Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

JBM Auto Ltd

JBMA
Auto - Bus/LCVs

JBM Auto Ltd's earnings have outrun its stock. EPS grew +8.3% in a year against a +4.7% price move.

Biggest watch item: the P/E sits at the 73rd percentile of its own range — the multiple has already done part of the work.

The price is in a confirmed uptrend (7 weeks in) while the P/E sits at the 73rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +16.7% year on year, and 83% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Consistent
partial read
Price
₹670
+4.7% 1Y
P/E
69.1×
73rd pctile
of its own 10-year range
Revenue (Mar 26)
₹1,852 Cr
+12.5% YoY
Profit (Mar 26)
₹84.0 Cr
+16.7% YoY
Operating margin
12.0%
+1.0 pp YoY
ROCE
15%
FY26
Cash conversion
83%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 11% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

JBM Auto Ltd trades at ₹670, in a confirmed uptrend and 7 weeks into that stage. That is +5.1% against its own 200-day average. It sits at 76% of a 52-week range of ₹494 to ₹727. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks.

Today the stock is in a confirmed uptrend — week 7 of stage 2, confirmed. At ₹670 it trades +5.1% versus its 200-day average and sits at 76% of its 52-week range (₹494–₹727).

Jul 26: ₹670 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+5.1% versus the 200-day line, week 7 of stage 2
Price50-day avg200-day avg
S2S4₹1,162₹948₹734₹519₹305₹670₹638Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4₹1,162₹948₹734₹519₹305₹670₹638Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (547 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +2,289% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 73rd percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

JBM Auto Ltd trades at 69.1× P/E, at the pricey end of its own range (73rd percentile). Its long-run median P/E is 33.8×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 69.1× is at the pricey end of its own range (73rd percentile), against a long-run median of 33.8× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 69.1× vs a 33.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 101× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (73rd percentile)
P/EMedianEPS (TTM) (quarterly)
109.0×₹10.281.7×₹7.754.5×₹5.127.2×₹2.60.0×₹0.0×69.10×₹10Feb 16Oct 18May 21Jan 24Jul 26
109.0×₹10.281.7×₹7.754.5×₹5.127.2×₹2.60.0×₹0.0×69.10×₹10Feb 16May 21Jul 26
P/E
69.1×
73rd percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +8.3% against a +4.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +46.2%/yr price move, ~+35.5%/yr came from earnings growth and ~+10.7 pp from the multiple (expanding); over 10y, of the +38.1%/yr price move, ~+15.7%/yr came from earnings growth and ~+22.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 11% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Consistent

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

JBM Auto Ltd reads as consistent on its fundamental arc. Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 15.0% and holding. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
51%131%38%97%25%63%13%28%0.0%−5.6%%%12.5%16.7%8.4%Jun 23Sep 24Mar 26
51%131%38%97%25%63%13%28%0.0%−5.6%%%12.5%16.7%8.4%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
15.2%14.4%13.5%12.6%11.8%%15%FY23FY24FY26
15.2%14.4%13.5%12.6%11.8%%15%FY23FY24FY26
Revenue growth
Steady high
latest +12.5% · span +3.7% to +41.2%
Profit growth
Steady high
latest +16.7% · span +3.8% to +48.6%
ROCE
Rising
latest 15.0% · span 12.0%–15.0%

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +11.3% in FY26, profit +10.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
67%239%46%164%25%90%3.5%15%−18%−60%%%11.3%10.7%FY16FY21FY26
67%239%46%164%25%90%3.5%15%−18%−60%%%11.3%10.7%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+11.3%) with the last 8 annualized (+10.2%).
revenue stabilising, profit stabilising
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
29%44%23%35%17%25%11%15%5.6%5.8%%%11.3%10.7%Jun 23Sep 24Mar 26
29%44%23%35%17%25%11%15%5.6%5.8%%%11.3%10.7%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+11.3%+16.4%+25.2%+14.9%
Profit+10.7%+23.9%+37.2%+14.2%
EPS+8.3%+20.7%+34.8%+13.7%
Share price+4.7%−2.9%+46.2%+38.1%
Revenue YoY (Mar 26)
+12.5%
latest quarter vs a year ago
Profit YoY (Mar 26)
+16.7%
latest quarter vs a year ago
Revenue 10y
14.9%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

57.3/100 — rank 3 of 4 in Auto - Bus/LCVs · 69% evidence confidence

JBM Auto Ltd scores 57.3 out of 100 against the 4 companies it is compared with in Auto - Bus/LCVs, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 19.1 + 10.9 + 10 + 17.3 = 57.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

JBM Auto Ltd reported ₹1,852 Cr of revenue in the Mar 26 quarter, +12.5% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.9% a year. The last full year, FY26, came in at ₹6,088 Cr. The last four reported quarters add to ₹6,088 Cr.

