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    Consumer Cyclical

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    Auto - Parts
Jay Bharat Maruti Limited

Jay Bharat Maruti Limited

JAYBARMARU.BO
Jay Bharat Maruti LimitedIN flagBombay Stock Exchange
187.40
INR
+8.90
- -
20.26BMarket Cap
Jay Bharat Maruti Limited
JAYBARMARU.BO
(Bombay Stock Exchange)

Recent

price

187.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
97.97
98.69
109.03
111.92
119.55
120.27
135.86
152.36
173.36
144.85
129.34
177.39
198.26
195.09
211.53
235.6
235.63
Revenue per Share
3.54
1.81
1.99
1.53
3.69
3.68
4.97
5.44
4.81
2.61
2.42
2.6
3.5
2.98
3.04
12.9
12.9
Basic EPS, GAAP
-4.71
-4.23
-1.44
1.87
4.58
3.4
5.32
19.3
11.79
14.23
15.09
9.75
14.26
17.34
18.42
18.16
- -
Free Cash Flow per Basic Share
0.3
0.46
0.3
0.3
0.25
0.4
0.4
0.5
0.5
0.5
0.25
0.5
0.5
0.7
0.7
0.7
- -
Dividend per Share
1
11.39
12.82
13.9
16.96
20.05
24.95
29.78
34
36.06
38.23
41.34
44.36
46.61
48.9
2
2
Book Value per Share
11.47
12.98
14.64
15.8
19.78
23.1
27.63
33.01
37.13
39.04
41.53
43.75
46.76
49.6
51.84
64.21
64.22
Tangible Book Value per Share
108
108
108
108
108
108
108
108
108
108
108
108
108
108
108
108
108
Basic Weighted Avg Shares
10,606
10,683
11,802
12,116
12,941
13,019
14,707
16,492
18,767
15,680
14,001
19,203
21,461
21,119
22,901
25,510
25,510
Sales/Revenue/Turnover
6.69
4.51
4.07
5.01
5.19
6.18
6.29
6.56
6.03
5.13
5.01
3.9
4.34
3.89
3.52
7.37
7.62
Operating Margin (%)
351
380
455
455
382
390
414
491
615
625
659
755
801
843
841
947
947
Depreciation Expense
383
196
215
165
400
398
538
589
521
282
262
281
379
322
329
1,397
1,397
Net Income, GAAP
32.38
32.14
32.72
39.5
24.91
33.33
28.1
34.59
36.18
33.43
37.26
34.61
35.2
32.25
32.91
6.62
6.62
Effective Tax Rate (%)
3.61
1.84
1.82
1.36
3.09
3.06
3.66
3.57
2.77
1.8
1.87
1.47
1.77
1.53
1.44
5.48
5.48
Profit Margin (%)
-865
-680
-899
-1,270
-1,015
-730
-796
-1,240
-1,596
-2,011
-2,189
-2,189
-1,760
-2,505
-2,374
-862
-862
Working Capital
481
1,254
1,251
936
670
544
1,158
2,119
2,692
2,791
2,342
2,061
1,440
2,137
3,564
3,597
3,597
LT Debt
1,254
1,412
1,589
1,723
2,182
2,527
3,045
3,602
4,039
4,232
4,499
4,743
5,081
5,387
5,626
6,961
6,961
Total Equity
30.26
13.94
10.42
11.69
14.83
14.02
14.05
11.61
9.84
6.4
5.22
5.85
7.12
6.11
5.19
15.04
15.55
Return on Invested Capital (%)
79.06
20.32
7.39
10.07
17.93
15.71
15.25
12.55
10.62
6.66
5.79
6.15
7.52
6.7
5.66
22.24
22.24
Return on Capital (%)
353.86
29.28
16.43
11.42
23.94
19.87
22.08
19.88
15.08
7.44
6.52
6.53
8.17
6.54
6.37
50.69
50.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,585
- -
1,715
LT Borrowings
2,771
- -
2,757
LT Finance Leases
804
- -
841
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
- -
108
Market Capitalization
11,764
9,811
8,168

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
5,002
- -
4,910
Cash, Cash Equivalents & STI
927
- -
729
Accounts Receivable, Net
1,256
- -
1,169
Inventories
2,520
- -
2,686
Total Current Liabilities
6,856
- -
5,773
Payables & Accruals
- -
- -
- -
ST Debt
2,585
- -
1,715
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.87%
9.35%
23.73%
Free Cash Flow
34.45%
7.45%
-1.4%
Net Income, GAAP
33.36%
70.7%
324.38%
Sales/Revenue/Turnover
7.89%
13.43%
11.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,332
6,133
5,475
4,178
21,119
2025
5,334
5,554
5,907
6,107
22,901
2026
5,568
5,827
6,455
7,660
25,510

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.84
0.62
- -
2.98
2025
0.5
0.28
0.36
1.9
3.04
2026
2.15
1.7
1.7
7.35
12.9

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.7
2025
- -
- -
- -
- -
0.7
2026
- -
- -
- -
- -
0.7
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Business
Jay Bharat Maruti Limited manufactures and supplies key automotive components and assembly systems primarily for passenger cars in India. Its core product portfolio includes sheet metal components and assemblies such as body-in-white (BIW) parts, welded assemblies, exhaust systems, fuel fillers (fuel pipe) and suspension parts. The company also produces rear axles, chassis and suspension systems, cross car and cross truck beams, bumpers and fuel tanks, along with tooling and dies for automotive manufacturing. Jay Bharat Maruti Limited operates multiple manufacturing plants located in Gurgaon, Sonipat, and Gujarat, and maintains strategic alliances with Japanese firms such as SNIC Co. Ltd. and Yorozu Corporation. Founded in 1987 as a joint venture with Maruti Suzuki India Limited (MSIL), the company has established itself as a leading tier-1 supplier to MSIL, supporting its full model range with a strong presence across several automotive segments in India. Recent significant developments include laying the foundation for a new manufacturing plant in Kharkhoda, Sonipat, to support MSIL's upcoming vehicle production facility, with operations expected to commence in phases by 2025. Jay Bharat Maruti is also expanding capacity by setting up a weld shop dedicated to new electric vehicle (EV) models in Gujarat, aligned with MSIL’s investment plans aiming at increasing production capacity for combustion engine and electric vehicles. The company plans capital expenditures of approximately Rs 350 crore over the next two years to meet growing demand, especially from new model launches and EV transition efforts. Jay Bharat Maruti Limited operates under the broader JBM Group conglomerate and primarily serves the Indian automotive market, with over 90% of revenues derived from MSIL. It plays a key role in supplying components for internal combustion engine vehicles as well as the emerging electric vehicle segment. The company benefits from long-standing partnerships and a robust manufacturing infrastructure that supports MSIL's product expansion plans, including 10-11 new models with various fuel options projected by MSIL over the coming years. Its recent operational expansions and strategic investments underscore a focus on growth in electric and hybrid vehicle components, aligned with industry trends toward electrification and sustainability. The company is headquartered in the Delhi National Capital Region, India.