JBM Buses

Gurugram, India Founded: 1983 • Age: 43 yrs Listed Fortune India 500 · #429
Manufactures electric buses and provides EV ecosystem solutions for transport and energy needs.

About JBM Buses

JBM Buses is a publicly listed company based in Gurugram (India) founded in 1983. It manufactures electric buses and provides EV ecosystem solutions for transport and energy needs. It operates on a B2B and B2G model in Transportation, Automotive & Logistics and Chemicals & Materials sectors. The company has 915 employees. Its Indian entity Jbm Auto Limited reported revenue of ₹6,227 Cr. JBM Buses offers products and services including Electric Buses, Charging Infrastructure, EV Aggregates, and Li-ion Batteries. Its focus areas include Transportation, E-Mobility Tech, Electric Vehicles and Buses. Similar companies include Mahindra Last Mile Mobility, SML Isuzu and Olectra; 1 of its 3 listed similar companies has raised funding.

Company details

JBM Group focuses on electric vehicles, delivering a comprehensive EV ecosystem including buses, charging stations, and batteries. They develop innovative, zero-emission solutions for public and commercial transport, emphasizing safety, comfort, and sustainability. Based in Gurgaon, India, they serve government and business clients through B2G and B2B models, promoting green mobility and reducing carbon emissions across various geographies.

JBM Buses is ranked #429 on the Fortune India 500 (2025).

Recognitions & Rankings of JBM Buses

Fortune India 500 2025 edition
Rank#429
Total income
₹5,495 Cr
Profit
₹202 Cr
Last year #403
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#289
Valuation
₹19,150 Cr
2023 #270
  • Headquarters Gurugram, India
  • Employees 915
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Chemicals & Materials
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website jbmbuses.com
  • Social X Facebook
  • Legal Name Jbm Auto Ltd.
  • Date of Incorporation 05 Nov, 1996
  • Jurisdiction Faridabad, Haryana, India
Key Metrics
  • Market Cap
    ₹11,989 Cr

    JBMA · NSE

  • Share Price
    ₹487.15

    -3.91% today

  • Revenue
    ₹6,088 Cr

    FY 2025-26 · +11.3% YoY

  • EBITDA
    ₹663 Cr

    Margin 10.9%

  • Net Profit
    ₹227 Cr

    FY 2025-26 · +12.2% YoY

  • P/E (TTM)
    52.4x

    P/B 7.9x

  • ROE
    16.5%

    ROCE 14.6%

  • Debt / Equity
    1.92

    Interest cover 65.0x

  • Employee Count
    915

Products & Services of JBM Buses

JBM Buses offers a comprehensive portfolio of products and services, including Electric Buses, Charging Infrastructure, EV Aggregates, and Li-ion Batteries.

Electric Buses
Public Transport

Zero-emission buses for city and intercity use, promoting sustainable mobility.

Charging Infrastructure
EV Support

Systems for charging electric vehicles to enable green transportation networks.

EV Aggregates
Vehicle Components

Parts for electric vehicles to enhance performance and efficiency.

Li-ion Batteries
Energy Storage

Batteries for EVs that support long-range and reliable operations.

Board of directors of Jbm Auto Limited (JBM Buses)

Jbm Auto Limited is the primary company behind JBM Buses. The board of Jbm Auto Limited currently have 6 directors; the longest-serving is Surendra Kumar Arya, appointed in 2000. 12 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Surendra Kumar Arya
DIN 00004626
Director01 Aug 200026 yrs 2 moJbm Auto Limited
Nishant Arya
DIN 00004954
Managing Director30 Jul 200917 yrs 2 moJbm Auto Limited
Pravin Tripathi
DIN 06913463
Director04 Sep 20179 yrs 1 moJbm Auto Limited
Praveen Kumar Tripathi
DIN 02167497
Director11 Jul 20197 yrs 3 moJbm Auto Limited
Dhiraj Mohan
DIN 07224934
Whole-time director05 Nov 20223 yrs 11 moJbm Auto Limited
Valipe Ramgopal Rao
DIN 03279702
Director05 Nov 20223 yrs 11 moJbm Auto Limited

