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Jtekt

JTEKTINDIA NSE
₹120.49 +3.32 (+2.83%)
P/E
46.34
View as Markdown
MCP
Close 4 Nov 2026 ₹120.49 −36.90 −23.4% 1Y
Start ₹157.39

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

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

ROCE
9.77%
Debt to Equity
0.29
EPS (TTM)
₹2.60
Book Value
₹42.75
Market Cap
—
P/E (TTM)
46.34
P/B
2.82
ROE
7.81%
Dividend Yield
0.64%
EBITDA
₹195 Cr
52W High
₹166.81
52W Low
₹106.81
Day Range
₹117.00 – ₹125.68
Volume
5,54,690

Peer Comparison

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

Jtekt 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
Jtekt (this company)
₹120.4946.34₹3,316 Cr2.820.64%7.81%9.77%₹2,818 Cr₹72 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.180.43%11.85%16.10%₹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

41 Weak

Data confidence 100/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
31
Poor
Cheap vs sector & own history 24% weight
Growth
58
Good
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
38
Weak
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

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

Weaknesses

3
  • Stock is trading at 2.62 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish559
OscillatorsBullish153
Moving AveragesStrong Bullish406

Key readings

RSI (14)
60.53
Neutral
MACD (12,26,9)
−0.68
Bullish
SMA (50)
117.50
Bullish
SMA (200)
130.43
Bearish

As of

Analyst Rating

Based on 1 analysts
HOLD100%

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

As of

BUY
0
0%
HOLD
1
100%
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+9.49%
5Y+14.58%
3Y+8.75%
1Y+11.13%
TTM+16.79%

Net profit

Net profit growth by window
10Y+11.91%
5Y+45.03%
3Y−1.27%
1Y+2.67%
TTM+1.53%

Operating cash flow

Operating cash flow growth by window
10Y+1.07%
5Y+3.59%
3Y+6.05%
1Y−48.97%
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−3.27 pp
5Y+0.69 pp
3Y−0.51 pp
1Y−0.21 pp
TTM−0.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,165 Cr
Mar 2018₹1,525 Cr
Mar 2019₹1,773 Cr
Mar 2020₹1,531 Cr
Mar 2021₹1,350 Cr
Mar 2022₹1,610 Cr
Mar 2023₹2,073 Cr
Mar 2024₹2,245 Cr
Mar 2025₹2,399 Cr
Mar 2026₹2,666 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹25.00 Cr
Mar 2018₹58.00 Cr
Mar 2019₹69.00 Cr
Mar 2020₹28.00 Cr
Mar 2021₹12.00 Cr
Mar 2022₹33.00 Cr
Mar 2023₹80.00 Cr
Mar 2024₹107 Cr
Mar 2025₹75.00 Cr
Mar 2026₹77.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹227 Cr +0.6% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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
  • 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

121d ago

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.

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.

Quarterly Results

₹ Cr
JTEKTINDIA quarterly results, ₹ crore
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
1.2
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
31.1
48.85
20.06
26.32
22.21
33.76
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 (₹)
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

Profit & Loss

₹ Cr
JTEKTINDIA profit and loss, annual, ₹ crore
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 (₹)
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%
—

Balance Sheet

₹ Cr
JTEKTINDIA balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
JTEKTINDIA cash flow, annual, ₹ crore
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

Ratios

JTEKTINDIA financial ratios, annual
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

Log in to view Jtekt insights

63 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.98%
  • Public 11.36%
  • DIIs 10.24%
  • Others 3.02%
  • FIIs 0.41%

No promoter shares 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

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.
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 PE ratio of JTEKT India Ltd?
JTEKT India Ltd trades at a PE ratio of 46.34 as of 4 Nov 2026, on earnings per share of ₹2.6, 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 ₹106.81 and ₹166.81 as of 4 Nov 2026.
Does JTEKT India Ltd pay dividends?
JTEKT India Ltd has a dividend yield of 0.64%.
What is the Return on Equity (ROE) of JTEKT India Ltd?
JTEKT India Ltd reported a return on equity of 7.81%. 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)

Website jtekt.co.in
CEO Mr. Minoru Sugisawa
Employees 1,641
Listed 12 Jan 2004
Face Value ₹1

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