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JTEKT India Ltd (JTEKTINDIA)

₹209.092.23%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for JTEKT India Ltd. An average target of ₹223

Source: S&P Global Market Intelligence

JTEKT India Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹203.5
    ₹210
  • 52 Week's Low

    52 Week's High

    ₹126.05
    ₹225.7
1 Month Return-1.53 %
3 Month Return+ 16.16 %
1 Year Return+ 34.51 %
Previous Close₹204.53
Open₹204.53
Volume1.16L
Upper Circuit-
Lower Circuit-
Market Cap₹5,316.75Cr

Key Statistics

P/E Ratio60.96
PEG Ratio112.89
Market Cap₹5,316.75 Cr
P/B Ratio3.74
EPS3.56

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.55%
Baroda BNP Paribas Small Cap Fund Direct GrowthBaroda BNP Paribas Small Cap Fund Direct Growth2.8%
Baroda BNP Paribas Mid Cap Fund Direct Plan Growth OptionBaroda BNP Paribas Mid Cap Fund Direct Plan Growth Option1.23%
Baroda BNP Paribas Value Fund Direct GrowthBaroda BNP Paribas Value Fund Direct Growth1.46%
Baroda BNP Paribas Aggressive Equity Hybrid Direct GrowthBaroda BNP Paribas Aggressive Equity Hybrid Direct Growth1.4%

Company Information

JTEKT India Ltd., formerly known as Sona Koya Steering Systems Ltd., is the largest manufacturer and supplier of Steering gears, Hydraulic Power Steering Systems, Manual Rack Pinion Steering Systems and Collapsible Tilt and Rigid Steering Columns for Passenger Vans and MUVs in India. JTEKT India hold a 20.47% Equity Stake of the company and its plants are located in Chengalpattu and Gurgaon Harayana. The company started its business in 1985 and had an annual capacity of 125000 Steering Gears and assemblies. Sona KoyaSteering Systems is the Market Leader in the Indian Steering systems category having over 50% share in volume terms and over 30% share in value terms. In 1988 it came out with a 23 crore public issue and in 199091 the Rear Axles Assemblies project was completed with a capacity to manufacture 50000 Nos. It became ISO9002 certified in 1991 and in 2003 it setup a new Division to develop a lighter weight collapsible steering column. JTEKT India acquired 21 stake in Fuji Autotech France in 2004 and a Joint Venture was formed with Fuji Kiko Co Ltd Japan, AAM International Holdings Inc. USA and Arjan Auto Private Limited India. In 200910 it commenced commercial operations with the manufacturing of Reduction Gear Assembly and later started mass production of Column Type Electric Power Steering System. It had set up two other plants at Uttarkhand and Singur for light axles under its JV with American Axle & Manufacturing Holdings Inc. In 2013, Sona Stampings Ltd. became a wholly owned subsidiary of the Company and in 2017, JTEKT acquired a 25.12% stake in the company. Official operations of JTEKT Sona Automotive India Ltd and Sona Fuji Kiko Automotive Ltd started in 200910 and in 2019 the Scheme of Amalgamation between JTEKT Sona Automotive India Ltd and JTEKT India Ltd was approved by the National Company Law Tribunal NCLT. With the completion of the Open Offer, JTEKT Corporation Japan's shareholding in the company increased to a level of 70.45%.

Share Price: ₹209.09 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹5,316.75Cr as of today
Revenue: ₹583.88Cr as on September 2023 (Q3 23)
Net Profit: ₹30.16Cr as on September 2023 (Q3 23)
Listing date: 03 Jan, 1995
Chairperson Name: Hitoshi Mogi
OrganisationJTEKT India Ltd
HeadquartersGurgaon
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for JTEKT India Ltd

  • JTEKT India's Dividend Increase May Not Make It a Good Income Stock - 02 Jul, 2024

    JTEKT India Limited has announced an increase in its dividend to ₹0.60, but the low payout ratio and minimal cash flow may not make it a good income stock. The company's dividend history has been marked by instability, with at least one cut in the last 10 years. While earnings are growing, caution is advised regarding the sustainability of this dividend.

  • JTEKT India Approves Capacity Expansion for CVJ Forging Child Part - 26 Jun, 2024

    JTEKT India has approved a capacity expansion for CVJ Forging Child Part, adding approximately 1.4 million in capacity by October 2026. The investment required will be finalised and approved by the Board while framing the installation capacity.

  • JTEKT India Ltd Shares Gain 25% in Last 30 Days - 22 Jun, 2024

    JTEKT India Ltd shares have gained 25% in the last 30 days, bringing the annual gain to a sharp 45%. The company has shown superior earnings growth and an overall rise of 776% in EPS over the past three years. However, investors are paying a high P/E compared to the market despite average growth expectations, which may weigh down the share price eventually.