JBM Auto Ltd reported ₹1,852 Cr of revenue in the Mar 26 quarter, +12.5% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.9% a year. The last full year, FY26, came in at ₹6,088 Cr. The last four reported quarters add to ₹6,088 Cr.

FY26 revenue came in at ₹6,088 Cr (+11.3% on the year), capping 10 years at 14.9% compound. The latest quarter (Mar 26) printed ₹1,852 Cr, +12.5% year on year — the 10th consecutive quarter of year-over-year growth.

FY26 revenue ₹6,088 Cr (+11.3% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
14.9% a year over 10 years
RevenueYoY growth
6.6k67%4.9k46%3.3k25%1.6k3.5%0−18%₹ Cr%₹6,08811.3%FY16FY21FY26
6.6k67%4.9k46%3.3k25%1.6k3.5%0−18%₹ Cr%₹6,08811.3%FY16FY21FY26
Mar 26: ₹1,852 Cr (+12.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Revenue (quarterly)YoY growth
2.0k51%1.5k38%1.0k25%50013%00.0%₹ Cr%₹1,85212.5%Jun 23Sep 24Mar 26
2.0k51%1.5k38%1.0k25%50013%00.0%₹ Cr%₹1,85212.5%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +11.0% growth against the decade's 14.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +11.3% over the last 4 quarters against +10.2%/yr over the last 8 — stabilising; TTM profit +10.7% vs +11.0%/yr — stabilising.

→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (+1.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

JBM Auto Ltd's operating margin is 12.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 13.0%. The current quarter sits inside that band.

JBM Auto Ltd's operating margin is 12.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 13.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 12.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–13.0%.

Why the margin moved: operating margin went +1.1 pp year on year while gross margin went +3.2 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 11.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 10.0–13.0% band over 13 years
operating marginYoY change (pp)
13.2%2.3%12.4%1.2%11.5%0.0%10.6%−1.2%9.76%−2.3%%%11%−1%FY14FY20FY26
13.2%2.3%12.4%1.2%11.5%0.0%10.6%−1.2%9.76%−2.3%%%11%−1%FY14FY20FY26
Mar 26: 12.0% operating margin (+1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
12.2%1.2%11.6%0.6%11.0%0.0%10.4%−0.6%9.84%−1.2%%%12%1%Jun 23Sep 24Mar 26
12.2%1.2%11.6%0.6%11.0%0.0%10.4%−0.6%9.84%−1.2%%%12%1%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +16.7% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

JBM Auto Ltd earned ₹84.0 Cr of net profit in the Mar 26 quarter, +16.7% year on year. It is the 10th consecutive quarter of growth. Full-year FY26 profit was ₹238 Cr. The 10-year compound rate is 14.2%. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr.

JBM Auto Ltd earned ₹84.0 Cr of net profit in the Mar 26 quarter, +16.7% year on year. It is the 10th consecutive quarter of growth. Full-year FY26 profit was ₹238 Cr. The 10-year compound rate is 14.2%. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr.

Mar 26 profit was ₹84.0 Cr, +16.7% year on year — the 10th consecutive quarter of growth. On the full year, FY26 printed ₹238 Cr (+10.7%), and the 10-year compound rate is 14.2%.

FY26 profit ₹238 Cr (+10.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
14.2% a year over 10 years
Net profitYoY growth
257238%193166%12993%6420%0−52%₹ Cr%₹23810.7%FY16FY21FY26
257238%193166%12993%6420%0−52%₹ Cr%₹23810.7%FY16FY21FY26
Mar 26: ₹84.0 Cr (+16.7% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Net profit (quarterly)YoY growth
91131%6897%4563%2328%0−5.6%₹ Cr%₹8416.7%Jun 23Sep 24Mar 26
91131%6897%4563%2328%0−5.6%₹ Cr%₹8416.7%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +12.5% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +10.6% vs revenue +11.0%. Profit and revenue are moving roughly in step.

→ Profit rose — but did the cash follow? Next: 83% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 83% of JBM Auto Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹−60.0 Cr of operating cash against ₹238 Cr of profit. After ₹159 Cr of capital spending, ₹−219 Cr was left as free cash.

