Jay Bharat Maruti Limited (JAYBARMARU) AI Stock Analysis

• Market Cap: ₹9.19B
• Dividend Yield: 0.74%
• Average Volume (3M): 30.39K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.01
• Revenue Growth: 4.76%
• EPS Growth: 150.94%
• Country: IN
• Employees: 1,077
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 1.70
• Shares Outstanding: 108,250,000
• 10 Day Avg. Volume: 11,155
• 30 Day Avg. Volume: 30,395
• PEG Ratio: 9.83
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -9.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹89.00 ▼(-2.65% Downside)

Jay Bharat Maruti Limited's stock score is primarily driven by its solid financial performance, despite low profitability and rising debt levels. Technical indicators suggest a bearish trend, and valuation metrics are reasonable but not compelling. The lack of earnings call data and corporate events limits further insights.

Positive Factors

Consistent Revenue Growth

Sustained revenue growth indicates durable demand from OEM customers and successful program wins. For an auto-ancillary supplier, steady top-line expansion supports scale economies, preserves production capacity utilization, and underpins long-term supplier relationships across vehicle cycles.

Improving Margins and Operational Efficiency

Rising gross and EBIT margins reflect better cost control, productivity gains and potentially higher value-added assembly mix. These structural improvements boost the firm’s ability to absorb input cost swings and support sustainable operating profitability over multi-quarter horizons.

Strong Operating Cash Generation

Healthy operating cash flow and a high OCF-to-net-income ratio indicate real cash conversion from operations versus accrual earnings. This provides durable funding for working capital and investment needs, supporting operational continuity and reducing reliance on external short-term financing.

Negative Factors

Very Low Net Profit Margin

A sub-2% net margin leaves limited buffer against commodity cost swings, warranty or pricing pressures. Over the medium term this constrains retained earnings, limits reinvestment capacity and makes profitability vulnerable to small adverse changes in costs or volumes.

Rising Leverage

Elevated and rising leverage increases interest expense and reduces financial flexibility. In a cyclical industry like auto components, higher debt magnifies refinancing and demand-risk, making the company more sensitive to downturns and constraining strategic optionality.

Negative Free Cash Flow Due to Capex

Negative FCF driven by higher capex pressures liquidity and may require continued external funding. If incremental investments do not secure higher-margin programs or productivity gains, persistent negative FCF could weaken balance sheet resilience and increase funding costs over time.

Jay Bharat Maruti Limited Business Overview & Revenue Model

Company Description

Jay Bharat Maruti Limited manufactures and sells auto components and assemblies in India. It offers sheet metal components, welded assemblies, exhaust systems, fuel fillers, rear axles, muffler assemblies, fuel necks, tools and dies, spare parts, components, BIW parts, and suspension parts for motor vehicles. The company was founded in 1986 and is based in Gurugram, India.

How the Company Makes Money

Jay Bharat Maruti Limited generates revenue through the manufacture and supply of automotive components to various automobile manufacturers. The primary revenue stream comes from contracts and orders placed by these manufacturers, who require high-quality parts for their vehicles. The company benefits from economies of scale due to its large production capacity and efficient manufacturing processes. In addition, it may have partnerships with leading automotive brands that ensure a steady demand for its products. JAYBARMARU also focuses on continuous improvement and innovation in its product offerings, which helps in maintaining competitive pricing and high customer satisfaction, further enhancing its revenue potential.

Jay Bharat Maruti Limited Financial Statement Overview

Summary

Jay Bharat Maruti Limited shows solid revenue growth and improving operational efficiency. However, the net profit margin is low, and rising debt levels pose a risk. Cash flow operations are strong, but increased capital expenditures have negatively impacted free cash flow.

Income Statement

Jay Bharat Maruti Limited has shown consistent revenue growth over the years, with a notable increase of 11.15% from 2022 to 2023. The gross profit margin has improved, reaching 22.35% in 2025, indicating better cost management. However, the net profit margin remains relatively low at 1.43%, suggesting room for improvement in profitability. The EBIT margin has improved to 13.72% in 2025, reflecting enhanced operational efficiency.

Balance Sheet

The company maintains a stable equity ratio of approximately 33.66% in 2025, which suggests a balanced approach to financing operations with equity and debt. However, the debt-to-equity ratio has increased to 0.96, indicating an elevated reliance on debt, which poses a risk if not managed carefully. Return on equity stands at a modest 5.85%, showing potential for higher profitability.

Cash Flow

Operating cash flow has improved over the years, with a growth rate of 6.22% from 2024 to 2025. However, free cash flow has turned negative in 2025, primarily due to increased capital expenditures. The operating cash flow to net income ratio is healthy at 6.06, indicating effective cash generation relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.14B	22.93B	22.92B	23.44B	20.78B	14.00B
Gross Profit	4.69B	5.13B	1.19B	1.24B	2.40B	2.42B
EBITDA	1.96B	1.67B	1.67B	1.75B	1.50B	1.40B
Net Income	508.17M	329.13M	322.12M	379.04M	281.45M	262.33M
Balance Sheet
Total Assets	0.00	16.72B	15.56B	12.99B	13.27B	12.33B
Cash, Cash Equivalents and Short-Term Investments	29.36M	24.99M	40.34M	72.34M	33.70M	25.95M
Total Debt	0.00	5.40B	4.40B	3.36B	3.80B	3.69B
Total Liabilities	-5.63B	11.09B	10.17B	7.91B	8.53B	7.83B
Stockholders Equity	5.63B	5.63B	5.39B	5.08B	4.74B	4.50B
Cash Flow
Free Cash Flow	0.00	-655.43M	430.24M	871.39M	277.98M	1.12B
Operating Cash Flow	0.00	1.99B	1.88B	1.54B	1.06B	1.63B
Investing Cash Flow	0.00	-2.65B	-1.40B	-649.83M	-758.40M	-498.97M
Financing Cash Flow	0.00	650.45M	-511.38M	-867.47M	-286.09M	-1.13B

Jay Bharat Maruti Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 91.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAYBARMARU, the sentiment is Neutral. The current price of 91.42 is above the 20-day moving average (MA) of 90.27, above the 50-day MA of 89.38, and above the 200-day MA of 84.57, indicating a neutral trend. The MACD of -2.03 indicates Positive momentum. The RSI at 48.32 is Neutral, neither overbought nor oversold. The STOCH value of 44.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JAYBARMARU.

Jay Bharat Maruti Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHARDAMOTR	66 Neutral	₹48.66B	14.57	―	2.75%	6.96%	6.33%
JBMA	64 Neutral	₹131.62B	62.42	―	0.15%	7.63%	11.25%
JAYBARMARU	63 Neutral	₹9.19B	13.88	―	0.74%	4.76%	150.94%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOPERSTOP	58 Neutral	₹39.83B	-239.02	―	―	8.80%	9.81%
UCAL	51 Neutral	₹2.43B	-9.94	―	―	5.70%	-18.05%
SHIVAMAUTO	47 Neutral	₹2.71B	-4.85	―	―	-11.18%	-22.17%