NSE: SJS · BSE: 543387
SJS ENTERPRISES LIMITED
Manufactures automotive components, supplying Indian passenger vehicle and two-wheeler OEMs, and reported FY26 consolidated revenue of ₹955.07 crore (+25.6% Y-o-Y) and PAT of ₹171.80 crore (+44.6%). The automotive segment grew 41.1% Y-o-Y in Q4 FY26, more than 2x the industry's production growth of 18.9%, with the company logging 26 consecutive quarters of outperformance versus the auto sector. A second line of business, Decoplast, makes decorative plastic parts (a greenfield plant with ₹100 crore of capex is being commissioned), and a third, the Hosur optical bonding/display facility set up in partnership with BOE Varitronix, is ready with equipment arriving in Q2 FY27 and commercial supplies targeted at end-FY27/early FY28. Exports reached a record ₹911.4 million in FY26 (+60.5% Y-o-Y) and the company is targeting 14-15% of consolidated revenue from exports by FY28, while 'new generation' products already contribute ~24% of revenue. A three-year capex programme of ₹260-270 crore covers the Bangalore expansion, Decoplast and Hosur display, and the order book is already over 85% of FY27 forecast revenue. The biggest cost line is raw materials at 43.4% of revenue, followed by employees at 11% and other operating expenses at 17.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive components, Decoplast (decorative plastics), Display / optical bonding (Hosur, BOE Varitronix partnership), Exports (10%). Asset-light, high-ROCE (35.5%) auto components supplier with growth consistently ahead of industry production.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 370 | 433 | 628 | 760 | 955 |
| EBITDA (ex other income) | 94 | 107 | 152 | 195 | 270 |
| margin % | 25.5 | 24.6 | 24.2 | 25.7 | 28.3 |
| Owners' profit | 55 | 67 | 85 | 118 | 171 |
| EPS, as reported (₹) | 18.08 | 22.10 | 27.45 | 37.82 | 54.02 |
| ROE % · ROCE % | 15.3 · 20.0 | 15.7 · 21.0 | 15.2 · 18.8 | 17.2 · 21.6 | 19.5 · 25.8 |
| Debt / equity (x) | 0.03 | 0.05 | 0.12 | 0.02 | 0.01 |
| Cash from operations | 61 | 87 | 109 | 163 | 224 |
| Capex | (13) | (30) | (30) | (37) | (83) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 193 | 179 | 201 | 210 | 242 | 244 | 260 | 261 |
| Profit before tax | 39 | 36 | 41 | 46 | 58 | 60 | 66 | 96 |
| Net profit | 29 | 28 | 34 | 35 | 43 | 45 | 49 | 74 |
| EPS (₹) | 9.34 | 8.83 | 10.67 | 11.03 | 13.73 | 14.05 | 15.16 | 23.18 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,66,707 | 38.1 | 3.82 | 14.8 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,34,520 | 56.9 | 9.06 | 33.0 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 84,295 | 119.4 | 8.82 | 30.4 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 62,653 | 52.0 | 8.63 | 28.8 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 57,518 | 45.9 | 9.36 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 52,988 | 76.1 | 8.64 | 46.0 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 40,753 | 67.2 | 2.87 | 15.8 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,042 | 33.0 | 4.68 | 15.7 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.9 | 25.0 | 69 of 119 | 42% |
| P/B | 7.2 | 3.3 | 99 of 117 | 15% |
| ROCE | 25.3 | 12.6 | 14 of 125 | 90% |
| ROE | 19.5 | 11.7 | 22 of 117 | 82% |
| Debt / Equity | 0.0 | 0.3 | 22 of 117 | 82% |
| EBITDA margin | 41.4 | 12.2 | 2 of 118 | 99% |
| Revenue growth | 24.5 | 20.2 | 42 of 113 | 63% |
| Profit growth | 115.0 | 24.4 | 21 of 115 | 83% |
| Market cap | 6331 | 1455 | 34 of 126 | 74% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 11 Oct 2026 · SJS Enterprises subsidiary to set up new manufacturing facility in Pune | capex operations | high | — | — |
| 11 Oct 2026 · Capacity Expansion at Walter Pack | capex operations | high | — | — |
| 7 Oct 2026 · SJS Enterprises files Reg 74(5) demat compliance certificate for Q2 FY27 | compliance | minimal | — | — |
| 7 Oct 2026 · SJS Enterprises adds 20 percent capacity at Bengaluru facility, invests Rs 45 cr | capex operations | high | — | — |
| 30 Sept 2026 · SJS Enterprises invests Rs 5 Cr more in subsidiary SDEPL | strategic transactions | medium | — | — |
| 24 Sept 2026 · SJS Enterprises Trading Window Closes from Oct 1 for Q2 Results | compliance | minimal | — | — |
| 23 Sept 2026 · SJS Enterprises to join Arihant Capital Bharat Connect virtual investor meeting | board shareholder meetings | low | — | — |
| 16 Sept 2026 · SJS Enterprises to attend Anand Rathi G-200 Summit 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Newspaper publication for registered office shift to Maharashtra | compliance | minimal | — | — |
| 7 Sept 2026 · Shareholders approve shifting registered office to Maharashtra | general | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.