FY26: operating cash of ₹−60.0 Cr against reported profit of ₹238 Cr, leaving free cash of ₹−219 Cr after ₹159 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 83% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−60.0 Cr vs profit ₹238 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
83% of 3-year profit arrived as cash
Operating cashNet profitFree cash
55429944−211−466₹ Cr₹−60₹238₹−219FY16FY21FY26
55429944−211−466₹ Cr₹−60₹238₹−219FY16FY21FY26
FY26: CFO = −25% of profit (three-year rate 83%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
331%218%105%−8.9%−122%%−25%FY16FY21FY26
331%218%105%−8.9%−122%%−25%FY16FY21FY26

Why conversion sits at 83%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 26-day cycle and ₹490 Cr of building.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

JBM Auto Ltd's cash conversion cycle runs 26 days in FY26, down from 33 days in FY21. Capital spending ran ₹490 Cr over the last 3 years. At FY26 sales of ₹6,088 Cr each day of that cycle holds about ₹16.7 Cr, so roughly ₹434 Cr sits inside the business at any moment.

FY26: debtors at 131 days, inventory at 46 days — roughly 1.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 26 days, tighter than FY21's 33.

The full loop: cash goes out to suppliers and production on day 0; stock waits 46 days to sell; customers pay about 131 days after that; and suppliers themselves are paid at 150 days — netting out to the 26-day cycle.

In money terms: at FY26 sales of ₹6,088 Cr, each day of the cycle holds about ₹16.7 Cr — so the 26-day loop keeps roughly ₹434 Cr sitting inside the business at any moment.

FY26: a 26-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−7 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
16512483420days26d46d131d150dFY14FY17FY20FY23FY26
16512483420days26d46d131d150dFY14FY20FY26

On the investment side: capital spending of ₹490 Cr over the last 3 fiscal years against ₹520 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹158 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹159 Cr, work-in-progress ₹158 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
59441623859−119₹ Cr₹159₹158FY16FY18FY21FY23FY26
59441623859−119₹ Cr₹159₹158FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 15%.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

JBM Auto Ltd earns a ROCE of 15% in FY26. That is up from a trough of 9% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.9% net margin on 0.83× asset turns.

FY26 ROCE is 15%, recovered from a FY21 trough of 9% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 3.9% net margin × 0.83× asset turns × 4.79× balance-sheet leverage ≈ 15.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 15% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 9%
ROCEWACC
22%18%15%12%8.0%%15%FY14FY17FY20FY23FY26
22%18%15%12%8.0%%15%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 11% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 1.97.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

JBM Auto Ltd carries ₹3,029 Cr of borrowings against ₹1,539 Cr of equity in FY26, a debt-to-equity of 1.97. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹845 Cr to ₹3,029 Cr. Capital spending ran ₹490 Cr across the last 3 of those years.

FY26: borrowings of ₹3,029 Cr against equity of ₹1,539 Cr — a debt-to-equity of 1.97. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹845 Cr to ₹3,029 Cr while capital spending ran ₹490 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹3,029 Cr at 1.97× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
3.3k2.1×2.5k1.7×1.6k1.4×8181.1×00.8×₹ Cr×₹3,0291.97×FY14FY17FY20FY23FY26
3.3k2.1×2.5k1.7×1.6k1.4×8181.1×00.8×₹ Cr×₹3,0291.97×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 11% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 1.3 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 1.3 points of JBM Auto Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 2.0% of the company. Domestic institutions moved +0.1 points over the same window, to 0.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −1.3 points over 8 quarters to 2.0%; Domestic institutions: +0.1 points over 8 quarters to 0.2%; Promoters: +0.0 points over 8 quarters to 67.5%.

🚨 Why the register moved: foreign institutions drove it (−1.3 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
73%53%34%14%−5.3%%67.5%2.0%0.1%30.4%Mar 24Mar 25Mar 26
73%53%34%14%−5.3%%67.5%2.0%0.1%30.4%Mar 24Mar 25Mar 26
Foreign institutions cut 1.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
73%53%34%14%−5.4%%67.5%2.0%0.2%30.3%Jun 23Dec 24Jun 26
73%53%34%14%−5.4%%67.5%2.0%0.2%30.3%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

JBM Auto Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Auto - Bus/LCVs Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
JBM Auto Ltd this page69.1×₹15,515 CrConsistent
Force Motors Ltd22.0×₹23,217 CrMixed
Olectra Greentech Ltd61.8×₹10,968 CrConsistent
SML Mahindra Ltd35.6×₹5,563 CrConsistent
12 · Frequently asked questions

Frequently asked questions

What is JBM Auto Ltd's share price today?

