Suprajit Engineering Limited (SUPRAJIT)
₹465.45 +0.87% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Suprajit Engineering's revenue was ₹1,070 Cr (+23.9% year on year, +2.6% on the previous quarter), and net profit ₹52.2 Cr (+8.6% year on year); the operating margin was 12.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,070 | +23.9% | +2.6% |
| Operating profit | ₹129 | +57.5% | +7.3% |
| Net profit | ₹52.2 | +8.6% | -26.4% |
| EPS (₹) | 3.80 | +8.3% | -26.6% |
| Operating margin | 12.0% | — | — |
SUPRAJIT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.13% of the SUPRAJIT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 54.14%. That is close to its usual level.
Delivery in the last 5 sessions: 56.9% · 59.0% · 68.9% · 37.0% · 58.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Suprajit Engineering has entered into a Power Purchase Agreement and Share Acquisition Agreement to acquire an equity stake in Amplus Green Power Private Limited for ₹38.40 lakh. The company, along with other captive users, will hold a minimum 26% equity stake to source captive solar power for its manufacturing facilities in Uttar Pradesh. The transaction is structured as an all-cash consideration and is expected to close within 4 months. Given Suprajit's TTM revenue of ₹4,032 crore, this is a minor operational investment aimed at lowering power costs and raising renewable energy usage.
- Cash investment of ₹38,40,000 in one or more tranches in Amplus Green Power Private Limited
- Minimum 26% equity stake to be subscribed collectively along with other captive users
- Agreement execution date of October 15, 2026, with an indicative completion timeline of 4 months
- Targeted at supplying captive solar power to manufacturing plants in Uttar Pradesh
Suprajit Engineering Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Transfer Agent Integrated Registry Management Services confirms that all securities received for dematerialization were processed within 15 days. No material financial, business, or operational developments were reported in this disclosure.
- Compliance certificate submitted under Regulation 74(5) for quarter ended September 30, 2026
- RTA confirmed securities dematerialized and substituted in register of members within 15 days
- Issued by Integrated Registry Management Services Private Limited dated October 8, 2026
Suprajit Engineering Limited announced the results of its 41st Annual General Meeting held on September 12, 2026. All four resolutions were passed with the requisite majority, with voter turnout representing 68.41% of total voting rights (93.84 million votes polled). Shareholders formally approved the adoption of FY26 financial statements and declared a final dividend of Rs 2.00 per share (200%), confirming the previously paid interim dividend of Rs 1.50 per share. Director K. Ajith Kumar Rai was also re-appointed with 97.53% favorable votes.
- Final dividend of Rs 2.00 per share (200%) approved alongside interim dividend confirmation of Rs 1.50 per share (150%)
- All 4 ordinary resolutions approved with over 97.5% favorable votes
- Total of 93,838,304 votes polled out of 137,179,346 total shares, representing a 68.41% turnout
- Re-appointment of Director K. Ajith Kumar Rai passed with 91,521,210 votes in favor (97.53%) and 2,317,094 votes against (2.47%)
Suprajit Engineering conducted its 41st Annual General Meeting on September 12, 2026, through video conferencing. Shareholders transacted ordinary business, including the adoption of FY26 financial statements and confirming an interim dividend of ₹1.50 along with a final dividend of ₹2.00 per share (totalling ₹3.50 per share for FY26). The re-appointment of Director Mr. K. Ajith Kumar Rai and cost auditor remuneration were also placed before members. Scrutinizer voting results will be submitted separately under Regulation 44(3).
- 41st Annual General Meeting held on September 12, 2026, from 2:30 PM to 2:50 PM IST
- Final dividend of ₹2.00 (200%) declared for FY26, alongside confirmation of ₹1.50 (150%) interim dividend
- Adoption of audited standalone and consolidated financial statements for year ended March 31, 2026
- Ratification of remuneration for Cost Auditors Messrs. G N V and Associates for FY27
Suprajit Engineering has informed the exchanges that its management will participate in a virtual one-on-one meeting with Bandhan Mutual Fund on September 28, 2026, at 11:00 AM IST. The company confirmed that no unpublished price-sensitive information will be discussed, and existing investor presentations will be used. This is a routine institutional investor interaction for the auto ancillary company (market cap Rs 6,739 crore).
- Virtual one-on-one meeting scheduled for September 28, 2026, at 11:00 AM IST
- Meeting to be held with institutional investor Bandhan Mutual Fund
- No unpublished price sensitive information (UPSI) will be shared during the interaction
Suprajit Engineering has informed the exchanges about upcoming one-on-one investor meetings scheduled for September 9 and September 10, 2026, in Bangalore. On September 9, management will meet Quantum Advisors (organized by PhillipCapital India) from 1:00 PM to 2:00 PM IST. On September 10, the company will meet DSP Mutual Fund (organized by Avendus Spark) between 9:00 AM and 5:00 PM IST. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during these interactions.
