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Stock Analysis

Description

Incorporated in 1983, JBM Auto Ltd is in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including sale of spare parts, accessories and maintenance contracts for Buses.

Key Growth Triggers

The company is a market leader in e-buses, with a 30%-35% market share. It has established the world’s largest integrated EV ecosystem and electric bus manufacturing facility (excluding China) with integrated electronics manufacturing facilities.

Order Book

Currently no data available for Order Book.

Key Red Flags

The stock is trading at 12.9 times its book value.
The company has a low return on equity of 10.2% over the last 3 years.
The company has been maintaining a healthy dividend payout of 18.9%.

Corporate Announcements

24th Mar 26

Impact Rating: 6

JBM Auto Limited will close its trading window from April 1, 2026, for directors and employees. This measure is ahead of announcing audited financial results for the fiscal year and Q4 ending March 31, 2026, as per SEBI rules.

19th Mar 26

Impact Rating: 7

No description available.

31st Jan 26

Impact Rating: -

No description available.

30th Jan 26

Impact Rating: 7

JBM Auto's Q3 FY26 results show 15.60% YoY revenue growth to ₹1,613.98 Cr, PBT up 6.46%, PAT up 4.29%, and a new electric bus for Europe.

30th Jan 26

Impact Rating: 7

Consolidated net profit increased 17.97% YoY to ₹71.53 Cr, but standalone net profit declined 36.69% YoY to ₹30.72 Cr.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Samvardh. Mothe.	119.35	37.62	125998.56	0.47	845.63	-3.25	30172.97	8.49	13.66	117367.72	8.86	3348.88	851.18	3.39	4.60	0.53
2.	Bosch	39145.00	50.82	115447.07	1.31	554.20	10.82	4794.80	9.11	21.11	18959.70	13.11	2271.53	554.20	8.23	10.70	0.01
3.	Uno Minda	1318.20	69.59	76098.62	0.17	322.79	27.14	4814.03	13.41	18.83	18015.43	11.54	1093.46	303.99	12.21	9.36	0.46
4.	Bharat Forge	1483.40	65.64	70955.75	0.57	299.28	22.83	4031.93	9.31	12.18	15268.83	17.66	1080.93	299.20	7.58	4.72	0.71
5.	Schaeffler India	3800.20	53.23	59491.23	0.74	306.65	24.08	2360.14	13.86	25.67	8834.57	18.98	1117.62	306.65	10.79	14.85	0.01
6.	Tube Investments	2527.40	78.04	48916.26	0.14	302.05	-9.73	5522.64	12.15	21.80	20793.88	9.22	626.78	186.66	6.50	7.33	0.09
7.	Endurance Tech.	2599.30	41.85	36565.34	0.38	227.27	11.97	3582.82	23.01	17.26	12724.36	13.48	873.65	227.27	5.84	9.21	0.20
8.	JBM Auto	665.40	107.14	15730.19	0.13	45.08	48.19	1203.07	9.41	14.31	5060.92	8.37	146.82	45.08	12.93	3.96	1.56
–	Median: 126 Co.	467.85	29.56	1295.3	0.37	12.47	10.98	212.47	11.11	14.73	825.68	12.04	38.48	10.76	3.09	6.48	0.39

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	927	1,260	1,277	844	1,054	1,234	964	1,332	1,346	1,010	808	1,100	1,203
Expenses	838	1,172	1,175	765	957	1,135	882	1,266	1,235	919	741	1,013	1,092
Operating Profit	88	89	102	79	98	99	82	65	111	91	66	87	111
Other Income	10	3	16	8	9	8	12	8	16	11	8	19	20
Profit before tax	41	29	42	26	45	43	37	13	54	52	14	39	61
Tax %	28%	28%	27%	25%	25%	26%	27%	22%	28%	26%	27%	22%	26%
Net Profit	29	21	30	19	34	32	27	10	39	38	11	30	45
EPS in Rs	1.25	0.88	1.28	0.82	1.43	1.36	1.13	0.43	1.66	1.62	0.45	1.29	1.91

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	566	600	567	698	766	2,207	1,947	1,966	3,168	3,749	4,244	4,778	5,061
Expenses	502	534	504	622	677	1,949	1,717	1,764	2,844	3,411	3,945	4,379	4,637
Operating Profit	63	66	63	76	89	258	230	202	324	338	299	398	424
Other Income	6	10	11	26	11	25	15	13	24	38	27	60	60
Interest	22	21	28	30	27	59	64	57	75	109	134	163	170
Depreciation	14	16	21	23	25	75	74	76	85	100	109	115	114
Profit before tax	34	39	25	49	47	148	107	82	188	166	82	180	200
Net Profit	24	34	25	40	32	97	69	53	157	122	61	134	147
EPS in Rs	1.19	1.65	1.21	1.95	1.57	4.74	2.94	2.24	6.64	5.14	2.57	5.67	6.21
Dividend Payout %	13%	30%	29%	21%	25%	10%	12%	13%	8%	13%	29%	15%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	10	20	20	20	20	20	24	24	24	24	24	24	24
Reserves	151	162	177	169	191	619	674	718	867	977	1,021	1,136	1,193
Borrowings	194	264	253	297	355	781	627	842	1,090	1,290	1,256	1,312	1,897
Other Liabilities	228	176	268	230	223	580	678	866	921	766	983	981	906
Total Liabilities	583	623	719	717	789	2,000	2,003	2,450	2,901	3,056	3,284	3,453	4,020
Fixed Assets	197	287	286	279	265	834	861	871	925	979	959	967	949
Gross Block	278	384	402	302	313	1,045	1,143	1,225	1,362	1,515	1,602	1,713	–
Accumulated Depreciation	81	97	116	23	48	210	282	354	437	536	643	746	–
CWIP	54	6	24	34	63	70	90	108	50	10	72	12	41
Investments	71	71	71	71	76	41	48	76	152	229	300	300	299
Other Assets	260	258	338	333	385	1,055	1,004	1,395	1,775	1,838	1,954	2,174	2,730
Total Assets	583	623	719	717	789	2,000	2,003	2,450	2,901	3,056	3,284	3,453	4,020

