Jamna Auto Share Price rises more than 4%

Jamna Auto share price surged up by more than 4 per cent today. A total of 1,89,762 shares of the company have been traded on the counter of NSE aggregating to a total value of Rs 337.47 lacs.

At the moment Jamna Auto share price is trading at Rs 178.00, up by 3.94 per cent. The Lower Price Band is 137.00 and the Upper Price Band is 205.50.

Results of Q2FY17

Jamna Auto Industries Ltd (JAMNA) recorded decline of 13 per cent year on year in revenue to Rs 275 Crores. Net profit grew 37 per cent year on year supported by other income.

Jamna Auto recorded decline of 13 per cent year on year in revenue to Rs 275 Cr missing analyst expectations by 12 per cent. The impact was mainly felt due to slowdown in OEM volumes and slower traction in new variant demand.

EBITDA declined 3 per cent year on year to Rs34.85 Crores. The EBITDA was lower due to revenue. Accordingly, EBITDA margin came in at 12.7 per cent; expanding 135 bps year on year on the back of lower operational costs.

Net profit grew 37 per cent year on year to Rs 21 Crores missing estimates by 5 per cent. The PAT rise was supported by a 38 per cent year on year decline in finance cost and 4 fold surge in other income to Rs 5.50 Crores.

Out of Top 500 Shares, Jamna Auto is one of the Multibagger Shares, identified by Dynamic research at the end of every month. Jamna Auto can be a great investment opportunity which can give you high return. Jamna Auto is a well analyzed multibagger stock, based on our technical and fundamental research, traded in very high volumes.

Get the historical share price performance of the company at Jamna Auto share price history.

Jamna Auto Share Price Surges Around 7% Intraday

Jamna Auto share price experienced an upward surge in today’s trading session. The share price surged around 6.34% per cent to make a high of Rs 227.85. In the first half of trade, 4,23,394 shares of the company have changed hands on the counter of NSE against the average trading volume of 2,41,492 calculated for 20 days.

Fundamentals

• Jamna Auto share price is currently trading at Rs 226.45, up by 5.72 per cent.
• The 52 week high of the share is Rs 239.65 on 18^th August 2016 and the 52 week low is Rs 92.02 made on 18^th September 2015.
• The share is trading at a P/E ratio of 19.74.
• The 52 week high of the share is the lifetime high as well and the lifetime low is Rs 2.45 made on 9^th February 1999.
• The book value of the stock is 30.42.
• The market cap of the Company as of today is Rs 1705.81 crore.
• The Company has a turnover amount of Rs 2.17 crores.
• Jamna Auto has given a monthly return of 5.05 percent.
• The Promoter holding pledge stands at 8.66 percent
• The upper price band is 257 and the lower price band is 171.40.

Share Holding Pattern

• Promoter and Promoter Group (%) – 47.91 per cent for June 2016 as compared to 48.01 per cent for March 2016.
• Institutions (%) – 6.49 per cent for June 2016 as compared to 5.26 per cent for March 2016.
• Non-Institutions (%) – 45.60 per cent for June 2016 as compared to 46.74 per cent for March 2016.

Quarterly Results

The Company posted the total income from operations of Rs 293.75 crore for the quarter ended 30th June 2016 against Rs 254.22 crore for the corresponding quarter last financial year. For Q1 FY17 the net profit was Rs 27.33 crore. Jamna Auto is one of the Top 500 shares recommended by Dynamic Levels.

Jamna Autos on a Roll with Rise in Truck Demand

Jamna Auto Industries (JAI) is one amongst the some auto component stocks that continued to trade at reasonable valuations, despite the rally in the last two years. This was possible because of good earnings growth from the cyclical upturn in auto sale.

The company is mainly engaged in the supply of springs and other suspension products to commercial vehicles (CV). With more steam left in the medium and heavy CV (MHCV) segment, the company is doing well to track a few more quarters of strong earnings growth. Jamna Auto share price at present trades at a reasonable 20 times its trailing 12 month earnings. As of now the stock is currently trading at Rs.  199.25.

This is pretty cheap as compared to other CV suppliers including ZF Steering Gear (33 times), Wabco India (56 times) and Automotive Axles (28 times).

Advantages from CV up-cycle

MHCV sales have picked pace in the last two fiscals and kept up its double-digit growth in the beginning of the year as well. Jamna Auto will benefit as it holds 66 per cent market share in supplies to including Mahindra and Mahindra, Ashok Leyland, Tata Motors, Bharat Benz, Izuzu, and Volvo. Jamna Auto share price is Trading at its 52 week high and opened and the stock volume spurt by more than 2.28 times.

The company has extended its product portfolio to include parabolic springs, lift axles and air suspension systems.  With LCVs using parabolic springs, the company is going to benefit from a pick up in LCV sales in the latest months to come. Jamna Auto supplies lift axles to Ashok Leyland and air suspensions to SML Izuzu. The company aspires to increase its revenue mix from these new products to 33 per centfor the years to come. This provides chance for margin expansion as their value-added nature bestows the company with higher pricing power. Margins will also be helped by higher sales in the replacement markets. Jamna Auto is desires to improve its presence in the aftermarket segment, which presently brings about 15-20 per cent of the total revenue.

Jamna Auto Financials:

Jamna Auto is a multibagger as identified by Dynamic Levels research team for this quarter. The closest support for Jamna Auto share price reads at Rs. 180. For further details kindly refer to the Jamna Auto share price history.