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JBM Auto Limited (JBMA) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹168B

JA JBM Auto Limited JBMA · NSE
Price₹673.95
Fair Value₹203.52
Upside-69.8%
Quality35/100
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Risks

!Trades 70% ABOVE our fair value of ₹203.52
!Expensive Growth
!Thin margins · 3.6% net margin
!Moderate debt · negative free cash flow
Expensive Growth
Thin margins · 3.6% net margin
Moderate debt · negative free cash flow
0.12% dividend yield
Trails peers (4/13)
Narrow moat 43/100
Evidence: High Range ₹145.66 – ₹254.40 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 8 days ago

Share price +0.1% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (₹254.40). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,168 ₹74.56 Fair Value ₹203.52 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 ₹74.56 – ₹1,168 · fair‑value band ₹145.66 – ₹254.40 · the ₹673.95 price screens above the ₹203.52 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

JBM Auto Limited (JBMA) currently trades at ₹673.95, while our model-based Fair Value estimate is ₹203.52, implying the stock looks roughly 69.8% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, JBM Auto Limited generated revenue of ₹60.9B at a net margin of 3.6%. Revenue grew 12.3% year over year. It earns a return on equity of 16.0%. Net debt stands at ₹29.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹145.66 (bear case) to ₹254.40 (bull case); at ₹673.95, the current price sits above 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 15% below its 52-week high and 41% 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 -70%, JBMA screens richer 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
Residual Income ₹63.74 ₹84.56 ₹261.03 76
ROIC Compounder ₹195.00 ₹303.64 ₹437.73 72
Gordon GGM ₹8.37 ₹17.41 ₹27.62 70
All 17 models by family
DCF Models
Owner Earnings ₹25.00 ₹97.86 ₹248.49 31
Earnings-Based
Graham-Dodd ₹62.91 ₹426.22 ₹597.40 54
Lynch FV ₹125.05 ₹178.64 ₹232.23 50
PEG = 1.0 ₹125.05 ₹178.64 ₹232.23 46
EPV ₹150.64 ₹181.44 ₹208.39 59
Dividend Discount
Gordon GGM ₹8.37 ₹17.41 ₹27.62 70
DDM Multi-Stage ₹8.37 ₹14.68 ₹18.27 61
Multiples
P/E Multiple ₹152.64 ₹203.52 ₹254.40 63
P/S Multiple ₹117.95 ₹157.27 ₹196.58 58
P/B Multiple ₹117.95 ₹157.27 ₹196.58 55
EV/EBIT ₹269.01 ₹370.05 ₹471.09 53
EV/EBITDA ₹234.13 ₹323.55 ₹412.97 54
EV/Revenue ₹170.21 ₹257.78 ₹345.35 43
Asset-Based
NCAV (Graham) ₹32.52 ₹43.58 ₹65.04 50
Economic Profit
Residual Income ₹63.74 ₹84.56 ₹261.03 76
ROIC Compounder ₹195.00 ₹303.64 ₹437.73 72
Growth Earnings
Growth-Adj P/E ₹176.53 ₹252.18 ₹327.84 68

Widest divergence: Growth Earnings (₹252.18) versus Dividend Discount (₹14.68). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹60.9B
Revenue growth (YoY) +12.3%
Net margin 3.6%
Return on equity 16.0%
Free cash flow −₹6.1B FY2026
P/E ratio 72.6
More key figures
Operating margin 10.4%
EPS (TTM) ₹9.28
Dividend yield 0.1%
EPS growth (YoY) -17.1%
Net debt ₹29.0B FY2026

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 33 · Market factors (momentum, volatility) 58

Profitability 40
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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

JBM Auto Limited engages in the manufacture and sale sheet metal components, tools, dies and moulds, and buses in India and internationally. It operates through three segments: Sheet Metal Components, Assemblies & Sub-assemblies (Component Division); Tool, Dies & Moulds (Tool Room Division); and OEM Division.

Full company description

JBM Auto Limited engages in the manufacture and sale sheet metal components, tools, dies and moulds, and buses in India and internationally. It operates through three segments: Sheet Metal Components, Assemblies & Sub-assemblies (Component Division); Tool, Dies & Moulds (Tool Room Division); and OEM Division. The company offers auto components and systems, such as BIW, chassis and suspension systems, pedal boxes, tubular products, safety-critical components, and various auto assemblies for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and farm and construction equipment. It also provides low emission and electric buses; lithium ion batteries solutions for HV- LV battery operated vehicle, energy storage systems, and solar; and operates electric vehicles charging infrastructure. In addition, it is involved in the provision of utility scale solar power projects, battery energy storage, and power infrastructure solutions; and environment management, as well as spare parts, accessories, and maintenance contracts. It serves original equipment manufacturers in the passenger vehicles, commercial vehicles, farm equipment, and auto component manufacturers, etc., as well as state transport undertakings, aviation sector, ground handling companies, multiple aggregator and operator, defense sector, and Fortune 500 Companies. JBM Auto Limited was incorporated in 1996 and is headquartered in Gurugram, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JBM Auto Limited reported revenue of ₹60.9B in FY2026 versus ₹31.9B in FY2022, a compound +17.5%/yr. Reported net income was ₹2.2B in FY2026, compounding +8.8%/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)
₹60.9B
Latest YoY
+11.2%
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.
+16.4%
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.
+25.2%
Avg. growth/yr (25Y) 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.
+20.1%
Revenue +17.5%/yr
FY22 ₹31.9B
FY23 ₹38.6B
FY24 ₹50.1B
FY25 ₹54.8B
FY26 ₹60.9B
Net income +8.8%/yr
FY22 ₹1.6B
FY23 ₹1.2B
FY24 ₹1.8B
FY25 ₹2.0B
FY26 ₹2.2B
Character of growth · EPS growth decomposed (2015-2026) +6.6 % p.a.
Revenue per share +8.5 pp

of which total revenue +15.4 pp · buybacks/dilution −6.9 pp

EBIT margin −2.1 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −0.6 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).

JBMA screens 70% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "JBM Auto Limited Fair Value". https://www.fairvalue-calculator.com/stock/JBMA

Peer Group

Auto Parts · 642 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 35 · Bottom 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.61× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 72.6× · Pricier than 75% of peers
P/B 10.95× · Pricier than 75% of peers
P/S (TTM) 2.77× · Pricier than 75% of peers
EV/EBITDA 25.0× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE62 · sector 24
PAST64 · sector 28
HEALTH70 · sector 95
DIVIDEND3 · sector 31

VALUE 0: the price sits above our fair-value range.

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

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 ₹169.58 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 -76%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,018 ₹1,412 -65%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
Endurance Technologies Limited ENDURANCE ₹2,987 ₹1,384 -54%

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Frequently asked questions

Is JBM Auto Limited (JBMA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹203.52 versus a price of ₹673.95, about −70% (overvalued).
What is the fair value of JBMA?
Our model-based fair value for JBM Auto Limited is ₹203.52 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹673.95.
What is the quality score of JBMA?
JBM Auto Limited has a Quality Score of 35/100. 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 JBM Auto Limited (JBMA)?
JBM Auto Limited reported trailing-twelve-month revenue of about ₹60.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JBMA?
The net profit margin of JBM Auto Limited is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does JBM Auto Limited pay a dividend?
JBM Auto Limited currently shows a dividend yield of about 0.12% 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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