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Jamna Auto Secures CARE AA; Stable Rating for Rs 550 Crore Bank Facilities
CARE Ratings has reaffirmed the long-term credit rating of 'CARE AA; Stable' for Jamna Auto Industries' bank facilities worth Rs 90 crore. Furthermore, the agency has assigned a new rating of 'CARE AA; Stable / CARE A1+' for additional bank facilities totaling Rs 460 crore. This rating action covers a total of Rs 550 crore in bank facilities, reflecting the company's robust financial profile and strong position in the automotive suspension market. The 'A1+' rating for short-term facilities indicates the highest degree of safety regarding timely servicing of financial obligations.
Key Highlights
CARE Ratings reaffirmed 'CARE AA; Stable' for Rs 90 crore long-term bank facilities.
Assigned 'CARE AA; Stable / CARE A1+' rating for bank facilities worth Rs 460 crore.
Total bank facilities rated by CARE Ratings now stand at Rs 550 crore.
The 'A1+' short-term rating signifies the highest level of credit quality and liquidity.
💼 Action for Investors
Investors should take confidence in the company's strong credit profile and its ability to access capital at competitive rates. This reaffirmation supports a positive outlook on the company's financial stability.
Jamna Auto to Invest ₹170 Cr in New Plant and Acquires 26% Stake in Solar Project
Jamna Auto Industries has announced a significant expansion plan with a ₹170 crore investment to set up a new parabolic spring manufacturing facility in Pithampur, Madhya Pradesh. The plant, operated through its subsidiary Jai Automotive Components, will have an annual capacity of 21,600 MT and is expected to commence production by March 2028. Additionally, the company is investing ₹81.68 lakhs for a 26% stake in a solar power project to secure renewable energy for its Yamuna Nagar unit. These strategic moves aim to meet rising demand and optimize long-term energy costs through internal accruals.
Key Highlights
Approved ₹170 crore investment for a new 21,600 MT annual capacity parabolic spring plant in Pithampur.
The expansion project will be funded entirely through internal accruals with a target completion of March 2028.
Acquiring up to 26% equity in a solar project by Fourth Partner Energy for approximately ₹81.68 lakhs.
Solar investment provides captive user status for the Yamuna Nagar unit to reduce power costs.
Board approved un-audited financial results for the quarter and nine months ended December 31, 2025.
💼 Action for Investors
Investors should monitor the execution of the ₹170 crore CAPEX as it signals management's confidence in long-term demand for parabolic springs. The shift toward captive renewable energy is a positive move for margin protection against rising power costs.
Jamna Auto Q3 FY26 Revenue up 19% YoY to ₹668 Cr; EBITDA Margins Expand to 17.5%
Jamna Auto Industries reported a robust performance for Q3 FY25-26, with revenue growing 19% YoY to ₹668 Crores and EBITDA surging 49% YoY to ₹117 Crores. The company achieved a significant margin expansion to 17.5%, up from 13.9% in the same quarter last year, driven by a recovery in the M&HCV segment and cost-optimization initiatives. Strategic progress includes the commissioning of the Adityapur plant and a new export agreement with the Stellantis Group. The management remains committed to its 'Lakshya Rise 5000' vision, targeting ₹5,000 Crores in revenue and a 50% dividend payout ratio.
Key Highlights
Revenue increased 26% QoQ and 19% YoY to ₹668 Crores, benefiting from a 24% QoQ growth in M&HCV production.
EBITDA margins expanded to 17.5% compared to 13.9% in Q3 FY25, despite a ₹12 Crore one-time provision for wage code impact.
The Adityapur Spring Plant has been commissioned, and the Indore Spring Plant is scheduled for production in Q4 FY26.
Signed a strategic export agreement with Stellantis Group to expand the international OEM footprint.
9M FY26 EBITDA stands at ₹267 Crores, representing a 20% YoY growth.
💼 Action for Investors
Investors should take note of the significant margin improvement and the successful commissioning of new capacities which position the company for higher volumes. The new partnership with Stellantis and the focus on the high-margin aftermarket segment are key long-term growth drivers.
Jamna Auto to Invest ₹170 Cr in New Plant and ₹81.6 Lakhs in Solar Power Project
Jamna Auto Industries has announced a major expansion plan to set up a new parabolic spring manufacturing facility in Pithampur, Madhya Pradesh, with an investment of ₹170 crore. The project, funded through internal accruals, will add 21,600 MT of annual capacity and is expected to commence production by March 2028. Additionally, the company is investing ₹81.67 lakhs for a 26% stake in a solar project to secure renewable energy for its Yamuna Nagar unit. These strategic moves aim to meet growing demand and optimize operational costs through green energy.
Key Highlights
Approved ₹170 crore investment for a new parabolic spring manufacturing facility in Pithampur, MP
Proposed new capacity of 21,600 MT per annum with commercial production expected by March 2028
Expansion to be funded entirely through internal accruals via wholly-owned subsidiary Jai Automotive Components
Investment of ₹81.67 lakhs for up to 26% stake in Fourth Partner Energy for captive solar power
Approved un-audited financial results for the quarter and nine months ended December 31, 2025
💼 Action for Investors
The ₹170 crore CAPEX signals strong long-term growth confidence, though the long lead time until 2028 means immediate impact will be limited. Investors should monitor the company's ability to maintain margins while funding this expansion through internal cash flows.
Jamna Auto Credit Rating Upgraded to CARE AA; Stable for Rs 90 Crore Bank Facilities
CARE Ratings Limited has upgraded the credit rating for Jamna Auto Industries Limited's long-term bank facilities from CARE AA-; Stable to CARE AA; Stable. This upgrade applies to bank facilities totaling Rs 90.00 crore as per the communication dated December 31, 2025. An upgrade in credit rating typically indicates improved financial health, better debt-servicing capability, and potential for lower borrowing costs in the future. This move reflects the rating agency's confidence in the company's stable operational performance and balance sheet strength.
Key Highlights
Long-term bank facilities rating upgraded from CARE AA- to CARE AA.
The rating outlook remains 'Stable' as per CARE Ratings Limited.
The upgrade covers bank facilities amounting to Rs 90.00 crore.
The rating revision was communicated by the agency on December 31, 2025.
💼 Action for Investors
Investors should view this upgrade as a positive indicator of the company's creditworthiness and financial discipline. No immediate action is required, but it strengthens the long-term investment case for the stock.
Jamna Auto Shareholders Approve Re-appointment of R.S. Jauhar as Chairman with 96.8% Majority
Shareholders of Jamna Auto Industries have approved the re-appointment of Mr. R. S. Jauhar as Chairman and Executive Director for a three-year term effective from January 1, 2026, to December 31, 2028. The special resolution was passed via postal ballot with 96.82% of the 227.88 million valid votes cast in favor. While the promoter group supported the move unanimously, approximately 13% of public institutional and non-institutional voters opposed the resolution. This outcome ensures leadership continuity for the company over the next three years.
Key Highlights
Mr. R. S. Jauhar re-appointed as Chairman and Executive Director for a 3-year term starting Jan 1, 2026
Resolution passed with 220,637,420 votes (96.82%) in favor and 7,240,126 votes (3.18%) against
Promoter and Promoter Group cast 173,593,834 votes, all 100% in favor of the resolution
Public institutional dissent was noted at 12.99%, while public non-institutional dissent stood at 13.92%
💼 Action for Investors
Investors should take confidence in the leadership continuity provided by this re-appointment. No immediate action is required as the company maintains its current strategic direction under established management.