S J S Enterprises Ltd

S J S Enterprises Ltd

₹ 817 1.35%
02 Jul 4:01 p.m.
About

SJS Enterprises Ltd. (SJS) is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. It offers a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.[1]

Key Points

Product Offerings
The Co has ~6700 SKU, 11 product categories including chrome plated parts
Design” to delivery” aesthetics solution provider for a wide range of customers primarily in the automotive and consumer appliance industries.[1]
Some of its product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, "In-mold" label or decoration parts ("IML/IMD(s)"), lens mask assembly and chrome-plated, printed and painted injection-molded plastic parts.
The company also offers a variety of accessories for the two-wheelers' and passenger vehicles' aftermarket under the "Transform" brand. [2]

  • Market Cap 2,538 Cr.
  • Current Price 817
  • High / Low 842 / 552
  • Stock P/E 37.6
  • Book Value 168
  • Dividend Yield 0.00 %
  • ROCE 18.8 %
  • ROE 14.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.90% over past five years.
  • Promoter holding is low: 21.8%
  • Dividend payout has been low at 7.14% of profits 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
74 57 71 66 73 74 82 71 69 83 87 91 102
56 41 50 44 52 51 57 50 52 59 62 64 74
Operating Profit 18 16 22 22 22 23 25 22 18 24 25 27 28
OPM % 25% 29% 31% 33% 30% 31% 31% 30% 26% 28% 29% 30% 28%
1 1 1 1 1 1 2 2 3 3 2 1 1
Interest 0 0 0 0 0 0 0 0 0 1 2 1 1
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 15 13 18 19 19 20 23 20 16 22 21 22 24
Tax % 26% 24% 26% 26% 25% 25% 26% 27% 23% 25% 21% 25% 23%
11 10 14 14 14 15 17 14 12 16 16 17 18
EPS in Rs 3.66 3.31 4.48 4.55 4.70 4.99 5.63 4.70 3.99 5.25 5.27 5.33 5.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
153 184 226 237 216 252 268 296 363
110 125 152 168 152 174 185 209 259
Operating Profit 42 59 74 69 64 78 83 88 104
OPM % 28% 32% 33% 29% 30% 31% 31% 30% 29%
2 7 3 -4 5 3 3 8 7
Interest 2 1 1 2 2 1 1 1 5
Depreciation 5 5 5 10 13 15 15 16 17
Profit before tax 37 60 71 53 54 64 69 79 89
Tax % 36% 36% 33% 29% 24% 26% 25% 25% 24%
24 39 47 38 41 48 52 59 68
EPS in Rs 78.93 12.99 15.74 12.35 13.57 15.69 17.04 19.31 21.77
Dividend Payout % 0% 0% 0% 0% 29% 25% 21% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 13%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 12%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 44%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 15%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 30 30 30 30 30 30 30 31
Reserves 61 98 148 208 249 285 327 388 491
8 0 16 23 6 9 8 19 42
20 33 40 42 46 59 46 51 60
Total Liabilities 93 162 233 304 332 384 411 488 624
29 35 36 158 160 155 153 147 142
CWIP 3 8 53 0 0 4 0 1 1
Investments 0 42 56 55 70 81 142 203 342
61 76 89 91 102 143 116 138 139
Total Assets 93 162 233 304 332 384 411 488 624

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
44 37 36 58 58 56 79 64
-48 -46 -44 -32 -37 -60 -89 -107
-6 7 9 -18 -10 -13 11 48
Net Cash Flow -11 -2 0 8 11 -17 1 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 54 79 70 76 87 80 68 85
Inventory Days 88 87 106 95 123 125 101 106 81
Days Payable 52 57 77 41 94 95 52 68 61
Cash Conversion Cycle 105 84 109 124 105 116 129 106 106
Working Capital Days 71 31 60 67 72 72 80 67 103
ROCE % 45% 27% 21% 22% 20% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.37% 50.37% 50.37% 50.37% 50.37% 50.37% 51.33% 21.81% 21.81% 21.81%
6.04% 5.09% 5.09% 5.31% 5.78% 5.60% 5.32% 14.27% 12.85% 15.11%
18.32% 18.73% 18.53% 15.87% 13.39% 13.41% 12.60% 30.53% 31.93% 32.06%
25.27% 25.80% 26.01% 28.45% 30.45% 30.62% 30.74% 33.41% 33.41% 31.02%
No. of Shareholders 93,88886,48878,46378,16775,60874,30663,61264,87365,63360,752

* 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.

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