JTEKT India Ltd
NSE:JTEKTINDIA

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JTEKT India Ltd Logo
JTEKT India Ltd
NSE:JTEKTINDIA
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Price: 141.44 INR -1.47% Market Closed
Market Cap: 39.2B INR

JTEKT India Ltd
Investor Relations

JTEKT India Ltd. engages in manufacturing steering systems and other auto components for the passenger car and utility vehicle manufacturers in the automobile sector. The company is headquartered in Gurgaon, Haryana. The firm is a manufacturer of rack and pinion steering systems, hydraulic power steering (HPS) systems and driveline products. The company also manufactures column-type electric power steering (CEPS) and manual steering gear (MS). The Company’s products are there in various fields, including wind power generation, railway, aeronautics, steel and semiconductor production facilities. The company also has product lines for machine tools, sensors and high heat-resistant lithium-ion capacitors. The firm also exports its products to the United States, Europe and Japan.

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JTEKTINDIA
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 18, 2025
AI Summary
Q2 2026

Sales Growth: JTEKT India posted 5.6% sales growth in H1 FY25-26, outpacing the broader passenger vehicle market's 1.6% increase.

Margins: EBITDA margin improved to 7.2% in Q2, up from 5.3% in Q1, but H1 margin of 6.3% is lower than last year's 7.6%, mainly due to higher employee and material costs and an unfavorable product mix.

CapEx Progress: Major capacity expansions are underway, with new production lines for manual gear and electric power steering operational; a new Gujarat facility is on track for early 2028 completion.

Exports Outlook: Export sales are currently subdued but expected to rise significantly with a new order from Brazil expected to start next year, potentially increasing export contribution to 8–10% of sales.

Margin Recovery Expected: Management expects temporary margin pressures to ease over the next 2-3 quarters as new products ramp up, exports resume, and fixed cost absorption improves.

Rights Issue: The recent rights issue was oversubscribed, with strong support from promoters and public shareholders.

Guidance: Management is positive about H2 growth, citing new model launches and improving market conditions.

Key Financials
Sales Growth
5.6%
EBITDA Margin (Q2)
7.2%
EBITDA Margin (H1)
6.3%
CapEx (H1)
INR 118 crores
Cash Generation (H1)
INR 72 crores
Long-term Borrowings Change
INR 76 crores increase
Debt-Equity Ratio
0.23
Rights Issue Proceeds Allocated to Gujarat Facility
INR 114 crores (out of INR 249 crores)
Manual Gear Production Capacity
Increased from 28 lakh to 32 lakh units
CPS (Electric Power Steering) Capacity
Increased from 10 lakh to 15 lakh units
CVJ (Constant Velocity Joint) Capacity
To increase from 3.7-4 lakh to 7.5-8 lakh units soon
Passenger Car Sales (Sep-Oct 2025)
9.3 lakh units
Exports Share of Sales
2% currently (previously 4%)
Sales Breakdown – Maruti Suzuki
56%
Sales Breakdown – Toyota
12%
Sales Breakdown – Mahindra & Mahindra
8%
Sales Breakdown – Honda
5%
Other Earnings Calls

Management

Mr. Hitoshi Mogi
Executive Chairman & MD
No Bio Available
Mr. Rajiv Chanana
CFO & Director
No Bio Available
Mr. Minoru Sugisawa
Senior VP & Additional Whole-time Director
No Bio Available
Mr. Masaru Takahashi
Senior Vice President
No Bio Available

Contacts

Address
HARYANA
Gurgaon
M3M Cosmopolitan,, 1st Floor Sector-66,Ram Garh Road,, Adjacent to Golf Course Extension Road,
Contacts
+911244783100
www.jtekt.co.in