JBM Auto Share Price

Established in 1983, JBM Auto Ltd has become an important force in the automotive industry, specialising in the manufacturing and sale of sheet metal components, tools, moulds and buses. The company has diversified into different business segments like auto components and systems, buses, electric vehicles (EVs), EV aggregates, EV charging infrastructure and renewables.

The company also offers environment management services under its subsidiary JBM Environment Management Private Limited. This vertical of the company offers waste management services and sustainability solutions in different cities across India.

JBM Auto is a part of the $2.6 billion global conglomerate JBM Group. The group is a leading multinational in the automotive and EV industry globally with operations spread across 25 locations in 10 countries.

JBM Auto, integrating its business in the value chain, now manufactures its own buses and is pioneering the EV ecosystem.

JBM Auto Limited’s market capitalisation stood at over ₹21,300 crore as of January 23, 2024. JBM Auto share price has gained over 1,100% in the last three years.

Business operations

In the auto components and systems segment, JBM Auto is a leading player. The company manufactures and sells a wide range of automotive parts. This segment contributed around 70% of the company’s total revenue.

The bus and electric vehicle segment reflect the company’s commitment to sustainable mobility, with significant investments in electric bus product development and R&D. Notable deliverables include electric energy buses to AJL Gujarat, NMMT Navi Mumbai and BMTC Bangalore.

The EV aggregates division supports the focus on electric vehicles by providing the necessary components to increase productivity and efficiency. In addition, JBM Auto has expanded into the EV charging infrastructure sector, in line with the growing demand for electric vehicle charging solutions.

In the renewable energy segment, the company emphasises environmentally friendly practices and renewable energy solutions, while the environmental stewardship segment is firmly committed to clean up the environment through 17 manufacturing plants in Haryana, Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Rajasthan and Tamil Nadu.

JBM Auto has a strong customer base, which includes industry leaders such as Ashok Leyland, Daimler, Nissan, Renault, Ford, Toyota, Volvo, Volkswagen, Tata, Honda, Escorts, Mahindra, Honda and Force.

The company has diversified into the renewable energy sector through its subsidiary JBM Solar Power Pvt. Ltd. The company offers end-to-end project execution including design engineering, technology management, global partnerships, supply chain management, land management, project financing and customer support for renewable energy players. The company is one of the leading firms in deploying mono-crystalline PV Technology at utility scale and for rooftop solar projects. JBM Solar Power has deployed over 20 solar power projects across India.

Financial highlights

– The company posted revenue from operations of ₹3,858 crore in FY23 as against its value of ₹3,193 crore in FY22. – It reported EBITDA of ₹425 crore in FY23 as against ₹364 crore in FY22. – For FY23, JBM Auto posted a net profit of ₹125 crore compared to a net profit of ₹156.4 crore in the previous year. – The earnings per share for the year stood at ₹10.58 for FY23 as against ₹13.23 in FY22.