Value Added Product Mix Shift
Expected: OngoingHIGH confidence
What: EBITDA Margin: 8.6%
Impact: 4.2% YoY growth in EBITDA
Jay Bharat Maruti Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +13.3%AverageRe-Entry
In , Jay Bharat Maruti Ltd (Auto Ancillaries - Diversified) is outperforming Nifty 500 with +13.3% relative strength. Fundamentals: Average.
Jay Bharat Maruti Ltd Key Facts
- PE Ratio
- 12.0x
- Market Cap
- ₹1,022 Cr
- PAT Growth YoY
- +350%
- Revenue Growth YoY
- +9%
- OPM
- 11.0%
- RS vs Nifty 500
- +13.3%
PE: Cycle BottomStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
Earnings Acceleration Triggers
1. Value Added Product Mix Shift
OngoingHIGH
2. Interest Cost Reduction Deleveraging
Q3 FY26MEDIUM
Key Risks
1. Fluctuation in steel prices impacting raw material costs
MEDIUM2. Supply chain disruptions for specialized tooling imported from East Asia
LOWSector-Specific Signals
Maruti Suzuki Revenue Share92%-100 bps
Average Capacity Utilisation72%-300 bps
Raw Material Cost Ratio68.4%-120 bps
Average Content Per VehicleINR 18,500+5%
Key Numbers
PAT Growth YoY
+350%
Stable
Revenue YoY
+9%
Accelerating
Operating Margin
11.0%
+500 bps YoY
PE Ratio
12.0
Current Price
₹94
Dividend Yield
0.74%
Fundamental Score
46/100
Average
3Y PAT CAGR
+6%
Market Cap
1.0K Cr
Valuation
Fairly Valued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Jay Bharat Maruti Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026
Interest Cost Reduction Deleveraging
Expected: Q3 FY26MEDIUM confidence
What: Finance Cost: INR 11.2 Cr
Impact: 8.5% reduction
What Are the Key Risks for Jay Bharat Maruti Ltd?
Earnings deceleration risks from management commentary
Fluctuation in steel prices impacting raw material costs
MEDIUMTrigger: Fluctuation in steel prices impacting raw material costs.
Impact: PAT impact: 5-7%
Management view: Pass-through contracts with OEMs with a one-quarter lag.
Monitor: commodity
Supply chain disruptions for specialized tooling imported from East Asia
LOWTrigger: Supply chain disruptions for specialized tooling imported from East Asia.
Impact: PAT impact: null
Management view: Increasing local sourcing for tooling and dies.
Monitor: geopolitical
What Did Jay Bharat Maruti Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 610.98 Crore
YoY -1.4%QoQ -1.8%
Revenue declined slightly due to lower off-take from the primary OEM customer during the year-end inventory adjustment phase.
EBITDA
INR 52.54 Crore
YoY +4.2%Margin 8.6%
Margins improved despite lower revenue as the company optimized its power and fuel costs across manufacturing units.
PAT
INR 18.42 Crore
YoY +12.1%QoQ +5.4%
PAT growth outpaced revenue due to lower interest expenses following the repayment of high-cost short-term debt.
Other Highlights
• Finance costs reduced by 8.5% YoY to INR 11.2 Crore.
• Employee benefit expenses remained flat at INR 34.2 Crore.
• Other income rose to INR 2.1 Crore from INR 1.4 Crore.
What Sector Metrics Matter for Jay Bharat Maruti Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Maruti Suzuki Revenue Share
92%
YoY -100 bps
Why: Slight diversification into other OEMs like Mahindra and Tata Motors.
Average Capacity Utilisation
72%
YoY -300 bps
Why: Lower production volumes at the anchor customer's plants.
Raw Material Cost Ratio
68.4%
YoY -120 bps
Why: Better scrap realization and improved yield from blanking lines.
Average Content Per Vehicle
INR 18,500
YoY +5%
Why: Increased supply of complex assemblies for new SUV models.
