Nishant Arya, executive director, Jai Bharat Maruti, says the company's subsidiary Jai Bharat Auto will post 20 percent growth in FY15.
Margins are definitely under pressure since the auto industry hasn't been doing well but we have always been coming out with a different measures with which we can give stakeholder value
Nishant Arya, executive director, Jai Bharat Maruti shares his views on the company's performance and his expectation for FY15.
Below is the transcript of Nishant Arya's interview with Nigel D'Souza and Reema Tendulkar on CNBC-TV18.
Reema: We have seen some recovery in the auto sales picture. The data that Society of Indian Automobile Manufacturers (SIAM) has released indicated that monthly sales in May have gone up by 13 percent on a year-on-year (Y-o-Y) basis. You have a collaboration with Maruti Suzuki, so can you tell us for your company has there been an improvement and if yes, what is the outlook looking for FY15 in terms of financials?
A: This year would be quite interesting and it will be having good growth especially in the second half of the year and the economy would come back on track with the new government in having a lot of focus with the Budget also. We have a lot of expectations as yet. So it is a good year for us and we should see a growth of at least close to about 10 percent in Jay Bharat Maruti Ltd.
Also read: Passenger car demand fine in FY15, CV sales a worry: SIAM
Nigel: Over the last few years itself you have been doing 10 percent, so given that it is going to be a better year, don't you think you should do a little better than that?
A: In the first half, the economy would at least try to get back on track. So second half of the year is only available to us. So with that happening, we will see close to 10 percent growth only for Jay Bharat Maruti but if you talk about JBM auto , our other listed company, that is going to have comparatively more growth and in that company this year also we have about 17 percent growth year-on-year (Y-o-Y), so we will continue close to about 20 percent growth in the next year also.
Reema: How are margins looking like for Jay Bharat Maruti this year?
A: Margins are definitely under pressure since the auto industry hasn't been doing well but we have always been coming out with a different measures with which we can give stakeholder value and value added, value engineering activities or cost control activities or enhancing value to our customers has been our focus so with that we are contributing to the customers requirements and seeing how are we enhancing our value.
JBM Auto Comp stock price
On June 11, 2014, JBM Auto Components closed at Rs 266.85, up Rs 5.95, or 2.28 percent. The 52-week high of the share was Rs 271.90 and the 52-week low was Rs 39.00.
The company's trailing 12-month (TTM) EPS was at Rs 23.84 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 11.19. The latest book value of the company is Rs 136.71 per share. At current value, the price-to-book value of the company is 1.95.
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