JBM Auto financials and balance sheet

NSE: JBMABSE: 532605Auto ComponentsSmall Cap

Formerly JBM Auto Components

₹487.15₹19.80 (3.91%)BSE ₹487.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹506.95.

52-week range of traded prices to 23 Oct 2026

₹477.00Low, 16 Mar 2026₹738.50High, 22 Jun 2026

Next results date: the board meets on 26 Oct 2026 to consider: financial results.

Market cap: ₹11,521 Cr445th largest listed
P/E: 51.4
P/B: 7.5
Dividend yield: 0.17%
ROE: 15.5%
ROCE: 12.1%
Debt to equity: 1.89
Volume, NSE: 4,36,10048.7% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.JBM Auto annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.7% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2020, the company's revenue for that year, ₹1,947 Cr, differs from its quarters added, ₹1,645 Cr.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue6,088
Materials and goods−4,129
Employee costs−586
Other expenses−668
Operating profit705
Depreciation−174
Other income+139
One-off items−9.7
Finance costs−318
Profit before tax342
Tax−72
Joint ventures−32
Net profit238

What the company owns

Plant, investments and other assets₹4,537 Cr
Receivables₹2,185 Cr
Inventory₹518 Cr
Cash and bank₹130 Cr

What pays for it: net worth and liabilities

Borrowings₹3,006 Cr
Net worth₹1,592 Cr
Owed to suppliers₹1,585 Cr
Other liabilities₹1,186 Cr

JBM Auto business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.JBM Auto segment results by quarter

Revenue by segment

₹6,094 CrTotal

Component division₹3,447 Cr56.6% of total
OEM Division₹2,307 Cr37.9% of total
Tool Room division₹339 Cr5.6% of total

