NSEI:SUPRAJIT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

0.9%

NSEI:SUPRAJIT

0.3%

IN Auto Components

1.0%

IN Market


1 Year Return

-17.4%

NSEI:SUPRAJIT

-22.3%

IN Auto Components

1.0%

IN Market

SUPRAJIT outperformed the Auto Components industry which returned -22.3% over the past year.

SUPRAJIT underperformed the Market in India which returned 1% over the past year.


Share holder returns

SUPRAJITIndustryMarket
7 Day0.9%0.3%1.0%
30 Day-8.6%-4.9%-2.1%
90 Day-16.6%-10.5%-0.7%
1 Year-16.8%-17.4%-21.9%-22.3%2.9%1.0%
3 Year2.8%1.2%14.0%12.1%37.5%30.4%
5 Year84.6%78.9%58.6%53.4%49.0%35.1%

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 based on future cash flows and its price relative to the stock market?

21.04x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Suprajit Engineering's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Suprajit Engineering's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Suprajit Engineering is overvalued based on earnings compared to the IN Auto Components industry average.

Suprajit Engineering is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Suprajit Engineering is poor value based on expected growth next year.


Price Based on Value of Assets

Suprajit Engineering is overvalued based on assets compared to the IN Auto Components industry average.


Next Steps

Future Growth

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

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Suprajit Engineering's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).

Suprajit Engineering's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).

Suprajit Engineering's revenue growth is expected to exceed the India market average.

Suprajit Engineering's earnings growth is expected to exceed the India market average.

Suprajit Engineering's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Suprajit Engineering is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Suprajit Engineering performed over the past 5 years?

24.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Suprajit Engineering has delivered over 20% year on year earnings growth in the past 5 years.

Suprajit Engineering's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Suprajit Engineering's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.


Return on Equity

Suprajit Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Suprajit Engineering used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Suprajit Engineering's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Suprajit Engineering's financial position?


Financial Position Analysis

Suprajit Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Suprajit Engineering's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Suprajit Engineering's level of debt (38.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (76.3% vs 38.5% today).

Debt is well covered by operating cash flow (72.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.8x debt.


Next Steps

Dividend

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

0.89%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Suprajit Engineering's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).

Suprajit Engineering's dividend is below the markets top 25% of dividend payers in India (2.08%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (6.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (7.1x coverage).


Next Steps

Management

What is the CEO of Suprajit Engineering's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Mohan Nagamangala (56yo)

2.3yrs

Tenure

₹14,400,000

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

Mohan's remuneration is lower than average for companies of similar size in India.

Mohan's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

The tenure for the Suprajit Engineering management team is about average.


Board Age and Tenure

6.8yrs

Average Tenure

67yo

Average Age

The tenure for the Suprajit Engineering board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

Buy₹1,800,07906 Dec 18
Kula Ajith Rai
EntityIndividual
Role
Executive Chairman
Chairman of the Board
Shares9,500
Max Price₹198.91

Ownership Breakdown


Management Team

  • Gopal Doraiswamy (53yo)

    General Manager of Marketing - USA

    • Tenure: 4.2yrs
  • Mohan Nagamangala (56yo)

    Group CEO

    • Tenure: 2.3yrs
    • Compensation: ₹14.40m
  • Peter Greensmith

    Managing Director of Suprajit Europe Ltd

  • K. Shankar (56yo)

    COO & Executive VP

  • H. Badarinarayana

    Associate Vice President of Human Resources

    • Tenure: 0.2yrs
  • Akhilesh Rai

    Head of Information Technology

    • Tenure: 7.1yrs
  • J. Gowda

    CFO, Compliance Officer

  • Bhargavi Aithal

    Senior Manager of Corporate Communications

  • Kula Ajith Rai (60yo)

    Executive Chairman

    • Compensation: ₹46.45m

Board Members

  • Bharati Rao (70yo)

    Woman Additional Independent Director

    • Tenure: 0.2yrs
  • Babugouda Patil (74yo)

    Non-Executive & Independent Director

    • Tenure: 13.0yrs
    • Compensation: ₹560.00k
  • Kula Ajith Rai (60yo)

    Executive Chairman

    • Tenure: 8.4yrs
    • Compensation: ₹46.45m
  • Ian Williamson (67yo)

    Non-Executive & Independent Director

    • Tenure: 12.0yrs
  • M. Lakshminarayan (67yo)

    Additional Independent Director

    • Tenure: 0.2yrs
  • Supriya Rai (56yo)

    Non-Executive & Non-Independent Director

    • Tenure: 5.1yrs
  • Suresh Shetty (69yo)

    Non-Executive & Independent Director

    • Tenure: 8.4yrs
    • Compensation: ₹590.00k
  • Mohan Nagamangala (56yo)

    Group CEO

    • Tenure: 2.3yrs
    • Compensation: ₹14.40m

Company Information

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


Key Information

  • Name: Suprajit Engineering Limited
  • Ticker: SUPRAJIT
  • Exchange: NSEI
  • Founded: 1985
  • Industry: auto parts and equipment
  • Sector: automobiles
  • Market Cap: ₹28.044b
  • Shares outstanding: 139.87m
  • Website: Click here

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 in India, the United States, the United Kingdom, Germany, Luxembourg, and internationally. It offers control c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/26 12:52
End of Day Share Price2019/06/26 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.