SAL Automotive Ltd

₹ 203 4.61%

16 Sep - 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]
SALAL is a manufacturer of automotive components and agricultural implements. It is a preferred supplier to leading manufacturers of passenger vehicles, commercial vehicles, and tractors. In addition to its automotive component production, the company also specializes in the manufacturing of agricultural implements which are designed to meet the unique needs of the agricultural sector.

Website BSE

Market Cap ₹ 97.3 Cr.
Current Price ₹ 203
High / Low ₹ 273 / 164
Stock P/E 16.8
Book Value ₹ 96.2
Dividend Yield 0.99 %
ROCE 11.8 %
ROE 10.5 %
Face Value ₹ 10.0

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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.

Peer comparison

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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	84.94	80.27	81.53	60.78	100.22	94.41	95.02	88.11	100.03	107.84	87.78	88.79	115.86
	81.32	76.96	78.89	57.84	96.63	90.92	91.43	86.04	97.55	104.11	84.98	86.85	111.36
Operating Profit	3.62	3.31	2.64	2.94	3.59	3.49	3.59	2.07	2.48	3.73	2.80	1.94	4.50
OPM %	4.26%	4.12%	3.24%	4.84%	3.58%	3.70%	3.78%	2.35%	2.48%	3.46%	3.19%	2.18%	3.88%
	0.40	0.53	0.27	-0.03	0.14	0.16	0.19	1.24	0.17	0.21	-0.39	1.74	0.24
Interest	0.76	0.76	0.58	0.69	0.59	0.52	0.47	0.74	0.44	0.37	0.53	1.14	0.70
Depreciation	0.87	1.06	1.19	0.99	1.04	1.08	1.05	1.11	1.07	1.06	1.10	1.08	1.22
Profit before tax	2.39	2.02	1.14	1.23	2.10	2.05	2.26	1.46	1.14	2.51	0.78	1.46	2.82
Tax %	25.52%	26.24%	21.05%	24.39%	29.52%	23.41%	38.05%	35.62%	24.56%	25.90%	21.79%	36.30%	27.30%
	1.78	1.49	0.90	0.93	1.48	1.57	1.40	0.94	0.86	1.86	0.61	0.93	2.05
EPS in Rs	3.71	3.10	1.88	1.94	3.08	3.27	2.92	1.96	1.79	3.88	1.27	1.94	4.27
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	TTM
	94	96	93	114	131	85	95	151	304	308	378	384	400
	90	93	90	109	125	86	93	152	293	295	365	374	387
Operating Profit	4	3	3	5	6	-1	2	-1	10	13	13	11	13
OPM %	4.0%	3.2%	3.5%	4.5%	4.4%	-0.7%	1.6%	-0.8%	3.4%	4.2%	3.4%	2.9%	3.2%
	1	1	1	1	1	4	1	2	2	1	2	2	2
Interest	0	0	0	0	0	0	1	1	3	3	2	2	3
Depreciation	1	1	1	1	1	1	2	2	3	4	4	4	4
Profit before tax	4	3	3	5	5	2	1	-3	6	7	8	6	8
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	5
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	11.36
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:	6%

Compounded Profit Growth
10 Years:	9%
5 Years:	41%
3 Years:	0%
TTM:	22%

Stock Price CAGR
10 Years:	%
5 Years:	13%
3 Years:	0%
1 Year:	-21%

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	61	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 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Agriculture Implements Sales Volume
Nos

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
x,xxx		xx,xxx	xx,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx

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Agriculture Implements Segment Revenue Share
%

Permanent Employees
count

Seat Components Sales Volume
Nos

Tractor Seats Sales Volume
Nos

Seats - Others Sales Volume (LCV/CV/PV)
Nos

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%	20.57%	20.57%	20.55%	20.56%	20.55%	20.56%	20.57%	20.56%	20.56%
No. of Shareholders	1,685	1,924	1,939	1,920	2,113	2,128	2,198	2,662	2,662	2,611	2,551	2,501

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	81.68%	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%
	0.00%	0.45%	0.48%	0.50%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	13.89%	20.11%	20.08%	20.06%	20.04%	20.56%	20.57%	20.56%	20.56%	20.56%	20.56%
No. of Shareholders	750	856	1,694	1,656	1,501	1,542	1,488	1,939	2,198	2,551	2,501

* 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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SAL Automotive Ltd

SAL Automotive Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports