Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

S J S Enterprises Ltd

SJS
Auto Ancillaries - Diversified

S J S Enterprises Ltd's price has outrun its earnings. +68.1% in a year against EPS +41.9% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +68.1% in a year while annual EPS moved +41.9% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (68 weeks in) while the P/E sits at the 93rd percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +111.4% year on year, and 132% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Consistent
fundamental trajectory, 12 quarters
Price
₹2,354
+68.1% 1Y
P/E
39.8×
93rd pctile
of its own 4-year range
Revenue (Jun 26)
₹261 Cr
+24.3% YoY
Profit (Jun 26)
₹74.0 Cr
+111.4% YoY
Operating margin
29.0%
+2.0 pp YoY
ROCE
29%
FY26
ROIC
27.2%
vs WACC 12.0% → +15.2 pp
Cash conversion
132%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

S J S Enterprises Ltd trades at ₹2,354, in a confirmed uptrend and 68 weeks into that stage. That is +18.4% against its own 200-day average. It sits at 82% of a 52-week range of ₹1,552 to ₹2,533. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks.

Today the stock is in a confirmed uptrend — week 68 of stage 2, confirmed. At ₹2,354 it trades +18.4% versus its 200-day average and sits at 82% of its 52-week range (₹1,552–₹2,533).

Sep 26: ₹2,354 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+18.4% versus the 200-day line, week 68 of stage 2
Price50-day avg200-day avg
S2S4S2₹2,693₹2,112₹1,532₹952₹372₹2,354₹1,989Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S2₹2,693₹2,112₹1,532₹952₹372₹2,354₹1,989Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2021 Each cell is one week from 2021 to now (258 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Nov 21Sep 26

Against the market, two honest reads. Cumulative: over the last 4.8 years the stock moved +401% while the NIFTY 500 moved +52% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 29 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Story check

Story check

S J S Enterprises Ltd's story is not scored yet against the markers our research file set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Peak Multiple at Peak Margins — Compression Risk Our fortnightly research layers last read it on 19 July 2026.

NOT YET CHECKED

Our read, 14 June 2026. An aesthetic-components compounder mid-pivot to high-value electronics — thesis is intact but price is fully ahead of proof.

What is proven. An aesthetic-components compounder mid-pivot to high-value electronics — thesis is intact but price is fully ahead of proof.

What is not proven yet. Peak Multiple at Peak Margins — Compression Risk

Layer 1 read, 19 July 2026 — KEEP. Excellent auto-premiumization compounder, but PE at its all-time-high (97th pct) leaves near-zero entry asymmetry — the story is priced ahead of the electronics pivot. The business is unimpeachable — EPS ₹5.80→₹15.15 over 12 quarters, OPM 24%→29%, ROCE 29% at band top and OCF/PAT 1.32 — but that is exactly why the market has fully paid for it: PE is at the 94th percentile, the multiple is still expanding, and MoS is only +4.9%. The next-leg fuel (WalterPak/BOE electronics lifting kit value to ₹13-14k) only prints revenue from FY27-FY28, so cycle-normalized PE already exceeds trailing PE — a premium paid in advance.

What would change Layer 1’s mind. A meaningful multiple compression (PE back toward its ~29x median while EPS keeps compounding) OR the BOE/WalterPak electronics facilities actually shipping revenue on schedule in FY27 would restore entry asymmetry and lift this to P1; conversely a timeline slip on the electronics pivot at this 97th-percentile multiple would break the priced-in premium and push toward DROP.

Layer 2 read, 19 July 2026 — BENCH. Excellent compounder, but priced at an all-time-high PE on peak margins with no hidden cheapness — held on the bench. SJS is a genuine quality name (EPS 5.80->15.15, ROCE 29%, OCF/PAT 1.32) in a TAILWIND, IN_FOCUS sector, and experts confirm it is 'breaking out'. But the entry is extended: PE is at the 97.1th percentile (41x, all-time high) and the normalized PE is ALSO at the 100th percentile (45.3 > trailing 39.9), so there is no cyclically-depressed-EPS inversion to make it secretly cheap. Extension + lateness on peak margins with absent institutional flows is a full-force BENCH, not a DROP.

What would change Layer 2’s mind. A cited concall/order confirmation that the electronics pivot (D2 BOE Varitronix/WalterPak) is DELIVERING revenue at scale AND the multiple de-rates back toward its ~29.5x median (percentile <60th) — proof arriving while the price resets would flip BENCH->ADVANCE. Conversely, an OEM production cut (R3) or margin roll-off below 24% OPM confirms the peak-multiple risk.

The test written in advance. Peak Multiple at Peak Margins — Compression Risk — Peak Multiple at Peak Margins — Compression Risk PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple. by the next result.

The test written in advance. Electronics Pivot Execution — Timeline and Ramp Risk — Electronics Pivot Execution — Timeline and Ramp Risk Electronics/IME revenue <5% of total in FY27 Q2 results. by the next result.

