JBM Group’s journey began nearly four decades ago, in 1983, with the manufacture of cylinders. Inspired by the technological boom of the era, the founder envisioned a future where “JBM inside” would be a hallmark of every vehicle manufactured in India, similar to the “Intel inside” concept seen in computers. Today, that vision is realized as JBM produces half a million auto components daily, with almost every vehicle in the country featuring a JBM part. From its early collaboration with India’s largest car manufacturer in 1987 to its evolution into a $2.6 billion global conglomerate, JBM has expanded its footprint to over 10 countries. The company’s growth is fueled by its relentless pursuit of scalability and sustainability, guided by a shared ethic of ‘One JBM.’ The commitment and collaboration of more than 25,000 JBMites stand as the core strength of the company, driving its mission to deliver excellence consistently.
Over the years, JBM has strategically integrated its businesses across the value chain, diversifying into new sectors and setting its sights on leading the Mobility 2.0 revolution, which emphasizes cleaner, greener, and safer transportation solutions. JBM’s ventures include manufacturing its own line of buses and pioneering sustainable solutions within the EV ecosystem. Innovation is at the heart of JBM’s operations, backed by state-of-the-art, in-house R&D Centres that have earned recognition from the Department of Scientific & Industrial Research, Ministry of Science & Technology, Government of India. Through these efforts, JBM continuously leverages cutting-edge technology to maximize value for its stakeholders, solidifying its position as a leader in the global automotive industry while remaining steadfast in its commitment to environmental responsibility and technological advancement.
Recent news about JBM Auto Ltd
JBM Auto’s subsidiary, JBM Ecolife Mobility Pvt. Ltd., has recently secured a major electric bus order, valued at ₹7,500 crore, marking a significant step forward in its electric mobility ventures. This achievement positions JBM Ecolife as a key player in the sector. Concurrently, JBM Auto has released its Annual Report for 2024, showcasing its commitment to sustainability through its Business Responsibility and Sustainability Reporting (BRSR). The company is also engaged in discussions with the Canada Pension Plan Investment Board and the Asian Development Bank to secure $100 million in funding for its electric bus operations. Additionally, JBM’s collaboration with Solaris Bus & Coach is set to leverage government subsidies under schemes like FAME and PM E-bus Sewa, further bolstering its electric mobility initiatives.
Shareholding Patterns of JBM Auto
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 67.53% | 67.53% | 67.53% | 67.53% | 67.53% |
| FIIs + | 1.73% | 2.52% | 2.82% | 3.34% | 3.30% |
| DIIs + | 0.02% | 0.03% | 0.04% | 0.06% | 0.05% |
| Public + | 30.72% | 29.91% | 29.62% | 29.09% | 29.12% |
| No. of Shareholders | 54,667 | 90,389 | 89,478 | 1,11,902 | 1,29,244 |
The shareholding structure of JBM Auto shows a stable distribution among its key shareholders. The promoters retain a steady 67.53% ownership, underscoring their substantial control and ongoing commitment to the company. Foreign Institutional Investors (FIIs) have increased their stake from 1.73% in June 2023 to 3.30% by June 2024, indicating a growing interest from global investors. Domestic Institutional Investors (DIIs) have seen a slight uptick, reaching 0.05% in June 2024. Public shareholding has remained fairly constant, decreasing marginally from 30.72% to 29.12% over the same period. Additionally, the number of shareholders has surged from 54,667 in June 2023 to 129,244 in June 2024, reflecting a significant rise in investor participation and engagement.
How to Purchase JBM Auto Shares in India?
Below are the trading platforms that you can use to purchase JBM Auto shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
JBM Auto Share Price Prediction: 2024 – 2030
JBM Auto Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 1,991.15 | 1,731.44 |
| October 2024 | 1,971.44 | 1,714.30 |
| November 2024 | 2,050.30 | 1,782.87 |
| December 2024 | 2,070.80 | 1,800.70 |
As we approach September 2024, JBM Auto’s maximum price is expected to reach ₹1,991.15, while the minimum is projected to be ₹1,731.44. Moving into October 2024, the maximum price of JBM Auto is anticipated to slightly decline to ₹1,971.44, with the minimum dipping to ₹1,714.30. In November 2024, the price is forecasted to increase, with the maximum reaching ₹2,050.30 and the minimum rising to ₹1,782.87. By December 2024, JBM Auto’s maximum price is expected to further climb to ₹2,070.80, while the minimum is projected to be ₹1,800.70, marking a positive upward trend as the year concludes.
