JTEKTINDIA

Jtekt India Limited

Steering systems and driveline components for passenger vehicles

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

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Key metrics

Price as of 2026-10-16

Stock price
₹116.30
Market cap
3,226 Cr
Stock P/E
44.6
P/B
2.72
Dividend yield
0.6%
ROE (FY23)
11.1%
ROCE (FY23)
15.0%
Operating margin (FY23)
5.6%
Debt / equity (FY23)
0.08
OCF / EBITDA (FY26)
49.5%
OCF / EBITDA (3Y)
79.1%

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

JTEKT India makes steering systems and driveline parts, including electric power steering, manual steering gears and CVJ, mainly for Maruti Suzuki and other passenger-vehicle makers in India.

Company snapshot

48thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓Debt-to-equity of 0.08x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales592 Cr552 Cr632 Cr553 Cr605 Cr592 Cr649 Cr566 Cr639 Cr680 Cr780 Cr718 Cr
Operating expenses (approx.)542 Cr501 Cr562 Cr516 Cr558 Cr548 Cr593 Cr535 Cr593 Cr628 Cr709 Cr680 Cr
EBITDA50 Cr51 Cr70 Cr37 Cr47 Cr44 Cr57 Cr31 Cr46 Cr52 Cr71 Cr38 Cr
OPM %8.4%9.2%11.0%6.8%7.8%7.4%8.7%5.5%7.2%7.7%9.1%5.3%
Other income8 Cr1 Cr4 Cr5 Cr1 Cr2 Cr2 Cr9 Cr4 Cr8 Cr4 Cr4 Cr
Interest1 Cr1 Cr2 Cr2 Cr2 Cr3 Cr3 Cr4 Cr2 Cr4 Cr5 Cr5 Cr
Depreciation18 Cr20 Cr23 Cr20 Cr21 Cr20 Cr22 Cr21 Cr23 Cr26 Cr29 Cr28 Cr
Profit before tax39 Cr31 Cr49 Cr20 Cr26 Cr22 Cr34 Cr15 Cr25 Cr27 Cr38 Cr9 Cr
Tax %23.7%23.6%29.8%25.8%26.0%26.8%27.0%25.6%27.0%25.0%28.5%27.8%
Net profit30 Cr24 Cr34 Cr15 Cr19 Cr16 Cr25 Cr11 Cr18 Cr20 Cr27 Cr6 Cr
EPS (₹)₹1.22₹0.97₹1.35₹0.59₹0.77₹0.64₹0.97₹0.43₹0.68₹0.73₹0.99₹0.22

