Jamna Auto Industries Limited (IN:JAMNAAUTO)
:JAMNAAUTO
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Jamna Auto Industries Limited
(JAMNAAUTO)
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Rating:75Outperform
Price Target:
₹144.00
▲(8.93% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by strong financial performance (improving profitability and a sharply de-risked balance sheet), tempered by historically inconsistent cash-flow conversion. Technicals are supportive but not fully confirmed due to mixed momentum signals, and valuation provides limited upside support given the ~26x P/E and modest dividend yield.
Positive Factors
Improving Profitability
Sustained margin improvement and double-digit revenue growth in FY2026 indicate stronger operating efficiency and pricing or mix advantages in core suspension products. Durable higher margins enhance internal funding for capex, support returns, and increase resilience to normal industry cost swings.
Negative Factors
Volatile Cash Conversion
Historical swings in free cash flow and inconsistent conversion of accounting earnings to cash reduce predictability for reinvestment and payouts. Even with FY2026 improvement, uneven cash cycles can constrain funding for growth or require external financing in downcycles, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Sustained margin improvement and double-digit revenue growth in FY2026 indicate stronger operating efficiency and pricing or mix advantages in core suspension products. Durable higher margins enhance internal funding for capex, support returns, and increase resilience to normal industry cost swings.
Read all positive factors
Jamna Auto Industries Limited (JAMNAAUTO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.87B
Dividend Yield1.63%
Average Volume (3M)137.50K
Price to Earnings (P/E)22.8
Beta (1Y)1.65
Revenue Growth15.04%
EPS Growth28.14%
CountryIN
Employees1,061
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)4.51
Shares Outstanding399,786,620
10 Day Avg. Volume62,330
30 Day Avg. Volume137,495
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)3.89
Price to Sales (P/S)1.71
P/FCF Ratio18.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.6
Revenue Forecast (FY)₹27.59B
Jamna Auto Industries Limited Business Overview & Revenue Model
Company Description
Jamna Auto Industries Limited (JAI) is a leading producer and global distributor of vehicle suspension systems. The company specializes in manufacturing a diverse range of components, including tapered leaf springs, parabolic springs, and lift axl...
How the Company Makes Money
Jamna Auto Industries makes money by manufacturing and selling suspension components—primarily leaf springs and associated assemblies—used mainly in commercial vehicles. Its key revenue streams are (1) OEM sales: supplying suspension/leaf spring p...
Jamna Auto Industries Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.04B | 26.12B | 22.70B | 24.27B | 23.25B | 17.18B |
| Gross Profit | 8.06B | 7.33B | 6.23B | 3.89B | 7.75B | 2.60B |
| EBITDA | 3.14B | 3.96B | 3.07B | 3.33B | 2.74B | 2.32B |
| Net Income | 1.80B | 2.31B | 1.80B | 2.05B | 1.68B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 14.63B | 16.48B | 15.25B | 13.50B | 10.60B | 11.93B |
| Cash, Cash Equivalents and Short-Term Investments | 1.09B | 1.09B | 1.40B | 740.48M | 516.01M | 230.92M |
| Total Debt | 122.15M | 119.13M | 3.58B | 1.70B | 1.04B | 1.91B |
| Total Liabilities | 4.28B | 4.97B | 5.28B | 4.47B | 2.76B | 5.09B |
| Stockholders Equity | 10.35B | 11.47B | 9.93B | 9.03B | 7.84B | 6.85B |
Cash Flow | ||||||
| Free Cash Flow | 1.70B | 2.43B | 909.28M | -734.51M | 2.56B | -359.40M |
| Operating Cash Flow | 2.83B | 5.00B | 2.87B | 899.92M | 3.44B | 10.88M |
| Investing Cash Flow | -1.09B | -2.47B | -1.90B | -1.60B | -881.25M | -361.61M |
| Financing Cash Flow | -2.54B | -2.91B | -311.33M | 923.89M | -2.28B | 195.86M |
Jamna Auto Industries Limited Technical Analysis
Positive
132.20
Price Trends
122.74
Positive
125.36
Positive
117.60
Positive
Market Momentum
2.23
Negative
63.04
Neutral
91.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAMNAAUTO, the sentiment is Positive. The current price of 132.2 is above the 20-day moving average (MA) of 123.11, above the 50-day MA of 122.74, and above the 200-day MA of 117.60, indicating a bullish trend. The MACD of 2.23 indicates Negative momentum. The RSI at 63.04 is Neutral, neither overbought nor oversold. The STOCH value of 91.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JAMNAAUTO.
Jamna Auto Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹52.87B | 22.79 | ― | 1.63% | 15.04% | 28.14% | |
70 Outperform | ₹171.52B | 65.12 | ― | 0.46% | 14.85% | 2.94% | |
67 Neutral | ₹26.98B | 16.42 | ― | 1.63% | 4.82% | 5.68% | |
65 Neutral | ₹37.97B | 24.06 | ― | 1.34% | 15.19% | 39.82% | |
63 Neutral | ₹976.52B | 89.53 | ― | 0.58% | 11.17% | 12.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹5.16B | 26.85 | ― | 3.69% | 5.20% | -24.22% |
* Consumer Cyclical Sector Average
IN:JAMNAAUTO
Jamna Auto Industries Limited
132.25
44.83
51.28%
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IN:WHEELS
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1,554.00
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110.93%
Jamna Auto Industries Limited Corporate Events
CARE reaffirms and assigns high credit ratings to Jamna Auto bank facilities
Mar 13, 2026
Jamna Auto Industries Limited, a major Indian automotive components manufacturer specializing in suspension systems like leaf springs for commercial vehicles, operates several facilities nationwide and supplies to leading vehicle makers and the re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.