Suprajit Engineering Ltd

Suprajit Engg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suprajit Engineering Ltd

₹ 419 0.42%
26 Apr - close price
suprajit.com BSE: 532509 NSE : SUPRAJIT
About

Suprajit Engineering promoted by Mr Ajith Kumar Rai, started as a single-product (cables) to TVS Motor in 1985. Over the years, Suprajit has emerged as the largest supplier (market share of ~65%) of mechanical cables to the domestic 2W and passenger vehicle (PV) market with rising revenue share from aftermarket and exports. [1]

Key Points

Business Segment & Product Portfolio[1]
Mechanical control cables - Brake cables, clutch cables, throttle cables, starting cables, gear shifter cables, choke cables, tachometer cables, window regulator cables, mirror cable assemblies, seat recliner cables, and latch release cables.

Website BSE NSE
  • Market Cap ₹ 5,796 Cr.
  • Current Price ₹ 419
  • High / Low ₹ 454 / 353
  • Stock P/E 28.2
  • Book Value ₹ 86.0
  • Dividend Yield 0.55 %
  • ROCE 21.0 %
  • ROE 18.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 19.8%

Cons

  • The company has delivered a poor sales growth of 8.20% over past five years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
366 347 209 355 351 356 337 387 368 339 333 385 405
294 288 177 282 298 301 285 320 299 277 274 319 331
Operating Profit 72 58 32 72 53 55 51 66 69 63 59 66 74
OPM % 20% 17% 15% 20% 15% 16% 15% 17% 19% 18% 18% 17% 18%
11 15 9 -32 6 5 13 17 14 -0 19 20 15
Interest 4 1 3 2 2 2 3 4 5 5 4 5 6
Depreciation 6 6 6 7 7 7 7 7 7 8 8 8 8
Profit before tax 73 66 32 32 50 51 55 72 71 50 66 73 75
Tax % 25% 26% 22% 64% 25% 25% 25% 26% 23% 23% 23% 19% 24%
55 49 25 12 38 38 41 53 54 39 51 59 57
EPS in Rs 3.96 3.49 1.78 0.83 2.74 2.77 2.94 3.83 3.94 2.79 3.68 4.24 4.14
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
376 416 477 515 576 851 965 1,058 1,071 1,112 1,271 1,431 1,463
310 343 392 431 476 700 792 880 881 932 1,059 1,181 1,201
Operating Profit 66 73 86 84 99 151 173 179 190 181 213 250 262
OPM % 18% 18% 18% 16% 17% 18% 18% 17% 18% 16% 17% 17% 18%
3 8 3 4 7 12 23 31 -1 36 -12 44 54
Interest 9 10 12 14 20 23 18 15 13 12 10 16 20
Depreciation 5 6 7 8 8 16 18 20 26 24 27 29 32
Profit before tax 55 66 69 66 78 123 159 174 150 181 165 248 264
Tax % 29% 28% 31% 33% 36% 31% 34% 34% 18% 24% 32% 25%
39 47 48 45 50 86 105 115 123 138 112 187 206
EPS in Rs 3.27 3.95 3.97 3.72 3.80 6.52 7.48 8.21 8.82 9.86 8.12 13.50 14.85
Dividend Payout % 20% 19% 24% 26% 28% 18% 19% 19% 20% 18% 25% 17%
Compounded Sales Growth
10 Years: 13%
5 Years: 8%
3 Years: 10%
TTM: 1%
Compounded Profit Growth
10 Years: 16%
5 Years: 12%
3 Years: 9%
TTM: 10%
Stock Price CAGR
10 Years: 19%
5 Years: 12%
3 Years: 16%
1 Year: 17%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 13 14 14 14 14 14 14 14 14
Reserves 116 153 187 218 401 507 592 687 768 898 927 1,086 1,177
74 96 128 167 218 182 174 169 206 181 219 250 256
63 68 82 79 99 127 198 187 215 258 213 234 287
Total Liabilities 264 329 410 476 731 830 978 1,057 1,203 1,351 1,373 1,584 1,734
90 109 133 147 176 234 229 230 272 276 288 324 347
CWIP 12 12 1 17 17 2 3 11 14 4 9 21 8
Investments 39 66 95 132 326 271 378 409 497 530 414 649 709
124 142 180 180 212 324 368 407 420 540 663 590 670
Total Assets 264 329 410 476 731 830 978 1,057 1,203 1,351 1,373 1,584 1,734

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
24 46 41 61 58 134 160 103 159 98 140 206
-37 -44 -48 -72 -225 -18 -111 -45 -132 -40 -83 -178
15 1 4 12 165 -115 -48 -44 -23 -47 -62 -14
Net Cash Flow 1 3 -3 1 -2 1 1 14 3 12 -6 14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 73 74 77 75 80 69 73 70 75 90 76 70
Inventory Days 48 50 70 63 63 65 74 77 81 98 87 81
Days Payable 60 60 61 50 56 46 81 61 82 92 62 59
Cash Conversion Cycle 61 64 87 89 87 88 67 86 74 96 101 92
Working Capital Days 51 52 65 54 52 73 53 65 65 85 84 74
ROCE % 36% 30% 27% 22% 19% 22% 24% 23% 20% 19% 19% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.62% 44.62% 44.61% 44.64% 44.64% 44.64% 44.64% 44.64% 44.64% 44.63% 44.63% 44.62%
4.40% 4.68% 5.92% 5.01% 4.95% 5.42% 5.10% 5.07% 5.11% 4.76% 4.56% 4.79%
13.12% 13.29% 14.11% 14.90% 14.81% 15.20% 15.62% 15.95% 15.90% 15.86% 16.21% 17.50%
37.86% 37.42% 35.36% 35.45% 35.60% 34.72% 34.65% 34.31% 34.34% 34.75% 34.62% 33.10%
No. of Shareholders 58,64663,88568,64069,02770,15379,14882,13075,59474,91075,39677,54569,655

* 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.

Documents

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