Suprajit Engineering LtdQ1 FY26
Suprajit Engineering Ltd Q1 FY26 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Price: ₹468P/E: 40.9Market Cap: ₹5.7K CrSector: Auto Components
Management growth scorecard
Revenue
Category 3
Margin
Category 3
Fundraise
N/A
Order
N/A
Capex
Yes
1 of 3 growth signals are positive — mixed outlook.
Full analysisRevenue guidance
Category 3- →Expectation of double-digit revenue growth this year, driven by existing business wins and new projects.
- →SCD (Suprajit Controls Division)预计实现10%以上增长,并计划扩充产能,以满足新增订单。
- →India operations targeting double-digit growth, supported by market share gains and Beyond Cable project ramp-ups.
- →Electronics division expected to maintain comfortable double-digit margins with growth depending on product mix.
- →Phoenix Lamps division anticipates recovery and growth due to new business wins amid competitor insolvencies.
- →Global Cables and Mechatronics (GCM) division expects double-digit revenue growth with significant EBITDA margin improvement.
- →Confidence based on order book visibility and ongoing discussions with new customers, especially in India and China.
- →Growth outlook subject to commodity price inflation and geopolitical uncertainties (e.g., Middle East conflict).
Margin guidance
Category 3- →Suprajit Engineering expects double-digit revenue growth for FY27, led by strong performances in Global Cables and Mechatronics (GCM) and India Cables and Mechatronics (ICM) divisions.
- →EBITDA margins are forecasted to improve to around 12.5%-13.5%, driven by operational restructuring and capacity expansions, notably in the SCD and SCS businesses.
- →The Global Cables and Mechatronics division (inclusive of SCS) aims to increase EBITDA margins from 6%-7% to 10%-12% through operational excellence and consolidation efforts.
- →The Electronics Division is expected to maintain comfortable double-digit margins in the near term.
- →Phoenix Lamps division margins, which declined in FY26 due to subdued volumes and price pressures, are expected to recover with new business wins and market share gains.
- →Overall, profit growth is supported by new business wins, tariff recoveries, and expected normalization of commodity costs.
- →CAPEX of around INR 200 crores is planned to support growth and capacity expansions.
3 more insights locked — sign up free to unlock
Fundraise plans
- →The document does not mention any current or planned new fundraising through debt or equity.
- →Total debt as of March 2026 stands at INR 785 crores.
- →Surplus cash balance invested in mutual funds is INR 235 crores as of March 2026.
- →CAPEX plans are funded internally, with no indication of external fundraising.
- →INR 200 crores CAPEX allocated for land, building, plant, expansions, and IT infrastructure across the group.
- →No explicit discussion on raising new debt or equity for future financing.
Order book
- →Suprajit Engineering Limited does not maintain a traditional fixed order book with specific quantities.
- →Orders are received and processed daily via the SAP portal, with pricing fixed but quantities variable based on OEM vehicle production.
- →The company works closely with OEMs; order volumes depend on how specific vehicle models perform in the market.
- →Once orders are received, the company knows its supply share (100%, 70%, or 50%) but does not project volumes annually.
- →This approach is standard in the auto component industry, focusing on customer demand rather than fixed order quantities.
- →Therefore, no conventional order book figures are shared or emphasized in their communications.
Capex plans
Yes- →Total planned CAPEX is approximately INR 200 crores.
- →Allocation breakdown:
- → - India operations: ~INR 80 crores (including Electronics Division with a new 3-story building replacing old facility, spread over two years, with about half allocated this year).
- → - Global operations: ~INR 50 crores.
- → - STC (Strategic Technology Center): ~INR 50+ crores.
- →Projects include:
- → - AURIC Maharashtra land purchase.
- → - Completion of STC building.
- → - SAL Chennai Plant-2 expansion.
- → - SCD capacity expansion.
- → - Upgrades to IT infrastructure and software (~INR 15 crores).
- →Focus on relocating Electronics Division to leased premises for modernization.
- →Investments also cover maintenance, equipment replenishment across the group.
How does Suprajit Engineering Ltd rank vs peers in Auto Components?
Pro feature1Suprajit Engineering Ltd
Rev 3Mar 3
See full Auto Components sector rankings
Want more stocks like Suprajit Engineering Ltd?
Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.
Build my portfolio