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Sal Automotive Limited (539353) Fair Value & Analysis

Consumer Discretionary · IN · Market cap ₹313M (≈ $3.3M)

What is Sal Automotive Limited really worth?

SA Sal Automotive Limited 539353 · BSE
Price₹199.90
Fair Value₹465.32
Upside+132.8%
Quality53/100

A solid business, trading 57% below our fair value of ₹465.32.

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Risks

!Expensive Growth (revenue 5y +32.4 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/11)
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹347.35 – ₹581.65

Fair value as of: Aug 19, 2026

From 15 valuation models · updated 16 days ago

Fair value updated Aug 19, 2026, revised from ₹444.38 to ₹465.32 (+4.7%) since Aug 13, 2026.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (₹347.35). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

₹410.34 ₹72.06 Fair Value ₹465.32 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹72.06 – ₹410.34 · fair‑value band ₹347.35 – ₹581.65 · the ₹199.90 price screens below the ₹465.32 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Sal Automotive Limited (539353) currently trades at ₹199.90, while our model-based Fair Value estimate is ₹465.32, implying the stock looks roughly 57.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Discretionary sector. Bull case: the Growth Earnings group reads highest at a median of ₹687.66 per share, and 15 of the 15 models we run sit above the ₹199.90 price. Bear case: the Asset-Based group reads lowest at ₹203.14, and 0 of the 15 models stay below the price. Evidence for this calculation is low.

Net debt stands at ₹331M. The stock trades on a trailing P/E of 24.2 (as of Jul 5, 2026). Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹347.35 (bear case) to ₹581.65 (bull case); at ₹199.90, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 22% above its 52-week low. For context, the median of 10 Consumer Discretionary peers we cover trades at −12% fair-value upside, at 133%, 539353 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹2.32 per share, which is 0.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence ₹245.41 ₹262.71 ₹293.45 76
EPV ₹247.91 ₹287.47 ₹320.44 74
Owner Earnings ₹245.99 ₹501.23 ₹937.82 72
All 15 models by family
DCF Models
Owner Earnings ₹245.99 ₹501.23 ₹937.82 72
Earnings-Based
Graham-Dodd ₹190.43 ₹1,135 ₹1,582 63
Lynch FV ₹323.07 ₹461.52 ₹599.98 61
PEG = 1.0 ₹323.07 ₹461.52 ₹599.98 57
EPV ₹247.91 ₹287.47 ₹320.44 74
Multiples
P/E Multiple ₹462.08 ₹616.11 ₹770.14 63
P/S Multiple ₹357.06 ₹476.09 ₹595.11 58
P/B Multiple ₹357.06 ₹476.09 ₹595.11 55
EV/EBIT ₹547.08 ₹743.51 ₹939.94 66
EV/EBITDA ₹605.66 ₹821.61 ₹1,038 67
EV/Revenue ₹355.02 ₹525.26 ₹695.50 53
Asset-Based
NCAV (Graham) ₹151.60 ₹203.14 ₹303.19 54
Economic Profit
Residual Income best evidence ₹245.41 ₹262.71 ₹293.45 76
ROIC Compounder ₹247.91 ₹287.47 ₹344.33 72
Growth Earnings
Growth-Adj P/E ₹481.36 ₹687.66 ₹893.96 67

Widest divergence: Growth Earnings (₹687.66) versus Asset-Based (₹203.14). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 24.2 as of Jul 5, 2026
P/S ratio 0.27 P/E × margin
EPS (TTM) ₹5.39 price ÷ EPS = P/E 24.2
Dividend yield 3.8% payout 142%
Net margin 1.1% FY2026
Return on assets (EBIT) 4.3% avg 5y
More key figures
Balance sheet & cash flow
Free cash flow −₹91.1M FY2026
Net debt ₹331M FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 48 · Market factors (momentum, volatility) 26

Profitability 58
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Swaraj Automotives Limited manufactures and sells automotive components in India. The company operates in two segments, Automobile Components and Agriculture Implements.

Full company description

Swaraj Automotives Limited manufactures and sells automotive components in India. The company operates in two segments, Automobile Components and Agriculture Implements. It offers seats for tractors and light commercial vehicles, as well as for railway coaches; seating mechanism systems, including recliners, adjustors/sliders, and other components for cars and passenger vehicles; and agricultural implements, such as rotavators and tractor trailers. The company was formerly known as Punjab Scooters Limited. Swaraj Automotives Limited was founded in 1974 and is based in Mohali, India. Swaraj Automotives Limited is a subsidiary of b4S Solutions Private Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sal Automotive Limited reported revenue of ₹3.8B in FY2026 versus ₹1.5B in FY2022, a compound +26.4%/yr. Reported net income was ₹42.6M in FY2026.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹3.8B
Latest YoY
+1.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.4%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.1% (15.3 + 3.8)
Revenue +26.4%/yr
FY22 ₹1.5B
FY23 ₹3.0B
FY24 ₹3.1B
FY25 ₹3.8B
FY26 ₹3.8B
Net income
FY22 −₹23.3M
FY23 ₹47.0M
FY24 ₹51.0M
FY25 ₹54.0M
FY26 ₹42.6M

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Cite: Fair Value Calculator (2026). "Sal Automotive Limited Fair Value". https://www.fairvalue-calculator.com/stock/539353

Peer Group

Consumer Discretionary · 3805 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Auto Components” was too small, so the broader sector is used.)

Quality Score 53 · Below median
Fair Value upside +133% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/E (TTM) 24.2× · Pricier than median
EV/EBITDA 0.6× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 20
FUTURE0 · sector 14
PAST0 · sector 22
HEALTH93 · sector 96
DIVIDEND77 · sector 45

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Components stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

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SAPL SAPL ₹3,998 ₹2,275 −43%
SIMMOND SIMMOND ₹204.65 ₹264.08 +29%
SAMRATFORG SAMRATFORG ₹247.00 ₹138.15 −44%
SALAUTO SALAUTO ₹201.40 ₹177.67 −12%
Simmonds Marshall Limited 507998 ₹204.90 ₹224.47 +10%
Alibaba Group 89988 HK$97.45 HK$48.38 −50%
JD.com, Inc 89618 ¥95.45 ¥73.98 −22%
ALWN ALWN €13.38 €11.82 −12%
Zhong Jia Guo Xin Holdings 2997 HK$0.0990 HK$0.1466 +48%
BYLOT BYLOT €1.17 €0.3900 −67%

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Frequently asked questions

Is Sal Automotive Limited (539353) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹465.32 versus a price of ₹199.90, about +133% upside (undervalued).
What is the fair value of 539353?
Our model-based fair value for Sal Automotive Limited is ₹465.32 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹199.90.
What is the quality score of 539353?
Sal Automotive Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of 539353?
The net profit margin of Sal Automotive Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Sal Automotive Limited pay a dividend?
Sal Automotive Limited currently shows a dividend yield of about 3.84% relative to its recent price (as of Aug 19, 2026).
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