Jamna Auto Industries Limited (JAMNAAUTO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-4.9%

₹117.47

vs ₹123.50 price

Levered DCF

₹168.67

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.33×	16.75×	26.08×	23.56×	28.19×	37.08×	19.83×	17.94×
P/B	3.89×	3.04×	5.93×	5.06×	5.79×	4.66×	1.83×	4.84×
P/S	1.71×	1.33×	2.21×	1.71×	2.31×	2.5×	0.85×	1.18×
EV / EBITDA	11.28×	10.54×	16.39×	14.69×	17.8×	19.5×	8.38×	8.46×
Gross margin	28.1%	27.5%	16.0%	33.3%	15.2%	14.9%	32.5%	30.7%
Operating margin	12.8%	11.2%	11.9%	9.9%	11.4%	10.4%	6.8%	11.3%
Net margin	8.8%	7.9%	8.5%	7.2%	8.2%	6.8%	4.3%	6.6%
Current ratio	1.31×	1.37×	1.59×	2.15×	1.44×	0.97×	1.33×	1.13×
Debt / equity	0.01×	0.36×	0.19×	0.13×	0.28×	0.22×	0.29×	0.01×
Interest coverage	25.48×	55.82×	55.56×	66.76×	46.75×	16.99×	4.14×	8.63×
Dividend yield	1.9%	3.0%	1.6%	1.8%	1.0%	0.4%	4.3%	2.0%
Payout ratio	36.3%	50.9%	42.7%	42.6%	28.3%	13.6%	85.2%	36.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.1%	18.2%	22.7%	21.5%	20.6%	12.6%	9.3%	27.0%
Return on invested capital	18.2%	13.0%	19.1%	18.5%	15.8%	13.0%	7.2%	29.3%
Return on assets	14.0%	11.8%	15.2%	15.9%	11.8%	8.3%	6.1%	12.9%
Free cash flow yield	5.5%	3.0%	-1.4%	6.4%	-0.9%	6.7%	-11.7%	6.1%
Earnings yield	5.2%	6.0%	3.8%	4.2%	3.6%	2.7%	5.1%	5.6%
Enterprise value	₹44.4B	₹32.4B	₹54.5B	₹40.2B	₹41.3B	₹27.9B	₹11B	₹24.5B
Net debt / EBITDA	-0.06×	0.71×	0.29×	0.19×	0.73×	0.61×	1.15×	-0.05×
Cash conversion cycle (days)	7	31	59	55	100	85	77	4