JTEKT India Ltd.
Snapshot View

109.50 -2.25 ▼-2.0%

23 July 2021, 04:00:00 P.M.
Volume: 26,457

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.jtekt.co.in
Financial Indicators
Market Cap 2,689.29 Cr.
Earnings per share (EPS) 0.48 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 229.34 Trailing Twelve Months Ending 2021-03
Industry PE 91.09 Trailing Twelve Months Ending 2021-03
Book Value / Share 24.48 Trailing Twelve Months Ending 2021-03
Price to Book Value 4.49 Calculated using Price: 110.00
Dividend Yield 0.14 Period Ending 2020-03
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
-2.01%
1 Week
-3.69%
1 Month
+2.91%
3 Month
+36.45%
6 Month
+20.53%
1 Year
+63.80%
2 Year
+31.85%
5 Year
+130.04%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 27.07 19.13 30.22 18.66 16.15 8.88 14.33 13.76 5.91
Return on Capital Employed (%) 23.03 18.19 22.73 18.46 17.51 11.36 17.58 17.63 7.29
Return on Assets (%) 6.36 4.53 7.86 5.43 4.93 3.17 6.23 6.34 3.10

Balance Sheet View Details

Particulars 9 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.
Shh. Funds 239 262 309 323 347 383 544 593 596
Non Curr. Liab. 320 316 248 291 197 202 198 192 133
Curr. Liab. 395 474 448 377 453 336 432 466 237
Minority Int. 51 61 79 99 112 16 21 24 26
Equity & Liab. 1,005 1,113 1,084 1,090 1,109 938 1,195 1,275 991
Non Curr. Assets 661 703 708 731 654 663 663 678 604
Curr. Assets 344 410 376 358 455 275 532 598 387
Misc. Exp. not W/O
Total Assets 1,005 1,113 1,084 1,090 1,109 938 1,195 1,275 991

Profit Loss View Details

Particulars 9 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.
Net Sales 1,421 1,460 1,492 1,553 1,518 1,211 1,519 1,754 1,511
Other Income 3 9 40 5 16 6 7 12 9
Total Income 1,424 1,469 1,532 1,558 1,534 1,218 1,526 1,766 1,519
Total Expenditure -1,247 -1,295 -1,314 -1,337 -1,324 -1,066 -1,306 -1,532 -1,374
PBIDT 178 174 218 221 210 152 220 233 146
Interest -46 -41 -39 -31 -32 -25 -21 -16 -10
Depreciation -46 -59 -68 -104 -99 -79 -96 -96 -93
Taxation -26 -26 -25 -27 -25 -15 -36 -44 -8
Exceptional Items
PAT 60 48 86 59 54 32 66 78 35

Cash Flow View Details

Particulars 9 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.
Cash Fr. Operatn. 181 99 163 199 131 162 178 184 124
Cash Fr. Inv. -139 -96 -42 -81 -79 -64 -122 16 -34
Cash Fr. Finan. -42 -13 -122 -103 -35 -100 -55 -85 -152
Net Change 0 -10 0 15 18 -2 1 115 -61
Cash & Cash Eqvt 11 2 2 16 34 3 7 122 61

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
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, 19 Jul 2021
Increase In Volume
This refers to your Letter No. L/SURV/ONL/PV/NP/2021-2022 dated 16th July 2021.
In this regard we wish to inform you that there is no information and/or announcement (including impending announcement) which in our opinion may have a bearing on the Price/Volume behaviour of the Companys Scrip as traded across exchanges and which is required to be informed to stock exchanges in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Further please note that the Companys management is in no way connected with any increase in Price/Volume of the Companys Scrip. Therefore whatever the increase in Price/Volume of the Companys Scrip is purely due to market conditions and absolutely market driven.

Further kindly note that the Company has been regularly disseminating unpublished price sensitive information from time to time in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Fri, 16 Jul 2021
Clarification sought from Jtekt India Ltd
The Exchange has sought clarification from Jtekt India Ltd on July 16 2021 with reference to Movement in Volume.

The reply is awaited.
Wed, 07 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 we are enclosing herewith certificate issued by KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Registrar and Share Transfer Agent of the Company confirming the compliance of Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018.

Request you to take the above on your records.

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 220,222.41 7,290.20 -0.1%
Bajaj Auto Ltd. 111,312.26 3,846.75 -0.2%
Tata Motors Ltd. 98,164.90 295.65 -2.3%
Mahindra & Mahindra Ltd. 95,010.99 764.25 +0.8%
Motherson Sumi Systems Ltd. 74,432.51 235.70 -0.6%
Eicher Motors Ltd. 69,811.10 2,553.55 -0.2%
Hero MotoCorp Ltd. 56,666.41 2,836.30 -0.1%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 50.17 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-06 19.77 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 0.00 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 52.42 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2021-03 71.63 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2021-03 51.83 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 19.42 2,836.30 -0.1%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4.19 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-06 3.93 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 1.78 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 2.30 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2021-03 6.37 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2021-03 6.10 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 3.68 2,836.30 -0.1%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 0.00 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 2.46 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1.13 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 0.01 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,836.30 -0.1%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 11.52 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -22.17 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 11.98 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 19.13 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,836.30 -0.1%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 14.71 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 24.16 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -1.27 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 6.52 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 12.08 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 24.36 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 25.96 2,836.30 -0.1%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 75,660.00 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 63,536.80 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 9,153.58 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,836.30 -0.1%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 5,559.20 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1,237.00 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 1,795.73 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,836.30 -0.1%