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S J S Enterprises Ltd share Price Today

Company details

799.00
819.95
516.55
832.00
6M Return 24.27%
1Y Return 47.11%
Mkt Cap.(Cr) 2,487.07
Volume 129,332
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 129,332

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Auto Parts & Equipment Products company SJS Enterprises announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Strong revenue growth of 75.3% YoY to Rs 1,867.9 million, compared to 22.8% YoY growth in automotive market (2W PV), primarily on back of WPI acquisition and strong growth in PV, consumer segments as well as in exports
  • 18th consecutive quarter of outperformance, with a YoY growth of 73.5% in automotive business compared to 22.8% YoY growth in automotive industry (2W PV) production volumes
  • EBITDA grew 82.2% YoY to Rs 495.3 million; robust EBITDA margins at 26.2% on account of significant improvement in WPI margins to 25.5% as volumes at key OEMs picked up. Furthermore, Exotech recorded EBITDA margin of 18.1%
  • PAT grew 76.6% YoY to Rs 271.8 million, with margins at 14.5%. Adj. Net Profit excluding amortisation expenses grew 15.8% YoY to Rs 295.9 million, on a margin of 15.8%
  • Overall domestic sales clocked 76.8% YoY growth; on back of 110.2% YoY growth in PV business & 115.3% YoY growth in consumer business
  • Exports grew 57.2% YoY on account of strong performance of PV and consumer segment
  • Added new customer – Minda Vast

FY24 Financial Highlights:

  • First time since IPO, SJS board declared Final dividend of 20% on the face value
  • Delivered revenue growth of 45.0% YoY to Rs 6,278.0 million, registering better-than-automotive industry production volume growth of 9.7% YoY – SJS achieved its guided target of 45% YoY growth in revenue for FY24
  • EBITDA at Rs 1,599.0 million, growth of 36.9% YoY, consistently maintaining robust margins at 25.2%
  • PAT at Rs 853.7 million, 26.9% YoY growth, with a margin of 13.6%. Adj. Net Profit excluding amortisation expenses grew 37.1% YoY to Rs 921.8 million, on a margin of 14.7%. SJS exceeded the guided 30% PAT growth for FY24
  • Exports grew 51.1% YoY to Rs 483.0 million. Exports constituted 7.7% of total consolidated sales. Both Exotech and WPI are primarily domestic business and hence exports as a percent of consolidated sales are at 7.7%, while exports is 12.7% of SJS standalone sales
  • The acquisition of WPI has effectively balanced our portfolio across all our segments. Twowheelers now contribute 37% of our revenue, passenger vehicles contribute 36%, consumer segment 20% and others 7%
  • Company is getting future ready with the new generation products contribution increasing from 9.4% in FY23 to 25.2% in FY24, post WPI acquisition
  • Our Consolidated ROCE during the quarter stands at 20.4% and ROE at 15.2%. ROCE was lower due to WPI acquisition. This will improve gradually over a period of time and with better utilisation of new investments over next 1-2 years
  • During FY24, the company achieved robust free cash flows of Rs. 756.2 million. Our cash and cash equivalents reached Rs 520.0 million During the year, SJS for the first time had raised debt and our gross borrowings had increased to Rs 683.4 million, due to WPI acquisition. However, as promised to you’ll that significant portion of the debt will be repaid by end of FY24, so now our net debt levels stand at Rs 163.5 million, reflecting our strong cash flow performance.

Commenting on Company’s performance, K. A. Joseph, Managing Director & CoFounder, SJS Enterprises Limited, said, “Q4FY24 was marked by yet another quarter of better than industry performance by SJS with a revenue growth of 75.3% YoY to Rs 1,867.9 million, compared to 22.8% YoY growth in automotive industry (2W PV) production volumes. This growth is a result of our prudent capital allocation, our strategic investments in WPI acquisition and operational excellence.

Our WPI business is progressing according to plan, with sustained margin improvement. At SJS, we will continue to explore evolving cross-selling opportunities. Our primary goal is to build a sustainable and resilient organization that effectively meets the needs of our global customers and positions us as a one stop solution provider for aesthetic products. New technology product categories like IML, IMD and IMF have been added via WPI acquisition and optical plastics / cover glass will also pick up traction in the medium term. This will help us to further increase our new generation products contribution from 25.2% of revenue to even higher levels in the coming years. I am pleased to announce that the Board has recommended a final dividend of 20% on the face value, the first time since our IPO. This underscores the Company's growth trajectory and commitment to creating value for all shareholders.”

