SAR Auto Products Ltd (SAPL)

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SAR Auto Products Ltd (SAPL) · mywealthgrid

About

Small-cap auto components manufacturer (₹1,736.57 Cr market cap) in the Indian auto components sector. Standalone quarterly revenue has ranged ₹2.3–₹5.7 Cr but trended downward; company operates in a capital-intensive, cyclical industry sensitive to vehicle production volumes.

Face value: ₹10

Market cap

₹3,912 Cr

P/E

—

P/B

215.7×

Dividend yield

ROE

3.8%

ROCE

4.6%

Debt / equity

1.44

OPM

13.5%

EPS (TTM)

₹1.4

Book value

₹37.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapsed 60% from ₹5.67 Cr (Dec 2023) to ₹2.3 Cr (Mar 2025)—verify underlying cause: lost customer, market share loss, or demand cycle
Profitability unstable with losses in Mar 2024 (-₹0.06 Cr) and Mar 2025 (-₹0.35 Cr); verify if quarterly pattern is seasonal or structural
Operating margin deteriorated from 15.28% (Jun 2024) to 11.73% (Mar 2025), with sharp collapse to 5.94% in Mar 2024—verify if cost structure is resilient or eroding
Moderate leverage (D/E 1.05) on shrinking earnings base (EPS near-zero); verify refinancing risk and debt servicing capacity

Generated analysis · source review pending

Growth drivers

Quarterly profitability recovered in Dec 2024 (₹0.15 Cr) and Sep 2024 (₹0.32 Cr) after Mar 2024 loss; verify if Mar 2025 loss signals genuine turnaround or reversion to distress
Operating margin improved from 5.94% (Mar 2024) trough to 13–15% range (Jun–Sep 2024); verify if cost management improvements are locked in or subject to reversal
Auto components sector cycles with vehicle production volumes; verify company's order visibility, customer concentration risk, and positioning for next production upswing
1-year stock return of 87.46% despite minimal earnings (EPS near ₹0) suggests market prices recovery; verify if catalysts are company-specific or sector-wide

Generated analysis · source review pending

1,261 historical price candles were omitted because the exchange source has not been verified.

₹8,149.1-1.8%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 17.9% over the last 5 years
+High promoter holding of 74.5% with no pledge

Cons

−Low return on equity of 4.5% (3-yr avg)
−Trading at 215.7× book value

Research score

Structured signal from quality, growth, valuation and momentum.

22/100

Business quality: 21
Growth: 46
Valuation: 0

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	5	7	10	7	6	11	12	20	14	14
COGS	—	—	-1	-4	-3	-2	-5	-5	13	7	7
Gross profit	—	—	—	—	—	—	—	—	7	7	7
	4	5	8	13	8	7	13	14	5	5	5
	-1	0	0	1	1	1	2	2	2	2	2
OPM %	-21.3%	1.4%	3.3%	15.1%	18.5%	22.2%	18.7%	16.7%	9.7%	13.3%	13.5%
Depreciation	—	—	—	1	1	1	1	1	1	2	2
Interest	—	0	0	0	0	0	0	0	0	0	0
	1	0	0	0	0	0	1	0	1	1	1
Profit before tax	0	0	0	0	0	1	1	1	2	1	1
Tax	—	—	—	—	—	—	—	—	0	0	0
Tax %	—	—	—	—	—	—	—	—	23%	42.5%	9.5%
	0	0	0	0	0	0	1	1	1	0	1
PAT margin %	6.2%	6.1%	2.4%	3.4%	4.4%	7.1%	10.6%	5.3%	5.8%	3%	4.7%
EPS (₹)	0.4	0.6	0.3	0.7	0.6	1	2.4	1.3	2.5	0.9	1.4
EPS adjusted (₹)	—	—	—	—	—	1	2.4	1.3	2.5	0.9	1.4
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5
Reserves	9	10	11	12	13	13
Minority interest	—	—	—	0	0	—
	2	5	7	16	18	26
	1	1	2	2	1	1
Total equity & liabilities	17	22	25	35	37	45
	5	6	8	12	13	14
CWIP	—	—	0	0	0	0
Investments	0	0	0	0	0	0
	12	16	16	22	23	30
Total assets	17	22	25	35	37	45

