New Risk • May 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 91% Dividend yield: 0.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Price Target Changed • May 27
Price target increased by 10% to ₹575 Up from ₹521, the current price target is an average from 6 analysts. New target price is 21% above last closing price of ₹474. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹19.90 for next year compared to ₹13.31 last year. Reported Earnings • May 26
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹13.31 (up from ₹7.20 in FY 2025). Revenue: ₹39.4b (up 20% from FY 2025). Net income: ₹1.83b (up 84% from FY 2025). Profit margin: 4.6% (up from 3.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 06
Suprajit Engineering Limited to Report Q4, 2026 Results on May 25, 2026 Suprajit Engineering Limited announced that they will report Q4, 2026 results on May 25, 2026 Recent Insider Transactions • Mar 26
Board Member recently bought ₹2.4m worth of stock On the 19th of March, Akhilesh Rai bought around 6k shares on-market at roughly ₹401 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹12m more in shares than they have sold in the last 12 months. Declared Dividend • Feb 11
Dividend increased to ₹1.50 Dividend of ₹1.50 is 20% higher than last year. Ex-date: 13th February 2026 Payment date: 11th March 2026 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 84% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 10
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹0.91 (down from ₹2.44 in 3Q 2025). Revenue: ₹9.90b (up 19% from 3Q 2025). Net income: ₹125.3m (down 63% from 3Q 2025). Profit margin: 1.3% (down from 4.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 74%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jan 20
Suprajit Engineering Limited to Report Q3, 2026 Results on Feb 09, 2026 Suprajit Engineering Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹3.71 (up from ₹0.03 in 2Q 2025). Revenue: ₹9.76b (up 17% from 2Q 2025). Net income: ₹509.5m (up ₹504.7m from 2Q 2025). Profit margin: 5.2% (up from 0.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Oct 17
Suprajit Engineering Limited to Report Q2, 2026 Results on Nov 10, 2025 Suprajit Engineering Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Sep 15
Suprajit Engineering Limited Approves Interim Dividend and Final Dividend for the Financial Year 2024-25 Suprajit Engineering Limited at its 40h AGM held on September 13, 2025 approved to confirm the payment of Interim Dividend of INR 1.25 (125%) and to declare Final Dividend of INR 1.75 (175%) for the financial year 2024-25. Announcement • Aug 25
Suprajit Engineering Limited, Annual General Meeting, Sep 13, 2025 Suprajit Engineering Limited, Annual General Meeting, Sep 13, 2025, at 14:30 Indian Standard Time. Announcement • Jul 18
Suprajit Engineering Limited to Report Q1, 2026 Results on Aug 09, 2025 Suprajit Engineering Limited announced that they will report Q1, 2026 results on Aug 09, 2025 Recent Insider Transactions • Jun 21
Insider recently bought ₹4.9m worth of stock On the 19th of June, Ashutosh Rai bought around 11k shares on-market at roughly ₹463 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹9.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 11
Board Member recently bought ₹4.8m worth of stock On the 5th of June, Akhilesh Rai bought around 11k shares on-market at roughly ₹437 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹478, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹239 per share. New Risk • May 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • May 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹7.20 (down from ₹12.08 in FY 2024). Revenue: ₹33.2b (up 15% from FY 2024). Net income: ₹992.7m (down 41% from FY 2024). Profit margin: 3.0% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. 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 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 13
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at ₹406. The fair value is estimated to be ₹336, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Announcement • May 10
Suprajit Engineering Limited to Report Q4, 2025 Results on May 28, 2025 Suprajit Engineering Limited announced that they will report Q4, 2025 results on May 28, 2025 Buy Or Sell Opportunity • Apr 21
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at ₹402. The fair value is estimated to be ₹330, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 124% in the next 2 years. Buy Or Sell Opportunity • Apr 03
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to ₹386. The fair value is estimated to be ₹316, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 125% in the next 2 years. Declared Dividend • Feb 14
Dividend increased to ₹1.25 Dividend of ₹1.25 is 14% higher than last year. Ex-date: 18th February 2025 Payment date: 14th March 2025 Dividend yield will be 0.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 93% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 13
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹2.44 (down from ₹2.91 in 3Q 2024). Revenue: ₹8.45b (up 17% from 3Q 2024). Net income: ₹334.1m (down 17% from 3Q 2024). Profit margin: 4.0% (down from 5.6% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 06
