Shares of this EV company, which is in the business of automotive business manufactures and sells sheet metal components, tools, dies & moulds, and buses in focus following the record date announcement for 2:1 share split.
Price Variation
In Wednesday’s session, JBM Auto’s share price jumped 0.49 percent to a day’s high of Rs.1,500 per share from the previous close of Rs.1,492.55 apiece. The stock reiterated from the day’s high and was trading at Rs. 1,478.75 which is 0.92 percent lower than the previous closing price. It has delivered negative returns of around 23.50 percent in the past year and has underperformed the Nifty Index.
What happened
The Board of Directors of JBM Auto Ltd has announced a record date on Friday, 31st January 2025. The stock will be split in the ratio of 2:1 which means the face value of Rs. 2 per equity share of the stock will be split to Rs. 1 for every equity share.
Financial Performance
Looking at the company’s financials, JBM Auto reported a revenue from operation of Rs.1,286 crore for Q2FY25, marking a 4.46 percent increase from Rs.1,231 crore in Q2FY24. However, the Profit After Tax (PAT) was Rs.53 crore in Q2FY25, which saw an increase from a profit of Rs.49 crore in the previous year.
The return on equity was 17.63 percent and the return on capital employed stood at 14.53 percent in FY24. The net profit margin stood at 3.87 percent and their debt-to-equity ratio stood at 1.74 as of FY24.
Shareholding Pattern
As of September 2024, The company’s promoters were holding around 67.53 percent, Foreign Institutional Investors (FII) were holding around 3.26 percent, Domestic Institutional Investors (DII) were holding around 0.07 percent and the public were holding around 29.14 percent.
Company Profile
JBM Auto Ltd is part of the JBM Group which specializes in automotive components and systems, with a focus on manufacturing tools, dies, and sheet metal components. The company was established in 1990 and operates through three segments which include the Sheet Metal Division, the Tool Room Division, and the Special Purpose Vehicle (SPV) Division. The company focuses on innovation and sustainability produces electric buses and engages in the growing e-mobility sector. With over 35 manufacturing plants across 18 locations globally, JBM Auto aims to deliver high-quality products while improving operational efficiency and expanding its market presence in the automotive industry.
Written by – Santhosh S
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