Rs 33 to Rs 117: This suspension manufacturing company soared 250% in the last 2 years!

Rs 33 to Rs 117: This suspension manufacturing company soared 250% in the last 2 years!

by 5paisa Research Team Last Updated: 2022-06-29T13:26:07+05:30

Today, the company’s shares logged a fresh 52-week high of Rs 126.20 on BSE.

Jamna Auto Industries Limited, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s shares have appreciated by 250%, going from Rs 33.60 on 29 June 2020 to Rs 117.75 on 28 June 2022.

Today, the company’s shares logged a fresh 52-week high of Rs 126.20 on BSE.

Jamna Auto Industries manufactures suspension for Commercial Vehicles. The company’s product portfolio comprises a full range of suspension solutions that cater to the commercial vehicle industry in India. It has eight strategically located manufacturing facilities at Yamuna Nagar, Malanpur, Jamshedpur, Pune, Chennai, Pilliapakkam, Hosure and Pant Nagar (under subsidiary company).

At present, the company is the largest automotive suspension spring manufacturer in India and among the top three in the World. It intends to become a global leader in Automobile Suspension Solutions.

The company has entered into a Technology Transfer and Technical Assistance Agreement with Tinsley Bridge Limited, UK for the transfer of TBL Extralite Spring Technology and Special Steel Technology to the company.

During the last 8 quarters, Jamna Auto’s consolidated topline has grown by 164%, going from Rs 237 crore in Q4FY20 to Rs 626 crore in Q4FY22. Similarly, the operating profits grew 210% (from Rs 28 crore to Rs 87 crore), and the bottom line grew over 400% (from Rs 11 crore to Rs 57 crore) during the two years.

The company is currently trading at a TTM PE of 33.34x, against the industry PE of 39.94x. In FY22, the company delivered an ROE & ROCE of 20.56% and 28.40%, respectively.

At 1.11 pm, the shares of Jamna Auto Industries Ltd were trading at Rs 121.55, an increase of 3.23% from the previous day’s closing price of Rs 117.75 on BSE. The stock has a 52-week high & low of Rs 126.20 and Rs 78.20, respectively on BSE.


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