  • JTEKT India Ltd's Net Debt is Comfortably Manageable - 18 Jun, 2024

    JTEKT India Ltd has a net debt of about ₹342.3m, which is only 0.16 times its EBITDA. Its EBIT easily covers its interest expense, being 21.8 times the size. However, its conversion of EBIT to free cash flow has been negative over the last three years.

  • JTEKT India Q4 2023-24 Net Sales Up by 17.67% - 12 Jun, 2024

    JTEKT India's standalone net sales for March 2024 quarter stood at Rs. 632.08 crore, up 17.67% YoY. The quarterly net profit rose to Rs. 34.30 crore, a growth of 43.55% YoY. EBITDA increased by 54.65% YoY to Rs. 73.97 crore.

  • JTEKT India Reports Strong FY 2024 Earnings - 05 Jun, 2024

    JTEKT India reported a strong FY 2024 with an EPS of ₹4.20, up from ₹3.33 in FY 2023. Revenue increased by 10%, net income rose by 31%, and profit margin improved to 4.7%. The company forecasts a 10% p.a. revenue growth for the next two years compared to 9.7% for the Auto Components industry. However, JTEKT India's shares are down 4.7% from a week ago.

Insights on JTEKT India Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 8.30% to 8.34% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.48% to 0.58% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 488.48 Cr → 586.07 Cr (in ₹), with an average increase of 16.7% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 17.05 Cr → 27.02 Cr (in ₹), with an average increase of 36.9% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.98% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 319.9% return, outperforming this stock by 232.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 98.6% return, outperforming this stock by 66.5%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 15.62% to 15.48% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, JTEKTINDIA stock has moved down by -3.3%

Company Financials

Value in ₹ crore
Q'3 23Q/Q Change
Revenue
₹583.88Cr
↑22.27%
Net Income
₹30.16Cr
↑61.63%
Net Profit Margin
5.17%
↑32.23%
2023Y/Y Change
Revenue
₹2,043.93Cr
↑28.65%
Net Income
₹87.12Cr
↑111.87%
Net Profit Margin
4.26%
↑64.48%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,280.39Cr
↑18.48%
Total Liabilities
₹458.71Cr
↑32.20%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹82.68Cr
↓13.67%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.98%
0.00
Foreign Institutions
0.58%
21.26
Mutual Funds
8.34%
0.58
Retail Investors
15.48%
-0.95
Others
0.62%
0.02

Key Indicators

JTEKT India Ltd Valuation

JTEKT India Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-510.00x)

January 4, 2021

Today (60.96x)

July 24, 2024

Industry (62.47x)

July 24, 2024

Highest (241.67x)

May 26, 2021

LowHigh

Earnings and Dividends

  • JTEKT India Ltd Earnings Results

    JTEKT India Ltd’s net profit fell -2.7% since last year same period to ₹27.02Cr in the Q2 2023-2024. On a quarterly growth basis, JTEKT India Ltd has generated 58.48% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • JTEKT India Ltd Dividends May,2024

    In the quarter ending March 2024, JTEKT India Ltd has declared dividend of ₹0.60 - translating a dividend yield of 0.29%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

JTEKT India Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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JTEKT India Ltd (JTEKTINDIA) share price today is ₹209.09

JTEKT India Ltd is listed on NSE

JTEKT India Ltd is listed on BSE

  • Today’s highest price of JTEKT India Ltd is ₹210.
  • Today’s lowest price of JTEKT India Ltd is ₹203.5.

PE Ratio of JTEKT India Ltd is 60.96

PE ratio = JTEKT India Ltd Market price per share / JTEKT India Ltd Earnings per share

Today’s traded volume of JTEKT India Ltd(JTEKTINDIA) is 1.16L.

Today’s market capitalisation of JTEKT India Ltd(JTEKTINDIA) is ₹5316.75Cr.

JTEKT India Ltd(JTEKTINDIAPrice
52 Week High
₹225.7
52 Week Low
₹126.05

JTEKT India Ltd(JTEKTINDIA) share price is ₹209.09. It is down -7.36% from its 52 Week High price of ₹225.7

JTEKT India Ltd(JTEKTINDIA) share price is ₹209.09. It is up 65.88% from its 52 Week Low price of ₹126.05

JTEKT India Ltd(JTEKTINDIAReturns
1 Day Returns
4.56%
1 Month Returns
-1.53%
3 Month Returns
16.16%
1 Year Returns
34.51%