The test written in advance. Auto OEM Production Cycle Sensitivity — Auto OEM Production Cycle Sensitivity Revenue declines for 2 consecutive quarters. by the next result.

The dials — and the exact level that would change the read
DialNowWasWhy it mattersWatch line
Automotive Premiumization…HIGHSJS has grown at 3x underlying auto-industry volume growth for 26 consecutive quarters by riding the shift from entry-level to…PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Electronics Pivot — BOE Varitronix JV +…HIGHA JV with global display leader BOE Varitronix targets kit value from ₹3,500 to ₹13,000–14,000/vehicle by FY28 via automotive…PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Export Revenue AccelerationMEDIUMExports surged 75% YoY to ₹25.5 Cr in Q4 FY26, now 10% of revenue; targeting 14–15% by FY28.PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Capacity Expansion — Decoplast…MEDIUMNew chrome/paint facility at Decoplast to double current capacity; Hosur optical display plant to begin operations FY27.PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Everything further down this page is evidence for or against these.

🚨 What the surface reading misses. The surface reading is: PE at 94th percentile reads as expensive. The research reads it further: cycle_normalized shows normalized PE is 45.3x (100th percentile) — normalizing for the above-cycle margin level makes the stock even more expensive, not cheaper. This is not a trough-masked setup; it is a genuine re-rating.

1 · Operating leverageBUILDING
2 · Value-added mixBUILDING
3 · Management changeBUILDING
4 · Paying down debtBUILDING
5 · Regulatory approvalQUIET
6 · Order-book winsQUIET
7 · ConsolidationQUIET
8 · Demerger or value unlockQUIET
9 · BuybackQUIET
10 · New geographiesQUIET
11 · Selling more to existing customersQUIET
12 · New product launchQUIET
13 · Mandatory normsQUIET
14 · A bigger market to sell intoQUIET
15 · Market-share gainsQUIET
16 · Asset qualityQUIET

Lever 1 · Operating leverage — BUILDING. SJS has grown at 3x underlying auto-industry volume growth for 26 consecutive quarters by riding the shift from entry-level to premium vehicles — kit value rising. What proves it keeps working: Automotive Premiumization — Content-per-Vehicle Expansion. It stops working if PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.

Lever 2 · Value-added mix — BUILDING. A JV with global display leader BOE Varitronix targets kit value from ₹3,500 to ₹13,000–14,000/vehicle by FY28 via automotive displays and optical cover glass. What proves it keeps working: Electronics Pivot — BOE Varitronix JV + WalterPak. It stops working if PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.

Lever 3 · Management change — BUILDING. Exports surged 75% YoY to ₹25.5 Cr in Q4 FY26, now 10% of revenue; targeting 14–15% by FY28. What proves it keeps working: Export Revenue Acceleration. It stops working if PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.

Lever 4 · Paying down debt — BUILDING. New chrome/paint facility at Decoplast to double current capacity; Hosur optical display plant to begin operations FY27. What proves it keeps working: Capacity Expansion — Decoplast Chrome/Paint + Hosur Optical. It stops working if PE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.

Sources: our stock research file (14 June 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table — every row jumps to its section
SectionWhere it is nowVs a year agoThe one thing to watch nextRead
Margin28%Automotive Premiumization — Content-per-Vehicle Expansion
Ownershipsee the sectionExport Revenue Acceleration
Debtsee the sectionCapacity Expansion — Decoplast Chrome/Paint + Hosur Optical
03 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

S J S Enterprises Ltd reported ₹261 Cr of revenue in the Jun 26 quarter, +24.3% year on year. That is the 12th straight quarter of year-on-year growth. Over 4 years it has compounded at 26.8% a year. The last full year, FY26, came in at ₹955 Cr. The last four reported quarters add to ₹1,007 Cr.

FY26 revenue came in at ₹955 Cr (+25.7% on the year), capping 4 years at 26.8% compound. The latest quarter (Jun 26) printed ₹261 Cr, +24.3% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹955 Cr (+25.7% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
26.8% a year over 4 years
RevenueYoY growth
1.0k47%77439%51631%25823%015%₹ Cr%₹95525.7%FY22FY24FY26
1.0k47%77439%51631%25823%015%₹ Cr%₹95525.7%FY22FY24FY26
Jun 26: ₹261 Cr (+24.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
28280%21161%14141%7022%02.1%₹ Cr%₹26124.3%Sep 23Dec 24Jun 26
28280%21161%14141%7022%02.1%₹ Cr%₹26124.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +28.8% growth against the decade's 26.8% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +28.6% over the last 4 quarters against +19.9%/yr over the last 8 — accelerating; TTM profit +67.5% vs +49.0%/yr — accelerating.

FY26-Q4. revenue ₹260 Cr and profit ₹49 Cr as reported.

FY27-Q1. revenue ₹261 Cr and profit ₹74 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

04 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

S J S Enterprises Ltd's operating margin is 29.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged 24.0% to 28.0%.

Why this happened. The core flywheel: as Indian OEMs launch premium variants (premium 2W, SUVs, EVs), the aesthetic and functional component content per vehicle rises. SJS supplies chrome overlays, decorative plastics, and now IME components. IME alone has tripled kit value per PV. Management confirmed outperformance of underlying industry by 3x over 26 quarters.

The latest quarter's operating margin is 29.0%, +2.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 24.0%–28.0%, and FY26's 28.0% is the top of that band — a record year.

Why the margin moved: operating margin went +1.9 pp year on year while gross margin went +1.2 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 28.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
the widest a 24.0–28.0% band over 5 years
operating marginYoY change (pp)
28%2.2%27%1.4%26%0.5%25%−0.4%24%−1.2%%%28%2%FY22FY24FY26
28%2.2%27%1.4%26%0.5%25%−0.4%24%−1.2%%%28%2%FY22FY24FY26
Jun 26: 29.0% operating margin (+2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
30%4.3%28%3.2%26%2.0%23%0.8%21%−0.3%%%29%2%Sep 23Dec 24Jun 26
30%4.3%28%3.2%26%2.0%23%0.8%21%−0.3%%%29%2%Sep 23Dec 24Jun 26

FY26-Q4. revenue ₹260 Cr and profit ₹49 Cr as reported.

FY27-Q1. revenue ₹261 Cr and profit ₹74 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

Watch next
MetricAutomotive Premiumization — Content-per-Vehicle Expansion
ThresholdPE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Which resultthe next result
05 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

S J S Enterprises Ltd earned ₹74.0 Cr of net profit in the Jun 26 quarter, +111.4% year on year. It is the 11th consecutive quarter of growth. Full-year FY26 profit was ₹172 Cr. The 4-year compound rate is 33.0%. That is 28.4% of the quarter's revenue. The same quarter a year earlier earned ₹35.0 Cr.

Jun 26 profit was ₹74.0 Cr, +111.4% year on year — the 11th consecutive quarter of growth. On the full year, FY26 printed ₹172 Cr (+44.5%), and the 4-year compound rate is 33.0%.

FY26 profit ₹172 Cr (+44.5% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
33.0% a year over 4 years
Net profitYoY growth
18646%13940%9333%4627%020%₹ Cr%₹17244.5%FY22FY24FY26
18646%13940%9333%4627%020%₹ Cr%₹17244.5%FY22FY24FY26
Jun 26: ₹74.0 Cr (+111.4% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
11th straight quarter of growth
Net profit (quarterly)YoY growth
80121%6087%4053%2019%0−14%₹ Cr%₹74111.4%Sep 23Dec 24Jun 26
80121%6087%4053%2019%0−14%₹ Cr%₹74111.4%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +24.3% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +66.1% vs revenue +28.8%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

FY26-Q4. revenue ₹260 Cr and profit ₹49 Cr as reported.

FY27-Q1. revenue ₹261 Cr and profit ₹74 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

06 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 132% of S J S Enterprises Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹224 Cr of operating cash against ₹172 Cr of profit. After ₹78.0 Cr of capital spending, ₹146 Cr was left as free cash.

FY26: operating cash of ₹224 Cr against reported profit of ₹172 Cr, leaving free cash of ₹146 Cr after ₹78.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 132% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹224 Cr vs profit ₹172 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
132% of 3-year profit arrived as cash
Operating cashNet profitFree cash
2581349−116−240₹ Cr₹224₹172₹146FY22FY24FY26
2581349−116−240₹ Cr₹224₹172₹146FY22FY24FY26
FY26: CFO = 130% of profit (three-year rate 132%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
140%129%119%108%97%%130%FY22FY24FY26
140%129%119%108%97%%130%FY22FY24FY26

Why conversion sits at 132%: the cash cycle tightened 28 days between FY22 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 2.9× depreciation over three years, so the next section's job is to check what that build-out is buying.

07 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

S J S Enterprises Ltd's cash conversion cycle runs 81 days in FY26, down from 109 days in FY22. Capital spending ran ₹401 Cr over the last 3 years. At FY26 sales of ₹955 Cr each day of that cycle holds about ₹2.6 Cr, so roughly ₹212 Cr sits inside the business at any moment.

FY26: debtors at 85 days, inventory at 76 days — roughly 2.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 81 days, tighter than FY22's 109.

The full loop: cash goes out to suppliers and production on day 0; stock waits 76 days to sell; customers pay about 85 days after that; and suppliers themselves are paid at 81 days — netting out to the 81-day cycle.

In money terms: at FY26 sales of ₹955 Cr, each day of the cycle holds about ₹2.6 Cr — so the 81-day loop keeps roughly ₹212 Cr sitting inside the business at any moment.

FY26: a 81-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 5-year window.
−28 days vs FY22
Cash cycleInventory daysDebtor daysPayable days
112101907968days81d76d85d81dFY22FY23FY24FY25FY26
112101907968days81d76d85d81dFY22FY24FY26

On the investment side: capital spending of ₹401 Cr over the last 3 fiscal years against ₹138 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹60.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹78.0 Cr, work-in-progress ₹60.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
340255170850₹ Cr₹78₹60FY23FY24FY26
340255170850₹ Cr₹78₹60FY23FY24FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

08 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

S J S Enterprises Ltd earns a ROCE of 29% in FY26. That is up from a trough of 21% in FY23. Return on invested capital clears the cost of that capital by +15.2 percentage points, so growth here adds value rather than only size. The wiring behind it is 18.0% net margin on 0.87× asset turns.

