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Jamna Auto Industries Limited
(JAMNAAUTO)
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Rating:76Outperform
Price Target:
₹141.00
▲(16.92% Upside)
Action:Reiterated
Date:10/07/26
The score is driven primarily by strong financial performance (notably a de-risked balance sheet and solid profitability), supported by a bullish technical trend (price above key moving averages and positive MACD). The main offsets are cash-flow variability over time and a valuation that looks only fair with a modest dividend yield.
Positive Factors
Revenue and Profit Growth
Double-digit FY2026 revenue growth alongside healthy EBIT and net margins indicates stronger operating performance and product demand. Improving profitability can support reinvestment, strengthen resilience across the vehicle cycle, and enhance earnings power over the next several quarters.
Negative Factors
Volatile Cash Conversion
Although cash generation recovered in FY2026, the history of negative free cash flow and only moderate conversion of profit into surplus cash shows that earnings quality has not been fully consistent. This can constrain dependable self-funded investment and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Double-digit FY2026 revenue growth alongside healthy EBIT and net margins indicates stronger operating performance and product demand. Improving profitability can support reinvestment, strengthen resilience across the vehicle cycle, and enhance earnings power over the next several quarters.
Read all positive factors
Jamna Auto Industries Limited (JAMNAAUTO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.92B
Dividend Yield1.2%
Average Volume (3M)142.09K
Price to Earnings (P/E)21.3
Beta (1Y)1.64
Revenue Growth15.89%
EPS Growth29.90%
CountryIN
Employees1,061
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)5.86
Shares Outstanding399,985,140
10 Day Avg. Volume74,622
30 Day Avg. Volume142,092
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)3.89
Price to Sales (P/S)1.71
P/FCF Ratio18.35
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)6.5
Revenue Forecast (FY)₹27.88B
Jamna Auto Industries Limited Business Overview & Revenue Model
Company Description
Jamna Auto Industries Limited (JAI) is a leading producer and global distributor of vehicle suspension systems. The company specializes in manufacturing a diverse range of components, including tapered leaf springs, parabolic springs, and lift axl...
How the Company Makes Money
Jamna Auto Industries makes money mainly by manufacturing and selling suspension components—principally leaf springs and leaf-spring assemblies—used in vehicles. Its core revenue stream comes from supplying these parts to original equipment manufa...
Jamna Auto Industries Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.50B | 26.12B | 22.70B | 24.27B | 23.25B | 17.18B |
| Gross Profit | 8.31B | 7.33B | 6.23B | 3.89B | 7.75B | 2.60B |
| EBITDA | 4.08B | 3.94B | 3.07B | 3.33B | 2.74B | 2.32B |
| Net Income | 2.34B | 2.31B | 1.80B | 2.05B | 1.68B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 16.48B | 15.25B | 13.50B | 10.60B | 11.93B |
| Cash, Cash Equivalents and Short-Term Investments | 1.06B | 1.09B | 1.40B | 740.48M | 516.01M | 230.92M |
| Total Debt | 0.00 | 119.13M | 3.58B | 1.70B | 1.04B | 1.91B |
| Total Liabilities | -11.47B | 5.01B | 5.28B | 4.47B | 2.76B | 5.09B |
| Stockholders Equity | 11.47B | 11.47B | 9.93B | 9.03B | 7.84B | 6.85B |
Cash Flow | ||||||
| Free Cash Flow | 1.70B | 2.43B | 909.28M | -734.51M | 2.56B | -359.40M |
| Operating Cash Flow | 2.83B | 5.00B | 2.87B | 899.92M | 3.44B | 10.88M |
| Investing Cash Flow | -1.09B | -2.47B | -1.90B | -1.60B | -881.25M | -361.61M |
| Financing Cash Flow | -2.54B | -2.91B | -311.33M | 923.89M | -2.28B | 195.86M |
Jamna Auto Industries Limited Technical Analysis
Negative
120.60
Price Trends
129.78
Negative
129.85
Negative
127.20
Negative
Market Momentum
-0.54
Positive
39.03
Neutral
8.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAMNAAUTO, the sentiment is Negative. The current price of 120.6 is below the 20-day moving average (MA) of 138.84, below the 50-day MA of 129.78, and below the 200-day MA of 127.20, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 39.03 is Neutral, neither overbought nor oversold. The STOCH value of 8.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAMNAAUTO.
Jamna Auto Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹49.92B | 21.28 | ― | 1.20% | 15.89% | 29.90% | |
70 Outperform | ₹247.09B | 72.21 | ― | 0.36% | 18.48% | 11.21% | |
67 Neutral | ₹23.83B | 13.71 | ― | 2.02% | 6.30% | 10.84% | |
63 Neutral | ₹840.07B | 117.16 | ― | 0.49% | 17.54% | -31.63% | |
57 Neutral | ₹4.78B | 19.14 | ― | 3.77% | 12.33% | -1.65% | |
57 Neutral | ₹53.91B | 32.97 | ― | 0.66% | 17.47% | 39.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:JAMNAAUTO
Jamna Auto Industries Limited
124.80
31.91
34.35%
IN:AUTOAXLES
Automotive Axles Limited
1,577.00
-133.23
-7.79%
IN:BHARATFORG
Bharat Forge Ltd
1,719.10
422.62
32.60%
IN:GABRIEL
Gabriel India Limited
1,394.15
157.70
12.75%
IN:MUNJALSHOW
Munjal Showa Limited
119.50
-4.84
-3.90%
IN:WHEELS
Wheels India Limited
2,206.60
1,280.96
138.39%
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.