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Jay Bharat Maruti Limited (JAYBARMARU) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹18.5B

JB Jay Bharat Maruti Limited JAYBARMARU · NSE
Price₹127.86
Fair Value₹157.53
Upside+23.2%
Quality55/100
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Expensive Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
0.41% dividend yield
Ranks above peers (11/14)
Moderate moat 50/100
Evidence: High Range ₹87.74 – ₹339.29 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 3 days ago

Share price −32.4% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • The model range is unusually wide (₹87.74 to ₹339.29). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹199.18 ₹42.51 Fair Value ₹157.53 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹42.51 – ₹199.18 · fair‑value band ₹87.74 – ₹339.29 · the ₹127.86 price screens below the ₹157.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Jay Bharat Maruti Limited (JAYBARMARU) currently trades at ₹127.86, while our model-based Fair Value estimate is ₹157.53, implying the stock looks roughly 23.2% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Jay Bharat Maruti Limited generated revenue of ₹25.5B at a net margin of 5.5%. Revenue grew 25.4% year over year. It earns a return on equity of 22.2%. Net debt stands at ₹5.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹87.74 (bear case) to ₹339.29 (bull case); at ₹127.86, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 23%, JAYBARMARU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹3.08 80
Residual Income ₹86.70 ₹122.00 ₹635.84 76
ROIC Compounder ₹136.20 ₹183.03 ₹240.26 72
All 25 models by family
DCF Models
FCF DCF ₹6.25 38
Owner Earnings ₹67.17 ₹124.19 ₹214.25 31
5Y Revenue Exit ₹79.27 ₹171.89 ₹295.18 39
5Y EBITDA Exit ₹118.16 ₹246.52 ₹401.89 41
5Y P/E Exit ₹105.10 ₹221.46 ₹348.13 38
10Y Revenue Exit ₹41.37 ₹118.39 ₹230.67 36
10Y EBITDA Exit ₹71.37 ₹170.94 ₹314.10 37
10Y P/E Exit ₹62.96 ₹153.30 ₹272.07 35
Earnings-Based
Graham-Dodd ₹87.74 ₹307.58 ₹413.65 54
Lynch FV ₹71.71 ₹102.45 ₹133.18 50
PEG = 1.0 ₹71.71 ₹102.45 ₹133.18 46
EPV ₹123.80 ₹148.60 ₹170.30 59
Dividend Discount
Gordon GGM ₹6.43 ₹13.36 ₹21.20 70
DDM Multi-Stage ₹6.43 ₹11.24 ₹14.03 61
Multiples
P/E Multiple ₹212.90 ₹283.86 ₹354.83 63
P/S Multiple ₹164.51 ₹219.35 ₹274.19 58
P/B Multiple ₹164.51 ₹219.35 ₹274.19 55
EV/EBIT ₹209.35 ₹287.47 ₹365.58 53
EV/EBITDA ₹209.98 ₹288.30 ₹366.62 54
EV/Revenue ₹132.98 ₹200.67 ₹268.37 43
Asset-Based
NCAV (Graham) ₹32.15 ₹43.09 ₹64.31 50
Growth DCF
Growth DCF ₹3.08 80
Economic Profit
Residual Income ₹86.70 ₹122.00 ₹635.84 76
ROIC Compounder ₹136.20 ₹183.03 ₹240.26 72
Growth Earnings
Growth-Adj P/E ₹182.70 ₹260.99 ₹339.29 68

Widest divergence: Growth Earnings (₹260.99) versus Dividend Discount (₹11.24). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹25.5B
Revenue growth (YoY) +25.4%
Net margin 5.5%
Return on equity 22.2%
Free cash flow ₹111M FY2026
P/E ratio 9.9
More key figures
Operating margin 8.6%
EPS (TTM) ₹12.90
Dividend yield 0.4%
EPS growth (YoY) +287%
Net debt ₹5.3B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 72

Profitability 58
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Jay Bharat Maruti Limited manufactures and sells auto components and assembly systems in India. The company offers sheet metal components and assemblies, welded and muffler assemblies, tools and dies, exhaust systems, fuel pipe fillers, axles, chassis and suspension systems, and tubular components.

Full company description

Jay Bharat Maruti Limited manufactures and sells auto components and assembly systems in India. The company offers sheet metal components and assemblies, welded and muffler assemblies, tools and dies, exhaust systems, fuel pipe fillers, axles, chassis and suspension systems, and tubular components. It also offers fuel neck, and tools and dies for motor vehicles; and components and spare parts. In addition, the company provides body-in-white parts, as well as offers stamping and welding of auto components services. Jay Bharat Maruti Limited was founded in 1983 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jay Bharat Maruti Limited reported revenue of ₹25.5B in FY2026 versus ₹20.8B in FY2022, a compound +5.3%/yr. Reported net income was ₹1.4B in FY2026, compounding +49.3%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹25.5B
Latest YoY
+11.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.7%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Revenue +5.3%/yr
FY22 ₹20.8B
FY23 ₹23.4B
FY24 ₹22.9B
FY25 ₹22.9B
FY26 ₹25.5B
Net income +49.3%/yr
FY22 ₹281M
FY23 ₹379M
FY24 ₹322M
FY25 ₹329M
FY26 ₹1.4B
Character of growth · EPS growth decomposed (2015-2026) +4.8 % p.a.
Revenue per share +6.3 pp

of which total revenue +6.3 pp · buybacks/dilution +0.0 pp

EBIT margin +7.4 pp
Tax rate +1.8 pp
Residual (interest, one-offs) −10.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Jay Bharat Maruti Limited Fair Value". https://www.fairvalue-calculator.com/stock/JAYBARMARU

Peer Group

Auto Parts · 641 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +23% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.40× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 2.65× · Pricier than median
P/S (TTM) 0.72× · Cheaper than median
P/FCF 1.7× · Cheaper than median
EV/EBITDA 7.5× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 64 · sector 16
FUTURE 100 · sector 24
PAST 89 · sector 26
HEALTH 80 · sector 95
DIVIDEND 8 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 511,000 KRW 643,909 KRW +26%
Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.50 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹46,750 ₹13,061 -72%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Sona BLW Precision Forgings Limited SONACOMS ₹799.90 ₹207.06 -74%
Balkrishna Industries Limited BALKRISIND ₹2,497 ₹1,211 -51%

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Frequently asked questions

Is Jay Bharat Maruti Limited (JAYBARMARU) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹157.53 versus a price of ₹127.86, about +23% (undervalued).
What is the fair value of JAYBARMARU?
Our model-based fair value for Jay Bharat Maruti Limited is ₹157.53 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹127.86.
What is the quality score of JAYBARMARU?
Jay Bharat Maruti Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Jay Bharat Maruti Limited (JAYBARMARU)?
Jay Bharat Maruti Limited reported trailing-twelve-month revenue of about ₹25.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JAYBARMARU?
The net profit margin of Jay Bharat Maruti Limited is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Jay Bharat Maruti Limited pay a dividend?
Jay Bharat Maruti Limited currently shows a dividend yield of about 0.41% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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