Sar Auto Products Ltd
Incorporated in 1987, Sar Auto Products Ltd manufactures gears, gear boxes and other transmission components. It is also in the
business of Real Estate Development[1]
- Market Cap ₹ 881 Cr.
- Current Price ₹ 1,850
- High / Low ₹ 2,400 / 1,715
- Stock P/E 2,099
- Book Value ₹ 36.3
- Dividend Yield 0.00 %
- ROCE 2.52 %
- ROE 2.46 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 56.6 to 37.4 days.
Cons
- Stock is trading at 51.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.34% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.08 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.06 | 2.20 | 2.95 | 5.06 | 6.81 | 9.81 | 6.78 | 6.28 | 10.67 | 11.59 | 20.02 | 13.97 | |
2.09 | 4.95 | 2.75 | 3.88 | 5.60 | 8.33 | 5.50 | 4.88 | 8.68 | 9.64 | 18.06 | 12.11 | |
Operating Profit | -0.03 | -2.75 | 0.20 | 1.18 | 1.21 | 1.48 | 1.28 | 1.40 | 1.99 | 1.95 | 1.96 | 1.86 |
OPM % | -1.46% | -125.00% | 6.78% | 23.32% | 17.77% | 15.09% | 18.88% | 22.29% | 18.65% | 16.82% | 9.79% | 13.31% |
0.71 | 0.50 | 0.67 | 0.24 | 0.27 | 0.32 | 0.31 | 0.34 | 0.50 | 0.33 | 0.81 | 1.08 | |
Interest | 0.02 | 0.08 | 0.02 | 0.04 | 0.07 | 0.12 | 0.07 | 0.06 | 0.08 | 0.13 | 0.10 | 0.13 |
Depreciation | 0.55 | 1.04 | 0.76 | 1.12 | 1.21 | 1.41 | 1.27 | 1.07 | 1.26 | 1.25 | 1.15 | 2.08 |
Profit before tax | 0.11 | -3.37 | 0.09 | 0.26 | 0.20 | 0.27 | 0.25 | 0.61 | 1.15 | 0.90 | 1.52 | 0.73 |
Tax % | -9.09% | -5.34% | -88.89% | -19.23% | 20.00% | -22.22% | -16.00% | 26.23% | 1.74% | 31.11% | 23.03% | 42.47% |
0.12 | -3.19 | 0.18 | 0.30 | 0.16 | 0.33 | 0.29 | 0.45 | 1.13 | 0.62 | 1.17 | 0.42 | |
EPS in Rs | 0.25 | -6.70 | 0.38 | 0.63 | 0.34 | 0.69 | 0.61 | 0.94 | 2.37 | 1.30 | 2.46 | 0.88 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 16% |
3 Years: | 9% |
TTM: | -30% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | -22% |
TTM: | -61% |
Stock Price CAGR | |
---|---|
10 Years: | 35% |
5 Years: | 40% |
3 Years: | 55% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 |
Reserves | 10.65 | 7.43 | 7.60 | 7.91 | 8.07 | 8.40 | 8.71 | 9.24 | 10.35 | 10.98 | 12.12 | 12.54 |
0.34 | 0.14 | 0.94 | 0.62 | 1.11 | 0.83 | 0.88 | 1.81 | 5.29 | 6.96 | 15.91 | 18.22 | |
0.54 | 0.57 | 0.81 | 0.66 | 2.13 | 1.41 | 0.91 | 1.28 | 1.14 | 1.81 | 1.88 | 1.06 | |
Total Liabilities | 16.29 | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 34.67 | 36.58 |
3.63 | 3.13 | 3.20 | 5.21 | 6.96 | 6.16 | 5.14 | 4.92 | 5.86 | 8.22 | 12.25 | 13.10 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 |
Investments | 0.07 | 0.05 | 0.04 | 0.19 | 0.18 | 0.01 | 0.02 | 0.26 | 0.02 | 0.02 | 0.01 | 0.02 |
12.59 | 9.72 | 10.87 | 8.55 | 8.93 | 9.23 | 10.10 | 11.91 | 15.66 | 16.27 | 22.33 | 23.46 | |
Total Assets | 16.29 | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 34.67 | 36.58 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.63 | 1.02 | -0.72 | 3.83 | 4.77 | 1.35 | 0.68 | 1.13 | 0.11 | 0.65 | 3.12 | 0.35 | |
-1.52 | -0.40 | -1.38 | -3.29 | -4.35 | 0.05 | -0.81 | -0.92 | -2.57 | -3.69 | -9.80 | -7.46 | |
0.34 | 0.20 | 1.37 | -0.13 | 0.63 | -0.12 | 0.27 | 1.13 | 3.64 | 1.85 | 9.55 | 3.22 | |
Net Cash Flow | -0.55 | 0.82 | -0.74 | 0.41 | 1.05 | 1.28 | 0.15 | 1.33 | 1.17 | -1.18 | 2.87 | -3.89 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 636.09 | 232.27 | 164.56 | 125.51 | 98.62 | 95.25 | 143.74 | 166.23 | 152.57 | 104.87 | 27.53 | 37.36 |
Inventory Days | 525.85 | 550.49 | 1,951.63 | 188.67 | 56.22 | 53.38 | 82.42 | |||||
Days Payable | 136.10 | 65.82 | 253.27 | 231.82 | 92.88 | 80.70 | 26.00 | |||||
Cash Conversion Cycle | 1,025.84 | 716.94 | 164.56 | 1,823.88 | 55.46 | 58.59 | 116.43 | 166.23 | 152.57 | 104.87 | 27.53 | 93.78 |
Working Capital Days | 786.70 | 1,322.30 | 1,043.03 | 413.33 | 121.13 | 88.55 | 161.50 | 188.31 | 177.54 | 109.28 | 86.78 | 104.51 |
ROCE % | 0.96% | -23.43% | 0.70% | 2.26% | 2.35% | 2.72% | 2.26% | 4.24% | 5.41% | 4.73% | 5.44% | 2.52% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 May - Submission Of Newspaper Copy-Publication of Audited Standalone Financial Results For The Quarter And Year Ended On 31st March, 2025.
- Results For The Quarter And Financial Year Ended On 31St March, 2025 12 May
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Board Meeting Outcome for Submission Of Audited Financial Results For The Quarter And Year Ended On March 31, 2025- Outcome Of The Board Meeting Held On Monday, May 12, 2025.
12 May - Audited financial results for year ended March 31, 2025 approved with unmodified auditor opinion.
-
Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015
6 May - Board meeting on May 12, 2025 to approve audited Q4 and FY2025 financial results.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - SAR Auto Products confirms it is not a 'Large Corporate' as per SEBI criteria for FY ending 31.03.2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Profile:[1]
a) It is in the business of manufacturing
and selling Auto components, especially Gears for Transmission, Differential & Engine.
b) SAPL manufactures Auto components comprising automobile gears like Spur
Gear, Helical Gear, Straight Bevel Gear, Sprockets along with Transmission Spline Shafts, Couplings, and Power Take-off clutches which are used for Transmission, Engine, and Differential gearboxes
c) Co. manufactures gears, gearboxes, and other transmission components
d) Company has battery of CNC & VMC machines and can manufacture machined
parts up to 480 mm diameter.
e) It also has a Tool Room for the manufacture of jigs, fixtures, etc.