JBM Auto Ltd trades at ₹670, +4.7% over the past year. The company is valued at ₹15,515 Cr. The stock sits at 76% of its 52-week range of ₹494–₹727, +5.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 7 weeks in. — as of 24 July 2026.

What were JBM Auto Ltd's latest quarterly results?

JBM Auto Ltd reported revenue of ₹1,852 Cr and net profit of ₹84.0 Cr for the Mar 26 quarter. Revenue rose 12.5% and profit rose 16.7% year on year. Earnings per share were ₹3.14. The operating margin was 12.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.

What is JBM Auto Ltd's revenue?

JBM Auto Ltd reported revenue of ₹1,852 Cr in the Mar 26 quarter, +12.5% year on year. For the full FY26 fiscal year, revenue was ₹6,088 Cr (+11.3%). Over the last 10 years revenue compounded at 14.9% a year. — as of 24 July 2026.

What is JBM Auto Ltd's profit?

JBM Auto Ltd earned ₹84.0 Cr of net profit in the Mar 26 quarter, +16.7% year on year — the 10th straight quarter of growth. Full-year FY26 profit was ₹238 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.

What is JBM Auto Ltd's market cap?

JBM Auto Ltd's market capitalisation is ₹15,515 Cr at a share price of ₹670. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is JBM Auto Ltd's P/E ratio?

JBM Auto Ltd trades at a P/E of 69.1×, at the 73rd percentile of its own 10-year range, against a long-run median of 33.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does JBM Auto Ltd pay a dividend?

Yes — JBM Auto Ltd's dividend payout was 9% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is JBM Auto Ltd overvalued?

On its own history, JBM Auto Ltd looks expensive against its own history: its P/E of 69.1× sits at the 73rd percentile of its 10-year range (long-run median 33.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is JBM Auto Ltd growing?

Yes — JBM Auto Ltd is growing: latest-quarter revenue +12.5% year on year, profit +16.7%, and the margin +1.0 pp at 12.0%. The 10-year compound rates are 14.9% (revenue) and 14.2% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is JBM Auto Ltd performing?

JBM Auto Ltd is in a confirmed uptrend, 7 weeks in. Its latest quarter's revenue rose 12.5% and profit rose 16.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is JBM Auto Ltd in?

Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 15.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +12.5% latest, profit growth +16.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is JBM Auto Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 7 of stage 2), trading +5.1% versus its 200-day average and at 76% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is JBM Auto Ltd beating the market?

On recent form, yes — JBM Auto Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +2,289% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will JBM Auto Ltd's share price go up?

This page publishes no price forecast for JBM Auto Ltd. What it measures instead: the share price is ₹670, the price is in a confirmed uptrend 7 weeks in. Its P/E of 69.1× sits at the 73rd percentile of its own 10-year range. — as of 24 July 2026.

Who owns JBM Auto Ltd?

Promoters hold 67.5% of JBM Auto Ltd, foreign institutions 2.0%, domestic institutions 0.2% and the public 30.3% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 1.3 points over 8 quarters. — as of 24 July 2026.

Does JBM Auto Ltd have too much debt?

It carries real leverage — JBM Auto Ltd's debt-to-equity is 1.97, and operating profit covers the interest bill 2×. FY26 borrowings were ₹3,029 Cr against equity of ₹1,539 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is JBM Auto Ltd's capex?

JBM Auto Ltd spent ₹490 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹159 Cr, with ₹158 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is JBM Auto Ltd's cash flow?

JBM Auto Ltd generated ₹−60.0 Cr of operating cash flow in FY26 and ₹−219 Cr of free cash flow after ₹159 Cr of capital spending. Reported profit that year was ₹238 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is JBM Auto Ltd's profit real cash?

Yes — over the last 3 fiscal years, 83% of JBM Auto Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−60.0 Cr against reported profit of ₹238 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is JBM Auto Ltd in its business cycle?

JBM Auto Ltd's FY26 operating margin was 11.0%, against a 13-year band of 10.0%–13.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the JBM Auto Ltd story?

Biggest watch item: the P/E sits at the 73rd percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is JBM Auto Ltd a stock worth studying right now?

This is not investment advice. The machine read: JBM Auto Ltd's earnings have outrun its stock. EPS grew +8.3% in a year against a +4.7% price move. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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