What Is Jay Bharat Maruti Ltd's Management Guidance?
Forward-looking targets from management for FY27
Revenue Growth Target
13.5%
OPM Guidance
9.5%
Capex Plan
₹150 Cr
Revenue Outlook
12-15%
Margin Outlook
Aiming for margin expansion through value-added products
Capex Plan
INR 150 Crore
New plant in Gujarat for EV chassis components
Volume
Expect volume growth in the passenger vehicle segment
Management Tone: CAUTIOUS
Guidance Changes
LOWERED
Revenue Growth: 15-18% → 12-15%
Slower than expected ramp-up in rural demand for entry-level cars.
How Fast Is Jay Bharat Maruti Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +9% | +3% | Accelerating |
| PAT (Net Profit) | +350% | +6% | Stable |
| OPM | 11.0% | +500 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.
Other Top Auto Ancillaries - Diversified Stocks Beating Nifty 500
Frequently Asked Questions: Jay Bharat Maruti Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Jay Bharat Maruti Ltd's latest quarterly results?
Jay Bharat Maruti Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +350.0% (stable)
- Revenue Growth YoY: +9.1%
- Operating Margin: 11.0% (volatile)
Is Jay Bharat Maruti Ltd's profit growing or declining?
Jay Bharat Maruti Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +350.0% (latest quarter)
- PAT Growth QoQ: 0.0% (sequential)
- 3-Year PAT CAGR: +5.6%
- Trend: Stable — consistent growth pattern
What is Jay Bharat Maruti Ltd's revenue growth trend?
Jay Bharat Maruti Ltd's revenue growth trend is accelerating.
- Revenue Growth YoY: +9.1%
- Revenue Growth QoQ: +10.6% (sequential)
- 3-Year Revenue CAGR: +3.3%
How is Jay Bharat Maruti Ltd's operating margin trending?
Jay Bharat Maruti Ltd's operating margin is volatile.
- Current OPM: 11.0%
- OPM Change YoY: +5.0% basis points
- OPM Change QoQ: 0.0% basis points
What is Jay Bharat Maruti Ltd's 3-year profit and revenue CAGR?
Jay Bharat Maruti Ltd's long-term compounding rates
- 3-Year Profit CAGR: +5.6%
- 3-Year Revenue CAGR: +3.3%
Is Jay Bharat Maruti Ltd's growth accelerating or decelerating?
Jay Bharat Maruti Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: 0.0% bps
- Sequential Acceleration: +21.7% bps
What is Jay Bharat Maruti Ltd's trailing twelve month (TTM) performance?
Jay Bharat Maruti Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹80 Cr
- TTM PAT Growth: +100.0% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +5.2% YoY
- TTM Operating Margin: 10.7%
Is Jay Bharat Maruti Ltd overvalued or undervalued?
Jay Bharat Maruti Ltd appears fairly valued based on our fair value analysis.
- Valuation Signal: Fairly Valued
- Current PE: 12.0x
- Price-to-Book: 1.7x
What is Jay Bharat Maruti Ltd's current PE ratio?
Jay Bharat Maruti Ltd's current PE ratio is 12.0x.
- Current PE: 12.0x
- Market Cap: 1.0K Cr
- Dividend Yield: 0.74%
How does Jay Bharat Maruti Ltd's valuation compare to its history?
Jay Bharat Maruti Ltd's current PE is 12.0x.
- Current PE: 12.0x
- Valuation Assessment: Fairly Valued
What is Jay Bharat Maruti Ltd's price-to-book ratio?
Jay Bharat Maruti Ltd's price-to-book ratio is 1.7x.
- Price-to-Book (P/B): 1.7x
- Book Value per Share: ₹56
- Current Price: ₹94
Is Jay Bharat Maruti Ltd a fundamentally strong company?
Jay Bharat Maruti Ltd is rated Average with a fundamental score of 45.51/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +9.1% (10% weight)
- PAT Growth YoY: +350.0% (10% weight)
- PAT Growth QoQ: 0.0% (10% weight)
- Margins stable (10% weight)
Is Jay Bharat Maruti Ltd debt free?
