Suprajit Engineering Ltd

Suprajit Engineering Ltd

₹ 520 -2.72%
19 Jul 4:01 p.m.
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.

  • Market Cap 7,191 Cr.
  • Current Price 520
  • High / Low 554 / 353
  • Stock P/E 43.0
  • Book Value 98.4
  • Dividend Yield 0.44 %
  • ROCE 13.9 %
  • ROE 12.9 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.2%

Cons

  • Company has a low return on equity of 13.9% over last 3 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
513 362 494 479 506 645 716 692 699 680 709 724 783
431 312 414 425 429 591 637 611 612 608 639 637 689
Operating Profit 82 49 80 54 77 54 79 81 87 71 70 87 94
OPM % 16% 14% 16% 11% 15% 8% 11% 12% 12% 11% 10% 12% 12%
12 23 11 8 7 18 22 5 6 13 19 9 19
Interest 3 5 4 3 3 6 8 10 11 12 14 13 13
Depreciation 14 14 15 14 15 24 24 25 23 25 26 26 28
Profit before tax 77 53 73 45 65 42 69 51 58 48 49 57 73
Tax % 25% 18% 32% 29% 25% 35% 34% 25% 29% 31% 29% 30% 19%
58 43 50 32 49 27 46 38 41 33 35 40 59
EPS in Rs 4.11 3.12 3.58 2.29 3.51 1.97 3.31 2.75 2.96 2.39 2.51 2.91 4.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
458 540 605 940 1,203 1,431 1,590 1,563 1,641 1,840 2,752 2,896
380 447 508 784 999 1,194 1,357 1,344 1,404 1,580 2,439 2,573
Operating Profit 78 93 97 156 204 237 233 219 237 260 313 323
OPM % 17% 17% 16% 17% 17% 17% 15% 14% 14% 14% 11% 11%
8 4 4 10 18 21 38 -5 34 48 38 60
Interest 11 14 17 26 30 27 25 23 19 15 36 51
Depreciation 8 8 9 16 27 37 41 58 57 59 95 104
Profit before tax 67 74 75 123 164 193 205 133 194 235 220 228
Tax % 29% 32% 33% 35% 31% 28% 35% 22% 27% 26% 31% 27%
47 51 50 80 114 138 134 104 143 173 152 167
EPS in Rs 3.93 4.23 4.19 5.48 8.66 9.90 9.57 7.43 10.20 12.51 10.99 12.08
Dividend Payout % 19% 22% 23% 19% 17% 14% 16% 24% 17% 16% 21% 21%
Compounded Sales Growth
10 Years: 18%
5 Years: 13%
3 Years: 21%
TTM: 5%
Compounded Profit Growth
10 Years: 13%
5 Years: 5%
3 Years: 5%
TTM: 10%
Stock Price CAGR
10 Years: 16%
5 Years: 21%
3 Years: 19%
1 Year: 21%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 14%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 13 14 14 14 14 14 14 14 14
Reserves 155 193 229 434 510 641 761 840 976 1,070 1,211 1,348
112 156 194 298 378 345 362 391 346 337 718 708
73 95 94 216 236 306 321 350 391 336 529 509
Total Liabilities 352 456 529 962 1,138 1,306 1,458 1,594 1,727 1,757 2,471 2,579
119 152 168 330 556 544 553 613 598 588 807 852
CWIP 18 1 17 18 2 3 27 15 5 10 28 7
Investments 45 75 112 149 23 130 172 276 320 262 445 513
170 228 232 465 557 629 706 689 804 897 1,191 1,208
Total Assets 352 456 529 962 1,138 1,306 1,458 1,594 1,727 1,757 2,471 2,579

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
46 38 67 93 126 217 145 232 161 182 239 249
-51 -53 -76 -240 -169 -123 -89 -154 -59 39 -548 -112
9 14 7 151 47 -85 -42 -61 -86 -111 223 -122
Net Cash Flow 4 -1 -1 4 3 10 14 17 16 109 -86 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 74 80 75 81 74 74 67 64 74 59 61 65
Inventory Days 61 85 78 110 109 110 113 116 126 122 120 96
Days Payable 58 65 56 61 56 83 70 85 95 66 66 71
Cash Conversion Cycle 77 101 98 130 127 100 110 95 105 116 115 90
Working Capital Days 62 78 67 94 93 68 74 66 87 87 86 139
ROCE % 29% 27% 23% 24% 23% 23% 22% 15% 17% 17% 15% 14%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
44.62% 44.61% 44.64% 44.64% 44.64% 44.64% 44.64% 44.64% 44.63% 44.63% 44.62% 44.62%
4.68% 5.92% 5.01% 4.95% 5.42% 5.10% 5.07% 5.11% 4.76% 4.56% 4.79% 5.82%
13.29% 14.11% 14.90% 14.81% 15.20% 15.62% 15.95% 15.90% 15.86% 16.21% 17.50% 16.94%
37.42% 35.36% 35.45% 35.60% 34.72% 34.65% 34.31% 34.34% 34.75% 34.62% 33.10% 32.64%
No. of Shareholders 63,88568,64069,02770,15379,14882,13075,59474,91075,39677,54569,65572,725

* 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

Concalls