Jamna Auto manufactures best quality suspension solutions for huge variety of commercial vehicles. Jamna Auto is popular brand in automotive sector fulfilling requirements of all OEMs Replacement market and Export Market. The production capacity for springs is 3,00,000 MT.
India’s aftermarket and exports is main area of focus for us and the company makes lot of investment in time & resources in aftermarket operations. The results were amazing, with our aftermarket operations increasing at 10% in FY-24. The company attained revenue of 21% contribution from new markets. The company has allocated full energy at its Yamunanagar Plant for production of aftermarket parts, this will increase our distribution in aftermarket. The strong network of retailers, distributors, dealers, and mechanics are very important to develop distribution channel. The company has strong supply chain to encourage this centralized manufacturing. An effective distribution channel encourages companies to reach huge network of customers and encourages to develop requirements. In FY-24, the company consistently works with its partners to develop strong supply chain and develop requirements.
To scale our distribution channel, the company is also working to raise their partners from current level of 14000+ retailers, 300+ distributors, and 16000+ mechanics. In exports the company is raising its customer base to encourage diversification in revenue. The Yamunanagar plant is developed for aftermarket products, the Hosur plant fulfills the requirement of export. The products of company are exported to 17 countries at global level and turnover of export in FY-24 reached at Rs 40 crores. In FY-24, the company began exporting springs to UD trucks and discussions with other outside OEMs are in modern stage for building product. The company has integrated big distributors in Europe to distribute springs and parts.
Moving ahead, by integrating modern technology in vehicles, the market is slowly shifting towards products based on technology. As a technology based company, the company has strong benefit compared to its competitors. The technology inetgrated product delivered by company is Parabolic spring. OEMs are transforming at quicker rate conventional leaf springs to parabolic springs in aftermarket, which has resulted the rising needs of parabolic springs. The Hybrid Springs and BS VI springs have unique benefit in the market. The products such lift axles, air suspension, and allied products has observed huge penetration in the market.The company is using our current aftermarket channel for supplying and sale of allied products. The company has received order from Ashok Leyland to distribute slipper suspension for their trucks as per requirements and designs shared by them. The Ashok Leyland has given order to Jaman Auto for drop axles to lift axles from Ashok Leyland. The company has received business for production of stabiliser barn for OEM customers such as Volvo, Daimler, Mahindra & Mahindra.
The company is focusing on product diversification and going ahead towards suspension products by integrating new products. The product portfolio includes parabolic springs, lift axles, lift suspensions, suspension allied products, leaf springs, Z springs, trailer suspension, springs allied products, agriculture products, machine products, agriculture implements, and other parts which are highly used such as water pumps, clutches, bearings, brake linings, universal joints cross, jack roads. The share of revenue from these new products is consistently rising. In FY 23-24, the company attained 47% of revenue from newly developed products. The company is consistently increasing its supply of huge value-added parabolic springs to OEMs and the aftermarket. The company has done proper planning to expand parabolic spring capacity is on proper track, the operations are ongoing in Jai Suspenions Limited at Adityapur in Jharkhand is on modern stages and growth in company’s chennai unit is also completed. The company has goal to set up parabolic spring manufacturing unit in Indore.
The OEMs customers of company such as Volvo, Eicher Motors, Mahindra & Mahindra, Ashok Leyland and Daimler India Commercial Vehicle. In FY-24, the company developed better trailer air suspension and build a new friction welded trailer axle. By making better advance air suspension led to reduce in weight of about 30 kg per suspension which will encourage customers to carry extra cargo. The friction welded trailer axle has been properly tested and has been received proper approval on rigs. The trailer axles are ongoing under field validation. In compared to strong truck, trailer provides less cost delivery distance at low costly. The better quality road has encouraged transportation with support of trailers. The companies involved in logistics business provide specialized transportation in a hub and spoke model, developing requirements of trailers.
The company has subsidiary known as Jai Automotive Components Limited is setting up manufacturing plant in Indore, MP for production of U-Bolt, Spring Brackets, Hanger Shackles, and Spring Pin. The company will operate on proposed plant in initial stage. these products will scale our content per vehicle.
Jamna Auto Industries Ltd has 10 manufacturing plants located in India, producing best quality suspension systems. The plant includes state-of-the-art machinery and modern technologies. All manufacturing units are ISO certified, follow international safety standards, and are systematically located near OEMs. The award has been provided to Jamna in TPM category by Japan Institute of Plant Maintenance for its Yamuna Nagar, Malanpur plant, Jamshedpur.
