JMT Auto (Delisted) share price

BSE: 513691Auto Components

RAMKRISHNA CASTING SOLUTIONS LIMITED · Face value ₹1 · Listed Dec 1994

Last traded ₹1.45 on 27 Jun 2022

Delisted on 18 Dec 2023.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Dec 2023

    • 11 Dec · Delisting

      Members of the Exchange are hereby informed about the delisting of equity shares of JMT Auto Limited w.e.f. December 18, 2023 pursuant to the Resolution Plan approved by Hon ble National Company Law Tribunal (NCLT) New Delhi Bench (Court II) under section 31 of Insolvency Bankruptcy Code, 2016
  2. Oct 2023

  3. Sep 2023

Share price history

Daily closes since Jun 2015, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008, May 2008 to Jul 2010, in Dec 2010, in Dec 2010, in Jan 2011, in Feb 2011, in Feb 2011, in Feb 2011, in Mar 2011, in Mar 2011, in Apr 2011, in Apr 2011, Apr 2011 to May 2011, in Jun 2011, in Jul 2011, in Jul 2011, in Aug 2011, in Aug 2011, in Aug 2011, in Aug 2011, in Sep 2011, Sep 2011 to Oct 2011, in Oct 2011, in Jan 2012, in Apr 2012, in May 2012, in May 2012, in Jun 2012, in Jun 2012, in Aug 2012, in Sep 2012, in Sep 2012, Nov 2012 to Aug 2013, Aug 2013 to Feb 2014, in Feb 2014, Mar 2014 to Jun 2014, Jun 2014 to Jul 2014, in Jul 2014, in Jul 2014, Jul 2014 to Aug 2014, Aug 2014 to Jul 2015, in Aug 2015, Aug 2015 to Mar 2016 and Mar 2016 to Sep 2016, adjusted for splits and bonuses. Earlier closes are left out: on 25 Jun 2015 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Q3 results, quarter to Dec 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹32 Cr−8.0% on a year ago · +4.3% on the quarter before
Operating profit
−₹3.42 Cr
Net profit
−₹14 Cr
Earnings per share
−₹0.56
Operating margin
−10.6%
Net margin
−44.0%

From revenue to net profit, ₹ crore

  1. Revenue32
  2. Materials and goods−14
  3. Employee costs−5.4
  4. Other expenses−17
  5. Operating profit−3.4
  6. Depreciation−3.4
  7. Other income+0.1
  8. Finance costs−6.4
  9. Profit before tax−13
  10. Tax−1.1
  11. Net profit−14

JMT Auto results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2020. Results for the quarter to Mar 2021 were due by 30 May 2021, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
95−1.7Mar 18970.5Jun 1810143Sep 18960.5Dec 1866−5.2Mar 1969−1.2Jun 1940−15Sep 1935−14Dec 1932−15Mar 207.6−6.2Jun 2031−15Sep 2032−14Dec 20
Peak revenue ₹101 Cr, quarter to Sep 2018; lowest ₹7.64 Cr, quarter to Jun 2020A loss in 9 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
54.0%−81.1%13.0%11.8%54.0%11.0%1.8%4.9%−19.0%−5.2%−23.4%−55.6%−15.3%−10.6%−1.8%0.6%43.0%0.5%−7.8%−1.8%−37.4%−40.2%−47.6%−81.1%−49.4%−44.0%Mar 18Sep 18Mar 19Sep 19Mar 20Sep 20Dec 20
₹ croreMar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3
Revenue from operations8981707787778393959710196666940353283132
7668556376667077838546866566483739123636
Materials and goods bought373322273731333536414040243119141541314
Employee costs–––––––––666–6666365
Other expenses–––––––––38040–2823181851717
Operating profit before depreciation12131515111113151211541113−8−2−7−4−5−3
Operating margin13.7%16.5%21.2%18.9%12.8%14.5%16.0%16.6%13.0%11.8%54.0%11.0%1.8%4.9%−19.0%−5.2%−23.4%−55.6%−15.3%−10.6%
Depreciation and amortisation77777777777765556333
Other income00002110−200102211010
Finance costs05557554544444555556
Profit before one-off items and tax6232−1034−21441−9−4−16−11−17−12−12−13
One-off items–––––––−3–00030000000
Profit before tax6232−1031−21441−5−5−16−11−17−12−12−13
2111−102400100−3−13−2−631
Tax rate29.5%37.6%36.3%42.1%––72.9%440.5%–34.4%2.0%34.7%––––––––
Share of profit of joint ventures and associates–––––––––––––––––0––
Net profit4121001−3−21430−5−1−15−14−15−6−15−14
Other comprehensive income–––––––––000–0000000
Total comprehensive income–––––––––1430–−1−15−14−15−6−15−14
Net margin4.4%1.4%2.5%1.8%0.0%−0.3%0.9%−3.4%−1.8%0.6%43.0%0.5%−7.8%−1.8%−37.4%−40.2%−47.6%−81.1%−49.4%−44.0%
Net margin without joint ventures and associates–––––––––––––––––−81.3%––
Earnings per share₹0.16₹0.04₹0.03₹0.03₹0.00−₹0.01₹0.01−₹0.06−₹0.03₹0.01₹0.03₹0.01−₹0.12−₹0.04−₹0.60−₹0.56−₹0.60−₹0.24−₹0.60−₹0.56
Diluted earnings per share₹0.15₹0.04₹0.03₹0.03₹0.00−₹0.01₹0.01−₹0.06−₹0.03₹0.01₹0.03₹0.01−₹0.12−₹0.04−₹0.60−₹0.56−₹0.60−₹0.24−₹0.60−₹0.56
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
2929.8Mar 1136316Mar 1230712Mar 132867.1Mar 144309.5Mar 153364.9Mar 163144.2Mar 173470.8Mar 18360−2.5Mar 19176−45104Mar 20
Peak revenue ₹430 Cr, year to Mar 2015; lowest ₹176 Cr, year to Mar 2020A loss in 2 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
16.9%−25.8%16.9%15.6%13.8%13.6%12.5%15.6%16.9%14.1%10.0%−7.7%3.4%4.4%3.9%2.5%2.2%1.4%1.3%0.2%−0.7%−25.8%Mar 11Mar 13Mar 15Mar 17Mar 19Mar 20

