NSE: SUPRAJIT · BSE: 532509
SUPRAJIT ENGINEERING LTD
Makes control cables and halogen lamps for the global automotive industry, and is expanding into electronics, sensors, digital clusters and actuation systems. Ranks among the top three worldwide in both control cables and halogen lamps. Customers include Volkswagen, Audi, TVS, Honda and Bajaj, with no single customer above 10% of revenue. The Suprajit Electronics Division delivered 30% revenue growth in Q4 FY26 and 76.6% EBITDA growth for the full year, while the recently acquired Stahlschmidt Cable Systems (SCS) turned EBITDA positive in Q4 FY26 after a restructuring. Seven acquisitions have been completed across cables and lighting. Materials are the largest cost at 56.4% of revenue, followed by employee costs at 23.2%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Control cables, Halogen lamps / Lighting, Electronics & actuation, Stahlschmidt Cable Systems (SCS). Multi-product global auto component manufacturer spanning cables, lighting and electronics
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,840 | 2,752 | 2,896 | 3,277 | 3,825 |
| EBITDA (ex other income) | 272 | 313 | 323 | 333 | 389 |
| margin % | 14.8 | 11.4 | 11.2 | 10.2 | 10.2 |
| Owners' profit | 173 | 152 | 0 | 99 | 183 |
| EPS, as reported (₹) | 12.49 | 10.99 | 12.08 | 7.20 | 13.31 |
| ROE % · ROCE % | 16.0 · 21.1 | 12.4 · 15.8 | 12.3 · 16.5 | 7.8 · 16.0 | 12.7 · 19.2 |
| Debt / equity (x) | 0.29 | 0.52 | 0.46 | 0.51 | 0.55 |
| Cash from operations | 182 | 239 | 249 | 185 | 171 |
| Capex | (53) | (92) | (91) | (111) | (118) |
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 | 834 | 832 | 877 | 863 | 941 | 979 | 1,042 | 1,070 |
| Profit before tax | 28 | 60 | 50 | 71 | 81 | 41 | 97 | 76 |
| Net profit | 0 | 33 | 27 | 48 | 51 | 13 | 71 | 52 |
| EPS (₹) | 0.03 | 2.44 | 1.98 | 3.51 | 3.71 | 0.91 | 5.18 | 3.80 |
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 | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 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) | 34.3 | 25.3 | 78 of 119 | 35% |
| P/B | 4.5 | 3.2 | 76 of 117 | 35% |
| ROCE | 15.8 | 12.6 | 42 of 125 | 67% |
| ROE | 12.7 | 11.7 | 52 of 117 | 56% |
| Debt / Equity | 0.6 | 0.3 | 84 of 117 | 28% |
| EBITDA margin | 12.4 | 12.2 | 58 of 118 | 51% |
| Revenue growth | 23.9 | 20.2 | 43 of 113 | 63% |
| Profit growth | 8.6 | 24.4 | 73 of 115 | 37% |
| Market cap | 6406 | 1460 | 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 % |
|---|---|---|---|---|
| 27 Oct 2026 · Suprajit Engineering to discuss Q2 FY27 results on November 12 | board shareholder meetings | low | — | — |
| 15 Oct 2026 · Suprajit signs PPA and buys 26% stake in Amplus Green Power for captive solar use | strategic transactions | medium | — | — |
| 9 Oct 2026 · Compliance certificate for share dematerialisation, Q2 FY27 | compliance | minimal | — | — |
| 9 Oct 2026 · Board meeting on Nov 7 to consider Q2 and H1 FY27 results | results | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 till Q2 results | compliance | minimal | — | — |
| 24 Sept 2026 · Allotment of 4,881 equity shares to employees under ESAR Plan 2017 | capital market events | low | — | — |
| 15 Sept 2026 · Suprajit Engineering 41st AGM: All 4 resolutions passed | board shareholder meetings | low | — | — |
| 12 Sept 2026 · 41st AGM held; final dividend of Rs 2 per share declared | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Investor meeting with Bandhan Mutual Fund on September 28, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Suprajit Engineering to attend investor meets on September 9 and 10 | board shareholder meetings | 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 |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.