The market is developing huge revenue from different markets, specially in Indian aftermarket and export. The revenue received from Indian aftermarket has shown growth of 10% compared to previous year. The company has currently allocated Yamuna Nagar plant extensively for aftermarket manufacturing and is currently working to present new products to diversify products except springs, which will increase revenue. The current products of company such as air suspension systems, lift axles, and interconnected products has also seen penetration in market.
In exports segment, the company has distributed springs to UD Trucks, a fully owned subsidiary of Volvo. Moreover, the company is communicating with other overseas OEMs. The company also has developed relationship with big distributors in Europe for supplying springs and related parts. The Hosur manufacturing plant is specially build to fulfill requirements of exports and is currently upgraded to fulfill certain engineering criteria of all clients located outside India. To scale international customer base, the company took part in largest international trade fair Automechanica, Istanbul located in Turkey and huge meeting area for automotive aftermarket sector in this area, where the company displayed their wide range of products. The company is planning to take part in upcoming exhibitions to show their products and scale their customer base.
The company is consistently increasing its customer base by adding new variety of products to our existing portfolio and developing better current range of products. The main focus of company is to improve operational efficiency, consistent research and development and presenting creative products. The company has entered into collaboration with VE Commercial Vehicles Limited by performing MoU to raise share of business in their annual springs generating capacity. The company is setting up manufacturing unit in Indore, Madhya Pradesh. This plant will manufacture new products including hanger shackles, spring brackets, U-bolts, spring pins, and king pins= to increase produce range and push sales.
To fulfill the need of parabolic springs and encourage product diversification plan, the company is making important investments in two regions.
The subsidiary company Jai Automotive components Limited is investing about Rs 180 crores in Indore, Madhya Pradesh.
The another subsidiary located in Adityapur, Jharkhand known as Jai Suspensions Limited is investing of Rs 220 crores in greenfield project.
The main strength at Jamna Auto is R&D department which brings consistent growth and creativity. The purpose of company is to be technology-based with a strong team, the company takes benefits of amazing technology with strong team, the company takes the benefit of modern technologies to build solutions as per customers needs. The products such as hybrid springs, parabolic springs, and BS VI springs provides unique benefits in market and develop beneficial category fo company to fulfill the needs of market. The company has alsobuiltd new friction welded trailer axle, currently going field process which offerscost-effectivee solutions for long-dsitance.
Jamna Auto Industries Ltd – Key points
Name of founder
Mr. Bhupinder Singh Jauhar
Industry
Automotive
Established
1954
Headquarters
Faridabad, India
Employees
3000
Subsidiaries
Jai Suspension Systems Ltd
Jamna Auto Industries Ltd – Statistics
Market cap
Rs 4,413 crores
ROCE
30.7%
ROE
24.5%
Stock P/E
21.4
Book value
Rs 22.6
Face value
Rs 1
All-time high/Low
Rs 150/105
Founder of company
Mr. Bhupinder Singh Jauhar is the person behind growth of Jamna Auto. he commenced his business in small shop in Yamuna Nagar in 1954 which has now became brand at global level and is one of the manufacturer of Leaf and Parabolic Springs in the world. he worked very hard to turn his vision into reality. He was consistently connected with top educational institutions in Ambala and Yamuna Nagar. He was amazing industrialist with knowledge and expertise in taking benefit of engineering strategies to provide high quality and amazing solutions in leaf Spring solutions for different commercial range of vehicles.
Jamna Auto Industries Ltd – Revenue & Net profit
Particulars
FY-24 ( In crores)
Sales
2,427
Expenses
2,097
EBITDA
329
other income
3
interest
5
depreciation
44
Profit before Tax
283
-Tax (%)
(-27%)
Net profit
205
EPS in Rs.
5.15
Shareholding pattern
Promoters
49.94%
FIIs
7.67%
DIIs
7.14%
Public
35.24%
Jamna Auto Industries Ltd – Watch Full Video
Disclaimer – Stock market is a highly volatile market and unstable. Do your proper research and study before investing. Our website aims to provide information regarding the stock market. We are not responsible if you suffer any loss. Spend enough time on research. We are not providing investment or financial advice.
Jamna Auto Industries Ltd Share Price Target – 2024 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2024
111
117
122
2025
125
134
143
2026
146
157
168
2027
173
183
192
2028
197
213
229
2029
234
257
279
2030
283
298
313
2040
1415
1518
1621
Jamna Auto Industries Ltd Share Price Target – 2024
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 111. The average trading price is projected to hit Rs 117 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to hit Rs 122.
Jamna Auto Industries Ltd Share Price Target – 2025
If market experiences downward trends, the minimum projected price is expected to reach Rs 125. The average trading price is projected to hit Rs 134 at the end of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 143.
