JBM Group, founded in 1983, has grown from manufacturing cylinders to becoming a $2.6 billion global conglomerate, deeply embedded in the Indian automotive industry. Inspired by the vision of having “JBM inside” every vehicle in India, the company now produces half a million auto components daily, contributing to almost every vehicle made in the country. Over the years, JBM has expanded its operations across the value chain, including the production of buses and the development of a sustainable EV ecosystem. With a presence in over 10 countries and a workforce of more than 25,000 dedicated employees, JBM is committed to driving innovation and excellence, ensuring cleaner, greener, and safer mobility solutions for the future. The company’s in-house R&D Centres, recognized by the Indian government, underscore its focus on using cutting-edge technology to deliver maximum value to stakeholders.
Latest News on JBM Auto Ltd
JBM Auto’s subsidiary, JBM Ecolife Mobility Pvt. Ltd., has recently achieved a major milestone by securing a significant electric bus order. Declared the Lowest Bidder (L1), JBM Ecolife has been awarded a tender valued at ₹7,500 crore, underscoring its growing presence in the electric mobility sector. This order marks a pivotal moment for the company as it expands its footprint in sustainable transportation solutions.
In addition to this achievement, JBM Auto has released its Annual Report for 2024, which features its Business Responsibility and Sustainability Reporting (BRSR). This report highlights the company’s ongoing commitment to sustainable practices and environmental stewardship. Furthermore, JBM Ecolife Mobility is in discussions with the Canada Pension Plan Investment Board and the Asian Development Bank for $100 million in funding to support its electric bus operations. The company is also set to benefit from government subsidies through collaborations with Solaris Bus & Coach, leveraging schemes such as FAME and PM E-bus Sewa to advance its electric bus initiatives.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 67.53% | 67.53% | 67.53% | 67.53% | 67.53% |
| FIIs + | 1.73% | 2.52% | 2.82% | 3.34% | 3.30% |
| DIIs + | 0.02% | 0.03% | 0.04% | 0.06% | 0.05% |
| Public + | 30.72% | 29.91% | 29.62% | 29.09% | 29.12% |
| No. of Shareholders | 54,667 | 90,389 | 89,478 | 1,11,902 | 1,29,244 |
JBM Auto’s shareholding patterns reveal a stable distribution among its major shareholders. The promoters hold a consistent 67.53% of the company’s shares, reflecting their significant control and commitment. Foreign Institutional Investors (FIIs) have slightly increased their stake from 1.73% in June 2023 to 3.30% in June 2024, indicating growing interest from international investors. Domestic Institutional Investors (DIIs) have also seen a marginal rise, reaching 0.05% by June 2024. The public’s shareholding has remained relatively stable, decreasing slightly from 30.72% to 29.12% over the same period. The number of shareholders has notably increased from 54,667 in June 2023 to 129,244 in June 2024, reflecting a rise in investor interest and engagement.
Below are the trading platforms that you can use to purchase JBM Auto shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 2,013.15 | 1,750.57 |
| October 2024 | 1,993.22 | 1,733.24 |
| November 2024 | 2,072.95 | 1,802.57 |
| December 2024 | 2,093.68 | 1,820.59 |
