Jamna Auto Industries Ltd

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NSEBSE

135.705.50 (4.22%)

12:00 AM,2nd Mar 2024

135.705.65 (4.34%)

12:00 AM,2nd Mar 2024

BSE : 520051

NSE : JAMNAAUTO

Sector : Auto

ISIN Code : INE039C01032

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

5413

Turnover (₹ Cr)

10.84

Volume (Shares)

7990733

Face Value

1

52-WK High

136.50

52-WK High Date

02 Mar 2024

52-WK Low

94.40

52-WK Low Date

28 Mar 2023

All Time High

136.50

All Time High Date

02 Mar 2024

All Time Low

0.49

All Time Low Date

09 Feb 1999

Jamna Auto Industries Ltd

Promoted by Sardar Bhupinder Singh JauharJamna Auto Industries (JAIL) was Incorporated in September 30th 1965. The Company has manufacturing plants at Malanpur Chennai Yamuna Nagar Jamshedpur Hosur Pillaipakkam and Pune and is presently engaged in manufacturing and selling of Tapered Leaf Springs Parabolic Springs and Lift Axles for automobiles. The Company has entered into Joint Venture with NHK Spring Co. Ltd Nissho Iwai Corporation Japan & Allevard Ressorts Automobile France for manufacture state of the art Coil Springs and Stabilizer Bars Primarily for supplies to the car market in India by a substantial foreign equity 85% and Company investing the balance 15%.Incorporated as a partnership firm Jamna Auto Industries (JAIL) went public in Nov.'85. Company started exports to General Motors Corporation USA in February 1998. The company continues to maintain ISO 9002 & QS 9000 status and undergoes perodic quality systems review & audit by designated QS auditors in order to ensure the same.In FY 2007 the Company acquired Tata's captive springs business in Jamshedpur. The production at the Pantnagar (Uttarakhand) plant of the company's wholly owned subsidiary i.e. Jai Suspension System Limited started in FY 2008. In 2009 it decided to supply air suspension and signed a technical assistance agreement with the US-based Ridewell Corporation for manufacture of air suspension and components. It planned to put up a green-field project at Jamshedpur with a capacity of 60000 MTPA primarily to serve the requirements of Tata Motors Ltd's plant Jamshedpur plant began commenced commercial production in October 2010. During the year 2011 the company's wholly owned subsidiary i.e. Jai Suspension Systems Limited was converted into a Limited Liability Partnership Firm. It acquired land in Chennai to set up a plant to manufacture Air Suspension and Lift Axle. The Company completed the land acquisition for its seventh plant at Hosur (Tamil Nadu). It introduced parabolic springs on Indian roads. It started Leaf Spring Design Centre in India. It established a state-of-the-art in-house R&D Center recognized by the Department of Scientific and Industrial Research India. It designed & developed springs for Tata Motors - Ace - World Truck - Sumo Mahindra - Scorpio General Motors - Hummer (H3) - USA Ford - Transit - Europe Volvo - India and Force Mann - India etc. Apart from this Tata Motors converted its two high selling models into parabolic springs. It In 2012 it started developing springs for Bharat Benz. It signed agreement to supply Lift Axle with Ashok Leyland for its commercial vehicles. It purchased land in Pune for setting up manufacturing facility for light and heavy leaf and parabolic springs and additional land in Malanpur and Yamuna Nagar for expansion. During the year 2013 the Company launched lift axles and air-suspension products. It completed the expansion plan at Malanpur in Madhya Pradesh. It started supplying Lift Axles to Ashok Leyland Ltd. It started supplying Air Suspensions to SML Isuzu Limited. It introduced Parabolic Springs in India under technical collaboration with NHK Spring Co. Ltd. Japan.In 2014 it increased share of business with TATA Motors Limited the largest manufacturer of CVs in India. In 2015 it expanded share in the domestic OEMs market for Multileaf Springs. In 2018 it expanded the manufacturing footprints in Yamuna Nagar and Malanpur Plants. During FY 2019-20 the Company incorporated a wholly owned subsidiary company viz. Jai Automotive Components Limited. In FY'21 the Company launched and started executing its first 5-year plan named Lakshya 50XT. It started manufacturing of Stabilizer Bars. It launched full range of Trailer Suspension in markets including Mechanical Air suspension and Lift axle. It launched springs and lift axle allied products in the after-market like U-Bolt Center Bolt Bush Hanger Shackle/Bracket Spring Pin and Air bellow. During the year 2021 the assembly unit of Jai Suspension Systems LLP at Lucknow (U.P.) was converted into Jai Suspension Systems Private Limited effective from May 28 2021. It launched new products in the aftermarket like such as clutches bearings and brake linings. It commissioned new manufacturing lines at the plant in Yamuna Nagar .During the FY 2022-23 the Company's subsidiary Jai Automotive Components Limited (JACO) started supply of Nodo Brackets i.e. machined products from its first factory at Rudrapur Uttrakhand. In April 2023 JACO also started production of agriculture implements i.e. rotavator & cultivator at its second factory in Dera Bassi Punjab. Jai Suspension Systems Private Limited was made a material subsidiary of Company effective from April 01 2023. In FY 2022-23 the Company introduced a range of suspension solution and axles for air suspension.

Jamna Auto Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

5413

EPS - TTM (₹) [S]

5.93

P/E Ratio (X) [S]

6.30

Face Value (₹) 1
Latest Dividend (%)110.00
Latest Dividend Date 17 Nov 2023
Dividend Yield (%) 1.40
Book Value Share (₹) [S]21.53
P/B Ratio (₹) [S]6.30
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 1212 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 1212 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

129.40

136.50

Week Low/High

113.50

137.00

Month Low/High

111.80

137.00

Year Low/High

94.40

137.00

All time Low/High

0.10

137.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week17.59%17.49%0.910.75%
1 Month14.66%14.51%2.392.40%
3 Month21.38%21.54%9.3710.41%
6 Month11.69%11.55%12.8815.14%
1 Year34.16%34.09%25.2929.19%
3 Year96.81%96.95%46.7450.00%

Company Info

Company Information

Chairman & Executive Director : Randeep Singh Jauhar

Non-Exec. & Independent Dir. : Uma Kant Singhal

Managing Director & CEO : Pradeep Singh Jauhar

Non-Exec. & Independent Dir. : Shashi Bansal

Company Sec. & Compli. Officer : Praveen Lakhera

Non-Exec. & Independent Dir. : Rakesh Kalra

Executive Director : Surinder Pal Singh Kohli

Independent Director : Gautam Mukherjee

Independent Director : Rashmi Duggal

Registered Office: Jai Springs Road, Industrial Area,Yamuna Nagar,Haryana-135001 Ph: 91-1732-251810/11/14

Email:praveen@jaispring.com

URL:http://www.jaispring.org