Results for the year to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue176
  2. Materials and goods−78
  3. Employee costs−24
  4. Other expenses−87
  5. Operating profit−14
  6. Depreciation−21
  7. Other income+6.0
  8. One-off items−0.4
  9. Finance costs−19
  10. Profit before tax−49
  11. Tax+3.4
  12. Net profit−45

What the company owns

  • Plant, investments and other assets₹143 Cr
  • Inventory₹122 Cr
  • Receivables₹33 Cr
  • Cash and bank₹1 Cr

What pays for it: net worth and liabilities

  • Net worth₹122 Cr
  • Borrowings₹104 Cr
  • Other liabilities₹48 Cr
  • Owed to suppliers₹25 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Dec 2020, the latest four quarters added.

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Dec 2020Twelve months
Revenue from operations292363307286430336314347360176103
242307265247376283261298324189123
Materials and goods bought1251591311262251331181361457846
Employee costs–––––––––2420
Other expenses–––––––––8757
Operating profit before depreciation495742395452534936−14−20
Operating margin16.9%15.6%13.8%13.6%12.5%15.6%16.9%14.1%10.0%−7.7%−19.3%
Materials, % of revenue–––––––––44.4%44.3%
Employee costs, % of revenue–––––––––13.7%19.8%
Other expenses, % of revenue–––––––––49.6%55.3%
Depreciation and amortisation1820221825282929262116
Operating profit after depreciation313721212925242010−35−36
Other income271472241262
Finance costs1920192119192119161921
Profit before one-off items and tax152415612762−4−48−55
One-off items––––––––300
Profit before tax152415612762−1−49−55
573−123211−3−4
Share of profit of joint ventures and associates––––––––––0
Net profit10161279541−2−45−51
Other comprehensive income–––––––––00
Total comprehensive income–––––––––−45−51
Net margin3.4%4.4%3.9%2.5%2.2%1.4%1.3%0.2%−0.7%−25.8%−49.5%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2020, after the latest full year: the balance sheet at its end.

₹ croreMar 2020Sep 2020Half year
122101
Share capital5050
Reserves7251
104137
154168
2424
Total assets299293
130124
169170
Net debt103137
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2020, after the latest full year: the cash flow over its six months.

₹ croreSep 2020Half year
−23.8
Cash generated before tax−8.2
Tax paid−0.4
Capital spending0.0
Free cash flow−23.8
Cash from investing−0.5
23.0
Dividends paid0.0
Shares bought back0.0
Shares issued0.0
Net change in cash−1.2
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
–––₹0.19₹0.08₹0.02−₹0.06−₹1.80
As stated that year₹8.35₹4.90₹1.88₹0.19₹0.08₹0.02−₹0.06−₹1.80
–––₹0.19₹0.08₹0.02−₹0.06−₹1.80
Market cap at the year end (₹ crore)1402487921,190537–131–
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue growth52.4%24.6%−15.6%−6.9%50.5%−21.9%−6.5%10.5%3.7%−51.2%
Operating profit growth27.6%15.3%−25.6%−8.2%38.2%−2.3%0.9%−7.8%−26.2%–
Net profit growth177.9%63.8%−25.3%−41.3%34.3%−48.7%−13.4%−81.2%––
Earnings per share growth––––––−57.9%−80.0%––
Return on equity–––––––––−37.2%
Return on capital employed–––––––––−15.4%
Interest cover1.71.81.11.01.51.31.11.10.6–
Debt to equity–––––––––0.85
Receivable days–––––––––68
Inventory days–––––––––569
Payable days–––––––––118
Cash conversion cycle, days–––––––––520
Working capital days–––––––––220
Asset turnover–––––––––0.59
Assets per rupee of net worth–––––––––2.45
Sales per rupee of plant–––––––––1.56
Plant being built, % of plant in use–––––––––0.1%
Interest cover is left blank for the year to Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.

