Synopsis:
SJS Enterprises signed an MoU with BOE Varitronix to develop automotive display screens in India, focusing on technology sharing, localization, and potential future joint ventures within six months.
This Auto Ancillary Stock, engaged in design-to-delivery decorative aesthetics and manufacturing automotive dials, overlays, badges, decals, and chrome-plated parts for global automotive and appliance sectors, jumped 4 percent after signing an MoU with a Hong Kong-based company for Automotive display.
With a market capitalization of Rs. 4,581.62 crores, the share of S J S Enterprises Limited has reached an intraday high of Rs. 1,500 per equity share, rising nearly 4.39 percent from its previous day’s close price of Rs. 1,436.90. Since then, the stock has retreated and is currently trading at Rs. 1,459.70 per equity share.
What is the news?
S.J.S. Enterprises Limited has signed a Memorandum of Understanding (MoU) with BOE Varitronix Limited from Hong Kong. The purpose of this agreement is to work together on making automotive display screens in India, mainly for four-wheelers.
Under this MoU, BOE Varitronix will share its technology with SJS. This will help set up facilities in India for assembly and optical bonding of display screens, along with the localization of important parts such as cover glass and backlight units. If the study and approvals go well, the partnership may move forward as a technical agreement or even a joint venture. The MoU is valid for six months, with mutual exclusivity between both companies.
Revenue Segment
SJS Enterprises Limited generates 58.1 percent of its revenue from its main SJS business, 25.3 percent from SJS Decoplast, and 16.6 percent from WPI. Geographically, the company is highly domestic-focused, with 93.3 percent of revenue from India and only 6.7 percent from exports, highlighting its strong local market presence.
Client Base
SJS Enterprises Limited serves leading global and Indian brands such as Mahindra, Hero, Honda, Tata Motors, Samsung, Royal Enfield, TVS, Yamaha, Whirlpool, Triumph, FCA, Yazaki, Autoliv, and Ather, reflecting its strong partnerships across automotive and consumer industries.
Company Overview
S J S Enterprises Limited was established in 1987 and is headquartered in Bangalore, Karnataka. The company is a leading Indian company in the decorative aesthetics industry, specializing in design-to-delivery solutions for the automotive and consumer appliance sectors.
SJS Enterprises Limited has four factories in places like Bangalore, Pune, and Manesar, with one more coming up in Hosur. The company serves over 220 customers across 22 countries, supplying more than 197 million parts and over 12,200 different items each year.
Recent quarter results
Coming into financial highlights, S J S Enterprises Limited’s revenue has increased from Rs. 189 crore in Q1 FY25 to Rs. 210 crore in Q1 FY26, which has grown by 11.11 percent. The net profit has also grown by 25 percent from Rs. 28 crore in Q1 FY25 to Rs. 35 crore in Q1 FY26. S J S Enterprises Limited’s revenue and net profit have grown at a CAGR of 27.12 percent and 29.34 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 22.8 percent and 18.9 percent, respectively. S J S Enterprises Limited has an earnings per share (EPS) of Rs. 37.61, and its debt-to-equity ratio is 0.05x.
Written By – Nikhil Naik
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