JBM Auto Declares Record Date for 1:2 Stock Split; Check Out

JBM Auto, a leading manufacturer of electric buses and vehicles, has announced a stock split, reducing the face value of its equity shares. JBM Auto has set January 31, 2025, as the record date for its 1:2 stock split, reducing the face value of its equity shares from ₹2 to ₹1 each. Known for its consistent track record of dividends, bonuses, and stock splits over the past two decades.

Record Date Announcement

The company has designated Friday, January 31, 2025, as the record date. This will determine the eligibility of members entitled to benefit from the upcoming adjustment in the equity share structure. 

Details of Equity Share Subdivision  

As part of this initiative, the equity shares of the company will undergo a subdivision. The face value of each fully paid-up share will be reduced from ₹2/- to ₹1/-, reflecting the revised structure.

About JBM Auto 

JBM Auto, part of the JBM Group, manufactures sheet metal components, tools, dies, buses, and spare parts, serving sectors like automobiles and white goods. With operations across three divisions and manufacturing hubs near major automotive centres, it supports innovation and maintenance solutions globally.

JBM Auto Share Performance 

As of January 13, 2025, at 11:05 AM, JBM Auto Limited’s shares are trading at ₹1,423.90, reflecting a decline of 2.83% from the previous day’s closing price. Over the past month, the stock has experienced a significant drop of 19.25%. Additionally, the stock has decreased by 7.88% over the past year.

JBM Auto Ltd. Financial Overview

As of January 13, 2025, JBM Auto Ltd. has a market capitalisation of ₹168.59 billion, The company has a price-to-earnings (P/E) ratio of 90.12 showing a higher premium being paid on it which can be either for overvaluation or growth prospects.. Additionally, JBM Auto offers a dividend yield of 0.11%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.