Suprajit Engineering Limited is a world leader in control cables, instrument clusters, and halogen lamps, operating as part of the Suprajit Group which comprises of Suprajit Engineering Limited, Suprajit Automotive Limited, Suprajit Europe Limited, and Phoenix Lamps Limited. Incorporated as a Private Limited Company in 1985, Suprajit Engineering Limited started manufacturing high quality liner cables to exacting Japanese standards for the automotive industry in 1987. Currently catering to a wide spectrum of automotive and non-automotive cable requirements, Suprajit Engineering has achieved phenomenal growth and has cemented itself as India's largest manufacturer of automotive cables.
The group is a global leader in the automotive cable and halogen bulb industry. With the most competitive manufacturing base in India, and its technical and logistical supports worldwide, the group provides the optimal product development and manufacturing solutions to its domestic and international customers. Suprajit is now listed in the Indian bourses and is amongst the top five cable manufacturers in the world.
Suprajit is engaged in the manufacturing and trading of automotive cables and components, non-automotive cables and components, halogen lamps, LED drop in solutions, mechanic products like seat latch, steering locks, head rest mechanism etc. The company manufactures a complete range of liner, non-liner, and push pull cables for two wheelers, cars as well as light and heavy commercial vehicles and a range of automotive and non-automotive applications.
The company has established itself as a dominant player in multiple segments. It holds a leadership position in India and ranks 2nd globally in Control Cables and 3rd globally in Halogen Lamps. Suprajit Engineering Ltd is the third largest light duty control cable manufacturer in the world and the largest automotive halogen bulb manufacturer in India.
The company operates 20 plants in India spanning from Haridwar, Pathnagar, Bhiwadi, Manesar, NOIDA, Vapi, Pune, Bangalore, Chennai and maintains a tech center in UK. Wescon Controls in USA (Wichita, Kansas) and Mexico (Juarez), a wholly owned subsidiary focuses on Non-Automotive Cables. Trifa Lamps Germany Gmbh & Luxlite Lamps SARL are wholly owned entities in Germany and Luxembourg and are the trading arms for Halogen Bulbs.
The company has a capacity of 250 million cables per annum and 87 million halogen bulbs. Customers include all major large 2 wheeler manufacturers in India, Indian and MNC OEMs in the car, Commercial Vehicle, Out Door Power equipment, Agriculture, construction & Farm equipment segments.
- Market Cap: ₹6,403 Crores (as of latest available data)
- Promoter Holding: 44.6%
- Return on Equity: 11.1% over last 3 years
FY2024 Performance:
- Revenue: ₹29,558 million in FY24, up 5.9% compared to ₹27,910 million in FY23
- Net Profit: ₹1,673 million in FY24, up 10.0% compared to ₹1,521 million in FY23
- Operating Profit Margin: 11.2% in FY24 compared to 11.4% in FY23
- Net Profit Margin: 5.8% in FY24 compared to 5.5% in FY23
Q4 FY2025 Performance:
- Revenue: ₹886.81 Crores in Q4 2024-2025, up 10.51% year-on-year
- Net Profit: ₹27.24 Crores in Q4 2024-2025, down 53.95% year-on-year
- Net Profit Margin: 3.07% in Q4 2024-2025, down from 7.37% in Q4 2023
Over the past 5 years, the revenue of Suprajit Engineering has grown at a CAGR of 16.9%. The company's net profit has grown at a CAGR of 12.6% over the past 5 years. The company's revenue has grown from ₹15,852 million in FY20 to ₹29,558 million in FY24.
The company operates global technology centers to support its customers. Committed to excellence, Suprajit holds ISO/TS 16949:2002 certifications and prioritizes continuous improvement in manufacturing processes. The company has been investing in new technology segments, with its Electronics Division (SED) reaching a revenue run rate of ₹100 million per month with ₹5 billion per annum expected from electronics business.
Suprajit Engineering's major competitors are Motherson Sumi Wirin, Precision Wire India, Minda Corporation, Remsons Inds, Subros, Pricol, Lumax Auto Tech. The company's market cap of ₹6,403 crores is comparable to the median market cap of its peers at ₹6,282 crores.
The company has transformed from a single product, single customer, single segment, single brand, single location company to a multi-product, multi-business, multi-customer, multi-brand, multi-location global company while maintaining its focus on Quality, Cost, Delivery and Development. It is driven by its single-minded goal of customer satisfaction and continues to be recognized as a value for money supplier to customers across the spectrum.
Geographically, the group has a business presence in India, the United States, and other countries, with a substantial part of the revenue derived from India. The company is well-positioned to benefit from the growing automotive industry in India and globally, with its strong manufacturing capabilities and diverse product portfolio serving multiple automotive segments.
