Manufactures automotive suspension components — primarily leaf springs and parabolic springs, plus slipper suspensions and drop axles — sold mainly to commercial vehicle makers in India. Customers include Tata Motors, Ashok Leyland and Mahindra, and the company recently started exporting to Stellantis. New manufacturing capacity was commissioned at Adityapur and Indore in FY26, taking the plant count to 10 across India, sited near OEM hubs. The aftermarket channel — leaf springs and allied products sold through distributors, retailers and mechanics for vehicle replacement — contributed 8% of revenue in FY26, up from 6%. To grow internationally, the company has approved a 2 million pound acquisition of Owen Springs Limited, a UK maker of leaf and parabolic springs with 350-plus SKUs, about 250 UK distributors and roughly 8% share of the British aftermarket spring market. Raw materials are the largest cost, at 60.6% of revenue in FY26, with employees at 7.5% and other operating expenses at 15.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. OEM supplies to commercial vehicle makers, Aftermarket and allied products (8%), Exports. Auto components supplier to commercial vehicle OEMs, with a growing aftermarket and export business.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,718 | 2,325 | 2,427 | 2,270 | 2,612 |
| EBITDA (ex other income) | 226 | 261 | 327 | 302 | 384 |
| margin % | 13.2 | 11.2 | 13.5 | 13.3 | 14.7 |
| Owners' profit | 141 | 169 | 205 | 180 | 231 |
| EPS, as reported (₹) | 3.53 | 4.23 | 5.15 | 4.52 | 5.79 |
| ROE % · ROCE % | 20.6 · 26.6 | 21.5 · 28.1 | 22.7 · 30.6 | 18.2 · 25.1 | 20.1 · 28.0 |
| Debt / equity (x) | 0.26 | 0.02 | 0.18 | 0.13 | 0.00 |
| Cash from operations | 55 | 344 | 90 | 289 | 510 |
| Capex | (37) | 0 | (163) | (196) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 513 | 562 | 638 | 573 | 531 | 668 | 840 | 611 |
| Profit before tax | 56 | 63 | 72 | 64 | 56 | 83 | 116 | 66 |
| Net profit | 40 | 44 | 50 | 46 | 40 | 58 | 87 | 49 |
| EPS (₹) | 1.00 | 1.10 | 1.27 | 1.15 | 1.00 | 1.46 | 2.19 | 1.21 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Newspaper ad on special window for re-lodging physical share transfers | compliance | minimal | — | — |
| 10 Sept 2026 · Notice of 60th AGM and E-voting Information | compliance | minimal | — | — |
| 7 Sept 2026 · 60th AGM on Sep 29; Final Dividend Record Date Sep 22, 2026 | corporate actions | medium | — | — |
| 6 Sept 2026 · Jamna Auto sets Sep 22 record date for final dividend, AGM on Sep 29 | corporate actions | high | — | — |
| 5 Sept 2026 · Business Responsibility and Sustainability Report for FY2025-26 | compliance | minimal | — | — |
| 5 Sept 2026 · Jamna Auto files 60th AGM Notice and FY26 Annual Report; final dividend Rs 1.50 per share | results | high | — | — |
| 4 Sept 2026 · 60th AGM on Sep 29, 2026; book closure Sep 23-29; record date Sep 22 | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Newspaper publication of 60th AGM notice submitted to exchanges | compliance | minimal | — | — |
| 1 Sept 2026 · Jamna Auto completes £2 million acquisition of UK spring maker | strategic transactions | high | — | — |
| 10 Aug 2026 · Jamna Auto approves Leaf Spring facility via subsidiary; Rs 47 cr investment | capex operations | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.2 | 26.7 | 53 of 123 | 57% |
| P/B | 4.7 | 3.5 | 77 of 116 | 34% |
| ROCE | 26.9 | 12.6 | 12 of 125 | 91% |
| ROE | 20.1 | 11.6 | 18 of 119 | 86% |
| Debt / Equity | 0.0 | 0.3 | 3 of 119 | 83% |
| EBITDA margin | 14.4 | 12.2 | 42 of 118 | 65% |
| Revenue growth | 6.7 | 20.2 | 92 of 113 | 19% |
| Profit growth | 6.1 | 24.4 | 78 of 115 | 33% |
| Market cap | 5438 | 1542 | 38 of 125 | 70% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
