Buy SJS Enterprises; target of Rs 1750: Anand Rathi
Anand Rathi's research report on SJS Enterprises
SJS is one of the leading players in the Indian decorative aesthetics industry. They are a “design-to-delivery” aesthetics solutions provider with the capability to design, develop, and manufacture a diverse product portfolio catering to a wide range of customers, primarily in the automotive and consumer appliance industries. Their product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, in-mould label or decoration parts, lens mask assemblies, as well as chrome-plated, printed, and painted injection-moulded plastic parts. The company has over 30 years of expertise in industrial graphics printing and aesthetic parts, with manufacturing facilities in Bengaluru, Pune and Gurugram. The company partners with leading OEMs in the automotive and appliance industries and maintains support locations across Europe, North America, Latin America, and ASEAN. SJS is steadfastly committed to expanding across all dimensions with a focus on both organic and inorganic growth. Driven by a relentless pursuit of excellence, they leverage their unique business model and diversification strategy to consistently outperform industry benchmarks. Over the years, they have strategically diversified their portfolio to deliver advanced aesthetic solutions catering to the growing needs of automotive, consumer appliances/electricals, medical equipment, telecom, and other segments. This growth is particularly evident in the passenger vehicle segment, where they have substantially enhanced their value proposition.
Outlook
With a robust liquidity position, cutting-edge in-house design and engineering capabilities, strategic acquisitions, strong customer relationships, a diversified portfolio, and a proven record of product innovation, SJS is poised for the next phase of growth. Focused on premiumization, global expansion, and operational excellence, they continue to gain momentum in the decorative aesthetics space while driving sustainable, long-term value creation for all stakeholders. We initiate a “BUY” coverage with a target price of ₹ 1,750 per share.
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SJS Enterprises - 15092025 - anand