JAMNAAUTO
Jamna Auto Industries Limited
Leaf springs and suspension systems for commercial vehicles and aftermarket
Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments
jaispring.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹140.85
Market cap
5,648 Cr
Stock P/E
24.2
P/B
4.89
Dividend yield
1.5%
ROE (FY26)
20.1%
ROCE (FY26)
29.0%
Operating margin (FY26)
12.8%
OCF / EBITDA (FY26)
128.9%
OCF / EBITDA (3Y)
86.8%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Jamna Auto Industries (JAI) makes leaf springs, air suspension systems and lift axles for commercial vehicles, selling mainly to vehicle makers and also to the replacement (aftermarket) market.
Company snapshot
38thBy market cap
Ranked among 94 companies in Auto Components & Equipments.
What we see
Positives
- ✓87% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 607 Cr | 604 Cr | 640 Cr | 557 Cr | 513 Cr | 562 Cr | 638 Cr | 573 Cr | 531 Cr | 668 Cr | 840 Cr | 611 Cr |
| Operating expenses (approx.) | 528 Cr | 518 Cr | 551 Cr | 482 Cr | 447 Cr | 485 Cr | 554 Cr | 497 Cr | 462 Cr | 554 Cr | 703 Cr | 526 Cr |
| EBITDA | 79 Cr | 86 Cr | 89 Cr | 75 Cr | 66 Cr | 77 Cr | 84 Cr | 76 Cr | 69 Cr | 114 Cr | 137 Cr | 85 Cr |
| OPM % | 13.0% | 14.3% | 13.9% | 13.4% | 12.9% | 13.7% | 13.1% | 13.3% | 13.0% | 17.1% | 16.3% | 13.9% |
| Other income | 1 Cr | 1 Cr | 0.56 Cr | 1 Cr | 1 Cr | 0.98 Cr | 1 Cr | 2 Cr | 3 Cr | 3 Cr | 1 Cr | 3 Cr |
| Interest | 0.82 Cr | 1 Cr | 1 Cr | 0.75 Cr | 0.56 Cr | 0.81 Cr | 1 Cr | 0.65 Cr | 3 Cr | 5 Cr | 5 Cr | 4 Cr |
| Depreciation | 11 Cr | 12 Cr | 10 Cr | 11 Cr | 11 Cr | 14 Cr | 11 Cr | 13 Cr | 13 Cr | 17 Cr | 17 Cr | 18 Cr |
| Profit before tax | 69 Cr | 74 Cr | 78 Cr | 65 Cr | 56 Cr | 63 Cr | 72 Cr | 64 Cr | 56 Cr | 83 Cr | 116 Cr | 66 Cr |
| Tax % | 27.1% | 25.6% | 29.7% | 28.2% | 28.6% | 30.6% | 30.4% | 29.1% | 29.4% | 29.9% | 24.7% | 26.2% |
| Net profit | 50 Cr | 55 Cr | 55 Cr | 46 Cr | 40 Cr | 44 Cr | 50 Cr | 46 Cr | 40 Cr | 58 Cr | 87 Cr | 49 Cr |
| EPS (₹) | ₹1.26 | ₹1.38 | ₹1.38 | ₹1.16 | ₹1.00 | ₹1.10 | ₹1.27 | ₹1.15 | ₹1.00 | ₹1.46 | ₹2.19 | ₹1.21 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,410 Cr | 1,757 Cr | 2,135 Cr | 1,129 Cr | 1,079 Cr | 1,718 Cr | 2,325 Cr | 2,427 Cr | 2,270 Cr | 2,612 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,210 Cr | 1,519 Cr | 1,858 Cr | 1,015 Cr | 947 Cr | 1,492 Cr | 2,064 Cr | 2,099 Cr | 1,969 Cr | 2,216 Cr | Sign in free for the trailing twelve months |
| EBITDA | 200 Cr | 238 Cr | 277 Cr | 114 Cr | 132 Cr | 226 Cr | 261 Cr | 327 Cr | 302 Cr | 396 Cr | Sign in free for the trailing twelve months |
| OPM % | 14.2% | 13.5% | 13.0% | 10.1% | 12.3% | 13.2% | 11.2% | 13.5% | 13.3% | 15.2% | Sign in free for the trailing twelve months |
| Other income | 5 Cr | 8 Cr | 11 Cr | 16 Cr | 10 Cr | 5 Cr | 11 Cr | 4 Cr | 5 Cr | 9 Cr | Sign in free for the trailing twelve months |
| Interest | 12 Cr | 18 Cr | 25 Cr | 17 Cr | 6 Cr | 3 Cr | 2 Cr | 4 Cr | 3 Cr | 13 Cr | Sign in free for the trailing twelve months |
| Depreciation | 48 Cr | 41 Cr | 46 Cr | 41 Cr | 36 Cr | 37 Cr | 41 Cr | 44 Cr | 47 Cr | 61 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 145 Cr | 186 Cr | 215 Cr | 72 Cr | 101 Cr | 191 Cr | 229 Cr | 283 Cr | 256 Cr | 320 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.8% | 32.7% | 36.2% | 33.2% | 27.7% | 26.4% | 26.6% | 27.5% | 29.5% | 27.8% | Sign in free for the trailing twelve months |
