SUPRAJIT - Suprajit Engg.
📢 Recent Corporate Announcements
K. Ajith Kumar Rai, the Promoter and Chairman of Suprajit Engineering, has increased his stake in the company through an open market purchase. He acquired 53,000 equity shares on February 19, 2026, for a total consideration of approximately ₹2.20 crore. This transaction raises his individual shareholding from 2.74% to 2.78%. Such insider buying is typically interpreted by the market as a positive signal of management's confidence in the company's long-term value.
- Promoter K. Ajith Kumar Rai purchased 53,000 equity shares via the open market.
- The total transaction value is approximately ₹2,20,25,546.
- Individual promoter holding increased from 37,62,380 shares (2.74%) to 38,15,380 shares (2.78%).
- The acquisition was executed on February 19, 2026, and formally disclosed on February 24, 2026.
Supriyajith Family Trust, a promoter group entity of Suprajit Engineering, has acquired 34,000 equity shares through the open market. The transaction, valued at approximately ₹1.42 crore, was executed between February 18 and February 24, 2026. This purchase has marginally increased the total promoter group holding from 38.58% to 38.60%. Such open market acquisitions by promoters are generally perceived as a positive signal of management's confidence in the company's long-term value.
- Acquisition of 34,000 equity shares by Supriyajith Family Trust (Promoter Group).
- Total transaction value estimated at approximately ₹1.42 crore via open market purchase.
- Promoter group shareholding increased from 38.58% to 38.60% post-acquisition.
- The acquisition was completed during the period of February 18 to February 24, 2026.
Suprajit Engineering reported a 17.7% YoY growth in consolidated revenue to ₹9,789.57 million for Q3 FY26. However, consolidated net profit dropped significantly by 62.5% to ₹125.27 million, weighed down by higher material costs, employee expenses, and an exceptional item of ₹78.16 million related to new Labour Codes. On a standalone basis, the company performed better with a 16.8% YoY profit growth to ₹710.26 million. The board also declared an interim dividend of ₹1.50 per share, representing a 150% payout on face value.
- Consolidated Revenue grew 17.7% YoY to ₹9,789.57 million from ₹8,315.75 million.
- Consolidated PAT declined 62.5% YoY to ₹125.27 million, impacted by a ₹78.16 million exceptional charge.
- Interim dividend of ₹1.50 per share declared; Record date set for February 13, 2026.
- Standalone PAT increased 16.8% YoY to ₹710.26 million, showing strong domestic performance.
- Consolidated employee benefit expenses rose to ₹2,246.86 million from ₹1,829.91 million YoY.
Supriyajith Family Trust, a promoter group entity of Suprajit Engineering, has acquired 60,000 equity shares through the open market. The transaction, valued at approximately ₹2.59 crores, took place on February 12, 2026. This acquisition increases the trust's stake from 38.53% to 38.58% of the company's total share capital. Such insider buying typically signals management's confidence in the company's future prospects and intrinsic value.
- Acquisition of 60,000 equity shares by Supriyajith Family Trust (Promoter Group)
- Total transaction value amounts to ₹2,59,15,971.45 via open market purchase
- Promoter group stake increased from 38.53% to 38.58%
- The transaction was executed at an implied average price of approximately ₹431.93 per share
Suprajit Engineering reported a steady 8% YoY growth in consolidated revenue (excl. SCS) to ₹2,464 crores for 9M FY26, with EBITDA rising 11% to ₹327 crores. The company declared an increased interim dividend of ₹1.5 per share, reflecting management's confidence in the ongoing global turnaround. While the Controls division faced a $2 million one-time hit due to plant relocation and labor restructuring in Mexico, the Electronics division showed robust growth with margins reaching 11.2%. The integration of the SCS acquisition is nearing completion, with expectations of reaching positive EBITDA by the end of the current quarter.
- Consolidated 9M revenue (excl. SCS) grew 8% to ₹2,464 crores with EBITDA up 11% to ₹327 crores.
- Electronics division (SED) outperformed with 20% revenue growth and 160% EBITDA jump reaching 11.2% margin.
- Interim dividend increased to 150% (₹1.5 per share) from 125% in the previous year.
- One-time restructuring costs of approximately $2 million (₹18 crores) impacted the Controls division in Q3.
- SCS restructuring is substantially complete, targeting positive EBITDA by the end of Q4 FY26.
