Guest Amit Gupta highlighted Jamna Auto as an undervalued commercial vehicle auto ancillary play benefiting from shift to parabolic springs and potential EU FTA

Mon 12 Oct 2026

PAT growth last two quarters

more than 30 percent

Market share in parabolic springs

85 percent

Valuation

18x FY28 earnings

Heard on business television between 15:04:13 - 15:07:13 IST.

• Jamna Auto has been stagnant for three-four years but posted over 30% PAT growth combined over the last two quarters.
• Market is shifting from leaf springs to parabolic springs, which have less friction and lower weight.
• Jamna Auto has about 85% market share in parabolic springs.
• A pending India-Europe FTA, if concluded in FY27, could benefit Jamna Auto given its existing ties with Volvo and Daimler in Europe.
• Stock trades at 18x FY28 earnings, seen as attractive given growth prospects.

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