Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.20 | 5.67 | 5.39 | 3.80 | 4.35 | 3.52 | 2.30 | 2.27 | 2.41 | 3.58 | 6.08 | 5.33 |
| Expenses | 4.66 | 5.09 | 5.06 | 3.22 | 3.75 | 3.11 | 2.03 | 1.89 | 1.99 | 3.16 | 5.38 | 4.66 |
| Operating Profit | 0.54 | 0.58 | 0.33 | 0.58 | 0.60 | 0.41 | 0.27 | 0.38 | 0.42 | 0.42 | 0.70 | 0.67 |
| OPM % | 10.38% | 10.23% | 6.12% | 15.26% | 13.79% | 11.65% | 11.74% | 16.74% | 17.43% | 11.73% | 11.51% | 12.57% |
| Other Income | 0.15 | 0.17 | 0.41 | 0.21 | 0.27 | 0.30 | 0.30 | 0.25 | 0.28 | 0.28 | 0.31 | 0.32 |
| Interest | 0.02 | 0.01 | 0.05 | 0.03 | 0.03 | 0.02 | 0.05 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 |
| Depreciation | 0.25 | 0.25 | 0.40 | 0.46 | 0.52 | 0.54 | 0.56 | 0.49 | 0.53 | 0.48 | 0.70 | 0.59 |
| Profit before tax | 0.42 | 0.49 | 0.29 | 0.30 | 0.32 | 0.15 | -0.04 | 0.12 | 0.14 | 0.20 | 0.28 | 0.37 |
| Tax % | 0.00% | 0.00% | 120.69% | 0.00% | 0.00% | 0.00% | 775.00% | 0.00% | 0.00% | 0.00% | 25.00% | 0.00% |
| Net Profit | 0.42 | 0.49 | -0.06 | 0.30 | 0.32 | 0.15 | -0.35 | 0.12 | 0.14 | 0.21 | 0.20 | 0.37 |
| EPS in Rs | 0.88 | 1.03 | -0.13 | 0.63 | 0.67 | 0.31 | -0.73 | 0.25 | 0.29 | 0.44 | 0.42 | 0.78 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.95 | 5.06 | 6.81 | 9.81 | 6.78 | 6.28 | 10.67 | 11.59 | 20.02 | 13.97 | 14.35 | 17.40 |
| Expenses | 2.75 | 3.88 | 5.60 | 8.33 | 5.50 | 4.88 | 8.68 | 9.64 | 18.06 | 12.11 | 12.42 | 15.19 |
| Operating Profit | 0.20 | 1.18 | 1.21 | 1.48 | 1.28 | 1.40 | 1.99 | 1.95 | 1.96 | 1.86 | 1.93 | 2.21 |
| OPM % | 6.78% | 23.32% | 17.77% | 15.09% | 18.88% | 22.29% | 18.65% | 16.82% | 9.79% | 13.31% | 13.45% | 12.70% |
| Other Income | 0.67 | 0.24 | 0.27 | 0.32 | 0.31 | 0.34 | 0.50 | 0.33 | 0.81 | 1.08 | 1.12 | 1.19 |
| Interest | 0.02 | 0.04 | 0.07 | 0.12 | 0.07 | 0.06 | 0.08 | 0.13 | 0.10 | 0.13 | 0.11 | 0.11 |
| Depreciation | 0.76 | 1.12 | 1.21 | 1.41 | 1.27 | 1.07 | 1.26 | 1.25 | 1.15 | 2.08 | 2.20 | 2.30 |
| Profit before tax | 0.09 | 0.26 | 0.20 | 0.27 | 0.25 | 0.61 | 1.15 | 0.90 | 1.52 | 0.73 | 0.74 | 0.99 |
| Tax % | -88.89% | -19.23% | 20.00% | -22.22% | -16.00% | 26.23% | 1.74% | 31.11% | 23.03% | 42.47% | 9.46% | |
| Net Profit | 0.18 | 0.30 | 0.16 | 0.33 | 0.29 | 0.45 | 1.13 | 0.62 | 1.17 | 0.42 | 0.67 | 0.92 |
| EPS in Rs | 0.38 | 0.63 | 0.34 | 0.69 | 0.61 | 0.94 | 2.37 | 1.30 | 2.46 | 0.88 | 1.41 | 1.93 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | 18% | 7% | 40% | ||
| Compounded Profit Growth | 15% | 10% | 3% | 283% | ||
| Stock Price CAGR | 54% | 79% | 93% | 292% | ||
| Return on Equity | 4% | 5% | 4% | 4% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 |