Suprajit Engineering Limited has made the audio recording of its Q3 FY26 analyst and institutional investor meeting available to the public. The meeting, held on February 10, 2026, followed the company's third-quarter financial results. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015, aimed at ensuring transparency. Investors can access the recording on the company's website to hear management's detailed commentary on performance and future guidance.
- Audio recording of the analyst meet held on February 10, 2026, is now accessible online.
- The call focused on the financial results and operational performance for Q3 FY26.
- Compliance maintained under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements).
- The recording link is hosted on the official Suprajit Group investor relations portal.
Suprajit Engineering reported a consolidated revenue growth of 9.8% YoY (excluding SCS) at ₹8,589 million for Q3 FY26. The board declared an increased interim dividend of 150% (₹1.50 per share), up from 125% last year. A key highlight is the narrowing EBITDA loss in the newly acquired SCS division, which improved from -40.8% to -1.8% YoY, signaling a near-turnaround. While the Electronics division saw a 161% EBITDA surge, the Lamps division faced headwinds from muted exports and cheap imports.
- Consolidated revenue (excluding SCS) grew 9.8% to ₹8,589 million with a 13% EBITDA margin.
- Interim dividend increased to ₹1.50 per share compared to ₹1.25 per share in the previous year.
- SCS division turnaround on track with EBITDA loss narrowing significantly to ₹21 million from ₹202 million YoY.
- Electronics Division (SED) revenue grew 19.8% with a massive 161.1% jump in operational EBITDA.
- Strategic €1 million investment in Blubrake Italy completed to introduce next-gen ABS technology.
Suprajit Engineering reported a 9.8% YoY growth in consolidated revenue (excluding SCS) to ₹8,589 million for Q3 FY26, though EBITDA margins compressed to 13% from 14.3%. The company declared an increased interim dividend of ₹1.50 per share, reflecting confidence in cash flows. A key highlight is the turnaround of the acquired SCS entity, which saw its EBITDA loss narrow significantly to ₹21 million from ₹202 million in the previous year. While the Electronics division grew robustly by 19.8%, the Phoenix Lamps division faced headwinds with a 3.8% revenue decline.
- Consolidated revenue (excluding SCS) grew 9.8% YoY to ₹8,589 million in Q3 FY26.
- Interim dividend declared at 150% (₹1.50 per share) vs 125% (₹1.25) in the previous year.
- SCS acquisition losses narrowed sharply to an EBITDA loss of ₹21 million from ₹202 million YoY.
- Suprajit Electronics Division (SED) saw a 161% surge in EBITDA with margins improving to 11.2%.
- Group debt increased to ₹7,233 million in Dec-25 from ₹6,571 million in Mar-25.
Suprajit Engineering Limited has officially fixed February 13, 2026, as the record date to determine shareholder eligibility for an interim dividend for the financial year 2025-26. This announcement follows the company's internal board approvals and complies with SEBI Listing Obligations. Shareholders appearing in the company's register on this date will be entitled to the payout. The specific dividend amount per share was not detailed in this specific record date intimation but relates to the FY26 performance.
- Record date for interim dividend fixed as February 13, 2026
- Dividend pertains to the financial year 2025-26
- Compliance with Regulation 42 of SEBI (LODR) Regulations, 2015
- Announcement released to exchanges on February 9, 2026
Suprajit Engineering Limited has scheduled an investor meeting with Aikya Investment Management, UK, on February 25, 2026. The meeting is set to take place in Bengaluru at 11:30 AM IST and will involve both group and one-on-one interactions. The company has explicitly stated that no unpublished price sensitive information will be shared during this session. Management will rely on the latest investor presentations already filed with the stock exchanges.
- Meeting scheduled for February 25, 2026, at 11:30 AM IST in Bengaluru
- Organized by Aikya Investment Management, UK, involving group and one-on-one sessions
- Compliance with Regulation 30(6) of SEBI Listing Obligations and Disclosure Requirements
- Company confirms no unpublished price sensitive information (UPSI) will be disclosed
Suprajit Engineering Limited has scheduled its Q3 FY26 earnings conference call for February 10, 2026, at 11:00 AM IST. The call will be hosted by Anand Rathi Research and will feature the company's top leadership, including the Founder & Chairman and the MD & Group CEO. This interaction follows the release of the company's financial results for the quarter ending December 31, 2025. Investors can use this platform to understand the company's operational performance and future growth outlook.
- Earnings conference call for Q3 FY26 results scheduled for February 10, 2026, at 11:00 AM IST.
- Top management participation includes Mr. K Ajith Kumar Rai (Chairman) and Mr. N S Mohan (MD & Group CEO).
