Suprajit Engineering Limited (SUPRAJIT) AI Stock Analysis

• Market Cap: ₹54.88B
• Dividend Yield: 0.63%
• Average Volume (3M): 9.30K
• Price to Earnings (P/E): 126.9
• Beta (1Y): 1.17
• Revenue Growth: 14.20%
• EPS Growth: 16.80%
• Country: IN
• Employees: 1,753
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 1.50
• Shares Outstanding: 137,171,140
• 10 Day Avg. Volume: 4,185
• 30 Day Avg. Volume: 9,305
• PEG Ratio: -1.30
• Price to Book (P/B): 4.06
• Price to Sales (P/S): 1.59
• P/FCF Ratio: 357.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 12.91
• Revenue Forecast (FY): ₹38.01B

• Rating: 54 Neutral
• Price Target: ₹407.00 ▼(-13.87% Downside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

Suprajit Engineering Limited's overall stock score reflects moderate financial performance with revenue growth but declining margins and cash flow. Technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Product & channel diversification

A diversified product set (cables, actuation, lighting) and dual channels (OEMs plus aftermarket) reduce reliance on a single revenue stream. This structural diversification smooths revenue through vehicle cycles, provides cross-sell and content-upgrade opportunities, and supports long-term resilience.

Sustained revenue growth (~15% YoY)

Near 15% reported revenue growth indicates sustained top-line momentum and potential market share gains. Consistent revenue expansion enhances scale economics, improves bargaining leverage with suppliers, and underpins capacity utilization and future investments over the medium term.

Solid balance-sheet with strong equity

A healthy equity base and reasonable leverage provide financial flexibility to fund capex, absorb cyclical downturns, and honor multi-year OEM program commitments. This structural balance-sheet strength lowers refinancing risk and supports strategic investment over 2–6 months and beyond.

Negative Factors

Declining profit margins

Falling gross and net margins point to cost pressures or mix shifts that erode profitability. If sustained, margin compression will reduce cash available for reinvestment, weaken return on equity, and limit ability to fund R&D or pricing flexibility versus competitors over the medium term.

Weaker operating cash generation

Reduced operating cash flow and rising capex constrain free cash flow, increasing reliance on external financing or slower organic investment. Persistently weaker cash conversion elevates liquidity risk and can limit ability to fund growth projects or weather industry downturns.

Cyclicality & OEM concentration risk

Heavy dependence on OEM production volumes and platform program wins makes revenue sensitive to auto cycles and a few large customers. Customer concentration and platform timing can create durable volatility in orders, pricing pressure, and renewal risk across multi-year sourcing contracts.

Suprajit Engineering Limited Business Overview & Revenue Model

Company Description

Suprajit Engineering Limited manufactures, sells, and exports automotive cables and components to original equipment manufacturers in India, the United States, the United Kingdom, Germany, and Luxembourg. It provides control cables, speedo cables, auto and halogen lamps, non-automotive cables, motion control solutions, push-pull assemblies, clusters and speedometers, auxiliary lamps, vehicle lighting solutions, and other components for automobiles. The company was incorporated in 1985 and is based in Bengaluru, India.

How the Company Makes Money

Suprajit primarily makes money by manufacturing and selling automotive components to vehicle makers and to the aftermarket. Its core revenue stream is the sale of mechanical control cables and actuation systems (e.g., clutch, throttle/accelerator, brake, gear-shift and other control cables/assemblies) supplied directly to OEMs under multi-year sourcing programs; revenue in this stream is driven by vehicle production volumes, platform wins, content-per-vehicle, and pricing/commodity pass-through arrangements where applicable. A second meaningful revenue stream comes from the aftermarket, where the company supplies replacement cables/components through distribution channels; this stream benefits from the installed vehicle base and typically has different margin/working-capital dynamics than OEM supply. Suprajit also generates revenue from its automotive lighting-related business (components/modules supplied to vehicle OEMs and/or tier suppliers, depending on program structure), which adds product and customer diversification beyond cables. Across streams, earnings are influenced by scale efficiencies in manufacturing, localization and procurement, product mix (higher value-added assemblies vs. simple parts), capacity utilization, foreign exchange movements on exports, and customer concentration/contracting terms with large global and Indian OEMs. Specific customer names, contract terms, or segment revenue splits are not available in this response and are therefore null.