| Reserves | 7.43 | 7.60 | 7.91 | 8.07 | 8.40 | 8.71 | 9.24 | 10.35 | 10.98 | 12.12 | 12.54 | 13.22 |
| Borrowings | 0.14 | 0.94 | 0.62 | 1.11 | 0.83 | 0.88 | 1.81 | 5.29 | 6.96 | 15.91 | 18.22 | 25.89 |
| Other Liabilities | 0.57 | 0.81 | 0.66 | 2.13 | 1.41 | 0.91 | 1.28 | 1.14 | 1.81 | 1.88 | 1.06 | 1.00 |
| Total Liabilities | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 34.67 | 36.58 | 44.87 |
| Fixed Assets | 3.13 | 3.20 | 5.21 | 6.96 | 6.16 | 5.14 | 4.92 | 5.86 | 8.22 | 12.25 | 13.10 | 14.45 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 |
| Investments | 0.05 | 0.04 | 0.19 | 0.18 | 0.01 | 0.02 | 0.26 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
| Other Assets | 9.72 | 10.87 | 8.55 | 8.93 | 9.23 | 10.10 | 11.91 | 15.66 | 16.27 | 22.33 | 23.46 | 30.41 |
| Total Assets | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 34.67 | 36.58 | 44.87 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.02 | -0.72 | 3.83 | 4.77 | 1.35 | 0.68 | 1.13 | 0.11 | 0.65 | 3.12 | 0.35 | -3.49 |
| Cash from Investing Activity | -0.40 | -1.38 | -3.29 | -4.35 | 0.05 | -0.81 | -0.92 | -2.57 | -3.69 | -9.80 | -7.46 | -3.97 |
| Cash from Financing Activity | 0.20 | 1.37 | -0.13 | 0.63 | -0.12 | 0.27 | 1.13 | 3.64 | 1.85 | 9.55 | 3.22 | 8.67 |
| Net Cash Flow | 0.82 | -0.74 | 0.41 | 1.05 | 1.28 | 0.15 | 1.33 | 1.17 | -1.18 | 2.87 | -3.89 | 1.21 |
| Free Cash Flow | 0.44 | -1.54 | 0.70 | 1.75 | 0.74 | 0.43 | 0.27 | -1.95 | -2.95 | -2.17 | -2.50 | -7.05 |
| CFO/OP | -37% | -330% | 327% | 396% | 95% | 57% | 82% | 8% | 35% | 177% | 32% | -167% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 232.27 | 164.56 | 125.51 | 98.62 | 95.25 | 143.74 | 166.23 | 152.57 | 104.87 | 27.53 | 37.36 | 57.74 |
| Inventory Days | 550.49 | 1,951.63 | 188.67 | 56.22 | 53.38 | |||||||
| Days Payable | 65.82 | 253.27 | 231.82 | 92.88 | 80.70 | |||||||
| Cash Conversion Cycle | 716.94 | 164.56 | 1,823.88 | 55.46 | 58.59 | 116.43 | 166.23 | 152.57 | 104.87 | 27.53 | 37.36 | 57.74 |
| Working Capital Days | 1,322.30 | 944.05 | 378.71 | 121.13 | 88.55 | 161.50 | 91.25 | 1.37 | -105.19 | -189.98 | -354.29 | -407.73 |
| ROCE % | -23.43% | 0.70% | 2.26% | 2.35% | 2.72% | 2.26% | 4.24% | 5.41% | 4.73% | 5.44% | 2.52% | 2.14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.37% | 67.91% | 71.16% | 74.86% | 74.74% | 74.67% | 74.67% | 74.67% | 74.67% | 74.67% | 74.49% | 74.49% |
| DIIs | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 0.00% |
| Public | 27.00% | 27.47% | 24.22% | 20.51% | 20.63% | 20.71% | 20.70% | 20.71% | 20.70% | 20.70% | 20.89% | 25.52% |
| No. of Shareholders | 654 | 666 | 708 | 717 | 739 | 744 | 737 | 754 | 725 | 718 | 724 | 720 |
Fundamentals
Market Cap₹ 3,955 Cr.
