Overview

Detailed Summary

JTEKT India Limited primarily manufactures steering systems and auto components for passenger and utility vehicles, with a major clientele like Maruti Suzuki and Toyota.
The company's recent performance shows a revenue growth of 4% for the first half of FY 2025-26, surpassing the industry's growth rate of 1.6% due to a favorable product mix and new products.
JTEKT's EBITDA margin declined to 6.3% in the first half of FY 2025-26, due to increased employee costs, higher power tariffs, and an adverse product mix.
There is a significant focus on capacity expansion with plans underway for a new manufacturing facility in Gujarat, aimed at bolstering production capabilities and meeting regional OEM demand.
JTEKT India actively promotes India as a crucial part of the global supply chain, with increased exports expected to contribute positively in the future.

Sector: Auto Ancillaries
Industry: Auto Ancillaries - Gears
Market Cap: 3,847 Cr
Volatility: Moderate Risk
P/E Ratio: 45.9
Industry P/E: 41.2
PEG Ratio: 1.8
P/B Ratio: 3.9
52W High: 189.00
52W Low: 104.59

Sales CAGR

1Y: 28.65%
3Y: 14.21%
5Y: 9.40%
10Y: 7.71%

Profit CAGR

1Y: 111.87%
3Y: 31.45%
5Y: 22.30%
10Y: 13.03%

ROE

TTM: 11.38%
3Y: 6.44%
5Y: 7.15%
10Y: 8.68%

ROCE

TTM: 15.34%
3Y: 9.51%
5Y: 11.31%
10Y: 14.77%

Technicals

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Forecasts

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Analyst Target, Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SUBROS	760.00	4,926 Cr	30.51	4.25	0.34	13.87	18.51	8.12
JTEKTINDIA	138.70	3,847 Cr	45.88	3.91	0.46	11.38	15.34	7.67
HARSHA	356.20	3,249 Cr	30.71	2.47	0.28	8.88	11.25	5.64
SSWL	207.05	3,234 Cr	17.18	1.99	0.61	11.17	13.97	5.56
SANDHAR	505.95	3,038 Cr	17.16	2.47	0.69	14.15	12.89	5.54
AUTOAXLES	1995.00	3,029 Cr	24.30	3.01	1.52	15.62	20.97	11.77
CARRARO	507.10	2,880 Cr	25.60	5.85	0.90	20.14	22.75	9.54

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	321	385	413	470	472	571	471	530	478	584
Expenses	303	355	376	428	432	513	433	480	443	524
Operating Profit	18	30	37	42	40	58	38	50	34	60
OPM %	5.61	7.82	9.00	8.95	8.48	10.17	8.14	9.51	7.18	10.31
Other Income	0.55	3.40	2.36	-2.87	-0.55	2.11	1.79	1.95	11	2.19
Interest	0.81	0.89	0.83	1.20	1.21	1.24	1.06	1.22	1.30	1.21
Depreciation	19	18	17	17	17	18	19	19	19	20
Profit Before Tax	-0.85	14	21	21	21	41	20	32	25	42
Tax %	5.88	26.07	26.02	27.31	26.33	26.95	23.40	17.96	25.18	27.45
Net Profit	-0.79	11	16	15	16	30	15	26	19	30
EPS in Rs	-0.04	0.34	0.52	0.51	0.51	1.00	0.52	0.91	0.62	0.98

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,752	1,713	1,381	1,560	1,754	1,511	1,333	1,589	2,044	2,063
Expenses	1,337	1,324	1,066	1,306	1,532	1,374	1,230	1,461	1,857	1,879
Operating Profit	415	389	316	254	222	137	103	127	187	183
OPM %	23.67	22.69	22.84	16.27	12.64	9.06	7.71	8.01	9.14	8.88
Other Income	4.88	16	14	8.97	12	8.81	5.46	3.45	5.30	17
Interest	31	32	25	21	16	9.93	4.72	3.73	4.74	4.79
Depreciation	104	99	79	96	96	93	83	71	73	77
Profit Before Tax	86	79	56	104	122	43	21	56	114	118
Tax %	31.17	31.85	27.62	34.44	35.74	18.25	33.25	26.81	23.70	23.73
Net Profit	59	54	40	68	78	35	14	41	87	90
EPS in Rs	1.70	1.34	1.32	—	—	1.09	0.42	1.33	2.94	3.02
Dividend Payout %	34.03	26.88	26.88	18.38	26.85	28.23	31.25	26.49	15.02	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	20	20	20	20	20	24	24	24	24	24
Reserves	289	304	327	363	525	568	571	574	607	678
Borrowings	235	210	223	181	173	136	53	49	71	62
Other Liabilities	495	480	481	317	331	354	241	286	297	310
Total Liabilities	1,039	1,013	1,052	880	1,048	1,083	890	933	1,000	1,074
Fixed Assets	602	584	600	477	549	533	487	425	392	475
CWIP	75	63	40	23	25	9.93	2.71	10	97	25
Investments	0.98	1.18	0.85	103	0.00	0.00	0.00	0.00	6.78	5.43
Other Assets	361	365	411	278	473	540	401	498	504	569
Total Assets	1,039	1,013	1,052	880	1,048	1,083	890	933	1,000	1,074

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	163	199	131	162	178	184	125	91	108	95
Cash from Investing Activity	-42	-81	-79	-64	-118	16	-34	-40	-126	-84
Cash from Financing Activity	-122	-102	-35	-100	-55	-85	-153	-44	14	-28
Net Cash Flow	-0.05	15	18	-1.97	4.74	115	-61	6.60	-3.71	-17

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Jan 2024	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Aug 2025	Sep 2025	Dec 2025
Promoters	73.98%	73.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
FIIs	0.41%	0.52%	0.46%	0.48%	0.58%	0.43%	0.43%	0.45%	0.00%	0.44%	0.56%	0.46%
DIIs	8.50%	9.24%	8.74%	8.92%	8.97%	8.86%	9.32%	9.30%	11.15%	11.26%	11.23%	11.12%
Public	17.12%	16.26%	15.82%	15.62%	15.48%	15.73%	15.27%	15.27%	13.86%	13.32%	13.23%	13.44%
Total Shareholders	41,983	41,808	41,603	46,840	46,126	50,092	49,205	48,858	48,886	48,417	47,644	46,296

Market Transactions

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q2 FY25

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