Sar Auto Products

₹2297.8 0 | 0%

WEBSITE BSE:538992 NSE : SAPL 17 May, 09:48

Market Cap ₹1095 Cr.

Stock P/E 939.8

P/B 64.8

Current Price ₹2297.8

Book Value ₹ 35.4

Face Value 10

52W High ₹2509.4

Dividend Yield 0%

52W Low ₹ 871.2

Edit Ratio

Sar Auto Products Research see more...

Overview Inc. Year: 1987Industry: Auto Ancillary

Sar Auto Products Ltd is an totally India-based producer of gears, tools bins and different transmission components. The Company is engaged in enterprise of manufacturing of auto additives, along with vehicle gears, which include spur, helical, straight bevel, sprockets, in conjunction with transmission spline shaft, couplings and electricity takeoff clutches, which are used for transmission, engine and differential tools containers. The Company has began the commercial enterprise of real estate development. The Company's merchandise encompass TATA GBS-600 (Gear Box Parts), TATA GBS-750 (Gear Box Parts), TATA GBS-1150 (Gear Box Parts), ZF (Gear Box), EATEN (Gear Box), ASHOK LEYLAND ZF and M & M NGT-520. The Company's plant is placed at 50E Bhaktinagar Industrial Estate, Rajkot, Gujarat.

Sar Auto Products Share Price

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Peer Comparison

Sar Auto Products Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	2	3	2	3	3	4	4	5	6	5
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	3	3	2	3	3	4	4	5	6	6
Total Expenditure	2	2	2	2	2	3	3	5	5	5
Operating Profit	1	1	0	1	1	0	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	1	0	-0	0	0	0	0
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0	0	0	1	0	-0	0	0	0	-0
Adjustments	-0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	0	1	0	-0	0	0	0	-0
Adjusted Earnings Per Share	0.5	0.6	0.3	1.2	0.5	-0.7	0.6	0.9	1	-0.1

Sar Auto Products Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2	2	2	3	5	7	10	7	6	11	12	20
Other Income	0	1	0	1	0	0	0	0	0	1	0	0
Total Income	2	3	3	4	5	7	10	7	7	11	12	21
Total Expenditure	2	2	5	3	4	6	8	6	5	9	10	18
Operating Profit	0	1	-2	1	1	1	2	2	2	2	2	4
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	0	-3	0	0	0	0	0	1	1	1	0
Provision for Tax	-0	-0	-0	-0	-0	0	-0	-0	0	0	0	0
Profit After Tax	-0	0	-3	0	0	0	0	0	0	1	1	0
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	0	-3	0	0	0	0	0	0	1	1	0
Adjusted Earnings Per Share	0	0	-6.7	0.4	0.6	0.3	0.7	0.6	0.9	2.4	1.3	2.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	20%	11%	20%
Operating Profit CAGR	0%	0%	15%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	160%	108%	51%	NA%
ROE Average	4%	5%	4%	0%
ROCE Average	5%	5%	4%	0%

Sar Auto Products Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	15	15	12	12	13	13	13	13	14	15	16
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	-0	-0	-0	-0	-0	-0	-0	-0
Total Current Liabilities	0	1	1	2	1	3	2	2	3	6	9
Total Liabilities	16	16	13	14	14	16	15	15	17	21	24
Fixed Assets	4	4	3	3	5	7	6	5	5	6	8
Other Non-Current Assets	6	7	0	0	0	0	0	1	1	0	3
Total Current Assets	7	5	10	11	8	9	9	9	11	15	13
Total Assets	16	16	13	14	14	16	15	15	17	21	24

Sar Auto Products Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	1	0	1	1	2	3	4	4	6	7
Cash Flow from Operating Activities	-0	1	1	-1	4	5	1	1	1	0	1
Cash Flow from Investing Activities	0	-2	-0	-1	-3	-4	0	-1	-1	-3	-4
Cash Flow from Financing Activities	0	0	0	1	-0	1	-0	0	1	4	2
Net Cash Inflow / Outflow	0	-1	1	-1	0	1	1	0	1	1	-1
Closing Cash & Cash Equivalent	2	0	1	0	1	3	4	4	6	7	6