| Net profit | 105 Cr | 125 Cr | 137 Cr | 48 Cr | 73 Cr | 141 Cr | 168 Cr | 205 Cr | 180 Cr | 231 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.64 | ₹3.15 | ₹3.45 | ₹1.20 | ₹1.83 | ₹3.53 | ₹4.23 | ₹5.15 | ₹4.52 | ₹5.79 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 13.6% | 28.3% | 42.6% | 42.7% | 1.8% | 36.3% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr |
| Reserves | 293 Cr | 384 Cr | 470 Cr | 477 Cr | 540 Cr | 645 Cr | 744 Cr | 863 Cr | 953 Cr | 1,107 Cr |
| Borrowings | 62 Cr | 47 Cr | 4 Cr | 137 Cr | — | 178 Cr | 19 Cr | 159 Cr | 127 Cr | — |
| Other liabilities | 166 Cr | 318 Cr | 555 Cr | 137 Cr | 303 Cr | 331 Cr | 257 Cr | 288 Cr | 404 Cr | 501 Cr |
| Total liabilities | 561 Cr | 789 Cr | 1,068 Cr | 790 Cr | 883 Cr | 1,193 Cr | 1,060 Cr | 1,350 Cr | 1,525 Cr | 1,648 Cr |
| Fixed assets (net) | 281 Cr | 301 Cr | 371 Cr | 366 Cr | 349 Cr | 434 Cr | 360 Cr | 389 Cr | 424 Cr | 769 Cr |
| CWIP | 20 Cr | 31 Cr | 40 Cr | 132 Cr | 134 Cr | 53 Cr | 56 Cr | 121 Cr | 275 Cr | 108 Cr |
| Investments | 0.47 Cr | 0.47 Cr | 0.47 Cr | 0.47 Cr | 0.47 Cr | 0.47 Cr | 0.0066 Cr | 0.19 Cr | 3 Cr | 0.19 Cr |
| Loans & advances | — | — | 1 Cr | 0.87 Cr | 13 Cr | 3 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr |
| Inventories | 113 Cr | 158 Cr | 229 Cr | 130 Cr | 210 Cr | 313 Cr | 325 Cr | 358 Cr | 318 Cr | 329 Cr |
| Trade receivables | 34 Cr | 191 Cr | 304 Cr | 80 Cr | 56 Cr | 289 Cr | 79 Cr | 185 Cr | 156 Cr | 79 Cr |
| Cash & bank | 9 Cr | 7 Cr | 19 Cr | 0.71 Cr | 38 Cr | 23 Cr | 51 Cr | 73 Cr | 140 Cr | 102 Cr |
| Other assets | 104 Cr | 100 Cr | 103 Cr | 79 Cr | 83 Cr | 78 Cr | 187 Cr | 222 Cr | 207 Cr | 259 Cr |
| Total assets | 561 Cr | 789 Cr | 1,068 Cr | 790 Cr | 883 Cr | 1,193 Cr | 1,060 Cr | 1,350 Cr | 1,525 Cr | 1,648 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 81 Cr | 126 Cr | 281 Cr | 4 Cr | 208 Cr | 55 Cr | 344 Cr | 90 Cr | 289 Cr | 510 Cr |
| Cash from investing | -83 Cr | -72 Cr | -130 Cr | -102 Cr | -18 Cr | -36 Cr | -88 Cr | -160 Cr | -189 Cr | -245 Cr |
| Cash from financing | 6 Cr | -57 Cr | -139 Cr | 80 Cr | -153 Cr | -35 Cr | -228 Cr | 92 Cr | -34 Cr | -302 Cr |
| Net cash flow | 4 Cr | -2 Cr | 12 Cr | -19 Cr | 37 Cr | -15 Cr | 28 Cr | 22 Cr | 66 Cr | -37 Cr |
| Free cash flow (OCF − Capex) | -7 Cr | 50 Cr | 151 Cr | -111 Cr | 176 Cr | 18 Cr | 344 Cr | -73 Cr | 93 Cr | 510 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 39.9% | 43.4% | 47.0% | 13.6% | 18.4% | 22.5% | 28.9% | 27.0% | 23.1% | 29.0% |
| ROE % | 31.5% | 29.6% | 27.0% | 9.3% | 12.6% | 20.6% | 21.5% | 22.7% | 18.2% | 20.1% |
| Debtor days | 9 | 40 | 52 | 26 | 19 | 61 | 12 | 28 | 25 | 11 |
| Inventory days | 53 | 53 | 58 | 74 | 110 | 98 | 75 | 83 | 85 | 76 |
| Days payable | 36 | 68 | 111 | 22 | 97 | 64 | 33 | 15 | 19 | 49 |
| Cash conversion cycle | 25 | 24 | -1 | 78 | 32 | 96 | 54 | 96 | 90 | 38 |
| OCF / EBITDA % | 40.4% | 53.1% | 101.7% | 3.6% | 157.4% | 24.4% | 131.7% | 27.5% | 95.8% | 128.9% |
| OCF / EBITDA % (3 years) | — | — | 68.3% | 65.5% | 94.4% | 56.6% | 98.0% | 60.1% | 81.2% | 86.8% |
| Debt / equity | 0.19 | 0.11 | 0.0071 | 0.26 | — | 0.26 | 0.02 | 0.18 | 0.13 | — |
| Current ratio | 1.00 | 1.32 | 1.13 | 1.33 | 1.40 | 1.44 | 2.11 | 1.59 | 1.36 | 1.31 |
| Net debt / EBITDA | 0.26 | 0.17 | -0.06 | 1.19 | -0.29 | 0.69 | -0.12 | 0.26 | -0.04 | -0.26 |