JBM Auto Ltd delivered over 200% returns in just a year

JBM Auto Limited has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price surged from Rs 533.90 on January 09, 2023, to Rs 1,879.85 on January 08, 2023, representing an increase of over 200% in the last one year.

An investment of Rs 1 lakh in this company’s shares one year ago would have grown to Rs 2 lakh today.

Financial Performance

JBM Auto Limited reported a robust second quarter for FY24, with net sales increased by 19.6% to Rs 1,231.01 crore, compared to Rs 1,029.24 crore in the same quarter last year. The company’s PBIDT (Excl OI) experienced a significant increase of 37.53%. The net profit for the quarter stood at Rs 46.98 crore, which was Rs 37.80 crore in the previous year’s same quarter, representing an increase of over 24.29%.

Business Overview

JBM Auto Limited is in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including the sale of spare parts, accessories and maintenance contracts for Buses. The company has a complete end-to-end well-to-wheel solution-based enterprise in the mobility space and has a strong presence across auto-components, tooling, and the complete ecosystem for Buses.

The Indian automotive industry is worth more than USD 222 billion, contributing 8% to total exports and accounting for 7.1% of GDP and 49% of manufacturing GDP.

Stock Price Movement

Today, the stock opened at Rs 1,701.15, with a high and low of Rs 1,924.85 and Rs 1,701.15, respectively. The stock is currently trading at Rs 1,874.45, which increased by 10.29%. The stock has a 52-week high of Rs 1,924.85 and a 52-week low of Rs 482.20.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.