Suprajit Engineering Ltd
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]
- Market Cap ₹ 5,626 Cr.
- Current Price ₹ 406
- High / Low ₹ 454 / 353
- Stock P/E 37.7
- Book Value ₹ 91.9
- Dividend Yield 0.57 %
- ROCE 15.3 %
- ROE 13.2 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 18.0%
Cons
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
421 | 458 | 540 | 605 | 940 | 1,203 | 1,431 | 1,590 | 1,563 | 1,641 | 1,840 | 2,752 | 2,812 | |
353 | 380 | 447 | 508 | 784 | 999 | 1,194 | 1,357 | 1,344 | 1,404 | 1,580 | 2,439 | 2,496 | |
Operating Profit | 68 | 78 | 93 | 97 | 156 | 204 | 237 | 233 | 219 | 237 | 260 | 313 | 316 |
OPM % | 16% | 17% | 17% | 16% | 17% | 17% | 17% | 15% | 14% | 14% | 14% | 11% | 11% |
4 | 8 | 4 | 4 | 10 | 18 | 21 | 38 | -5 | 34 | 48 | 38 | 46 | |
Interest | 10 | 11 | 14 | 17 | 26 | 30 | 27 | 25 | 23 | 19 | 15 | 36 | 50 |
Depreciation | 7 | 8 | 8 | 9 | 16 | 27 | 37 | 41 | 58 | 57 | 59 | 95 | 99 |
Profit before tax | 55 | 67 | 74 | 75 | 123 | 164 | 193 | 205 | 133 | 194 | 235 | 220 | 212 |
Tax % | 27% | 29% | 32% | 33% | 35% | 31% | 28% | 35% | 22% | 27% | 26% | 31% | |
40 | 47 | 51 | 50 | 80 | 114 | 138 | 134 | 104 | 143 | 173 | 152 | 149 | |
EPS in Rs | 3.32 | 3.93 | 4.23 | 4.19 | 5.48 | 8.66 | 9.90 | 9.57 | 7.43 | 10.20 | 12.51 | 10.99 | 10.77 |
Dividend Payout % | 20% | 19% | 22% | 23% | 19% | 17% | 14% | 16% | 24% | 17% | 16% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 14% |
3 Years: | 21% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 2% |
3 Years: | 8% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 14% |
3 Years: | 17% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 117 | 155 | 193 | 229 | 434 | 510 | 641 | 761 | 840 | 976 | 1,070 | 1,211 | 1,258 |
83 | 112 | 156 | 194 | 298 | 378 | 345 | 362 | 391 | 346 | 337 | 718 | 722 | |
70 | 73 | 95 | 94 | 216 | 236 | 306 | 321 | 350 | 391 | 336 | 529 | 547 | |
Total Liabilities | 282 | 352 | 456 | 529 | 962 | 1,138 | 1,306 | 1,458 | 1,594 | 1,727 | 1,757 | 2,471 | 2,540 |
101 | 119 | 152 | 168 | 330 | 556 | 544 | 553 | 613 | 598 | 588 | 807 | 831 | |
CWIP | 13 | 18 | 1 | 17 | 18 | 2 | 3 | 27 | 15 | 5 | 10 | 28 | 17 |
Investments | 18 | 45 | 75 | 112 | 149 | 23 | 130 | 172 | 276 | 320 | 262 | 445 | 517 |
150 | 170 | 228 | 232 | 465 | 557 | 629 | 706 | 689 | 804 | 897 | 1,191 | 1,175 | |
Total Assets | 282 | 352 | 456 | 529 | 962 | 1,138 | 1,306 | 1,458 | 1,594 | 1,727 | 1,757 | 2,471 | 2,540 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 46 | 38 | 67 | 93 | 126 | 217 | 145 | 232 | 161 | 182 | 239 | |
-39 | -51 | -53 | -76 | -240 | -169 | -123 | -89 | -154 | -59 | 39 | -548 | |
13 | 9 | 14 | 7 | 151 | 47 | -85 | -42 | -61 | -86 | -111 | 223 | |
Net Cash Flow | 1 | 4 | -1 | -1 | 4 | 3 | 10 | 14 | 17 | 16 | 109 | -86 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 77 | 74 | 80 | 75 | 81 | 74 | 74 | 67 | 64 | 74 | 59 | 61 |
Inventory Days | 52 | 61 | 85 | 78 | 110 | 109 | 110 | 113 | 116 | 126 | 122 | 120 |
Days Payable | 62 | 58 | 65 | 56 | 61 | 56 | 83 | 70 | 85 | 95 | 66 | 66 |
Cash Conversion Cycle | 68 | 77 | 101 | 98 | 130 | 127 | 100 | 110 | 95 | 105 | 116 | 115 |
Working Capital Days | 59 | 62 | 78 | 67 | 94 | 93 | 68 | 74 | 66 | 87 | 87 | 86 |
ROCE % | 34% | 29% | 27% | 23% | 24% | 23% | 23% | 22% | 15% | 17% | 17% | 15% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr
- Set Up Of A Wholly-Owned Subsidiary Of Suprajit USA Inc. In Germany 25 Apr
- Inauguration Of New Plant Of Shanghai Lone Star Cable Co. Ltd. 24 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 23 Apr
- Compliance Certificate Under Regulation 40(9) Of SEBI LODR Regulations For The Year Ended March 31, 2024 15 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Jun 2018Transcript PPT
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Jun 2017TranscriptNotesPPT
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Mar 2017TranscriptNotesPPT
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Nov 2016TranscriptPPT
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.