MarketFriction

SAL Automotive Ltd

BSE 539353 · Auto Components & Equipments
₹191.05 -0.55%
BSE close2026-10-01
Market cap₹91.1 Cr.
P/E15.7

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales80.2781.5360.78100.2294.4195.0288.11100.03107.8487.7888.79115.86
Expenses76.9678.8957.8496.6390.9291.4386.0497.55104.1184.9886.85111.36
Operating Profit3.312.642.943.593.493.592.072.483.732.801.944.50
OPM %4.12%3.24%4.84%3.58%3.70%3.78%2.35%2.48%3.46%3.19%2.18%3.88%
Other Income0.530.27-0.030.140.160.191.240.170.21-0.391.740.24
Interest0.760.580.690.590.520.470.740.440.370.531.140.70
Depreciation1.061.190.991.041.081.051.111.071.061.101.081.22
Profit before tax2.021.141.232.102.052.261.461.142.510.781.462.82
Tax %26.24%21.05%24.39%29.52%23.41%38.05%35.62%24.56%25.90%21.79%36.30%27.30%
Net Profit1.490.900.931.481.571.400.940.861.860.610.932.05
EPS in Rs3.101.881.943.083.272.921.961.793.881.271.944.27
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales96931141318595151304308378384400
Expenses93901091258693152293295365374387
Operating Profit3356-12-11013131113
OPM %3.2%3.5%4.5%4.4%-0.7%1.6%-0.8%3.4%4.2%3.4%2.9%3.2%
Other Income111141221222
Interest000001133223
Depreciation111112234444
Profit before tax335521-367868
Tax %34%32%31%28%32%1%-22%24%25%32%28%
Net Profit223311-255545
EPS in Rs4.234.797.107.232.601.75-4.859.7910.6211.258.8811.36
Dividend Payout %41%42%32%31%67%100%0%20%21%11%23%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%32%8%6%
Compounded Profit Growth9%41%0%22%
Stock Price CAGR%12%-1%-20%
Return on Equity8%9%12%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222225
Reserves232426293131312833364141
Borrowings000455102839272439
Other Liabilities262324342826354756465766
Total Liabilities51495369666578105130112123151
Fixed Assets99101314991333343641
CWIP1100001101001
Investments000000000000
Other Assets4139425652566882967887109
Total Assets51495369666578105130112123151
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity14-0-13-7-1-9171110-4
Cash from Investing Activity-1-0-1-3-17-0-14-10-3-6-4
Cash from Financing Activity-1-1-13-0-22166-16-77
Net Cash Flow-03-2-11-10-713-8-3-2
Free Cash Flow-03-2-41-0-3-24573-9
CFO/OP64%173%22%17%73%1,025%-108%755%158%94%91%-20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7862769973901088444444354
Inventory Days313031282644454636332833
Days Payable104891011228212514912575626172
Cash Conversion Cycle5364179466151015
Working Capital Days36253526211611-36-13-425
ROCE %14%12%12%16%14%-2%3%-4%13%14%15%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
DIIs4.44%4.44%4.44%4.44%4.44%4.44%4.44%4.44%4.44%4.44%4.44%4.44%
Public20.56%20.56%20.56%20.57%20.57%20.55%20.56%20.55%20.56%20.57%20.56%20.56%
No. of Shareholders1,6851,9241,9391,9202,1132,1282,1982,6622,6622,6112,5512,501