FY26 ROCE is 29%, recovered from a FY23 trough of 21% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 18.0% net margin × 0.87× asset turns × 1.27× balance-sheet leverage ≈ 19.9% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 27.2% − 12.0% = a +15.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 29% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 4-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's 21%
ROCEROIC (annual)WACC
30%25%21%16%11%%29%25.3%FY23FY24FY26
30%25%21%16%11%%29%25.3%FY23FY24FY26
Q4 FY26: ROCE 23.9% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
25%21%18%15%11%%23.9%24%Q1 FY24Q2 FY25Q4 FY26
25%21%18%15%11%%23.9%24%Q1 FY24Q2 FY25Q4 FY26
09 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

S J S Enterprises Ltd carries total debt of ₹23.0 Cr against shareholder equity of ₹881 Cr as of Mar 26, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.08 in FY22 to 0.03 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Why this happened. Three special initiatives with combined capex of ~₹220 Cr over 3 years. All three capex programmes complete in FY27. Revenue contribution begins H2 FY27 and scales through FY28. Normal capex running at ₹15–20 Cr per annum alongside.

Mar 26: total debt of ₹23.0 Cr against shareholder equity of ₹881 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.08 (FY22) to 0.03 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹23.0 Cr at 0.03× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
910.16×680.12×450.09×230.06×00.02×₹ Cr×₹230.03×FY22FY24FY26
910.16×680.12×450.09×230.06×00.02×₹ Cr×₹230.03×FY22FY24FY26
Mar 26: debt ₹23.0 Cr, debt-to-equity 0.03 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
1080.21×810.16×540.12×270.07×00.02×₹ Cr×₹230.03×Jun 23Sep 24Mar 26
1080.21×810.16×540.12×270.07×00.02×₹ Cr×₹230.03×Jun 23Sep 24Mar 26
Watch next
MetricCapacity Expansion — Decoplast Chrome/Paint + Hosur Optical
ThresholdPE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Which resultthe next result
10 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 2.3 points of S J S Enterprises Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 34.0% of the company. Promoters moved −1.7 points over the same window, to 20.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

Why this happened. Export sales carry higher margins than domestic, confirmed by management. The export ramp is driven by international OEM relationships and the WalterPak European customer base. The target of 14–15% export share by FY28 from 10% today implies a structural margin tailwind over the next 6–8 quarters.

The register over the last two years — Domestic institutions: +2.3 points over 8 quarters to 34.0%; Promoters: −1.7 points over 8 quarters to 20.1%; Foreign institutions: −1.3 points over 8 quarters to 14.7%.

Why the register moved: domestic institutions drove it (+2.3 points), absorbed on the other side by promoters (−1.7 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters −0.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
34%29%24%19%14%%21.1%15.7%31.1%32.1%Mar 24Mar 25Mar 26
34%29%24%19%14%%21.1%15.7%31.1%32.1%Mar 24Mar 25Mar 26
Domestic institutions added 2.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
55%42%28%15%1.6%%20.1%14.7%34.0%31.1%Jun 23Dec 24Jun 26
55%42%28%15%1.6%%20.1%14.7%34.0%31.1%Jun 23Dec 24Jun 26
Watch next
MetricExport Revenue Acceleration
ThresholdPE drops below 30x OR EPS delivers >60% growth for 4 consecutive quarters sustaining the multiple.
Which resultthe next result
11 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

S J S Enterprises Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

12 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

S J S Enterprises Ltd trades at 39.8× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 29.1×, measured across 4.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 39.8× is at the pricey end of its own range (93rd percentile), against a long-run median of 29.1× measured over 4.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 39.8× vs a 29.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 4.3-year window; loss-period spikes above 42× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (93rd percentile)
P/EMedianEPS (TTM) (quarterly)
43.8×₹64.736.8×₹48.529.8×₹32.322.9×₹16.215.9×₹0.0×39.30×₹60May 22Jun 23Aug 24Sep 25Sep 26
43.8×₹64.736.8×₹48.529.8×₹32.322.9×₹16.215.9×₹0.0×39.30×₹60May 22Aug 24Sep 26
PEG 0.85 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 12 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
2.5×2.1×1.6×1.2×0.7××0.85×Q1 FY24Q3 FY24Q2 FY25Q1 FY26Q4 FY26
2.5×2.1×1.6×1.2×0.7××0.85×Q1 FY24Q2 FY25Q4 FY26
P/E
39.8×
93rd percentile of 4y
PEG
1.25
as reported

🚨 Why the multiple sits where it does: over the past year annual EPS moved +41.9% against a +68.1% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +49.8%/yr price move, ~+38.4%/yr came from earnings growth and ~+11.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

