Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹1.41 (vs ₹0.88 in FY 2025) Full year 2026 results: EPS: ₹1.41 (up from ₹0.88 in FY 2025). Revenue: ₹154.7m (up 11% from FY 2025). Net income: ₹6.66m (up 60% from FY 2025). Profit margin: 4.3% (up from 3.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • May 20
Sar Auto Products Limited to Report Q4, 2026 Results on May 26, 2026 Sar Auto Products Limited announced that they will report Q4, 2026 results at 9:15 AM, Indian Standard Time on May 26, 2026 New Risk • Mar 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.24b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Significant insider selling over the past 3 months (₹8.0m sold). Revenue is less than US$5m (₹106m revenue, or US$1.1m). Market cap is less than US$100m (₹9.24b market cap, or US$98.8m). Recent Insider Transactions • Mar 19
CFO & Whole-Time Director recently sold ₹8.0m worth of stock On the 18th of March, Shreyas Virani sold around 4k shares on-market at roughly ₹2,058 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shreyas' only on-market trade for the last 12 months. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹0.43 (vs ₹0.32 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.43 (up from ₹0.32 in 3Q 2025). Revenue: ₹38.6m (up 9.7% from 3Q 2025). Net income: ₹2.06m (up 35% from 3Q 2025). Profit margin: 5.3% (up from 4.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. New Risk • Feb 11
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Revenue is less than US$5m (₹106m revenue, or US$1.2m). Market cap is less than US$100m (₹9.04b market cap, or US$99.7m). Announcement • Feb 04
Sar Auto Products Limited to Report Q3, 2026 Results on Feb 10, 2026 Sar Auto Products Limited announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Jan 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.04b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Revenue is less than US$5m (₹105m revenue, or US$1.1m). Market cap is less than US$100m (₹9.04b market cap, or US$98.4m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹0.29 (vs ₹0.66 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.29 (down from ₹0.66 in 2Q 2025). Revenue: ₹27.0m (down 38% from 2Q 2025). Net income: ₹1.40m (down 56% from 2Q 2025). Profit margin: 5.2% (down from 7.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Nov 08
Sar Auto Products Limited to Report Q2, 2026 Results on Nov 13, 2025 Sar Auto Products Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Sep 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Revenue is less than US$5m (₹124m revenue, or US$1.4m). Announcement • Sep 08
Sar Auto Products Limited, Annual General Meeting, Sep 30, 2025 Sar Auto Products Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: 50-e bhaktinagar inds estate, rajkot 360002., India Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.24 (vs ₹0.62 in 1Q 2025) First quarter 2026 results: EPS: ₹0.24 (down from ₹0.62 in 1Q 2025). Revenue: ₹25.2m (down 34% from 1Q 2025). Net income: ₹1.16m (down 61% from 1Q 2025). Profit margin: 4.6% (down from 7.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Aug 02
Sar Auto Products Limited to Report Q1, 2026 Results on Aug 07, 2025 Sar Auto Products Limited announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.51b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Revenue is less than US$5m (₹140m revenue, or US$1.6m). Market cap is less than US$100m (₹8.51b market cap, or US$99.2m). Reported Earnings • May 13
Full year 2025 earnings released: EPS: ₹0.88 (vs ₹2.45 in FY 2024) Full year 2025 results: EPS: ₹0.88 (down from ₹2.45 in FY 2024). Revenue: ₹150.5m (down 25% from FY 2024). Net income: ₹4.18m (down 64% from FY 2024). Profit margin: 2.8% (down from 5.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Announcement • Mar 25
Sar Auto Products Limited Announces Resignation of Vivekkumar Maganbhai Manavadaria as Independent Director Sar Auto Products Limited at its board meeting held on 25th March, 2025, noted the Resignation tendered by Mr. Vivekkumar Maganbhai Manavadaria with effective from 25th March, 2025 as an Independent Director, due to his personal reason and pre- occupancy and thereby Mr. Vivekkumar Maganbhai Manavadaria (DIN: 10730165) ceased as an Independent Director of the Company effective from 25th March, 2025. Vivekkumar Maganbhai Manavadaria (DIN: 10730165) has given confirmation that there are no other material reasons for resignation as an Independent director of the Company other than mentioned in resignation letter and further confirmed that he do not hold any directorship or chairperson/member of the Committees of any other listed Companies as per requirement of Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, 2015. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.32 (vs ₹1.04 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.32 (down from ₹1.04 in 3Q 2024). Revenue: ₹38.3m (down 33% from 3Q 2024). Net income: ₹1.53m (down 69% from 3Q 2024). Profit margin: 4.0% (down from 8.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Announcement • Feb 04