Fundamentals

Market Cap₹ 91.1 Cr.
Current Price₹ 190
Stock P/E15.7
Book Value₹ 96.2
ROCE11.8 %
ROE10.5 %
Dividend Yield1.06 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)22%
Standalone figures.
Valuation
Market capRs 92 Cr
Enterprise valueRs 130 Cr
P/E (TTM)16.81x
Price to book1.99x
Price to sales0.23x
EV / EBITDA8.81x
EV / EBIT12.61x
EV / sales0.32x
Earnings yield5.95%
Dividend yield1.05%
P/E, 3-year average14.54x
P/B, 3-year average1.64x
P/E, 5-year average12.48x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)2.85%
Operating margin (incl. other income)3.30%
EBITDA margin3.69%
Pre-tax margin1.89%
Net profit margin1.36%
Net margin, latest quarter1.77%
ROE9.56%
ROCE11.06%
ROA3.11%
ROE, 3-year average12.19%
ROCE, 3-year average13.42%
ROA, 3-year average3.97%
ROE, 5-year average8.74%
ROCE, 5-year average10.00%
ROA, 5-year average2.67%
ROIC (approx.)8.82%
Tax rate27.67%
Other income / net worth3.77%
Growth
Sales growth (latest year)1.77%
Profit growth (latest year)-21.11%
Sales CAGR, 3 years8.16%
Sales CAGR, 5 years32.38%
Profit CAGR, 3 years-3.22%
Profit CAGR, 5 years38.36%
Sales growth QoQ30.49%
Profit growth QoQ120.43%
Sales growth YoY (latest quarter)15.83%
Profit growth YoY (latest quarter)138.37%
Per share
EPS (TTM)Rs 11.37
EPS (latest year)Rs 8.88
EPS (latest quarter)Rs 4.27
EPS, 3-year averageRs 17.56
EPS, 5-year averageRs 12.51
Book value per shareRs 96.17
Sales per shareRs 834.69
Cash flow per shareRs -8.88
Free cash flow per shareRs -18.77
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.25
Dividends
Dividend payout22.54%
Dividend payout, 3-year average18.27%
Dividend payout, 5-year average18.81%
Efficiency
Asset turnover2.55x
Fixed asset turnover9.45x
Inventory turnover11.46x
Inventory days32 days
Debtor days54 days
Debtors turnover6.75x
Creditor days72 days
Cash conversion cycle15 days
Working capital days5 days
Leverage
Total debtRs 39 Cr
Cash and bankRs 0 Cr
Net debtRs 38 Cr
Debt to equity0.84x
Net debt / EBITDA2.60x
Interest coverage3.76x
Owners' fund to total sources30.58%
Debt to assets25.55%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years1.47x
Statement figures
Net sales (TTM)Rs 400 Cr
Net sales (latest year)Rs 384 Cr
Sales (latest quarter)Rs 116 Cr
Operating profit excl. other income (latest year)Rs 11 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 15 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 313 Cr
Total expenditure (latest year)Rs 374 Cr
Total income (latest year)Rs 386 Cr
Share capitalRs 5 Cr
ReservesRs 41 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 151 Cr
Net blockRs 41 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 57 Cr
InventoryRs 27 Cr
Other liabilitiesRs 66 Cr
Shares outstanding (crore)0.48
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.8 is at the 26th percentile of its own 8.4-year range (median 23.3, low 5.5, high 65.7).
P/B 1.99 is at the 57th percentile (median 1.84).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period539353Nifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-1.1%-6.8% +5.7 pts
3 months+4.9%-7.6% +12.6 pts
3 years-4.8%+14.2% -19.0 pts
5 years+82.6%+27.9% +54.8 pts

Red flags

F-score 2 of 8
explainReceivables outrunning sales Receivables grew 29% vs sales +2% in 2026
explainDebt up, profit down Borrowings up 63% while net profit fell 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 2026
Sales ₹116 Cr +15.8% vs Jun 2025. Net profit ₹2 Cr +138.4%.

Activity

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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 SAL Automotive Ltd?

SAL Automotive Ltd (539353) has a market capitalisation of Rs 91.1 Cr. at the 2026-10-01 close.

What is the P/E ratio of SAL Automotive Ltd?

SAL Automotive Ltd trades at a P/E of 15.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were SAL Automotive Ltd's latest quarterly results?

In the Jun 2026 quarter, SAL Automotive Ltd sales was Rs 116 Cr (+15.8% vs Jun 2025) and net profit was Rs 2 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03