Suprajit Engineering Limited Financial Statement Overview

Summary

Suprajit Engineering Limited shows revenue growth but faces challenges in maintaining profit margins and cash flow generation. The balance sheet remains robust with strong equity levels, but declining profitability and cash flow indicate areas for improvement.

Income Statement

Suprajit Engineering Limited has demonstrated consistent revenue growth, with a notable increase from 2024 to 2025. However, the company's gross profit margin has decreased over the past year, suggesting potential cost pressures. The net profit margin has also declined, indicating challenges in maintaining profitability despite the revenue increase. Overall, the income statement shows growth but declining margins, warranting a moderate score.

Balance Sheet

The company's balance sheet indicates a stable financial position with a reasonable debt-to-equity ratio. While total debt has increased, the stockholders' equity remains strong, supporting a healthy equity ratio. The return on equity has reduced slightly, reflecting lower profitability. Despite these challenges, the company's balance sheet remains solid, justifying a good score.

Cash Flow

Suprajit Engineering's cash flow statement reveals a decline in operating cash flow over the past year, reflecting reduced cash generation from core operations. Free cash flow has also decreased, partly due to higher capital expenditures. Although the company maintains positive free cash flow, the reduction in operating cash flow and increased capital spending suggest tighter cash management, leading to a moderate score.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	35.12B	32.77B	28.96B	27.52B	18.30B	16.36B
Gross Profit	13.29B	5.66B	11.50B	11.35B	7.52B	6.81B
EBITDA	4.62B	3.80B	3.83B	3.49B	3.07B	2.66B
Net Income	1.60B	992.65M	1.67B	1.52B	1.73B	1.43B
Balance Sheet
Total Assets	30.47B	27.32B	25.79B	24.35B	17.39B	17.13B
Cash, Cash Equivalents and Short-Term Investments	4.15B	4.02B	6.29B	5.52B	4.46B	3.63B
Total Debt	9.27B	8.17B	7.08B	7.18B	3.37B	3.46B
Total Liabilities	16.83B	14.52B	12.17B	12.10B	6.55B	7.24B
Stockholders Equity	13.64B	12.80B	13.62B	12.24B	10.84B	9.90B
Cash Flow
Free Cash Flow	216.97M	145.33M	1.58B	1.47B	1.29B	1.36B
Operating Cash Flow	863.47M	1.26B	2.49B	2.39B	1.82B	1.61B
Investing Cash Flow	-592.44M	766.42M	-1.12B	-5.79B	365.00M	-598.24M
Financing Cash Flow	-231.01M	-1.91B	-1.22B	2.23B	-1.11B	-860.23M

Suprajit Engineering Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 472.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUPRAJIT, the sentiment is Negative. The current price of 472.55 is above the 20-day moving average (MA) of 418.36, above the 50-day MA of 431.52, and above the 200-day MA of 449.61, indicating a bearish trend. The MACD of -8.87 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 34.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SUPRAJIT.

Suprajit Engineering Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FIEMIND	70 Outperform	₹51.18B	23.47	―	1.24%	16.64%	22.21%
SHARDAMOTR	66 Neutral	₹43.06B	16.59	―	2.75%	6.96%	6.33%
LUMAXIND	66 Neutral	₹44.99B	26.20	―	0.62%	26.75%	20.28%
LUMAXTECH	66 Neutral	₹100.81B	31.91	―	0.35%	36.70%	36.24%
TALBROAUTO	65 Neutral	₹13.86B	15.60	―	0.32%	0.74%	-17.90%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SUPRAJIT	54 Neutral	₹54.88B	126.88	―	0.63%	14.20%	16.80%

Suprajit Engineering Limited Corporate Events

Suprajit Engineering Promoter Marginally Increases Stake via Market Purchase

Suprajit Engineering Limited has notified the stock exchanges that it has received a disclosure under Regulation 7(2) of SEBI’s Prohibition of Insider Trading Regulations and Regulation 29 of the SEBI SAST Regulations. The filing details a market purchase by promoter K. Ajith Kumar Rai of 10,000 equity shares on March 13, 2026, increasing his holding from 38,15,380 shares (2.78%) to 38,25,380 shares (2.79%), signaling a marginal uptick in promoter stake and ongoing compliance with disclosure norms.

The transaction, executed on the market and subsequently intimated to the company and exchanges, underscores transparent reporting of insider and substantial shareholder activity at Suprajit Engineering. While the percentage change in promoter holding is small, such buying can be read by investors as a modest expression of confidence from the promoter group and provides additional insight into the ownership dynamics of the company’s shares.