Sar Auto Products Limited to Report Nine Months, 2025 Results on Feb 10, 2025 Sar Auto Products Limited announced that they will report nine months, 2025 results on Feb 10, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.66 (vs ₹0.89 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.66 (down from ₹0.89 in 2Q 2024). Revenue: ₹46.2m (down 11% from 2Q 2024). Net income: ₹3.15m (down 26% from 2Q 2024). Profit margin: 6.8% (down from 8.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings. Announcement • Nov 09
Sar Auto Products Limited to Report Q2, 2025 Results on Nov 13, 2024 Sar Auto Products Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Sep 26
Sar Auto Products Limited Announces Board Appointments Sar Auto Products Limited at its 37th Annual General Meeting of the Company held on 24th September, 2024, approved the Appointment/Regularization of Mr. Vijay Narendrabhai Kalariya (DIN 10454403), who was appointed as Additional Independent Director by Board of Directors with effect from 09th January, 2024 has been appointed as Independent Director of the Company to hold office for first term of five consecutive years from 09th January, 2024 upto 08th January, 2029. Appointment/Regularization of Mrs. Charmiben Manishbhai Vasani (DIN 10721628), who was appointed as Additional Independent Director by Board of Directors with effect from 09th August, 2024 has been appointed as Independent Director of the Company to hold office for first term of five consecutive years from 09th August, 2024 upto 08th August, 2029. Appointment/Regularization of Mr. Vivekkumar Maganbhai Manavadaria (DIN 10730165), who was appointed as Additional Independent Director by Board of Directors with effect from 09th August, 2024 has been appointed as Independent Director of the Company to hold office for first term of five consecutive years from 09th August, 2024 upto 08th August, 2029. Appointment/Regularization of Mr. Biju Mathew (DIN 10730618), who was appointed as Additional Independent Director by Board of Directors with effect from 09th August, 2024 has been appointed as Independent Director of the Company to hold office for first term of five consecutive years from 09th August, 2024 upto 08th August, 2029. Vijay Aged 25 years, Secondary education in Gujarat and having experience in the field of General Management and technical knowledge of products. Charmiben Aged 45 years, Graduate and has pursued B.com in Saurashtra University in Gujarat and having experience in the field of Finance and Administration. Vivekkumar Aged 31 years, graduate and holds B.E. Mechanical degree of Gujarat Technological University with the specialized subject in Automobiles and he is having experience in the field of Industry of Company i.e. Automobile and auto sector and having all technical knowledge of all auto products. Biju Aged 57 years, Secondary education and education pursued in Kerala University and having experience in the field of production and General management. Recent Insider Transactions • Sep 15
MD, CFO & Whole-Time Director recently sold ₹5.0m worth of stock On the 13th of September, Shreyas Virani sold around 3k shares on-market at roughly ₹1,940 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹6.6m. Shreyas has been a net seller over the last 12 months, reducing personal holdings by ₹31m. Announcement • Aug 23
Sar Auto Products Limited, Annual General Meeting, Sep 24, 2024 Sar Auto Products Limited, Annual General Meeting, Sep 24, 2024, at 11:00 Indian Standard Time. Location: 50-e, bhaktinagar inds. estate, rajkot-360002, rajkot India Recent Insider Transactions • Aug 18
MD, CFO & Whole-Time Director recently sold ₹6.6m worth of stock On the 16th of August, Shreyas Virani sold around 3k shares on-market at roughly ₹2,049 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shreyas has been a net seller over the last 12 months, reducing personal holdings by ₹26m. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹0.62 (vs ₹0.77 in 1Q 2024) First quarter 2025 results: EPS: ₹0.62 (down from ₹0.77 in 1Q 2024). Revenue: ₹40.1m (down 11% from 1Q 2024). Net income: ₹2.97m (down 19% from 1Q 2024). Profit margin: 7.4% (down from 8.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 87% per year, which means it is well ahead of earnings. Announcement • Aug 05
