JBM Auto’s Subsidiary Bags 3 GWh Battery Order, Supporting India’s 500GW Renewable Energy Goal

The stock is 37 per cent below its 52-week high peak, although it has delivered a multibagger 3-year return of 216.26 per cent.

JBM Auto Limited’s subsidiary, JBM Green Energy Systems (P) Ltd., has significantly expanded its footprint in the renewable energy space, securing a robust 3 GWh order book for Battery Energy Storage Systems (BESS) projects across India. This growth includes a key 1 GWh project awarded by SJVN Ltd., a central public sector enterprise. The announcement marks a pivotal step in aligning with India’s national objective of achieving 500 GW of renewable energy capacity by 2030.

JBM Green Energy Systems is leveraging JBM Auto’s established capabilities in electric mobility to deploy advanced grid-integrated BESS solutions. These systems are designed to offer energy time-shifting, frequency regulation, and peak shaving—critical components in maintaining grid stability and enabling renewable energy adoption. Mr. Nishant Arya, Vice Chairman and Managing Director of JBM Auto Ltd., highlighted the significance of this development, stating, “BESS is a very critical component of India’s 500GW renewable energy target by 2030. JBMG brings robust experience in deploying high-performance battery systems for electric mobility, which now extends to utility-scale storage with proven engineering excellence and operational reliability.”

JBM Auto operates India’s largest high-voltage lithium-ion battery manufacturing facility with an annual capacity of 6 GWh. This strengthens its position as a key player in the green mobility and energy storage ecosystem. The company’s offering spans from electric vehicle (EV) components to utility-scale energy solutions, enabling seamless integration across the clean energy value chain.

Established in 1983, JBM Auto Ltd is a Mid-Cap player in the automotive sector. The company manufactures sheet metal components, tools, dies, molds, and also builds electric buses. With a 30–35 per cent share in the Indian electric bus market, JBM Auto runs the world’s largest integrated EV ecosystem and bus manufacturing unit outside China. The company operates 16 manufacturing facilities and recently expanded its EV bus capacity in Delhi-NCR. Its clientele includes names such as Tata, Ashok Leyland, and Daimler.

Financially, JBM Auto's component division saw a 3 per cent decline in revenue in FY24, while its OEM division surged by 216 per cent due to strong order execution. The Tool Room division grew by 8 per cent YoY. The company’s order book stands at Rs 45,000 crore, with plans to introduce 3,000 electric buses in FY25.

As of May 30, 2025, the stock is trading at Rs 716.65, down from its 52-week high of Rs 1,143.85 and above its 52-week low of Rs 493.85. This places the stock approximately 37 per cent below its peak, although it has delivered a multibagger 3-year return of 216.26 per cent. However, the 1-year return is negative at -31.45 per cent. JBM Auto has a market capitalization of Rs 16,948 crore and a Price-to-Earnings (PE) ratio of 67.75. Major public shareholders include Zeal Impex And Traders Private Limited (7.72 per cent) and Amity Infotech Pvt. Ltd. (7.53 per cent).

The surge in BESS orders, coupled with the company’s expanding electric vehicle portfolio and energy solutions, indicates a strategic alignment with India’s clean energy ambitions. With a strong order pipeline and operational scale, JBM Auto is emerging as a key contributor to India’s transition toward sustainable energy and mobility.

Disclaimer: The article is for informational purposes only and not investment advice.