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Suprajit Engineering Ltd. Stock Analysis

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Evaluated by 2399 users | BSE: 532509 | NSE: SUPRAJIT |
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Suprajit Engineering Ltd (SEL) was incorporated on May 24,1985 as a private limited company and was converted into public limited company on June 15,1995.Suprajit started manufacturing high quality liner cables exacting Japanese standards for the automotive industry in 1987. It is today...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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.
Suprajit Engineering Ltd. has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 25.37%24.37%20.51%18.28%15.13%13.98%15.35%15.7%12.19%10.31%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3474244635456129531,2031,4311,5901,563
Y-o-Y Gr. Rt.-22.2%9.2%17.9%12.2%55.7%26.3%19%11.1%-1.7%
Adjusted EPS (Rs.) 2.683.213.534.054.035.187.819.328.097.6
Y-o-Y Gr. Rt.-19.8%10%14.7%-0.5%28.5%50.8%19.3%-13.2%-6.1%
Book Value per Share (Rs.) 8.0810.7613.8917.0620.0634.0837.4846.8255.0560.67
Adjusted Net Profit 32.238.542.448.648.368109130113106
Net Op. Cash Flow (Rs. Cr.) 36.626.345.737.567.292.8126217145232
Debt to Cash Flow from Ops 1.83.152.454.162.883.2131.592.51.64
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Suprajit Engineering Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 18.2%20.6%9.1%-1.7%
Adjusted EPS 12.3%13.5%-0.9%-6.1%
Book Value per Share 25.124.817.410.2
Share Price 27.7% 5.1% -13.1% -7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 38.4834.0828.6626.1721.6919.7522.4822.115.8213.06
Operating Profit Margin (%) 16.5616.3416.9617.0815.7616.3416.9416.5714.6514
Net Profit Margin (%) 9.449.099.178.927.98.029.089.117.116.8
Debt to Equity 0.680.640.670.760.80.670.720.530.470.45
Working Capital Days 101106111117122118137141142147
Cash Conversion Cycle 53495361686679777777
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 44.57%
Institutions 15.98%
Non-Institutions 39.45%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Suprajit Engineering and arrived at the following conclusion:

Past 10 year's financial track record indicates that Suprajit Engineering is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Suprajit Engineering's performance infers:

Suprajit Engineering earnings have grown by 13.5%, whereas share price has appreciated 5.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Suprajit Engineering share prices over the last 10 years. Here is what we found out:

Suprajit Engineering share price has appreciated 23.3% annually over the past ten years.

Suprajit Engineering Ltd (SEL) was incorporated on May 24,1985 as a private limited company and was converted into public limited company on June 15,1995.

Suprajit started manufacturing high quality liner cables exacting Japanese standards for the automotive industry in 1987. It is today India’s most preferred manufacturer of cables and instruments and meets the demand of virtually every major OEM in the automotive sector.

It is a customer centric company, ready to take on

Suprajit Engineering Ltd (SEL) was incorporated on May 24,1985 as a private limited company and was converted into public limited company on June 15,1995.

Suprajit started manufacturing high quality liner cables exacting Japanese standards for the automotive industry in 1987. It is today India’s most preferred manufacturer of cables and instruments and meets the demand of virtually every major OEM in the automotive sector.

It is a customer centric company, ready to take on challenging product development and manufacturing to international specifications for a wide range of automotive cables and instruments. Today catering to a wide spectrum of automotive and non-automotive cable requirements Suprajit has achieved a phenomenal growth, making it India's largest manufacturer of automotive cables with a capacity of over 50 million cables a year.

It  has one of the largest manufacturing capacities for any one company in a specific country in the world.

Suprajit is committed to being a world class organization, supplying cables and components to overseas and domestic customers in automobile and non-automobile sectors.

With ISO/TS 169 49 2002 certifications, Suprajit practices a philosophy of continuous improvement and adopts processes that ensures fool proof & defect free manufacturing. Suprajit also seamlessly and efficiently satisfies its customer needs by optimizing production cycles.

In 2011 - Gills Cables Limited was renamed as Suprajit Europe Ltd.

Product range of the company includes:

Automotive Cables

  • Brake cables
  • Clutch cables
  • Throttle cables
  • Starting cables
  • Gear Shift cables
  • Choke cables
  • Speedometer
  • Tachometer cables
  • Window Regulator cables
  • Mirror cable assemblies
  • Seat recliner cables
  • Latch Release cables, and many more.

Non - Automotive CablesCables for:

  • Washing Machines
  • Material Handling
  • Earth Moving Equipment
  • Marine applications and many more.

Push-Pull Cables

  • Push Pull Cables for varied applications.  

Clientele:

  • TVS Motor Company
  • Hero Honda Motors
  • Bajaj Auto
  • Telco
  • Yamaha Motor
  • Hyundai Motors (Tier-II)
  • Ford (Tier-II)
  • Honda Motorcycles & Scooters
  • L M L
  • Lear Corporation
  • Eicher Motors
  • General Motors (Tier-II)
  • Mahindra & Mahindra
  • Swaraj Mazda
  • Piaggio
  • JCB

Achievements/ recognition:

  • ISO/TS 169 49 2002 certification
  • 2010 - Awarded by KSFC as Best Enterprise of the State
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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