JAMNAAUTO
Jamna Auto Industries share price & financials
- Price
- ₹136.6
- Market cap
- ₹5.4k Cr
What Jamna Auto Industries Limited does
Jamna Auto Industries (JAI) manufactures leaf springs, parabolic springs, stabilizer bars, lift axles, drop axles, slipper suspension and trailer-suspension systems used in trucks, buses and trailers. It supplies these as original equipment to commercial-vehicle makers such as Tata Motors, Ashok Leyland, Mahindra, VE Commercial Vehicles, Force Motors, Volvo, Scania, ISUZU, SML Isuzu and UD Trucks, and also sells replacement parts through a pan-India aftermarket distribution and service network. Manufacturing plants are sited close to major OEM assembly hubs across India, and the company exports to global truck makers including newly-added customer Stellantis.
Segments
- OEM (Original Equipment)
- Aftermarket / Non-OEM
- Market position
- India's largest / a global leader in tapered and parabolic leaf springs for commercial vehicles
- Manufacturing plants (India)
- 10 (Yamuna Nagar, Malanpur, Chennai, Jamshedpur, Pantnagar, Hosur, Pune, Indore, Adityapur, Pillaipakkam)
- Part numbers manufactured
- 5,000+
- Export countries served
- 17
- Aftermarket touch points (AMI network)
- 20,000+
- Authorised trailer-suspension service centres
- 29 (pan-India network, plus dedicated training centre at Pillaipakkam)
Quarterly results
Q1 FY27: revenue up 6.6%, net profit up 6.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 513 | 562 | 638 | 573 | 531 +4% | 668 +19% | 840 +32% | 611 +7% |
| EBITDA | 66 | 77 | 84 | 76 | 69 +5% | 114 +48% | 137 +63% | 85 +12% |
| Net profit | 40 | 44 | 50 | 46 | 40 +0% | 58 +32% | 87 +74% | 49 +7% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +25.2% 1Y
1Y: ₹108.19 on 10 Sept 2025 → ₹135.46. High ₹148.25 (26 Feb 2026), low ₹91.21 (6 Nov 2025).
Financials, as filed
Revenue grew 3.9% a year over 3 years, FY23 to FY26. Operating margin widened to 15.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.3k Cr | ₹2.4k Cr | ₹2.3k Cr | ₹2.6k Cr |
| Operating profit | ₹261 Cr | ₹327 Cr | ₹302 Cr | ₹396 Cr |
| Operating margin | 11.2% | 13.5% | 13.3% | 15.2% |
| Interest | ₹4 Cr | ₹3 Cr | ₹5 Cr | ₹14 Cr |
| Depreciation | ₹41 Cr | ₹44 Cr | ₹47 Cr | ₹60 Cr |
| Net profit | ₹167 Cr | ₹206 Cr | ₹180 Cr | ₹231 Cr |
| Net margin | 7.2% | 8.5% | 7.9% | 8.8% |
| Cash from operations | ₹374 Cr | ₹90 Cr | ₹289 Cr | ₹510 Cr |
| Free cash flow | ₹286 Cr | ₹-73 Cr | ₹103 Cr | ₹261 Cr |
| ROCE | 28.0% | 29.0% | 21.0% | 27.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr |
| Reserves | ₹540 Cr | ₹645 Cr | ₹744 Cr | ₹863 Cr | ₹996 Cr | ₹1.1k Cr |
| Borrowings | ₹125 Cr | ₹191 Cr | ₹30 Cr | ₹293 Cr | ₹12 Cr | ₹12 Cr |
| Other liabilities | ₹292 Cr | ₹317 Cr | ₹226 Cr | ₹154 Cr | ₹416 Cr | ₹489 Cr |
| Total liabilities | ₹998 Cr | ₹1.2k Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.6k Cr |
| Fixed assets | ₹351 Cr | ₹436 Cr | ₹434 Cr | ₹468 Cr | ₹602 Cr | ₹849 Cr |
| Capital work in progress | ₹134 Cr | ₹53 Cr | ₹56 Cr | ₹121 Cr | ₹270 Cr | ₹108 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr |
| Other assets | ₹512 Cr | ₹703 Cr | ₹550 Cr | ₹761 Cr | ₹589 Cr | ₹692 Cr |
| Total assets | ₹998 Cr | ₹1.2k Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +6.97 pp while the public trimmed −4.49 pp. The shareholder count shrank 17% to 2,13,619.
- Promoters
- 49.8%
- FIIs
- 9.0%
- DIIs
- 3.9%
- Public
- 37.3%
Since Jun 2025
- FIIs +6.97 pp
- Public −4.49 pp
- DIIs −2.37 pp
How it drifted, 12 quarters
Over this window DIIs fell from 12.3% to 3.9% — −8.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 50.0%, FIIs 5.8%, DIIs 12.3%, Public 32.0%.Dec '23: Promoters 50.0%, FIIs 5.7%, DIIs 10.8%, Public 33.6%.Mar '24: Promoters 49.9%, FIIs 7.7%, DIIs 7.1%, Public 35.2%.Jun '24: Promoters 49.9%, FIIs 9.0%, DIIs 6.3%, Public 34.8%.Sep '24: Promoters 49.9%, FIIs 5.4%, DIIs 5.3%, Public 39.4%.Dec '24: Promoters 49.9%, FIIs 4.3%, DIIs 4.4%, Public 41.4%.Mar '25: Promoters 49.9%, FIIs 2.8%, DIIs 5.6%, Public 41.7%.Jun '25: Promoters 49.9%, FIIs 2.0%, DIIs 6.3%, Public 41.8%.Sep '25: Promoters 49.9%, FIIs 2.4%, DIIs 7.0%, Public 40.7%.Dec '25: Promoters 49.9%, FIIs 5.2%, DIIs 8.1%, Public 36.8%.Mar '26: Promoters 49.9%, FIIs 9.3%, DIIs 4.8%, Public 36.1%.Jun '26: Promoters 49.8%, FIIs 9.0%, DIIs 3.9%, Public 37.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mahindra Manulife Multi Cap Fund Mutual fund newly disclosed 1.13% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Jamna Auto Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Map Holdings Limited | 33.77% | unchanged |
| Pradeep Singh Jauhar | 6.46% | unchanged |
| Randeep Singh Jauhar | 4.38% | unchanged |
| S W Farms Private Limited | 3.12% | unchanged |
| Paramjit Singh Mann | 1.84% | unchanged |
| Late Bhupinder Singh Jauhar | 1.78% | unchanged |
| Investor Education And Protection Fund Authority Ministry | 1.43% | unchanged |
| Mahindra Manulife Multi Cap Fund Mutual fund | 1.13% | newly disclosed |
| Teacher Retirement System Of Texas- Self Managed 48 Sovereign | 1.10% | unchanged |
| Jamna Agro Implements Private Limited | 0.26% | unchanged |
| Sonia Jauhar | 0.06% | unchanged |
| Kirandeep Chadha | 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
FairTo justify its price of ₹135, this stock must grow earnings at 15% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹120 — downside of 11%.
- Growth the price implies
- 14.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 12.8% a year
- net profit, FY23–FY26 · EPS 12.4%
- The gap
- 0.0 pp
- -11% downside if it only repeats history
Learn to analyse Jamna Auto Industries Limited
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