SJS Enterprises Ltd - Stock Valuation and Financial Performance

BSE: 543387 | NSE: SJS | Auto Ancillary | Small Cap

SJS Enterprises Share Price

605.15 -4.10 -0.67%
as on 18-Apr'24 16:01

DeciZen - make an informed investing decision on SJS Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

SJS Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
30.75
Market Cap:
1,885.6 Cr.
52-wk low:
390
52-wk high:
729.2

Is SJS Enterprises Ltd an attractive stock to invest in?

1. Is SJS Enterprises Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SJS Enterprises Ltd is a good quality company.

2. Is SJS Enterprises Ltd undervalued or overvalued?

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

3. Is SJS Enterprises Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SJS Enterprises Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SJS Enterprises:

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.
SJS Enterprises Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.7%15.3%16.2%15.1%14.6%-
Value Creation
Index
0.20.10.20.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 237216252268296330
Sales YoY Gr.--8.9%16.4%6.5%10.6%-
Adj EPS 13.913.41616.91919.8
YoY Gr.--4.2%19.6%5.8%12.6%-
BVPS (₹) 78.491.9103.6117136.1160.6
Adj Net
Profit
42.440.648.651.457.861
Cash Flow from Ops. 35.858.357.956.579.2-
Debt/CF from Ops. 0.70.10.20.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA11.1%10.6%
Adj EPS NANA12.5%12.6%
BVPSNANA14%16.3%
Share Price - - - 47.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.815.716.315.314.913.3
Op. Profit
Mgn %
2929.830.830.829.628.3
Net Profit
Mgn %
17.918.819.319.219.518.6
Debt to
Equity
0.10000.1-
Working Cap
Days
0150137143132116
Cash Conv.
Cycle
08268847679

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.07%

Net Profit is growing at healthy rate in last 3 years 12.48%

Sales growth is good in last 4 quarters at 10.25%

Return on Equity has declined versus last 3 years average to 13.30%

Latest Financials - SJS Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 19.8 23.7
TTM Sales (₹ Cr.) 330 548
BVPS (₹.) 160.6 167.2
Reserves (₹ Cr.) 467 488
P/BV 3.78 3.63
PE 30.75 25.66
From the Market
52 Week Low / High (₹) 390.00 / 729.15
All Time Low / High (₹) 340.00 / 729.15
Market Cap (₹ Cr.) 1,886
Equity (₹ Cr.) 31
Face Value (₹) 10
Industry PE 47.2

Management X-Ray of SJS Enterprises:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of SJS Enterprises

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales237216252268296
Operating Expenses 169152175186209
Manufacturing Costs2425293341
Material Costs958297101110
Employee Cost 3233364145
Other Costs 1812131113
Operating Profit 6864768287
Operating Profit Margin (%) 28.8%29.5%30.3%30.7%29.5%
Other Income 45439
Interest 22111
Depreciation 1013151516
Exceptional Items -70000
Profit Before Tax 5354646979
Tax 1513161820
Profit After Tax 3841485259
PAT Margin (%) 15.8%19.1%19.0%19.4%19.8%
Adjusted EPS (₹)12.413.615.717.019.3
Dividend Payout Ratio (%)0%0%25%21%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 239280315356414
Share Capital 3030303030
Reserves 208249285326384
Minority Interest00000
Debt2369819
Long Term Debt00000
Short Term Debt2369819
Trade Payables1121251420
Others Liabilities 3225343335
Total Liabilities 304332384411488

Fixed Assets

Gross Block202217222235245
Accumulated Depreciation4456678298
Net Fixed Assets158160155153147
CWIP 00401
Investments 557081142203
Inventories2528332832
Trade Receivables4645605955
Cash Equivalents 311381026
Others Assets1819121925
Total Assets 304332384411488

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3658585679
PBT 5354646979
Adjustment 911141513
Changes in Working Capital -83-5-1110
Tax Paid -19-10-15-17-22
Cash Flow From Investing Activity -44-32-37-60-89
Capex -45-16-10-11-14
Net Investments 3-11-2515-70
Others -2-5-2-64-5
Cash Flow From Financing Activity 9-18-10-1311
Net Proceeds from Shares 20000
Net Proceeds from Borrowing 00000
Interest Paid -1-100-1
Dividend Paid 00-12-110
Others 8-173-211
Net Cash Flow 0811-171
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.7615.9316.0615.4515.26
ROCE (%)20.9820.521.4520.419.83
Asset Turnover Ratio0.80.690.730.680.67
PAT to CFO Conversion(x)0.951.411.211.081.34
Working Capital Days
Receivable Days6976738069
Inventory Days3744434136
Payable Days4171877158

SJS Enterprises Ltd Stock News

SJS Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SJS Enterprises on 18-Apr-2024 16:01 is ₹605.1.
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 18-Apr-2024 16:01 the market cap of SJS Enterprises stood at ₹1,885.6.
The latest P/E ratio of SJS Enterprises as of 18-Apr-2024 16:01 is 30.75.
The latest P/B ratio of SJS Enterprises as of 18-Apr-2024 16:01 is 3.78.
The 52-week high of SJS Enterprises is ₹729.1 and the 52-week low is ₹390.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SJS Enterprises is ₹330.5 ( Cr.) .

