Suprajit Engineering Ltd
NSE:SUPRAJIT
Suprajit Engineering Ltd
Suprajit Engineering Ltd. engages in the manufacture and sale of automotive and other components. The company is headquartered in Bangalore, Karnataka. The firm provides control cables, speedo cables, auto lamps and other components for automobiles and caters to both domestic and international markets. The firm produces a range of mechanical control cables for motorcycles, cars, commercial vehicles and various non-automotive cables. The firm offers aftermarket products, control cable systems, push-pull assemblies, tech center, user interface solutions, vehicle lighting solutions, light-emitting diode (LED) lamps, halogen bulb and motion translation solutions. The Company’s subsidiaries include Suprajit Automotive Private Limited; Suprajit Europe Limited, Suprajit USA Inc.; Trifa Lamps Germany, GmbH and Luxlite Lamps SARL, Luxembourg.
Suprajit Engineering Ltd. engages in the manufacture and sale of automotive and other components. The company is headquartered in Bangalore, Karnataka. The firm provides control cables, speedo cables, auto lamps and other components for automobiles and caters to both domestic and international markets. The firm produces a range of mechanical control cables for motorcycles, cars, commercial vehicles and various non-automotive cables. The firm offers aftermarket products, control cable systems, push-pull assemblies, tech center, user interface solutions, vehicle lighting solutions, light-emitting diode (LED) lamps, halogen bulb and motion translation solutions. The Company’s subsidiaries include Suprajit Automotive Private Limited; Suprajit Europe Limited, Suprajit USA Inc.; Trifa Lamps Germany, GmbH and Luxlite Lamps SARL, Luxembourg.
Revenue Growth: Suprajit reported solid revenue growth across divisions, with consolidated revenue (excluding SCS) up 8% YoY for the 9 months ending December 2025.
Profitability: Operational EBITDA (excluding SCS) grew 11% YoY and EBITDA margins in several divisions remained strong, but were impacted by restructuring and one-off costs.
SCS Turnaround: The SCS acquisition restructuring is nearly complete, and management confirmed the business is on track to achieve positive EBITDA by the end of the financial year.
Dividends: The Board declared an interim dividend of INR 1.5 per share (150%), up from 125% last year, reflecting confidence in the turnaround.
Tariff & Industry Tailwinds: Recent trade agreements and tariff clarity are seen as positives for future growth, though some cash flow delays from tariffs have temporarily strained working capital.
Growth Drivers: Electronics division posted robust growth (+20%) and strong margin improvement; new business wins and a healthy RFQ pipeline were highlighted across multiple divisions.
One-Off Costs: Significant one-time restructuring charges, notably INR 18 crores (~$2 million) in Q3 in the Controls division, weighed on margins but are expected to subside after Q4.
Outlook: Management expects restructuring costs to taper off, margin normalization, and continued growth, especially as new product launches and global expansion take hold.
