Jullundur Motor Agency (Delhi) Ltd (JMA) AI Stock Analysis

Jullundur Motor Agency (Delhi) Ltd

(NSE:JMA)

Select Model

Rating:76Outperform

Price Target:INR 91.00▲(13.25% Upside)

Action:reiterated

Date:09/10/26

The overall score of 76 is driven primarily by a very strong valuation (P/E of 6.93) and a pristine, debt-free balance sheet, which together signal a low-risk, undervalued opportunity. Positive technical momentum confirms the bullish trend, though the primary risk is the ongoing compression in profitability margins, which tempers the financial performance score and the overall rating.

Positive Factors

Consistent revenue growthSustained revenue expansion indicates that JMA has continued to grow its underlying business rather than relying on a single exceptional period. A larger revenue base can support operating scale, strengthen market reach, and provide a foundation for continued earnings generation over the next several quarters.

Negative Factors

Gross margin compressionThe sharp reduction in gross margin weakens the earnings benefit of revenue growth and leaves less room to absorb cost increases or pricing pressure. Unless margins stabilize, additional sales may produce less incremental profit, limiting operating leverage and making future earnings growth more difficult to sustain.

Jullundur Motor Agency (Delhi) Ltd (JMA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.86B
Dividend Yield: 2.47%
Average Volume (3M): 16.13K
Price to Earnings (P/E): 5.8
Beta (1Y): 0.90
Revenue Growth: 13.70%
EPS Growth: 22.14%
Country: India
Employees: 550
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Jullundur Motor Agency (Delhi) Ltd Business Overview & Revenue Model

Company Description

Jullundur Motor Agency (Delhi) Limited trades and distributes automobile parts, accessories, and petroleum products primarily in India. The company offers brake equipment and friction range products, including air and hydraulic brake parts, brake flu...

Jullundur Motor Agency (Delhi) Ltd Financial Statement Overview

Summary

Solid financial foundation with a debt-free balance sheet (Score 92) and robust cash flow generation (Score 70) offset by margin compression on the income statement (Score 58). The weighted average of the three statement scores is 73.3, reflecting a stable, low-risk profile with some earnings pressure.

Income Statement

58Neutral

Balance Sheet

92Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.43B	6.22B	5.56B	5.34B	5.03B	4.36B
Gross Profit	539.88M	500.52M	450.55M	736.00M	723.93M	628.24M
EBITDA	381.10M	326.96M	366.55M	359.71M	376.94M	292.11M
Net Income	320.26M	297.06M	257.47M	255.97M	270.12M	242.38M
Balance Sheet
Total Assets	0	3.53B	3.45B	3.26B	2.94B	2.70B
Cash, Cash Equivalents and Short-Term Investments	218.85M	228.94M	119.59M	195.48M	766.72M	828.90M
Total Debt	0	0	0	0	0	0
Total Liabilities	-2.78B	749.82M	930.95M	964.56M	869.75M	864.61M
Stockholders Equity	2.78B	2.75B	2.49B	2.28B	2.05B	1.82B
Cash Flow
Free Cash Flow	186.53M	186.53M	59.18M	110.18M	-22.03M	108.56M
Operating Cash Flow	193.28M	193.28M	62.63M	119.37M	25.53M	115.78M
Investing Cash Flow	-115.39M	-115.39M	-98.04M	-66.77M	3.63M	-23.01M
Financing Cash Flow	-46.83M	-46.83M	-46.25M	-46.25M	-46.98M	-46.91M

Jullundur Motor Agency (Delhi) Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price80.35

Price Trends

50DMA88.20Negative

100DMA87.54Negative

200DMA84.14Negative

Market Momentum

MACD-2.26Positive

RSI37.32Neutral

STOCH30.29Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JMA, the sentiment is Negative. The current price of 80.35 is below the 20-day moving average (MA) of 84.33, below the 50-day MA of 88.20, and below the 200-day MA of 84.14, indicating a bearish trend. The MACD of -2.26 indicates Positive momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of 30.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JMA.

Jullundur Motor Agency (Delhi) Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JMA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:JMA	76Outperform	INR 1.85B	5.77	―	2.47%	13.70%	22.14%
IN:OMAXAUTO	71Outperform	INR 4.27B	10.56	―	2.50%	47.95%	378.75%
IN:PPAP	61Neutral	INR 2.93B	6.33	―	1.20%	10.74%	899.70%
IN:BHARATGEAR	57Neutral	INR 1.47B	9.95	―	1.04%	21.67%	3972.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SUNDRMBRAK	55Neutral	INR 2.38B	69.13	―	0.11%	-4.69%	13.74%
IN:ELGIRUBCO	40Underperform	INR 2.46B	-1.24	―	―	-5.88%	-656.47%

* General Sector Average

Performance Comparison

IN:JMA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:JMA	Jullundur Motor Agency (Delhi) Ltd	80.88	-4.91	-5.73%
IN:BHARATGEAR	Bharat Gears Limited	96.00	-18.50	-16.16%
IN:ELGIRUBCO	Elgi Rubber Company Limited	49.16	-18.44	-27.28%
IN:OMAXAUTO	Omax Autos Limited	199.85	103.09	106.54%
IN:PPAP	PPAP Automotive Limited	207.30	-53.00	-20.36%
IN:SUNDRMBRAK	Sundaram Brake Linings Limited	605.85	-192.56	-24.12%

Jullundur Motor Agency (Delhi) Ltd Corporate Events

Jullundur Motor Agency Confirms SEBI-Compliant Demat Processing for Q3 2026

Oct 7, 2026

Jullundur Motor Agency (Delhi) Ltd has notified the National Stock Exchange that it has received a confirmation certificate from its registrar and share transfer agent, Mas Services Ltd, under Regulation 74(5) of the SEBI (Depositories and Participan...

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: Sep 10, 2026

Jullundur Motor Agency (Delhi) Ltd AI Stock Analysis