SAL Automotive Share Price

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SALAUTO •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
33.18% Fall from 52W High
-19.3
TTM PE Ratio
Below industry Median
29
Price to Book Ratio
Below industry Median
3.6
Dividend yield 1yr %
Below industry Median
0.8
TTM PEG Ratio
PEG TTM is negative
-1

SAL Automotive Ltd shareholding Pattern

Promoter
75%
Domestic Institutions
4.4%
Public
20.6%
Promoter
75%
Domestic Institutions
4.4%
Public
20.6%
Promoter
75%
Domestic Institutions
4.4%
Public
20.6%
Promoter
75%
Domestic Institutions
4.4%
Public
20.6%
Promoter
75%
Mutual Funds
4.4%
Domestic Institutions
4.4%
Public
20.6%
Promoter
75%
Mutual Funds
4.4%
Domestic Institutions
4.4%
Public
20.6%

SAL Automotive Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
4
Bearish Moving Averages
12
5Day EMA
610.80
10Day EMA
618.00
12Day EMA
617.90
20Day EMA
613.60
26Day EMA
610.90
50Day EMA
608.50
100Day EMA
602.80
200Day EMA
575.50
5Day SMA
617.30
10Day SMA
632.30
20Day SMA
613.10
30Day SMA
603.00
50Day SMA
589.50
100Day SMA
626.40
150Day SMA
588.10
200Day SMA
570.10
Delivery & Volume

Delivery & Volume

PeriodCombined Delivery VolumeNSE+BSE Traded Volume
Day Rs
424 Rs
424 Rs
Week Rs
378 Rs
378 Rs
Month Rs
484 Rs
484 Rs
Resistance & Support
600.75
Pivot
Resistance
First Resistance
610.45
Second Resistance
629.65
Third Resistance
639.35
Support
First Support
581.55
Second support
571.85
Third Support
552.65
Relative Strength Index
43.66
Money Flow Index
75.47
MACD
6.99
MACD Signal
10.62
Average True Range
30.23
Average Directional Index
25.94
Rate of Change (21)
4.90
Rate of Change (125)
13.77

SAL Automotive Ltd Company background

Founded in: 1974
Swaraj Automotives Limited (SAL) (formerly known Swaraj Automotives Limited) was incorporated on 20th November 1974. The Company is an emerging global manufacturer of automotive components, seats and agricultural implements and also a leading and preferred supplier to the Indian automotive industry. The Company was inaugurated by the Honble President of India as Punjab Scooters Limited and started manufacturing scooter named as Vijay Kesari. The Company diversified into manufacturing of seats in 1986 and seat mechanism in 1994 in technological tieup with Fuji Kiko of Japan. The company is engaged in manufacturing business of Automobile Components, which includes Tractor seats, LCV (Light Commercial Vehicles) seats, seat mechanisms for passenger cars commercial vehicles and seat frames for commercial vehicles and agriculture Implements, which include Rotavators, Tractor trailers and Planter etc. The Company has manufacturing plant at Nabha located in the State of Punjab and second plant at Dharwad located in the State of Karnataka. The product line of the Company includes seats, seat adjusters/ sliders, seat recliners, and agri implements namely Rotavators Tractor Trolleys. During the year 2016, Mahindra Mahindra Ltd, one of the promoters of the Company (the Seller) entered into a Share Purchase Agreement on 16th October 2015 with b4S Solutions Private Ltd (the Acquirer) for sale of their entire equity stake of 71.19% held in the Company at Rs. 145.50 per share. The acquirer subsequently acquired the entire equity stake of 2.99% of other promoter, Punjab State Industrial Development Corporation (PSIDC), held in the Company, at the same rate. Thereafter, pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the acquirer had also made an open offer to the shareholders of the Company for acquiring another 25.82% equity shares of the Company. The entire process was successfully completed on 1st February 2016, taking b4S Solutions Private Limited s equity holding in the Company to 88.28% and they became promoter of the Company.During the year 2017, B4S Solutions Private Ltd (b4S or the promoter) acquired the entire equity stake of 71.19% held by Mahindra Mahindra Ltd (MM), one of the then promoters of the Company (the Seller), by entering into Share Purchase Agreement with MM on 16th October 2015. b4S subsequently also acquired the entire equity stake of 2.99% held by the then other promoter, Punjab State Industrial Development Corporation (PSIDC). Thereafter, pursuant to SEBI (SAST) Regulations, 2011, b4S made an open offer to the shareholders of the Company. The entire process completed on 1st February 2016 and b4Ss total equity holding in the Company stood at 88.28%. To comply with requirements applicable regulations to restore public shareholding in the Company to a minimum of 25%, the promoter divested 158,359 equity shares to the public via three offers for sale during the period December 2016 and January 2017, which has brought down the promoters shareholding in the Company to 81.68% as on March 31, 2017. The promoter proposes to meet its obligation to divest the remaining 6.68% of its shareholding in near future.During the year 201718, the Company set up new seat frames using robots of manufacturing facilities at Dharwad, Karnataka and the plant started its operations on 24th January, 2018.During the year 2018, b4S solutions Private Ltd (b4S or the promoter) acquired the entire equity stake of 71.19% held by Mahindra Mahindra Ltd (MM), one of the then promoters of the Company (the Seller), by entering into Share Purchase Agreement with MM on 16th October 2015. b4S subsequently also acquired the entire equity stake of 2.99% held by the then other promoter, Punjab State Industrial Development Corporation (PSIDC). Thereafter, pursuant to SEBI (SAST) Regulations, 2011, b4S made an open offer to the shareholders of the Company. The entire process completed on 1st February 2016 and b4Ss total equity holding in the Company stood at 88.28%. To comply with requirements applicable regulations to restore public shareholding in the Company to a minimum of 25%, the promoter divested 3,18,445 equity shares to the public via seven offers for sale during the period December 2016 to November 2017, which has brought down the promoters shareholding in the Company to 75% as on March 31, 2018. Meanwhile on July 19, 2017, SEBI passed an interim order to prohibit Company, Directors, and Promoter from buying, selling, or otherwise dealing in securities of the Company, either directly or indirectly, due to noncompliant to Minimum public shareholding (MPS) requirement. After dilution of shareholding to 75% via OFS as mentioned above, the company achieved Minimum Public Shareholding as on 23rd November 2017. On February 14, 2018, SEBI passed a final order stating that there is no violation on part of Company/ Promoter considering enough to warrant any other enforcement action against the Company or its Directors. Further, SEBI found this matter to be disposed of without any further enforcement action.The Company started production in new shed at Nabha Plant which increased production capacity of rotavator from 1000 to 3000 per month in 202223.
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