Small-Cap EV Company Secures Rs 1,800 Crore O&M Order for 343 Electric Buses for Ahmedabad BRTS
The company’s shares have delivered an impressive return of over 260 per cent in the past 2 years.
Incorporated in 1983, JBM Auto Ltd operates in the automotive sector, manufacturing and selling sheet metal components, tools, dies, molds, and buses, along with spare parts, accessories, and maintenance services. Its subsidiary, JBM Ecolife Mobility Private Ltd, has secured a significant contract to act as a bus operator for the procurement, operation, and maintenance of 343 electric buses.
These buses will be deployed for the Ahmedabad Bus Rapid Transit System (BRTS) and Ahmedabad Municipal Transport Service, under the Gross Cost Contracting (GCC) model. Additionally, the contract extends to providing services for leading corporate clients. The project is valued at approximately Rs 1,800 crore and is set to be executed within one year.
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Share Performance
Currently, the shares of JBM Auto Ltd are trading at around Rs 1665.50 per share on the BSE. The current market capitalization stands at Rs 19,695 crore. The company’s shares have delivered a multibagger return of around 1,300 per cent in the past 5 years.
Financial Performance
As per the Quarterly Results in September 2024, JBM Auto Ltd reported revenue of Rs 1286 crore compared to Rs 1231 crore. The company posted an operating profit of Rs 158 crore with a margin of around 12 per cent compared to Rs 140 crore with a margin of around 11 per cent. The company reported a net profit of around Rs 53 crore compared to Rs 49 crore, representing a growth YoY.
Disclaimer: The article is for informational purposes only and not investment advice.