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to ₹425. The fair value is estimated to be ₹348, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 112% in the next 2 years. Announcement • Jan 23
Suprajit Engineering Limited to Report Q3, 2025 Results on Feb 12, 2025 Suprajit Engineering Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Price Target Changed • Jan 16
Price target decreased by 8.6% to ₹490 Down from ₹536, the current price target is an average from 10 analysts. New target price is 21% above last closing price of ₹405. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of ₹10.96 for next year compared to ₹12.08 last year. Announcement • Jan 02
Suprajit Engineering Limited Appoints Venkat Subramaniam as President Suprajit Engineering Limited announced the appointment of Venkat Subramaniam as President of the Company. Venkat is a highly experienced industry leader with over three decades of success in the automotive and engineering sectors, specializing in driving transformation and strategic growth. Throughout his career, he has consistently achieved and exceeded operational and financial targets at leading automotive companies, establishing strong market positions in both the Original Equipment and aftermarket segments. Prior to joining Suprajit, Venkat held key leadership positions at prominent organizations, including Bosch India, Delphi, General Motors (GM), Avtec, and as a board member at SKF Technologies. Most recently, he served as CEO at SEForge Ltd., India. Ajith Kumar Rai (Founder & Executive Chairman), Mohan Nagamangala Srinivasan (MD & Group CEO), and the Suprajit family, warmly welcome Venkat to team. The company are confident that Venkat's extensive experience and proven leadership will be invaluable assets to the company's global management team. Buy Or Sell Opportunity • Jan 01
Now 21% overvalued Over the last 90 days, the stock has fallen 6.9% to ₹474. The fair value is estimated to be ₹391, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 115% in the next 2 years. Price Target Changed • Nov 14
Price target decreased by 9.0% to ₹536 Down from ₹589, the current price target is an average from 9 analysts. New target price is 18% above last closing price of ₹455. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹11.80 for next year compared to ₹12.08 last year. Reported Earnings • Nov 12
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹0.03 (down from ₹2.51 in 2Q 2024). Revenue: ₹8.46b (up 19% from 2Q 2024). Net income: ₹4.81m (down 99% from 2Q 2024). Profit margin: 0.1% (down from 4.9% in 2Q 2024). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 99%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 24
Suprajit Engineering Limited to Report Q2, 2025 Results on Nov 11, 2024 Suprajit Engineering Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Sep 26
Suprajit Engineering Limited Declares Final Dividend for the Financial Year 2023-24 Suprajit Engineering Limited at its AGM held on September 26, 2024, declared Final Dividend of INR 1.40 (140%) for the financial year 2023-24. Announcement • Sep 12
Suprajit Engineering Limited, Annual General Meeting, Sep 26, 2024 Suprajit Engineering Limited, Annual General Meeting, Sep 26, 2024, at 14:30 Indian Standard Time. Declared Dividend • Sep 06
Dividend increased to ₹1.40 Dividend of ₹1.40 is 12% higher than last year. Ex-date: 18th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 21
Price target increased by 8.5% to ₹579 Up from ₹534, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹576. Stock is up 48% over the past year. The company is forecast to post earnings per share of ₹16.01 for next year compared to ₹12.08 last year. Reported Earnings • Aug 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹2.75 (up from ₹2.39 in 1Q 2024). Revenue: ₹7.45b (up 9.7% from 1Q 2024). Net income: ₹381.4m (up 15% from 1Q 2024). Profit margin: 5.1% (up from 4.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Aug 15
Suprajit Engineering Limited (BSE:532509) announces an Equity Buyback for 1,500,000 shares, representing 1.08% for INR 1,125 million. Suprajit Engineering Limited (BSE:532509) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 1.08% of its shares capital, for a total of INR 1,125 million. The shares will be repurchased at a price of INR 750 per share. The company has fixed August 27, 2024, as the record date for the offer. As of August 9, 2024, the company had 138,569,385 shares issued and outstanding. Announcement • Aug 05
Suprajit Engineering Limited to Report Q1, 2025 Results on Aug 14, 2024 Suprajit Engineering Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹490, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 61% over the past three years. Price Target Changed • Jun 01
Price target increased by 9.8% to ₹488 Up from ₹444, the current price target is an average from 10 analysts. New target price is 10% above last closing price of ₹443. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹17.60 for next year compared to ₹12.08 last year. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹12.08 (vs ₹10.99 in FY 2023) Full year 2024 results: EPS: ₹12.08 (up from ₹10.99 in FY 2023). Revenue: ₹29.6b (up 7.4% from FY 2023). Net income: ₹1.67b (up 10.0% from FY 2023). Profit margin: 5.7% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 19
