Please see attachment for details, the following is just a summary:
Results Update:
Suprajit reported best quarterly performance in the history of the Company. There was robust growth in PBT, EBIDTA and sales both on a Quarter on Quarter basis as well as year on year.
Subsidiaries performed well for the 9 months, adding to the profitability on a consolidated
basis.
Aftermarket and non-automotive exports business clocked robust growths of 35% and 45%
respectively.
Considering the robust performance of the period, the Board of Directors have
recommended an increased interim dividend of 45%(Rs. 0.45/share of Re. 1/-), as against
35% last year.
CAPEX Update:
Suprajit announces multiple capex plans including two new cable plants in Narsapura Industrial area, Karnataka and in Vallam-Vadagal Industrial Park, Tamilnadu.
Suprajit also anounces significant capacity expansion at the existing Pathredi plant, Rajasthan. Complete renovation and refurbishing of an existing plant in Bommasandra, Bangalore to
relocate the aftermarket manufacturing facility to meet increased demand. Additional equipments to add capacity at its 100% owned subsidiary, Suprajit Automotive.
Reappointment of Chairman and Managing Director:
The Board of Directors have reappointed Mr.K Ajith Kumar Rai, as Chairman and Managing
Director for a 5-year term. The Remuneration Committee, which met to discuss the
reappointment and remuneration, recommended a reduced remuneration cap on commission
of 4% as against the current cap of 5%, with a revised salary structure. This was approved by
the Board.
This is to inform you that the United Auto Workers (UAW) Union has resorted to strike at 3 major Auto Companies, namely GM, Ford and Stellantis, in the USA. The…
This is to inform you that the Company has allotted 41,511 Equity Shares of Re. 1/- eachto 36 employees, who have exercised their option under the “SEL ESAR Plan -2017”…
Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we are enclosing herewith a copy of the Business Responsibility andSustainability Report of the Company for the…
Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements),2015, please be informed that the Register of Member and Share Transfer Books of theCompany will remain closed from…
Thisis toinform that the 38th (Thirty Eighth) Annual General Meeting (AGM) of the Companywill be held on Monday, September 25, 2023 at 2.30 p.m. (IST) through Video Conference /Other Audio…
This is to inform you that we are participating in the Physical investor conference organized by Elara Capital at Mumbai on September 6, 2023. The list of Investors/analysts who are…
With reference to our announcement dated August 24, 2023. The dates to be read as September 30, 2023 instead of August 31, 2023 and October 1, 2023 instead of Sept…
See attached report for more details.
Call Recording of Q1 FY24 Result Conference Call Hosted by Anand Rathi Research on 14 Aug 2023, at 11:00 am IST Suprajit Eng Q1FY24 Call Recording
Please find attached the copy of Newspaper Advertisement published by the Company in‘Business Standard’, English Newspaper and ‘Sanjevani’, Kannada Newspaper.
Find below attached copies of the Newspaper Advertisement published by the company in “Financial Express”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter ended…
Find below attached copies of the Newspaper Advertisement published by the company in “Business Standards”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter and…
We forecast revenue CAGR of 25% over FY22-25E We forecast 28% EPS CAGR over FY22-25E for Suprajit We initiate coverage with a BUY recommendation and Sep-23E TP of Rs440 Consistent…
Notice is hereby given that the 37th (Thirty Seventh) Annual General Meeting (AGM) of the Members of Suprajit Engineering Limited (“the Company”) will be held on Monday, September 26, 2022,…
We initiate coverage on Suprajit Engineering (SEL) with a BUY rating. SEL is one of the largest manufacturers of Automotive Control Cables and Halogen Lamps, supplying to domestic & international…
Suprajit Engineering (SEL) has consistently grown ahead of industry through inorganicopportunities. Through its newest acquisition (LDC), company is well placed to increaseits global market share in control cables.
Suprajit Engineering Limited’s (Suprajit’s) Q2FY2022 numbers were better than expectations, with revenue, EBIDTA, and PAT improving by 36.5%, 62.6%, and 99.8%, respectively, on a q-o-q basis. Net revenue improved by…
Please check out here the Complete details of Analysis from Spark Capital.
