J B M AUTO LTD - Q2 FY 21 RESULTS REVIEW - dt 20 11 20

 

J B M AUTO LTD

Q2 FY 21 RESULTS REVIEW

DT 20 11 2020

 

COMPANY OVERVIEW

J B M Auto Limited is an India-based company engaged in the manufacturing of tools, dies and moulds.

The Company operates in three segments:

Sheet Metal Division (for manufacturing sheet metal components, assemblies, sub-assemblies),

Tool Room Division (for manufacturing tools, dies and moulds) and

Special Purpose Vehicle (SPV) division (for development and assembly of SPV).

Sheet Metal Division manufactures metal components, assemblies and sub- assemblies. Special purpose vehicle segment assembles and fabricates bodies of heavy vehicles.

Tool, Dies and Moulds segment manufactures dies for sheet metal segment or sells dies. The Company's products include door panel, back panel, floor panels, dash panels, wind shield, door inners, tail gate inner, cover plate longitudinal, rare floor upper, rear bumper, bonnet, tipper, draw (upper), tunnel assembly, drum assembly, lower arm assembly, panel RR inner, cross car beam, pillar B inner, roof, axle, shelf center rear assy and Tunnel Assy..

Tool Room Divion manufactures - Tools, Dies & Moulds, Sheet Metal Components, Assemblies & Sub-assemblies

Management

Surendra Kumar Arya        Chairman

Sandip Sanyal                    Executive Director

 

QUARTERLY RESULTS

JBM Auto (in Rs. Cr.)	Sep '20		Jun '20		Mar '20		Dec '19		Sep '19		YOY		QOQ
Net Sales	517.35		129.08		475.21		467.04		388.13		33.29		300.8
Net P/L After M.I & Associates		20.49		-25.87		15.62		16.45		16.27		25.94		-179.2
Basic EPS		4.33		-5.47		3.3		3.48		3.99		8.52		-179.16
Raw Materials	375.88		82.96		374.72		337.04		265.21		41.73		353.09
Increase/Decrease in Stocks	-9.72		8.09		-42.42		-15.25		8.26		-217.68		-220.15
Employees Cost	48.87		32.03		48.8		48.14		40.14		21.75		52.58
Depreciation	17.51		16.12		17.74		18.53		14.27		22.7		8.62
Other Expenses	41.07		13.91		39.12		40.36		27.16		51.22		195.26
Total Expenditure	473		153		437		428		355		33.24		209.15
P/L Before Other Inc., Int., Excpt. Items & Tax	43.74		-24.02		37.25		38.22		33.09		32.18		-282.1
Other Income	2.96		1.4		3.69		3.29		3.9		-24.1		111.43
P/L Before Int., Excpt. Items & Tax	46.7		-22.63		40.94		41.51		36.99		26.25		-306.36
Interest	13.46		12.53		15.62		15.58		12.74		5.65		7.42
P/L Before Tax	33.24		-35.16		25.32		25.93		24.25		37.07		-194.54
Tax	11.02		-12.48		8.83		9.46		9.58		15.03		-188.3
Net Profit/(Loss) For the Period	22.22		-22.68		16.49		16.47		14.67		51.47		-197.97
Minority Interest	--		--		--		--		-2.15
Share Of P/L Of Associates	-1.73		-3.19		-0.87		-0.02		3.75		-146.13		-45.77

 

MP  253

PE   14.61

VOLUMES      33446

TECHNICAL ANALYSIS

BULLISH

Annual Results	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Sales	1,946	1,786	1,632	1,500	1,517
Net Profit	69	78	67	62	62
Other Income	15	23	10	14	6
Total Income	1,962	1,809	1,643	1,515	1,524
Total Expenditure	1,790	1,634	1,484	1,375	1,386
EBIT	171	175	159	140	137
Interest	64	48	48	52	52
Tax	38	48	42	25	21

 

CASH FLOWS	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Operating Activities	0	118	69	118	145
Investing Activities	0	-103	-61	-65	-115
Financing Activities	0	-6	-7	-57	-34
Others	0	0	0	0	0
Net Cash Flow	0	8	0	-3	-3

 

Per Share Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Basic EPS (Rs.)	14.63	20.17	17.27	16.02	12.39
Diluted Eps (Rs.)	14.63	20.17	17.27	16.02	12.39
Book Value [Excl. Reval Reserve]/Share (Rs.)	148.74	142.01	120.29	102.79	102.54
Dividend/Share (Rs.)	1.75	2.25	2	2	1.75
Face Value	5	5	5	5	5
Margin Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Gross Profit Margin (%)	12.61	13.09	13.14	11.96	12.94
Operating Margin (%)	8.82	9.83	9.73	8.63	9.06
Net Profit Margin (%)	3.54	4.36	4.14	4.15	4.14
Return Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Return on Networth / Equity (%)	9.83	16.54	16.88	18.32	15.24
ROCE (%)	17.01	21.42	20.81	20.13	7.89
Return On Assets (%)	3.44	5.03	4.91	4.84	3.44
Leverage Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Debt to Equity (x)	0.78	1.08	1.2	1.27	1.32
Interest Coverage Ratios (%)	2.67	3.6	3.27	2.46	2.61
Growth Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
3 Yr CAGR Sales (%)	9.06	5.58	1.6	3.24	9.03
3 Yr CAGR Net Profit (%)	3.43	7.43	-9.94	3.07	18.37
Valuation Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
P/E (x)	0	15.9	14.47	18.31	15.68
P/B (x)	0.93	2.18	3.72	3.18	1.79
EV/EBITDA (x)	4.8	7.24	9.91	9.18	5.82
P/S (x)	0.34	0.61	0.95	0.76	0.4
Turnover Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Asset Turnover Ratio (%)	96.9	109.35	113.8	111.19	99.92
Inventory Turnover Ratio (X)	6.59	7.73	6.94	6.94	5.27

 

 

HISTORICAL PRICES
3YRS BEF	551
2YRS	303
1 YR	227.95
3 MON	231.4
1 MON	240.35
1 WEEK	233
NOW	253.45

 

Type	Dividend%	Ex-Dividend date
Final	35	Dec 03, 2020
Final	45	Sep 05, 2019
Final	40	Aug 23, 2018
Final	40	Aug 10, 2017
Final	35	Aug 25, 2016

 

Ratio	Announcement Date	Ex-Bonus
01:01	Aug 14, 2014	Oct 08, 2014
01:02	Jul 28, 2007	Oct 24, 200
Old FV	New FV	Ex-Split
10	5	Oct 08, 2014

 

NEWS

14.09.2020

JBM Auto bags order for supply of 116 buses from Delhi Integrated Multi-Modal Transit System

it has bagged an order for supply of 116 BS-VI compliant AC low floor CNG buses from the Delhi Integrated Multi-Modal Transit System.

 

"JBM Auto Ltd has bagged the country’s first BS-VI complaint AC low floor CNG bus order for New Delhi from Delhi Integrated Multi-Modal Transit System (DIMTS)," JBM Auto said in a regulatory filing.