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	0	1	3	0	-3
	-1	-3	-4	-10	-7	-4
	1	4	2	10	3	9
Net cash flow	—	—	—	3	-4	1
Free cash flow	0	-2	-3	-2	-3	-7
CFO / Operating profit %	80.7%	5.5%	33.5%	160.8%	18.8%	-180.8%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	35.3%	46.7%	48.5%
EBITDA margin %	15.1%	18.5%	22.2%	18.7%	16.7%	9.7%	13.3%	13.5%
EBIT margin %	0.6%	-0.1%	5.2%	6.9%	5.9%	3.9%	-1.6%	-1.9%
PAT margin %	3.4%	4.4%	7.1%	10.6%	5.3%	5.8%	3%	4.7%
Working capital
Receivable days	—	—	166	152	105	28	37	58
Inventory days	—	—	28	17	30	57	82	179
Payable days	—	—	—	—	—	43	26	29
NWC days	—	—	—	—	—	42	94	208
Leverage
Current ratio	—	—	3.91	2.42	1.51	1.28	1.13	1.07
Debt to EBITDA	—	—	1.29	2.65	3.58	8.2	9.8	13.41
Debt to equity	—	—	0.13	0.35	0.44	0.94	1.05	1.44
Interest coverage	3.2	4.3	11.2	15.5	7.8	16.3	6.6	7.7
Asset turnover	—	—	0.37	0.5	0.47	0.58	0.38	0.32
Return ratios
Return on assets %	—	—	2.6%	5.2%	2.5%	3.4%	1.1%	1.5%
Return on capital employed %	—	—	4.7%	8.4%	6.5%	9.7%	4.8%	4.6%
Return on equity %	—	—	3.2%	7.5%	3.9%	6.9%	2.4%	3.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.37%	67.91%	71.16%	74.86%	74.74%	74.67%	74.67%	74.67%	74.67%	74.67%	74.49%	74.49%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	4.63%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27%	27.46%	24.21%	20.51%	20.63%	20.7%	20.7%	20.7%	20.7%	20.7%	20.88%	25.51%
No. of shareholders	—	—	—	—	—	—	—	—	725	718	724	720

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in SAR Auto Products Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results3 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

25 announcementsExport CSV

29 Sept 2026, 6:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

Amendments to Memorandum & Articles of Association PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	35.3%	46.7%	48.5%
EBITDA margin %	15.1%	18.5%	22.2%	18.7%	16.7%	9.7%	13.3%	13.5%
EBIT margin %	0.6%	-0.1%	5.2%	6.9%	5.9%	3.9%	-1.6%	-1.9%
PAT margin %	3.4%	4.4%	7.1%	10.6%	5.3%	5.8%	3%	4.7%
Working capital
Receivable days	—	—	166	152	105	28	37	58
Inventory days	—	—	28	17	30	57	82	179
Payable days	—	—	—	—	—	43	26	29
NWC days	—	—	—	—	—	42	94	208
Leverage
Current ratio	—	—	3.91	2.42	1.51	1.28	1.13	1.07
Debt to EBITDA	—	—	1.29	2.65	3.58	8.2	9.8	13.41
Debt to equity	—	—	0.13	0.35	0.44	0.94	1.05	1.44
Interest coverage	3.2	4.3	11.2	15.5	7.8	16.3	6.6	7.7
Asset turnover	—	—	0.37	0.5	0.47	0.58	0.38	0.32
Return ratios
Return on assets %	—	—	2.6%	5.2%	2.5%	3.4%	1.1%	1.5%
Return on capital employed %	—	—	4.7%	8.4%	6.5%	9.7%	4.8%	4.6%
Return on equity %	—	—	3.2%	7.5%	3.9%	6.9%	2.4%	3.7%

1 deal · 21 Sept 2022 – 21 Sept 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Sept 2022	SHREYAS RAMESHBHAI VIRANI	Bulk	BSE	Sell	24,900	₹655.00	₹1.63 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
29 Sept 2026, 6:31 pm	Company Update Amendments to Memorandum & Articles of Association	Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association	PDF
29 Sept 2026, 6:29 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
29 Sept 2026, 6:08 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 4:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
22 Sept 2026, 5:49 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
19 Sept 2026, 2:31 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
27 Aug 2026, 5:51 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
26 Aug 2026, 4:35 pm	Company Update General	Intimation Regarding 39Th Annual General Meeting Of The Company & Dates For E-Voting.	PDF

SAR Auto Products Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

1

No fund holdings on record

Announcements

Annual reports

Not in the F&O segment

Compounded sales growth

Compounded profit growth

Return on equity

SAR Auto Products Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

No fund holdings on record

Announcements

Quarterly record

Annual reports

Bulk & block deals

Board and management

Not in the F&O segment

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1