IPO & Listings of JBM Buses

JBM Buses is a publicly listed company on the NSE with ticker symbol JBMA in India, operating in the Auto Ancillaries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: JBMA
  • Listed entityJbm Auto Limited
  • Exchange sectorAuto Ancillaries

Financials of JBM Buses

Exchange-reported figures of Jbm Auto Limited, the listed company behind JBM Buses (NSE: JBMA).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹6,088 Cr
+11.3% YoY
EBITDA
₹663 Cr
+3.5% YoY
Profit After Tax
₹227 Cr
+12.2% YoY
Net Worth
₹1,538 Cr
+13.9% YoY
Total Assets
₹4,787 Cr
+21.6% YoY
Total Debt
₹3,029 Cr
+20.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6,0885,4725,0093,8573,1931,9821,947
Revenue growth+11.3%+9.2%+29.9%+20.8%+61.1%+1.8%-
EBITDA663641584398333197230
EBITDA margin+10.9%+11.7%+11.7%+10.3%+10.4%+10.0%+11.8%
Profit before tax31027324617018778.04108
Net profit22720217512415649.5468.93
Net profit margin+3.7%+3.7%+3.5%+3.2%+4.9%+2.5%+3.5%
EPS (₹)9.258.5415.1210.5213.2110.4214.63
Balance sheet
Total assets4,7873,9363,3642,7582,3051,6071,352
Net worth1,5381,3511,1681,030896746704
Total debt3,0292,5052,1271,7031,388845627
Cash & bank13019466.9144.7434.6118.4222.48
Net working capital2,5491,5011,239880867367393
Cash flow
Cash from operations(59.86)394205484(142)216370
Cash from investing(264)(556)(443)(646)(295)(363)(123)
Cash from financing314224248159454140(236)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4421,8521,6141,3681,2541,6461,3961,286
Revenue growth (YoY)+15.0%+12.6%+15.6%+6.4%+9.6%---
Other income31.4930.2030.2138.8040.1516.6217.829.74
EBITDA155229163150120185168158
EBITDA margin+10.8%+12.4%+10.1%+11.0%+9.6%+11.2%+12.0%+12.3%
Depreciation44.0443.1942.4344.2843.9744.1544.4643.45
Interest82.8810873.8270.4365.7766.9968.4859.54
Profit before tax60.0210877.4574.3950.5590.4972.7564.92
Tax15.7624.0717.4619.1711.5118.4616.3012.31
Net profit44.2683.8259.9955.2239.0472.0356.4552.61
EPS (₹)1.783.142.332.231.562.814.462.09
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,4024,7784,2443,7493,1681,9661,947
Revenue growth+13.1%+12.6%+13.2%+18.3%+61.2%+1.0%-
EBITDA415398299338324201230
EBITDA margin+7.7%+8.3%+7.0%+9.0%+10.2%+10.2%+11.8%
Profit before tax19618082.1216618882.05107
Net profit13713356.8612115653.1969.18
Net profit margin+2.5%+2.8%+1.3%+3.2%+4.9%+2.7%+3.6%
EPS (₹)6.265.675.1410.2913.2711.1914.69
Balance sheet
Total assets2,9732,4492,3282,3131,9991,5991,346
Net worth1,2871,1601,0451,000891742698
Total debt1,6541,2651,2561,2901,090842627
Cash & bank10116038.6323.4727.4717.4222.43
Net working capital1,3171,0018741,089858562393
Cash flow
Cash from operations(32.55)31448961.7732.1413.71370
Cash from investing(153)(146)(311)(141)(186)(159)(123)
Cash from financing202(111)(184)68.48166138(236)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,3561,6861,2791,2031,2341,3461,2771,100
Revenue growth (YoY)+9.8%+25.2%+0.1%+9.4%+17.1%---
Other income4.2911.0926.4819.738.4115.9016.3618.79
Total expenses1,2471,5761,1841,0921,1351,2351,1751,013
EBITDA10910995.3011199.0011110286.87
EBITDA margin+8.0%+6.5%+7.5%+9.2%+8.0%+8.3%+8.0%+7.9%
Depreciation28.8028.7229.3228.0428.0728.8329.3828.59
Interest40.1146.1446.2742.0436.1944.0347.7838.28
Profit before tax43.9545.6846.1960.5543.1554.2941.6338.79
Tax12.1114.336.6415.4711.0515.0011.288.37

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4421,8521,6141,3681,2541,6461,3961,286
Revenue growth (YoY)+15.0%+12.6%+15.6%+6.4%+9.6%---
Other income31.4930.2030.2138.8040.1516.6217.829.74
EBITDA155229163150120185168158
EBITDA margin+10.8%+12.4%+10.1%+11.0%+9.6%+11.2%+12.0%+12.3%
Depreciation44.0443.1942.4344.2843.9744.1544.4643.45
Interest82.8810873.8270.4365.7766.9968.4859.54
Profit before tax60.0210877.4574.3950.5590.4972.7564.92
Tax15.7624.0717.4619.1711.5118.4616.3012.31
Net profit44.2683.8259.9955.2239.0472.0356.4552.61
EPS (₹)1.783.142.332.231.562.814.462.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6,0885,4725,0093,8573,1931,9821,947
Revenue growth+11.3%+9.2%+29.9%+20.8%+61.1%+1.8%-
Other income13953.5830.4127.3120.9911.9715.58
Total expenses5,4254,8314,4253,4592,8601,7851,717
Employee cost600553481412321205204
EBITDA663641584398333197230
EBITDA margin+10.9%+11.7%+11.7%+10.3%+10.4%+10.0%+11.8%
Depreciation17417517113091.4375.7373.85
Interest31824719712675.7155.3864.27
Profit before tax31027324617018778.04108
Tax72.2058.5652.3744.4030.6628.7638.43
Net profit22720217512415649.5468.93
Net profit margin+3.7%+3.7%+3.5%+3.2%+4.9%+2.5%+3.5%
EPS (₹)9.258.5415.1210.5213.2110.4214.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.6523.6523.6523.6523.6523.6523.65
Reserves & surplus1,5151,3271,1441,003870722680
Shareholders' funds (net worth)1,5381,3511,1681,030896746704
Minority interest53.4735.6424.411.070.290.000.00
Secured loans2,4711,9791,6021,287958590457
Unsecured loans557525525417431255170
Total debt3,0292,5052,1271,7031,388845627
Total liabilities4,7873,9363,3642,7582,3051,6071,352
Assets
Gross block2,6342,6322,4802,1281,6621,2861,143
Net block1,6061,7201,7291,5401,213930861
Capital work in progress17272.8113126818030089.99
Investments40994.3579.3774.4248.6854.2953.81
Inventories518610744424413362296
Sundry debtors2,1851,007670469580496495
Cash & bank balances13019466.9144.7434.6118.4222.48
Loans & advances2,2171,4971,146633668245149
Total current assets5,0503,3082,6271,5711,6961,122962
Total current liabilities2,5011,8081,388690829755569
Net working capital2,5491,5011,239880867367393
Total assets4,7873,9363,3642,7582,3051,6071,352
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10138.6929.0331.3614.9721.9310.78
Net cash from operating activities(59.86)394205484(142)216370
Net cash from investing activities(264)(556)(443)(646)(295)(363)(123)
Net cash from financing activities314224248159454140(236)
Net change in cash(9.90)62.039.66(2.33)16.39(6.96)11.15
Closing cash13019466.9144.7434.6118.4222.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.3%+9.2%+29.9%+20.8%+61.1%+1.8%-
EBITDA growth+3.5%+9.8%+46.6%+19.5%+69.0%-14.3%-
PBT growth+13.6%+11.0%+45.2%-9.4%+139.7%-27.5%-28.4%
Net income growth+12.2%+15.9%+40.6%-20.3%+214.4%-28.1%-
Revenue CAGR (3Y)+16.4%+19.7%+36.2%+25.6%+13.1%+6.7%+9.1%
EBITDA CAGR (3Y)+18.6%+24.4%+43.6%+20.1%+9.0%-1.1%+11.8%
Profitability & leverage
Net income margin+3.9%+3.9%+3.9%+3.2%+4.9%+2.5%+3.6%
Return on capital employed+14.6%+14.4%+14.5%+11.7%+13.4%+9.0%+12.3%
Return on net worth+16.5%+17.1%+17.6%+13.0%+19.1%+6.8%+10.3%
Debt / equity1.921.841.741.611.361.021.04
Long-term debt / equity0.860.760.610.600.440.290.39
Interest cover65.0052.9347.7046.9231.3145.6041.11
Efficiency & per share
Fixed asset turnover2.312.142.172.042.171.631.78
Inventory turnover10.798.088.589.218.236.036.65
Debtors turnover3.816.528.797.355.944.003.53
EPS (₹)9.258.5415.1210.5213.2110.4214.63
Dividend per share (₹)0.850.851.501.301.001.501.75
Book value per share (₹)65.0457.1198.7586.8675.57157.64148.74
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,3561,6861,2791,2031,2341,3461,2771,100
Revenue growth (YoY)+9.8%+25.2%+0.1%+9.4%+17.1%---
Other income4.2911.0926.4819.738.4115.9016.3618.79
Total expenses1,2471,5761,1841,0921,1351,2351,1751,013
EBITDA10910995.3011199.0011110286.87
EBITDA margin+8.0%+6.5%+7.5%+9.2%+8.0%+8.3%+8.0%+7.9%
Depreciation28.8028.7229.3228.0428.0728.8329.3828.59
Interest40.1146.1446.2742.0436.1944.0347.7838.28
Profit before tax43.9545.6846.1960.5543.1554.2941.6338.79
Tax12.1114.336.6415.4711.0515.0011.288.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,4024,7784,2443,7493,1681,9661,947
Revenue growth+13.1%+12.6%+13.2%+18.3%+61.2%+1.0%-
Other income65.7159.8526.7337.9024.2313.0215.41
Total expenses4,9874,3793,9453,4112,8441,7641,717
Employee cost428405372375311201204
EBITDA415398299338324201230
EBITDA margin+7.7%+8.3%+7.0%+9.0%+10.2%+10.2%+11.8%
Depreciation11411510910085.2075.5673.85
Interest17116313410975.3656.6464.27
Profit before tax19618082.1216618882.05107
Tax47.4945.9021.3044.3330.6629.1338.01
Net profit13713356.8612115653.1969.18
Net profit margin+2.5%+2.8%+1.3%+3.2%+4.9%+2.7%+3.6%
EPS (₹)6.265.675.1410.2913.2711.1914.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.6523.6523.6523.6523.6523.6523.65
Reserves & surplus1,2641,1361,021977867718674
Shareholders' funds (net worth)1,2871,1601,0451,000891742698
Secured loans1,191838925913694590457
Unsecured loans462428331377396251170
Total debt1,6541,2651,2561,2901,090842627
Total liabilities2,9732,4492,3282,3131,9991,5991,346
Assets
Gross block1,7811,7131,6021,5151,3621,2251,143
Net block924967959979925871861
Capital work in progress11612.1371.7710.3749.7010889.99
Investments62630030022915276.0047.66
Inventories459550636405404354296
Sundry debtors1,942977736808619711495
Cash & bank balances10116038.6323.4727.4717.4222.43
Loans & advances227242333506614228149
Total current assets2,7281,9301,7441,7421,6641,310962
Total current liabilities1,412928869653806748569
Net working capital1,3171,0018741,089858562393
Total assets2,9732,4492,3282,3131,9991,5991,346
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash67.3210.6415.8226.8714.8721.8810.78
Net cash from operating activities(32.55)31448961.7732.1413.71370
Net cash from investing activities(153)(146)(311)(141)(186)(159)(123)
Net cash from financing activities202(111)(184)68.48166138(236)
Net change in cash16.1156.68(5.18)(11.05)12.00(7.01)11.10
Closing cash10116038.6323.4727.4717.4222.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+13.1%+12.6%+13.2%+18.3%+61.2%+1.0%-
EBITDA growth+4.2%+33.2%-11.5%+4.3%+61.0%-12.6%-
PBT growth+8.7%+119.1%-50.5%-11.5%+128.6%-23.7%-27.5%
Net income growth+3.2%+133.2%-53.2%-22.4%+194.1%-23.1%-
Revenue CAGR (3Y)+12.9%+14.7%+29.2%+24.4%+12.8%+36.9%+40.8%
EBITDA CAGR (3Y)+7.1%+7.1%+14.1%+13.6%+7.9%+31.4%+44.4%
Profitability & leverage
Net income margin+2.7%+2.8%+1.4%+3.2%+5.0%+2.7%+3.6%
Return on capital employed+13.5%+14.4%+9.3%+12.8%+14.6%+9.4%+12.3%
Return on net worth+12.1%+12.2%+6.0%+12.9%+19.2%+7.4%+10.4%
Debt / equity1.191.141.251.261.181.021.05
Long-term debt / equity0.400.300.240.270.280.300.32
Interest cover56.7957.5670.7646.0631.5745.0741.11
Efficiency & per share
Fixed asset turnover3.092.882.722.612.451.661.78
Inventory turnover10.718.068.169.278.356.056.65
Debtors turnover3.705.585.505.264.773.263.53
EPS (₹)6.265.675.1410.2913.2711.1914.69
Dividend per share (₹)0.850.851.501.301.001.501.75
Book value per share (₹)54.4449.0588.3684.5975.32156.85147.51

