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Suprajit Engineering, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4618.66 Crore) operating in Auto Accessories sector.
Suprajit Engineering major products/revenue segments include sales of Auto Lamps, Other Operating Revenues, Services for the year ending 31-Mar-2021.
financial situation
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 737.81 Crore, up 11.23 % from last quarter Total Income – Rs 663.33 Crore and up 45.00 % from last year same quarter Total Income – Rs 508.85 From crore Company has reported Net Profit after Tax of Rs 45.75 Crore in the latest quarter.
The company’s top management includes Mr. K. Ajit Kumar Rai, Mr. NS Mohan, Mr. Ian Williamson, Mr. Suresh Shetty, Dr. (Ms.) Supriya A. Rai, Mr. M. Lakshminarayana, Mrs. Bharathi Rao, Mr. Harish. Hasan Vishweshwar, Mr. Akhilesh Rai. Company Near SR
& Associates LLP as its auditors. As on 30-09-2022, the total outstanding shares of the company are 14 Crore.
Investment Justification:
The brokerage is positive on the growth prospects of Suprajit Engineering (SEL), aided by its leadership position in the domestic cable business and locational advantage over its global peers. Through continuous focus on improving technology, broadening its product portfolio, increasing content per vehicle, increasing geographic penetration and building multiple brands, the company has evolved into a well-diversified and de-risked company. The recently acquired Light Duty Cable (LDC) business has seen a sharp improvement in operational performance, leading to near break-even performance during Q2 FY2023.
Promoter/FII Holdings
Promoters held 44.64 per cent stake in the company as on 30-September-2022, while FIIs held 4.95 per cent, DIIs held 15.2 per cent.
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