- One-on-one meeting with Quantum Advisors scheduled for September 9, 2026 (1:00 PM to 2:00 PM IST)
- One-on-one meeting with DSP Mutual Fund scheduled for September 10, 2026 (9:00 AM to 5:00 PM IST)
- Meetings organized by PhillipCapital India and Avendus Spark in Bangalore
- Company confirmed that no unpublished price sensitive information will be disclosed
Suprajit Engineering has submitted its Business Responsibility and Sustainability Report (BRSR) for FY2025-26 pursuant to Regulation 34(2)(f) of SEBI LODR Regulations. The filing outlines the company's standalone ESG metrics, operating profile across 18 domestic plant locations, and green energy utilization (2,929 kWp solar capacity and 5.89 million units of green energy annually). Standalone exports contributed 10% to total turnover during the fiscal year. This is a routine annual compliance filing with no direct impact on financial guidance or ongoing business operations.
- Installed solar capacity stood at 2,929 kWp, with annual procurement of 5.89 million units of green energy
- Operating footprint includes 18 domestic manufacturing plants across 28 states and 8 Union Territories
- Standalone exports accounted for 10% of total turnover, serving 11 international markets
- Standalone workforce comprises 1,016 permanent employees and 817 permanent workers as of March 31, 2026
- Zero product recalls or reported customer data breaches during FY2025-26
Suprajit Engineering Limited has issued the notice for its 41st Annual General Meeting scheduled for September 12, 2026. The agenda includes shareholder approval for a final dividend of ₹2.00 per share (200% on face value ₹1), taking the total FY26 dividend to ₹3.50 per share after accounting for the ₹1.50 interim dividend paid earlier. The record date for the final dividend entitlement is set for September 1, 2026, with the register of members closed from September 6 to September 12, 2026. Other standard agenda items include adopting FY26 audited accounts, the re-appointment of director Mr. K Ajith Kumar Rai, and ratifying ₹2,00,000 cost auditor remuneration for FY27.
- 41st AGM scheduled for Saturday, September 12, 2026, at 2:30 PM IST via Video Conferencing
- Final dividend proposed at ₹2.00 per equity share (200% of ₹1 face value)
- Record date for final dividend eligibility set as September 1, 2026
- Total FY26 dividend reaches ₹3.50 per share including previously paid ₹1.50 interim dividend
- Re-appointment of promoter-director Mr. K Ajith Kumar Rai who retires by rotation
Suprajit Engineering Limited has fixed September 1, 2026, as the record date to determine shareholder eligibility for the dividend, subject to shareholder approval at its 41st Annual General Meeting (AGM). The AGM is scheduled to take place on Saturday, September 12, 2026. Additionally, the cut-off date for e-voting is set for September 5, 2026, with the register of members closed from September 6 to September 12, 2026.
- Record date for dividend entitlement is fixed as September 1, 2026
- 41st Annual General Meeting scheduled for September 12, 2026
- E-voting cut-off date established as September 5, 2026
- Book closure period set from September 6, 2026, to September 12, 2026 (both days inclusive)
Suprajit Engineering reported a record consolidated quarterly revenue of ₹1,070 Cr for Q1 FY27, a 24% YoY increase. Consolidated EBITDA grew 57% to ₹129 Cr, primarily driven by a sharp recovery in the Global Cables (GCM) division where margins rose from 5.8% to 12.6%. However, standalone Indian operations saw margin compression (13% vs 15% YoY) due to unrecovered raw material and labor cost hikes. The company is aggressively expanding its electronics capacity following a 48% revenue jump in that segment and 25 new project wins with a major Chinese EV OEM.
- Achieved highest-ever quarterly operating revenue of ₹1,070 Cr, up 24% YoY
- Global Cables (GCM) EBITDA margins doubled to 12.6% following successful global restructuring
- Sensors, Electronics, and Displays (SED) division revenue grew 48% with EBITDA up 100%
- Won 25 cable projects with a leading Chinese EV OEM, with 5-6 already launched
- Braking segment showed high growth: CBS revenue up 110% and brake pads/shoes up 80%
Suprajit Engineering has scheduled a comprehensive investor interaction on August 13, 2026, in Mumbai. The management will engage with over 59 institutional entities, including major mutual funds like HDFC AMC, Axis Mutual Fund, and Motilal Oswal, as well as private equity and family offices like ChrysCapital and Premji Invest. This meeting follows a fiscal year (FY26) where the company reported a revenue of ₹3,340 Cr and a PAT of ₹241 Cr. The company has clarified that no unpublished price-sensitive information (UPSI) will be shared during these sessions.
- Management to meet 59+ institutional investors and fund houses in a single day.
- Event scheduled for August 13, 2026, from 9:00 AM to 5:00 PM IST in Mumbai.
- Participants include top-tier AMCs such as ICICI Prudential, HDFC AMC, and Kotak Mahindra AMC.
- Company maintains a healthy ROCE of 21.0% and a low Debt-to-Equity ratio of 0.23.
- The meeting follows a 24.1% price return over the last 12 months.
Suprajit Engineering has released the audio recording of its Q1 FY27 analyst and institutional investor meeting held on August 7, 2026. This follows a fiscal year (FY26) where the company reported a revenue of ‡3,340 crore and a PAT of ‡241 crore. The call is expected to provide updates on the integration of the SCS acquisition and the progress of the Chakan plant expansion. Investors should focus on management's commentary regarding the SCS division's path to EBITDA breakeven, which was previously targeted for Q4 FY26.
- Audio recording of the analyst meeting held on August 7, 2026, has been made publicly available.
- Company reported a TTM revenue of ‡3,340 crore with an operating profit margin of 11.7% as of FY26.
- Management previously guided for a 5-10% outperformance over the global industry growth rate of 1-3%.
- Restructuring in Germany involved headcount reduction with separation costs estimated between EUR 1.1 million and 1.2 million.
- SCS division was previously expected to reach EBITDA breakeven by Q4 FY26.
Suprajit Engineering reported a strong Q1 FY27 with consolidated revenue reaching ₹1,069.6 Cr, a 24% YoY increase, representing ~32% of TTM revenue. Consolidated EBITDA grew significantly by 57.5% to ₹128.7 Cr, with margins expanding to 12% from 9.5% YoY, primarily driven by a turnaround in the Global Cables (GCM) division. While the Sensors & Electronics (SED) division saw 48% revenue growth, domestic margins in the India Cables (ICM) division were pressured by delayed cost pass-throughs. The company is initiating a capacity expansion in the SED division to support new project wins.
- Consolidated revenue hit a record quarterly high of ₹1,069.6 Cr, up 24% YoY from ₹862.9 Cr.
- GCM division EBITDA grew 174.6% to ₹75.8 Cr following the completion of major restructuring in March 2026.
- SED division revenue grew 48% to ₹45 Cr, leading to a planned capacity expansion for digital clusters and electronic products.
- Braking products within the ICM division showed strong momentum, with CBS growing over 110% and brake shoes/pads by over 80%.
- Group debt decreased slightly to ₹775.5 Cr as of June 2026, down from ₹785.0 Cr in March 2026.
Suprajit Engineering reported a strong consolidated performance for Q1 FY27, with revenue reaching a record Rs 1,069.6 Cr, up 24% YoY. Consolidated EBITDA grew 57.5% to Rs 128.7 Cr, with margins expanding to 12% from 9.5% YoY, primarily driven by the Global Cable (GCM) division's turnaround post-restructuring. While the Sensors (SED) division saw a 48% revenue jump, domestic margins (ICM) were pressured by delayed cost pass-throughs of wage and raw material increases. The company is now initiating a capacity expansion for its high-growth SED division.
- Consolidated revenue reached a record Rs 1,069.6 Cr, representing 24% YoY growth.
- GCM division EBITDA surged 174.6% YoY to Rs 75.8 Cr following the completion of restructuring in March 2026.
- SED division revenue grew 48% YoY, leading to the announcement of a new capacity expansion plan.
- Braking products (CBS) within the India Cables division grew by over 110% during the quarter.
- Group debt decreased slightly to Rs 775.5 Cr in June 2026 from Rs 785.0 Cr in March 2026.
Suprajit Engineering reported a strong consolidated performance for Q1 FY27, with revenue reaching a record ₹1,070 Cr, up 24% YoY. Consolidated EBITDA grew 57.5% to ₹128.7 Cr, driven by a significant margin recovery in the Global Cable & Mechatronics (GCM) division following restructuring. However, standalone margins faced pressure, dropping to 12.8% from 15.5% YoY due to delayed cost pass-throughs in domestic divisions. The company is initiating capacity expansion in its high-growth Sensors (SED) division, which saw 48% revenue growth.
- Consolidated revenue reached a record quarterly high of ₹1,070 Cr, a 24% YoY increase.
- GCM division EBITDA surged 174.6% YoY to ₹75.8 Cr with margins improving to 12.6% post-restructuring.
- SED division revenue grew 48% YoY, leading to a new capacity expansion plan for digital clusters and electronic grips.
- Braking products within the ICM division showed strong momentum, with CBS growing over 110% and brake shoes/pads by 80%.
- Total group debt reduced to ₹775.5 Cr in June 2026 from ₹785.0 Cr in March 2026.
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%.