Jay Bharat Maruti Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹616 Cr
What is Jay Bharat Maruti Ltd's return on equity (ROE) and ROCE?
Jay Bharat Maruti Ltd's return ratios over recent years
- FY2023: ROCE 11.0%
- FY2024: ROCE 10.0%
- FY2025: ROCE 8.0%
Is Jay Bharat Maruti Ltd's cash flow positive?
Jay Bharat Maruti Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹199 Cr
- Free Cash Flow (FCF): ₹-66 Cr
- CFO/PAT Ratio: 603% (strong cash conversion)
What is Jay Bharat Maruti Ltd's dividend yield?
Jay Bharat Maruti Ltd's current dividend yield is 0.74%.
- Dividend Yield: 0.74%
- Current Price: ₹94
Who holds Jay Bharat Maruti Ltd shares — promoters, FII, DII?
Jay Bharat Maruti Ltd's shareholding pattern (Mar 2026)
- Promoters: 59.4%
- FII (Foreign): 1.3%
- DII (Domestic): 0.0%
- Public: 39.3%
Is promoter holding increasing or decreasing in Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 59.4% (Mar 2026)
- Previous Quarter: 59.4% (Dec 2025)
- Change: 0.00% (stable)
How long has Jay Bharat Maruti Ltd been outperforming Nifty 500?
Jay Bharat Maruti Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
Is Jay Bharat Maruti Ltd a new momentum entry or an established outperformer?
Jay Bharat Maruti Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
What are the growth catalysts for Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd has 2 key growth catalysts identified from recent earnings analysis
- Value Added Product Mix Shift — Higher margins on complex parts offset volume stagnation.
- Interest Cost Reduction Deleveraging — Directly boosts PAT without requiring revenue growth.
What are the key risks in Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd has 2 key risks worth monitoring
- [MEDIUM] Fluctuation in steel prices impacting raw material costs — Fluctuation in steel prices impacting raw material costs.
- [LOW] Supply chain disruptions for specialized tooling imported from East Asia — Supply chain disruptions for specialized tooling imported from East Asia.
What is Jay Bharat Maruti Ltd's management guidance for growth?
Jay Bharat Maruti Ltd's management has provided the following forward guidance for FY27
- Revenue growth target: 13.5%
- OPM guidance: 9.5%
- Capex plan: ₹150 Cr for New plant in Gujarat for EV chassis components
- Management tone: cautious
- Milestone: [LOWERED] Revenue Growth: 15-18% → 12-15%
What sector-specific metrics matter most for Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd's most important sub-sector-specific KPIs from the latest concall
- Maruti Suzuki Revenue Share: 92% (YoY -100 bps) — Slight diversification into other OEMs like Mahindra and Tata Motors.
- Average Capacity Utilisation: 72% (YoY -300 bps) — Lower production volumes at the anchor customer's plants.
- Raw Material Cost Ratio: 68.4% (YoY -120 bps) — Better scrap realization and improved yield from blanking lines.
- Average Content Per Vehicle: INR 18,500 (YoY +5%) — Increased supply of complex assemblies for new SUV models.
Is Jay Bharat Maruti Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Jay Bharat Maruti Ltd may be worth studying
- Earnings growing at +350.0% YoY
- Revenue growth is accelerating — +9.1% YoY
- Cash flow is positive — CFO ₹199 Cr
What is the investment thesis for Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Value Added Product Mix Shift
Risk Factors (Bear Case)
- Key risk: Fluctuation in steel prices impacting raw material costs
What is the future outlook for Jay Bharat Maruti Ltd?
Jay Bharat Maruti Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: accelerating
- Margin Trend: volatile
- Valuation: Fairly Valued
- Key Catalyst: Value Added Product Mix Shift
- Key Risk: Fluctuation in steel prices impacting raw material costs
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.