Profit by segment

Component division₹272 Cr46.2% of total
OEM Division₹251 Cr42.6% of total
Tool Room division₹66 Cr11.2% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Component division
Revenue, ₹ crore
1,522
1,455
1,295
2,237
3,050
2,979
3,183
3,447
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
123
85
42
131
196
194
235
272
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
OEM Division
Revenue, ₹ crore
121
239
459
704
550
1,741
1,985
2,307
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−5
10
36
72
29
163
216
251
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Tool Room division
Revenue, ₹ crore
143
253
229
255
268
290
306
339
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
43
69
54
56
61
62
62
66
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,787	1,948	1,984	3,197	3,868	5,011	5,473	6,094
Company revenue, as in its results	1,786	1,947	1,982	3,193	3,857	5,009	5,472	6,088
Revenue	1,522	1,455	1,295	2,237	3,050	2,979	3,183	3,447
Revenue growth	–	−4.4%	−11.0%	72.7%	36.3%	−2.3%	6.8%	8.3%
Profit	123	85	42	131	196	194	235	272
Profit growth	–	−31.2%	−49.8%	207.9%	50.2%	−1.5%	21.5%	15.8%
Margin	8.1%	5.8%	3.3%	5.8%	6.4%	6.5%	7.4%	7.9%
Return on capital	20.3%	11.3%	6.7%	16.9%	27.2%	28.9%	29.7%	32.7%
Assets	988	1,325	1,408	1,534	1,415	1,458	1,571	1,604
Liabilities	382	574	772	760	693	789	780	773
Capital employed	605	751	636	774	721	669	792	832
Revenue	121	239	459	704	550	1,741	1,985	2,307
Revenue growth	–	98.3%	92.1%	53.3%	−21.9%	216.7%	14.0%	16.2%
Profit	−5	10	36	72	29	163	216	251
Profit growth	–	–	266.8%	99.5%	−60.0%	466.7%	32.0%	16.5%
Margin	−3.9%	4.1%	7.9%	10.2%	5.2%	9.4%	10.9%	10.9%
Return on capital	−4.3%	5.7%	10.3%	10.3%	2.8%	13.1%	11.1%	11.0%
Assets	255	330	744	1,297	1,749	2,809	3,765	5,129
Liabilities	147	158	395	595	709	1,565	1,825	2,846
Capital employed	108	172	349	702	1,041	1,244	1,940	2,284
Revenue	143	253	229	255	268	290	306	339
Revenue growth	–	76.3%	−9.4%	11.6%	4.9%	8.1%	5.5%	10.9%
Profit	43	69	54	56	61	62	62	66
Profit growth	–	61.5%	−22.3%	3.6%	9.1%	2.9%	−0.9%	6.9%
Margin	29.8%	27.3%	23.4%	21.8%	22.6%	21.5%	20.2%	19.5%
Return on capital	31.0%	97.6%	41.6%	68.5%	60.8%	25.7%	37.9%	53.7%
Assets	257	310	287	319	307	520	464	587
Liabilities	119	239	158	238	207	276	301	464
Capital employed	138	71	129	81	100	243	163	123
Revenue	1	1	1	1	1	1	0	–
Profit	15	8	8	14	9	14	43	–
Margin	2,448.9%	1,380.0%	1,068.8%	1,770.0%	1,280.3%	990.5%	–	–
Return on capital	209.4%	359.7%	554.8%	935.6%	579.0%	858.9%	2,836.8%	–
Assets	134	44	25	78	67	78	49	–
Liabilities	127	42	23	77	65	77	48	–
Capital employed	7	2	1	2	2	2	2	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.JBM Auto quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 4 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 19 May	Mar 2022Filed 11 May	Mar 2023Filed 11 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 17 Jul
Revenue from operations	1,790	1,687	1,786	1,947	1,982	3,193	3,857	5,009	5,472	6,088
	1,599	1,483	1,576	1,717	1,778	2,850	3,459	4,425	4,796	5,383
Materials and goods bought	1,242	1,143	1,267	1,356	1,382	2,285	2,716	3,552	3,707	4,129
Employee costs	195	–	171	204	205	302	384	464	553	586
Other expenses	161	–	138	157	191	263	359	410	536	668
Operating profit before depreciation	192	204	210	230	204	343	398	584	677	705
Operating margin	10.7%	12.1%	11.8%	11.8%	10.3%	10.7%	10.3%	11.7%	12.4%	11.6%
Materials, % of revenue	69.4%	–	70.9%	69.6%	69.7%	71.6%	70.4%	70.9%	67.7%	67.8%
Employee costs, % of revenue	10.9%	–	9.6%	10.5%	10.3%	9.5%	10.0%	9.3%	10.1%	9.6%
Other expenses, % of revenue	9.0%	–	7.7%	8.1%	9.6%	8.2%	9.3%	8.2%	9.8%	11.0%
Depreciation and amortisation	61	56	58	74	76	91	130	171	175	174
Operating profit after depreciation	131	148	152	156	128	252	268	412	502	531
Other income	11	11	24	15	12	21	27	20	54	139
Finance costs	53	49	49	64	55	76	126	197	247	318
Profit before one-off items and tax	88	110	127	107	85	197	169	236	309	352
One-off items	11	13	0	0	0	0	0	0	0	−10
Profit before tax	100	124	127	107	85	197	169	236	309	342
	26	43	49	38	29	31	44	52	59	72
Current tax	–	–	40	20	30	37	50	33	79	110
Deferred tax	–	–	9	18	−1	−6	−6	19	−20	−38
Share of profit of joint ventures and associates	–	–	13	0	−7	−10	0	10	−36	−32
	66	81	91	69	49	156	125	194	215	238
Belonging to the company's shareholders	66	70	82	69	49	156	124	179	202	219
Belonging to outside owners of subsidiaries	–	–	9	–	0	–	1	15	13	19
Other comprehensive income	–	–	0	0	1	−1	3	−1	−1	0
Total comprehensive income	–	–	91	69	50	156	128	193	213	238
Net margin	3.7%	4.8%	5.1%	3.6%	2.5%	4.9%	3.2%	3.9%	3.9%	3.9%
Net margin without joint ventures and associates	–	–	4.4%	3.5%	2.8%	5.2%	3.2%	3.7%	4.6%	4.4%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank. Belonging to outside owners of subsidiaries is left blank for the year to Mar 2020: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 4 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 19 May	Mar 2022Filed 11 May	Mar 2023Filed 11 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 17 Jul
	579	704	746	896	1,031	1,192	1,386	1,592
	497	704	746	896	1,030	1,168	1,351	1,538
Share capital	20	24	24	24	24	24	24	24
Reserves	477	680	722	873	1,006	1,144	1,327	1,515
Belonging to outside owners of subsidiaries	82	0	–	0	1	24	36	53
	537	546	710	1,371	1,676	2,101	2,606	3,006
Repayable after a year	179	197	228	478	632	674	1,199	937
Repayable within a year	358	349	482	893	1,044	1,427	1,408	2,070
	814	1,000	1,372	1,723	1,737	2,820	3,095	4,575
Trade payables	322	401	584	561	436	1,103	1,167	1,585
Other financial liabilities	101	99	170	75	87	119	168	334
Other liabilities	28	147	132	175	150	159	215	399
Provisions	2	3	4	4	5	10	107	147
Tax owed	2	2	0	15	15	2	30	40
	241	306	347	609	770	853	1,369	1,203
Other financial liabilities	5	5	1	15	22	21	19	18
Other liabilities	4	5	3	3	2	16	16	16
Provisions	7	11	13	17	22	29	30	151
Deferred tax	46	88	102	95	92	113	106	81
Total assets	1,634	2,009	2,464	3,229	3,538	4,865	5,850	7,370
	792	1,047	1,342	1,533	1,967	2,238	2,542	2,319
Plant in use, after depreciation	515	772	818	1,042	1,324	1,539	1,515	1,334
Plant being built	34	41	272	179	265	62	39	158
Intangible assets	81	89	113	170	216	190	205	272
Intangible assets being developed	27	49	28	1	3	69	34	14
Investments	13	13	18	14	39	39	49	350
Stakes in joint ventures and associates	97	41	36	35	36	41	45	59
Loans given	13	17	17	22	0	170	530	34
Other financial assets	2	0	10	28	61	105	89	64
Other assets	10	26	30	42	23	24	34	35
	842	962	1,122	1,696	1,571	2,627	3,308	5,050
Inventories	231	296	362	413	424	744	610	518
Trade receivables	502	495	496	580	469	670	1,007	2,185
Cash and cash equivalents	11	22	15	31	29	39	101	91
Other bank balances	1	1	3	3	16	28	93	39
Loans given	3	0	0	0	0	0	0	336
Other financial assets	14	14	17	15	36	15	55	92
Other assets	81	135	229	653	597	1,131	1,442	1,789
Net debt	526	523	691	1,337	1,632	2,034	2,412	2,877