JBM Auto Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 2,091.51 | 1,608.85 |
| February 2025 | 2,112.63 | 1,625.10 |
| March 2025 | 2,157.00 | 1,659.23 |
| April 2025 | 2,135.64 | 1,642.80 |
| May 2025 | 2,073.44 | 1,594.95 |
| June 2025 | 2,166.75 | 1,666.73 |
| July 2025 | 2,124.26 | 1,634.05 |
| August 2025 | 2,189.96 | 1,684.58 |
| September 2025 | 2,216.24 | 1,704.80 |
| October 2025 | 2,273.86 | 1,749.12 |
| November 2025 | 2,330.71 | 1,792.85 |
| December 2025 | 2,435.59 | 1,873.53 |
In 2025, JBM Auto’s prices are expected to rise steadily from January to December. Starting with a maximum of ₹2,091.51 and a minimum of ₹1,608.85 in January, the prices are anticipated to increase gradually throughout the year. By June, the maximum could reach ₹2,166.75, and by December, JBM Auto’s prices are projected to peak at a maximum of ₹2,435.59, with the minimum at ₹1,873.53, marking the highest levels for the year.
JBM Auto Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 2,508.66 | 1,929.74 |
| February 2026 | 2,445.94 | 1,881.49 |
| March 2026 | 2,494.86 | 1,919.12 |
| April 2026 | 2,545.77 | 1,958.29 |
| May 2026 | 2,520.57 | 1,938.90 |
| June 2026 | 2,583.58 | 1,987.37 |
| July 2026 | 2,532.92 | 1,948.40 |
| August 2026 | 2,611.26 | 2,008.66 |
| September 2026 | 2,663.49 | 2,048.84 |
| October 2026 | 2,732.74 | 2,102.11 |
| November 2026 | 2,801.06 | 2,154.66 |
| December 2026 | 2,871.08 | 2,208.53 |
JBM Auto Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,899.79 | 2,230.61 |
| February 2027 | 2,974.15 | 2,287.81 |
| March 2027 | 3,090.14 | 2,377.03 |
| April 2027 | 3,029.55 | 2,330.42 |
| May 2027 | 2,941.31 | 2,262.55 |
| June 2027 | 3,073.67 | 2,364.36 |
| July 2027 | 3,013.40 | 2,318.00 |
| August 2027 | 3,106.60 | 2,389.69 |
| September 2027 | 3,215.33 | 2,473.33 |
| October 2027 | 3,298.93 | 2,537.64 |
| November 2027 | 3,381.40 | 2,601.08 |
| December 2027 | 3,465.94 | 2,666.10 |
JBM Auto Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 3,535.25 | 2,719.43 |
| February 2028 | 3,625.90 | 2,789.16 |
| March 2028 | 3,767.31 | 2,897.93 |
| April 2028 | 3,693.44 | 2,841.11 |
| May 2028 | 3,585.87 | 2,758.36 |
| June 2028 | 3,747.23 | 2,882.49 |
| July 2028 | 3,673.76 | 2,825.97 |
| August 2028 | 3,787.38 | 2,913.37 |
| September 2028 | 3,919.94 | 3,015.33 |
| October 2028 | 4,021.85 | 3,093.73 |
| November 2028 | 4,122.40 | 3,171.08 |
| December 2028 | 4,225.46 | 3,250.35 |
JBM Auto Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 4,309.97 | 3,315.36 |
| February 2029 | 4,420.48 | 3,400.37 |
| March 2029 | 4,592.88 | 3,532.98 |
| April 2029 | 4,502.82 | 3,463.71 |
| May 2029 | 4,371.67 | 3,362.83 |
| June 2029 | 4,568.40 | 3,514.15 |
| July 2029 | 4,478.82 | 3,445.25 |
| August 2029 | 4,617.34 | 3,551.80 |
| September 2029 | 4,778.95 | 3,676.11 |
| October 2029 | 4,903.20 | 3,771.69 |
| November 2029 | 5,025.78 | 3,865.99 |
| December 2029 | 5,151.43 | 3,962.64 |
JBM Auto Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 5,254.46 | 4,041.89 |
| February 2030 | 5,389.18 | 4,145.53 |
| March 2030 | 5,599.36 | 4,307.20 |
| April 2030 | 5,489.57 | 4,222.75 |
| May 2030 | 5,329.68 | 4,099.75 |
| June 2030 | 5,569.52 | 4,284.24 |
| July 2030 | 5,460.31 | 4,200.24 |
| August 2030 | 5,629.19 | 4,330.14 |
| September 2030 | 5,826.21 | 4,481.70 |
| October 2030 | 5,977.69 | 4,598.22 |
| November 2030 | 6,127.13 | 4,713.18 |
| December 2030 | 6,280.31 | 4,831.01 |
In 2030, JBM Auto is expected to see a consistent upward trend in its price range from January through December. Starting in January, the maximum price is projected to be ₹5,254.46, with a minimum of ₹4,041.89. As the months progress, the prices are anticipated to increase, reaching a maximum of ₹5,569.52 by June and ₹5,629.19 by August. By December, JBM Auto’s prices are forecasted to peak at a maximum of ₹6,280.31, with a minimum of ₹4,831.01, marking the highest price levels for the year.
