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JTEKT India Limited
(JTEKTINDIA)
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Rating:50Neutral
Price Target:
₹116.00
▼(-27.00% 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 Growth
Steady 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 Flow
Multi-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.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady 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.
Read all positive factors
JTEKT India Limited (JTEKTINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.28B
Dividend Yield0.65%
Average Volume (3M)7.84K
Price to Earnings (P/E)44.2
Beta (1Y)1.31
Revenue Growth16.79%
EPS Growth-4.03%
CountryIN
Employees1,618
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)2.62
Shares Outstanding277,316,220
10 Day Avg. Volume7,385
30 Day Avg. Volume7,841
Financial Highlights & Ratios
PEG Ratio-20.01
Price to Book (P/B)2.68
Price to Sales (P/S)1.19
P/FCF Ratio-9.00
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)2.4
Revenue Forecast (FY)₹28.33B
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; drive...
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 com...
JTEKT India Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| 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 | 2.15B | 2.19B | 1.85B | 2.33B | 1.91B | 1.31B |
| Net Income | 722.97M | 768.91M | 752.63M | 1.07B | 871.17M | 369.05M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 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
Negative
158.90
Price Trends
126.89
Negative
129.98
Negative
133.43
Negative
Market Momentum
-2.96
Negative
35.07
Neutral
15.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JTEKTINDIA, the sentiment is Negative. The current price of 158.9 is above the 20-day moving average (MA) of 118.54, above the 50-day MA of 126.89, and above the 200-day MA of 133.43, indicating a bearish trend. The MACD of -2.96 indicates Negative momentum. The RSI at 35.07 is Neutral, neither overbought nor oversold. The STOCH value of 15.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JTEKTINDIA.
JTEKT India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹51.82B | 35.67 | ― | 2.26% | 14.37% | 70.31% | |
69 Neutral | ₹1.39T | 56.76 | ― | 0.59% | 13.63% | -11.32% | |
68 Neutral | ₹607.88B | 48.47 | ― | 0.90% | 19.66% | 23.81% | |
64 Neutral | ₹265.75B | 51.08 | ― | 0.18% | 9.03% | 3.22% | |
62 Neutral | ₹37.40B | 31.19 | ― | 1.19% | 42.06% | 323.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹32.28B | 44.21 | ― | 0.65% | 16.79% | -4.03% |
* General Sector Average
IN:JTEKTINDIA
JTEKT India Limited
115.85
-46.43
-28.61%
IN:BOSCHLTD
Bosch Limited
45,599.85
7,513.01
19.73%
IN:NRBBEARING
NRB Bearings Ltd.
543.65
265.70
95.59%
IN:RML
Rane (Madras) Limited
1,344.75
537.41
66.57%
IN:SCHAEFFLER
Schaeffler India Ltd
3,886.15
-260.64
-6.29%
IN:ZFCVINDIA
ZF Commercial Vehicle Control Systems India Limited
2,242.30
67.61
3.11%
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 c...
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 R...
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.