Auto stocks · Micro cap · NSE
Jamna Auto Industries Ltd. is India's pioneer and market leader in automotive suspension solutions, offering leaf springs, parabolic springs, lift axles, and suspension systems. It serves major OEMs and has a pan-India aftermarket network, expanding its global footprint with 10 manufacturing locations.
SMA20 +12.2% / mo · MACD −
Latest mapped FPI equity flow was not positive. View sector evidence
Adjusted completed-session prices, rebased to 100
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +6.6% · PAT +6.5% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +7% YoY · PAT +7% YoY · margin expansion
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹611 Cr | +6.6% | -27.3% |
| EBITDA | ₹85 Cr | +11.8% | -38.0% |
| Operating margin | 14.0% | +100 bps | -200 bps |
| PAT | ₹49 Cr | +6.5% | -43.7% |
| PAT margin | 8.0% | -1 bps | -234 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 19/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term uptrend intact. RSI 51. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Jamna Auto reported its strongest-ever Q4 FY26 performance with record revenue of INR 840 Cr, up 32% YoY and 26% QoQ, and PBT of INR 116 Cr, up 61% YoY and 40% QoQ, driven by M&HCV/LCV recovery and aftermarket momentum.
The company delivered record quarterly and full-year performance, driven by broad-based recovery in M&HCV and LCV segments, coupled with strong aftermarket momentum. Strategic initiatives like new capacity commissioning, export expansion, and new product launches are progressing, supporting the 'Lakshya RISE 5000' long-term growth trajectory.
Latest issuer-disclosed distribution across 2 reported categories.
Performance driven by a broad-based recovery across the M&HCV and LCV segments.
Strong aftermarket momentum supported the performance, with allied products share expanding to 8% of the portfolio.
Launched Slipper Suspension & Drop Axle, started supply to Ashok Leyland. Commenced Stabilizer Bar supply to Mahindra & Mahindra Ltd.
Commenced Exports to Global Players Like Stellantis, expanding global footprint to 17 countries.
Commissioned New Capacities: Adityapur (Parabolic Spring) and Indore (Leaf Spring and U Bolt).
Established Pan-India trailer suspension service network with 29 Authorised Service Centre's and a dedicated Training Centre.
Q4 FY26 M&HCV Production increased 26% YoY and 29% QoQ, indicating strong industry demand.
Q4 FY26 LCV Production increased 16% YoY and 19% QoQ, contributing to overall volume growth.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Q4 FY26 results show strong sequential momentum (QoQ) in revenue and profitability, indicating robust operational execution. The significant YoY growth also reflects a strong recovery and improved market conditions compared to the previous year, making both comparisons relevant.
Q4 FY25-26 Net Sales: 840 Cr (26% QoQ, 32% YoY)
Q4 FY25-26 EBITDA: 138 Cr (31% QoQ, 62% YoY)
Q4 FY25-26 PBT: 116 Cr (40% QoQ, 61% YoY)
Q4 FY26 vs Q4 FY25: 26% Increase; Q4 FY26 vs Q3 FY26: 29% Increase
Target is to achieve Rs. 5,000 crores Revenue, New Markets (Indian After Market +Export) to be 40% of Revenue, deliver 40% ROCE and 50% Dividend payout.
Deepening our focus on New Markets (Indian After Market +Export) to maintain steady performance in all macro environments.
Establishing New Facilities for integrated suspension system plant including in-house manufacturing of Axle & Rubber.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | Q4 FY26 Revenue: 840 Cr | Progress towards Lakshya RISE 5000 target of Rs. 5,000 Cr revenue. |
| New Markets Contribution | Aftermarket India Allied Products: 8% of portfolio | New Markets (Indian After Market +Export) reaching 40% of total revenue. |
| Return on Capital Employed (ROCE) | Not explicitly stated for Q4/FY26 | Achieving 40% Return on Capital Employed (ROCE). |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 100th percentile of the scored universe and 100th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Auto: 100th pctile, median 74 · Micro: 100th pctile, median 73
82 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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