- Universal dial-in numbers provided are 022 6280 1386 and 022 7115 8287.
- International access numbers available for investors in the USA, UK, Hong Kong, and Singapore.
- The session is being coordinated by Anand Rathi Research.
Suprajit Engineering Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share dematerialization requests received during the quarter ended December 31, 2025, were processed within the mandatory 15-day period. The Registrar and Transfer Agent, Integrated Registry Management Services, verified that certificates were mutilated and cancelled after due verification. This filing is a standard regulatory requirement for listed companies in India and indicates no material change in operations.
- Compliance certificate for the quarter ended December 31, 2025, submitted to BSE and NSE.
- Confirmation that dematerialized securities are listed on the stock exchanges.
- Verification that share certificates were cancelled and depositories' names substituted in the register.
- Processing of requests completed within the 15-day regulatory timeframe.
Suprajit Engineering reported a steady H1 FY26 with consolidated revenue (excluding SCS) growing 6.4% to ₹16,053 million and EBITDA rising 17% to ₹2,151 million. The Suprajit Controls Division (SCD) saw a significant 52.6% EBITDA growth following strategic restructuring, including the relocation of global facilities to Morocco and Mexico. While Phoenix Lamps faced headwinds in exports, the Electronics division recorded robust 35.9% revenue growth in Q2. Management expects the acquired SCS business to turn EBITDA positive by Q4 FY26 as restructuring activities conclude in December 2025.
- Consolidated EBITDA (excluding SCS) grew 17% YoY to ₹2,151 million with margins expanding to 13.4%.
- Suprajit Controls Division (SCD) achieved a double-digit EBITDA margin of 11.7% for the first time in H1.
- Electronics Division (SED) saw Q2 EBITDA surge 250.7% YoY with margins improving significantly to 13.5%.
- SCS acquisition losses narrowed to ₹67 million in Q2 from ₹176 million in Q1, targeting Q4 turnaround.
- Global restructuring involving Juarez, Poland, and Germany operations is on track for completion by Dec 2025.
Suprajit Engineering Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q3 FY26 financial results. The window will remain closed until 48 hours after the financial results for the quarter and nine months ending December 31, 2025, are declared. This is a standard regulatory procedure for listed companies in India.
- Trading window closure effective from January 1, 2026
- Closure pertains to financial results for the quarter and nine months ending December 31, 2025
- Window to reopen 48 hours after the official declaration of financial results
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Ashishesh Trusteeship Services Private Limited, a member of the promoter group, acquired 1,000 equity shares of Suprajit Engineering on December 8, 2025. The transaction was conducted through the open market at a total value of approximately ₹4.54 lakhs. Although the acquisition represents a negligible 0.00% of the company's total share capital, it reflects minor activity within the promoter group. The disclosure was made in compliance with SEBI PIT and SAST regulations.
- Acquisition of 1,000 equity shares by promoter group entity Ashishesh Trusteeship Services Private Limited.
- The transaction was executed in the open market on December 8, 2025, for a total value of ₹4,54,330.
- The acquirer is associated with the promoter group including K. Ajith Kumar Rai and the Supriyajith Family Trust.
- Total paid-up equity share capital of the company remains at 13,71,61,003 shares.
- The acquisition size is minimal and does not significantly alter the overall promoter holding percentage.
Financial Performance
Revenue Growth by Segment
Suprajit Controls Division (SCD, excluding SCS) operational revenue grew 7% YoY in Q2 FY26. SCS operational revenue also grew by approximately 7% YoY. Phoenix Lamps Division (PLD) experienced a revenue decline, though specific percentage was not disclosed. Overall Q1 FY26 revenue grew 17.4% YoY to INR 862.9 Cr.
Geographic Revenue Split
The company operates a global footprint with manufacturing in India, US, Europe, China, Brazil, and South-East Asia. No single customer accounts for more than 10% of total revenue, indicating high geographic and client diversification.
Profitability Margins
Consolidated operating margins were 10.2% in FY25 and 9.5% in Q1 FY26. SCD (excluding SCS) achieved a 14% margin in Q2 FY26, reaching the higher end of management guidance. Phoenix Lamps margins contracted from 15% to 12.7% YoY.
EBITDA Margin
Consolidated EBITDA margin stood at 10.2% for FY25. SCD operational EBITDA grew 50% YoY in Q2 FY26 with an 11.6% margin. Management targets a long-term margin of 12-14% excluding the SCS segment.