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 19 May	Mar 2022Filed 11 May	Mar 2023Filed 11 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 17 Jul
	216	−142	484	205	394	−60
	231	−122	535	252	447	24
	19	−482	129	−338	−237	−720
Receivables	−100	−494	290	−134	−642	−1,573
Inventories	−66	−51	−10	−320	134	92
Payables	186	63	−151	115	272	761
Tax paid	−15	−20	−51	−47	−53	−92
Capital spending	349	270	627	228	122	302
Free cash flow	−133	−412	−143	−23	272	−362
	−363	−295	−646	−443	−556	−258
Plant and property sold	2	3	9	3	9	4
Interest received	1	4	16	5	8	29
	140	454	159	248	224	314
Borrowings raised	124	363	341	312	811	904
Borrowings repaid	−55	−47	−179	−187	−258	−285
Interest paid	−54	−74	−136	−181	−258	−278
Lease payments	0	0	0	0	0	−5
Dividends paid	8	7	12	15	19	22
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−7	16	−2	10	62	−4

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.JBM Auto dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 4 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 19 May	Mar 2022Filed 11 May	Mar 2023Filed 11 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 17 Jul
	₹3.18	₹3.45	₹4.03	₹2.93	₹2.08	₹6.61	₹5.29	₹7.56	₹8.54	₹9.25
As stated that year	₹15.91	₹17.27	₹20.17	₹14.63	₹10.42	₹13.23	₹10.58	₹15.12	₹8.54	₹9.25
	₹3.18	₹3.45	₹4.03	₹2.93	₹2.08	₹6.61	₹5.29	₹7.56	₹8.54	₹9.25
As stated that year	₹15.91	₹17.27	₹20.17	₹14.63	₹10.42	₹13.23	₹10.58	₹15.12	₹8.54	₹9.25
	₹0.40	₹0.40	₹0.45	₹0.35	₹0.30	₹0.50	₹0.65	₹0.75	₹0.85	₹0.85
As declared that year	₹2.00	₹2.00	₹2.25	₹1.75	₹1.50	₹1.00	₹1.30	₹1.50	₹0.85	₹0.85
	–	–	₹24.38	₹29.75	₹31.53	₹37.90	₹43.54	₹49.38	₹57.11	₹65.04
On that year's share count	–	–	₹121.91	₹148.73	₹157.63	₹75.79	₹87.08	₹98.75	₹57.11	₹65.04
Dividend payout	12.4%	11.6%	11.2%	12.0%	14.4%	7.6%	12.4%	9.9%	10.0%	9.2%
Shareholder yield	–	–	–	–	0.4%	0.1%	0.2%	0.1%	0.1%	0.2%
Market cap at the year end (₹ crore)	1,126	1,544	1,086	568	1,994	5,171	7,615	21,334	13,996	12,185