13 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 20 July 2026 price, S J S Enterprises Ltd was paying for profit growth of about 22.3% a year. Profit itself has compounded 33.0% a year over the past 4 years. Today the market pays 39.8× P/E, the 93rd percentile of its own 4-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 20 July 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

14 · Stage: Consistent

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

S J S Enterprises Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 28.5% and holding. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +25.7% in FY26, profit +44.5% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
47%46%39%40%31%33%23%27%15%20%%%25.7%44.5%FY22FY24FY26
47%46%39%40%31%33%23%27%15%20%%%25.7%44.5%FY22FY24FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit accelerating
RevenueProfitEPS
60%73%47%54%34%35%21%16%8.3%−3.3%%%28.6%67.5%65.7%Sep 23Dec 24Jun 26
60%73%47%54%34%35%21%16%8.3%−3.3%%%28.6%67.5%65.7%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
29%27%24%21%18%%28.5%Sep 23Mar 24Dec 24Sep 25Jun 26
29%27%24%21%18%%28.5%Sep 23Dec 24Jun 26
Revenue growth
Rising
latest +28.6% · span +11.9% to +56.6%
Profit growth
Rising
latest +67.5% · span +3.0% to +67.5%
EPS growth
Rising
latest +65.7% · span +1.9% to +65.7%
ROCE
Rising
latest 28.5% · span 18.9%–28.7%

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+25.7%+30.2%
Profit+44.5%+36.9%
EPS+41.9%+34.2%
Share price+68.1%+49.8%
Revenue YoY (Jun 26)
+24.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
+111.4%
latest quarter vs a year ago
Revenue 10y
26.8%
long-run compound pace
15 · 4-Factor Sector Score

4-Factor Sector Score

72.1/100 — rank 2 of 20 in Auto Ancillaries - Diversified · 100% evidence confidence

S J S Enterprises Ltd scores 72.1 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 2. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

The four contributions add to the total exactly: 29.6 + 20.4 + 10.1 + 12 = 72.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

16 · Said versus delivered

Said versus delivered

What S J S Enterprises Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

FY27 EBITDA Margin Guidance Raised Without Explanation · 7 August 2026. The May 2026 call indicated a long-term margin expectation of 27-28%, while the latest call guided to 28-30% for FY27. This raises both the midpoint and upper end of the range without explaining what changed in the cost, mix, or new-product assumptions supporting the earlier range.

Display Margin Outlook Reversed · 7 August 2026. In Jan 2026, management indicated that display margins could be lower, but in Aug 2026 it said they would be higher than SJS margins. This is a material reversal for the valuation of the cover glass and display opportunity, and the latest call did not reconcile the two views.

Display TAM Estimate Increased Materially · 7 August 2026. Management's estimated India display market for 2030 increased from Rs. 3,000-4,000 crores in Jan 2026 to Rs. 5,000-7,000 crores in Aug 2026. The latest call gave no change in methodology, market scope, or other explanation for this material expansion of the stated opportunity.

Display Localization Scope Appears Narrower · 7 August 2026. In May 2026, management described the planned facility as handling all display hardware except software, whereas the latest call said the TFT screen would remain imported and only potentially 50% of its value would be localized. Because localization scope directly affects revenue capture, margins, and strategic positioning, management should clarify whether the earlier fully integrated description referred only to assembly.

Every quote above is taken word for word from the company’s own earnings calls.

