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Sal Automotive Ltd (539353)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539353 NSE: Auto Ancillary | Small Cap | Sal Automotive Share Price

₹188.90 -9.10 (-4.60%)

As on 04-Jun'26 16:59

Sal Automotive Ltd (539353)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539353 NSE: Auto Ancillary | Small Cap | Sal Automotive Share Price

₹188.90 -9.10 (-4.60%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹91 Cr.
Current Price
₹188.9
52-Week Low / High
₹164 / 299
TTM EPS
₹8.9
TTM Sales
₹384 Cr.
Book Value per Share
₹96.2
P/E Ratio
21.26
In line with its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
1.96
Lower than its 5-year historical median
Price to Sales (P/S)
0.24
Lower than its 5-year historical median
EV/EBITDA
9.33
Lower than its 5-year historical median
Dividend Yield
0.39%
Profitability Efficiency
Return on Equity (ROE)
13.18%
Outperforms industry median
Return on Capital Employed (ROCE)
15.95%
Outperforms industry median
Return on Assets (ROA)
4.59%
Operating Profit Margin
3.4%
Net Profit Margin
1.43%
Gross Profit Margin
3.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
22.84%
Operating Profit Growth (1 Year)
-
0.47%
Net Profit Growth (1 Year)
-
5.88%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹41 Cr.
Equity
₹4.8 Cr.
Face Value
₹10
All Time Low / High
₹6.25 / 442.20

Sal Automotive stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Sal Automotive Ltd a good quality company?
Sal Automotive Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sal Automotive Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sal Automotive Ltd vs industry peers?
Sal Automotive Ltd revenue CAGR is 34.61%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sal Automotive Ltd?
Promoters hold 75.00% of the Sal Automotive Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sal Automotive Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 32.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sal Automotive Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.7%12.6%17.1%16%6.7%3.6%-3.7%13.8%14.3%16%-
Value Creation
Index
-0.2-0.10.20.1-0.5-0.7-1.30.00.00.1-

Growth Parameters

Sales 95.69311413185.594.6151304308378384
Sales YoY Gr.--2.8%22.3%14.9%-34.6%10.6%59.3%101.8%1.2%22.8%-
Adj EPS 4.24.86.97.2-1.91.8-4.99.810.711.38.9
YoY Gr.-12%44.8%5.2%-125.7%NA-377.1%NA8.7%5.6%-
BVPS (₹) 54.660.365.269.769.77063.372.98189.796.2
Adj Net
Profit
22.33.33.5-0.90.8-2.34.75.15.44
Cash Flow from Ops. 4.1-0.4-0.72.7-6.6-1.5-9.516.610.99.5-
Debt/CF from Ops. 00-0.40-0-6-2.92.22.22.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.5%34.6%35.9%22.8%
Adj EPS 11.5%NANA5.6%
BVPS5.7%5.2%12.4%10.8%
Share Price 31.7% 15.1% -2% -28.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.98.31110.7-2.72.5-7.314.413.913.29.6
Op. Profit
Mgn %
3.13.54.54.4-0.71.6-0.83.44.13.42.9
Net Profit
Mgn %
2.12.52.92.7-10.9-1.61.61.71.41.1
Debt to
Equity
000000.30.910.60.50.1
Working Cap
Days
10310612412419120516897927645
Cash Conv.
Cycle
101018244027231115152

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales95.6492.99113.71130.6585.4794.55150.58303.79307.52377.76
Operating Expenses + 92.6889.77108.57124.9286.0693.03151.84293.39294.79364.97
Manufacturing Costs4.884.615.224.743.823.795.3410.089.9212.18
Material Costs69.1965.2282.2197.2560.5868.63117.24243.39239.47299.88
Employee Cost 15.3115.9616.6618.7317.7616.7124.0733.7438.7245.71
Other Costs 3.313.984.484.213.903.905.186.186.677.21
Operating Profit 2.953.225.145.73-0.591.52-1.2510.3912.7312.79
Operating Profit Margin (%) 3.1%3.5%4.5%4.4%-0.7%1.6%-0.8%3.4%4.1%3.4%
Other Income + 0.850.990.930.831.231.401.541.530.961.73
Exceptional Items 00003.0600000
Interest 0.020.070.200.370.420.531.162.652.812.36
Depreciation 0.800.760.901.371.441.542.133.084.114.28
Profit Before Tax 2.983.394.964.821.840.85-36.206.787.87
Tax 0.941.091.561.350.590.01-0.671.501.682.48
Profit After Tax 2.032.303.413.471.250.84-2.334.705.105.40
PAT Margin (%) 2.1%2.5%3.0%2.7%1.5%0.9%-1.5%1.6%1.7%1.4%
Adjusted EPS (₹)4.24.87.17.22.61.8-4.99.810.611.3
Dividend Payout Ratio (%)41.30%41.70%31.70%31.10%67%100%0%20.40%21.20%11.10%