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.JBM Auto PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 4 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 19 May	Mar 2022Filed 11 May	Mar 2023Filed 11 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 17 Jul
Revenue growth	18.0%	−5.8%	5.9%	–	1.8%	61.1%	20.8%	29.9%	9.2%	11.3%
Operating profit growth	0.8%	6.3%	3.3%	–	−11.3%	68.1%	16.1%	46.6%	15.9%	4.2%
Net profit growth	25.8%	23.1%	12.1%	–	−28.8%	217.2%	−20.0%	54.8%	10.8%	10.9%
Earnings per share growth	–	8.5%	16.8%	–	−28.8%	217.2%	−20.0%	42.9%	12.9%	8.3%
	–	–	16.5%	11.5%	6.8%	19.0%	12.9%	16.3%	16.0%	15.1%
	–	–	–	−5.0 pts	−4.7 pts	12.2 pts	−6.0 pts	3.4 pts	−0.2 pts	−0.9 pts
From the net margin	–	–	–	−3.8 pts	−3.5 pts	6.5 pts	−6.4 pts	1.4 pts	0.5 pts	−0.4 pts
From asset turnover	–	–	–	−0.3 pts	−1.4 pts	3.5 pts	0.2 pts	0.7 pts	−2.4 pts	−1.5 pts
From borrowing	–	–	–	−1.0 pts	0.1 pts	2.1 pts	0.2 pts	1.3 pts	1.6 pts	1.1 pts
Return on capital employed	–	–	13.6%	12.5%	8.8%	11.1%	9.9%	12.5%	12.6%	11.5%
Cash conversion	–	–	–	–	438.0%	−90.7%	386.9%	105.7%	183.5%	−25.1%
Interest cover	2.5	3.0	3.1	2.4	2.3	3.3	2.1	2.1	2.0	1.7
Debt to equity	–	–	0.93	0.78	0.95	1.53	1.63	1.76	1.88	1.89
Receivable days	–	–	103	93	91	66	44	49	67	131
Inventory days	–	–	67	80	96	66	57	76	60	46
Payable days	–	–	93	108	154	90	59	113	115	140
Cash conversion cycle, days	–	–	76	64	33	43	43	12	12	37
Working capital days	–	–	77	54	39	95	79	85	95	145
Asset turnover	–	–	1.09	1.07	0.89	1.12	1.14	1.19	1.02	0.92
Assets per rupee of net worth	–	–	3.28	3.03	3.09	3.47	3.51	3.82	4.25	4.58
Sales per rupee of plant	–	–	3.47	2.52	2.42	3.06	2.91	3.26	3.61	4.56
Capital spending to depreciation	–	–	–	–	4.61	2.96	4.81	1.33	0.70	1.74
Plant being built, % of plant in use	–	–	6.6%	5.3%	33.3%	17.1%	20.0%	4.0%	2.6%	11.9%

Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Mar 2020: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 3.3%
Cash from operations against operating profit: −8.5%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	14.9%	25.2%	16.4%
Profit growth, yearly rate	15.4%	34.7%	20.7%
Return on equity, average	–	15.9%	15.8%
Return on capital employed, average	–	11.5%	12.2%
Operating margin, average	11.3%	11.3%	11.9%
Net margin, average	3.9%	4.0%	3.9%
Asset turnover, average	–	1.08	1.05
Cash conversion cycle, days, average	–	29	20
Interest cover, average	2.5	2.3	1.9
Debt to equity, average	–	1.74	1.84

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	881	539	−60
Cash from investing	−2,198	−1,257	−258
Cash from financing	1,398	785	314
Capital spending	1,549	652	302
Dividends paid	75	56	22
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	2,733	2,028	904
Borrowings repaid	956	730	285

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	5	5	4	8	6	4
Altman Z-scorePublished threshold 1.81	–	–	2.50	2.01	1.98	2.97	3.53	5.09	3.49	2.75
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.59	−1.84	−3.06	−2.23	−2.14	−1.53
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	8.77	20.86	8.47	10.27	7.03	8.41
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.69	1.15	2.03	0.83
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−10.39	−1.54	−44.16	−39.91	13.04	40.98	105.75
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	20.85	20.55	−51.14	−16.32	44.66	−22.33	−26.48
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	2.80	4.87	13.23	−0.92	10.25	6.41	6.31
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.12	2.24	0.57	0.64	0.16	0.26	–
Effective tax ratePublished threshold 17.16 per cent	25.90	34.50	38.51	35.76	33.83	15.56	26.23	22.19	18.97	21.11
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	5.36	−3.83	2.22	1.93	−5.65

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
5 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AReview, Re-affirm	Stable	114.45
5 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1Review, Re-affirm		404

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.