17 · Related companies · Auto Ancillaries - Diversified
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Lumax Auto Technologies LtdLUMAXTECH 77.7/100Favorable setup100% evidence BREAKING OUT 31.2/35 Revenue 33.3% · PAT 58.3% · OPM change 2 pp 100% evidence 17.9/25 ROCE 21.2% · OPM 14% 100% evidence 11.6/20 P/E 41× · PEG 0.75 100% evidence 17.0/20 RS sector 7.7% · RS bench 29.4% · 1Y 86.6%5 of 12 weeks ahead 100% evidence
Exact sum: 31.2 + 17.9 + 11.6 + 17 = 77.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2S J S Enterprises Ltdthis pageSJS 72.1/100Favorable setup100% evidence LEADER 29.6/35 Revenue 28.6% · PAT 67.5% · OPM change 2 pp 100% evidence 20.4/25 ROCE 28.6% · OPM 29% 100% evidence 10.1/20 P/E 39.8× · PEG 0.89 100% evidence 12.0/20 RS sector 6.9% · RS bench 27.6% · 1Y 67.8%12 of 12 weeks ahead 100% evidence
Exact sum: 29.6 + 20.4 + 10.1 + 12 = 72.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3OBSC Perfection LtdOBSCP 66.2/100Favorable setup80% evidence LEADER 21.9/35 Revenue 37.8% · PAT 46.2% · OPM change 0 pp 95% evidence 15.6/25 ROCE 19.5% · OPM 17.9% 95% evidence 8.7/20 P/E 78.8× · PEG — 15% evidence 20.0/20 RS sector 93.6% · RS bench 126% · 1Y 185.3%12 of 12 weeks ahead 100% evidence
Exact sum: 21.9 + 15.6 + 8.7 + 20 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Sansera Engineering LtdSANSERA 64.4/100Mixed-positive evidence100% evidence LEADER 26.6/35 Revenue 23.5% · PAT 52.2% · OPM change 2 pp 100% evidence 12.0/25 ROCE 14.5% · OPM 19% 100% evidence 7.2/20 P/E 69.2× · PEG 1.28 100% evidence 18.6/20 RS sector 49% · RS bench 75.4% · 1Y 202.8%12 of 12 weeks ahead 100% evidence
Exact sum: 26.6 + 12 + 7.2 + 18.6 = 64.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Carraro India LtdCARRARO 59.7/100Mixed-positive evidence93% evidence TURNING 23.7/35 Revenue 26.3% · PAT 47.8% · OPM change -2 pp 100% evidence 15.8/25 ROCE 29.3% · OPM 8% 100% evidence 15.9/20 P/E 21.9× · PEG 0.42 65% evidence 4.3/20 RS sector -14.1% · RS bench 3.7% · 1Y 24.4%3 of 12 weeks ahead 100% evidence
Exact sum: 23.7 + 15.8 + 15.9 + 4.3 = 59.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.1% and the one-year return is 24.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
6Automobile Corporation Of Goa LtdACGL 57.1/100Mixed-positive evidence76% evidence 20.6/35 Revenue 29.7% · PAT 11.5% · OPM change -6 pp 95% evidence 16.6/25 ROCE 29.6% · OPM 5% 76% evidence 13.0/20 P/E 18× · PEG — 50% evidence 6.9/20 RS sector -8.3% · RS bench -3.6% · 1Y -15.3%0 of 12 weeks ahead 70% evidence
Exact sum: 20.6 + 16.6 + 13 + 6.9 = 57.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Bosch LtdBOSCHLTD 56.8/100Mixed-positive evidence82% evidence LEADER 15.9/35 Revenue 13.6% · PAT -11.4% · OPM change 1 pp 95% evidence 17.6/25 ROCE 21.5% · OPM 14% 76% evidence 6.3/20 P/E 60.4× · PEG — 50% evidence 17.0/20 RS sector 6.7% · RS bench 28.1% · 1Y 18.3%12 of 12 weeks ahead 100% evidence
Exact sum: 15.9 + 17.6 + 6.3 + 17 = 56.8 · Decision use: Price leads the evidence: RS versus the benchmark is 28.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Jay Bharat Maruti LtdJAYBARMARU 56.6/100Mixed-positive evidence87% evidence FADING 23.1/35 Revenue 13.3% · PAT 100% · OPM change -2 pp 95% evidence 13.1/25 ROCE 16.6% · OPM 10% 95% evidence 14.8/20 P/E 9.1× · PEG — 50% evidence 5.6/20 RS sector -9.2% · RS bench 7.8% · 1Y 19.5%9 of 12 weeks ahead 100% evidence
Exact sum: 23.1 + 13.1 + 14.8 + 5.6 = 56.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.2% and the one-year return is 19.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9Minda Corporation LtdMINDACORP 56.5/100Mixed-positive evidence94% evidence BREAKING OUT 26.3/35 Revenue 26.6% · PAT 94.9% · OPM change 0 pp 100% evidence 8.8/25 ROCE 12.7% · OPM 11% 100% evidence 8.7/20 P/E 41.8× · PEG 1.58 100% evidence 12.7/20 RS sector 1.7% · RS bench 19.5% · 1Y 40%11 of 11 weeks ahead 70% evidence
Exact sum: 26.3 + 8.8 + 8.7 + 12.7 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Suprajit Engineering LtdSUPRAJIT 51.3/100Mixed-positive evidence94% evidence TURNING 25.0/35 Revenue 18.4% · PAT 73.2% · OPM change 3 pp 100% evidence 10.0/25 ROCE 15.5% · OPM 12% 100% evidence 5.8/20 P/E 35.7× · PEG 5.51 100% evidence 10.5/20 RS sector -2.5% · RS bench 8.3% · 1Y 6.1%9 of 11 weeks ahead 70% evidence
