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JTEKT India Limited (JTEKTINDIA) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹35.9B

JI JTEKT India Limited JTEKTINDIA · BSE
Price₹129.30
Fair Value₹48.19
Upside-62.7%
Quality33/100
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Risks

!Trades 63% ABOVE our fair value of ₹48.19
!Expensive Growth
!Thin margins · 2.6% net margin
!Low debt · negative free cash flow
Expensive Growth
Thin margins · 2.6% net margin
Low debt · negative free cash flow
Narrow moat 26/100
Evidence: Medium Range ₹33.73 – ₹62.64 Share as image

Fair value as of: Aug 21, 2026

From 14 valuation models · updated today

Share price −3.0% over the past month.

Below-average quality, and screening another 63% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹62.64). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹33.73 to ₹62.64) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹214.03 ₹66.34 Fair Value ₹48.19 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹66.34 – ₹214.03 · fair‑value band ₹33.73 – ₹62.64 · the ₹129.30 price screens above the ₹48.19 fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

JTEKT India Limited (JTEKTINDIA) currently trades at ₹129.30, while our model-based Fair Value estimate is ₹48.19, implying the stock looks roughly 62.7% overvalued today. The Quality Score stands at 33/100 (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: medium).

Over the trailing twelve months, JTEKT India Limited generated revenue of ₹28.2B at a net margin of 2.6%. Revenue grew 26.8% year over year. It earns a return on equity of 7.5%. Net debt stands at ₹3.0B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹33.73 (bear case) to ₹62.64 (bull case); at ₹129.30, 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 31% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -63%, JTEKTINDIA 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 ₹34.16 ₹35.57 ₹37.05 76
ROIC Compounder ₹25.95 ₹31.24 ₹35.87 72
Growth-Adj P/E ₹33.73 ₹48.19 ₹62.64 68
All 14 models by family
Earnings-Based
Graham-Dodd ₹18.85 ₹74.97 ₹101.86 54
Lynch FV ₹18.59 ₹26.55 ₹34.52 50
PEG = 1.0 ₹18.59 ₹26.55 ₹34.52 46
EPV ₹25.95 ₹31.24 ₹35.87 59
Multiples
P/E Multiple ₹45.74 ₹60.98 ₹76.23 63
P/S Multiple ₹35.34 ₹47.12 ₹58.90 58
P/B Multiple ₹35.34 ₹47.12 ₹58.90 55
EV/EBIT ₹46.54 ₹63.98 ₹81.43 53
EV/EBITDA ₹61.32 ₹83.70 ₹106.08 54
EV/Revenue ₹29.47 ₹44.60 ₹59.72 43
Asset-Based
NCAV (Graham) ₹21.37 ₹28.64 ₹42.75 50
Economic Profit
Residual Income ₹34.16 ₹35.57 ₹37.05 76
ROIC Compounder ₹25.95 ₹31.24 ₹35.87 72
Growth Earnings
Growth-Adj P/E ₹33.73 ₹48.19 ₹62.64 68

Widest divergence: Growth Earnings (₹48.19) versus Earnings-Based (₹26.55). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹28.2B
Revenue growth (YoY) +26.8%
Net margin 2.6%
Return on equity 7.5%
Free cash flow −₹3.4B FY2026
P/E ratio 49.0
More key figures
Operating margin 1.4%
EPS (TTM) ₹2.64
EPS growth (YoY) -48.8%
Net debt ₹3.0B FY2026

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 39 · Market factors (momentum, volatility) 42

Profitability 49
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 10
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 23
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

JTEKT India Limited manufactures and sells steering systems and auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. The company offers steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment.

Full company description

JTEKT India Limited manufactures and sells steering systems and auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. The company offers steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment. It also offers columns and RPS assemblies, axle assemblies, and other auto ancillaries. The company exports its precision products to the United States, Europe, and Japan. JTEKT India Limited was formerly known as Sona Koyo Steering Systems Limited and changed its name to JTEKT India Limited in April 2018. The company was incorporated in 1984 and is headquartered in Gurugram, India. JTEKT India Limited is a subsidiary of JTEKT Corporation.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JTEKT India Limited reported revenue of ₹26.5B in FY2026 versus ₹15.7B in FY2022, a compound +13.8%/yr. Reported net income was ₹769M in FY2026, compounding +20.1%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹26.5B
Latest YoY
+11.1%
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.
+9.3%
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.
+14.9%
Avg. growth/yr (10Y) 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.
+5.7%
Revenue +13.8%/yr
FY22 ₹15.7B
FY23 ₹20.3B
FY24 ₹22.3B
FY25 ₹23.8B
FY26 ₹26.5B
Net income +20.1%/yr
FY22 ₹369M
FY23 ₹871M
FY24 ₹1.1B
FY25 ₹753M
FY26 ₹769M

JTEKTINDIA screens 63% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "JTEKT India Limited Fair Value". https://www.fairvalue-calculator.com/stock/JTEKTINDIA.BSE

Peer Group

Auto Parts · 647 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 33 · Bottom 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 49.0× · Pricier than 75% of peers
P/B 3.02× · Pricier than median
P/S (TTM) 1.27× · Pricier than median
EV/EBITDA 18.8× · Pricier than 75% of peers

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 21, 2026).

Stock Price Fair Value vs Fair Value
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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 ₹4,126 ₹1,412 -66%
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 JTEKT India Limited (JTEKTINDIA) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹48.19 versus a price of ₹129.30, about −63% (overvalued).
What is the fair value of JTEKTINDIA?
Our model-based fair value for JTEKT India Limited is ₹48.19 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹129.30.
What is the quality score of JTEKTINDIA?
JTEKT India Limited has a Quality Score of 33/100. 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 JTEKT India Limited (JTEKTINDIA)?
JTEKT India Limited reported trailing-twelve-month revenue of about ₹28.2B (latest available figure, as of Aug 21, 2026).
What is the net profit margin of JTEKTINDIA?
The net profit margin of JTEKT India Limited is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.

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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