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SAL Automotive Ltd Fundamentals

Market Cap
₹ 117.09 Cr
P/E Ratio (TTM)
16.92
P/B Ratio
3.14
Debt to Equity
1.02
ROE
14.40
EPS (TTM)
28.86
Dividend Yield
0.82 %
Book Value
155.39

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SAL Automotive Ltd Financials

SAL Automotive Ltd Financials

SAL Automotive Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 75.00 % 75.00 % 75.00 % 75.00 %
Retail 16.94 % 16.74 % 17.81 % 17.65 %
Others 8.06 % 8.26 % 2.75 % 2.91 %
Mutual Funds 0.00 % 0.00 % 4.44 % 4.44 %
FII 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

75.00%

Retail

16.94%

Others

8.06%

Mutual Funds

0.00%

FII

0.00%

Promoters

75.00%

Retail

16.74%

Others

8.26%

Mutual Funds

0.00%

FII

0.00%

Promoters

75.00%

Retail

17.81%

Others

2.75%

Mutual Funds

4.44%

FII

0.00%

Promoters

75.00%

Retail

17.65%

Others

2.91%

Mutual Funds

4.44%

FII

0.00%

Resistance and Support

₹491.17

PIVOT

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Resistance
First Resistance₹502.183
Second Resistance₹516.017
Third Resistance₹527.033
support-arrow
Support
First Support₹477.333
Second Support₹466.317
Third Support₹452.483

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,9671,23062.53
Week5776600.00
1 Month5774670.00
6 Months238,760182,38781.17

About SAL Automotive Ltd

Swaraj Automotives Limited (SAL) (formerly known Swaraj Automotives Limited) was incorporated as Public Limited Company on 20th November 1974. The Company is an emerging global manufacturer of automotive components, seats and agricultural implements and also a leading and preferred supplier to the Indian automotive industry. The Company was inaugurated by the Hon'ble President of India as 'Punjab Scooters Limited' and started manufacturing scooter named as 'Vijay Kesari'. The Company diversified into manufacturing of seats in 1986 and seat mechanism in 1994 in technological tie-up with Fuji Kiko of Japan. The company is engaged in manufacturing business of Automobile Components, which includes Tractor seats, LCV (Light Commercial Vehicles) seats, seat mechanisms for passenger cars & commercial vehicles and seat frames for commercial vehicles and agriculture Implements, which include Rotavators, Tractor trailers and Planter etc. The Company has manufacturing plant at Nabha located in the State of Punjab and second plant at Dharwad located in the State of Karnataka. The product line of the Company includes seats, seat adjusters/ sliders, seat recliners, and agri implements namely Rotavators & Tractor Trolleys. During the year 2016, Mahindra & Mahindra Ltd, one of the promoters of the Company (the Seller) entered into a Share Purchase Agreement on 16th October 2015 with b4S Solutions Private Ltd (the Acquirer) for sale of their entire equity stake of 71.19% held in the Company at Rs. 145.50 per share. The acquirer subsequently acquired the entire equity stake of 2.99% of other promoter, Punjab State Industrial Development Corporation (PSIDC), held in the Company, at the same rate. Thereafter, pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the acquirer had also made an open offer to the shareholders of the Company for acquiring another 25.82% equity shares of the Company. The entire process was successfully completed on 1st February 2016, taking b4S Solutions Private Limited' s equity holding in the Company to 88.28% and they became promoter of the Company. During the year 2017, B4S Solutions Private Ltd (b4S or the promoter) acquired the entire equity stake of 71.19% held by Mahindra & Mahindra Ltd (M&M), one of the then promoters of the Company (the Seller), by entering into Share Purchase Agreement with M&M on 16th October 2015. b4S subsequently also acquired the entire equity stake of 2.99% held by the then other promoter, Punjab State Industrial Development Corporation (PSIDC). Thereafter, pursuant to SEBI (SAST) Regulations, 2011, b4S made an open offer to the shareholders of the Company. The entire process completed on 1st February 2016 and b4S's total equity holding in the Company stood at 88.28%. To comply with requirements applicable regulations to restore public shareholding in the Company to a minimum of 25%, the promoter divested 158,359 equity shares to the public via three offers for sale during the period December 2016 and January 2017, which has brought down the promoter's shareholding in the Company to 81.68% as on March 31, 2017. The promoter proposes to meet its obligation to divest the remaining 6.68% of its shareholding in near future. During the year under review, the Company set up new seat frames using robots of manufacturing facilities at Dharwad, Karnataka to serve its customers in the West and South Region. The plant started its operations on 24th January 2018. During the year 2018, b4S solutions Private Ltd (b4S or the promoter) acquired the entire equity stake of 71.19% held by Mahindra & Mahindra Ltd (M&M), one of the then promoters of the Company (the Seller), by entering into Share Purchase Agreement with M&M on 16th October 2015. b4S subsequently also acquired the entire equity stake of 2.99% held by the then other promoter, Punjab State Industrial Development Corporation (PSIDC). Thereafter, pursuant to SEBI (SAST) Regulations, 2011, b4S made an open offer to the shareholders of the Company. The entire process completed on 1st February 2016 and b4S's total equity holding in the Company stood at 88.28%. To comply with requirements applicable regulations to restore public shareholding in the Company to a minimum of 25%, the promoter divested 3,18,445 equity shares to the public via seven offers for sale during the period December 2016 to November 2017, which has brought down the promoter's shareholding in the Company to 75% as on March 31, 2018. Meanwhile on July 19, 2017, SEBI passed an interim order to prohibit Company, Directors, and Promoter from buying, selling, or otherwise dealing in securities of the Company, either directly or indirectly, due to non-compliant to Minimum public shareholding (MPS) requirement. After dilution of shareholding to 75% via OFS as mentioned above, the company achieved Minimum Public Shareholding as on 23rd November 2017. On February 14, 2018, SEBI passed a final order stating that there is no violation on part of Company/ Promoter considering enough to warrant any other enforcement action against the Company or its Directors. Further, SEBI found this matter to be disposed of without any further enforcement action. During the financial year 2021, to manufacture seat and seat frame for commercial and passenger vehicle an additional facility is under commissioning at Rudrapur in the State of Uttrakhand. Out of the initial setup cost of Rs.15.37 lakhs incurred till 31 March 2021, Rs. 7 lakhs being capex has been accounted for CWIP and rest amount of Rs. 8.37 lakhs of revenue has been charged to profit & loss account.