Financial Condition of JBM Auto: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,947 | 1,982 | 3,193 | 3,857 | 5,009 | 5,208 |
| Expenses + | 1,717 | 1,784 | 2,860 | 3,459 | 4,425 | 4,609 |
| Operating Profit | 230 | 198 | 333 | 398 | 584 | 599 |
| OPM % | 12% | 10% | 10% | 10% | 12% | 12% |
| Other Income + | 16 | 12 | 21 | 27 | 30 | 38 |
| Interest | 64 | 55 | 76 | 126 | 197 | 209 |
| Depreciation | 74 | 76 | 91 | 130 | 171 | 174 |
| Profit before tax | 108 | 78 | 187 | 170 | 246 | 253 |
| Tax % | 36% | 37% | 16% | 26% | 21% | |
| Net Profit + | 69 | 49 | 156 | 125 | 194 | 197 |
| EPS in Rs | 5.86 | 4.17 | 13.21 | 10.52 | 15.12 | 15.39 |
| Dividend Payout % | 12% | 14% | 8% | 12% | 10% |
JBM Auto’s financial performance from March 2020 to March 2024 highlights a trajectory of substantial growth and strategic advancement. Over these years, the company has significantly increased its sales, which reached ₹5,009 crore in March 2024, a remarkable rise from ₹1,947 crore in March 2020 and ₹3,857 crore in March 2023. This upward trend in sales is supported by a corresponding increase in expenses, which surged to ₹4,425 crore by March 2024 from ₹1,717 crore in March 2020. Despite this rise in expenses, JBM Auto has effectively managed its profitability, with operating profit reaching ₹584 crore and an operating profit margin of 12% in March 2024, up from 10% in previous years. The company’s profit before tax also improved, climbing to ₹246 crore in March 2024 from ₹108 crore in March 2020. Net profit followed suit, increasing to ₹194 crore, a significant jump from ₹69 crore in March 2020. Earnings per share (EPS) saw a similar positive trend, reaching ₹15.12 in March 2024 compared to ₹5.86 in March 2020, reflecting enhanced profitability and shareholder value. The dividend payout ratio for March 2024 stood at 10%, slightly lower than the previous year’s 12%, indicating a balanced approach to reinvestment and returns. Overall, JBM Auto’s financials depict a company that has adeptly scaled its operations, improved its profitability, and maintained strong financial health amidst growing expenses.
FAQs
What is the current market capitalization of JBM Auto?
JBM Auto currently boasts a market capitalization of ₹22,729 crore.
What is the current share price of JBM Auto?
As of 28th august, the share price stands at ₹1,926.
What is the projected maximum share price target for 2024?
Analysts forecast a maximum share price target of ₹2,070.80 for 2024.
What is the projected minimum share price target for 2024?
The minimum projected share price for 2024 is ₹1,714.30.
What is the projected maximum share price target for 2025?
The maximum share price target for 2025 is projected at ₹2,435.59.
What is the projected minimum share price target for 2025?
The minimum share price target for 2025 is expected to be ₹1,594.95.
What is the projected maximum share price target for 2030?
The share price is anticipated to reach a maximum of ₹6,280.31 by 2030.
What is the projected minimum share price target for 2030?
The minimum share price target for 2030 is projected at ₹4,041.89.
What is the current P/E ratio of JBM Auto?
The current P/E ratio is 125.
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Conclusion
JBM Auto Ltd. has evolved into a global leader in the automotive and electric mobility sectors, driven by innovation and sustainability. The company’s strong market position, strategic expansion, and significant orders for electric buses highlight its role in the Mobility 2.0 revolution.
The shareholding pattern shows stable promoter control and increasing institutional interest, reflecting market confidence. Projected share price growth through 2030 underscores a positive outlook, fueled by JBM’s ongoing investments in clean technology and global expansion. Overall, JBM Auto is well-positioned for continued success in the green mobility space.
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