SAL Automotive Ltd

SAL Automotive Ltd

₹ 189 1.34%
10 Jun - close price
About

Incorporated in 1974, SAL Automotive Ltd is engaged in automotive (Passenger and Commercial Vehicle) and agriculture segments

Key Points

Business Overview:[1]
Company manufactures automotive components and agricultural implements which it supplies to manufacturers of passenger vehicles, commercial vehicles and tractors. The product line of company includes seats, seat mechanisms, seat frames, rotavators, planters and tractor trollies

  • Market Cap 90.7 Cr.
  • Current Price 189
  • High / Low 299 / 164
  • Stock P/E 19.4
  • Book Value 96.2
  • Dividend Yield 1.32 %
  • ROCE 11.8 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
92.12 84.94 80.27 81.53 60.78 100.22 94.41 95.02 88.11 100.03 107.84 87.78 88.79
87.09 81.32 76.96 78.89 57.84 96.63 90.92 91.43 86.04 97.55 104.11 84.98 86.85
Operating Profit 5.03 3.62 3.31 2.64 2.94 3.59 3.49 3.59 2.07 2.48 3.73 2.80 1.94
OPM % 5.46% 4.26% 4.12% 3.24% 4.84% 3.58% 3.70% 3.78% 2.35% 2.48% 3.46% 3.19% 2.18%
0.50 0.40 0.53 0.27 -0.03 0.14 0.16 0.19 1.24 0.17 0.21 -0.39 1.74
Interest 0.87 0.76 0.76 0.58 0.69 0.59 0.52 0.47 0.74 0.44 0.37 0.53 1.14
Depreciation 1.08 0.87 1.06 1.19 0.99 1.04 1.08 1.05 1.11 1.07 1.06 1.10 1.08
Profit before tax 3.58 2.39 2.02 1.14 1.23 2.10 2.05 2.26 1.46 1.14 2.51 0.78 1.46
Tax % 23.18% 25.52% 26.24% 21.05% 24.39% 29.52% 23.41% 38.05% 35.62% 24.56% 25.90% 21.79% 36.30%
2.75 1.78 1.49 0.90 0.93 1.48 1.57 1.40 0.94 0.86 1.86 0.61 0.93
EPS in Rs 5.73 3.71 3.10 1.88 1.94 3.08 3.27 2.92 1.96 1.79 3.88 1.27 1.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
94 96 93 114 131 85 95 151 304 308 378 384
90 93 90 109 125 86 93 152 293 295 365 373
Operating Profit 4 3 3 5 6 -1 2 -1 10 13 13 11
OPM % 4% 3% 3% 5% 4% -1% 2% -1% 3% 4% 3% 3%
1 1 1 1 1 4 1 2 2 1 2 2
Interest 0 0 0 0 0 0 1 1 3 3 2 2
Depreciation 1 1 1 1 1 1 2 2 3 4 4 4
Profit before tax 4 3 3 5 5 2 1 -3 6 7 8 6
Tax % 32% 34% 32% 31% 28% 32% 1% -22% 24% 25% 32% 28%
2 2 2 3 3 1 1 -2 5 5 5 4
EPS in Rs 5.02 4.23 4.79 7.10 7.23 2.60 1.75 -4.85 9.79 10.62 11.25 8.88
Dividend Payout % 35% 41% 42% 32% 31% 67% 100% 0% 20% 21% 11% 23%
Compounded Sales Growth
10 Years: 15%
5 Years: 32%
3 Years: 8%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 41%
3 Years: 0%
TTM: -13%
Stock Price CAGR
10 Years: %
5 Years: 15%
3 Years: -8%
1 Year: -28%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 12%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 5
Reserves 23 24 26 29 31 31 31 28 33 36 41 41
0 0 0 4 5 5 10 28 39 27 24 39
26 23 24 34 28 26 35 47 56 46 57 66
Total Liabilities 51 49 53 69 66 65 78 105 130 112 123 151
9 9 10 13 14 9 9 13 33 34 36 41
CWIP 1 1 0 0 0 0 1 10 1 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
41 39 42 56 52 56 68 82 96 78 87 109
Total Assets 51 49 53 69 66 65 78 105 130 112 123 151

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 4 -0 -1 3 -7 -1 -9 17 11 10 -4
-1 -0 -1 -3 -1 7 -0 -14 -10 -3 -6 -4
-1 -1 -1 3 -0 -2 2 16 6 -16 -7 7
Net Cash Flow -0 3 -2 -1 1 -1 0 -7 13 -8 -3 -2
Free Cash Flow -0 3 -2 -4 1 -0 -3 -24 5 7 3 -9
CFO/OP 64% 173% 22% 17% 73% 1,025% -108% 755% 158% 94% 91% -20%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 78 62 76 99 73 90 108 84 44 44 43 54
Inventory Days 31 30 31 28 26 44 45 46 36 33 28 33
Days Payable 104 89 101 122 82 125 149 125 75 62 60 72
Cash Conversion Cycle 5 3 6 4 17 9 4 6 6 15 10 15
Working Capital Days 36 25 35 26 21 16 11 -36 -13 -4 2 5
ROCE % 14% 12% 12% 16% 14% -2% 3% -4% 13% 14% 15% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Agriculture Implements Sales Volume
Units

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Manufacturing Locations
Nos
Seat Components Sales Volume
Units
Tractor Seats Sales Volume
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44% 4.44%
20.56% 20.56% 20.56% 20.56% 20.57% 20.57% 20.55% 20.56% 20.55% 20.56% 20.57% 20.56%
No. of Shareholders 1,6041,6851,9241,9391,9202,1132,1282,1982,6622,6622,6112,551

* 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.

Click on the line-items to see the names of individual entities.

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