Jamna Auto Industries Ltd Share Price Target – Month wise
Month
Average price (Rs)
January
134
February
128
March
129
April
130
May
136
June
139
July
140
August
142
September
141
October
122
November
129
December
143
Jamna Auto Industries Ltd Share Price Target – 2026
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 146. The average trading price is projected to hit Rs 157 at the end of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 168.
Jamna Auto Industries Ltd Share Price Target – Month wise
Month
Average price (Rs)
January
157
February
146
March
148
April
150
May
162
June
144
July
149
August
150
September
155
October
158
November
163
December
164
Jamna Auto Industries Ltd Share Price Target – 2027
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 173. The average trading price is projected to hit Rs 183 at the end of the year. If market observes bullish signals, the maximum projected price is expected to hit Rs 192.
Jamna Auto Industries Ltd Share Price Target – Month wise
Month
Average price (Rs)
January
183
February
175
March
177
April
179
May
184
June
185
July
187
August
188
September
191
October
170
November
193
December
191
Jamna Auto Industries Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is anticipated to reach Rs 197. The average trading price is projected to hit Rs 213 at the end of the year. If market observes bullish sentiments, the maximum projected price is forecasted to hit Rs 229.
Jamna Auto Industries Ltd Share Price Target – 2029
If market faces downward sentiments, the minimum projected price is anticipated to hit Rs 234. The average trading price is projected to hit Rs 257 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 279.
Jamna Auto Industries Ltd Share Price Target – 2030
If market faces downward sentiments, the minimum projected price is expected to reach Rs 283. The average trading price is projected to hit Rs 298 at the mid of the year. If market faces bullish sentiments, the maximum forecasted price is anticipated to hit Rs 313.
Jamna Auto Industries Ltd Share Price Target – 2040
If market observes downward trends, the minimum projected price is anticipated to hit Rs 1415 at the end of the year. If market observes bullish sentiments, the maximum projected price is expected to reach Rs 1518. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 1621.
FAQs
Q1) Who is the owner of Jamna Auto Industries Ltd?
Ans – The owner and founder of Jamna Auto Industries is Mr. Bhupinder Singh Jauhar.
Q2) What products does Jamna Auto Industries Ltd share?
Ans – The products portfolio of Jamna Auto Industries include Parabolic Leaf Spring, Conventional Leaf Spring, Stabilizer bar, Bus Air Suspension, Trailer Air Suspension, Lift Axle, Trailer Mechanical suspension, and Trailer Axle.
Q3) Who are the promoters of Jamna Auto Industries Ltd?
Ans – The promoters of Jamna Auto Industries are: Pradeep Singh Jauhar, Rakesh Kalra, Randeep Singh Jauhar, Gautam Mukherjee, Randeep Singh Jauhar, Rashmi Duggal.
Q4) Is Jamna Auto Industries Ltd a small cap company?
Ans –Yes, Jamna Auto Industries is a small-cap company with market cap of Rs Rs 4,413 crores.
Q5) Who are the Clients of Jamna Auto Industries Ltd?
Ans – The clients of Jamna Auto Industries are: Ashok Leyland, Renault Nisaan, UD Truck, Ford Motors, Force Motors, BHARATBENZ, Mahindra, TATA Motors, FUSO, VOLVO, VE Commercial Vehicles, SCANIA, ISUZU.
Q6) What is the turnover of Jamna Auto Industries Ltd?
Ans – The turnover of Jamna Auto Industries Ltd is Rs 2,427 crores which has shown increment of 4.39% compared to turnover in FY-23 in Rs 2,325 crores.
Q7) Is Jamna Auto Industries Ltd a debt-free company?
Ans –No,Jamna Auto Industries Ltd is not a debt-free company. The Long-term borrowings of company is Rs 0 and Short-term borrowings is Rs 159 crores. the company has cash equivalents of Rs 80 crores. The company is earning sufficient profit of Rs 205 crores against which company will repay its debt in 3 to 5 years.
Q8) What does Jamna Auto Industries Ltd do?
Ans – The company is involved in manufacturing of leaf Springs and Parabolic Springs for automobiles sector. The company was first to introduce parabolic springs in India.
Q9) Can I buy Jamna Auto Industries Ltd share?
Ans –Yes, you can definitely buy Jamna Auto Industries Ltd share for long-term purpose. The sales of company in FY-13 was Rs 980 crores which has increased to Rs 2,427 crores. The net profit of company in 2013 was Rs 28 crores which has increased to Rs 205 crores.
