Minerva Capital Research Solutions

JTEKT India

NSE: JTEKTINDIABSE: 520057
Compare with peers
₹ 111.23▼ 0.15 (−0.13%)28 Oct, 03:29 pm IST
Market cap
₹ 3,014 Cr.
P/E
39.5x
P/B
2.65x
52-week range
106.81 – 171.31
ROE
8%
ROCE
10%
Dividend yield
0.7%
Debt / equity
0.29
Sector
Auto Components
Industry
Auto Components & Equipments
Listed on
NSE, BSE

About

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 systems, column-type electric power steering systems and driveline products. The Company's other two product lines include machine tools and bearings. The Company is a tier 1 supplier to OEM customers on a business-to-business basis. The Company is supplying automotive products to OEM's, such as Maruti Suzuki, TATA Motors, Honda, Toyota Kirloskar, Renault Nissan, Mahindra & Mahindra, E-Z-Go Textron, Trenton Pressing LLC for commercial vehicles and passenger vehicles.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Auto Components & Equipments: 155 companies →

JTEKT India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)39.5 against a typical 27.4: pricier than most peers (1st = cheapest).110th of 153
  • Sales growth+26.8% against a typical +20.7% from a year earlier.48th of 142
  • Profit growth−42.5% against a typical +15.3% from a year earlier.112th of 127
  • Share price, 3 months−17.2% against a typical −4.4%.119th of 142
  • Size₹ 3,014.4 Cr. market value against a typical ₹ 728 Cr. (1st = largest).40th of 138

Latest announcements

Exchange filings and their impact on the company.

  • 22 Oct 2026Capacity additionLow impactPositivePrice −1.6% that day
    JTEKT to add 0.8m CVJ capacity (+67%) in Gujarat by Aug 2028, with only initial capex in the next 12 months.

    JTEKT India approved capacity expansion for its Constant Velocity Joint line at Jalisana, Gujarat. Existing capacity is about 1.2 million units at about 90% utilization, and the plan adds about 0.8 million units by August 2028 to serve fast-growing Indian OEMs. Investment amount is yet to be finalized and will be funded by internal accruals and borrowings, so there is no sales benefit in the next 12 months, only initial project spending.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA by ICRA
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AAStable8 Jul 2026
Credit rating actions
RatingDetails
8 Jul 2026
Reaffirmed
[ICRA]AA—ICRA₹ 689.14 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
4 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
13 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
14 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
11 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
12 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
14 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
21 Jul 2025Fund RaisingTo consider Fund Raising

Share price

1Y change −27.61%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales584552632553605592649566639680780718
Expenses524501562516558548593535593628709680
Operating Profit605170374744573146527138
OPM %10.3%9.2%11%6.8%7.8%7.4%8.7%5.5%7.2%7.7%9.1%5.3%
Other Income214522294524
Interest112223342455
Depreciation202023202120222123262928
Profit before tax42314920262234152527389
Tax %27.5%23.6%29.8%25.8%26%26.8%27%25.7%27.1%25%28.5%27.8%
Net Profit30243415191625111820276
EPS in Rs1.130.891.240.540.70.590.890.390.660.730.990.22

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
9%
5 Years
15%
3 Years
9%
TTM
17%
Compounded Profit Growth
10 Years
17%
5 Years
46%
3 Years
0%
TTM
9%
Stock Price CAGR
10 Years
8%
5 Years
5%
3 Years
−1%
TTM
—
Return on Equity
10 Years
9%
5 Years
10%
3 Years
10%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.98%
0 pts in a year
FIIs
0.6%
+0.14 pts in a year
DIIs
10.24%
−0.46 pts in a year
Public
14.19%
+0.34 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 39.5xEPS (12 months) ₹ 2.94Median P/E 37.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
JTEKT India₹ 111.23₹ 3,014 Cr.39.5x2.7x8%—
Samvardhana Motherson International₹ 151.00₹ 1,59,367 Cr.35.1x3.7x10.2%3.2%
Cummins India₹ 4,338.90₹ 1,20,274 Cr.62.3x17.8x29.5%19.5%
Bosch₹ 44,045.85₹ 1,29,918 Cr.51.3x8.1x19.4%13.8%
UNO Minda₹ 1,052.00₹ 60,749 Cr.54.8x9.8x19.1%6.5%
Sona Blw Precision Forgings₹ 752.80₹ 46,984 Cr.64.6x7.3x11.2%14.1%

Management

Minoru Sugisawa
Executive Chairman of the Board, Managing Director
Sudhir Chopra
Executive Vice Chairman of the Board
Vikas Goel
Chief Financial Officer
Osamu Miyazaki
Senior Vice President
Kenji Okazaki
Senior Vice President
Saurabh Agrawal
Company Secretary, Compliance Officer
Akihiko Kawano
Managing Director, Executive Director
Rajiv Chanana
Whole Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.