The company is one of the largest manufacturers of mechanical control cables with a presence in both automotive and nonautomotive segments, primarily engaged in the manufacture of speedo cables, auto lighting, and other components for automobiles.
Suprajit Engineering Ltd. primarily manufactures mechanical control cables for automotive and non-automotive sectors, speedometers for 2Ws, and halogen lamps for 2Ws, 3Ws, passenger cars, commercial vehicles, and off-road applications.
Suprajit Engineering Ltd. (SEL) is the leading producer of mechanical cables for the domestic 2-wheeler category, with a market share of over 65%. And 30-35% of passenger vehicles in the automotive cables market, and it has a wallet share of more than 75% with most of its key customers.
The company’s product categories include braking systems, control cables, display clusters, telematics, friction products, gearboxes, gear shifter systems, lighting systems, linear actuation, and throttle control.
The company belongs to the small-cap category with a market capitalization of ₹ 5,958 crores. On March 7, company shares were trading at ₹ 430 apiece.
The company witnessed a 4.6 percent year-over-year increase in revenue, climbing from ₹692 crore in Q3 FY23 to ₹724 crore in Q3 FY24. Concurrently, the net profit of the company rose by 5.2 percent, advancing from ₹38 crore to ₹40 crore during the same period.
Shares of Suprajit Engineering Ltd. have seen a 5 percent gain on a year-to-date basis and a 12 percent increase in the last 12 months.
The company boasts notable clients, including BMW, Mahindra Group, Hero Motocorp, TVS, Bajaj, Honda, and various other automotive customers.
Suprajit Engineering holds the position of the largest manufacturer of automotive cables in India based on sales, boasting a manufacturing capacity of approximately 400 million cables annually. Additionally, the company produces halogen lamps with a manufacturing capacity of around 110 million per year.
Operating on a global scale, Suprajit Engineering has 22 manufacturing facilities worldwide, including a technology centre in the UK. The company’s facilities cater to both automotive and non-automotive businesses.
The Suprajit Group is a global leader in the automotive cable and halogen bulb industry. With a competitive manufacturing base in India, the UK, the US, Mexico and China.
The group consists of Suprajit Engineering Limited (including Phoenix Lamps), Suprajit Automotive Limited, Suprajit Europe Limited, Wescon Controls LLC, Suprajit Mexico, Suprajit Hungary, and Suprajit Inc. USA.
Suprajit Group intends to divide its business into four main divisions: Suprajit Control Division, Domestic Cable Division, Phoenix Lamps Division, and Electronic Division.
Written by Omkar Chitnis
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