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History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
JTEKT India Limited is an India-based company that is engaged in the business of manufacturing and assembling automotive components. The Company manufactures automotive components such as rack and pinion steering systems, electronic control devices, hydraulic power steering…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced.
Jtekt India is scored on the general / industrial framework. It keeps a thin 2.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.29× reported profit. Free cash flow is worth about -10.3% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at -4%/yr. Book value itself has compounded 21%/yr — the hallmark of a genuine compounder. Return on equity is a modest 11.4%. In the latest quarter profit fell 77% versus the prior quarter.
At 42× earnings, the stock sits at the 32nd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~18%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 39.77 | 38.56 | worse |
| P/B | 3.64 | 4.21 | better |
| EV/EBITDA | 20.8 | 18 | worse |
| ROE | 11.38 | 13.33 | worse |
| ROCE | 15.34 | 11.96 | better |
| ROA | 7.67 | 5.52 | better |
| Quick Ratio | 1.21 | 3.56 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Samvardhana Motherson Intl | 34.3 | 3.6 | 10.4% |
| Bosch | 63.4 | 10.1 | 15.8% |
| Uno Minda | 54.4 | 10.3 | 17.7% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly.
Revenue is outpacing profit (9% vs -4%) — costs are rising faster than the top line.
Operating margin has compressed from 6% to 4% — costs or competition are eating into profitability.
ROE at 6% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 5pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -4% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 8% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 13% above earlier ones.
Profit fell 77% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.