| Stake Transferred | 31.55%Via Transmission |
|---|---|
| Market Cap | ₹215.73 CrSmall Cap |
| PE Ratio | 7.26Industry: 40.43 |
| Piotroski Score | 8Strong Financials |
Key highlights
- Shuchi Arora acquired 72,06,400 equity shares via transmission following the demise of Santosh Sondhi
- The acquisition increases her individual shareholding from 8.18% to 39.73%
- The transaction was executed under the exemption provided by SEBI SAST Regulation 10(1)(g)
- Jullundur Motor Agency reported a TTM net profit of ₹29.71 crore with 15.38% annual growth
- The company maintains a high Piotroski Score of 8, indicating strong financial health
Details of the Share Transmission
Jullundur Motor Agency (Delhi) Limited has formally notified the National Stock Exchange regarding a major change in its promoter shareholding registry. Smt. Shuchi Arora, an existing promoter and daughter of the late Santosh Sondhi, has officially acquired 72,06,400 equity shares through transmission.
This movement, finalized on June 19, 2026, represents a 31.55% stake in the company. The transfer was conducted in accordance with Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption for acquisitions occurring through inheritance or succession, ensuring no open offer was required for this transition.
Impact on Ownership Structure
- Shuchi Arora's individual holding has risen significantly from 18,67,311 shares (8.18%) to 90,73,711 shares (39.73%).
- The transferor, Late Santosh Sondhi, previously held the 31.55% stake which has now been fully liquidated through this legal transmission.
- Total promoter group holding remains consistent at 51%, with the transaction essentially being an intra-promoter shift.
- The consolidation places a significant majority of the promoter-held shares under the direct control of Shuchi Arora.
- The filing confirms the acquisition was made at no cost as part of the transmission process from the deceased holder.
Business and Industry Context
Founded in 1927, Jullundur Motor Agency is one of India's oldest and most established distributors of automotive parts and accessories. The company serves as a critical distribution partner for major Tier-1 automotive suppliers including the TVS Group, Rane Group, and Brakes India. Operating primarily in the aftermarket segment, JMA manages an extensive network across Northern and Central India, catering to commercial vehicles, passenger cars, and tractors.
The automotive components industry in India has seen steady growth, and JMA's position as a diversified distributor allows it to leverage the increasing vehicle population and demand for genuine replacement parts.
Financial Performance and Valuation
The company exhibits strong fundamental metrics, including a high Durability Score of 80 and a Momentum Score of 63.99. For the fiscal year ending March 2026, JMA reported annual operating revenue of ₹621.9 crore, marking a 11.89% year-on-year increase. Net profits followed a similar upward trajectory, growing 15.38% to reach ₹29.71 crore.
From a valuation perspective, the stock appears conservatively priced with a TTM Price-to-Earnings ratio of 7.26, a substantial discount compared to the industry average of 40.43. Additionally, a Price-to-Book value of 0.79 suggests the stock is trading below its intrinsic book value.
| Share price | ₹94.45 |
|---|---|
| Market capitalisation | ₹215.73 Cr |
| Revenue (annual) | ₹621.90 Cr |
| Net profit (annual) | ₹29.71 Cr |
| Revenue (latest quarter) | ₹172.63 Cr+2.40% vs previous quarter |
| Net profit (latest quarter) | ₹9.56 Cr+8.85% vs previous quarter |
| P/E (TTM) | 7.26×Sector 32.26× |
| Promoter holding | 51%0.00% QoQ |
| FII holding | 0.05%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jullundur Motor Agency (Delhi) Limited announcing the acquisition of shares by promoter Shuchi Arora via transmission. Market figures from a third-party data provider.
