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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Suprajit Engineering Ltd

About the Company - Suprajit Engineering Ltd

Suprajit Engineering Ltd. is a Public Limited Listed company incorporated on 24/05/1985 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L29199KA1985PLC006934 and registration number is 006934. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 1271.28 Cr. and Equity Capital is Rs. 13.84 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Equipment OthersPlot No. 100 & 101, Bommasandra Indl. Area, Bengaluru Karnataka 560099info@suprajit.com
http://www.suprajit.com
Management
NamePosition Held
Mr. K Ajith Kumar RaiExecutive Chairman
Mr. N S MohanManaging Director & CEO
Mr. Ian WilliamsonDirector
Mr. Suresh ShettyDirector
Dr.(Ms.) Supriya A RaiDirector
Mr. M LakshminarayanDirector
Mrs. Bharati RaoDirector
Mr. Harish Hassan VisweswaraDirector
Mr. Akhilesh RaiDirector

Suprajit Engineering Ltd. Share Price Update

Share PriceValue
Today₹404.00
Previous Day₹399.20

Basic Stock Data of Suprajit Engineering Ltd

Market Cap 5,991 Cr.
Current Price 433
High / Low447/323
Stock P/E40.2
Book Value 91.9
Dividend Yield0.54 %
ROCE15.3 %
ROE13.2 %
Face Value 1.00

Data Source: screener.in

Competitors of Suprajit Engineering Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Suprajit Engineering Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales443507513362494479506645716692699680709
Expenses370421431312414425429591637611612608639
Operating Profit73868249805477547981877170
OPM %17%17%16%14%16%11%15%8%11%12%12%11%10%
Other Income97122311871822561319
Interest65354336810111214
Depreciation14141414151415242425232526
Profit before tax62747753734565426951584849
Tax %23%30%25%18%32%29%25%35%34%25%29%31%29%
Net Profit48525843503249274638413335
EPS in Rs3.443.694.113.123.582.293.511.973.312.752.962.392.51

Suprajit Engineering Ltd Quarterly Chart

Suprajit Engineering Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4214585406059401,2031,4311,5901,5631,6411,8402,7522,780
Expenses3533804475087849991,1941,3571,3441,4041,5802,4392,470
Operating Profit68789397156204237233219237260313309
OPM %16%17%17%16%17%17%17%15%14%14%14%11%11%
Other Income484410182138-534483842
Interest10111417263027252319153647
Depreciation7889162737415857599598
Profit before tax55677475123164193205133194235220206
Tax %27%29%32%33%35%31%28%35%22%27%26%31%
Net Profit4047515080114138134104143173152147
EPS in Rs3.323.934.234.195.488.669.909.577.4310.2012.5110.9910.61
Dividend Payout %20%19%22%23%19%17%14%16%24%17%16%21%

Suprajit Engineering Ltd Profit & Loss Yearly Chart

Suprajit Engineering Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:14%
3 Years:21%
TTM:10%
Compounded Profit Growth
10 Years:14%
5 Years:2%
3 Years:8%
TTM:-7%
Stock Price CAGR
10 Years:20%
5 Years:14%
3 Years:14%
1 Year:11%
Return on Equity
10 Years:18%
5 Years:15%
3 Years:15%
Last Year:13%

Suprajit Engineering Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212131414141414141414
Reserves1171551932294345106417618409761,0701,2111,258
Borrowings83112156194298378345362391346337718722
Other Liabilities70739594216236306321350391336529547
Total Liabilities2823524565299621,1381,3061,4581,5941,7271,7572,4712,540
Fixed Assets101119152168330556544553613598588807831
CWIP1318117182327155102817
Investments18457511214923130172276320262445517
Other Assets1501702282324655576297066898048971,1911,175
Total Assets2823524565299621,1381,3061,4581,5941,7271,7572,4712,540

Suprajit Engineering Ltd Reserves and Borrowings Chart

Suprajit Engineering Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2646386793126217145232161182239
Cash from Investing Activity -39-51-53-76-240-169-123-89-154-5939-548
Cash from Financing Activity 13914715147-85-42-61-86-111223
Net Cash Flow14-1-14310141716109-86

Suprajit Engineering Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days777480758174746764745961
Inventory Days52618578110109110113116126122120
Days Payable625865566156837085956666
Cash Conversion Cycle68771019813012710011095105116115
Working Capital Days596278679493687466878786
ROCE %34%29%27%23%24%23%23%22%15%17%17%15%

Suprajit Engineering Ltd Financial Efficiency Indicators Chart

Suprajit Engineering Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.57%44.62%44.62%44.61%44.64%44.64%44.64%44.64%44.64%44.64%44.63%44.63%
FIIs4.33%4.40%4.68%5.92%5.01%4.95%5.42%5.10%5.07%5.11%4.76%4.56%
DIIs12.26%13.12%13.29%14.11%14.90%14.81%15.20%15.62%15.95%15.90%15.86%16.21%
Public38.85%37.86%37.42%35.36%35.45%35.60%34.72%34.65%34.31%34.34%34.75%34.62%
No. of Shareholders52,94358,64663,88568,64069,02770,15379,14882,13075,59474,91075,39677,545