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,323 Cr1,251 Cr1,773 Cr1,531 Cr1,350 Cr1,610 Cr2,073 Cr2,245 Cr2,399 Cr2,666 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,195 Cr1,110 Cr1,572 Cr1,413 Cr1,258 Cr1,499 Cr1,907 Cr2,030 Cr2,215 Cr2,465 CrSign in free for the trailing twelve months
EBITDA128 Cr141 Cr201 Cr118 Cr92 Cr111 Cr166 Cr215 Cr185 Cr200 CrSign in free for the trailing twelve months
OPM %9.7%11.3%11.3%7.7%6.9%6.9%8.0%9.6%7.7%7.5%Sign in free for the trailing twelve months
Other income6 Cr3 Cr13 Cr11 Cr8 Cr10 Cr13 Cr11 Cr10 Cr25 CrSign in free for the trailing twelve months
Interest24 Cr21 Cr16 Cr10 Cr5 Cr4 Cr5 Cr6 Cr10 Cr15 CrSign in free for the trailing twelve months
Depreciation75 Cr73 Cr91 Cr87 Cr78 Cr66 Cr68 Cr81 Cr83 Cr99 CrSign in free for the trailing twelve months
Profit before tax36 Cr49 Cr107 Cr33 Cr18 Cr45 Cr103 Cr146 Cr102 Cr105 CrSign in free for the trailing twelve months
Tax %29.5%34.4%36.1%15.7%30.3%26.7%22.4%27.0%26.5%26.8%Sign in free for the trailing twelve months
Net profit25 Cr32 Cr69 Cr28 Cr12 Cr33 Cr80 Cr107 Cr75 Cr77 CrSign in free for the trailing twelve months
EPS (₹)₹1.26₹1.63₹2.80₹1.13₹0.50₹1.36₹3.26₹4.20₹2.96₹2.84Sign in free for the trailing twelve months
Dividend payout %————72.3%12.3%12.7%17.0%20.6%23.4%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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital20 Cr20 Cr24 Cr24 Cr24 Cr24 Cr24 Cr25 Cr25 Cr28 Cr
Reserves279 Cr298 Cr549 Cr549 Cr553 Cr582 Cr652 Cr796 Cr854 Cr1,158 Cr
Borrowings179 Cr173 Cr136 Cr49 Cr35 Cr67 Cr58 Cr110 Cr153 Cr337 Cr
Other liabilities287 Cr247 Cr324 Cr213 Cr273 Cr272 Cr283 Cr343 Cr430 Cr448 Cr
Total liabilities765 Cr737 Cr1,034 Cr837 Cr886 Cr946 Cr1,016 Cr1,275 Cr1,463 Cr1,971 Cr
Fixed assets (net)405 Cr375 Cr439 Cr402 Cr358 Cr341 Cr422 Cr478 Cr562 Cr808 Cr
CWIP13 Cr9 Cr9 Cr2 Cr6 Cr93 Cr24 Cr93 Cr302 Cr400 Cr
Investments34 Cr33 Cr5 Cr5 Cr5 Cr12 Cr11 Cr5 Cr0 Cr0 Cr
Loans & advances——1 Cr1 Cr0.98 Cr0.07 Cr0.04 Cr0.04 Cr0 Cr0.03 Cr
Inventories78 Cr76 Cr104 Cr108 Cr124 Cr137 Cr177 Cr201 Cr189 Cr221 Cr
Trade receivables150 Cr182 Cr271 Cr196 Cr257 Cr245 Cr284 Cr330 Cr323 Cr378 Cr
Cash & bank3 Cr3 Cr112 Cr46 Cr65 Cr62 Cr37 Cr75 Cr16 Cr38 Cr
Other assets82 Cr59 Cr92 Cr77 Cr70 Cr55 Cr63 Cr92 Cr70 Cr126 Cr
Total assets765 Cr737 Cr1,034 Cr837 Cr886 Cr946 Cr1,016 Cr1,275 Cr1,463 Cr1,971 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity150 Cr80 Cr170 Cr107 Cr83 Cr96 Cr83 Cr181 Cr194 Cr99 Cr
Cash from investing-61 Cr-30 Cr22 Cr-25 Cr-22 Cr-114 Cr-84 Cr-180 Cr-272 Cr-470 Cr
Cash from financing-91 Cr-50 Cr-83 Cr-148 Cr-42 Cr15 Cr-24 Cr28 Cr18 Cr392 Cr
Net cash flow-2 Cr-0.0037 Cr108 Cr-67 Cr19 Cr-3 Cr-25 Cr29 Cr-59 Cr22 Cr
Free cash flow (OCF − Capex)84 Cr44 Cr102 Cr73 Cr55 Cr-24 Cr-11 Cr-14 Cr-85 Cr-345 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROCE %14.0%15.9%18.2%7.9%3.8%8.2%15.0%
ROE %9.3%12.1%11.8%4.9%1.9%5.6%11.1%
Debtor days41525647695550
Inventory days39383641514747
Days payable78696652806555
Cash conversion cycle2212536403842
OCF / EBITDA %111.2%58.9%82.9%90.9%88.8%84.4%51.0%
OCF / EBITDA % (3 years)——83.5%77.6%86.6%88.1%70.5%
Debt / equity0.470.410.230.080.060.110.08
Current ratio0.810.931.331.641.731.681.84
Net debt / EBITDA1.22—0.06-0.09-0.310.020.06