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	91	19	83	54	31	152	370	14	32	62	489	329
Cash from Investing Activity	-88	-62	-34	-33	-51	-190	-123	-159	-186	-141	-311	-146
Cash from Financing Activity	-3	45	-50	-23	20	46	-236	138	166	68	-184	-126
Net Cash Flow	1	1	-2	-2	0	9	11	-7	12	-11	-5	57

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	93	75	78	82	90	101	93	132	71	79	63	75
Inventory Days	66	78	154	93	100	68	80	94	64	54	72	55
Days Payable	101	90	202	135	107	97	108	148	88	57	73	58
Cash Conversion Cycle	58	63	31	41	84	73	65	78	48	76	62	72
Working Capital Days	-60	-36	-58	-31	-16	-5	-11	-13	-4	5	-17	2
ROCE %	17%	15%	12%	15%	14%	21%	12%	10%	15%	13%	9%	14%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%	67.53%
FIIs	1.37%	1.66%	1.73%	2.52%	2.82%	3.34%	3.30%	3.26%	3.28%	2.75%	2.30%	1.90%
DIIs	0.02%	0.05%	0.02%	0.03%	0.04%	0.06%	0.05%	0.06%	0.07%	0.07%	0.09%	0.08%
Public	31.08%	30.76%	30.72%	29.91%	29.62%	29.09%	29.12%	29.14%	29.12%	29.64%	30.07%	30.47%

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

JBM Auto Announces Trading Window Closure for Financial Results

24th March 2026, 11:13 pm

JBM Auto Clarifies Trading Volume, Cites Market Conditions

19th March 2026, 7:40 pm

JBM Auto Announces Q3 FY26 Unaudited Financial Results Publication

31st January 2026, 9:33 pm

JBM Auto Reports 15.60% YoY Revenue Growth in Q3 FY26; Electric Bus Launched for European Market

30th January 2026, 10:46 pm

JBM Auto Q3 FY26 Results: Consolidated Revenue Up 15.6%, Standalone PAT Down 36.7%

30th January 2026, 7:57 pm

Published by Other Websites

External media mentions & references

Breakout Stocks Surge: Top 10 Gainers Set to Dominate Tomorrow's Trading

1st April 2026, 5:36 pm

Midcaps Surge 3% on Geopolitical De-escalation Hopes

1st April 2026, 10:25 am

India's E-Bus Race: Service Trumps Manufacturing for New Leaders

30th March 2026, 5:06 pm

Olectra, JBM Shares Surge on 10,000 E-Bus Plan; Valuations Loom

24th March 2026, 6:59 pm

Indian Stocks Surge 2% as Geopolitical Fears Ease; SMIDs Lead Rally

24th March 2026, 1:56 pm

News Articles

Editorial & research coverage

JBM Auto: Mixed Q3 Signals Amidst Margin Squeeze

30th January 2026, 2:52 pm

Nifty Hits Record High! Discover Top 3 Stocks Surging with Massive Volume Breakouts Today!

3rd January 2026, 5:07 pm

Auto Ancillary Stocks Surge Up To 12%! Why Are OEM Shares Soaring In Demand?

2nd January 2026, 12:34 pm

Fortum's India EV Charging Exit: JBM Group in Exclusive Talks for Massive Network Deal!

29th December 2025, 5:55 am

Stocks EXPLODE on Record Volume: Ajanta Pharma, JBMA, Manappuram Finance Surge Higher!

24th December 2025, 1:15 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

11m - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, for Qtr ended 31.12.2025.

Rumour verification - Regulation 30(11)

30 Dec - Denies any agreement referenced in Livemint; corporate office closed Dec 29, 2025–Jan 1, 2026; update on Jan 2.

Clarification sought from JBM Auto Ltd

29 Dec - Exchange has sought Clarification from JBM Auto Ltd with reference to the media report titled "JBM Group signs exclusivity pact to buy Fortum's EV charging …

Closure of Trading Window

Clarification

22 Dec - Company states increased share volumes are market-driven; no undisclosed material/price-sensitive information; disclosures compliant (22 Dec 2025).