Suprajit Engineering Limited to Report Fiscal Year 2024 Results on May 29, 2024 Suprajit Engineering Limited announced that they will report fiscal year 2024 results on May 29, 2024 Upcoming Dividend • Feb 19
Upcoming dividend of ₹1.10 per share Eligible shareholders must have bought the stock before 26 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.7%). Reported Earnings • Feb 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹2.91 (up from ₹2.75 in 3Q 2023). Revenue: ₹7.24b (up 4.6% from 3Q 2023). Net income: ₹402.5m (up 5.8% from 3Q 2023). Profit margin: 5.6% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹2.51 (vs ₹3.31 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.51 (down from ₹3.31 in 2Q 2023). Revenue: ₹7.28b (up 1.6% from 2Q 2023). Net income: ₹347.6m (down 24% from 2Q 2023). Profit margin: 4.8% (down from 6.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
Suprajit Engineering Limited to Report Q2, 2024 Results on Nov 09, 2023 Suprajit Engineering Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 11
Upcoming dividend of ₹1.25 per share at 0.5% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹2.39 (vs ₹1.97 in 1Q 2023) First quarter 2024 results: EPS: ₹2.39 (up from ₹1.97 in 1Q 2023). Revenue: ₹6.93b (up 7.3% from 1Q 2023). Net income: ₹331.2m (up 21% from 1Q 2023). Profit margin: 4.8% (up from 4.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Suprajit Engineering Limited to Report Q1, 2024 Results on Aug 12, 2023 Suprajit Engineering Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Board Change • Jul 01
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. 5 experienced directors. 2 highly experienced directors. Chief Strategy Officer & Whole Time Director Akhilesh Rai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹10.99 (down from ₹12.49 in FY 2022). Revenue: ₹27.9b (up 52% from FY 2022). Net income: ₹1.52b (down 12% from FY 2022). Profit margin: 5.4% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Suprajit Engineering Limited to Report Q4, 2023 Results on May 29, 2023 Suprajit Engineering Limited announced that they will report Q4, 2023 results on May 29, 2023 Upcoming Dividend • Feb 16
Upcoming dividend of ₹1.05 per share at 0.6% yield Eligible shareholders must have bought the stock before 23 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.6%). Announcement • Feb 14
Suprajit Engineering Limited Declares an Interim Dividend for the Year 2022-23 Suprajit Engineering Limited declared an interim dividend of INR 1.05 (105%) per share of INR 1 each for the year 2022-23 and fixed February 23, 2023 as the "record date" for the purpose of payment of the interim dividend. Reported Earnings • Feb 14
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ₹2.75 (up from ₹2.29 in 3Q 2022). Revenue: ₹6.97b (up 46% from 3Q 2022). Net income: ₹380.4m (up 20% from 3Q 2022). Profit margin: 5.5% (down from 6.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Announcement • Feb 04
Suprajit Engineering Limited to Report Q3, 2023 Results on Feb 13, 2023 Suprajit Engineering Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹3.31 (down from ₹3.58 in 2Q 2022). Revenue: ₹7.38b (up 50% from 2Q 2022). Net income: ₹457.5m (down 7.7% from 2Q 2022). Profit margin: 6.2% (down from 10.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 09
Upcoming dividend of ₹1.10 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). Reported Earnings • Aug 13
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: ₹1.97 (down from ₹3.10 in 1Q 2022). Revenue: ₹6.63b (up 83% from 1Q 2022). Net income: ₹273.2m (down 37% from 1Q 2022). Profit margin: 4.1% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 27
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹12.49 (up from ₹10.20 in FY 2021). Revenue: ₹18.8b (up 14% from FY 2021). Net income: ₹1.73b (up 21% from FY 2021). Profit margin: 9.2% (up from 8.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 16%, compared to a 19% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Buying Opportunity • May 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₹441, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Buying Opportunity • Apr 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₹467, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹374, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹464 per share. Recent Insider Transactions • Mar 10
Founder & Executive Chairman recently bought ₹5.9m worth of stock On the 4th of March, Kula Ajith Rai bought around 20k shares on-market at roughly ₹293 per share. This was the largest purchase by an insider in the last 3 months. Kula Ajith has been a buyer over the last 12 months, purchasing a net total of ₹8.7m worth in shares. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹329, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹435 per share. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹2.29 (down from ₹3.69 in 3Q 2021). Revenue: ₹4.79b (down 5.5% from 3Q 2021). Net income: ₹317.2m (down 39% from 3Q 2021). Profit margin: 6.6% (down from 10% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 26%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 15
Upcoming dividend of ₹0.90 per share Eligible shareholders must have bought the stock before 22 February 2022. Payment date: 13 March 2022. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%).