Commenting on Company’s performance, Sanjay Thapar, Executive Director & CEO, SJS Enterprises Limited, said, “FY24 have demonstrated our ability to execute our strategic plans to create a business model that will drive growth, coupled with strong performance in the PV and consumer segments, as well as increased exports. We are very happy with our Company’s performance as we have achieved our FY24 guidance of 45% revenue growth and exceeded 30% PAT growth.

During the quarter, WPI's EBITDA margins reached 25.5%, a significant increase from 20.4% in Q3 FY24. With WPI acquisition, we at SJS, now have formidable array of products & technology that will drive our growth in coming years. Our aim remains to achieve new milestones, while staying focussed to the ever-evolving needs of our customers.”

Result PDF

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S J S Enterprises Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 832.0
R2 850.2
R3 868.4
Pivot

813.75

S1 795.5
S2 777.3
S3 759.1
EMA SMA
739.7
687.7
658.3
630.2
737.2
664.4
639.7
645.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-21 707.5 187743 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-21 707.71 187743 NSE
ASHISH RAMESHCHANDRA KACHOLIA Bulk Sell 2023-11-22 627.77 347000 NSE
Name Category Shares
K A Joseph PROMOTER 16.92%
Evergraph Holdings Pte. Ltd. PROMOTER 4.63%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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Profit after Tax
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S J S Enterprises Ltd Stocks COMPARISON

Financials( in Cr) S J S Enterprises Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 801.30 6,156.40 2,257.20 331.40 2,092.05
% Change -1.52 1.93 -0.54 -0.32 0.33
Mcap Cr 2,487.07 78,202.90 60,634.49 20,562.61 10,202.30
Revenue TTM Cr 433.05 10,134.26 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 67.25 1,069.72 472.50 250.70 125.09
PE TTM 29.75 74.25 111.62 43.56 57.90
1 Year Return 47.11 106.09 14.66 89.64 42.82
ROCE 22.05 29.36 25.53 6.42 37.54
ROE 17.02 22.49 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 429.64 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

S J S Enterprises Ltd Information

Stock PE (TTM)
29.75
Promoter Holding
21.8%
Book Value
177.376
ROCE
22.05%
ROE
17.02%
Description
  • The Company was originally incorporated as a partnership firm in the name of SJS Enterprises on 10 June 1987. Subsequently,the company was registered as S.J.S. Enterprises Private Limited on 21 June 2005. Subsequently, the Company was converted into a public limited company, as approved by the Shareholders pursuant to a resolution dated 28 April 2021 and consequent upon conversion, recording the change in the name of the Company to "S.J.S. Enterprises Limited on 04 June 2021.The company is a subsidiary of Evergraph Holdings Pte Ltd. The company is engaged in manufacturing of self-adhesive labels such as automotive dials, overlays,badges and logos for the automotive,electronics and appliances industry. During the FY2017,the company has allotted 27000000 bonus equity shares of Rs 10 each to the shareholders in the ratio of 9:1. On 05 December 2017,the company has allotted 437904 equity shares of Rs 10 each at a price of Rs 100 per share on private placement. During the month of November 2021,the company came out with an Rs 800-crore public issue comprised fully offer for sale.The IPO shares were allotted at a price of Rs 542 per share including a premium of Rs 532 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 15 November 2021.

Registered Address

1 Talaghatapura Kanakapura, Main Road, Bangalore, Karnataka,

Email : compliance:sjsindia.com
Website : http://www.sjsindia.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543387
NSE Code : SJS
Book Closure Date (Month) :
BSE Group : B
ISIN : INE284S01014

FAQ’s on S J S Enterprises Ltd Shares

You can buy S J S Enterprises Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy S J S Enterprises Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 04:10 PM the closing price of S J S Enterprises Ltd was Rs.801.30.

The latest PE ratio of S J S Enterprises Ltd as of Jun 18, 2024 04:10 PM is 29.75

The latest PB ratio of S J S Enterprises Ltd as of Jun 18, 2024 04:10 PM is 0.22

The 52-week high of S J S Enterprises Ltd share price is Rs. 832.00 while the 52-week low is Rs. 516.55

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 Jun 18, 2024 04:10 PM, the market cap of S J S Enterprises Ltd stood at Rs. 2,487.07.

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