Jamna Auto Industries Ltd. News and Updates

Name: Latest research reports of Jamna Auto Industries Ltd. authored by CD Equisearch and published by - Trendlyne research reports.
Item: Jamna Auto Industries Ltd.
Rating: 5
Author: CD Equisearch

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Jamna Auto Industries Ltd.

23 Jul 2020

100.92

0.29%

Buy Jamna Auto Industries; target of Rs 41: CD Equisearch

Moneycontrol

CD Equisearch is bullish on Jamna Auto Industries recommended buy rating on the stock with a target price of Rs 41 in its research report dated July 23, 2020.

Jamna Auto Industries Ltd. is trading below its 30 day SMA of 105.5

Jamna Auto Industries Ltd.

23 Jul 2020

100.92

0.29%

Jamna Auto Industries Ltd

Buy: Jamna Auto Industries Ltd.

Target

CD Equisearch

Battered by no meager stress in Indian CV industry, Jamna Industries reported a dismal 56.2% drop in revenues - though revenues improved marginally from Q3 - in the fourth quarter of current fiscal, thus reporting five straight quarters of revenue decline. Put differently, average revenues in the last quarters of FY20 have declined by a stunning 55% over average revenues reported in the same period a year ago. Grave stress in Indian MHCV industry last fiscal - sales drop 42.4% - explain much of the 47% drop in revenues last fiscal. Current demand outlook of...

Jamna Auto Industries Ltd. is trading below its 30 day SMA of 105.5

Jamna Auto Industries Ltd.

15 Jun 2020

100.92

0.29%

Accumulate Jamna Auto Industries; target of Rs 35: Dolat Capital

Moneycontrol

Dolat Capital recommended accumulate rating on Jamna Auto Industries with a target price of Rs 35 in its research report dated June 12, 2020.

Jamna Auto Industries Ltd. has gained 33.90% in the last 6 Months

Jamna Auto Industries Ltd.

12 Jun 2020

100.92

0.29%

Jamna Auto

Buy: Jamna Auto Industries Ltd.

Target

Dolat Capital

Jamna Auto's Q4FY20 numbers beat our estimates. Net Revenue was Rs 2.37bn (-57% YoY), due to the slowdown in the CV segment and the Covid-19 lockdown. However, operating margin sharply rose sequentially (+247bps QoQ) to 11.8% due to fall in RM prices and...

Jamna Auto Industries Ltd. is trading below its 30 day SMA of 105.5

Jamna Auto Industries Ltd.

11 Jun 2020

100.92

0.29%

Jamna Auto Standalone March 2020 Net Sales at Rs 210.55 crore, down 55.47% Y-o-Y

Moneycontrol

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Jamna Auto Industries Ltd. has gained 33.90% in the last 6 Months

Jamna Auto Consolidated March 2020 Net Sales at Rs 237.49 crore, down 56.25% Y-o-Y

Moneycontrol | 11 Jun 2020

Jamna Auto Industries Ltd.

19 Aug 2019

100.92

0.29%

Jamna Auto

Buy: Jamna Auto Industries Ltd.

Target

Dolat Capital

Jamna Auto reported weak set of numbers in Q1FY20. The revenue was ` 4.2bn (-25% YoY on a high base), due to slowdown in CV sales along with weaker product mix (affected by a shift in demand towards lower tonnage vehicles, a lower revenue from parabolic springs & lift axle and muted aftermarket sale). However, the company is maintaining its dominance in the domestic OEM segment with 71% market share in leaf springs and focused on widening its distribution network (through tie-ups with retailers and garage personnel in aftermarket segment). The management has also...

Jamna Auto Industries Ltd. is trading below its 30 day SMA of 105.5

Jamna Auto Industries Ltd.

09 Aug 2019

100.92

0.29%

Jamna Auto falls on plant shut-downs amid industry-wide crisis

Business Line

Shares of Jamna Auto Industries Ltd fell as much as 8.5 per cent to Rs 36.5 on Friday morning. The company might shut all its plants in August due to

Jamna Auto Industries Ltd. is trading above its 200 day SMA of 90.2

Jamna Auto Industries braces for plant shutdowns amid industry-wide crisis

Business Standard | 08 Aug 2019

Jamna Auto Industries Ltd.

25 Jun 2019

100.92

0.29%

Jamna Auto Industries Ltd

Buy: Jamna Auto Industries Ltd.

Target

CD Equisearch

Strangled by no imperceptible slowdown in Indian CV industry, most prominently the stalwart M&HCV; - stark change in volumes not invisible as MHCV dispatches tumbled not indiscernibly by 5.5% (yoy) in the second half of last fiscal compared to 48.1% growth in the first half Jamna's revenue from operations slid 3.4% in the second half of last fiscal. The condition got no better in Q4 as Jamna reported 9% drop in revenues...

Jamna Auto Industries Ltd. is trading below its 30 day SMA of 105.5

Jamna Auto Industries Ltd.

24 May 2019

100.92

0.29%

Jamna Auto

Buy: Jamna Auto Industries Ltd.

Dolat Capital

Jamna Auto's (JAMNA) Q4FY19 EBIDTA declined 23% YoY to ` 690mn with an operating margin of 12.7% (-49bps QoQ, below our estimate 13.2%), due to an adverse product mix (lower proportion of aftermarket). Given the superior return ratios, ROE/ROCE of 30%, strong market share in leaf springs (70%), and compelling valuation of 12x for FY20, we maintain our...