94.4200 -1.87 (-1.94%)
NSE Jul 11, 2025 15:31 PM
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Jamna Auto Industries Ltd.
13 Jul 2018, 12:00AM
94.42
-1.94%
IDBI Capital
Jamna Auto Industries (JAI), a manufacturer of tapered leaf springs and parabolic springs for CV's is a structural story on demand for higher tonnage trucks and CV cycle upswing. We expect a Revenue/EBITDA/PAT CAGR of 19%/25%/30% for JAI over FY1820E, as we envisage multiple triggers: i) demand for parabolic spring to raise due to higher tonnage trucks; ii) content per vehicle to increase 3x and iii) aftermarket opportunity iv) CV cycle is in upswing. We initiate coverage on JAI, with a BUY rating...
Number of FII/FPI investors decreased from 104 to 75 in Mar 2025 qtr
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