Multibagger alert: This auto company has delivered 128.25% returns in just one year!

Multibagger alert: This auto company has delivered 128.25% returns in just one year!

by 5paisa Research Team Last Updated: 2022-06-23T17:41:02+05:30

From 177.72 to Rs 404, this company has emerged as a multi-bagger!

JBM Auto, an S&P BSE SmallCap company, has delivered multibagger returns to its investors in the last 1 year. During this period, the company’s share price has steadily appreciated from Rs 177.72 on 23 June 2021 to Rs 404 on 23 June 2022, an increase of 128.25% in just one year.

JBM Auto is the flagship company of JBM Group. The company has expanded into bus manufacturing with an aim to become a globally recognised producer of modern intra-city buses. The bus division of JBM Auto has been a forerunner in bringing products that have been significantly ahead of the prevailing practices and solutions. JBM Group is a global Indian conglomerate with over many decades of brilliance in driving product innovation & value across automotive, buses & electric vehicles, renewable energy, engineering & design services, and railways sectors. JBM Group has widened its horizons by focusing on a quality-delivery, solutions approach, product development processes, flexible manufacturing systems, and contract manufacturing.

For the quarter ended 31 March 2022, on a consolidated basis, the company has reported sales of Rs 1072.29 crore as compared to a revenue of Rs 744.88 crore for the previous year, witnessing a gain of 43.95%. The net profit of the company increased by 178.44% to Rs 93.39 crore for the current year compared to Rs 33.54 crore for the quarter ended March 31, 2022.

The company is currently trading at a TTM PE of 3.016x, as against the industry PE of 37.23x. In FY22, the company delivered an ROE & ROCE of 18.56% and 19.84%, respectively.

The company has a 52-week high of Rs 675.98 and a 52-week low of Rs 164.


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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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