JTEKT India Financial Statements

JTEKT India Balance Sheet

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 20.40 3.56 (20) (2.20)
Op profit growth (14) 8.92 (25) (10)
EBIT growth (46) 19.70 (27) (4.90)
Net profit growth (37) 30.60 (0.20) (2.20)
Profitability ratios (%)        
OPM 9.06 12.60 12 12.80
EBIT margin 3.50 7.74 6.70 7.32
Net profit margin 2 3.85 3.05 2.44
RoCE 6.94 13 11 14.20
RoNW 1.33 2.60 2.53 2.76
RoA 0.99 1.62 1.25 1.19
Per share ratios ()        
EPS 1.44 3.44 2.04 2.58
Dividend per share 0.35 0.50 0.50 0.50
Cash EPS (2.60) (1.50) (2.10) (3.10)
Book value per share 24.40 27.40 19.30 17.50
Valuation ratios        
P/E 27.90 28.60 40 18
P/CEPS (16) (68) (39) (15)
P/B 1.65 3.60 4.24 2.66
EV/EBIDTA 6.85 12.10 11.70 5.69
Payout (%)        
Dividend payout -- 20.60 26.90 34.30
Tax payout (18) (31) (28) (32)
Liquidity ratios        
Debtor days 54.60 60 55.70 48.60
Inventory days 26.40 27.30 27.60 24
Creditor days (45) (61) (63) (53)
Leverage ratios        
Interest coverage (5.30) (4.70) (3.20) (3.50)
Net debt / equity 0.03 0.27 0.64 0.78
Net debt / op. profit 0.12 0.93 1.69 1.40
Cost breakup ()        
Material costs (67) (65) (65) (66)
Employee costs (14) (12) (12) (11)
Other costs (9.60) (10) (11) (10)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,511 1,255 1,211 1,518
yoy growth (%) 20.40 3.56 (20) (2.20)
Raw materials (1,015) (811) (787) (1,000)
As % of sales 67.20 64.70 65 65.80
Employee costs (214) (156) (145) (167)
As % of sales 14.10 12.40 12 11
Other costs (145) (129) (134) (158)
As % of sales 9.62 10.30 11 10.40
Operating profit 137 159 146 194
OPM 9.06 12.60 12 12.80
Depreciation (93) (77) (79) (99)
Interest expense (9.90) (21) (25) (32)
Other income 8.81 15.70 14.40 16
Profit before tax 43 76.20 55.90 79.50
Taxes (7.80) (23) (15) (25)
Tax rate (18) (31) (28) (32)
Minorities and other (4.90) (4.60) (3.50) (17)
Adj. profit 30.30 48.30 37 37
Exceptional items -- -- -- --
Net profit 30.30 48.30 37 37
yoy growth (%) (37) 30.60 (0.20) (2.20)
NPM 2 3.85 3.05 2.44
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 43 76.20 55.90 79.50
Depreciation (93) (77) (79) (99)
Tax paid (7.80) (23) (15) (25)
Working capital 126 190 (39) 54.20
Other operating items -- -- -- --
Operating cashflow 68.40 165 (77) 9.61
Capital expenditure 201 (34) (348) 202
Free cash flow 269 132 (425) 212
Equity raised 731 706 578 589
Investments (30) (30) 73.50 (0.10)
Debt financing/disposal (46) 78.60 12 71.50
Dividends paid -- 9.94 9.94 9.94
Other items -- -- -- --
Net in cash 926 896 249 882
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 24.50 24.50 24.40 19.90
Preference capital -- -- -- --
Reserves 571 568 520 363
Net worth 596 593 544 383
Minority interest
Debt 78.10 188 232 249
Deferred tax liabilities (net) 6.17 16.10 20.10 24.40
Total liabilities 706 822 817 673
Fixed assets 490 543 574 499
Intangible assets
Investments -- -- -- 103
Deferred tax asset (net) 4.09 4.93 6.13 3.14
Net working capital 150 150 153 65.20
Inventories 115 113 104 83.80
Inventory Days 27.80 -- 30.20 25.30
Sundry debtors 194 268 258 155
Debtor days 46.90 -- 75.10 46.60
Other current assets 29.70 36.20 30.50 37.10
Sundry creditors (152) (216) (191) (173)
Creditor days 36.70 -- 55.50 52.10
Other current liabilities (37) (50) (49) (38)
Cash 62.20 124 84.20 2.61
Total assets 706 822 817 673
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Particulars ( Rupees In Crores.) Mar-2021 Dec-2020 Sep-2020 Jun-2020 Mar-2020
Gross Sales 470 432 355 76 365
Excise Duty -- -- -- -- --
Net Sales 470 432 355 76 365
Other Operating Income -- -- -- -- --
Other Income 1 1.30 1.42 1.71 1.60
Total Income 471 433 356 77.70 367
Total Expenditure ** 414 388 321 107 332
PBIDT 57.10 45.30 34.90 (29) 35.10
Interest 1.03 1.17 1.25 1.27 1.61
PBDT 56.10 44.10 33.70 (30) 33.50
Depreciation 20 20.70 21.60 20.70 21.90
Minority Interest Before NP -- -- -- -- --
Tax 9.82 2.13 -- -- 2.96
Deferred Tax (0.40) 4.44 3.31 (12) (1.90)
Reported Profit After Tax 26.70 16.90 8.76 (39) 10.60
Minority Interest After NP 1.36 1.09 0.67 (1.20) 1.57
Net Profit after Minority Interest 25.30 15.80 8.09 (37) 9.05
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 25.30 15.80 8.09 (37) 9.05
EPS (Unit Curr.) 1.04 0.64 0.33 (1.50) 0.37
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 24.50 24.50 24.50 24.50 24.50
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 12.10 10.50 9.85 (38) 9.62
PBDTM(%) 11.90 10.20 9.50 (40) 9.18
PATM(%) 5.67 3.90 2.47 (51) 2.91
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