In September 2024, JBM Auto’s share price is expected to reach a maximum of ₹2,013.15, with a potential minimum of ₹1,750.57. Moving into October 2024, the price could peak at ₹1,993.22, while the lowest price might be around ₹1,733.24. As we step into November 2024, JBM Auto’s maximum share price is projected to rise to ₹2,072.95, with a minimum anticipated at ₹1,802.57. Finally, as we conclude the year in December 2024, the share price of JBM Auto is expected to reach a maximum of ₹2,093.68 and a minimum of ₹1,820.59.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,114.62 | 1,626.63 |
| February 2025 | 2,135.98 | 1,643.06 |
| March 2025 | 2,180.83 | 1,677.56 |
| April 2025 | 2,159.24 | 1,660.95 |
| May 2025 | 2,096.35 | 1,612.58 |
| June 2025 | 2,190.69 | 1,685.14 |
| July 2025 | 2,147.73 | 1,652.10 |
| August 2025 | 2,214.16 | 1,703.20 |
| September 2025 | 2,240.72 | 1,723.63 |
| October 2025 | 2,298.98 | 1,768.45 |
| November 2025 | 2,356.46 | 1,812.66 |
| December 2025 | 2,462.50 | 1,894.23 |
In January 2025, JBM Auto is expected to have a maximum price of ₹2,114.62 and a minimum of ₹1,626.63. By December 2025, the price could peak at ₹2,462.50 and dip to ₹1,894.23, with fluctuations throughout the year
| When | Maximum Price | Minimum Price |
| January 2026 | 2,536.37 | 1,951.06 |
| February 2026 | 2,472.96 | 1,902.28 |
| March 2026 | 2,522.42 | 1,940.33 |
| April 2026 | 2,573.90 | 1,979.92 |
| May 2026 | 2,548.42 | 1,960.32 |
| June 2026 | 2,612.13 | 2,009.33 |
| July 2026 | 2,560.91 | 1,969.93 |
| August 2026 | 2,640.11 | 2,030.86 |
| September 2026 | 2,692.92 | 2,071.47 |
| October 2026 | 2,762.93 | 2,125.33 |
| November 2026 | 2,832.00 | 2,178.47 |
| December 2026 | 2,902.80 | 2,232.93 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,931.83 | 2,255.26 |
| February 2027 | 3,007.01 | 2,313.08 |
| March 2027 | 3,124.28 | 2,403.29 |
| April 2027 | 3,063.02 | 2,356.17 |
| May 2027 | 2,973.81 | 2,287.54 |
| June 2027 | 3,107.63 | 2,390.48 |
| July 2027 | 3,046.69 | 2,343.61 |
| August 2027 | 3,140.92 | 2,416.09 |
| September 2027 | 3,250.85 | 2,500.66 |
| October 2027 | 3,335.38 | 2,565.67 |
| November 2027 | 3,418.76 | 2,629.82 |
| December 2027 | 3,504.23 | 2,695.56 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,574.31 | 2,749.47 |
| February 2028 | 3,665.96 | 2,819.97 |
| March 2028 | 3,808.94 | 2,929.95 |
| April 2028 | 3,734.25 | 2,872.50 |
| May 2028 | 3,625.49 | 2,788.84 |
| June 2028 | 3,788.63 | 2,914.33 |
| July 2028 | 3,714.35 | 2,857.19 |
| August 2028 | 3,829.22 | 2,945.56 |
| September 2028 | 3,963.25 | 3,048.65 |
| October 2028 | 4,066.29 | 3,127.92 |
| November 2028 | 4,167.95 | 3,206.11 |
| December 2028 | 4,272.15 | 3,286.27 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,357.59 | 3,351.99 |
| February 2029 | 4,469.32 | 3,437.94 |
| March 2029 | 4,643.63 | 3,572.02 |
| April 2029 | 4,552.57 | 3,501.98 |
| May 2029 | 4,419.98 | 3,399.98 |
| June 2029 | 4,618.87 | 3,552.98 |
| July 2029 | 4,528.31 | 3,483.31 |
| August 2029 | 4,668.36 | 3,591.05 |
| September 2029 | 4,831.75 | 3,716.73 |
| October 2029 | 4,957.38 | 3,813.37 |
| November 2029 | 5,081.31 | 3,908.70 |
| December 2029 | 5,208.34 | 4,006.42 |
| When | Maximum Price | Minimum Price |
| January 2030 | 5,312.51 | 4,086.55 |
| February 2030 | 5,448.73 | 4,191.33 |
| March 2030 | 5,661.23 | 4,354.79 |
| April 2030 | 5,550.23 | 4,269.40 |
| May 2030 | 5,388.57 | 4,145.05 |
| June 2030 | 5,631.05 | 4,331.58 |
| July 2030 | 5,520.64 | 4,246.65 |
| August 2030 | 5,691.38 | 4,377.99 |
| September 2030 | 5,890.58 | 4,531.22 |
| October 2030 | 6,043.74 | 4,649.03 |
| November 2030 | 6,194.83 | 4,765.25 |
| December 2030 | 6,349.70 | 4,884.38 |
In January 2030, JBM Auto is projected to reach a maximum price of ₹5,312.51 and a minimum of ₹4,086.55. By December 2030, the price is expected to peak at ₹6,349.70 and fall to a minimum of ₹4,884.38.
Financial Condition of JBM Auto: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,947 | 1,982 | 3,193 | 3,857 | 5,009 | 5,208 |
| Expenses + | 1,717 | 1,784 | 2,860 | 3,459 | 4,425 | 4,609 |
| Operating Profit | 230 | 198 | 333 | 398 | 584 | 599 |
| OPM % | 12% | 10% | 10% | 10% | 12% | 12% |
| Other Income + | 16 | 12 | 21 | 27 | 30 | 38 |
| Interest | 64 | 55 | 76 | 126 | 197 | 209 |
| Depreciation | 74 | 76 | 91 | 130 | 171 | 174 |
| Profit before tax | 108 | 78 | 187 | 170 | 246 | 253 |
| Tax % | 36% | 37% | 16% | 26% | 21% | |
| Net Profit + | 69 | 49 | 156 | 125 | 194 | 197 |
| EPS in Rs | 5.86 | 4.17 | 13.21 | 10.52 | 15.12 | 15.39 |
| Dividend Payout % | 12% | 14% | 8% | 12% | 10% |
JBM Auto’s financial performance demonstrates significant growth and resilience over recent years. For the fiscal year ending March 2024, the company achieved sales of ₹5,009 crore, marking a notable increase from ₹3,857 crore in March 2023 and ₹1,947 crore in March 2020. This growth in sales is accompanied by a rise in expenses, which escalated to ₹4,425 crore in March 2024 from ₹3,459 crore in the previous year. Despite higher costs, JBM Auto saw an improvement in operating profit, reaching ₹584 crore with an operating profit margin (OPM) of 12%, consistent with the TTM margin.
The company’s profit before tax improved to ₹246 crore in March 2024 from ₹170 crore the previous year, while net profit also increased to ₹194 crore from ₹125 crore. Earnings per share (EPS) rose to ₹15.12, up from ₹10.52 in March 2023, reflecting enhanced profitability. The dividend payout ratio was 10% for March 2024, slightly down from 12% in the previous year. Overall, JBM Auto’s financials indicate robust growth, efficient management, and a positive outlook, as evidenced by improved operating and net profit margins.
FAQs
What is the current market capitalization of JBM Auto?
JBM Auto currently boasts a market capitalization of ₹22,729 crore.
As of 28th august, the share price stands at ₹1,926.
Analysts forecast a maximum share price target of ₹2,093.68 for 2024.
The maximum share price target for 2025 is projected at ₹2,462.50.
The share price is anticipated to reach a maximum of ₹6,349.70 by 2030.
What is the current P/E ratio of JBM Auto?
The current P/E ratio is 125.
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Conclusion
JBM Auto has demonstrated remarkable financial growth and resilience over recent years. For the fiscal year ending March 2024, the company achieved impressive sales of ₹5,009 crore, up from ₹3,857 crore the previous year, reflecting strong market performance and strategic expansion. Despite increased expenses of ₹4,425 crore, JBM Auto improved its operating profit to ₹584 crore, maintaining a robust operating profit margin of 12%. The company’s net profit surged to ₹194 crore, up from ₹125 crore in the prior year, with earnings per share climbing to ₹15.12. The dividend payout ratio of 10% highlights JBM Auto’s commitment to delivering value to shareholders. Overall, JBM Auto’s solid revenue growth, enhanced profitability, and efficient cost management indicate a strong financial position and a promising outlook.
What did we learn?
- 1 Latest News on JBM Auto Ltd
- 2 Shareholding Patterns of JBM Auto
- 3 How to Purchase JBM Auto Shares in India?
- 4 JBM Auto Share Price Prediction: 2024 – 2030
- 5 Financial Condition of JBM Auto: Last 5 Years
- 6 FAQs
- 6.1 What is the current market capitalization of JBM Auto?
- 6.2 What is the current share price of JBM Auto?
- 6.3 What is the projected maximum share price target for 2024?
- 6.4 What is the projected maximum share price target for 2025?
- 6.5 What is the projected maximum share price target for 2030?
- 6.6 What is the current P/E ratio of JBM Auto?
- 7 Conclusion