Return on assets, latest year
−15.2%
Measure10 years5 years3 years
Revenue growth, yearly rate−0.9%−16.4%−17.6%
Operating margin, average12.1%9.8%5.5%
Net margin, average−0.7%−4.7%−8.8%
Interest cover, average1.21.00.8

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Effective tax ratePublished threshold 17.16 per cent32.4631.6721.53−16.6419.74–––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, Single segment, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2020, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−67.3%––0.0%
3 years−56.9%––0.0%
Longer windows are left empty: a corporate action or price step on 2015-06-25 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Who owns JMT Auto, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Mar 2023.

Mar 2023 filing

  • Promoters66.77%
  • Foreign institutions1.46%
  • Individuals and others31.77%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Individuals and others
66.77%1.46%66.77%66.77%66.77%1.46%1.46%1.46%31.77%31.77%31.77%Sep 22Dec 22Mar 23
Per centSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
66.77%66.77%66.77%66.77%66.77%66.77%66.77%
Indian promoters66.77%66.77%66.77%66.77%66.77%66.77%66.77%
33.23%33.23%33.23%33.23%33.23%33.23%33.23%
Promoter shares pledgedShare of the promoters' own shares100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Shares in issue50,38,32,14050,38,32,14050,38,32,14050,38,32,14050,38,32,14050,38,32,14050,38,32,140
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of JMT Auto shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

53,973Sep 2159,442Dec 2160,143Mar 2259,860Jun 2259,854Sep 2259,845Dec 2260,188Mar 23
ShareholdersSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
All shareholders53,97359,44260,14359,86059,85459,84560,188
1111111
Indian promoters1111111
53,97259,44160,14259,85959,85359,84460,187
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

JMT Auto promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Mar 2023; the largest is AMTEK AUTO LIMITED, 66.77%.

Holder
AMTEK AUTO LIMITEDIndian companies, trusts and others66.77%33,64,12,200100.00%
Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of JMT Auto, filing by filing

Per cent, on the same shares as the split above.

HolderSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Vistra ITCL India LimitedCompanies4.96%4.96%4.96%4.89%4.89%4.89%4.89%
MOIZBHAI HAKIMUDDIN BORIAWALANon-resident Indians––3.19%3.19%3.19%3.19%3.19%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund–––––2.20%2.20%
ELARA INDIA OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I1.46%1.46%1.46%1.46%1.46%1.46%1.46%
IEPFInvestor education fund––––2.20%––
Investor Education & Protection FundOther non-institutions–––2.20%–––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

JMT Auto share price by year

Each calendar year to 2022.

YearClose at year endChangeHighest closeLowest close
20221.45−51.7%3.151.45
20213.00+15.4%3.702.25
20202.60+100.0%6.600.85
20191.30−65.3%3.901.10
20183.75−33.6%5.902.50
20175.65−70.6%21.403.45
2016BSE close19.20−78.1%90.0518.95
2015BSE close87.55–141.1034.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2015 is from its first session, 25 Jun 2015. The close is the year's last trade for 2022 (27 Jun 2022) and 2021 (10 Dec 2021).

Recent sessions

The 10 trading days to 27 Jun 2022, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
27 Jun 20221.451.451.451.451.4589,213
20 Jun 20221.501.501.501.501.5042,729
13 Jun 20221.551.551.551.551.551,03,760
6 Jun 20221.701.701.601.601.611,38,376
30 May 20221.651.751.651.651.671,71,688
23 May 20221.801.801.701.701.722,26,851
16 May 20221.751.801.751.751.763,51,182
9 May 20221.801.851.801.801.801,83,927
2 May 20221.751.851.751.851.786,83,624
25 Apr 20221.801.801.801.801.801,32,513
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
21 Sep 2016Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
25 Jun 2015Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
30 Jul 2014Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. The company's board met on results that day or since the trading day before. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

Company details

BSE code
513691
ISIN
INE988E01036
Industry
Auto Components
Former symbols
JMTAUTOLTD
CIN
L42274DL1997PLC270939
Corporate identity number, the registrar of companies' code for it
Incorporated
1997
Registered office
3- LS, C Pamposh Enclave, Guru Nanak Mrkt, Opp L. S. C. Market, New Delhi 110048, Delhi
Share registrar
C B Management Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments