Sal Automotive Ltd - Stock Valuation and Financial Performance

BSE: 539353 | NSE: | Auto Ancillary | Small Cap

Sal Automotive Share Price

554.10 8.80 1.61%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on Sal Automotive

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sal Automotive stock performance -

mw4me loader
P/E Ratio (SA):
27.94
Market Cap:
134.1 Cr.
52-wk low:
385.9
52-wk high:
884.4

Is Sal Automotive Ltd an attractive stock to invest in?

1. Is Sal Automotive Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sal Automotive Ltd is a average quality company.

2. Is Sal Automotive Ltd undervalued or overvalued?

The key valuation ratios of Sal Automotive Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sal Automotive Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sal Automotive Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sal Automotive:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sal Automotive Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.5%11.7%12.6%17.1%16%6.7%3.6%-3.7%13.8%14.3%-
Value Creation
Index
0.0-0.2-0.10.20.1-0.5-0.7-1.30.00.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 93.895.69311413185.594.6151304308323
Sales YoY Gr.-1.9%-2.8%22.3%14.9%-34.6%10.6%59.3%101.8%1.2%-
Adj EPS 108.59.513.814.5-3.73.5-9.719.621.320
YoY Gr.--15.5%12%44.8%5.3%-125.7%NA-377.4%NA8.7%-
BVPS (₹) 105109.2120.5130.4139.4139.4139.9126.5145.8162168.1
Adj Net
Profit
2.422.33.33.5-0.90.8-2.34.75.15
Cash Flow from Ops. 1.14.1-0.4-0.72.7-6.6-1.5-9.516.610.9-
Debt/CF from Ops. 000-0.40-0-6-2.92.22.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%18.7%48.2%1.2%
Adj EPS 8.7%8%82.6%8.7%
BVPS4.9%3%5%11.1%
Share Price - 25.4% 41.3% 35.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.77.98.31110.7-2.72.5-7.314.413.912.1
Op. Profit
Mgn %
43.13.54.54.4-0.71.6-0.83.44.13.9
Net Profit
Mgn %
2.62.12.52.92.7-10.9-1.61.61.71.5
Debt to
Equity
0000000.30.910.6-
Working Cap
Days
110103106124124191205168979245
Cash Conv.
Cycle
11101018244027231115-3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.10%

Sales growth is growing at healthy rate in last 3 years 48.16%

Net Profit is growing at healthy rate in last 3 years 82.60%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is not so good in last 4 quarters at -0.63%

Latest Financials - Sal Automotive Ltd.

Standalone Consolidated
TTM EPS (₹) 20 -
TTM Sales (₹ Cr.) 323 -
BVPS (₹.) 168.1 -
Reserves (₹ Cr.) 38 -
P/BV 3.33 -
PE 27.94 -
From the Market
52 Week Low / High (₹) 385.85 / 884.40
All Time Low / High (₹) 12.50 / 884.40
Market Cap (₹ Cr.) 134
Equity (₹ Cr.) 2.4
Face Value (₹) 10
Industry PE 53.8

Management X-Ray of Sal Automotive:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sal Automotive

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9496931141318595151304308
Operating Expenses 9093901091258693152293295
Manufacturing Costs555554451010
Material Costs67696582976169117243239
Employee Cost 15151617191817243439
Other Costs 3344444567
Operating Profit 43356-12-11013
Operating Profit Margin (%) 4.0%3.1%3.5%4.5%4.4%-0.7%1.6%-0.8%3.4%4.1%
Other Income 1111111221
Interest 0000001133
Depreciation 1111112234
Exceptional Items 0000030000
Profit Before Tax 4335521-367
Tax 1112110-112
Profit After Tax 2223311-255
PAT Margin (%) 2.6%2.1%2.5%3.0%2.7%1.5%0.9%-1.5%1.5%1.7%
Adjusted EPS (₹)10.18.59.614.214.55.23.5-9.719.621.3
Dividend Payout Ratio (%)35%41%42%32%31%67%100%0%20%21%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 25262931333334303539
Share Capital 2222222222
Reserves 23242729313131283336
Minority Interest0000000000
Debt0000006253016
Long Term Debt0000002290
Short Term Debt0000004232116
Trade Payables20171828222128405041
Others Liabilities 544899981517
Total Liabilities 50485167656477104130112

Fixed Assets

Gross Block23242124262729345661
Accumulated Depreciation14151615171819212427
Net Fixed Assets9969999133334
CWIP 11000011010
Investments 0055500000
Inventories6666779152422
Trade Receivables20161931262128353737
Cash Equivalents 810979881145
Others Assets6571091922302114
Total Assets 50485167656477104130112

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 140-13-7-1-91711
PBT 4335521-367
Adjustment 10001-21246
Changes in Working Capital -22-3-4-2-6-3-86-1
Tax Paid -1-1-1-2-10000-1
Cash Flow From Investing Activity -10-1-3-170-14-10-3
Capex -1-1-1-4-26-2-15-11-4
Net Investments 0000000000
Others 1111111111
Cash Flow From Financing Activity -1-1-130-22166-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-1-1-3-3
Dividend Paid -1-1-1-1-1-1-1-10-1
Others 0004104188-12
Net Cash Flow 03-2-11-10-713-8
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.757.928.3611.3210.743.752.51-7.2814.413.82
ROCE (%)14.4811.6812.5517.115.976.743.64-3.6813.7814.28
Asset Turnover Ratio2.12.162.081.971.981.331.341.672.62.54
PAT to CFO Conversion(x)0.520-0.331-7-1N/A3.42.2
Working Capital Days
Receivable Days736363798010195764344
Inventory Days18202019193131292427
Payable Days1079799103941301311076869

Sal Automotive Ltd Stock News

Sal Automotive Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sal Automotive on 05-Nov-2024 00:00 is ₹554.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of Sal Automotive stood at ₹134.1.
The latest P/E ratio of Sal Automotive as of 05-Nov-2024 00:00 is 27.94.
The latest P/B ratio of Sal Automotive as of 05-Nov-2024 00:00 is 3.33.
The 52-week high of Sal Automotive is ₹884.4 and the 52-week low is ₹385.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sal Automotive is ₹322.8 ( Cr.) .

About Sal Automotive Ltd

Established in 1974, SAL Automotive Limited (Formerly Swaraj Automotives Limited) is an emerging global manufacturer of Automotive Components, Seats and Agricultural Implements. The company is a leading and preferred Supplier to the Indian Automotive Industry.

Inaugurated by the President of India as Punjab Scooters Limited and started manufacturing scooter named as “Vijay Kesari”. Company diversified into manufacturing of Seats in 1986 and Seat Mechanism in 1994 in technological tie-up with Fuji Kiko of Japan. In the year 2014, company extended its product portfolio with agricultural implements.

The company employs dedicated shop floor workers supported by experienced technical and managerial staff. The company has adequate facilities to design and develop Seats, Seat Mechanisms and Agricultural Implements to cater the need of the valuable customers.

Business area of the company

The company is engaged in manufacturing business of Automobile Components, which includes Tractor seats, LCV seats, Seat mechanisms for passenger cars & commercial vehicles and Seat frames for commercial vehicles and Agriculture Implements, which include Rotavators, Tractor trailers and Planter etc.

Product Portfolio

  • Seats
  • Seat Mechanism
  • Agriculture Implements
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