Sar Auto Products Limited to Report Q1, 2025 Results on Aug 09, 2024 Sar Auto Products Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: ₹2.45 (vs ₹1.30 in FY 2023) Full year 2024 results: EPS: ₹2.45 (up from ₹1.30 in FY 2023). Revenue: ₹208.7m (up 80% from FY 2023). Net income: ₹11.7m (up 89% from FY 2023). Profit margin: 5.6% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Sar Auto Products Limited to Report Q4, 2024 Results on May 09, 2024 Sar Auto Products Limited announced that they will report Q4, 2024 results on May 09, 2024 New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Significant insider selling over the past 3 months (₹9.5m sold). Revenue is less than US$5m (₹183m revenue, or US$2.2m). Recent Insider Transactions • Feb 02
MD, CFO & Whole-Time Director recently sold ₹9.5m worth of stock On the 30th of January, Shreyas Virani sold around 4k shares on-market at roughly ₹2,190 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shreyas has been a net seller over the last 12 months, reducing personal holdings by ₹21m. Reported Earnings • Jan 24
Third quarter 2024 earnings released: EPS: ₹1.04 (vs ₹0.51 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.04 (up from ₹0.51 in 3Q 2023). Revenue: ₹56.7m (up 113% from 3Q 2023). Net income: ₹4.95m (up 104% from 3Q 2023). Profit margin: 8.7% (down from 9.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Sar Auto Products Limited to Report Q3, 2024 Results on Jan 23, 2024 Sar Auto Products Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Recent Insider Transactions • Nov 03
MD, CFO & Whole-Time Director recently sold ₹4.4m worth of stock On the 31st of October, Shreyas Virani sold around 3k shares on-market at roughly ₹1,385 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shreyas has been a net seller over the last 12 months, reducing personal holdings by ₹6.4m. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹0.89 (vs ₹1.18 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.89 (down from ₹1.18 in 2Q 2023). Revenue: ₹53.5m (up 68% from 2Q 2023). Net income: ₹4.24m (down 25% from 2Q 2023). Profit margin: 7.9% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 21
Sar Auto Products Limited to Report Q2, 2024 Results on Oct 28, 2023 Sar Auto Products Limited announced that they will report Q2, 2024 results on Oct 28, 2023 Board Change • Oct 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Independent Woman Director Aarti Chintan Sodha was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 12
Sar Auto Products Limited Announces Resignation of Bhumikaben Vinodbhai Kalariya as an Independent Director Sar Auto Products Limited announced that Mrs. Bhumikaben Vinodbhai Kalariya has tendered resignation as an Independent Director with effect from 10th October, 2023 due to her personal reason and pre-occupancy. The Board of Directors of the Company appreciates her valuable contribution and support made during her tenure as Independent Director of the Company. Accordingly, she also ceases to be the member of Nomination and Remuneration committee with effect from 10th October, 2023. Announcement • Aug 29
Sar Auto Products Limited, Annual General Meeting, Sep 26, 2023 Sar Auto Products Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Indian Standard Time. Location: 50-E Bhaktinagar Inds Estate, 360002. Rajkot India Agenda: To receive, consider, approve and adopt the Standalone Audited Financial Statements as on 31st March, 2023 and the Profit & Loss Account for the year ended on that date and the Board's Report and the Auditors' Report thereon; to appoint a Director in place of Mr. Rameshkumar D. Virani who retires by rotation and being eligible, offers himself for re-appointment; and to discuss other matters. Announcement • Aug 01
Sar Auto Products Limited to Report Q1, 2024 Results on Aug 09, 2023 Sar Auto Products Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Recent Insider Transactions • Jun 20
CFO & Whole-Time Director recently sold ₹1.9m worth of stock On the 15th of June, Shreyas Virani sold around 2k shares on-market at roughly ₹917 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shreyas' only on-market trade for the last 12 months. Reported Earnings • May 14
Full year 2023 earnings released: EPS: ₹1.30 (vs ₹2.37 in FY 2022) Full year 2023 results: EPS: ₹1.30 (down from ₹2.37 in FY 2022). Revenue: ₹119.4m (up 12% from FY 2022). Net income: ₹6.18m (down 45% from FY 2022). Profit margin: 5.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • May 06
