Jay Bharat Maruti Limited (JAYBARMARU) AI Stock Analysis

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Jay Bharat Maruti Limited

(NSE:JAYBARMARU)

Select Model

Rating:52Neutral

Price Target:INR 116.00▲(0.96% Upside)

Action:reiterated

Date:10/20/26

The score is driven primarily by improving profitability and acceptable (improving) leverage, but is held back by weak and volatile free cash flow/cash conversion. Technical indicators also point to subdued near-term momentum, while the low P/E provides some valuation support.

Positive Factors

Revenue GrowthFY2026 revenue growth of 8.95% following a flat FY2025 indicates a stabilizing top-line trajectory. For an OEM-linked components supplier, renewed growth can support better factory utilization, strengthen program economics, and provide a foundation for sustained earnings improvement.

Negative Factors

Weak Cash ConversionThin free cash flow after a negative prior-year result shows that accounting earnings are not yet converting consistently into cash. Volatile cash generation can constrain internally funded investment, increase reliance on financing, and reduce confidence that recent profitability gains will translate into durable shareholder returns.

Jay Bharat Maruti Limited (JAYBARMARU) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 12.36B
Dividend Yield: 0.61%
Average Volume (3M): 41.00K
Price to Earnings (P/E): 9.0
Beta (1Y): 1.02
Revenue Growth: 13.29%
EPS Growth: 172.02%
Country: India
Employees: 1,077
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Jay Bharat Maruti Limited Business Overview & Revenue Model

Company Description

Operating within India, Jay Bharat Maruti Limited specializes in the manufacturing and supply of a comprehensive range of automotive components and vehicle assemblies. The firm's extensive product portfolio for motor vehicles encompasses crucial elem...

How the Company Makes Money

The company primarily makes money by manufacturing and selling automotive components and welded sub-assemblies to original equipment manufacturers (OEMs). Revenue is largely generated on a business-to-business (B2B) basis through (1) supply contracts...

Jay Bharat Maruti Limited Financial Statement Overview

Summary

Income statement is improving (FY2026 revenue +8.95% and a meaningful net margin lift to ~5.5%), and leverage is moderate with debt-to-equity improving to ~0.76. However, cash-flow quality is weak: free cash flow was thin (~₹111M) after being negative in FY2025, and cash conversion is volatile, reducing confidence in durability of returns.

Income Statement

62Positive

Balance Sheet

58Neutral

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	25.51B	25.51B	22.93B	22.92B	23.44B	20.78B
Gross Profit	4.29B	3.51B	5.13B	1.19B	1.24B	2.40B
EBITDA	2.87B	2.88B	1.67B	1.67B	1.75B	1.50B
Net Income	1.40B	1.40B	329.13M	322.12M	379.04M	281.45M
Balance Sheet
Total Assets	18.31B	18.31B	16.72B	15.56B	12.99B	13.27B
Cash, Cash Equivalents and Short-Term Investments	729.33M	729.33M	24.99M	40.34M	72.34M	33.70M
Total Debt	5.31B	5.31B	5.40B	4.40B	3.36B	3.80B
Total Liabilities	11.35B	11.35B	11.09B	10.17B	7.91B	8.53B
Stockholders Equity	6.96B	6.96B	5.63B	5.39B	5.08B	4.74B
Cash Flow
Free Cash Flow	-625.62M	111.01M	-655.43M	430.24M	871.39M	277.98M
Operating Cash Flow	264.06M	1.60B	1.99B	1.88B	1.54B	1.06B
Investing Cash Flow	-736.03M	-1.34B	-2.65B	-1.40B	-649.83M	-758.40M
Financing Cash Flow	481.29M	-233.34M	650.45M	-511.38M	-867.47M	-286.09M

Jay Bharat Maruti Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price114.90

Price Trends

50DMA121.22Negative

100DMA140.70Negative

200DMA118.26Negative

Market Momentum

MACD-2.67Positive

RSI41.35Neutral

STOCH15.19Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAYBARMARU, the sentiment is Negative. The current price of 114.90 is below the 20-day moving average (MA) of 122.33, below the 50-day MA of 121.22, and below the 200-day MA of 118.26, indicating a bearish trend. The MACD of -2.67 indicates Positive momentum. The RSI at 41.35 is Neutral, neither overbought nor oversold. The STOCH value of 15.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAYBARMARU.

Jay Bharat Maruti Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JAYBARMARU against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GNA	71Outperform	INR 22.95B	15.83	―	0.56%	23.06%	38.22%
IN:RACLGEAR	56Neutral	INR 16.07B	32.22	―	0.11%	28.21%	65.76%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PRECAM	54Neutral	INR 8.85B	21.58	―	1.07%	-4.88%	-33.32%
IN:RML	54Neutral	INR 32.65B	27.67	―	1.36%	42.06%	323.98%
IN:JAYBARMARU	52Neutral	INR 12.44B	9.00	―	0.61%	13.29%	172.02%
IN:RICOAUTO	42Neutral	INR 13.42B	43.84	―	0.56%	21.35%	-4.52%

* General Sector Average

Performance Comparison

IN:JAYBARMARU and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:JAYBARMARU	Jay Bharat Maruti Limited	114.90	23.26	25.38%
IN:GNA	GNA Axles Ltd	534.60	215.79	67.68%
IN:PRECAM	Precision Camshafts Ltd.	93.15	-91.43	-49.53%
IN:RACLGEAR	RACL Geartech Ltd	1363.65	264.89	24.11%
IN:RICOAUTO	Rico Auto Industries Limited	99.20	15.25	18.16%
IN:RML	Rane (Madras) Limited	1181.30	381.70	47.74%

Jay Bharat Maruti Limited Corporate Events

Jay Bharat Maruti Says Surge in Share Volume Is Market Driven, No Undisclosed News

Oct 21, 2026

Jay Bharat Maruti Limited, part of the JBM Group and headquartered in Gurugram, operates in the auto components industry, supplying parts to the automotive sector and maintaining a listed presence on major Indian exchanges. The company is governed by...

Jay Bharat Maruti says surge in share volumes is market driven, not news led

Oct 21, 2026

Jay Bharat Maruti Limited has responded to a query from the National Stock Exchange regarding a significant increase in trading volumes of its shares, stating that it is not aware of any undisclosed information or impending announcements that could e...

Jay Bharat Maruti Announces Resignation of Company Secretary and Compliance Officer

Sep 20, 2026

Jay Bharat Maruti Limited has announced that its Company Secretary and Compliance Officer, Ms. Shubha Singh, has resigned from her position with effect from the close of business hours on September 19, 2026, citing personal reasons and indicating no...

Jay Bharat Maruti Compliance Chief Resigns for Personal Reasons

Sep 20, 2026

Jay Bharat Maruti Limited has announced the resignation of Ms. Shubha Singh from the roles of Company Secretary and Compliance Officer, effective from the close of business on 19 September 2026. The company said she stepped down due to personal reaso...

Jay Bharat Maruti Opens One-Year Window to Demat Legacy Physical Shares

Sep 19, 2026

Jay Bharat Maruti Limited has announced the opening of a special one-year window, from February 5, 2026 to February 4, 2027, to facilitate the transfer and dematerialisation of physical shares sold or purchased before April 1, 2018. The facility also...

Jay Bharat Maruti Reports No Requests Under SEBI Special Window for Physical Share Demat

Aug 7, 2026

Jay Bharat Maruti Limited has informed the stock exchanges that it did not receive any shareholder requests for transfer or dematerialisation of physical shares sold or purchased prior to April 1, 2019 during the special window period from July 5, 20...

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.

Date of analysis: Oct 20, 2026

Jay Bharat Maruti Limited AI Stock Analysis

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