JTEKT India Considering Rights Issue
By Ankur Chandra | Published at: Jul 10, 2025 05:25 PM IST
New Delhi, Jul 10: JTEKT India Ltd (NSE: JTEKTINDIA) has announced that its Board of Directors will convene on July 15, 2025, to consider a proposal for fundraising via a rights issue. This information was disclosed in the company’s latest stock exchange filing.
The company confirmed that the forthcoming meeting will focus exclusively on evaluating the various modes and terms for the proposed capital raise. If approved by the Board, the fundraising initiative will then be subject to the necessary shareholder and regulatory approvals.
What is a Rights Issue?
A rights issue is a way for a company to raise additional capital by offering its existing shareholders the opportunity to purchase new shares, typically at a price lower than the prevailing market value. This offer is usually made in proportion to their existing shareholding. For example, a “1:5 rights issue” means shareholders can buy one new share for every five shares they currently own.
Key Board Meeting Details
| Particulars | Details |
|---|---|
| Meeting Type | Board Meeting |
| Date of Meeting | July 15, 2025 |
| Agenda | Fundraising proposal |
| Proposed Mode | Rights Issue |
| Type of Intimation | New |
Stock Performance
As of 10 July’s market session, the shares of JTEKT India Ltd (NSE: JTEKTINDIA) closed at ₹147.00, marking a sharp gain of ₹7.93 or 5.70% over the previous close of ₹139.07.
The stock touched an intraday high of ₹148.80 and a low of ₹137.53, with a trading volume of 3.61 lakh shares and a traded value of ₹5.14 crore. The 52-week high stands at ₹222.00 (as on July 9, 2024), and the 52-week low is ₹106.06 (as on March 3, 2025).
The stock’s total market capitalisation is reported at ₹3,737.92 crore, with a free float market cap of ₹870.54 crore. The adjusted P/E ratio is 47.33, indicating a premium valuation within the Auto Components & Equipment sector.
Financial Snapshot
For the fiscal year ending March 2025, JTEKT India Ltd. reported a total revenue of ₹2,409.01 crore, showing a 6.74% year-on-year growth. However, the profit after tax (PAT) for the same period stood at ₹75.26 crore, which was a decrease of 29.57% compared to the previous fiscal year. The company’s operating profit margin was 4.66%, and the net profit margin was 3.13% for FY25. As of March 2025, the company’s Net Worth was ₹879.88 crore, with a relatively low debt-to-equity ratio of 0.13, indicating a strong financial position. The company has a high promoter holding of 74.98%, with FIIs holding 0.45% and DIIs holding 9.3%.
About the Company
JTEKT India Ltd, listed on NSE and BSE, is a part of the global JTEKT Corporation of Japan. The company is a prominent manufacturer of steering systems, driveline components (like axle assemblies and propeller shafts), bearings, and machine tools. It primarily caters to the automotive and industrial sectors in India, serving major OEMs such as Maruti Suzuki, Toyota, Honda, Tata Motors, and Mahindra & Mahindra. The company operates multiple manufacturing facilities across India.
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