Jamna Auto Industries Ltd (JAMNAAUTO) — share price & stock analysis

Market cap

₹5,383 Cr

P/E

22.5×

ROE

22.4%

vs own 10-yr valuation

45th pctile

Book value / share

₹28.7

EPS (TTM)

₹5.06

10-yr median P/E

23.3×

Revenue (FY26)

₹2,612 Cr

Profit after tax (FY26)

₹231 Cr

Weinstein stage

Stage 2 (44 weeks)

Data as of

1 July 2026

6 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 27% — a high-quality engine; effectively no debt; margins near the top of their band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

Most of this rally is re-rating, not earnings

Since Mar 2016, the stock is up 371% while earnings per share grew 150%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 22.5× is the middle of its own range against its own 10-year history (45th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (23.3×).

Stage 2: the trend is up, and has been for 44 weeks

Price trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 44 weeks so far, confirmed.stage

The price sits above its rising 200-day average (₹119 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 39 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Up in 10 of 12 years — the long arc of a compounder

Over 12 years, sales went from ₹833 Cr to ₹2,612 Cr (about 10% a year), and profit from ₹14.0 Cr to ₹231 Cr.revenuenet_profit

Margins widened 9.3 points along the way — growth with improving economics.operating_profit

Sales jumped 32% last quarter — the 4th straight quarter of growth

Mar 26 sales were ₹840 Cr, up 32% on the same quarter last year.revenue

That makes 4 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 13% → 16% in a year

Of every ₹100 of sales, the company keeps ₹16.3 as operating profit (a year ago it kept ₹13.1).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 11.3% in FY23 and has been rebuilt to 15.2% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (36% → 37%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 74% — mostly from selling more

Mar 26 profit after tax was ₹87.0 Cr, up 74% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹925 Cr of profit and collected ₹1,264 Cr of operating cash — about 137% conversion.operating_cash_flownet_profit

One asterisk on that strength: suppliers are being paid 29 days later than a year ago (19 → 48 days). Cash flattered by stretching payables is real cash — but it is borrowed timing, not extra earning power.payable_days

The cash cycle looks tighter — but it is supplier credit doing the work

One rupee now takes about 37 days to go out the door as materials and come back as collected cash — down from 88 days the year before.cash_conversion_cycle

Look inside the improvement, though: suppliers are being paid 29 days later (19 → 48 days). Supplier credit is funding the cycle — useful, but not the same thing as customers paying faster.payable_daysinventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹259 Cr (FY14) to ₹849 Cr, with another ₹108 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹594 Cr) fits inside the operating cash the business generated (₹889 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹1 — total borrowings have shrunk from ₹127 Cr to ₹12.0 Cr over the window.borrowings

Every ₹100 kept in the business now earns ₹27 — and the number is rising

Return on capital employed is 27.0% (a year ago: 21.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

The owners aren’t moving

Promoters hold 49.9%, essentially unchanged. Foreign funds own 9.3%, domestic funds 4.8%.promoters_pctfiis_pctdiis_pct

Meanwhile domestic funds have been the sellers — from 14.6% to 4.8% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

Strong on the data — worth the deeper look if the story keeps its promises

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: free cash flow rising (₹100 Cr → ₹265 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data