JTEKT India Ltd.
Snapshot View

75.85 +0.75 ▲1.0%

24 May 2022, 04:01:00 PM
Volume: 8,070

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.jtekt.co.in
Market Cap 1,845.83 Cr.
Enterprise Value(EV) 1,840.98 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 1.51 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 50.25 Trailing Twelve Months Ending 2022-03
Industry PE 41.79 Trailing Twelve Months Ending 2022-03
Book Value / Share 25.84 Trailing Twelve Months Ending 2022-03
Price to Book Value 2.93 Calculated using Price: 75.85
Dividend Yield 0.53 Period Ending 2021-03
No. of Shares Subscribed 24.45 Cr. 244,480,469 Shares
FaceValue 1
Company Profile

Established in 1984, JTEKT India Limited (formerly known as Sona Koyo Steering Systems Limited) is a subsidiary of JTEKT Corporation Japan and operates as part of JTEKT Group India. It is leading automotive components manufacturer. The globally recognised manufacturer of steering systems and automotive components, JTEKT India, caters to most vehicle manufacturers nationally as well as internationally. Some of the major original equipment manufacturers (OEMs) namely Maruti Suzuki, Toyota, Tata Motors, Mahindra & Mahindra, General Motors, Fiat India, Isuzu Motors, Renault India, Honda and Nissan procure ancillary equipment from JTEKT India.

The company also exports its products to the USA, Europe, and Japan independently as well as through overseas partners. Over the last three decades, the Company has successfully strengthened its presence in two core product technologies – steering systems and driveline components. Spread geographically to seven manufacturing units across India, JTEKT India has five Plants in Haryana (the automotive hub of India), one in Gujarat, and one in Tamil Nadu.

Business area of the company

The company is engaged in the business of manufacturing / production, supply and sale of steering systems, axles and other auto ancillaries to almost all Indian passenger car and utility vehicle manufacturers.

Products

The product portfolio of the company includes High-performance Rack and Pinion Manual Steering Gear, Hydraulic Power Steering System, Recirculating Ball Screw Assembly, Column type Electric Power Steering, Tilt & telescopic steering column, intermediate shaft, Advanced Column & telescopic intermediate shaft, Electric Power-Assist Module (EPAM), Rear Axle Assembly and other Driveline products.

Awards

2009-10:

  • The company was awarded by Tata Motors for its ‘Pursuit of Excellence in Quality’.
  • The being conferred with ‘Supply Chain Leader Award’ by 9.9 media publication.

2010-11:

  • The company was awarded, by Maruti Suzuki, Excellence Award under the categories of ‘Research & Development’ and ‘Tier 2 Up-gradation’.

2011-12:

  • Maruti Suzuki awarded the company with Production System Excellence Award & Human Resource Excellence Award.
  • The company was also awarded with 2nd prize in Kaizen competition for Mahindra Supplier group.

2012-13:

  • General Motors awarded the company with the ‘Best Practices Recognition Award’ during the year.
  • Awarded Tier-2 Upgradation Award from Maruti Suzuki. The company is participating in MACE (Maruti Centre for Excellence) program for Tier-2 (supplier) upgradation.
  • The Institute of Economic Studies (IES), one of India’s premiere research institutes, conferred ‘Excellence Award’ to the company for its prominent position in Auto Component Industry.
  • The company’s Dharuhera Plant-2 is the NCR’s first certified green building as acknowledged by Indian Green Building Council.

2013-14:

  • The company’s continuing emphasis on research and development was recognized by ACMA’s ‘Award for Excellence in Technology - Large Category’.
  • Recognized as Best Vendor Support and Best Delivery by Toyota Kirloskar Motor for its outstanding performance during FY14.

2015-16:

  • Toyota Kirloskar Motor 'Zero PPM' award for achieving Zero Defect Supplies for the year 2015.
  • Maruti Suzuki Quality Award for the year 2015.

2016-17:

  • Infosec Maestros Award 2016.
  • Business Tech Award 2016 (DQ Live)

2017-18:

  • The company has been recognised by its customer Toyota Kirloskar Motor with four awards. It received awards in the categories: (a) For achieving zero defect supplies (b) Best Gemba Improvement Activity (c) Achieving targets in the category of Quality and (d) Achieving targets in the category of Delivery.
  • Japan Institute of Plant Maintenance (JIPM) has recognised the company with an award for TPM excellence, ‘Category A’.
  • Received Global Safety Excellence Award from JTEKT Corporation, Japan among all JTEKT companies across the globe.
  • Received Zero PPM Award from Toyota Kirloskar Motor Limited.
  • Received the ‘Comprehensive Excellence Award’ from Maruti Suzuki.
  • Garnered the ‘Best Vendor System Audit Award’ from Maruti Suzuki.

