Jamna Auto Industries share price & results
- Jun 2026
- Sept 2026
India's largest maker of leaf & parabolic springs and suspension systems for commercial vehicles.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 611 | +6.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 49.0 | +6.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 22.62 | +3.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 9.95 | +5.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 15.92 | +21.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +33.2% 1Y
1Y: ₹94.44 on 24 Oct 2025 → ₹125.81. High ₹151.77 (7 Oct 2026), low ₹91.21 (6 Nov 2025).
- Previous close
- ₹124.69
- Market cap
- ₹5.0k Cr
- 52-week range
- ₹91.21 – ₹151.77
- One year
- +32.80%
- Price to earnings (TTM to Jun 2026)
- 20.61×
- Return on equity (TTM to Jun 2026)
- 22.62%
Overview
- Symbol
- NSE:JAMNAAUTO
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Jamna Auto Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +7% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 513 | 562 | 638 | 573 | 531 | 668 | 840 | 611 |
| Expenses | 447 | 485 | 554 | 497 | 462 | 554 | 703 | 526 |
| Operating profit | 66 | 77 | 84 | 76 | 69 | 114 | 137 | 85 |
| Operating margin | 13.0% | 14.0% | 13.0% | 13.0% | 13.0% | 17.0% | 16.0% | 14.0% |
| Other income | 1 | 1 | 2 | 2 | 3 | -9 | 1 | 3 |
| Interest | 1 | 1 | 2 | 1 | 3 | 5 | 5 | 4 |
| Depreciation | 11 | 14 | 11 | 13 | 13 | 17 | 17 | 18 |
| Profit before tax | 56 | 63 | 72 | 64 | 56 | 83 | 116 | 66 |
| Tax rate | 29.0% | 31.0% | 30.0% | 29.0% | 29.0% | 30.0% | 25.0% | 26.0% |
| Net profit | 40 | 44 | 50 | 46 | 40 | 58 | 87 | 49 |
| EPS (₹ per share) | 1 | 1.10 | 1.26 | 1.15 | 1 | 1.46 | 2.18 | 1.21 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2,326 | 2,426 | 2,270 | 2,612 |
| Expenses | 2,064 | 2,099 | 1,968 | 2,216 |
| Operating profit | 261 | 327 | 302 | 396 |
| Other income | 12 | 4 | 6 | -3 |
| Interest | 4 | 3 | 5 | 14 |
| Depreciation | 41 | 44 | 47 | 60 |
| Profit before tax | 230 | 284 | 256 | 319 |
| Net profit | 167 | 206 | 180 | 231 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 645 | 744 | 863 | 953 | 996 | 1,107 |
| Borrowings | 191 | 30 | 293 | 358 | 12 | 150 |
| Other liabilities | 317 | 226 | 154 | 174 | 416 | 351 |
| Total liabilities | 1,193 | 1,040 | 1,350 | 1,525 | 1,463 | 1,648 |
| Fixed assets | 436 | 434 | 468 | 504 | 602 | 849 |
| Capital work in progress | 53 | 56 | 121 | 275 | 270 | 108 |
| Investments | 0 | 0 | 0 | 3 | 3 | 0 |
| Other assets | 703 | 550 | 761 | 742 | 589 | 692 |
| Total assets | 1,193 | 1,040 | 1,350 | 1,525 | 1,463 | 1,648 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 100 | 1 | 374 | 90 | 289 | 510 |
| Cash from investing | -18 | -36 | -88 | -160 | -189 | -245 |
| Cash from financing | -45 | 20 | -257 | 92 | -34 | -302 |
| Net cash flow | 37 | -15 | 28 | 22 | 66 | -37 |
| Free cash flow | 82 | -36 | 286 | -73 | 103 | 261 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 58 | 61 | 10 | 28 | 25 | 11 |
| Inventory days | 116 | 102 | 77 | 84 | 82 | 74 |
| Days payable | 102 | 66 | 15 | 15 | 19 | 48 |
| Cash conversion cycle | 71 | 97 | 71 | 97 | 88 | 37 |
| Working capital days | 21 | 38 | 31 | 25 | 6 | 5 |
| Return on capital employed | 16.0% | 25.0% | 28.0% | 29.0% | 21.0% | 26.0% |
| Dividend payout | 41.0% | 42.0% | 45.0% | 47.0% | 46.0% | 43.0% |
What the price assumes
FairTo justify its price of ₹126, this stock must grow earnings at 13% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹120 — downside of 5%.
- Growth the price implies
- 13.3% 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
- -5% downside if it only repeats history
Ownership
Who owns it
Promoters hold 44.81% as of Sept 2026; institutions added 4.28 pts since Jun 2026.
- Promoters 44.81%
- Foreign institutions 11.00%
- Domestic institutions 6.20%
- Public 37.97%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund newly disclosed 3.43% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Jamna Auto Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 33.75% | unchanged | |
| 3.96% | −2.50 pp | |
| Mutual fund | 3.43% | newly disclosed |
| 3.12% | unchanged | |
| 1.88% | −2.50 pp | |
| 1.84% | unchanged | |
| 1.78% | unchanged | |
| 1.44% | unchanged | |
| Sovereign | 1.10% | unchanged |
| 0.26% | unchanged | |
| 0.06% | unchanged | |
| 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.
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