Managing Director

1974

Founded

Rama Kant Sharma

NSE Symbol

NA

SAL Automotive Ltd Management

NameDesignation
Rajiv Sharma.Chairman & Independent Directo
Rama Kant SharmaExecutive Director & MD
Kailash Nath AgarwalIndependent Non Exe. Director
Jamil AhmadNon-Exec & Non-Independent Dir
Namrata JainExecutive Director (Finance)

Events

Dividend Announcement for SAL Automotive Ltd - May 26, 2023

On May 26, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 40.0%. This dividend percentage reflec...

Read More

SAL Automotive Ltd News

SAL Automotive standalone net profit rises 12.50% in the December 2023 quarter
Sales rise 6.85% to Rs 81.53 crore
SAL Automotives to announce Quarterly Result
On 13 February 2024
SAL Automotive standalone net profit rises 93.51% in the September 2023 quarter
Sales rise 6.67% to Rs 80.27 crore
SAL Automotives to discuss results
On 30 October 2023
SAL Automotives AGM scheduled
On 12 September 2023
SAL Automotive fixes record date for dividend
Record date is 05 September 2023
SAL Automotive standalone net profit rises 368.42% in the June 2023 quarter
Sales rise 41.28% to Rs 84.94 crore
SAL Automotives to announce Quarterly Result
On 10 August 2023
Board of SAL Automotives recommends final dividend
Of Rs 4 per share
SAL Automotive reports standalone net profit of Rs 2.75 crore in the March 2023 quarter
Sales rise 144.03% to Rs 92.12 crore

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SAL Automotive Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase SAL Automotive Ltd shares in BlinkX

SAL Automotive Ltd's P/E ratio is 16.92 times as of May 23, 2024 at 04:00 PM.

SAL Automotive Ltd's most recent financial reports indicate a price-to-book ratio of 3.14, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. SAL Automotive Ltd's market is 117 Cr as on May 23, 2024 at 04:00 PM.

The current financial records of SAL Automotive Ltd show a 14.40% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to SAL Automotive Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in SAL Automotive Ltd stands at 75.00%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.