Similar companies to JBM Buses

JBM Buses has 3 listed similar companies in our database, 1 of them funded. They include Mahindra Last Mile Mobility, SML Isuzu and Olectra.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
mahindralastmilemobility.com1994Mumbai, India$104.24M33,980
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
smlisuzu.com1983Chandigarh, India1,075
Commercial vehicles including buses, trucks, and ambulances are manufactured.
olectra.com2000Hyderabad, India688
Electric buses and transmission insulators are developed by Olectra.
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Web traffic of JBM Buses

The website of JBM Buses (jbmbuses.com) receives about 4.4K visits a month.

  • Monthly visits
    4.4K

    ▲ 6.1% vs previous month

Similar websites

Websites whose visitors overlap most with JBM Buses. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
jbmgroup.com
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74.3K#420,378View details

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3 companies that operate in the same segment as JBM Buses (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.

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Electric ride-hailing and cab services are provided via mobile app.
2019Mumbai, Maharashtra, IndiaUSD 168.52 M
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Related news about Jbm Buses

JBM Auto: Company Holds 33% Share In India's Electric Bus Market In September 2026; Added 274 Electric Buses In September And 892 In The First Half Of FY26-27, Contributing To 24% Market Share.
Exchange Update • 24 days ago
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Frequently Asked Questions about JBM Buses

JBM Buses was founded in 1983.

JBM Buses is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

JBM Buses has 915 employees.

The primary company behind JBM Buses, Jbm Auto Limited, reported revenue of ₹6,227 Cr for FY 2026, up 11% year on year.

JBM Group focuses on electric vehicles, delivering a comprehensive EV ecosystem including buses, charging stations, and batteries. They develop innovative, zero-emission solutions for public and commercial transport, emphasizing safety, comfort, and sustainability. Based in Gurgaon, India, they serve government and business clients through B2G and B2B models, promoting green mobility and reducing carbon emissions across various geographies.

JBM Buses's top competitors include Mahindra Last Mile Mobility, SML Isuzu and Olectra.

JBM Buses offers Electric Buses, Charging Infrastructure, EV Aggregates, and Li-ion Batteries.

Yes, JBM Buses is publicly traded on NSE under the ticker symbol JBMA.

JBM Buses operates through Jbm Auto Limited.

The legal entities of JBM Buses currently have 8 directors, including Praveen Kumar Tripathi, Dhiraj Mohan, Valipe Ramgopal Rao and others.

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