Capital Expenditure
Completed capacity expansion at the Chakan plant with a new building dedicated to the passenger vehicle segment. Total cash and liquid investments stood at INR 393 Cr as of March 31, 2025, despite inorganic investments and share buybacks.
Credit Rating & Borrowing
Maintains a strong financial profile with a net gearing of 0.3 times and net debt/OPBDITA of 1.4 times as of March 31, 2025. Borrowing costs are minimized by a healthy liquidity position of INR 256.8 Cr in mutual funds and bonds.
Operational Drivers
Raw Materials
Steel wires, plastic resins, and rubber for cables; rare earth elements for electronics and sensors (representing a significant cost and supply risk); and halogen components for lamps.
Import Sources
China (rare earth elements), Germany (restructuring of operations), Mexico (Juarez, Matamoros), and USA (Brownsville).
Capacity Expansion
Chakan plant expansion completed for Passenger Vehicles. Restructuring involves closing the Juarez (Mexico) facility and strengthening Matamoros and Brownsville operations to optimize North American production by December 2025.
Raw Material Costs
Raw material costs are impacted by rare earth export restrictions and tariff-related uncertainties. Most tariff costs are being passed through to customers, while others are reflected in the 10.2% operating margin.
Manufacturing Efficiency
Restructuring in Germany involves reducing headcount with separation costs of EUR 1.1 million to 1.2 million to improve long-term operational efficiency. SCS is expected to reach EBITDA breakeven by Q4 FY26.
Logistics & Distribution
Impacted by shipping congestion in Europe; however, nearshore facilities in Mexico and Hungary mitigate long-distance logistics risks for US and European OEMs.
Strategic Growth
Expected Growth Rate
5-10%
Growth Strategy
Growth will be achieved by outperforming the global industry (1-3% growth) by 5-10% through new program introductions in the Controls Division, premiumization via the Tech Center (Actuation, Electronics, Braking), and integrating the SCS acquisition to reach EBITDA breakeven by Q4 FY26.
Products & Services
Control cables (speedometer, throttle), halogen lamps, actuators, electronics, sensors, Combi Brake Systems (CBS), MDBS, and levers.
Brand Portfolio
Suprajit, Phoenix Lamps, Suprajit Controls Division (SCD), SCS, and Blubrake (investment).
New Products/Services
Mechanical Disc Brake System (MDBS), ABS (under development), and hydraulics. New braking projects are expected to ramp up in H2 FY26.
Market Expansion
Expansion into the e-bike and advanced braking market through an investment agreement with Blubrake S.p.A. signed on November 18, 2025.
Strategic Alliances
Investment agreement with Blubrake S.p.A. (Italy) to enhance braking technology capabilities.
External Factors
Industry Trends
The industry is shifting toward EVs, but Suprajit's cable products are drivetrain-agnostic. There is a trend toward premiumization in braking (CBS/ABS) and electronics, where the company is actively investing.
Competitive Landscape
Competes with global cable and lamp manufacturers; however, the bankruptcy of competitor Marelli provides potential market share gain opportunities for Phoenix Lamps.
Competitive Moat
Moat is built on being the lowest-cost actuation provider, long product validation cycles that prevent vendor switching, and a unique global manufacturing footprint that reduces tariff risks.
Macro Economic Sensitivity
Sensitive to global automotive production volumes (currently 1-3% growth) and Indian domestic growth (PV at 3.8%, 2W at 5.8% in H1).
Consumer Behavior
Shift toward premium two-wheelers in India is driving demand for advanced braking systems like CBS and MDBS.
Geopolitical Risks
Tariff issues and rare earth export restrictions pose risks to the global supply chain and cost structures.
Regulatory & Governance
Industry Regulations
Subject to global automotive safety standards for braking systems and import/export tariffs in the US and EU markets.
Taxation Policy Impact
Impacted by GST changes in India, which led to a 'gush of business' in October 2025.
Legal Contingencies
Restructuring-related employee separation legalities in Germany; specific court case values not disclosed.
Risk Analysis
Key Uncertainties
Unpredictability of global automotive growth and the successful integration of the SCS division to achieve Q4 breakeven targets.
Geographic Concentration Risk
Low; revenue is well-distributed across India, North America, and Europe.
Third Party Dependencies
Moderate dependency on rare earth suppliers for the electronics segment.
Technology Obsolescence Risk
Low risk as control cables remain the most cost-effective actuation method for both ICE and EV platforms.
Credit & Counterparty Risk
Strong; receivables are from major global OEMs and Tier-1s with no single customer concentration >10%.