Sar Auto Products Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	-6.69	0.37	0.63	0.34	0.69	0.62	0.95	2.37	1.3
CEPS(Rs)	0.71	1.4	-4.5	1.96	2.98	2.88	3.66	3.29	3.2	5.02	3.92
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	0	25.59	25.96	26.6	26.94	27.63	28.28	29.4	31.73	33.04
Core EBITDA Margin(%)	-1.74	-2.55	-112.44	6.2	20.87	16.75	15.11	18.73	22.3	18.65	16.75
EBIT Margin(%)	-13.87	6.07	-134.79	3.59	5.27	3.9	3.97	4.62	10.68	11.54	8.84
Pre Tax Margin(%)	-14.61	5.21	-137.89	2.86	4.52	2.86	2.75	3.66	9.68	10.75	7.74
PAT Margin (%)	-13.23	5.56	-130.53	5.39	5.3	2.31	3.36	4.32	7.18	10.54	5.32
Cash Profit Margin (%)	16.15	30.78	-87.83	28.52	25.07	19.75	17.74	23.03	24.21	22.37	16.1
ROA(%)	-1.73	0.75	-21.86	1.31	2.16	1.08	2.13	1.96	2.85	5.9	2.7
ROE(%)	-1.8	0.78	-23.1	1.44	2.4	1.26	2.54	2.21	3.29	7.74	4
ROCE(%)	-1.86	0.84	-23.45	0.92	2.25	1.99	2.79	2.22	4.46	6.81	4.76
Receivable days	610.05	617.34	372.73	152.03	98.85	93.94	81.71	140.38	160.13	125.07	122.49
Inventory Days	141.49	134.09	131.56	159.37	146.95	108.76	41.14	29.97	23.41	13.45	18.97
Payable days	65.12	92.28	101.18	150.63	113.28	321.41	123.02	1307.16	7042.89	0	-1500.07
PER(x)	0	0	0	415.09	141.7	485.88	408.78	527.17	257.92	200.82	680.9
Price/Book(x)	0	0	1.38	5.93	3.36	6.07	10.24	11.49	8.33	14.97	26.72
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.63	2.24	7.15	24.5	8.14	10.93	13.29	22.12	17.76	20.84	36.18
EV/Core EBITDA(x)	9.88	6.87	-7.03	83.09	29.1	50.34	72.41	94.8	64.1	89.21	184.37
Net Sales Growth(%)	-11.22	4.78	6.7	34.35	70.68	34.67	43.89	-30.85	-7.29	69.59	8.59
EBIT Growth(%)	-30.7	144.96	-2609.03	103.57	153.81	-9.38	44.2	-19.51	114.2	83.23	-16.82
PAT Growth(%)	-38.84	143.16	-2752.77	105.54	70.06	-46.68	105.79	-10.94	54.07	149.01	-45.18
EPS Growth(%)	0	0	0	105.54	70.05	-46.68	105.8	-10.95	54.08	149.01	-45.18
Debt/Equity(x)	0.01	0.02	0.01	0.08	0.05	0.09	0.06	0.07	0.13	0.35	0.44
Current Ratio(x)	28.8	10.16	18.28	6.83	7.59	2.9	4.28	5.84	3.91	2.42	1.51
Quick Ratio(x)	25.54	8.53	16.55	5.59	5.25	2.4	3.94	5.57	3.77	2.35	1.42
Interest Cover(x)	-18.79	7.12	-43.42	4.95	6.98	3.76	3.24	4.81	10.69	14.56	8.02
Total Debt/Mcap(x)	0	0	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02

Sar Auto Products Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.01	74.01	74.01	72.27	71.79	69.08	68.67	68.37	67.91	71.16
FII	0	0	0	0	0	0	0	0	0	0
DII	4.63	4.63	4.63	4.63	4.63	4.63	4.63	4.63	4.63	4.63
Public	21.37	21.37	21.37	23.11	23.58	26.3	26.7	27	27.46	24.21
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.35	0.35	0.35	0.34	0.34	0.33	0.33	0.33	0.32	0.34
FII	0	0	0	0	0	0	0	0	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	0.1	0.1	0.1	0.11	0.11	0.13	0.13	0.13	0.13	0.12
Others	0	0	0	0	0	0	0	0	0	0
Total	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48

Pros

Debtor days have improved from 0 to -1500.07days.
Company is almost debt free.

Cons

Company has a low return on equity of 5% over the last 3 years.
Stock is trading at 64.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.