Valuation of Sal Automotive - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 26.1928.9031.2633.4333.4233.5530.3434.9538.8343.03
Share Capital 2.402.402.402.402.402.402.402.402.402.40
Reserves 23.7926.5028.8631.0331.0331.1627.9432.5536.4440.63
Debt +000.220.080.056.4024.9429.7715.7415.11
Long Term Debt000.220.080.052.412.118.880.155.16
Short Term Debt000003.9922.8220.8915.599.95
Minority Interest0000000000
Trade Payables17.1918.3627.9822.0720.9228.4040.3650.2340.5749.85
Others Liabilities 4.473.777.809.109.498.678.0415.1916.9015.30
Total Liabilities 47.8551.0367.2764.6863.8877.03103.68130.14112.05123.29

Fixed Assets

Net Fixed Assets +8.995.788.799.069.099.3013.0932.6033.7536.35
Gross Block23.9621.3624.0725.7027.1528.7734.2556.2661.0867.26
Accumulated Depreciation14.9715.5815.2816.6518.0719.4721.1723.6627.3330.91
CWIP 0.870.030.100.070.070.909.961.350.450.37
Investments 04.514.514.51000000
Inventories5.725.606.346.927.388.6214.9524.3221.6823.09
Trade Receivables16.3119.3230.7726.1420.9628.0634.8137.0136.7644.22
Cash Equivalents 10.508.547.228.597.588.031.0713.595.101.86
Others Assets 5.467.249.549.3918.8122.1229.8021.2714.3017.40
Total Assets 47.8551.0367.2764.6863.8877.03103.68130.14112.05123.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4.07-0.39-0.692.67-6.58-1.48-9.4816.6110.939.52
PBT 2.983.394.964.821.840.85-36.206.787.87
Adjustment 00.300.360.99-2.340.981.904.175.785.81
Changes in Working Capital 2.25-2.97-4.45-1.65-5.64-3.47-8.346.04-0.59-2.07
Tax Paid -1.16-1.10-1.56-1.50-0.430.16-0.040.20-1.04-2.09
Cash Flow From Investing Activity + -0.23-0.55-3.17-0.897.28-0.43-13.68-9.82-3.31-5.96
Capex -0.82-1.19-3.81-1.616.11-1.68-14.97-11.24-4.09-6.59
Net Investments 0000000000
Others 0.590.650.640.731.161.251.301.430.790.62
Cash Flow From Financing Activity + -1.01-1.032.55-0.41-1.712.3616.205.72-16.12-6.79
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-0.02-0.12-0.35-0.39-0.51-1.14-2.64-2.79-2.32
Dividend Paid -1.01-0.84-0.96-1.08-1.08-0.84-0.840-0.96-1.08
Others 0-0.173.631.02-0.243.7118.188.36-12.37-3.40
Net Cash Flow 2.83-1.96-1.321.37-1.010.45-6.9512.51-8.49-3.24

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.928.3611.3210.743.752.51-7.2814.413.8213.18
ROCE (%)11.6812.5517.115.976.743.64-3.6813.7814.2815.95
Asset Turnover Ratio2.162.081.971.981.331.341.672.62.543.21
PAT to CFO Conversion(x)2-0.17-0.20.77-5.26-1.76N/A3.532.141.76
Working Capital Days
Receivable Days6363.1078.5079.50100.6094.6076.2043.2043.8039.10
Inventory Days2020.1018.7018.5030.5030.9028.6023.6027.3021.60
Payable Days97.3099.50102.9093.90129.50131.2010767.9069.2055

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sal Automotive Ltd FAQs

The current trading price of Sal Automotive on 04-Jun-2026 16:59 is ₹188.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Sal Automotive stood at ₹90.59 Cr

The latest P/E ratio of Sal Automotive as of 03-Jun-2026 is 21.26.

The latest P/B ratio of Sal Automotive as of 03-Jun-2026 is 1.96.

The 52-week high of Sal Automotive is ₹298.8 and the 52-week low is ₹164.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sal Automotive is ₹384 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sal Automotive Ltd is a average quality company.

The key valuation ratios of Sal Automotive Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sal Automotive Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Sal Automotive Ltd

Established in 1974, SAL Automotive Limited (Formerly Swaraj Automotives Limited) is an emerging global manufacturer of Automotive Components, Seats and Agricultural Implements. The company is a leading and preferred Supplier to the Indian Automotive Industry.

Inaugurated by the President of India as Punjab Scooters Limited and started manufacturing scooter named as “Vijay Kesari”. Company diversified into manufacturing of Seats in 1986 and Seat Mechanism in 1994 in technological tie-up with Fuji Kiko of Japan. In the year 2014, company extended its product portfolio with agricultural implements.

The company employs dedicated shop floor workers supported by experienced technical and managerial staff. The company has adequate facilities to design and develop Seats, Seat Mechanisms and Agricultural Implements to cater the need of the valuable customers.

Business area of the company

The company is engaged in manufacturing business of Automobile Components, which includes Tractor seats, LCV seats, Seat mechanisms for passenger cars & commercial vehicles and Seat frames for commercial vehicles and Agriculture Implements, which include Rotavators, Tractor trailers and Planter etc.

Product Portfolio

  • Seats
  • Seat Mechanism
  • Agriculture Implements
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