Suprajit Engineering Ltd Shareholding Pattern Chart

No. of Suprajit Engineering Ltd Shareholders

Suprajit Engineering Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund93239352.8379.06
HDFC Small Cap Fund - Regular Plan88840171.35361.18
ICICI Prudential Large & Mid Cap Fund8561060.3434.81
ICICI Prudential Multi Asset Fund5057380.0720.56
HDFC Multi Cap Fund4000000.1516.26
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan2386000.769.7
Kotak Small Cap Fund - Regular Plan2252800.079.16
HDFC Transportation and Logistics Fund2000001.228.13
ICICI Prudential Transportation and Logistics Fund1964160.317.99
ICICI Prudential Regular Savings Fund1946570.237.89

Suprajit Engineering Ltd ROCE Trend

Suprajit Engineering Ltd EPS Trend

Suprajit Engineering Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)10.9912.4910.207.439.57
Diluted EPS (Rs.)10.9812.4810.207.439.57
Cash EPS (Rs.)17.8916.7314.2611.5912.50
Book Value[Excl.RevalReserv]/Share (Rs.)88.4878.3370.7661.0455.41
Book Value[Incl.RevalReserv]/Share (Rs.)88.4878.3370.7661.0455.41
Revenue From Operations / Share (Rs.)198.88132.99117.31111.73113.67
PBDIT / Share (Rs.)25.3821.4319.3317.2419.36
PBIT / Share (Rs.)18.4817.2015.2713.0816.43
PBT / Share (Rs.)15.9116.9913.899.5014.67
Net Profit / Share (Rs.)10.9912.5110.207.439.57
NP After MI And SOA / Share (Rs.)10.9912.5110.207.439.57
PBDIT Margin (%)12.7616.1116.4715.4217.03
PBIT Margin (%)9.2912.9313.0111.7014.45
PBT Margin (%)8.0012.7711.848.5012.90
Net Profit Margin (%)5.529.408.696.658.41
NP After MI And SOA Margin (%)5.529.408.696.658.41
Return on Networth / Equity (%)12.4215.9614.4112.1717.26
Return on Capital Employeed (%)15.7920.0919.2218.2624.28
Return On Assets (%)6.249.958.326.579.24
Long Term Debt / Equity (X)0.210.010.030.070.12
Total Debt / Equity (X)0.520.280.270.360.38
Asset Turnover Ratio (%)0.860.820.760.800.89
Current Ratio (X)1.922.021.761.471.65
Quick Ratio (X)1.321.401.240.981.11
Inventory Turnover Ratio (X)3.363.233.123.183.61
Dividend Payout Ratio (NP) (%)19.5615.197.3534.9715.68
Dividend Payout Ratio (CP) (%)12.0111.355.2522.4312.00
Earning Retention Ratio (%)80.4484.8192.6565.0384.32
Cash Earning Retention Ratio (%)87.9988.6594.7577.5788.00
Interest Coverage Ratio (X)9.8820.4214.0710.6411.03
Interest Coverage Ratio (Post Tax) (X)5.2812.128.436.806.45
Enterprise Value (Cr.)5308.654856.524028.381797.483660.93
EV / Net Operating Revenue (X)1.932.642.461.152.30
EV / EBITDA (X)15.1116.3814.907.4613.52
MarketCap / Net Operating Revenue (X)1.732.572.350.992.14
Retention Ratios (%)80.4384.8092.6465.0284.31
Price / BV (X)3.904.373.891.824.40
Price / Net Operating Revenue (X)1.732.572.350.992.14
EarningsYield0.030.030.030.060.03

Suprajit Engineering Ltd Profitability Ratios (%)

Suprajit Engineering Ltd Liquidity Ratios

Suprajit Engineering Ltd Liquidity Ratios (%)

Suprajit Engineering Ltd Interest Coverage Ratios (X)

Suprajit Engineering Ltd Valuation Ratios

Fair Value / Intrinsic Value of Suprajit Engineering Ltd

Fair Value: ₹490.29

The stock is undervalued by 13.23% compared to the current price ₹433

*Investments are subject to market risks

Strength and Weakness of Suprajit Engineering Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 22.42%, which is a positive sign.
  2. The company has higher reserves (645.77 cr) compared to borrowings (341.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (228.77 cr) and profit (149.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 16.09 and average Dividend Yield of 12.28%.
  2. The stock has a high average Working Capital Days of 76.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 103.50, which may not be favorable.

Should I Buy Suprajit Engineering Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Suprajit Engineering Ltd:
    1. Net Profit Margin: 5.52%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.79% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 5.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.32
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 36.6 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.52
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Suprajit Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE