JTEKT India Limited (JTEKTINDIA) AI Stock Analysis

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JTEKT India Limited

(NSE:JTEKTINDIA)

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Rating:50Neutral

Price Target:INR 116.00▼(-4.17% Downside)

Action:reiterated

Date:10/02/26

The score is held back primarily by weak cash conversion and persistently negative free cash flow alongside a recent increase in debt. Technicals add further pressure with the stock trading below all key moving averages and negative momentum indicators. Valuation is also a headwind given the high P/E and low dividend yield, despite a generally constructive revenue growth profile.

Positive Factors

Steady Revenue GrowthSteady revenue growth across several years indicates continuing demand for JTEKT India's products and supports a durable expansion trend. This top-line momentum can provide a foundation for scale, customer retention, and reinvestment even while profitability remains uneven.

Negative Factors

Persistently Negative Free Cash FlowMulti-year negative free cash flow indicates that recent investment and/or working-capital needs have not been consistently funded by internal cash generation. Until conversion improves sustainably, the company may have less flexibility to fund growth, reduce debt, or absorb operating setbacks.

JTEKT India Limited (JTEKTINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 33.50B
Dividend Yield: 0.62%
Average Volume (3M): 7,715
Price to Earnings (P/E): 47.2
Beta (1Y): 1.22
Revenue Growth: 16.79%
EPS Growth: -4.03%
Country: India
Employees: 1,618
Sector: General
Sector Strength: 55
Industry: Auto - Parts

JTEKT India Limited Business Overview & Revenue Model

Company Description

JTEKT India Limited engages in the manufacture and sale of steering systems and auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. It offers steering systems, including column and gear; drivelin...

How the Company Makes Money

JTEKT India Limited makes money mainly by manufacturing and selling automotive components—primarily steering systems and bearings. Revenue is generated through (1) sales to automotive OEMs as part of vehicle production supply chains, where the compan...

JTEKT India Limited Financial Statement Overview

Summary

Income statement shows steady revenue growth, but profitability has been uneven with margin pressure indicated by a sharp FY2026 gross profit drop. Balance sheet is generally healthy with previously moderate leverage, yet debt rose sharply in FY2026. The biggest drag is cash flow: operating cash flow fell materially and free cash flow has been negative for multiple years (deeply negative in FY2026), increasing financing and execution risk.

Income Statement

67Positive

Balance Sheet

74Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	28.21B	26.66B	23.99B	22.45B	20.44B	15.89B
Gross Profit	6.68B	3.56B	6.59B	6.26B	5.98B	4.06B
EBITDA	2.20B	2.19B	1.85B	2.34B	1.92B	1.31B
Net Income	722.97M	768.91M	752.63M	1.07B	871.17M	369.05M
Balance Sheet
Total Assets	0	19.71B	14.63B	12.75B	10.74B	10.00B
Cash, Cash Equivalents and Short-Term Investments	378.69M	718.68M	163.08M	753.64M	572.83M	789.12M
Total Debt	0	3.40B	1.56B	1.15B	617.64M	709.92M
Total Liabilities	-11.86B	7.85B	5.83B	4.53B	3.41B	3.39B
Stockholders Equity	11.86B	11.86B	8.80B	8.22B	7.03B	6.32B
Cash Flow
Free Cash Flow	-1.43B	-3.54B	-805.75M	-229.80M	-21.36M	-140.67M
Operating Cash Flow	230.62M	859.22M	1.94B	1.72B	952.00M	1.08B
Investing Cash Flow	-1.66B	-4.76B	-2.72B	-1.72B	-844.43M	-1.26B
Financing Cash Flow	3.28B	4.12B	180.24M	279.91M	-279.73M	143.89M

JTEKT India Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price121.05

Price Trends

50DMA116.92Positive

100DMA126.61Negative

200DMA129.48Negative

Market Momentum

MACD0.67Negative

RSI60.00Neutral

STOCH65.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JTEKTINDIA, the sentiment is Positive. The current price of 121.05 is above the 20-day moving average (MA) of 114.85, above the 50-day MA of 116.92, and below the 200-day MA of 129.48, indicating a neutral trend. The MACD of 0.67 indicates Negative momentum. The RSI at 60.00 is Neutral, neither overbought nor oversold. The STOCH value of 65.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JTEKTINDIA.

JTEKT India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JTEKTINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BOSCHLTD	76Outperform	INR 1.46T	63.01	―	0.53%	26.31%	-1.26%
IN:SCHAEFFLER	67Neutral	INR 553.48B	42.25	―	0.99%	22.67%	23.28%
IN:RML	66Neutral	INR 34.51B	28.65	―	1.30%	42.06%	323.98%
IN:ZFCVINDIA	66Neutral	INR 264.36B	53.25	―	0.17%	9.03%	3.22%
IN:NRBBEARING	62Neutral	INR 42.12B	28.38	―	1.84%	14.37%	70.31%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JTEKTINDIA	50Neutral	INR 32.96B	47.20	―	0.62%	16.79%	-4.03%

* General Sector Average

Performance Comparison

IN:JTEKTINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:JTEKTINDIA	JTEKT India Limited	121.05	-38.95	-24.34%
IN:BOSCHLTD	Bosch Limited	50499.00	13791.08	37.57%
IN:NRBBEARING	NRB Bearings Ltd.	432.05	151.72	54.12%
IN:RML	Rane (Madras) Limited	1236.25	427.93	52.94%
IN:SCHAEFFLER	Schaeffler India Ltd	3544.40	-503.05	-12.43%
IN:ZFCVINDIA	ZF Commercial Vehicle Control Systems India Limited	2332.60	219.69	10.40%

JTEKT India Limited Corporate Events

JTEKT India Faces GST Appeal Notice, Sees No Material Impact

Sep 25, 2026

JTEKT India Limited has disclosed that the GST department has issued a notice directing the filing of an appeal with the GST Appellate Tribunal against a demand order previously dropped by the Commissioner (Appeals) in December 2025. The dispute cent...

JTEKT India Files Compliance Certificate on Related Party Deals with Exchanges

Aug 14, 2026

JTEKT India Limited has submitted to the stock exchanges a compliance certificate confirming that proposed related party transactions have been evaluated and disclosed in line with Regulation 23 of SEBI’s Listing Obligations and Disclosure Requiremen...

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 02, 2026

JTEKT India Limited AI Stock Analysis