JTEKT India Limited (IN:JTEKTINDIA)
:JTEKTINDIA
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JTEKT India Limited
(JTEKTINDIA)
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Rating:50Neutral
Price Target:
₹129.00
▼(-18.82% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak cash conversion (multi-year negative free cash flow, worse in FY2026) and rising debt, alongside a technically weak setup with the stock below major moving averages. Steady revenue growth and a generally sound balance sheet provide partial support, but a high P/E and low dividend yield limit valuation appeal.
Positive Factors
OEM-focused product specialization
JTEKT India’s clear focus on steering systems, bearings and related drivetrain parts supports durable demand from OEMs and industrial customers. Specialized engineering, manufacturing and JTEKT group technical lineage create higher switching costs and long-term supply relationships that underpin stable revenue streams and recurring contract opportunities.
Negative Factors
Weak, volatile cash generation
Multi-year negative free cash flow and a sharp fall in operating cash flow reduce the firm's ability to self-fund capex, tooling and working-capital needs. Persistent cash deficits increase reliance on external financing, heighten refinancing risk, and constrain capacity to return capital or invest in margin-improving initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM-focused product specialization
JTEKT India’s clear focus on steering systems, bearings and related drivetrain parts supports durable demand from OEMs and industrial customers. Specialized engineering, manufacturing and JTEKT group technical lineage create higher switching costs and long-term supply relationships that underpin stable revenue streams and recurring contract opportunities.
Read all positive factors
JTEKT India Limited (JTEKTINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.76B
Dividend Yield0.49%
Average Volume (3M)11.25K
Price to Earnings (P/E)41.4
Beta (1Y)1.16
Revenue Growth11.10%
EPS Growth-2.62%
CountryIN
Employees1,592
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)2.71
Shares Outstanding277,316,220
10 Day Avg. Volume7,909
30 Day Avg. Volume11,249
Financial Highlights & Ratios
PEG Ratio-20.01
Price to Book (P/B)2.68
Price to Sales (P/S)1.19
P/FCF Ratio-9.00
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)3.15
Revenue Forecast (FY)₹28.90B
JTEKT India Limited Business Overview & Revenue Model
Company Description
JTEKT India Limited manufactures and sells steering systems and other auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. The company offers steering gears, columns and RPS assemblies, axle as...
How the Company Makes Money
JTEKT India Limited makes money primarily by manufacturing and selling components—most notably steering systems and related parts—to customers in the automotive sector, especially original equipment manufacturers (OEMs) and, where applicable, thei...
JTEKT India Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.46B | 26.66B | 23.99B | 22.45B | 20.44B | 15.89B |
| Gross Profit | 6.66B | 3.56B | 6.59B | 6.26B | 5.98B | 4.06B |
| EBITDA | 1.90B | 2.00B | 1.85B | 2.33B | 1.91B | 1.31B |
| Net Income | 699.48M | 768.91M | 752.63M | 1.07B | 871.17M | 369.05M |
Balance Sheet | ||||||
| Total Assets | 17.71B | 19.71B | 14.63B | 12.75B | 10.74B | 10.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.03B | 718.68M | 163.08M | 753.64M | 572.83M | 789.12M |
| Total Debt | 2.64B | 3.40B | 1.56B | 1.15B | 617.64M | 709.92M |
| Total Liabilities | 6.33B | 7.85B | 5.83B | 4.53B | 3.41B | 3.39B |
| Stockholders Equity | 11.38B | 11.86B | 8.80B | 8.22B | 7.03B | 6.32B |
Cash Flow | ||||||
| Free Cash Flow | -1.43B | -3.54B | -805.75M | -229.80M | -21.36M | -140.67M |
| Operating Cash Flow | 230.62M | 859.22M | 1.94B | 1.72B | 952.00M | 1.08B |
| Investing Cash Flow | -1.66B | -4.76B | -2.72B | -1.72B | -844.43M | -1.26B |
| Financing Cash Flow | 3.28B | 4.12B | 180.24M | 279.91M | -279.73M | 143.89M |
JTEKT India Limited Technical Analysis
Negative
158.90
Price Trends
131.27
Negative
136.59
Negative
143.36
Negative
Market Momentum
-1.13
Positive
43.34
Neutral
8.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JTEKTINDIA, the sentiment is Negative. The current price of 158.9 is above the 20-day moving average (MA) of 134.61, above the 50-day MA of 131.27, and above the 200-day MA of 143.36, indicating a bearish trend. The MACD of -1.13 indicates Positive momentum. The RSI at 43.34 is Neutral, neither overbought nor oversold. The STOCH value of 8.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JTEKTINDIA.
JTEKT India Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹36.25B | 14.68 | ― | 2.39% | 11.39% | 79.67% | |
72 Outperform | ₹636.53B | 47.53 | ― | 0.73% | 18.32% | 25.14% | |
70 Outperform | ₹1.06T | 37.19 | ― | 1.42% | 10.77% | 37.61% | |
67 Neutral | ₹280.92B | 50.50 | ― | 0.13% | 7.52% | 12.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹25.59B | 11.59 | ― | 1.07% | 56.14% | 600.44% | |
50 Neutral | ₹35.76B | 41.39 | ― | 0.49% | 11.10% | -2.62% |
* Industrials Sector Average
IN:JTEKTINDIA
JTEKT India Limited
128.95
-5.90
-4.38%
IN:BOSCHLTD
Bosch Limited
36,055.90
4,008.33
12.51%
IN:NRBBEARING
NRB Bearings Ltd.
374.00
115.91
44.91%
IN:RML
Rane (Madras) Limited
925.85
94.03
11.30%
IN:SCHAEFFLER
Schaeffler India Ltd
4,072.40
104.05
2.62%
IN:ZFCVINDIA
ZF Commercial Vehicle Control Systems India Limited
14,810.40
1,756.38
13.45%
JTEKT India Limited Corporate Events
JTEKT India Closes Trading Window Ahead of FY 2026 Results
Mar 23, 2026
JTEKT India Limited has announced the closure of its trading window for designated persons from 1 April 2026 until 48 hours after the declaration of its audited financial results for the year ending 31 March 2026. The move, made under the company&...
JTEKT India Says Tax Assessment on Merged Unit Has No Financial Impact
Mar 22, 2026
JTEKT India Limited has disclosed that it received an assessment order from the Income Tax Authority concerning its merged subsidiary, JTEKT Fuji Kiko Automotive India Limited, for the financial year 2022-23. The tax department noted that since th...
JTEKT India receives GST show cause notice seeking interest demand
Mar 19, 2026
JTEKT India Limited has disclosed that it received a Show Cause Notice in Form GST DRC-01 from the Office of the Commissioner of CGST Audit, Gurugram, on March 18, 2026. The notice demands interest of Rs 2,00,33,663 on GST related to debit notes i...
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.