NSEI:SUPRAJIT

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Executive Summary

Suprajit Engineering Limited manufactures, sells, and exports automotive cables and components to original equipment manufacturers in India, the United States, the United Kingdom, Germany, Luxembourg, and internationally.


Snowflake Analysis

Flawless balance sheet established dividend payer.

Share Price & News

How has Suprajit Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SUPRAJIT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

SUPRAJIT

1.5%

IN Auto Components

1.1%

IN Market


1 Year Return

-22.3%

SUPRAJIT

-12.7%

IN Auto Components

-6.0%

IN Market

Return vs Industry: SUPRAJIT underperformed the Indian Auto Components industry which returned -12.7% over the past year.

Return vs Market: SUPRAJIT underperformed the Indian Market which returned -6% over the past year.


Shareholder returns

SUPRAJITIndustryMarket
7 Day3.6%1.5%1.1%
30 Day24.8%7.7%6.2%
90 Day27.6%29.3%18.2%
1 Year-21.2%-22.3%-11.2%-12.7%-4.1%-6.0%
3 Year-44.6%-46.0%-33.4%-35.3%0.2%-4.5%
5 Year13.3%9.1%-7.9%-11.8%24.5%14.9%

Price Volatility Vs. Market

How volatile is Suprajit Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Suprajit Engineering undervalued compared to its fair value and its price relative to the market?

21.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SUPRAJIT (₹158.15) is trading above our estimate of fair value (₹46.65)

Significantly Below Fair Value: SUPRAJIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SUPRAJIT is poor value based on its PE Ratio (21.3x) compared to the IN Auto Components industry average (15.2x).

PE vs Market: SUPRAJIT is poor value based on its PE Ratio (21.3x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: SUPRAJIT is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SUPRAJIT is overvalued based on its PB Ratio (2.6x) compared to the IN Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Suprajit Engineering forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUPRAJIT's forecast earnings growth (17.1% per year) is above the savings rate (7.2%).

Earnings vs Market: SUPRAJIT's earnings (17.1% per year) are forecast to grow slower than the Indian market (18.9% per year).

High Growth Earnings: SUPRAJIT's earnings are forecast to grow, but not significantly.

Revenue vs Market: SUPRAJIT's revenue (2.5% per year) is forecast to grow slower than the Indian market (7.3% per year).

High Growth Revenue: SUPRAJIT's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUPRAJIT's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

How has Suprajit Engineering performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUPRAJIT has high quality earnings.

Growing Profit Margin: SUPRAJIT's current net profit margins (6.7%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: SUPRAJIT's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: SUPRAJIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SUPRAJIT had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Auto Components industry average (-29.8%).


Return on Equity

High ROE: SUPRAJIT's Return on Equity (12.2%) is considered low.


Next Steps

Financial Health

How is Suprajit Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: SUPRAJIT's short term assets (₹8.5B) exceed its short term liabilities (₹5.8B).

Long Term Liabilities: SUPRAJIT's short term assets (₹8.5B) exceed its long term liabilities (₹1.5B).


Debt to Equity History and Analysis

Debt Level: SUPRAJIT's debt to equity ratio (36.5%) is considered satisfactory.

Reducing Debt: SUPRAJIT's debt to equity ratio has reduced from 80.2% to 36.5% over the past 5 years.

Debt Coverage: SUPRAJIT's debt is well covered by operating cash flow (74.5%).

Interest Coverage: SUPRAJIT's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Suprajit Engineering current dividend yield, its reliability and sustainability?

1.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUPRAJIT's dividend (1.1%) is higher than the bottom 25% of dividend payers in the Indian market (0.69%).

High Dividend: SUPRAJIT's dividend (1.1%) is low compared to the top 25% of dividend payers in the Indian market (2.73%).


Stability and Growth of Payments

Stable Dividend: SUPRAJIT's dividends per share have been stable in the past 10 years.

Growing Dividend: SUPRAJIT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.6%), SUPRAJIT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUPRAJIT's dividends in 3 years are forecast to be well covered by earnings (18.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Mohan Nagamangala (58yo)

3.42yrs

Tenure

₹17,770,000

Compensation

Mr. Mohan Srinivasan Nagamangala, B.E (Mechanical), ICWA, has been Managing Director of Suprajit Engineering Ltd. since April 1, 2019. He has been the Chief Executive Officer of Phoenix Lamps Limited since ...


CEO Compensation Analysis

Compensation vs Market: Mohan's total compensation ($USD236.41K) is about average for companies of similar size in the Indian market ($USD319.48K).

Compensation vs Earnings: Mohan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kula Ajith Rai
Executive Chairman9.5yrs₹52.78m4.45% 985.5m
Mohan Nagamangala
Group CEO3.42yrs₹17.77m0.0040% 886.2k
J. Gowda
CFO, Compliance Officerno datano data0.00054% 119.6k
Bhargavi Aithal
Senior Manager of Corporate Communicationsno datano datano data
H. Badarinarayana
Associate Vice President of Human Resources1.25yrsno datano data
Akhilesh Rai
Chief Strategy Officer & Whole Time Director0.083yrno data0.86% 191.3m
K. Shankar
COO of Domestic Cable Division & Executive VP33.08yrs₹6.07mno data
Peter Greensmith
Managing Director of Suprajit Europe Ltdno datano datano data
Gopal Doraiswamy
General Manager of Marketing - USA5.25yrsno datano data

5.3yrs

Average Tenure

58yo

Average Age

Experienced Management: SUPRAJIT's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kula Ajith Rai
Executive Chairman9.5yrs₹52.78m4.45% 985.5m
Mohan Nagamangala
Group CEO3.42yrs₹17.77m0.0040% 886.2k
Akhilesh Rai
Chief Strategy Officer & Whole Time Director0.083yrno data0.86% 191.3m
Bharati Rao
Additional Woman Independent Director1.25yrsno datano data
Ian Williamson
Non-Executive & Independent Director13.08yrsno datano data
Muthuswami Lakshminarayan
Additional Independent Director1.25yrsno data0.0027% 602.6k
Supriya Rai
Non-Executive & Non-Independent Director6.17yrsno data1.26% 278.4m
Suresh Shetty
Non-Executive & Independent Director9.5yrs₹660.00k0.55% 120.9m
Harish Visweswara
Additional Independent Director0.083yrno datano data

3.4yrs

Average Tenure

69yo

Average Age

Experienced Board: SUPRAJIT's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Suprajit Engineering Limited's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Suprajit Engineering Limited
  • No. 100 & 101, Bommasandra Industrial Area
  • Anekal Taluk
  • Bengaluru
  • Karnataka
  • 560099
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532509BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005
SUPRAJITNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2005

Biography

Suprajit Engineering Limited manufactures, sells, and exports automotive cables and components to original equipment manufacturers in India, the United States, the United Kingdom, Germany, Luxembourg, and internationally. It offers control cables, speedo cables, auto and halogen lamps, non-automotive cables, and other components for automobiles. The company was incorporated in 1985 and is based in Bengaluru, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 12:51
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.