SAL Automotive Ltd

SAL Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SAL Automotive Ltd

₹ 517 2.31%
04 Jul 4:01 p.m.
salautomotive.in BSE: 539353
About

Incorporated in 1974, SAL Automotive Ltd is engaged in automotive (Passenger and Commercial Vehicle) and agriculture segments

Key Points

Business Overview:[1]
Company manufactures automotive components and agricultural implements which it supplies to manufacturers of passenger vehicles, commercial vehicles and tractors. The product line of company includes seats, seat mechanisms, seat frames, rotavators, planters and tractor trollies

Website BSE
  • Market Cap ₹ 124 Cr.
  • Current Price ₹ 517
  • High / Low ₹ 697 / 380
  • Stock P/E 24.3
  • Book Value ₹ 162
  • Dividend Yield 0.77 %
  • ROCE 13.7 %
  • ROE 13.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 57.5 to 43.6 days.

Cons

  • Stock is trading at 3.19 times its book value
  • Company has a low return on equity of 7.36% 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: Automobiles - Tractors

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Quarterly Results

Figures in Rs. Crores

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
31.67 31.43 47.67 33.73 37.75 60.12 75.25 76.30 92.12 84.94 80.27 81.53 60.78
30.63 30.80 46.75 35.43 38.88 58.92 73.37 74.02 87.09 81.32 76.96 78.89 57.84
Operating Profit 1.04 0.63 0.92 -1.70 -1.13 1.20 1.88 2.28 5.03 3.62 3.31 2.64 2.94
OPM % 3.28% 2.00% 1.93% -5.04% -2.99% 2.00% 2.50% 2.99% 5.46% 4.26% 4.12% 3.24% 4.84%
0.25 0.31 0.55 0.30 0.38 0.34 0.34 0.35 0.50 0.40 0.53 0.27 -0.03
Interest 0.16 0.21 0.29 0.26 0.38 0.46 0.56 0.75 0.87 0.76 0.76 0.58 0.69
Depreciation 0.40 0.48 0.51 0.55 0.58 0.55 0.63 0.82 1.08 0.87 1.06 1.19 0.99
Profit before tax 0.73 0.25 0.67 -2.21 -1.71 0.53 1.03 1.06 3.58 2.39 2.02 1.14 1.23
Tax % 19.18% 12.00% 34.33% 24.43% 22.81% 28.30% 25.24% 24.53% 23.18% 25.52% 26.24% 21.05% 24.39%
0.59 0.22 0.44 -1.67 -1.32 0.38 0.77 0.80 2.75 1.78 1.49 0.90 0.93
EPS in Rs 2.46 0.92 1.84 -6.97 -5.51 1.58 3.21 3.34 11.47 7.42 6.21 3.75 3.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
75 81 94 96 93 114 131 85 95 151 304 308
71 77 90 93 90 109 125 86 93 152 293 295
Operating Profit 4 4 4 3 3 5 6 -1 2 -1 10 13
OPM % 5% 5% 4% 3% 3% 5% 4% -1% 2% -1% 3% 4%
1 1 1 1 1 1 1 4 1 2 2 1
Interest 0 0 0 0 0 0 0 0 1 1 3 3
Depreciation 1 1 1 1 1 1 1 1 2 2 3 4
Profit before tax 3 4 4 3 3 5 5 2 1 -3 6 7
Tax % 33% 34% 32% 34% 32% 31% 28% 32% 1% 22% 24% 25%
2 2 2 2 2 3 3 1 1 -2 5 5
EPS in Rs 9.47 9.80 10.05 8.47 9.59 14.22 14.47 5.21 3.50 -9.72 19.60 21.27
Dividend Payout % 32% 36% 35% 41% 42% 32% 31% 67% 100% 0% 20% 21%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 48%
TTM: 1%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 82%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 41%
1 Year: 28%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 7%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

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 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 21 22 23 24 26 29 31 31 31 28 33 36
0 0 0 0 0 4 5 5 10 28 39 27
22 25 26 23 24 34 28 26 35 47 56 46
Total Liabilities 45 50 51 49 53 69 66 65 78 105 130 112
10 10 9 9 10 13 14 9 9 13 33 34
CWIP 1 0 1 1 0 0 0 0 1 10 1 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
34 39 41 39 42 56 52 56 68 82 96 78
Total Assets 45 50 51 49 53 69 66 65 78 105 130 112

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 0 1 4 -0 -1 3 -7 -1 -9 17 11
-2 -0 -1 -0 -1 -3 -1 7 -0 -14 -10 -3
-1 -1 -1 -1 -1 3 -0 -2 2 16 6 -16
Net Cash Flow 1 -1 -0 3 -2 -1 1 -1 0 -7 13 -8

Ratios

Figures in Rs. Crores

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 83 96 78 62 76 99 73 90 108 84 44 44
Inventory Days 30 28 31 30 31 28 26 44 45 46 36 33
Days Payable 109 120 104 89 101 122 82 125 149 125 75 62
Cash Conversion Cycle 3 4 5 3 6 4 17 9 4 6 6 15
Working Capital Days 24 33 36 25 35 37 35 37 36 26 20 26
ROCE % 15% 15% 14% 12% 12% 16% 14% -2% 3% -4% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%
0.52% 0.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
20.04% 20.04% 20.56% 20.56% 20.56% 20.56% 20.56% 20.57% 20.56% 20.56% 20.56% 20.56%
No. of Shareholders 1,5181,5171,5461,5421,5771,6161,5601,4881,6041,6851,9241,939

* 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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Documents

Announcements

Annual reports