Current Price₹ 8,300
Stock P/E4,299
Book Value₹ 37.7
ROCE2.14 %
ROE3.80 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)40%
Compounded Profit Growth (TTM)283%
Standalone figures.
Valuation
Market capRs 3,883 Cr
Enterprise valueRs 3,891 Cr
P/E (TTM)4220.47x
Price to book215.95x
Price to sales223.15x
EV / EBITDA1144.39x
EV / EBIT3537.21x
EV / sales223.62x
Earnings yield0.02%
P/E, 3-year average1480.10x
P/B, 3-year average53.50x
P/E, 5-year average1063.81x
P/B, 5-year average40.44x
Profitability
Operating margin (excl. other income)13.45%
Operating margin (incl. other income)21.25%
EBITDA margin19.54%
Pre-tax margin5.69%
Net profit margin5.29%
Net margin, latest quarter6.94%
ROE3.80%
ROCE2.14%
ROA1.65%
ROE, 3-year average4.48%
ROCE, 3-year average3.50%
ROA, 3-year average2.26%
ROE, 5-year average5.04%
ROCE, 5-year average4.41%
ROA, 5-year average3.06%
ROIC (approx.)3.82%
Tax rate9.46%
Other income / net worth6.23%
Growth
Sales growth (latest year)2.72%
Profit growth (latest year)59.52%
Sales CAGR, 3 years7.38%
Sales CAGR, 5 years17.97%
Profit CAGR, 3 years2.62%
Profit CAGR, 5 years8.29%
Sales growth QoQ-12.34%
Profit growth QoQ85.00%
Sales growth YoY (latest quarter)134.80%
Profit growth YoY (latest quarter)208.33%
Per share
EPS (TTM)Rs 1.93
EPS (latest year)Rs 1.41
EPS (latest quarter)Rs 0.78
EPS, 3-year averageRs 1.58
EPS, 5-year averageRs 1.68
Book value per shareRs 37.74
Sales per shareRs 36.52
Cash flow per shareRs -7.32
Free cash flow per shareRs -14.80
Efficiency
Asset turnover0.32x
Fixed asset turnover0.99x
Inventory turnover2.91x
Inventory days125 days
Debtor days58 days
Debtors turnover6.32x
Creditor days81 days
Cash conversion cycle58 days
Working capital days-408 days
Leverage
Total debtRs 26 Cr
Cash and bankRs 18 Cr
Net debtRs 8 Cr
Debt to equity1.44x
Net debt / EBITDA2.38x
Interest coverage10.00x
Owners' fund to total sources40.07%
Debt to assets57.70%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years0.18x
Statement figures
Net sales (TTM)Rs 17 Cr
Net sales (latest year)Rs 14 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 12 Cr
Total income (latest year)Rs 15 Cr
Share capitalRs 5 Cr
ReservesRs 13 Cr
Shareholders' fundsRs 18 Cr
Total assetsRs 45 Cr
Net blockRs 14 Cr
InvestmentsRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 4 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.48
Ownership
Promoter holding74.49% (-0.18 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 538992 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.9% | -2.8% | +7.7 pts |
| 1 month | +105.1% | -6.8% | +111.9 pts |
| 3 months | +209.7% | -7.6% | +217.3 pts |
| 3 years | +603.1% | +14.2% | +589.0 pts |
| 5 years | +1710.9% | +27.9% | +1683.0 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -1% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 59% vs sales +3% in 2026 |
| look | Inventory outrunning sales Inventory grew 115% vs sales +3% in 2026 |
| look | Profit leans on other income Other income was 151% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹5 Cr +134.8% vs Jun 2025.
Net profit ₹0 Cr +208.3%.
Activity
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| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sar Auto Products Ltd?
Sar Auto Products Ltd (538992) has a market capitalisation of Rs 3,955 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sar Auto Products Ltd?
Sar Auto Products Ltd trades at a P/E of 4,299 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sar Auto Products Ltd's latest quarterly results?
In the Jun 2026 quarter, Sar Auto Products Ltd sales was Rs 5 Cr (+134.8% vs Jun 2025) and net profit was Rs 0 Cr.