Exact sum: 25 + 10 + 5.8 + 10.5 = 51.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Varroc Engineering LtdVARROC 50.5/100Mixed-positive evidence87% evidence BREAKING OUT 16.6/35 Revenue 14.7% · PAT 39.9% · OPM change -2 pp 100% evidence 9.6/25 ROCE 19% · OPM 8% 100% evidence 13.9/20 P/E 46.7× · PEG 0.63 65% evidence 10.4/20 RS sector -8.5% · RS bench 43.4% · 1Y 44.8%11 of 11 weeks ahead 70% evidence
Exact sum: 16.6 + 9.6 + 13.9 + 10.4 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Samvardhana Motherson International LtdMOTHERSON 49.0/100Mixed-negative evidence100% evidence LEADER 20.3/35 Revenue 14% · PAT 24.7% · OPM change 1 pp 100% evidence 8.7/25 ROCE 13.4% · OPM 9% 100% evidence 4.8/20 P/E 38× · PEG 5.68 100% evidence 15.2/20 RS sector 8.7% · RS bench 29.9% · 1Y 73.8%12 of 12 weeks ahead 100% evidence
Exact sum: 20.3 + 8.7 + 4.8 + 15.2 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Endurance Technologies LtdENDURANCE 46.4/100Mixed-negative evidence100% evidence BREAKING OUT 17.1/35 Revenue 29.4% · PAT 13.1% · OPM change -1 pp 100% evidence 12.8/25 ROCE 17.8% · OPM 12% 100% evidence 9.0/20 P/E 38.5× · PEG 2.33 100% evidence 7.5/20 RS sector -14% · RS bench 3.7% · 1Y -9.3%11 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 12.8 + 9 + 7.5 = 46.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Sharda Motor Industries LtdSHARDAMOTR 46.3/100Mixed-negative evidence100% evidence TURNING 9.0/35 Revenue 25.6% · PAT -1.8% · OPM change -3 pp 100% evidence 17.4/25 ROCE 34.5% · OPM 10% 100% evidence 9.6/20 P/E 16.2× · PEG 2.75 100% evidence 10.3/20 RS sector -13% · RS bench 5.4% · 1Y -10.8%3 of 12 weeks ahead 100% evidence
Exact sum: 9 + 17.4 + 9.6 + 10.3 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15NDR Auto Components LtdNDRAUTO 44.7/100Mixed-negative evidence87% evidence ASLEEP 17.1/35 Revenue 18.2% · PAT 16.4% · OPM change 0 pp 95% evidence 16.0/25 ROCE 22.2% · OPM 11% 95% evidence 9.9/20 P/E 25.2× · PEG — 50% evidence 1.7/20 RS sector -28.4% · RS bench -13.4% · 1Y -38.2%5 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 16 + 9.9 + 1.7 = 44.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Munjal Auto Industries LtdMUNJALAU 42.1/100Mixed-negative evidence87% evidence LEADER 15.0/35 Revenue 22.3% · PAT 19.1% · OPM change 0 pp 95% evidence 6.6/25 ROCE 9.8% · OPM 6% 95% evidence 9.1/20 P/E 20.8× · PEG — 50% evidence 11.4/20 RS sector 1% · RS bench 20.9% · 1Y 20.2%12 of 12 weeks ahead 100% evidence
Exact sum: 15 + 6.6 + 9.1 + 11.4 = 42.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17ZF Commercial Vehicle Control System India LtdZFCVINDIA 39.4/100Mixed-negative evidence100% evidence BREAKING OUT 10.8/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence 14.4/25 ROCE 19.4% · OPM 13% 100% evidence 7.5/20 P/E 57.4× · PEG 4.2 100% evidence 6.7/20 RS sector -10.7% · RS bench 7.8% · 1Y 13%2 of 12 weeks ahead 100% evidence
Exact sum: 10.8 + 14.4 + 7.5 + 6.7 = 39.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Motherson Sumi Wiring India LtdMSUMI 38.3/100Mixed-negative evidence100% evidence BASING 11.3/35 Revenue 28.7% · PAT 4.3% · OPM change -2 pp 100% evidence 17.1/25 ROCE 38.9% · OPM 8% 100% evidence 7.7/20 P/E 38.4× · PEG 6.28 100% evidence 2.2/20 RS sector -28.5% · RS bench -13.1% · 1Y -19.6%1 of 12 weeks ahead 100% evidence
Exact sum: 11.3 + 17.1 + 7.7 + 2.2 = 38.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Mercury EV-Tech LtdMERCURYEV 28.2/100Adverse evidence74% evidence BREAKING OUT 8.4/35 Revenue 4.2% · PAT -47.6% · OPM change 0.4 pp 95% evidence 4.8/25 ROCE 2.6% · OPM 9.8% 95% evidence 8.5/20 P/E 174× · PEG — 15% evidence 6.5/20 RS sector -39% · RS bench 15.8% · 1Y -18.9%7 of 9 weeks ahead 70% evidence
Exact sum: 8.4 + 4.8 + 8.5 + 6.5 = 28.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Precision Camshafts LtdPRECAM 26.6/100Adverse evidence81% evidence ASLEEP 5.9/35 Revenue -4.9% · PAT -33.3% · OPM change -3.6 pp 95% evidence 6.5/25 ROCE 7.3% · OPM 3.8% 95% evidence 10.9/20 P/E 35.2× · PEG — 50% evidence 3.3/20 RS sector -32% · RS bench -23.2% · 1Y -36.2%1 of 10 weeks ahead 70% evidence
Exact sum: 5.9 + 6.5 + 10.9 + 3.3 = 26.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