Sar Auto Products Limited to Report Q4, 2023 Results on May 13, 2023 Sar Auto Products Limited announced that they will report Q4, 2023 results on May 13, 2023 Reported Earnings • Jan 24
Third quarter 2023 earnings released: EPS: ₹0.51 (vs ₹0.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.51 (down from ₹0.58 in 3Q 2022). Revenue: ₹27.2m (down 7.5% from 3Q 2022). Net income: ₹2.43m (down 12% from 3Q 2022). Profit margin: 8.9% (down from 9.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Sar Auto Products Limited to Report Q3, 2023 Results on Jan 23, 2023 Sar Auto Products Limited announced that they will report Q3, 2023 results on Jan 23, 2023 Announcement • Oct 21
Sar Auto Products Limited to Report Q2, 2023 Results on Nov 11, 2022 Sar Auto Products Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Sep 01
SAR Auto Products Limited, Annual General Meeting, Sep 28, 2022 SAR Auto Products Limited, Annual General Meeting, Sep 28, 2022, at 11:00 Indian Standard Time. Location: 50-E, Bhaktinagar Inds. Estate Rajkot-360002 Rajkot India Agenda: To receive, consider, approve and adopt the Standalone Audited Financial Statements as on 31st March, 2022 and the Profit & Loss Account for the year ended on that date and the Board's Report and the Auditors' Report thereon; to consider directorate reelections; to consider Re-Appointment of Statutory Auditors of the Company and to fix their Remuneration; and to consider other matters. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: ₹0.27 (vs ₹0.72 in 1Q 2022) First quarter 2023 results: EPS: ₹0.27 (down from ₹0.72 in 1Q 2022). Revenue: ₹20.8m (down 17% from 1Q 2022). Net income: ₹1.29m (down 63% from 1Q 2022). Profit margin: 6.2% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
SAR Auto Products Limited to Report Q1, 2023 Results on Jul 29, 2022 SAR Auto Products Limited announced that they will report Q1, 2023 results on Jul 29, 2022 Board Change • Jul 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Woman Director Aarti Chintan Sodha was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
Full year 2022 earnings released: EPS: ₹2.37 (vs ₹0.95 in FY 2021) Full year 2022 results: EPS: ₹2.37 (up from ₹0.95 in FY 2021). Revenue: ₹111.9m (up 78% from FY 2021). Net income: ₹11.3m (up 149% from FY 2021). Profit margin: 10% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 12
SAR Auto Products Limited to Report Q4, 2022 Results on May 19, 2022 SAR Auto Products Limited announced that they will report Q4, 2022 results on May 19, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Woman Director Aarti Chintan Sodha was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.58 (up from ₹0.28 in 3Q 2021). Revenue: ₹29.4m (up 85% from 3Q 2021). Net income: ₹2.75m (up 106% from 3Q 2021). Profit margin: 9.3% (up from 8.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Oct 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Woman Director Aarti Chintan Sodha was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Sep 20
MD, CFO & Whole-Time Director recently sold ₹1.2m worth of stock On the 16th of September, Shreyas Virani sold around 3k shares on-market at roughly ₹415 per share. This was the largest sale by an insider in the last 3 months. This was Shreyas' only on-market trade for the last 12 months. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS ₹0.72 (vs ₹0.30 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹25.6m (up 348% from 1Q 2021). Net income: ₹3.44m (up ₹4.86m from 1Q 2021). Profit margin: 14% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹0.95 (vs ₹0.62 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹66.4m (down 2.3% from FY 2020). Net income: ₹4.53m (up 54% from FY 2020). Profit margin: 6.8% (up from 4.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹0.28 (vs ₹0.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹16.7m (up 4.6% from 3Q 2020). Net income: ₹1.33m (up 363% from 3Q 2020). Profit margin: 8.0% (up from 1.8% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Feb 03
SAR Auto Products Limited to Report Q3, 2021 Results on Feb 12, 2021 SAR Auto Products Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Nov 06
New 90-day low: ₹209 The company is down 44% from its price of ₹372 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period. Announcement • Jun 21
SAR Auto Products Limited to Report Q4, 2020 Results on Jun 25, 2020 SAR Auto Products Limited announced that they will report Q4, 2020 results on Jun 25, 2020 
