Sar Auto Products Ltd

Sar Auto Prod. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sar Auto Products Ltd

₹ 2,040 -2.85%
12 Dec - close price
sarautoproductsltd.com BSE: 538992
About

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]

Key Points

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.

Website BSE
  • Market Cap ₹ 972 Cr.
  • Current Price ₹ 2,040
  • High / Low ₹ 2,225 / 1,445
  • Stock P/E 16,200
  • Book Value ₹ 36.9
  • Dividend Yield 0.00 %
  • ROCE 2.52 %
  • ROE 2.46 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Debtor days have improved from 56.6 to 37.4 days.

Cons

  • Stock is trading at 55.3 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
  • Promoters have pledged or encumbered 40.4% of their holding.
  • Earnings include an other income of Rs.1.13 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3.19 2.66 3.68 3.78 5.20 5.67 5.39 3.80 4.35 3.52 2.30 2.27 2.41
2.38 2.15 3.48 3.31 4.66 5.09 5.06 3.22 3.75 3.11 2.03 1.89 1.99
Operating Profit 0.81 0.51 0.20 0.47 0.54 0.58 0.33 0.58 0.60 0.41 0.27 0.38 0.42
OPM % 25.39% 19.17% 5.43% 12.43% 10.38% 10.23% 6.12% 15.26% 13.79% 11.65% 11.74% 16.74% 17.43%
0.07 0.06 0.15 0.11 0.15 0.17 0.41 0.21 0.27 0.30 0.30 0.25 0.28
Interest 0.01 0.01 0.07 0.02 0.02 0.01 0.05 0.03 0.03 0.02 0.05 0.02 0.03
Depreciation 0.31 0.32 0.32 0.25 0.25 0.25 0.40 0.46 0.52 0.54 0.56 0.49 0.53
Profit before tax 0.56 0.24 -0.04 0.31 0.42 0.49 0.29 0.30 0.32 0.15 -0.04 0.12 0.14
Tax % 0.00% 0.00% 700.00% 0.00% 0.00% 0.00% 120.69% 0.00% 0.00% 0.00% 775.00% 0.00% 0.00%
0.56 0.24 -0.32 0.31 0.42 0.49 -0.06 0.30 0.32 0.15 -0.35 0.12 0.14
EPS in Rs 1.18 0.50 -0.67 0.65 0.88 1.03 -0.13 0.63 0.67 0.31 -0.73 0.25 0.29
Raw PDF

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 TTM
2.06 2.20 2.95 5.06 6.81 9.81 6.78 6.28 10.67 11.59 20.02 13.97 10.50
2.09 4.95 2.75 3.88 5.60 8.33 5.50 4.88 8.68 9.64 18.06 12.11 9.02
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 1.48
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% 14.10%
0.71 0.50 0.67 0.24 0.27 0.32 0.31 0.34 0.50 0.33 0.81 1.08 1.13
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 0.12
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 2.12
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 0.37
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 0.06
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 0.12
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: -45%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: -22%
TTM: -94%
Stock Price CAGR
10 Years: 31%
5 Years: 55%
3 Years: 40%
1 Year: 4%
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 Sep 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 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 12.81
0.34 0.14 0.94 0.62 1.11 0.83 0.88 1.81 5.29 6.96 15.91 18.22 19.24
0.54 0.57 0.81 0.66 2.13 1.41 0.91 1.28 1.14 1.81 1.88 1.06 1.53
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 38.34
3.63 3.13 3.20 5.21 6.96 6.16 5.14 4.92 5.86 8.22 12.25 13.10 13.54
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 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 0.03
12.59 9.72 10.87 8.55 8.93 9.23 10.10 11.91 15.66 16.27 22.33 23.46 24.77
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 38.34

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
Days Payable 136.10 65.82 253.27 231.82 92.88 80.70
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 37.36
Working Capital Days 751.26 1,322.30 944.05 378.71 121.13 88.55 161.50 91.25 1.37 -105.19 -189.98 -354.29
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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
71.79% 69.08% 68.67% 68.37% 67.91% 71.16% 74.86% 74.74% 74.67% 74.67% 74.67% 74.67%
4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63% 4.63%
23.58% 26.31% 26.71% 27.00% 27.47% 24.22% 20.51% 20.63% 20.71% 20.70% 20.71% 20.70%
No. of Shareholders 621638633654666708717739744737754725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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