Suprajit Engineering Ltd

NSE
SUPRAJIT •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High in past week
14
TTM PE Ratio
Above industry Median
40.1
Price to Book Ratio
Below industry Median
4.9
Dividend yield 1yr %
Below industry Median
0.5
TTM PEG Ratio
PEG TTM is negative
-6
RSI
RSI is mid-range
69.6
MFI
MFI Overbought
79.5

Suprajit Engineering Ltd Key Financials

*All values are in ₹ Cr.

Suprajit Engineering Ltd shareholding Pattern

Promoter
44.6%
Foreign Institutions
4.6%
Mutual Funds
15.4%
Domestic Institutions
16.2%
Public
34.6%

Suprajit Engineering Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
425.90
10Day EMA
417.40
12Day EMA
414.90
20Day EMA
408.10
26Day EMA
405.00
50Day EMA
398.30
100Day EMA
393.60
200Day EMA
387.80
Delivery & Volume
Resistance & Support
431.07
Pivot
Resistance
First Resistance
439.58
Second Resistance
446.92
Third Resistance
455.43
Support
First Support
423.73
Second support
415.22
Third Support
407.88
Relative Strength Index
69.57
Money Flow Index
79.49
MACD
9.86
MACD Signal
5.63
Average True Range
14.54
Average Directional Index
24.24
Rate of Change (21)
10.20
Rate of Change (125)
2.16

Suprajit Engineering Ltd Company background

Founded in: 1985
Suprajit Engineering Ltd (SEL) was incorporated in May 24th, 1985 as a private limited company and was converted into public limited company in Jun95, promoted by K Ajith Kumar Rai. The company is engaged in the business of manufacturing of auto components consisting mainly of control cables, speedo cables, auto lamps and other components for automobiles. The company is one of the major suppliers to the original equipment manufacturers viz. TVS Motors Ltd, Hero Honda Motors Ltd, Escorts Automotives Ltd, Kinetic Honda Motors Ltd, RHW India Ltd and Whirlpool Washing Machines Ltd. SELs products are very well established with OEMs confirming to their quality standards. To meet the continued increased requirement of the customers, the company increased the capacity from 24 lakh cables to 36 lakh cables, the cost of which was met by contribution from the promoters and their group. During Oct95, SEL came out with an public issue of 16,16,700 equity shares of Rs 10/ each for cash at a premium of Rs 20/ per share aggregating to Rs 4.85 crores to set up a separate unit for manufacture of instruments such as speedometers, odometers, tachometers, fuel guages etc. in technical collaboration with Chao Long Motor Parts Corporation, Taiwan.In 199798, the company has expanded its installed capacity from 48,00,000 to 60,00,000 Nos Cable. Both the units of the Company under the Cable Division were certified ISO9002 by SGS Yarsley International Certification Services Limited, U.K.The company continued their technical colloboration with Chao Long Motor Parts Corp., Taiwan and has also absorbed their technology. The company has also developed specialised cables for the automotive sector during the year apart from developing various cables for two wheeler industries.In 200102 the automotive cable unit at Manesar Industrial Area has started its operations. The total installed capacity of Cable till March 2003 was 170.00 lacs. During 200203 a state of the art cable plant was set up at Manesar Industrial area,new New Delhi, The company has acquired Shah Concabs Private Ltd,a privately owned automotive cable manufacturer.The company has expanded its installed capacity of Cables by 11000000 and with this expansion,the total capacity has risen to 28000000(nos).Later again during the FY 200405,the company expanded the capacity by 8000000 and thereby the total has risen to 36000000(nos).On 12th of May 2006,the company has acquired the assets and business of CTP Gills Cables through its wholly owned subsidiary in UKGills Cables Ltd.Simultaneously,the acquisition of balance 50% stake in the 100% EOU CTP Suprajit Automotive Private Ltd held by Carclo Plc has also been acquired by the company.In the process,both Gills Cables Ltd,UK and CTP Suprajit Automotive Private Ltd are now whollyowned subsidiaries of the company.During the year 2015, the Company acquired, on a slump sale basis, the cable division of Pricol Limited. The building construction at Pathredi was completed.In FY 2015, the Company signed a Share Purchase Agreement to acquire 61.88% stake in Phoenix Lamps Limited. An Open Offer for the shareholders of Phoenix Lamps Limited to acquire an additional 26% was launched. The Company acquired 61.93% in the fully paid up Equity Share Capital of Phoenix Lamps Limited, completed the transaction in line with Share Purchase Agreement signed on 6th May, 2015 and accordingly, with this, Phoenix Lamps Limited became subsidiary of Company. On 18th April, 2016, the Company and Phoenix Lamps Limited were merged and set the Share Exchange Ratio 4:5 i.e., Suprajit offered 4 shares for every 5 shares held by Shareholders in Phoenix. For every 4 Equity Shares of Suprajit, 5 Equity Shares of Phoenix were issued. The Company acquired Wescon Controls, LLC, USA on September 9, 2016 through its Wholly Owned Subsidiary Suprajit USA, INC. In 2020, it acquired India Halogen Assets of Osram from Messrs Osram India Private Limited on 4th October, 2019. The new plant at the Doddaballapur Industrial Area started commercial production in December 2019.During the year 2022, Company acquired Light Duty Cable (LDC) business unit from Kongsberg Automotive ASA (KA), supplying to automotive, nonautomotive and 2wheeler segments along with ElectroMechanical Actuators (EMA) and completed the transaction on 6th April, 2022 and accordingly, LDC business unit became the part of Suprajit.
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Suprajit Engineering Ltd FAQs

Suprajit Engineering Ltd shares are currently priced at 432.25 on NSE and 432.05 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Suprajit Engineering Ltd [SUPRAJIT] share was 20.55. The Suprajit Engineering Ltd [SUPRAJIT] share hit a 1-year low of Rs. 327.65 and a 1-year high of Rs. 449.

The market cap of Suprajit Engineering Ltd is Rs. 5984.48 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Suprajit Engineering Ltd is 29.11 as of 2/29/2024 12:00:00 AM.

The PB ratios of Suprajit Engineering Ltd is 5.02 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 15.42% at the end of 2/29/2024 12:00:00 AM.

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