JBMA
JBM Auto share price & financials
- Price
- ₹670.35
- Market cap
- ₹14.7k Cr
What JBM Auto does
JBM Auto designs, manufactures and deploys zero-emission electric buses through its OEM Business, while its E-Mobility Business provides EV charging infrastructure, depot electrification and mobility-as-a-service for government and enterprise fleets. Its Auto Components & Systems division supplies chassis systems, suspension systems, fuel and air tanks, exhaust systems, skin panels and truck cabins to leading OEMs on a vertically integrated basis, and its Tooling & Dies business operates one of India's largest tool rooms, producing high-precision dies and molds for internal and external clients. The company runs 11 manufacturing facilities across India, including an integrated electric bus plant and India's largest high-voltage lithium-ion battery facility, and has expanded internationally with regional hubs in Germany, Singapore and the UAE.
Segments
- OEM Business (Electric Buses)
- E-Mobility Business
- Auto Components & Systems
- Tooling & Dies
- Manufacturing facilities in India
- 11 plants
- Electric bus manufacturing capacity (Banchari, Haryana plant)
- 20,000 buses/year
- Li-ion battery manufacturing capacity
- 6 GWh/annum — India's largest high-voltage facility
- Electric bus order book
- 11,000+ buses deployed & under execution
- Electric bus deployment footprint
- 23 cities, 49 depots
- EV charging infrastructure installed
- 1,000+ DC chargers, including megawatt systems
Quarterly results
Q1 FY27: revenue up 9.9%, net profit up 0.0% 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 | 1,100 | 1,277 | 1,346 | 1,234 | 1,203 +9% | 1,279 +0% | 1,686 +25% | 1,356 +10% |
| EBITDA | 87 | 102 | 111 | 99 | 111 +28% | 104 +2% | 109 −2% | 109 +10% |
| Net profit | 30 | 30 | 39 | 32 | 45 +50% | 40 +33% | 31 −21% | 32 +0% |
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 −1.8% 1Y
1Y: ₹631.35 on 10 Sept 2025 → ₹620.3. High ₹741.7 (22 Sept 2025), low ₹486.2 (16 Mar 2026).
Financials, as filed
Revenue grew 11.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.9k Cr | ₹4.2k Cr | ₹4.8k Cr | ₹5.4k Cr |
| Operating profit | ₹396 Cr | ₹299 Cr | ₹398 Cr | ₹423 Cr |
| Operating margin | 10.3% | 7.0% | 8.3% | 7.8% |
| Interest | ₹125 Cr | ₹134 Cr | ₹163 Cr | ₹170 Cr |
| Depreciation | ₹130 Cr | ₹109 Cr | ₹115 Cr | ₹114 Cr |
| Net profit | ₹125 Cr | ₹61 Cr | ₹133 Cr | ₹148 Cr |
| Net margin | 3.2% | 1.4% | 2.8% | 2.7% |
| Cash from operations | ₹62 Cr | ₹489 Cr | ₹314 Cr | ₹-33 Cr |
| Free cash flow | ₹-39 Cr | ₹343 Cr | ₹235 Cr | ₹-204 Cr |
| ROCE | 13.0% | 9.0% | 14.0% | 13.0% |
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 | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹718 Cr | ₹867 Cr | ₹977 Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.3k Cr |
| Borrowings | ₹842 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹3.2k Cr | ₹1.7k Cr |
| Other liabilities | ₹866 Cr | ₹921 Cr | ₹766 Cr | ₹983 Cr | ₹1.7k Cr | ₹1.5k Cr |
| Total liabilities | ₹2.5k Cr | ₹2.9k Cr | ₹3.1k Cr | ₹3.3k Cr | ₹6.3k Cr | ₹4.5k Cr |
| Fixed assets | ₹871 Cr | ₹925 Cr | ₹979 Cr | ₹959 Cr | ₹1.7k Cr | ₹924 Cr |
| Capital work in progress | ₹108 Cr | ₹50 Cr | ₹10 Cr | ₹72 Cr | ₹78 Cr | ₹116 Cr |
| Investments | ₹76 Cr | ₹152 Cr | ₹229 Cr | ₹300 Cr | ₹101 Cr | ₹626 Cr |
| Other assets | ₹1.4k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹2.0k Cr | ₹4.4k Cr | ₹2.8k Cr |
| Total assets | ₹2.5k Cr | ₹2.9k Cr | ₹3.1k Cr | ₹3.3k Cr | ₹6.3k Cr | ₹4.5k 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 trimmed −0.27 pp while the public added +0.20 pp. The shareholder count grew 4% to 1,82,870.
- Promoters
- 67.5%
- FIIs
- 2.0%
- DIIs
- 0.2%
- Public
- 30.3%
Since Jun 2025
- FIIs −0.27 pp
- Public +0.20 pp
- DIIs +0.07 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 67.5%, FIIs 2.5%, DIIs 0.0%, Public 29.9%.Dec '23: Promoters 67.5%, FIIs 2.8%, DIIs 0.0%, Public 29.6%.Mar '24: Promoters 67.5%, FIIs 3.3%, DIIs 0.1%, Public 29.1%.Jun '24: Promoters 67.5%, FIIs 3.3%, DIIs 0.1%, Public 29.1%.Sep '24: Promoters 67.5%, FIIs 3.3%, DIIs 0.1%, Public 29.1%.Dec '24: Promoters 67.5%, FIIs 3.3%, DIIs 0.1%, Public 29.1%.Mar '25: Promoters 67.5%, FIIs 2.8%, DIIs 0.1%, Public 29.6%.Jun '25: Promoters 67.5%, FIIs 2.3%, DIIs 0.1%, Public 30.1%.Sep '25: Promoters 67.5%, FIIs 1.9%, DIIs 0.1%, Public 30.5%.Dec '25: Promoters 67.5%, FIIs 1.9%, DIIs 0.1%, Public 30.4%.Mar '26: Promoters 67.5%, FIIs 2.0%, DIIs 0.1%, Public 30.4%.Jun '26: Promoters 67.5%, FIIs 2.0%, DIIs 0.2%, Public 30.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of JBM Auto above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Smc Credits Limited | 16.35% | unchanged |
| A To Z Securities Ltd | 11.68% | unchanged |
| Ans Holding Private Limited | 8.81% | unchanged |
| Zeal Impex And Traders Private Limited | 7.72% | unchanged |
| Amity Infotech Pvt. Ltd. | 7.53% | unchanged |
| Shuklamber Exports Limited | 7.24% | unchanged |
| Jbm Builders Private Limited | 6.41% | unchanged |
| Nap Investment And Leasing Pvt. Ltd. | 4.81% | unchanged |
| Jbm International Ltd | 4.55% | unchanged |
| Focal Leasing & Credits Limited | 3.34% | unchanged |
| Neel Metal Products Limited | 1.93% | unchanged |
| Neelam Arya | 0.84% | 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.
Mutual funds in JBMA
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.0%).
- Held by funds
- ₹7 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹4 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹4 Cr | +0.01 L | Sep '22 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹2 Cr | +0.00 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +1,156 shares (+1.0%)
- Funds are sitting on
- +4%
- vs est. average cost
- Held by funds
- ₹7 Cr
- 5 schemes · ≈ 0.05% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹4 Cr · 0.1% of that fund
Shares held by these funds +282%
Aug '23 1.13 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹620, this stock must grow earnings at 49% every year for 7 years. Our analysis caps realistic growth at ~6%. At that growth it is worth ₹73 — downside of 88%.
- Growth the price implies
- 49.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 5.8% a year
- net profit, FY23–FY26 · EPS 6.0%
- The gap
- 0.4 pp
- -88% downside if it only repeats history
Learn to analyse JBM Auto
Guides on how to read this kind of business and the numbers that matter.