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Jamna Auto Industries Limited
(JAMNAAUTO)
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Rating:70Outperform
Price Target:
₹141.00
▲(6.33% Upside)
Action:Reiterated
Date:08/11/26
Overall score is driven primarily by strong financial performance (improving profitability, high ROE, and a sharply de-risked balance sheet), partially offset by inconsistent cash-flow history. Technicals are mixed with weaker short-term momentum despite longer-term trend support, and valuation appears moderate with a modest dividend yield.
Positive Factors
Profitability improvement
Sustained margin expansion through FY2026 indicates improving operating efficiency and pricing/volume mix. Durable margins at the gross and EBIT levels support internal funding for maintenance capex and R&D, and enhance the firm's ability to absorb cyclical dips while preserving long‑term profitability.
Negative Factors
Volatile cash conversion
Intermittent negative free cash flow years highlight inconsistent cash conversion that can constrain predictable reinvestment and shareholder returns. This volatility raises the risk that accounting profits may not reliably translate into distributable cash, complicating long‑term planning and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability improvement
Sustained margin expansion through FY2026 indicates improving operating efficiency and pricing/volume mix. Durable margins at the gross and EBIT levels support internal funding for maintenance capex and R&D, and enhance the firm's ability to absorb cyclical dips while preserving long‑term profitability.
Read all positive factors
Jamna Auto Industries Limited (JAMNAAUTO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹50.66B
Dividend Yield1.71%
Average Volume (3M)137.50K
Price to Earnings (P/E)21.0
Beta (1Y)1.63
Revenue Growth15.89%
EPS Growth30.06%
CountryIN
Employees1,061
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)4.51
Shares Outstanding399,985,140
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)6.4
Revenue Forecast (FY)₹28.35B
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 | 3.94B | 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
Negative
132.60
Price Trends
131.55
Negative
126.36
Negative
123.91
Negative
Market Momentum
-1.31
Positive
38.59
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAMNAAUTO, the sentiment is Negative. The current price of 132.6 is below the 20-day moving average (MA) of 133.46, above the 50-day MA of 131.55, and above the 200-day MA of 123.91, indicating a bearish trend. The MACD of -1.31 indicates Positive momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAMNAAUTO.
Jamna Auto Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹50.66B | 21.01 | ― | 1.58% | 15.89% | 30.06% | |
68 Neutral | ₹256.58B | 75.56 | ― | 0.34% | 18.48% | 11.21% | |
67 Neutral | ₹26.92B | 15.46 | ― | 1.68% | 6.30% | 10.84% | |
63 Neutral | ₹996.00B | 139.81 | ― | 0.40% | 17.54% | -31.63% | |
63 Neutral | ₹33.06B | 21.46 | ― | 0.97% | 17.47% | 39.52% | |
58 Neutral | ₹5.61B | 25.27 | ― | 3.69% | 12.33% | -1.65% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:JAMNAAUTO
Jamna Auto Industries Limited
123.05
31.91
35.01%
IN:AUTOAXLES
Automotive Axles Limited
1,787.95
111.09
6.62%
IN:BHARATFORG
Bharat Forge Ltd
2,075.00
894.69
75.80%
IN:GABRIEL
Gabriel India Limited
1,461.25
321.72
28.23%
IN:MUNJALSHOW
Munjal Showa Limited
139.10
9.52
7.35%
IN:WHEELS
Wheels India Limited
1,436.60
718.03
99.92%
Jamna Auto Industries Limited Corporate Events
Jamna Auto Plans Strategic UK Leaf Spring Acquisition
Jul 24, 2026
Jamna Auto Industries has released an investor presentation detailing its proposed acquisition of Owen Springs Limited, a company incorporated in England and Wales. The move is positioned as a strategic entry into the UK leaf spring aftermarket, s...
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.