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

₹ 1,969 -0.05%
24 Apr - 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 ₹ 938 Cr.
  • Current Price ₹ 1,969
  • High / Low ₹ 2,400 / 1,715
  • Stock P/E 1,321
  • Book Value ₹ 36.7
  • Dividend Yield 0.00 %
  • ROCE 5.44 %
  • ROE 6.68 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Debtor days have improved from 95.0 to 27.5 days.
  • Company's working capital requirements have reduced from 125 days to 86.8 days

Cons

  • Stock is trading at 53.6 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 5.60% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.19 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

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2.94 2.91 2.08 3.19 2.66 3.68 3.78 5.20 5.67 5.39 3.80 4.35 3.52
2.34 2.37 1.68 2.38 2.15 3.48 3.31 4.66 5.09 5.06 3.22 3.75 3.11
Operating Profit 0.60 0.54 0.40 0.81 0.51 0.20 0.47 0.54 0.58 0.33 0.58 0.60 0.41
OPM % 20.41% 18.56% 19.23% 25.39% 19.17% 5.43% 12.43% 10.38% 10.23% 6.12% 15.26% 13.79% 11.65%
0.03 0.12 0.06 0.07 0.06 0.15 0.11 0.15 0.17 0.41 0.21 0.27 0.30
Interest 0.01 0.03 0.03 0.01 0.01 0.07 0.02 0.02 0.01 0.05 0.03 0.03 0.02
Depreciation 0.34 0.36 0.30 0.31 0.32 0.32 0.25 0.25 0.25 0.40 0.46 0.52 0.54
Profit before tax 0.28 0.27 0.13 0.56 0.24 -0.04 0.31 0.42 0.49 0.29 0.30 0.32 0.15
Tax % 0.00% 7.41% 0.00% 0.00% 0.00% 700.00% 0.00% 0.00% 0.00% 120.69% 0.00% 0.00% 0.00%
0.27 0.25 0.13 0.56 0.24 -0.32 0.31 0.42 0.49 -0.06 0.30 0.32 0.15
EPS in Rs 0.57 0.52 0.27 1.18 0.50 -0.67 0.65 0.88 1.03 -0.13 0.63 0.67 0.31
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1.98 2.06 2.20 2.95 5.06 6.81 9.81 6.78 6.28 10.67 11.59 20.02 17.06
2.02 2.09 4.95 2.75 3.88 5.60 8.33 5.50 4.88 8.68 9.64 18.06 15.14
Operating Profit -0.04 -0.03 -2.75 0.20 1.18 1.21 1.48 1.28 1.40 1.99 1.95 1.96 1.92
OPM % -2.02% -1.46% -125.00% 6.78% 23.32% 17.77% 15.09% 18.88% 22.29% 18.65% 16.82% 9.79% 11.25%
0.37 0.71 0.50 0.67 0.24 0.27 0.32 0.31 0.34 0.50 0.33 0.81 1.19
Interest 0.02 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 0.62 0.55 1.04 0.76 1.12 1.21 1.41 1.27 1.07 1.26 1.25 1.15 1.92
Profit before tax -0.31 0.11 -3.37 0.09 0.26 0.20 0.27 0.25 0.61 1.15 0.90 1.52 1.06
Tax % -9.68% -9.09% -5.34% -88.89% -19.23% 20.00% -22.22% -16.00% 26.23% 1.74% 31.11% 23.03%
-0.28 0.12 -3.19 0.18 0.30 0.16 0.33 0.29 0.45 1.13 0.62 1.17 0.71
EPS in Rs -0.59 0.25 -6.70 0.38 0.63 0.34 0.69 0.61 0.94 2.37 1.30 2.46 1.48
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: 26%
5 Years: 15%
3 Years: 47%
TTM: -7%
Compounded Profit Growth
10 Years: 23%
5 Years: 28%
3 Years: 37%
TTM: -21%
Stock Price CAGR
10 Years: 39%
5 Years: 42%
3 Years: 59%
1 Year: -7%
Return on Equity
10 Years: 1%
5 Years: 5%
3 Years: 6%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 10.53 10.65 7.43 7.60 7.91 8.07 8.40 8.71 9.24 10.35 10.98 12.12 12.74
0.16 0.34 0.14 0.94 0.62 1.11 0.83 0.88 1.81 5.29 6.96 15.91 16.07
0.44 0.54 0.57 0.81 0.66 2.13 1.41 0.91 1.28 1.14 1.81 1.88 2.44
Total Liabilities 15.89 16.29 12.90 14.11 13.95 16.07 15.40 15.26 17.09 21.54 24.51 34.67 36.01
3.70 3.63 3.13 3.20 5.21 6.96 6.16 5.14 4.92 5.86 8.22 12.25 12.99
CWIP 0.00 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 0.47 0.07 0.05 0.04 0.19 0.18 0.01 0.02 0.26 0.02 0.02 0.01 0.01
11.72 12.59 9.72 10.87 8.55 8.93 9.23 10.10 11.91 15.66 16.27 22.33 23.01
Total Assets 15.89 16.29 12.90 14.11 13.95 16.07 15.40 15.26 17.09 21.54 24.51 34.67 36.01

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.24 0.63 1.02 -0.72 3.83 4.77 1.35 0.68 1.13 0.11 0.65 3.12
0.24 -1.52 -0.40 -1.38 -3.29 -4.35 0.05 -0.81 -0.92 -2.57 -3.69 -9.80
0.05 0.34 0.20 1.37 -0.13 0.63 -0.12 0.27 1.13 3.64 1.85 9.55
Net Cash Flow 0.05 -0.55 0.82 -0.74 0.41 1.05 1.28 0.15 1.33 1.17 -1.18 2.87

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 687.60 636.09 232.27 164.56 125.51 98.62 95.25 143.74 166.23 152.57 104.87 27.53
Inventory Days 375.14 525.85 550.49 1,951.63 188.67 56.22 53.38
Days Payable 60.83 136.10 65.82 253.27 231.82 92.88 80.70
Cash Conversion Cycle 1,001.91 1,025.84 716.94 164.56 1,823.88 55.46 58.59 116.43 166.23 152.57 104.87 27.53
Working Capital Days 840.61 786.70 1,322.30 1,043.03 413.33 121.13 88.55 161.50 188.31 177.54 109.28 86.78
ROCE % -1.92% 0.96% -23.43% 0.70% 2.26% 2.35% 2.72% 2.26% 4.24% 5.41% 4.73% 5.44%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.01% 72.27% 71.79% 69.08% 68.67% 68.37% 67.91% 71.16% 74.86% 74.74% 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%
21.37% 23.11% 23.58% 26.31% 26.71% 27.00% 27.47% 24.22% 20.51% 20.63% 20.71% 20.70%
No. of Shareholders 622615621638633654666708717739744737

* 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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