Dalal street
Constantly invested in capacities where gross block increased from Rs 12 crore (March 2001) to Rs 32 crore (March 2004). The company now intends to do capex of Rs 50 crore in the next five years

Even when the raw material cost were increasing, the company was able to maintain its operating margins. This shows that the company is able to pass on the incremental costs to its customers

It has entered into a JV with UK-based Carclo Plc to manufacture automotive cables in India for European Union

Capacity would be expanded to 50 million cables p.a. from existing capacity of 40 million

Suprajit Engineering (SEL), market cap of 92 crore, has consistantly improved its market cap in the last two years. The company, on small equity capital of Rs 6 crore (got doubled last year due to bonus in the ratio of 1:1), has reported turnover of Rs 100 crore for: FY 05. The company since inception has registered CAGR of 35 percent and at this rate, it would double its turnover in next two and half years. The company, in last four years, saw its profit jumping four times and management is confident that its bottom line even in future would grow faster than the top line.

Recently, the company has entered into an agreement with UK based Carclo Plc, one of the leading manufacturers of automotive cables in the European Union. The JV will set up a 100 percent EOU manufacturing facility in Bangalore at a cost of Rs 12 crore catering to EU, which is expected to grow on stream by October 2005 and company is expecting to make a turnover of around Rs 40 crore from the third year of operation. Other than this, during FY 06, the company is expanding its existing capacity by 25 percent to 50 million cables per annum. With its constant efforts to increase its capacity, we feel the company is likely to increase its size and ultimately increase share holders wealth.

In FY 04, it paid divident of 55 percent and in FY 05, it has already paid divident of 25 percent.