About SJS Enterprises Ltd

S.J.S. Enterprises is one of the leading players in the Indian decorative aesthetics industry, offered the widest range of aesthetics products in India. The company is 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. It differentiates itself on the basis of the wide range of its product portfolio, quality of its product offerings, product design and development capabilities and the strength of its relationships with customers located across various industries globally.

In addition to manufacturing aesthetics products that cater to the requirements for two-wheeler, passenger vehicle and consumer appliance industries, the company also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries. Its product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, ‘In-mould’ label or decoration parts (IML/IMD(s)), lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts. It also offers a variety of accessories for the two-wheelers’ and passenger vehicles’ aftermarket under its ‘Transform’ brand.

Business area of the company

The company is one of the leading decorative aesthetics suppliers with the widest product coverage across decorative aesthetics pertaining to major vehicle segments such as two-wheelers, passenger vehicles and consumer durable.

Awards, certifications, accreditations and recognitions

  • 2012: Received “Certificate of Appreciation for Significant Contribution and Support Towards Localisation of Components” from Salcomp India.
  • 2012: Received “Recognition Award” for valuable support and contribution from Honda.
  • 2013: Received the “Gold Award” from QCFI, Bengaluru chapter on Quality Concept. 2013: Received “Certificate of Appreciation for Significant Contribution and Support Towards Localisation of Components” from Salcomp India.
  • 2014: Received the “Gold Award” from QCFI, Bengaluru chapter at RCQC 2014
  • 2015: Received “Excellence Award for Development” from Yamaha Motor India Group.
  • 2015: Received “Vendor Performance Award - Cost Reduction Wave” from Suzuki Motorcycle India Private Limited.
  • 2016: Received the “Gold Award” from QCFI, Bengaluru chapter on Quality Concept.
  • 2016: Received the “Gold Award” from QCFI at the Regional Convention on Quality Concept, Mysore.
  • 2016: Received a “Certificate of Appreciation” from Mindarika Private Limited.
  • 2017: Received “Excellence Award for Cost” from Yamaha Motor India Group.
  • 2017: Received “Whirlpool Supplier Award - Quality Excellence” from Whirlpool Corporation.
  • 2017: Received “Certificate of Appreciation in recognition of Grade ‘A’ in Supplier Evaluation 2016”.
  • 2017: Received “Recognition Award” for valuable support and contribution from Honda.
  • 2018: Received recognition for “Supply Chain Partnership” from Royal Enfield.
  • 2018: Received the “Excellence Award” at the National Convention on Quality Concepts, Gwalior from QCFI.
  • 2018: Received the “Gold Award” at the Chapter Convention on Quality Concept, Mysore.
  • 2018: Awarded second position at the First Zonal Competition on Poka-Yoke by ACMA (Southern Region).
  • 2019: Received “Performance Award - Spare Delivery” from Suzuki Motorcyle India Private Limited.
  • 2019: Received a certificate for “Great Workplace” in category of “Small and Mid-Sized Organizations” from Great Place to Work Institute, India.
  • 2019: Received a “Gold” certificate for “Building Design and Construction: New Construction and Major Renovations” from Green Business Certification Inc.
  • 2019: Received the “Gold Award” from QCFI, Bengaluru chapter on Quality Concept.
  • 2019: Awarded second position at the Second Zonal Kaizen Contest by ACMA (Southern Region).
  • 2020: Received a certificate for “Great Workplace” in category of “Small and Mid-Sized Organizations” from Great Place to Work Institute, India.

Major events and milestones 

  • 1987: Incorporated as a partnership firm in the name of “SJS Enterprises”.
  • 2006: Joint Venture with Serigraph, a US based commercial printing player,
  • 2010: Entry into new product lines in segments such as 3D lux badges.
  • 2015: Acquisition of majority stake by Evergraph.
  • 2016: Entry into new product lines - aluminium badges.
  • 2018: New manufacturing facility commissioned with 235,000 sq. ft. area.
  • 2018: Entry into new product lines - IMD/ IML parts.
  • 2020: Entry into new product line - formed appliques segment.
  • 2021: Acquisition of Exotech
  • 2021: Entry into chrome plating.
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