 2026, to be held via video conferencing.

TL;DR: JTEKT India had a quiet news cycle with no significant headwinds. The ₹0.75 final dividend signals steady capital return, while a minor legacy tax demand poses no material risk. Promoter encumbrance remains nil, reflecting a clean holding structure. With limited catalysts either way, the near-term trajectory will depend on broader auto component demand trends.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
478
584
552
632
553
605
592
649
566
639
680
780
718
Expenses
443
524
501
562
516
558
548
593
535
593
628
709
680
Operating Profit
34.27
60.17
50.99
69.7
37.39
47.26
43.58
56.6
30.85
46.27
52.26
71.09
38.2
OPM %
7.18%
10.31%
9.24%
11.03%
6.76%
7.81%
7.36%
8.72%
5.45%
7.24%
7.68%
9.11%
5.32%
Other Income
10.97
2.19
1.46
4.27
4.76
1.85
1.59
2.21
8.87
3.61
4.93
1.52
3.93
Interest
1.3
1.21
1.47
2.14
2.2
2.13
2.72
3.26
4.2
1.9
4.17
4.67
5.2
Depreciation
19
19.58
19.89
22.98
19.89
20.65
20.24
21.8
20.99
23
25.89
29.49
28.31
PBT
24.94
41.57
31.09
48.85
20.06
26.33
22.21
33.75
14.53
24.98
27.13
38.45
8.62
Tax %
25.18%
27.45%
23.64%
29.81%
25.82%
25.98%
26.79%
26.99%
25.67%
27.06%
24.95%
28.5%
27.84%
Net Profit
18.66
30.16
23.75
34.3
14.88
19.48
16.26
24.65
10.82
18.23
20.36
27.49
6.22
EPS in Rs
0.7
1.13
0.89
1.24
0.54
0.7
0.59
0.89
0.39
0.66
0.73
0.99
0.22
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,079
1,077
1,165
1,525
1,773
1,531
1,350
1,610
2,073
2,245
2,399
2,666
2,818
Expenses
956
961
1,034
1,330
1,572
1,413
1,258
1,499
1,907
2,030
2,215
2,465
2,610
Operating Profit
123
116
130
195
201
118
92
111
166
215
185
200
208
OPM %
11%
11%
11%
13%
11%
8%
7%
7%
8%
10%
8%
8%
7%
Other Income
4
16
4
7
13
11
8
4
9
19
10
19
14
Interest
25
28
24
21
16
10
5
4
5
6
10
15
16
Depreciation
78
72
75
92
91
87
78
66
68
81
83
99
107
PBT
24
32
36
89
107
33
18
45
103
146
102
105
99
Tax %
24%
22%
30%
35%
36%
16%
30%
27%
22%
27%
26%
27%
—
Net Profit
18
25
25
58
69
28
12
33
80
107
75
77
72
EPS in Rs
0.83
1.15
1.16
2.65
2.57
1.03
0.46
1.24
2.99
3.85
2.71
2.77
2.6
Div. Payout %
72%
40%
40%
17%
29%
31%
30%
30%
15%
14%
24%
27%
—
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
24
24
24
24
24
25
25
28
Reserves
242
255
279
509
549
549
553
582
652
796
854
1,158
Borrowings
257
279
245
232
188
78
49
71
62
115
156
340
Other Liabilities
218
219
221
252
272
185
261
269
284
342
432
451
Total Liabilities
737
773
765
1,013
1,034
837
887
947
1,022
1,279
1,468
1,977
Fixed Assets
406
438
443
516
495
450
391
367
447
503
581
826
CWIP
62
38
21
23
9
2
6
93
24
93
303
400
Investments
35
35
34
5
5
5
5
5
5
0
0
0
Other Assets
233
262
266
469
525
381
485
481
546
683
584
750
Total Assets
737
773
765
1,013
1,034
837
887
947
1,022
1,279
1,468
1,977
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
129
89
150
164
170
108
83
96
83
172
194
99
Investing
-63
-65
-61
-113
22
-25
-22
-114
-84
-172
-272
-470
Financing
-66
-23
-91
-50
-83
-149
-42
15
-24
28
18
392
Net Cash Flow
0
2
-2
1
108
-67
19
-3
-25
29
-59
22
Free Cash Flow
66
11
85
119
107
75
56
-23
-8
-14
-82
-343
CFO/OP
110
85
130
105
107
104
98
98
66
99
119
64
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
39
47
47
63
56
47
70
56
50
54
49
52
Inventory Days
36
37
37
35
32
37
47
43
44
47
41
43
Days Payable
73
79
77
66
64
49
78
63
54
61
56
58
Cash Conversion Cycle
3
5
7
31
24
34
39
36
40
40
34
37
Working Capital Days
-24
-27
-21
3
1
21
33
25
33
29
6
9
ROCE %
9%
9%
11%
17%
16%
6%
3%
8%
16%
17%
11%
10%

Insights

Beta

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

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63 extracted metrics + investor summaries across FY08–FY26.

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Shareholding Pattern

FIIs0.60%Promot.74.98%Others3.03%DIIs10.24%Public11.15%As ofJun 2026

Documents

Frequently Asked Questions about Jtekt

What does JTEKT India Ltd do?
JTEKT India Ltd., established in 1984, manufactures steering systems and driveline components for passenger cars, utility vehicles and light commercial vehicles. Products include rack-and-pinion manual steering gears, hydraulic power steering systems, recirculating ball screw assemblies, colu...
Where is JTEKT India Ltd (JTEKTINDIA) listed?
JTEKT India Ltd trades as JTEKTINDIA on the NSE and under code 520057 on the BSE.
Which sector does JTEKT India Ltd belong to?
JTEKT India Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of JTEKT India Ltd?
JTEKT India Ltd has a market capitalisation of ₹3,297 Cr, which places it in the Small Cap band.
What is the PE ratio of JTEKT India Ltd?
JTEKT India Ltd trades at a PE ratio of 46.37, on earnings per share of ₹3.07, against a book value of ₹42.75 per share.
What is the 52-week high and low of JTEKT India Ltd?
Over the last 52 weeks JTEKT India Ltd has traded between ₹117 and ₹187.95.
Does JTEKT India Ltd pay dividends?
JTEKT India Ltd has a dividend yield of 0.63%.
What is the Return on Equity (ROE) of JTEKT India Ltd?
JTEKT India Ltd reported a return on equity of 11.87%. Its debt-to-equity ratio is 0.29.

Company Information

JTEKT India Ltd., established in 1984, manufactures steering systems and driveline components for passenger cars, utility vehicles and light commercial vehicles. Products include rack-and-pinion manual steering gears, hydraulic power steering systems, recirculating ball screw assemblies, column-type electric power steering (CEPS), steering columns /Intermediate shafts and Constant Velocity Joints (CVJ)[1]

Website jtekt.co.in
CEO Mr. Minoru Sugisawa
Employees 1,641
Listed 2004-01-12
Face Value ₹ 1
Issued Size 27,73,96,890

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