18 · Frequently asked questions

Frequently asked questions

What is S J S Enterprises Ltd's share price today?

S J S Enterprises Ltd trades at ₹2,354, +68.1% over the past year. The company is valued at ₹7,592 Cr. The stock sits at 82% of its 52-week range of ₹1,552–₹2,533, +18.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 68 weeks in. — as of 11 September 2026.

What were S J S Enterprises Ltd's latest quarterly results?

S J S Enterprises Ltd reported revenue of ₹261 Cr and net profit of ₹74.0 Cr for the Jun 26 quarter. Revenue rose 24.3% and profit rose 111.4% year on year. Earnings per share were ₹23.18. The operating margin was 29.0%, 2.0 pp higher than a year earlier. — as of 11 September 2026.

What is S J S Enterprises Ltd's revenue?

S J S Enterprises Ltd reported revenue of ₹261 Cr in the Jun 26 quarter, +24.3% year on year. For the full FY26 fiscal year, revenue was ₹955 Cr (+25.7%). Over the last 4 years revenue compounded at 26.8% a year. — as of 11 September 2026.

What is S J S Enterprises Ltd's profit?

S J S Enterprises Ltd earned ₹74.0 Cr of net profit in the Jun 26 quarter, +111.4% year on year — the 11th straight quarter of growth. Full-year FY26 profit was ₹172 Cr. The operating margin ran 29.0% in the latest quarter. — as of 11 September 2026.

What is S J S Enterprises Ltd's market cap?

S J S Enterprises Ltd's market capitalisation is ₹7,592 Cr at a share price of ₹2,354. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is S J S Enterprises Ltd's P/E ratio?

S J S Enterprises Ltd trades at a P/E of 39.8×, at the 93rd percentile of its own 4-year range, against a long-run median of 29.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does S J S Enterprises Ltd pay a dividend?

Yes — S J S Enterprises Ltd's dividend payout was 7% of profit in FY26, and it recorded a payout in 4 of its last 5 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is S J S Enterprises Ltd overvalued?

On its own history, S J S Enterprises Ltd looks expensive: its P/E of 39.8× sits at the 93rd percentile of its 4-year range (long-run median 29.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

Is S J S Enterprises Ltd growing?

Yes — S J S Enterprises Ltd is growing: latest-quarter revenue +24.3% year on year, profit +111.4%, and the margin +2.0 pp at 29.0%. The 4-year compound rates are 26.8% (revenue) and 33.0% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is S J S Enterprises Ltd performing?

S J S Enterprises Ltd is in a confirmed uptrend, 68 weeks in. Its latest quarter's revenue rose 24.3% and profit rose 111.4% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 29 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is S J S Enterprises Ltd in?

Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 28.5% and holding. The read comes from the last 12 quarters of growth (revenue growth +28.6% latest, profit growth +67.5% latest, eps growth +65.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is S J S Enterprises Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 68 of stage 2), trading +18.4% versus its 200-day average and at 82% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is S J S Enterprises Ltd beating the market?

On recent form, yes — S J S Enterprises Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 4.8 years the stock moved +401% against the NIFTY 500's +52% — ahead of the index over the full window. — as of 11 September 2026.

Will S J S Enterprises Ltd's share price go up?

This page publishes no price forecast for S J S Enterprises Ltd. What it measures instead: the share price is ₹2,354, the price is in a confirmed uptrend 68 weeks in. Its P/E of 39.8× sits at the 93rd percentile of its own 4-year range. — as of 11 September 2026.

Who owns S J S Enterprises Ltd?

Promoters hold 20.1% of S J S Enterprises Ltd, foreign institutions 14.7%, domestic institutions 34.0% and the public 31.1% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 2.3 points over 8 quarters. — as of 11 September 2026.

Does S J S Enterprises Ltd have too much debt?

No — S J S Enterprises Ltd's debt-to-equity is 0.03, and operating profit covers the interest bill 68×. FY26 borrowings were ₹23.0 Cr against equity of ₹868 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is S J S Enterprises Ltd's capex?

S J S Enterprises Ltd spent ₹401 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹78.0 Cr, with ₹60.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is S J S Enterprises Ltd's cash flow?

S J S Enterprises Ltd generated ₹224 Cr of operating cash flow in FY26 and ₹146 Cr of free cash flow after ₹78.0 Cr of capital spending. Reported profit that year was ₹172 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is S J S Enterprises Ltd's profit real cash?

Yes — over the last 3 fiscal years, 132% of S J S Enterprises Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹224 Cr against reported profit of ₹172 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is S J S Enterprises Ltd in its business cycle?

S J S Enterprises Ltd's FY26 operating margin was 28.0%, against a 5-year band of 24.0%–28.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 29.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does S J S Enterprises Ltd's price assume?

At its price on 20 July 2026, S J S Enterprises Ltd was priced for profit growth of about 22.3% a year. Profit itself has compounded 33.0% a year over the past 4 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the S J S Enterprises Ltd story?

The sharpest disagreement: the price moved +68.1% in a year while annual EPS moved +41.9% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is S J S Enterprises Ltd a stock worth studying right now?

This is not investment advice. The machine read: S J S Enterprises Ltd's price has outrun its earnings. +68.1% in a year against EPS +41.9% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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