Suprajit Engineering Ltd

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

Suprajit Engineering Ltd

₹ 332 0.15%
29 Mar - 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

De-risking and growth
The company has de-risked and grown from a single customer (TVS), segment (2W), location (Karnataka) to multiple segments, customers and locations [1].

Some of these were made through these acquisitions:
1. Shah Concabs acquired in FY03 was to diversify into commercial vehicle cable business.
2. CTP Gills (later renamed Suprajit Europe Limited) in 2007 was to get a foothold in export markets.
3. Pricol’s Speedo business in 2015 was to strengthen Suprajit’s presence in the passenger vehicle space.

Website BSE NSE
  • Market Cap ₹ 4,611 Cr.
  • Current Price ₹ 332
  • High / Low ₹ 398 / 298
  • Stock P/E 28.9
  • Book Value ₹ 83.8
  • Dividend Yield 0.60 %
  • ROCE 17.3 %
  • ROE 15.9 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.9%

Cons

  • The company has delivered a poor sales growth of 8.88% over past five 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
412 389 177 443 507 513 362 494 479 506 645 716 692
362 334 182 370 421 431 312 414 425 429 591 637 611
Operating Profit 50 55 -5 73 86 82 49 80 54 77 54 79 81
OPM % 12% 14% -3% 17% 17% 16% 14% 16% 11% 15% 8% 11% 12%
5 -23 6 9 7 12 23 11 8 7 18 22 5
Interest 5 6 6 6 5 3 5 4 3 3 6 8 10
Depreciation 15 14 14 14 14 14 14 15 14 15 24 24 25
Profit before tax 35 12 -18 62 74 77 53 73 45 65 42 69 51
Tax % 12% 74% 21% 23% 30% 25% 18% 32% 29% 25% 35% 34% 25%
Net Profit 31 3 -15 48 52 58 43 50 32 49 27 46 38
EPS in Rs 2.23 0.21 -1.04 3.44 3.69 4.11 3.12 3.58 2.29 3.51 1.97 3.31 2.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
345 421 458 540 605 940 1,203 1,431 1,590 1,563 1,641 1,840 2,559
289 353 380 447 508 784 999 1,194 1,357 1,344 1,404 1,580 2,269
Operating Profit 56 68 78 93 97 156 204 237 233 219 237 260 290
OPM % 16% 16% 17% 17% 16% 17% 17% 17% 15% 14% 14% 14% 11%
5 4 8 4 4 10 18 21 38 -5 34 48 52
Interest 7 10 11 14 17 26 30 27 25 23 19 15 27
Depreciation 7 7 8 8 9 16 27 37 41 58 57 59 87
Profit before tax 47 55 67 74 75 123 164 193 205 133 194 235 227
Tax % 29% 27% 29% 32% 33% 35% 31% 28% 35% 22% 27% 26%
Net Profit 33 40 47 51 50 80 114 138 134 104 143 173 160
EPS in Rs 2.73 3.32 3.93 4.23 4.19 5.48 8.66 9.90 9.57 7.43 10.20 12.51 11.54
Dividend Payout % 16% 20% 19% 22% 23% 19% 17% 14% 16% 24% 17% 16%
Compounded Sales Growth
10 Years: 16%
5 Years: 9%
3 Years: 5%
TTM: 39%
Compounded Profit Growth
10 Years: 15%
5 Years: 8%
3 Years: 7%
TTM: -7%
Stock Price CAGR
10 Years: 26%
5 Years: 4%
3 Years: 42%
1 Year: 1%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
12 12 12 12 12 13 14 14 14 14 14 14 14
Reserves 85 117 155 193 229 434 510 641 761 840 976 1,070 1,146
66 83 112 156 194 298 378 345 362 391 346 337 613
58 70 73 95 94 216 236 306 321 350 391 336 522
Total Liabilities 220 282 352 456 529 962 1,138 1,306 1,458 1,594 1,727 1,757 2,294
87 101 119 152 168 330 556 544 553 613 598 588 748
CWIP 4 13 18 1 17 18 2 3 27 15 5 10 41
Investments 8 18 45 75 112 149 23 130 172 276 320 262 285
121 150 170 228 232 465 557 629 706 689 804 897 1,220
Total Assets 220 282 352 456 529 962 1,138 1,306 1,458 1,594 1,727 1,757 2,294

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
37 26 46 38 67 93 126 217 145 232 161 182
-26 -39 -51 -53 -76 -240 -169 -123 -89 -154 -59 39
-9 13 9 14 7 151 47 -85 -42 -61 -86 -111
Net Cash Flow 1 1 4 -1 -1 4 3 10 14 17 16 109

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 78 77 74 80 75 81 74 74 67 64 74 59
Inventory Days 54 52 61 85 78 110 109 110 113 116 126 122
Days Payable 64 62 58 65 56 61 56 83 70 85 95 66
Cash Conversion Cycle 68 68 77 101 98 130 127 100 110 95 105 116
Working Capital Days 46 59 62 78 67 94 93 68 74 66 87 87
ROCE % 36% 34% 29% 27% 23% 25% 24% 23% 22% 15% 17% 17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
44.57 44.57 44.57 44.57 44.57 44.62 44.62 44.61 44.64 44.64 44.64 44.64
8.14 2.86 2.82 3.45 4.33 4.40 4.68 5.92 5.01 4.95 5.42 5.10
9.16 13.12 13.22 12.77 12.26 13.12 13.29 14.11 14.90 14.81 15.20 15.62
38.14 39.45 39.39 39.21 38.85 37.86 37.42 35.36 35.45 35.60 34.72 34.65

* 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

Announcements

Annual reports

Credit ratings

Concalls