Financials JTEKT India Limited

Equities

JTEKTINDIA

INE643A01035

Auto, Truck & Motorcycle Parts

Market Closed - Bombay S.E. Other stock markets 06:00:47 2024-05-14 EDT			5-day change	1st Jan Change
166.5 ^INR	+1.43%		-1.91%	+4.88%

05-08	JTEKT India Limited Announces Resignation of Takumi Matsumoto as Non-Executive Non Independent Director, Effective May 17, 2024	CI
04-26	JTEKT India Limited Receives Show Cause Notice from the Office of the Regional Provident Fund Commissioner of Employees? Provident Fund Organisation, Gurugram	CI

Valuation

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	21,812	9,816	20,585	18,140	25,255	42,338	-	-
Enterprise Value (EV) ¹	21,812	9,816	20,585	18,140	25,255	42,338	42,338	42,338
P/E ratio	-	-	-	49.1 x	31 x	47.6 x	33.3 x	28.2 x
Yield	-	-	-	0.54%	0.48%	0.6%	0.72%	0.84%
Capitalization / Revenue	1.24 x	0.65 x	1.54 x	1.14 x	1.24 x	1.88 x	1.65 x	1.53 x
EV / Revenue	1.24 x	0.65 x	1.54 x	1.14 x	1.24 x	1.88 x	1.65 x	1.53 x
EV / EBITDA	-	-	-	14.2 x	13.5 x	21.6 x	17.4 x	15.5 x
EV / FCF	-	-	-	-100 x	255 x	118 x	246 x	35.9 x
FCF Yield	-	-	-	-1%	0.39%	0.85%	0.41%	2.78%
Price to Book	-	-	-	2.87 x	3.59 x	5.02 x	4.23 x	3.57 x
Nbr of stocks (in thousands)	198,742	244,480	244,480	244,480	244,480	254,280	-	-
Reference price ²	109.8	40.15	84.20	74.20	103.3	166.5	166.5	166.5
Announcement Date	5/17/19	6/22/20	5/26/21	5/20/22	5/22/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	17,540	15,105	13,330	15,888	20,439	22,535	25,630	27,680
EBITDA ¹	-	-	-	1,273	1,868	1,961	2,435	2,740
EBIT ¹	-	-	-	666.8	1,222	1,246	1,710	1,988
Operating Margin	-	-	-	4.2%	5.98%	5.53%	6.67%	7.18%
Earnings before Tax (EBT) ¹	-	-	-	561.8	1,142	1,246	1,710	1,988
Net income ¹	-	-	-	369.1	871.2	849	1,231	1,432
Net margin	-	-	-	2.32%	4.26%	3.77%	4.8%	5.17%
EPS ²	-	-	-	1.510	3.330	3.500	5.000	5.900
Free Cash Flow ¹	-	-	-	-181	99.22	359	172	1,178
FCF margin	-	-	-	-1.14%	0.49%	1.59%	0.67%	4.26%
FCF Conversion (EBITDA)	-	-	-	-	5.31%	18.31%	7.06%	42.99%
FCF Conversion (Net income)	-	-	-	-	11.39%	42.29%	13.97%	82.26%
Dividend per Share ²	-	-	-	0.4000	0.5000	1.000	1.200	1.400
Announcement Date	5/17/19	6/22/20	5/26/21	5/20/22	5/22/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2022 Q1	2023 Q1	2023 Q2	2023 Q3	2024 Q1	2024 Q2
Net sales ¹	3,210	4,717	5,710	4,710	4,775	5,710
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	-	-	-	-	-	-
Net margin	-	-	-	-	-	-
EPS	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	8/12/21	8/8/22	11/14/22	2/9/23	8/10/23	-

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-181	99.2	359	172	1,178
ROE (net income / shareholders' equity)	-	-	-	6.81%	13.1%	11.2%	13.9%	13.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	25.80	28.70	33.20	39.40	46.70
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	-	-	1,206	853	1,000	1,000	900
Capex / Sales	-	-	-	7.59%	4.17%	4.44%	3.9%	3.25%
Announcement Date	5/17/19	6/22/20	5/26/21	5/20/22	5/22/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for JTEKT India Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

166.5 INR

Average target price

192 INR

Spread / Average Target

+15.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Auto, Truck & Motorcycle Parts

	1st Jan change	Capi.
JTEKT INDIA LIMITED	+4.88%	500M
DENSO CORPORATION	+20.29%	47.59B
APTIV PLC	-7.67%	22.51B
WEICHAI POWER CO., LTD.	+27.61%	20.6B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+36.72%	18.17B
HYUNDAI MOBIS CO.,LTD	-5.27%	14.94B
MAGNA INTERNATIONAL INC.	-17.12%	13.48B
CONTINENTAL AG	-19.27%	13.4B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+30.85%	11.88B
BOSCH LIMITED	+43.79%	10.87B

Other Auto, Truck & Motorcycle Parts