Milestones

  • 1985: Technical Collaboration Agreement with Koyo Seiko Co., Japan, for manufacturing
  • 1987: Commencement of Production - Manual Steering Gear - Manual Steering Column
  • 1994: ISO-9002 Certificate by TUV-CERT, Germany
  • 1996: Production of Hydraulic Power Steering Gear
  • 1998: Established plant in Chennai
  • 2003: Established Export Oriented Unit (EOU) in Chennai
  • 2003: 'Deming Award' by JUSE, Japan
  • 2004: Acquired 21% stake in Fuji Autotech France
  • 2006: Started production of column-type Electric Power Steering
  • 2007: Established plant at Dharuhera, Haryana
  • 2007: JTEKT-Sona Automotive India Ltd. (JSAI) 
  • 2007: Sona-Fuji Kiko India Ltd (SFAI)
  • 2008: TPM Excellence Award
  • 2010: US Patent for Torque Sensor for EPAM
  • 2010: Arjan Stampings Ltd. renamed as Sona Stampings Ltd.
  • 2010: US Patent for Electric Power Assist Motor (EPAM)
  • 2011: Production starts at SKSSL Sanand, Gujarat plant
  • 2015-16: Accomplished smooth start of production of C-EPS for Mahindra’s KUV1OO
  • 2016-17: JTEKT, Japan, has now become its principal shareholder. This new development will help further consolidate its position in the Indian market by strengthening its technological know-how and innovation capabilities
  • 2016-17: Sona Koyo and its subsidiaries have now become members of the JTEKT Group
  • 2017-18: Accomplished smooth ‘Start of Production’ (launch) of Jacket Column Assembly for TMKL YAARIS
  • 2017-18: Achieved 100% OTIF delivery for its star customer JSAI
  • 2017-18: The Board of Directors of the Company have, vide resolution dated 9th February, 2018 have approved Scheme of Amalgamation of involving JTEKT SONA Automotive India Limited (Amalgamating Company) and JTEKT India Limited (Amalgamated Company) and their respective shareholders and creditors.
  • 2018-19: JTEKT Corporation’s strong global branding and a strategic merger with a group company in India in FY2019 to achieve business synergies and operational efficiencies.
  • 2019-20: The company closed FY2020 with the completion of Phase-1 of Technical Centre involving setting up of a state of art component testing facility

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.00%
1 Week
-0.07%
1 Month
-8.72%
3 Month
+5.79%
6 Month
-21.11%
1 Year
-34.10%
2 Year
+56.39%
5 Year
-8.23%
10 Year
+481.23%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 19.13 30.22 18.66 16.15 8.88 14.33 13.76 5.91 2.29
Return on Capital Employed (%) 18.19 22.73 18.46 17.51 11.36 17.58 17.63 7.29 3.84
Return on Assets (%) 4.53 7.86 5.43 4.93 3.17 6.23 6.34 3.10 1.35

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 262 309 323 347 383 544 593 596 599 632
Non Curr. Liab. 316 248 291 197 202 198 192 133 129 41
Curr. Liab. 474 448 377 453 336 432 466 237 285 289
Minority Int. 61 79 99 112 16 21 24 26 26 29
Equity & Liab. 1,113 1,084 1,090 1,109 938 1,195 1,275 991 1,039 991
Non Curr. Assets 703 708 731 654 663 663 678 604 552 506
Curr. Assets 410 376 358 455 275 532 598 387 487 484
Misc. Exp. not W/O
Total Assets 1,113 1,084 1,090 1,109 938 1,195 1,275 991 1,039 991

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 1,460 1,492 1,553 1,518 1,211 1,519 1,754 1,511 1,333 1,589
Other Income 9 40 5 16 6 7 12 9 5 10
Total Income 1,469 1,532 1,558 1,534 1,218 1,526 1,766 1,519 1,338 1,599
Total Expenditure -1,295 -1,314 -1,337 -1,324 -1,066 -1,306 -1,532 -1,374 -1,230 -1,461
PBIDT 174 218 221 210 152 220 233 146 108 138
Interest -41 -39 -31 -32 -25 -21 -16 -10 -5 -4
Depreciation -59 -68 -104 -99 -79 -96 -96 -93 -83 -71
Taxation -26 -25 -27 -25 -15 -36 -44 -8 -7 -15
Exceptional Items -7
PAT 48 86 59 54 32 66 78 35 14 41
Minority Interest -10 -18 -20 -17 -3 -5 -6 -5 -2 -4
Share Associate -1 -1 0 8 2
Other Related Items
Consolidated Net Profit 38 68 38 37 37 64 73 30 12 37
Adjusted EPS 2 3 2 2 2 3 3 1 0 2

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 181 99 163 199 131 162 178 184 125 91
Cash Fr. Inv. -139 -96 -42 -81 -79 -64 -122 16 -34 -40
Cash Fr. Finan. -42 -13 -122 -103 -35 -100 -55 -85 -153 -44
Net Change 0 -10 0 15 18 -2 1 115 -61 7
Cash & Cash Eqvt 11 2 2 16 34 3 7 122 61 68

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Public 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 23 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended we are forwarding herewith the Annual Secretarial Compliance Report for the financial year 2021-22. You are requested to kindly take the above information on records. The report will also be available on the Companys website at https://jtekt.co.in.
Mon, 23 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
In continuation to our letter 20th May 2022 and pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are sending herewith the copies of the Audited Financial Results for the year ended 31st March 2022 published in Business Standard (English) all India Editions and Business Standard (Hindi) Delhi Edition on 21st May 2022.We request you to take the same on record.
Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Change in Directorate
Board of Directors of JTEKT INDIA LIMITED in their 181st meeting held on 20th May 2022 have approved the appointment of Mr. Satoshi Komeda as Additional Director in the capacity of Director (Operations) for a period of 3 years effective from 01.06.2022; approved the appointment of Mr. Rajiv Chanana as Additional Director in the capacity of Director & CFO for a period of 3 years effective from 01.06.2022; noted the resignation of Mr. Toshiya Miki from the Board of the Company effective from the close of business hours of 31.05.2022 approved the appointment of Mr. Taku Sumino as Additional Director in the capacity of a Non-Executive Director of the Company effective from 01.06.2022; and tenure of Mr. Sudhir Chopra as Executive Vice Chairman of the Company is expiring on the close of business hours of 31.05. 2022. Subsequent to expiry of his Agreement dated 9th August 2019 from the position of Executive Vice Chairman he will also not hold the position of a Director.

Technical Scans View Details

Tue, 24 May 2022
High Delivery Percentage High Delivery Percentage
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month
High Decrease 6 Months High Decrease 6 Months
High Decrease 1 Year High Decrease 1 Year

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