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NSE:JTEKTINDIA

JTEKT INDIA LIMITED

Automobile and Auto Components › Auto Components
₹111.23
at close · 28 Oct 2026
▲ 0.12 (+0.11%)

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. JTEKT India approves 0.8 million unit CVJ capacity expansion · Capex & Operations
  2. Newspaper publication about special window for physical share re-lodgement · Compliance
  3. Compliance Certificate for Share Dematerialization Filed for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures automotive steering and driveline components — primarily MS Gear systems, Column Power Steering (CPS) and Constant Velocity Joints (CVJ) — for passenger vehicle OEMs in India. Maruti Suzuki is the dominant customer at 60% of revenue; new product starts on Maruti's e Vitara and Victoris contributed Rs 173-174 crore in their maiden year, while sales to Honda declined. The CVJ product line is the stated growth vector, scaling from Rs 130 crore in FY26 toward Rs 250 crore when its second production line reaches full utilisation by October 2026. Exports to Brazil for Stellantis commenced in May 2026 with a long-term potential of 5 lakh units per annum. The business runs 7 manufacturing plants in India and is building a new Gujarat facility with Rs 250 crore of total capex committed (Rs 112 crore already spent); FY26 capex overall was Rs 444.1 crore. FY26 revenue was Rs 2,665.6 crore, up 11% year-on-year and ahead of the 9% passenger vehicle market, with EBITDA margin at 7.5% and materials accounting for 72.2% of revenue as the dominant cost.

Operating scale
Manufacturing plants in India
7 plantsFY26
Permanent staff
1,080FY26
Workers
2,586FY26
CVJ line capacity utilisation
65% (target 90%)FY26
Brazil export potential
5 lakh units per annumlong-term
Gujarat plant capex
Rs 250 crore committed; Rs 112 crore spentFY26
Who pays it
Passenger vehicle OEMs — Maruti Suzuki 60% of revenue, Honda 5%, plus Renault Nissan and Stellantis (Brazil exports).
Biggest cost
Materials at 72.2% of revenue (steel and component inputs); power tariffs and US reciprocal tariffs also cited as pressures.
Kind of business
Auto component supplier to passenger vehicle OEMs, tied to the Indian PV demand cycle and concentrated on a single key customer.
Where it sits
Subsidiary of Japan's JTEKT Corporation (66.02% holding); Maruti Suzuki holds 5.43%. Supplies 100% of Maruti's electric-vehicle steering systems (MS Gear, CPS, CVJ).
Market Cap
₹3,085 Cr
P / E (TTM)
32.4×
EV / EBITDA
15.5×
Div Yield
0.46%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.4%·
ROCE (5y median)
ROE 6.2% (5y median) · margin 9.4%
Leverage
0.08·
Debt / Equity · low
Net debt ₹15 Cr
Revenue FY19→FY23
1.2×▲
Margin −0.2 pts
₹1,754 Cr → ₹2,044 Cr
Cash conversion
2.07×▲
Operating cash ÷ profit · 3 yrs
₹294 Cr on ₹142 Cr
Moves on a normal day
1.29%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#72/119
P/B#73/117
ROCE#85/125
ROE#85/117
Debt / Equity#35/117
EBITDA margin#72/118
Revenue growth#101/113
Profit growth#83/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY23 — not investment advice

Strengths
Debt at 0.08× equity
lower than 71% of its 117 Auto Components & Equipments peers
Over 3 years it reported ₹142 Cr of profit and ₹294 Cr of operating cash — 2.07×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

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JTEKTINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from JTEKT INDIA LIMITED's filed financials and exchange disclosures

What does JTEKT INDIA LIMITED do?

JTEKT INDIA LIMITED is a Auto Components company listed on NSE and BSE, trading under the symbol JTEKTINDIA.

Is JTEKT INDIA LIMITED profitable?

Yes. Over the trailing twelve months JTEKT INDIA LIMITED reported a net profit of ₹90 Cr on revenue of ₹2,063 Cr.

Does JTEKT INDIA LIMITED pay a dividend?

Yes. The dividend yield is 0.46% at the current price. It paid out 16% of its profit as dividend in FY23.

Is JTEKT INDIA LIMITED debt-free?

No. It reported borrowings of ₹64 Cr on its 30 Sept 2023 balance sheet, or net debt of ₹15 Cr after cash. Debt stands at 0.08× equity. That is lower than 71% of its 117 Auto Components & Equipments peers.

Is JTEKT INDIA LIMITED expensive compared with its peers?

On trailing P/E, JTEKT INDIA LIMITED ranks 72 of 119 in Auto Components & Equipments — cheaper than 40% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the JTEKT INDIA LIMITED share price move in a day?

On a typical session JTEKT INDIA LIMITED moves 1.29% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

When are JTEKT INDIA LIMITED's next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track JTEKT INDIA LIMITED's announcements?

Every NSE and BSE filing by JTEKT INDIA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.